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Home My WebLink About0191 . ~ ? ~28 M4RTGAGE DEED AND SECURiTY AGRE~MENT ~ TH1S MORTGAGE DF.F.D Ithe 11lortK~iKe), d~t~~i :~a o( April 28 ~ ~y78 ~~y ;~nd lietw•tr•n Immanuel Missionary Baptist Church, Inc. (hereinutter ~•a+lled MortK:igor) :~nd Sun Bank Of St. LUCle County • h~~`~1°K''~' o«;~•P ~~lll Orange Avenue, Fort Pierce. , Floridu Iherninafter ~•ullecf A1ortKuRer1: WITNESSETH, tht?t in considerution o( the premisea .~nd in order to secure the p:~yment o( both the princi~hd of, and interest ~nd nny other sums pnyable on the note (as hereinntter defined) or this Mortguge ~nd the performance und ub- ~r.vunce of nll ot the provisions hereot and ot said note, Afortgagor hereby grnnts, setls, warmnts, j~lie~s, remises, rele:~~s, conveys, ns4ig~s, franaters, mortRages and sets over a~nd confirms unto Morta.~pee, all o[ I~lortg:~gor's est:~te, riRht, tiUe :~nd interest in, to and under nll that certain real pm{~rty situ:it~ in $t . Lucie County, F lorid:~ more p:utii~ulurly descrit~ed as tollows: The North ~ of the NE~ of the SE~. of the SE~ of Section 32, Township 35 South, Range 40 East, St. Lucie County, Florida, less and excepting the South 150 feet thereof, also excepting ~ rights of way for public roads. ~ ~ ` • ~ =T= ~ - _ ~ _ - . - _ r - . . , _ ~ A ~ ewed s ' ~ tn Peymsnt Of Taxes , ~ ' , Due On C18ss ll ~ , _ _ . , ~ . ~ ~ - _ , . ..C•. Inienplbl~ Prrsollsl Prop~y. _ ~ o : ti ~ ~~°suant To Chapter 71. 134, qCt~ Q} 7'1. ~ ` ' ' ~ - - . ~ ~ - ~ ROGEfi POITAAS - 3~. ~ . . :.p ~ ~ _ ~ ~ 1 ['?e•t Cirtuit Court. St. luCk, CO.. F - _ I T(N~ETHF.R W1TH aU impmvements now• or here~fter located on s:iid real proE~erty :+nd all fixtures, .ipplianci•., ap~~:iritus, equipment, heating .ind air conditioning equipment, machinery and articles ot personal property :~nd mplacement thereof (other than those owned by lessees of said real property) now or hesea(ter a((ixed to, atl:~ched to, plai~ed upon, or used in any way in ~~nnection with the complete and comfortable use, uccup:~ncy, or o~~eration of s:~id real pro~~erty, all limnses and {xrmits used or required in connection with the use o[ said mal property, all leases of said real property now ur hereatter entered into and all right, title and interest o( Mortgagor thereunder, in~•IudinR without limitation, cash or seruri- ties deposited lhereunder pursuant to said leases, and all rents, issues, proceeds, and profits uccruinR from said real pro{~erty and together with all proc-eeds of the conversion, voluntary or involuntary ot any o( the toreRoing into cush or liquidated cl~ims, including without limitation, proceeds of insurance nnd condemnation awards (the torn~oinR said real ~~ro~~erty. tangible and intanRible personal pmperty hereinafter referred to ~s the MortRs~ged Pro~~ertyl_ hlort~:~Qor hereby Kr.~nt~ - to 1~4ortgagee a security interest in the loreRoinR descrihed tangible and intan~ible personal property. TO HAVE AND TO HOLD the Mortgaged Pro{~erty, together with all and singular the tenements, hereditaments :~nd f appurten:inces thernunto t?elonqinR or in anywise ap{~ertaening and the reversion and reversions thereof and :ill the estatt~, riRht, title, interest, homesfead, dower and right ot dower, separate estate, possession, claim and demand wh:~ts~xver, :~s w•e~l in law as in equity, at Alortgagor :~nd unto thP g:ime, and eeery part thereot, with the appurtenances of MortRa~or in ! :ind to the c~me, :~nd every ~k+rt and parirl thereof unto 14tortg.~Ree. E Mort~aqor warrants that it has a good aod marketable title to an indefe.~sihle (ee c~t.ite in th~ MortQ:iR.