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MORTGAGE DEED AND SECURITY AGREEMENT
TNIS A1l)NTGAGE DEF:D Ithe MortK:~K~'). dat~~c! :~H o( JanuarY 6 , µ178 , hy :~~d IK•tw.•~~n
Robert L. Grover and Sadie A. Grover, his wife
Ih~reina(trr ~•+~Ued ~1ortRagor) and $t121 BdT1~C Of $t . I,UC1@ County , t,:?ving un
oftiee.it 111 Orange Avenue, Fort Pierce, . H'~~r~~i:? Ih~minutter~•aU~ri hlort~;aK~•e1:
WITNF.SSETH, tFu~t in considerulion of the prnmi~ :~nd in order to ~•um the payment of tx?th the princi~~:~l ot, .?nd
interest and any other suma ~~.~yuble on the note (as henin++her dctinedl or this Mortgage and the ~~ertormunce and ob-
se~~i~nce o[ nll ot the pro~•isioaa hereut and ot said note, 1liortgagor herehy g~ants, sells, wnrrants, alicns, nmises, n~teasca,
conveys, assigna, trunstera, mortgagea nnd sets o~•er :~nd confirms to Mortg:~gee, ~Il ot 111ortgugor's est.~te, riRht, title uod
intetest in, to and under all thut certain real pro~x~rty situF~te in ~t . Lueie (~~unty, Florida~ more parti~•ul:~rh•
descrit?ec1 rts followa:
From the S~ corner of Section 34, Township 35 South, Range 40 East, run West
494.31 feet to the East line of the W~ of the SE~ of the SE~ of the SW~
of Said Section 34; thence run North 30 feet to the point of beginning; thence •
continue North 637.19 feet; thence West 659.58 feet to the West line of the
E 3/4 of the SW~ of the SE~ of the SW~. of said Section 34; thence run
South 315.52 feet; thence East 134.35 feet; thence South 321.50 feet to the
North right of way of Weatherbee Road; thence run East 524.98 feet to the
point of beginning.
1 ~ T~T'
~ - _ : ---F r=: ~ ; ;.t ~ aee~wa s _,~L.°~..~+ r.y+~n.~~e ot T.~o,,,
~ t UM E N T A R 1<-_. ~ M > 1 Oue On Cleu ••C•• ~ntanpbN h~tayl h~p~q
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v ~ s 7 5~ ~'suant To Chept~r ~1.1~ Aor Ot 1~71.
~.7 = F e . ~;t - 9' ie ~ i.~ , ~ ROt3ER POITAAS ~
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: Ilt:~_~ rlr•? rl?CUf~ ~74
'C(KETHER WITH all improvements noW~ or hrm:ilter l~x:~tecl ore s:~id re.+l pro{x~rt~ and :~U (ixtures, :i~?plian~•~•s,
:?{~paralus, equipment, heating :~nd air conditioning equipmc:nt, machinery .~nd artic•les of {~er~~nal pro~~erty .ind replacc•ment
thereo( (other than~those ow•ned by lessees ot s?id mal pm~~erty) noN• or hema(ter af(ixcxi to, attached to, placecl uEx~n, or
used in any ~'ay in c~onnection ~vith the complete and comfortable use, cx~cupancy, or o~~erntion o( s:~id real pro~~erty, al)
licenses and E~ermits used or required in connection with the use ot said m:~l pm~~erty, :ill le.ises of x~id mal pm~~erty no~~• ur
here.ifter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or k~•uri-
ties deposited thereunder pursuant to s:iid le:~ses. :~nd all renis, issues, proceeds. :~nd profits uccruing trom s:+id real pro~~rty
and together with all proceeds of the com~ersion, ~-oluntary or im•oluntary of any of the forngoing into c:?sh or Iiquid:iteYi
cl.iims, including without limitation, proceeds of insurance and condemnation aw:~rds (the forngoinR said re:~l properh•,
tangible and int.~ngihle ~~ersonal pm~~erty hereinafter re(erred to as the 141ortgaged Yro~~ertyl- !~1ortR:iRor hereby ~ranis
to 1~lortgagee a security interest in the (oregoing descril?ed tan~ible:~nd intangible ~~ersunal pro~~ert~_
~ 'TO HAVE AND TO HOI.D the \tortgaged Property, to~ether with all and singular the tenements, hereditamcnts and
~ appurtenancrs thereunto belonging or in any~+~ise apl~ertaining and the re~~ersion and rnversions thereof and :ill the estatr,
f riRht, title, interest, homestead, dower and right ot dow•er, s~ par.+te esta#e, possession, claim a~d demand wh:dscever, :is
~ Kell in law a,g in equity, ot Alortgagor and unto the s:~me, and e~•ery ~wrt thereof, with the appurtenances o( A1ort~aRor in
E and to the s:ime, and e~•en• ~h~rt and par~•el thereof unto \iortFaRee.
