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MORTGAGE DEED AND SECURITY AGREEMENT ~
THIS MOR1'GAGE DEED (the Mortga~ge), datEd ot January 6 , 19 78, by :~nd hetwt~c~
Jane M. Black, joined by her husband, Lonnie C. Black
(hercinu(ter ~•,~Ilcd 141ortgugor) and $L1A Bank Of $t . Lucie COl1At1? , hi~ving an
ottice~~t 111 Orange Avenue, Fort Pieree, . Florida Ihereinafterc.~lic~c! ~lortk:~~;~~r1;
WITNESS~'1'H, thnt in considerition ot the premiaes and i~ order to sc~•ure the {u~yment of F?oth the princi~k~l of, :~nd
interest and any other sums }wyt?ble on the note. (~~x hereinatter de(inedl or this 111ortgage and the {~er(ornuince iind ob-
sen~~nce o[ nll ot the provisions hereot And o( suid note, tltortgugor hereby grnnts, selts, warr.ints, atliens, remises, releuus,
conreys, aasigns, trnnsters, mortgages and seta over xnd confirma unto 1~1orlgaRee, ~11 ot Mortg.igor's est~te, riRht, title i~nd
entereat in, to and under al) th:it rnrtain rc:?1 pn~}~erty sitoutein St. I+UCle (~~unly, Floridu more {k~rti~•ularly
descrihed as follows:
Lot 10 and the S~ of Lot 8, Block 4, revised plat
of Riverview Subdivision, as per plat thereof on
file in Plat Book 6, page 60, of the public records
of St. Lucie County, Florida.
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T(X'FTHER WITH all improvements now or here.i(ter lcx-ated on s:~id mal pro~~erty and all fixtures, ap{di:ince..
apparatus, equipment, heating and air conditioning equipment, m.iehinery and aNicles uf person:+l property and replacement
thereof {other than those owned by lessees of sa?id real pro~rerty) now or hereatter aftixed to, .itiached to, E,la~•ed upon, or
used in any way in connection with !he complete and comfoxtable use, oc-cu~~ancy, or o{~er.~tian of s:~id mal properh~, :?II
licrnses and permits used or required in connection with the use ot said real property, all leases o[ said mal pro~rerty noH nr
hemafter entered into and all right, title and interest ot Mortgagor themunder, includinq without limitation, cash or ~vri-
ties de{~osited thereunder E~ursuant to s~id (eases, and al! rents, issues, proceeds, and protits accruing from snidmal pro~rty
:+nd together wilh all proceeds ot the com~ersion, ~•oluntary or involuntary of any o[ the loregoing into cash or liquidatrcl .
cl~ims, including without limitation, procee~s ot insurance and condemnation awards (the foregoing said mal pro~~erty,
tangible and intangible personal pro~~erty heteinafter teferred to as the Mortgaged Pro~ertyi. Mort~aRor he~ehy Rr:~nt.
to Mortgagee a security interest in the toregoin~ desc•ribed tanRible and inlanRible ~~ersonal property.
TO HAVE AND TO HOLD the 1~lortg:~ged Pro~~erty, tcg;ether with all and singular the tenrnzents, hereclit.~ments a~d
~ appurtenances thereunto helonging or in anywise appertaining and the re~~ersion and re~•ersions thereof and aU the estatc,
riRht, title, interest, homestead, dower and right o( dow~er, separ~te estate, possession, clnim and demand wh:~ts~ver,
'E well in law in eqUity, of Mortgagor and unto the same, and every part t6ereot, with the :~ppurtenances of 1liort~aRor in
and to the same, and e~•ery ~~.~rt and ~kircel thereof unto 1~•tort~aRee.
