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Home My WebLink About0239 , r _ MORTGAGE DEED AND SECURITY AGREEMENT ' TIi1S AtUF27'GAGE Dl:h:l) (the 1~1ortRaKe1, dut~~ci ax of Jan. 6 , ly 78, by :u~d IK•tw~ti~~~ JACOBSON-REA, INC. ihereinatte~rull~d 111oriF:~gur) and SUN BANK OF ST. LUCIE COUNTY ' h`~~1OK'~~~ officeul 111 Orange Avenue, Frt Pierce , h~lorid:~ (hi~n•inufl~~~cull~vl A1urtKaKeri: WITNF.SSF.TH, thnt in consider.~tion of the pnmi~y und in order to secum the ~u?yment of iwth the princi~xi) of, :ind intemst ~nd any other sums {x~yuhle on the note (as hereinufter definedl or this Tlortguge und the per(urmani•e :~nd oh- sen~nnce of all ot the provisiona hereot and ot said note, 111ortgag~~~ herehy grants, sells, wnrrunta, »liens, remises, rele:~ses, con~•eys, assigns, trnns(ers, mortgagi~x and sets over and ~•onfinna unto I11ortQaRee, .ill ot I11ortRuRor'y eat.?te, ri~ht, tiUe :~nd interest in, to and under all thal ~~eriain reul pro~~erty aitu.U.~ in Cuunty. Floridu mure p:~rtirularly deseritmd ~a (olloH•s: The North 120.05 feet of the East 250 feet of Lot 42 and the South 4.5 feet of the East 250 feet of Lot 43 MARAVILLA GARDENS UNIT ONE; according to the ' Plat thereof as recorded in Plat Book 6, Page 55, of the Public Records of St. Lucie County, i'loriua. ~ c" -T- ~ t ~ ~ • - - , RlC0111~ ~ ~ M P~yn~ent 01 Taxes l . C:. ~ ~ +r t" ' , ; ~ ~ . : . ~ = U M E N T A F•• ~ : , Y,;. ' " ° ( Due On Clau "C" Int~n~iMs Prttor~l Property. ` - _ ~ ::E ~ L•~J~ f.lt+~c'`' ~ r T h~LK 7~• ~ ~ ~8~~. - ~ . Pu suant a C ~ ~ - _ , ~N - 3' 16 ~t { 5 Q ~ ~ RO(3ER P011RAS ( . m~ r-- _ o~. ^ ~ _ ~ ~ - I• C~e~R C~?cun Cou~. S~ LucN. Co.. FI~ 'C(KF.THER WITH .~il impro~•e~me~nts now or hereatter 1«•atec! on s:~id mat pro~~rrty :uid all (ixtures, appliun~•c•~, apparatus, equipment, heating and .?ir ronditioning equipment, machinery and articles ot Exrsonal pro{x•rt~• and replacement thereof (other th:~n those owned by lessees of said real pm~~erty) now or hem.i(ter :~ttixed to, att:u•hecl to, pla~•cd uE~on, or used in :~~y ~:~y in connection with the complete and com(urtable use, oc•cu~k~ncy, or oper.dion o( s:~id re.il pro~~erh•, all licenses :~nd Fx~rmits u_sed or requirecl in connection w~i/h the use o( said re:~l pro~~erty, :ili le:~ses of said real pm~~erty now ~,r hereatter entered into und aU right, title ~nd inlerest of Mortg:~gor thereunder, im•IudinR without limitation, cash or sr~vri- ties deposited thereunder puruant to s:iid leases, and all rents, issues, proceecls, and profits accruing frum s:~id reai pro~x:rty and together with all proceecls of the com•rr~ion, ~•oluntary or imolunt.iry of any o[ the (oregoing into cash or liyuidatE~cl claims, including without limitation, proc•eeds of insurunce and condemnation aK~ards lthe foregoing s:~id real pn>E~rty, tangible and int~~n~ible E~ersonal pru~~erty hereinafter referrcd to as the ~lortg:~Red Yro~~erty?. Mor~~aRor herehv Rrants to Mortgagee a security interest in the foreRoinR descritxci t.~ngible and int:~ngible ~~ersonal prol>erty~. 'I'n HAVE AND TO HOLD the 141ortR.~Reci Pro~~erty. t~ether N~ith all and singular the tenements, heredit:~ments :~nd appurlenances thereunto belonKing or in anywix up{~ert:~ininR .snd the reversion and reversions thereot and all the esiat~~. ; ri~ht, title, interest, homestead, dower and right o! dower, sep:~r.ite estate, Ewssessiun, cl:iim and dem:~nd whatsoever, a. ~ well in law as in eyuity, of I~1ort~aRor .~nd unto the s:+me, :ind e~•ery part thereof, with the appurten:~nces o( T1ortRaRor in ; :~nd to the ~~me, and e~~ery part .~nd ~~.~mPl ther~f unto D4ort~aAee. ~ Alortgagor w•arrants th:?t it has u Rood and marketable title to :~n indFfeasible fer t~st.