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Home My WebLink About0376 d~' / MORTGAGE DEED AND SECURITY AGREEMENT - THIS I~10RTGAGB D~ED (the Mort~taae), dated ~ ot December 21 ~ , 1977, by and be~ween ' Henry T. McCain and Joan R. McCain, his wife (heceinafter caUed Mortgagor) ar~d St1I1 Bank Of St. LL1C1@ COLU1t11 i1O otticeat 111 Orange Avenue, Fort Pierce, . Florida (hereinattercalled Mortgugee): WITNE83ETH. that in consideration of the premises and in order to secute thc payment of both the principal of, and interest and any other sums payable on the note (t+s hereinatter detined) or this Mortsage and the performance and ob- se~vance ot all ot We pmvisions hereof and ot said note, Mottaagor t~ereby srants, sells, warran4, eliens, remisea, releases, t conveye, aasigns. transtecs. morigages and sets over and confirans unto Mortga6ee, atl ot Mottaagore estate, riRht, title and interes! in, to and under all that cettain real property situatein St. Lucie County, Florida more particularly deacribed as tollows: SEE ATTACHED EXHIBIT A ~ - - - - , r- v , r.~ T~? T' t= f" a._ ~J r_ i r• p0 r ~ + ~ ~ i ~ ~~~~r+R~~ S i r: 'J4 S~ ' , RECUY~D 4{~MT CF ' ~ IY PA'C. TA7(ES `c • ~.a* :~~~.-EVL'v~.?r ~ '2 - , CIIE ON CL=SS 'C' i?tTnt:.; 8±: PtE~ui'- ~r~ „ n PURSUANT TO t N iP7E~: n- 4, ~i,r,; 5 QF 19~PERTII. ' ~ w' ~ - _ e , V ~ ~ • • q - ~ _ • ° J Q• ~J I RLGf~ P:IT:JIS ; CLERK t~~tlitT COUaT. ST. tU~E CO.. F1J~ 1`0('E'THER WITH al) improvementa now or hereatter located on said real properly and all ti:tures, appli~nces, apparatus, equipment, heating and air rnnditioning equipment, machinery and urticlea o( personal property and replacement thereof (other than those owned by lesreea of said real property) now or herea[ter affiaed to, attached to, placed upon, or used in any way in connection with the complete and rnmtottable we, occupancy. or operation of said real property, ~II licensea and petmits ueed or required in rnnnection with the nae o( said teal property, all leases o( naid real property now or hereafter enteted into and all tight, title and interest ot Mortgagor We~under, including without- limitation, cash or securi- tiea deposited Wereunder pursuant to said leasea, and all rents, issues. proceeds. and pmtita accruing from said real property and together with all proceeds of the rnnveraion, voluntary or involuntary of any o[ the foregoing into cash or liquidated claima, including without limitation, proceeds of insurance and condemnation awarda (t6e foregoing said real praperty. tangible and intangible peraonal property hereina(ter reterted to as the Mortgaged Property). Modgagor hereby grants lo Mortgagee a eecurity'intereat in the foregoing descril~ed tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Pcoperiy, together with all and singular the tenements, he[edit:~ments :ind ~ appurtenances thereunto belonging or in anywise appertaining and the reveision and reversions thereof and all the estate, right, title, interest. 6omeatead, dower and rig6t of dower, separnte estate, poesession, claim and demand whalsoever, as f well in law as in equity, of Mortgagor and unto the same, and every part tbereof, with the appurtenances oF Mortgagor in and to the same, and every part and parcel thereof unto Mortgagee. ~ Mortgagor vrarrants that it has a good and marketable titte to an indefeasible tee estate in the Mortgaged Pro~~erty ~ subject to no lien, charge or encumbrance e:cept such as Mortgagee has agreed to accept in writing and Mortgagor covenants ~ that this Mortgage is and wiq remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the ~ e:ceptiona herein provided. Mortgagor has (ull power and lawtul authority to mortgage the Mortgaged Property in the manner and form herein done or intended hereafter to be done. Mortgagor will preaerve such title and will torever wurrant ~ and de(end the aame to Mortgagee and will torever warr~nt and defend the vAlidity and priority ot the lien hereof aRainst the claims of all pe~sons and parties whomsoever. ~ Mortgagor will, at the co~t ot Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deli~~er al! and every such further acta, deede, conveyances, mortgages, assiRnments, notices of assignment, transfers and assurances as Mortgagee shall trom time to time requim in order to preserve the priority of the lien ot this Mottgage or to facilitate the pertormanre arf the terms hereof. PROVIDED, HOWEVER, that if Mortgagor shall ~wy to Mortgagee the indebtedness in the principal sum o( a 20~000•00 aa evidenced by that certain promissory note (the Note), ot even date herewith, e:ecuted by Mortgagor and payable to order of Mortgagee, with interest and upon the temns as provided therein, and logether v~ith all other suma advanced by Mortgagee to or on behalf of MortRagor pursuant to the Note or this Mortgage, the final maturity date o( the Note and this Mortgage being Januar~ Z~J ~ 1993 , and shall perfotm ali other covenants and conditiona o( the Note, all ot the terma of which Note are incorporated herein by reterence as though set forth fully here- in, and of any renewal, extension or moditication, thereot and ot t6is Morigage, then this htortgage and lhe estate hernby created shaU cease and terminate. ~ Mortqaqor turther convenants and agreea with Mortgagee as faliov?nq= 1. To pay all sums, including interest eecured hereby when due, as provided tor in the Note and any mnewal, eztension ~ or moditication thereof and in ihis Mortgage, a4 such sums to be payable in lawful money oi lhe United States of America ~ at Mortgagee e a(oresaid principal ot(ice, or at such other place as MortgaRee may deaignate in writing. ~ 2. To pay when due, and without requiring any notice (rom Mortgagee, all ta:es, aseesements of any type or nature ~ and other c6argea levied or aasessed against the Mortgaged Property or this Mortgage and produce receipte theretor upon ~ demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be ~ or 1?ecome superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge ~ against the Mortgaged Property. ~ 3. It required by Mortgagee, to also m:~ke monthly deposits with Morigagee, in a non-interest bearing account, to- get6er with and in addition to intereat and principal, of a sum equal to one-twelfth ot the yearly taxea and aasessmenta which ~ may he levied agninst the Mortgaged Property, and (if eo required) one-twel(th ot the yearly premiums for insurunce ~ thereon. The amount of such tazea, aseessments and premiuma, when unknown, ahall he estimated by Mortgagee. Such deposita ahall t?e used by MortRagee to pay auch ta:es, assesementa and premiuma when due. Any insuf(iciency ot such Cir~~ r • , - i ~ , . . ~ t r ~ CA ~ ~ r+~ ~ + s R~t- FQR~ ~ ~ iic ~ ,i. i~.i:` _ ....~~f .a