~ci Pm~x•rty ? subject to no lien, charRe or encumbrance except such ~is l~tortgagee h:+s agreed to accept in writing and 1~1ortRaRor co~en:~nts that this ~tortQ:iRe is and K•ill rema~in a valid and enforceable (irst mortgage on the 1~lortgagecl Yro~~erty subjei•t only to the ' exceptions herein provided. MortguRor h.~s full ~~ower and I:~w(ul authority to mort~aige the 1~4ortR:~gec! Pro~xrly in the ~ manner and torm herein done or intended hereafter to he done. MortR.~gor will presen•e such title and will torever w~arr.~nt ~ :~nd defend the s:~me to MortgaRee and will fom~~er warrant and defend the ~•.~lidity :~nd priority of the lien hereii( aKainst ~ the claims of .~Il ~~ersons :~nd p:~rties whomsoe~~er. ! 's Mort~agor will, at lhe cost of htortgagor, .ind without ex~~ense to Atort~;aKee, do, exerute, acknov?•ledRe :ind deli~•er aU : and e~•ery such further acts, deecls, com•eyani-es, mortRaQes, assiKnments, notica~s o( assiQnment, trans(ers:~nd assurinces as ~ ;~tortRaRee shall (rom time to time rM~uire in ord~r to precen~e the prioritp of the lien of this TTort~~Qe or to t~cilitat~ the ~ ~ierform.~nce o( the terms hereof. ~ ~ YROVIDED, HOWEVER, that if Mort~:+~;or shall p:iy to Mort~aQc~~ the indebtednes.g in the principal sum of ~ S~ 24 ~ ~~Q . 00 . ,~3 evidenced by that certain promissory note (the \ote), ot e~~en date herewilh, exe~•utPd t»• ' 11ortR:~gor and pa~able to order of ~tortga~ee, with interest and uE~n the terms as prorided therein, and together w~ith all ~ other sums ad~•anc~) by MortgaKee to or on t?ehalf of MortRaKor pursuant to the lVote or this Alortgage, the final maturity ` ~i~~n 7 1 QQ~ r~ n r. ~ • ; date ot tne i~iote and inis l~70fi$age being ~ l ~ .:ailu 5~~.i~~ jicPwiiil ai~~ vaiici : 7:c.:::T..a ~ i•onditions of the Note, all of the terms ot which Note are incor~~orated herein by m(erence as thouRh set torth (ully here- in, and of any renewal, extension or m«fific:~tion, thereo( :~nd of this rtortKaRe, then this ~tortRage and the estate hereby ~•re:ited shall rease and terminate. ~ Mort~aQor further com•enants and ~~Rrees with 111ortgaRee as (ollows: ' 1. To pay all sums, includinR interest secured hereby when due, as provided tor in the Note and any renew~al, extension - nr mcxli(ication thereof and in this MortR:+ge, all such sums to F?e payable in law(ul money of .the t?nitE~1 States of Ameri~•:i ~ at ',11ortR:~Ree's a(oms:~id prinripal offii•e, or at sa~•h other place as A1ort~aQcr m:~y desi~nate in writinR. 2. To pay when due, a~nd without requirinq any nolice (rom MortgageP, all taxes, assecgments of any ty~~e or nature : :~nd other charges tevied or asses~d against the Mortgaged Yro~~erty or this :14ortgaRe and produ~•e receipts therefor u~wn demand. To immediately pay and discharge any claim, lien or eni•umhrance against the 1NortGaged Pro~~erty which may tx~ ? or i~ecome superior to this MortRaRe and to i~ermit no de(ault or delinquency on any other lien, encumbrin~~~ or ~•harKe ~ ' .~Kainct the Mortgaged Pro~>erty. - 3. If tequired by MortgaRc~e, to also makr monthly de~sits with AtorlgaRee, in a non-interest t~earinR a~•count. to~ - Kether with and in addition to interest and principal, o( a sum equal to one-twel(th of the yearly taxes and assecgmenlg whi~•h : may be levied aQainst the AlortgaRed Pro~~erty, and lif w~ requiredl one-twelfth of the yearly premiums (or insurance - thereon. The amount of such taxes, assessments and premiuma, when unknow•n, ahall be estimated by 114ortRaRee. Such dP(NMI~3 shall be used by A4ortRaReP to pay such taxes. :~s.~ssrr.ents and premiums when due. Any insufficiency of such . 3 1hiS In: tru?' ' 1' i ; S~~ni ~ . . . "'T~ , •r. , -1- ''i f • f~', . ~ . . . ' . . . - CARUL FORE ~ K ~ 9~ _ _ ~l~~Y j~ lil . ; i .:~i . ~i F~.:dli?r'~ " •