Loading...
HomeMy WebLinkAbout0597 3~~1'~'! ~ ! ~ ~ MORTGAGE DEED AND SECURITY AGREEMENT ~ THIS MORTGA(iCs D~ED (the Mortguge), dated a~ of Harch 8, ~ 19 ~ 8 by ~nd betwecn Marie M. Jackson, formerly known as Marie Manning, formerly Marie Durham (hereinalter culled Mortgt?gor) and SL1I1 Bank Of St . Lucie COUAty .~ving i~n ot(ice at 111 Orange Avenue, Fort Pierce, . Florida (hereina(ter called Morlgagee): WITNE93E'1'H, that in consideration of the premises and in otder to s~rure the payment o( both the principal ot, and interest and any other sums payable on the note (aa hereina[ter deti~ed) or this Mortgnge and tbe pertorma~ce and ob- servance ot all ot the peovision~ hereot and ot said note, Mortgaaor hereby gtanta, sells, warrants, aliena, remises, releases, conveya, aesigns. transters, mortqases and seb over and contirn~s unto Mortgasee, all ot Mortgagor a eatate, riRht, title a~d intereat in, to and under all that certain real property situatein St. LUC1@ County, Florida more parlicularly described as follows: . Lot 1 and Lot 26, Block l, Franklin Park Addition as per Plat thereof recorded in Plat Book 6, paqe 56 public records of St. Lucie County, Florida. " • c; - T" - ~ ~ ~ ~ ~ i , t~ = ~ Recehred s ~ ~ In PaYmsnt Ot Texp ~ r'~ . r. . ~ue On Class "C" Intanpibls Psrsonal PropKty ~:_:~/YSE'JIAR`! S~~; M F ~ / t~~:~, :;-~~.vt_h~~:' ~ pu?s~~ant To Chaptsr 71. 134, Acts Of 1~71~ • - :s`=~° ` ~ 9. 5 O ~ ROGER POiTRAS ~'s+l ' ^ ~ ~ = ~ ~ . ~ . , l o ~ C t"r'`: f 6 ' ~ ~ ~M CRC0~1 r.p1111~ st. LtIC~ CO.~~ _ . ` " .J _ _ 'I'OGETHER WITH all improvements now or hereatte~ located on said ceal property and all ti:tures, appliances, ap{~ratus, equipment. heating and air conditioning equipment, machinery and articlea of petaonal property and replacement theteof (other than those owned by lesaees of said real pmperty) now or hereatter affi:ed to. attached to, placed upon, or ~ • used in any way in connection with the complete and comtortable uee, occu{rancy, or operation o( said real property, all licenaea and petmits ueed or required in rnnnection with the uae of said real property. all leases oi said real property now or hereafter entered into and all right. title and intereat ot Mortgagor thereunder, including without limitation, caah or securi- tiea depoaited thereunder purauant to eaid leaaes, and al! rents, issues, proceeda, and pro[ifa accruing from aaid real property and together with all proceeds of the co~version, voluntary or involunfary ot any of the foregoing into cash or liquidated claims, including wiWout limitation, proceeds of insurance and condemnation awarda ~Ithe toregoing said real property, tangible and intnngible petsonal propetty hereinnfter referred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a aecuritp intereat in the totegoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgnged Property, together with all and singular the tenements, hereditaments and appurtenancea thereunto belonging or in anywiae appertaining and the reveraion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of dower, separate estate, po~sesaion, claim and demand whatsoever, as well in law as in equity, o[ Mortgagor and unto the same, and every part thereof, with the appurtenances of Mortg~gor in , and to the same. and every part and pamel thereof unto Mortgagee. Mortgagor warrants that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Property subject to no lien, charge or encumbrance e:cept such as Mortgagee has agreed to aceept in writing and Mortgagor cpvenants f that this Mottgage is and wilt remain a valid and enforreable first mortgage on the Mortgaged Property subject only to the ~ eYCeptions herein provided. Mortgagor has tull power and lawful authority to morigage the Mortgaged Property in the f manner and torm herein done or intended hereafter to be done. Mortgagor will preserve such titie and will (orever warrant ~ and de[end the same to Mortgagee and wil) forever warr~nt and defend the validity and priority of the lien hereof against ~ the claims of ali persons and partiea whomscever. ~ ~ Mortgagor will, at the cost of Mortgagor, and without e:pense to Mortgagee, do, execute, acknowledge and deliver ~11 ~ and every such furt6er acts, deeda, conveyances, mortgages, assignments~ notices ot assiBnment, transters and ass~urances as Mortgagee ahall ttom time to time require in order to preserve the priority of the lien of this Mortgage or to tacilitate the ~ performance of the terms hereof. ~ PROVIDED, HOWEVER, that it Mortgagor shall pay to Mortgagee the indebtedness in the principal sum ef ~ s 131 ~0 as evidenced by lhat certain promissory note (the Note), of e~•en date' herewith, executed by ~ Mortgagor and payable to order of Mortgagee, with interest and upon the terms as pro~ided therein, and together with all other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant fo the Note or this Mortgage, the tinal msiturity ~ date of the Note and this Mortgage being ~~?r? 1 13,~ 1993 ~ and shall pertorm all_ other covenants and ~ conditions of the Note, all of the terma ot which Note are incorporated herein by reference as though net forth tully here- in, and ot any renewal, extension or moditication, thereo( and of thia Mortgage, then thia Mortgage and tfie estate hereby ~ created shall cease and terminate. a ~ I~tortgagor further convenanta and agrees with Mortgagee as followa: ~ 1. To pay a11 sums, including intetest secured hereby when due, as provided for in the Note and any renewal, eztension ~ or modification thereof and in this Mortgage, all such sams to be payable in lawful mQney of the United States of America ~ at Mortgagee's afocesaid principal ottice, or at such other place aa Mortgagee may designate in writing. ~ 2. To pay when due, and without requiring any notice from Mortgagee, all ta:ea, assesementa of any type or nature and other charges levied or aasessed against the Mortgaged Property or thie Mortgage and praduce receipta theretor upon ; demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Pmperty which may be = or become superior to thia Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge F ~ :~gainst the Mortgaged Property. ~ r r 3. If required by Mortqagee, to also make month{y deposits with Mortgagee, in a non-interest bearing account, to- : ~ gether with and in addition to intereat and principal, of a sum equal to one-tweltth of the yearly ta:es and asaessmenta which ~ ~ ~ may be levied against the Mortgaged Property, and (i[ so required) one-twel(th of the yearly premiums [or insurance thereon. 'I'he amount ot such taxes, aseesementa and premiums, when unknown, shall be estimated by Mortgagee. Such ~ deUosita ahall be uaed by Mortgagee to pey anch tazes, asec~xments and premiums when due. Any inaufticiency ot such ~ T`;c .-t . . . ~ ~ .3~~~j .t',.~st~ i~' ,,t : ( ~ . . . . . . . . . _ : < vpnK 2~~ F'ALE 5~71! . ~ CAROL FORE _ ~ ~ ~ ~ _il . r,.?1 t:~ri~F. tL~~Kii~~ . . ~ ~ . . . _ . . _ . ~ _ _ 'a`. .