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Home My WebLink About0365 3~'~y9~~: ~ ` . ~ . MORTGAGE DEED AND SECURITY AGREEMENT THI3 MORT(:AGE DE$D Ithe Mortgage), dated na ot Januarv Zf> ~ , 19 78, by t~nd belween Siegfried Wolter _ Ihereina[ter cnlled Mortgugor) und SII11 Bank of St. Lucie COl1Rty , having un o[(iceut 111 Oranqe Avenue, Fort Pieree, . F~oridu (hereinufteresilled Mortgug~e): WITNES3ETH, that in conaideretion of the premises nnd in order to necure the ~wyment ot hoth the princiFx~) of, and interest a~d any other aums payable on the note (ua hereinatter defirtec!) or thia Mortgage and the periormance nnd ob- servance of all ot the pcoviaiona hereot and of aaid note, hiottgagor hereby grants, aells, warrunta, aliene, remises, releases, conveye, xenigna, trans(era, mortgagea and sets over and contirms unto Morfgagee, aU ot Mortgagor a estate, riRht, title ~ind interest in, to and under al! thut certain mal pmperty situntein St _ Lt~c~i P County, Elorida more Ex~rticularly described as tollows: Lot 4, Block 9, Fort Pierce Shores, Unit No. 3, according to the Plat recorded in Plat Book 9, page ~19 of the Public Records of St. Lucie County, Florida. r T : = _ - . i . ' _ - ' • _ : ~ ~ . • - i 5 , ~ ; ; ~ i ~ _ _ _ . f . , ' M Ps,mnent a Tw. , lleoN~rsd s ~ _ Oue On Chss "C" I~tta~qibM Persotul PrOpKly. 1 PurweM To Ch~pIK 71. 134. Act+ 0~ ~71. ~ ~ . ~R Posrw?s - . \ c~ cKaa cou~e. s~. u~as, co-. Fa 'IYK'E7'HER WITH all improvementa now or hematter located on s:iid real properly and all tixturea, appliancrs, apparatus, equipment, heating and air conditioning equipment, mnchinery and articles of petaonal property and replacement thernoi (other than those owned by lessees of said real ptoperty) now or hereafter a((ixed to, attached to, placed upon, or u.ged in any way in connection with the complete and com(ortable use, oceupancy, or operation ot said real property, :~II licenses and permits used or required in connection with the use of said real properiy, all leases of said rnal property now or hereatter entered into and all right, title and interest ot Morigagor thereunde~, including without limitation, cash or ~ec•uri- ties deposited thereunder pursuant to said lexses, and ali rente, issues, proceeds, and profits accruing t~om said rea! property and together wilh al) ptoceede ot the ironversion, voluntary or involuntary oi any ot the toregoing into cash or liquidated claims, including without limitation, proc~.~eds ot insurance and rnndemnation awards (the toregoing said real property, tangible and intangible personal property herninafter referred to as the Mortgaged Property). Mortqagor hereby Rninls to Mottgaqee a security interest in the foregoing descrihed tangihle and intangible ~etsonal property. TO HAVE AND TO HOI.D the Mortgaged Property, together with all and singuiar the tenements, hereditaments :~nci appurtenances ther+eunto betonginR or in anywise appertaining and the reversion and reversions thereof and all ihe estate, right, titte, interest, homestead, dower and tight ot dower, separate estate, possession, claim and demand whatsoever, as well in Is~w as in equity, of Mortgagor and unto the same, and every ~~art thereof, with the appurten~inces of MortgaRor in and to the same, and every part and ~k~rrel thereof unto MortgaRee. Mortgagor warranta that it has a good and marketable title to :~n indefeasible tee estate in the :14ortg:iged Pm~~eriy subject to no lien, chatge or encumbrance, except such as Mortgagee has agreed to accept in writing and Mortgagor covenant~ that this Mortgage is and will mmain a valid and enforceable first mortgage on the Mortgaged Ptoperty subject only to the ezceptions hetein provided. Mortgagor has full power and lawful authority to mortgage the Mortgaged Pro~~erty in the manner and form her.ein done or intended hereafter to be done. Mortgaqor.will preserve such titie and wiil forever warr~nt and defend the same to MortRagee tind will forever w.~rr:~nt and detend the validity and priority of the lien hereot aRainst the claims o( all E~ersons and parties whomsoever. htortgagor will, at the cost ot Mortgagar, and without e:pense to MorlgHgee, do, execute, acknowledge and deliver all and e~•ery such further acta, deeds, rnnveyances, mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee shall trom time to time require in order to preserve the priority o( the lien oi this Morigaqe or to facilitate thc performance of the terms hereof. PROVIDED, HOWEVER, that i( Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of a I05• as evidenced by that certain promissory note (the Note), o( even date herewith, executed by ~ Mortg~gor and payable to order nf Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced by Mortgagee to or on behalf of 111ortqaqor pursuant to the Note or this Mortgage, the final maturity cfate of the Note and this Mortgage being NOV~mb[_!i" l~ ~ 1~ $8 , and shall pertortn all other covenants and conciitions ot the Note, all ot the terms ot which Note are incorporated herein by mierence as though set forth fully here- in, and o[ anp renewal, extensiori nr modifiration, thereof and of lhis Mortgage, then this Mortqage and the estate hereby rre:~ted ahall cease and terminate. 11lortgagor terther convenants and agrees with Mortgagee as follows: l. To pay ali sums, including intereat secured hereby when due, as provided (or in the Note and any renewal, extension nr modification thereof and in this MortRage, all such sums to be payable in lawful money of the United St~tes of Americ:~ at Mortgagee's a(oresaid principal otfice, or at such other place as Mortgagee may designate in writing. 2. To ~y when due, and without requiring any notice (rom Mortgagee, all tazes, assessments o( any lype or nature and other chargea levied or assessed against the Mortgaged Property or thia Mortgage and produce receipts thetetor upon demand. To immediately pay and diacharge any ciaim, tien or encumbrance against the Mortgaged Property which may be or hecome auperiot to thia MortgaRe and to permit no default or delinquency on any other lieo, encumbrance or char~ce aRainst the Mortgaged Property. 3. If required by MortRagee, to also m~ke monthly deposits with MortRagee, in a non-interest 1?eating accaunt, to- Qether with and in addition to interest and prinripal, ot a sum equal to one-twelfth of the yearly taxes and asaesaments which may he levied against the Mortgaged Property, and (it so required) one-twelfth of the yearly premiums for insvr.ince thereon. The a~mount at tsuch tazes, aasessments and premiume, when unknown, aha11 be estimated hy Mortgagee, Such de~wsita shall be used by MortRaRee to pay such taxes, asxessmente and premiums when due. Any inaufficiency ot such jAk ~r.L'.:. . - = ` . . {"-1 . h R~.t~~ ''''f .t- O~ S~ ~ . ~ _ . _ ~ ::.::h ~oo~ a ss ~ 3 ~o . GpRO1., FOR~I - a~.~, S-!_•,n, ;,t. • fO1i i':E~CC, F:C:~;1GA