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Home My WebLink About0557 394?1B ~ MORTGAGE DEED AND SECURITY AGREEMENT I~ THIS MORTGAGE DE~Q (the Mortgage), clxtad as ot Feb. 16 ~ ~9 ~a, by and i~tw~tio JOY YATES MORRISON, a married w~oman joined by her husband ALEX MORRISON (hereinattet crilicd Mo~tRagor) und SUN BANK OF ST, LUCIE COUNTY , huvinA :~n ottic~e uelll Orange Avenue, Fort Pierce, , Floridn ~herNinti(tcr ~•allecf Ma~tgaRee) : WITNE3SETH, ihat in conaiderution of the premia~ nnd in order to aecure the {x~yment of both the prinri{u~l ot, und interest t+nd any other sums pnyable on the note (ae hereinatter detined) or thia Mortgnge and lhe performancr und ob- scrvance ot aU ot the proviaiona hereot and ~ot eaid note, Mortgugor herehy grants, eells, warrunts, aliens, remises, releases, com~eys, nesigns, trans[ers, morigages and sela over and confirms unto Mortgagee, aU of 1liort~ugor e estate, ri~ht, tiNe nnd intereat in, to and under all that certain ~eal propeHy situate in St Ll~Ci4 (~ounty, F lotida more ~x+rti~•ularly described aa [oilows: Lots 5 and 6 of HARVEY SUBDIVISION, according to the plat thereof ~ as recorded in Plat Book 10, page Z of the Public Records ~ of SL. Lucie County, Florida. , _1 r~TE r. . ~ • ` Reoshrsd i • a . i• c N'a S e_ ~ f~~: _ Oue M~1t Of Tace~ , = L h_ ' ' . ~ErEh~~_ - - ~ - ~n C~fs "C.. ~~~~1R~ • - ~ . ~ - - ; pJ~JUS111 Z0 Ch~M 7~ ~ • : c : r1 po _ - . ~ . . -C . ~T'f ~ I 5. 3 t3 # . ~ A~ . ' ' ~=a'- ~*t ~ itfKiER P~OITMIA$ ~ : ~ a - ' ` ' ' - ~ (~IM~ CItCUA CONf1, $t. 1'O('ETHER WITH all improvementa now or heres+fter located on a:~id real proF?erty and al) fiYtures, applianc~s, apparatus, equipment, heating and air conditioning equipment, machinery and articles ot personal property and replncement thereof (other than those owned by les,gees of said real property) now or hereatter attixed to, attached to, placed upon, or u.4ed in any way in connection with the complete and comfortable use, occupancy, or operation of said real property, :ill licenses and permits used or required in connection with the uae of said real property, all leases ot said rnal property now or hec~eafter entered into and a!) right, title and interest of Mortgagor thereunder, including without limitation, cash or ~•uri- ties depoeited t6ereunder pursuant to said le~ses, and all renta, iseues, proceeda, and profils accruing trom said real property and together with ail proceeds o( the converaion, ~•oluntary or involuntary of any of the (oregoing into cash or liquidated daims, including without timitation, proceeda ot insurance and condemru~tion awards (the torngoing said real property. tangible and intnngible personal pmperty hereinafter rnfernd to as the Mortgaged Property). Mortgagor hereby Kr.~nts - to Mortgagee a security interest in ihe toregoir?g described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with ail and singular the tenements, l~eredit~iments ~nd appurtenances thereunto belonging or in anywise appertaining und the reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of dower, separnte estate, possession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the s~me, and every part thereof, with the appuHenances of Mortgagor in :~nd to the same, and e~ery {~rt and E>arcei ihereof unto ~1or.gaRee. Mortgagor warrants that it has a good and m~rkelable title to an indefeasible fee estate in the Mortgagecl Pro~~erty subject to no lien, charge or encumbrance ezcept such as blortgagee hns agreed to accept in writing and Morigagor rovenants - t6at thi.a btorigage is and will remain a valid and en(orceabie first mortgage on the Mortgaged Property subject only !o the exceptions herein provided. Ttortgagor hua full ~wu•er and lawful authority to mortgage the Mortgaged Properly in the manner and torm herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant and defend the same to Mortqagee and will forever warrnnt ~nd deferxi the validity and priority of the tien hereot against the claims ot all persons and parties whomsoever. Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, e:ecute, arknowledge and deli~•er :il1 :~nd every such further ncta, deeds, ironveyances, mortgaRes, assignments, notires ot assignment, transters an8 assuranres as Mortgagee shall fmm time to time require in order to presen•e the priority ot the lien ot this 1ltortgaRe or to facilitate the - per(ormance ot the terms henof_ PROVIDED, HOWEVER, that it ~11ortRagor sh:~ll p.+y to AiortgaKee the indebtedness in the principai sum of ~ 10.200.00 as evidenced by that certain promissory note (the Note), of even date herewith, executed hy A'fortgagor and p:iyaMe to order of Mortgagee, with interest and upon the terms as pm~•ided therein, and together with all other sums advanced by Mortgagee to or on behal( ot 141ortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being ,,~;_~_}g88 , and shall pertorm all other covenants and conditions of the Note, all of the terms ot whic6 Note are incorporated herein by mference as though set forth tully here- in, and of any renewal, eztension or modific~tion, thereof and o[ th~s MoriRage, the~ this l~tortgage and the estate herehy cmated shall cease and terminate. Mortgagor further convenants and agrees with Mortgagee as fotlows: l_ To pay all sums, including interest secvred hereby when due, as provided tor in the Note and any renewat, extension or moditication thereot and in t6is Mort~age, all such sums to be payable in lawtul money o! the United States of America - '.~t MartRnqee's aForesaid principal offii~e, or at surh o}her place :?s MortRaRee m~y designate in writing. ~ : 2. To pay when due, :~nd without requiring any notice irnm Mortgagee, all taxes, aasesements ot any type or nature and other chargea levied or aaseased against the Mortgaged Property or this 1liortgaKe and produce receipts therefor upon demand. To immediately pay and discharge any claim, lien or encumhrance aga[nst the Mottgaged Property which may be or F?rcome superior to this Mortgage and to permit no defaalt or delinquency on any other lien, encumbrance or charRe - :iRaiost the Mortgaged Property. . 3. It required by MortgaRee, to also make monthty depoaits Kith MortgaRee, in a non-internat bearing arcount, to- ' qether with and in addition to intereei aad ptincipal, of a sum equal to one-lweltth oE the yeariy ta:es and aavessments which - may F?e levied againat the Mortgaged Property, and (if so required? one-tweltth of lhe yearly prnmiums tor insurance thereon. The amount of sach taxes, asaessments and premiuma, whep unknown, shall be estimated by Mortgagee. Such deposita shnll be uaed by. biortAaRee to pay such ta:es, assessments and premiums whe» due. Any insutticiency ot such ' -1- ' . - ~'~Rx~~~ ~~~ft 5~9 ~ ~ . . _ - _ - _ _ .a-.