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' biortgagor warrants that it has a good ~nd market:~ble title to an indefe~~sihle fee e~tate in !he ;~1ortR:~Kc~c) Ym~~rte
sut~ject lo no Iien, cAarge or encumbrance except such as 1~1ort~:igee hus aRreed to accept in v~•riting and 111ortg:~gor co~~enants
that this hfortgaQe is and will mmain a valid and enforceable (irst mortgage on the ;14ortgaged Property subjeti•t only to the
exceptions herein provided. Mortgagor has (uU ~wK~er and law•ful authority to mortRage the 114ortga~;ed Pro{~rty in the
ma~ner and torm herein done or iotended hereafter to be done. Mort~a~or wi11 presen-e such tiHe and will forerer warrani
and defend the 4ame to Mort~agee and will foreti~er w,~rrant ~nd defend the validity and priority of fhe lien hereof n~ainct
, the claims of a11 persons and ~wrties whomsoever.
hlort~agor will, at the ~ost o! MortRagor, and without ex~~ense to Mortgagee, do, execute, acknowled~e and deli~•er all
and e~~ery such further acts: deeds, conveyances, mort~aQes, assiQnments, notices o( assiRnment, tr~ns(ers and as.4uran~-es as
:1lortgaRee shall from time to time require in order to pre~en•e the priority of the lien of this 14iortRaQe or to f~cilitate the
~~ertorman~-e of the terms hereof.
` Pl~(~V~I~~~j,• }~QWEVER, that if 1ltortRaQor shal! p:~y to ;ltortRaKee the indehtedness in the principal sum ol
4 ~ l~ v uu as evidencrd hy that cert:?in pmmicsory note (the Note), of e~-en date herew•ith, executed b~~
i 111ort~aRor and payai~le to order of Mortgagee, with interest and u{wn the terms as pmvided thernin, and together w~ith all
other sums advanced by Mortgagee to or on behal( of 1~tortRaQor punuant to the Note or this 111ortgage, the final maturity
date ot the Note and this Mortgage lieing - F@I]r ~a ~ 15; 99 , and sha11 pertorm all other cocenants and
cnnditions of the Note, alt of the terms of whii•h Note are incor~wr.?ted herein by re(erence:is thouRh set forth fully here-
in, and ot t~ny renewal, extension nr m~xfifiration, thereot and of this ~1ortKage, then this 14tort~ta~e and the estate hereby
i•mated shall cease and terminate.
MortRagor further convenunts and aRrees .~•ith :~4ortQaRee :~s tollows:
l. To pay all sums, including inferest secnred hereby when due, as ?~rovided tor in the Note and any rnnewal, extension
`r or modi(i~~ation thereof and in this :11ortRage, alt such sums to t.e payable in lawtul money ot the United States ot Amerii•:i
at A1ortQaRee s afotes:rid principa) o(fice, or at such other place as A1ortRaQee m:rv desiRnate in writinR.
'l. To pay when due. .?nd withoul requiring any natice trom i~lortgaRee, all taYes, asseasments of any type or nature
.~nd other charges levied or assessed against the 11urtgaged ProE~erty or this \lortgage and produce rFCeipts therefor upon
demand. To immediately pay and discharge any claim, Iien or encumbrance against the 111ortgaged Property w~hich may t?e
or berome superior to this btortg~Re and to permit no default or delinquency on :~ny other lien, encumbran~•e or ~•harge
:~Rainst the Mortgaged Property.
3. If required by 111ortRa~ee, to also m~ke monthly de{~osits with MortK:~~ee, in a non-interest be.iring ac~•ount, to-
~ether with and in addition to interest and princip:~l, of a sum equal to one-twelfth of the yearly taxes and ~ssessments K•hich
may I~e levied ageiinst the Mortgaged Yroperty, :~nd lit so required) one-twelfth of the yearly prnmiums for insuranre
thereo~. The amount o! such taxes, assessments and premiums, when unknown, shall be estimated by ;~tortRa~ee. Such
de~wsits sha4 be used by Mortaa~Ree to pay such taxes. as.Ressments and premiums:~uvhen due. Any insutticiency of such
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