~te in the ~tort~aR~~cl Ym~r~rt~• subjei•t to no lien, charRe or encumbr:~nce except such as AtortRaKee h:~s .~Rreed to accept in writing and Mort~agor co~•en:ints that this 111ortg~ge is and K•ill rem~in a~~alid and enfon•e:~ble first mortgaRe on the ~fortga¢ed ProE~erty subject only to the ~ exceptions herein pmt~ided. 11TortRagor has full ~~owe~r and laK~ful authority to mortgage the MortRaKed Pro~x~rty in the j munner and form herein done or intended hereafter to be done. hlortQaRor r~?•ill presen•e su~•h title and ~ill forever warrant ~ and de(end the s:ime to ~7ortgaRee and will (om~~er w:~rr:int and detf~nd the~ ~-alidit~~ and pri~rity o( th~ lien hemnf :~Rainct the ~•laims ot all ~x~rsons and parties ~+homsoe~~er_ :4tortgagor will, at the cost of hlortg:~~or, and without ex~~ense to 11ortQa~ee, do, execute, :~cknowled~e and deli~•er :dl ~ :?nd e~-ery sach further 1cts, deecls, con~•eyances, mortKaRes. a~sSiKnments, notices of as~iKnment, transfers .~nd assurani•es :i~ ~ MortRaRee sha11 fmm time to time n~c~uire in order to pn~n~e the priority of the lien of this Atort~:~~e or to [:~cilitate the ~~er(orm~nce of the terms hereof. ~ YROVIDF.D, NOWF.VER, th.it if \1ortK:~Ror shall p:w to \1~rt~:~~;ee the indebtednecs in the principal sum ol S 100~000.00 as e~'idenc•ed by that i•ert~in pn~mic~ory note (the Notel, o( even date herewith. executed tri~ ~ ;~tortRagor .~nd (r.+yaMe to order of MortgaRee, w•ith interest and upon the terms as pro~~ided therein, and together with all ~ nther sums ad~'ani•cd by 141ortgaKee to or on behalF o( hlortkaKor pursuant to the :~ote or this ~4ortgage, the Ein~l maturily ~ Anri 1 1_ 7 9RR , and shall perform all other coven:ints and date of the Note and this ~iortg:~ge bein~ z ~ conditions o( the Note, all ot the terms ot ahich Note are inco~F~rated herein by re[erence as thou~h set forth tully here- ~ in, :~nd of any mnew~al, extension or moclification. thereot and of this ~1nrtKa~e, then this Atort~aKe and the estate hereby ~ ~•reated shaU cease and terminate. ~ ~tortKaRor (urther conven:+nts and aRrees with MortRa~ee :iS ~(IIIOK'S: ~ ~ 1. To p<~y ~ll sums, includin~ interest secured hereby w~hen due, as pruvided for in the Note and any renewal, extension ~ nr modification thereof and in this ;ltortK•~ge, all such sums ta i~e p.~yable in law~ful money of the Lin~teci States of America ~ at ~1ortRai~tee's :~foresaid principal office, or at such other place as tilort~aKer m:~y designate in w•ritinq. ~ 'l. To puy whrn due, and ~+•ithout requirinR any notice trom ~lorigagee, all taxes, .issessments o( any ty~~e or naturc~ 3 and other charges lecied or :~ssessed aKainst the Mortg:igecl ~'ro{~erty or this ~tort~aRe and produ~•e receipts there(or u?wn demand. To immediately pay and discharRe any claim. lien ar ene•umbrance :~Rainst the 14tort¢aged Pro{~erty which may tx~ ~ or t~ecome su~~erior to this MortgaQe .~nd to ~~ermit no de(ault or delinquen~•y on any other lien, encumbr.~n~•e or charKe = :~~;:~in~t the A1ortK.,Red ProE,er~y- ~ ~ ? 3. If reyuirc~cl by 1ltortKa~;er, tu also make munthh~ de{x~sits ~~ith ltortkaKee, in a non-interest I~earinR acc~~unt, to- = Kether K~ith and in addition to interest :+nd principal, of a sum equal to one-tw•elfth of the yearly taxes and assessments whi~h m.iy t~c Ic~•ied aRainst the A1orfRaKed ProE~erty, and (if so reyuiredl one-tw~el(th of the yearly premiums for insur.~nce - thereon. The amount o( such taxes, .~ssessments and premiums, when unknow~n, sh:~ll F?e estim:~ted by ~torlRagee. Such de~x>sits shall I~e usecl by 111ortRaRee to p:iy such taxes. .~ssessments and premiums when due. Any insuf(iciency of such ' ~i ~ ~~~0 ~ 239 ~ _ . .