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Home My WebLink About0589 i ~o~s~ 1 MORTGAGE DEED AND SECURITY AGREEMENT TN1S MUliTGAGE DEkD (the Mortguge), duted ~~s of Dec. 15. , 19~~ , hy ~~nd l?etwrr~ ~?ERTtiA~KALLET AND CYNTHIA K. CIACCIO, as~ JOINT TENANTS with rights of survivorship Iheminu(ter r:ilic~1 hlortRi+Ror) und SL1N BANK OF ST. LUCIE COUNTY _ , h.~~•inK :~n o(fi~r:~t 111 Orange Avenue, FOrt P1erCe . Florida lhe~eiiu~fter ~•:~Il~d MortK:~g~Y•1: WITNESSETH, tha~t in conaiderution of the premises und in order to secum the ~~:ryment of both the princi~~:il of, und intereat nnd any other sums p.~yable on the note li~s hemin~ifter de(inedl or this Mortg.~ge nnd the ~xrtormunce and ob- sen~t~nc~e of nll ot the provisioag hereot n~d ot s:iid note, Alortgngor hemby Krnnts, sells, wnrn~nts, uliens, remises, releas~s, com•eys, assigns, tr.insters, mortgages and sets over ~nd confirnis unto A'fort~agee, ull of 111ortgugor's estate, riRht, title ancl interest in, to and under :~II th~t certain rHUI E>mEx~rty silu.~ti~ in St Lucie ~~~~intV, Florid:. more ps~rti~•ul:~rly describecl .is tollows: A Condominium parcel designated as Apartment No. II-205 of INLET HOUSE CONDOMINIUM APARTI~NTS, Building No. II, a Condominium according to the Declaration thereof, dated January 27, 1972 and recorded in Official Records Book 199, at pages 623 thru 699, inclusive of the Public Records of St. Lucie County, Florida, together with all the appurtenances thereto, all according to said Declaration of Condominium. t-- - - - Rece?ved 8~~•~~ In Payment Of Taxss ~T'ATE rL~?r~?`_~.'.1 o cass "C" Intenflible PersonelPropsrly, t~ r?~: `fJMf!`TA1tY _ 5!'. N: ~~?suant To Chaptet Tl. 134 Acts Q( 971 _1CY ~(i> -:'tlkNU~ ~ ~ I • ~ , `n _ .~a~ c ~•~a l~~ ~ 1 ~ f RUGER POlTRAS ~ °g - ~ - } Cler~, Cirtuit Court, St. LuCie. Co., F1a. o -:~~c TOGE'THF.R WITH :~11 im~~rovements now or herc:i(ter Irx•uted on s:~id re:~l pro~~erty :ind ali fixturrs, cippli:in~•~•.. app.~r.~tus, equipment, heating and air conditioning equipment, machinery and articles of {?ecsonal pro{~erty and rnpl:icement thereo[ (other tht~n those ow•ned hy lescees of said real property) now or hematler a(fixed to, attached to, pla~~ec! u{x~n, or u5ec1 in :~ny way in connection w•ith the ir~mplete :~nd com[ortable use, cx~cup:incy, or o{>eration o( s:~id real proE~erty, all licenses and ~~ermits used or required in connection v?•ith the use ot s:~id reai property, all leases of s:~id real pro~~erty no~• or hereatter entered into u~d all right, t:de and interest of MortRaRor themunder, includinR without limitation, cash ur ~curi- ties de{~osited thereunder pursuunt to said leases, and all rents, issues, proceeds. :+nd profits accruinR from said real pro~x rty and tugether with all pra•eeds o( the i•onversion. ~~oluntary or im•olunt:~ry of uny ot the toregoinR into cash or liquidateci claims, including without limitation, proceeds of insurein~•e and condemnation :~w.irds (the foreRoinR said real pm~~erly. tangible and int.ingible personal pm~~erty hereinafter referred to as the MortgaRed Pro~~ertyl. 1~1ort~a~or hereby ~rants I to ~lortga~ee a sec•urity inter~t in the (omgoinR descrit~eci tangible and intangible ~~ersonal property. ! TO HAVE AND TO HOI.D the Mort~aRed Property, together with all and singular the tenements, hcreditamentc and ~ ~ppurtenunces themunto t?elonging or in anywise apE~ertaining and the re~~ersion and rn~~ersions thereof and all the estate. riKht, title, interest, homestead, doN•er and right of dower, separ.~te estate, possession, claim and dem.