€ ~lortgagor warrants thut it has a good and marketable title to :~n inde(easible fee estate in the `furtRaQeci Pm~x~rt>~
subject to no lien, charge or encumbrance except such as `lortkagre h:~s a~reed to acre~~t in w•riting and MortRagt~r co~-enants
th.~t this 1Tort~a~e is and µ•ill remain ~~alid :ind enforceable first morigaRe on the R1ort~aKeci ProF~erty subje~•t only to the
exceptions herrin provided_ A7ortgagor h:is tull power and law~ful authority b mort~:~Ke the MortRaRed ProE~erty in thc•
manner :~nd form herein done or intended hereatter to he done. T1ortRagor will presen~e such title and will (omver warrant
~ and drfend the same to 111ortg~Ree :~nd will fore~•er w:~rr~nt :~nd defend the ~alidit~ :ind priorit~~ of th~ lien herc~I :~Q:~inst
j the claims ot all ~~e~ns and {u~rties H~homsoe~•er. -
~
~ AtortRagor will. at the c~~t of Mort~aKor, and withouf ex~xnse to AturtRaRee, do, exc~•ute, ncknoH•IedKe and deli~•er all
~ and e~•ery such further acts, deecls, con~•eyane•es, mortRa~es, ac~iRnments, notii•es of :~~.ciRnment, tnnsfers and actiuran~•es ac
~ AtortgaRee shall (rom time to time r~uire in order to pre.sen~e the priority nf the lien of fhis ;~fortRaKe or to :ai•ilitate the
~ {~eriormance of the terms hereof.
s
O D OWEVER, that i( Atortgagor sh:~ll pay tu :~1ortKaKee the indebtedness in the principal sum of
~ 0~
3 as e~•idenced by that cert.~in promissory note Ithe Note?, o( even datr herewith, exe~vted h~-
~ ~lortgaRor and pa~~ahle to order of ttortgagee, ~•ith interest and u~>on the terms ~s pm~•ided therein, and together ~+iih all
~ other sums ad~•anced hy htortgaRee to ar on behalC of hlnrtgaQo lp~~ k:~nt to the Note or this MortRage. the final maturity
~ date o( the Note and this ~tortgage beinR Oetober 16 ~ tf ,;~nd shall i~ertorm all othcr co~~enants and
~ conditions of the Note, all of the tenns ot whi~•h Note are ~ncorEwrated herein by re(emnce as thouRh set forth fully here-
~ in. :~nd of any renewal, extension ~rr moclifi~:ition, themof and o( this 111ortK.~~;e, then ihis ltortRaRe and the estate hereh~•
4 ~•reated ~h:ill cease and terminate.
q
AtortRaRor further ~om•enants and aRr~ wifh :11or1R.~Ree~ as tolloH•s:
i 1. 'I'o ~~y .ill sums, including interest secvred hereby when due, as providecl (or in the Note and any renew~al. extension
~ or modi(ication thereof and in this :~1ort~age, all such sums to t~e payable in l:~wful money of the tlnited States of Ameri~•a
~ at Atort~aRee's aioresaid prin<-ipal o(tice, or at guch other place :~a ~tort~a~ee mav desiRnate in writinQ.
' 'l. To pay when due, and «~ithout requirir~ any notice from ;~tort~ugee, all taxes, assessments o( any ty~~e or n:?ture
_ and other charges le~~icd or assessed against, the ~1lortgaRed PmE?erty or this :~lortgaRe and produce receipts therefor u{ron
= demand. To immeeliately p:~y and disch:+rRe :~ny claim, lien or encumbrance against the 14tort~aqed Pro~~eriy v?•hich may t~c
or I~come su~~erior to this Atortg:+Ke and to ~~ermit no detault or delinquency on am• other lien, encumbrance or charRe
:~~:~inGt the 1~tortRaged Pro~~erty_
~ 3. I! requirecl hy MortKaKc~c~, to also make monthly de{x~sits with ;~iortQa~ee, in a non-interest bearing account, tu-
:ry ~ether with and in addition to interest and principal, ot a sum equal to one-twelfth of fhe yearly taxes and assesgments K~hich
- may be levied against the MortgaKed Property, and (i( so required? one-tweltth of the yearly premiums for insurance
'3 thereon. The :~mount of surh taxec, as.gessments and premiums, w•hen unkno~vn, shall be estimated by Mortg:~Ree. Such
~ dP~W31tR shall be used hy htort~aKee to pay suc•h tax~, a~.tieccments and premiums when due. Any insufficiency o( such
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