~nd ~+~hatsce~~er, :i~ well in l:~w as in equity, of Mort~a~or and unto the s:ime. and e~~ery part therec~f, with the appurtenances o( I~1ortR:~Ror in :~nd to the c~me, and e~~ery part and par~el thereof unto 1~1ort~aRee. ?1lortgagor warrants that it h~is a gcN~ and m:irketable title to an indefeasible (ee est:ete in the ~1ortRaKec1 Yro{x~rlp cubject to no lien, charge or encwnbrance except such as 111ortgagee h:~s agreed to accept in writing and MortRagor covenants ~ that this Aiortg.~ge is and K~ill nmain a ~:ilid ~ind enforceable tirst mortgage on the hlurtga~ed ProE~erfy subject only to the ~ exceptions hemin pmvided. rlortgaRor has full Ex~K~er and laK•(ul authority to mort~age the 111ortg:~gec1 Property in the ~ manner and (orm hemin done or intendecl herea(tcr to be done. lllort~aRor ~•ill presen•e such title and wiU (ore~•er warrant ~ ~1 and de[end the c~me to MorlRaRec and will tore~~er ~~•arr~nt and defend the ~•alidity and priority of the lien hereof aKainst , ~ ,~-r the claims of all perscros and parties whomsoever. a x ' Mortgagor will, at the cost of Mortga~or, and without ex{~ense to \tortgagee, do, execute, acknowlc-~ige and deli~•er ull ~ and e~~ery such further acts, deecls, con~~ey.inres, mortKaRes, assiRnments, notices o( as.ciKnment, transfers and assuranc-es as ~ Mort~aRee shall fmm time to time mquire in order to pre.Ren•e the priority n( the lien of thig AtortR:~Re or to-iacilit~t~ the ~ ~~erformance o( the terms hereoL ~ PROVIDED, HOWF.VER, that if 11ortRaRor sh:ill pay to !14ortR:i~;ee the indPhtednes~ in the principal sum o( z S17.,.500.00 as e~~iden~ed hy fhat certain pmmicsory note Ithe Note), of e~~en d.ite herew•ith, executed by ~ :~lortgagor and payahle to order of llortQagee, w~ith interest and upon the terms ac pm~•ided theiein, and toRether w~ith all other sums ad~~anced hy htortgagee to or on behalt o( htortRa~or punu.~nt to the Note or this Mortk:~ge, the final maturit>• ~s date of the Note and this ~tortgaRe t~eing EPh 1, ~ 9A~ , und shall ~~ertorm all other co~•en.ints and ~ conditions of the Note, ull of the terms o[ which I~'ote are incor~x~r:~ted herein b~• reference as thou~h set forth fully here- r~ in, and of any renewal, extension or mrxiific~tion, thereof and of this ~1ortRage. then this '~tortRaKe and the esiate hereb~ y~ created shall cease and terminate. , ~ M~rt~aRor further convenants and aRrees ~ith 1~1ort~;aRee :15 ~n~IOw'S: ~ l. To pay all sums, includin~ interest securecl hereby when due, as provided for in the 1Vote and any renewal, extension or mocli(icateon thereof and in this MortRage, all such sums to be payable i~ law•tul money of the United States o( Ameri~:i ~ ~ at 141or1RnQee s afores:~id prini•ipal offi~•e. or at surh other place as 14tortRaRee ma~• desiRnate in writinR. ~ ~ 'l. To pay when due, and w•ithout requiring any notice from :~tort~agee, ~ill taxes, assessments o( any ty~~e or nature " and other charges lecird or assessed .~Rainst the hlortg:~ged Property or this btortgage and produce receipts there(or upon demand. To immediately pay and disrharRe any claim, lien or encumbrance a~ain~t the 1~tortgaRed Pro~?erty whirh may be or hecome su{~erior to this 111ortg:iRe and to ~~ermit no def.iult or delinquency on an~ other lirn, encumbr~n~•e or charge ;7 :~~.~in~t the Mort~aged ProF~erty. 3. If required by MortRaRee. to also make monthl~• de~?osits with hiortK:igee, in a non-intemst trearing account, tn- gether with and in addition to interest and principal, ot a cum equal to one-twelfth of the yeatly taxes and :~.ssessments which may I~e levied against the ~iortgaged Property, :~nd lif so requiredl one-twelfth ot the yearly premiuma (or insur.+nce = thereon. The amount of such taxes, .~4seasments and premiums, when unknow•n, shall be estimated by I~iort~aQee. Such de~wsits shall be useci by A1ortRaRee to ~~y su~h tazes, asses.sments and premiums ~+~hen due. Any insu((iciency of such 4~ t _ ~i - 280 r,«E 5 , ~ ~ _ _ _ _ ~ _ _ . ; _ - :~~s ~ _ - K-.:s _ ~ _ . _ ~ _ ~