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Home My WebLink About0107 . . . 9' t 4~10 MORTGAGE DEED AND SECURITY AGREEMENT , ` ; ~ : }_t,~ THIS MO~t'1'(iAC3R DSSD (ths Mortaase), ~~ed a. ot. April 27 ~ ~ 1978, hy and between Marjorie D. Shotto - ~ (hereinalter called Mortgagor) and SLill BSA~C Of St. Lucie County . having an ~ otrro ae 111 Orange Avenue, Fort Pierce, , Florida (hereinatter called Mortgugee); WITNS33ETH, that in conaiderstion of We premises and in order to secure the payment ot both the princiµvl of. and - intera~t and any other sums payable oa the note (as hereinatter defined) or this Mortaage and the pedoRUance and ob- sarvaaca ot all ot the provieiona hereot and ot said note. Mortaagor hereby grants. sells, warrants, alieos. remis~, releaaes, conveys, awgns. traiufen„ mort6ases and sets over and confirms unto Mortgaaee, all o[ Mortgagor's eetate, ri~tht, title and intered in~ to end under ell that certain real pmperty situatein S- T• ~c_~ - County, Florida more particula~ljr described se follows: Lot 1, Hlock 2, Sandra Court, a Subdivision in Section 8,- Township 35 South, Range 40 Eas~, accordinq to a plat thereof, recorded in Plat Book 8, page 45 of the Public Records of St~. Lucie Courity, Florida. ~ '0 ~ o OF . L O R I C3 A MoNr~d ~..,~~.~U ral~n~t O~ T:~ces . ~ DOCUME ARY . , S1AMP TA x~ ~ ~ ~ ~ ~~'~0^~~~Op°r~?• I j~ • ~ DE . ~f REYEIIUE +r ~ Pr?/{tM11 TO . ~7~~~~ Of 871. ~ - P.s. ~ MAY I i'T~ : ~ Q ~ ~ i r' = n~ot ~ ~ CN~k CMOrit Co~~ u~oi~. Do.. e 1`O('ETHER WITH all improvemente now or hetealter located on said real property and all ti:turea, appliances, apparatua. equipuient, heating and air conditiorting equipment. machinery and articles of pereonal property and replacement thereo[ (other than tbose owned by lesaees ot eaid resl pmperty) now or hereatter affi:ed to. attac6ed to, piaced upon, or used in any viray in connection with the complefe and comfortable uae, occupancy. or operation ot said real pmperty. all licensea and permita uscd or required in rnnnection with the uae of said real property, aU leasea of said rEal property now or hereafter entered into siu! all risht, title and interest of Mortgagor thereunder, inciudina without limitation, caah or securi- ties deposited thereunder pnrauant to eaid leasea, and all rents, issuea, proceeds, and proGta accnung fmm said.real property and together with all proceede of t6e converaion. voluntary or involuntary of any ot the (oregoing into caah or liquidated claio4s~ inciuding wit6out limitation, proce,~eda of insuranee and condeuuiation awards (the foregoing aaid real property, _ tangible and intangible personal ptoperty hereinaiter reterred to.as the Mort~aged Property). Mortgagor hereby grants to Mortgagee a security intereat in tbe foregoing deacribed tangiWe and intangiMe personal pmperty. TO-HAVE AND TO HOLI? t6e Mortgaged Pmperiy. tagether with all and singular the tenementa. hereditaments and appurtenances.thereunto belonging or in anywiae appertaining and the reversion and re~~ersiona thereof and all the estate~ right, title, interest, homeatead. dower and right ot dower, aep~arate estate, po~seesion~ cl,iim and demand wh~tscever, as ~ well. in law as in gquity; of Mortgagor and unto the aame, and every part thereof, with the appurtenancrs ot Mortgagor in and to the same, and every part.and parcel thereof unto Mortgagee. ~ i Mortgagor warranta that it ha.s a good and marketable title to an inde(easibie fee ~atate in the Mortgaged Property . ~ubject to no lien, charge or encumbrance e=cept suc6 aa Mortgagee has agreed to accept in wtiting and Mortgagor covenants that this Mortgage ia and wiU remain a valid and en(orcesble tizst mortgage on the Mortgaged Property subject only to the i e:ceptions herein provided. Mottgagor has full power and lawful authority to mortgage the Mortgaged Property in the , ; manner and form herein done or intended hereatter to be done. Mortgagor wiq preserve such titte and will (orever warrant . f and de(end the seme to Mortgagee and will [onwer warrant and defend the validity and priority of the lien hereof against ~ the claims o[ all peraons and partiea whomeoever. _ f ~ Mortgagor will, at the cost of Mortgagor, and wit6out e:pet~e to Mortgagee, do, e:ecute, acknowledge and deliver all ~ and every such turther acte. deeds. conveyances, mortgagea, aasignments, notices of assignment, tranefera and assurances as ; Mortgagee a6a11 trom time to time require in order to preserve the priority o[ the lien of thia Mortgage or to facilitate the ~ perforneance of the terms hereof. • PROVIDED, HOWEVER, that it Mortgagor shall pay to Mortgagee the indebtedness in t6e principal. sum o[ E 7• 000• 00 aa evidenced by that certain promissory note (the Note), ~f even date herewit6, e:ecuted by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided tberein, and together with all other sums advanced by Mortgagee to or on behal[ of Mortga~o9r pucsuant to the Note or this Mortgage, the final maturity date ot tbe Note and t6is Mort~age being ~`7une 15 , 1 J 3 ~r{orm all other rnvenanta and conditions oE tLe Note, all of the terma of w6ich Note are incorporated 6erein by reference as though set forth'tully here- in, and o[ any renewal. e:tension or modification, thereot and of this Mortgage, then this Mortgage and the eatate hereby created shall cease and tetminate. Mortgagor further convenanTe and agrees with Mortgagee as folioNre: 1. To pay all suma, including interest secvred hereby when due, aa prorided for in t6e Note and any renewal, e:tension or modification thereof and in tltia Mortgage, all suc6 sums to be payable in lawful money of the United States of America at Mortgagee'a aforesaid principal ofGce, or at such other place ae Mortgagee may deaignate in writing. - 2. To peay when due. and without requiring any notice trom Mortgagee, all ta:ea asseesmenta of any type or nature ~ and ot6er charges levied or aeaeased against the Mort~aged Property or this Mortgage and produce receipta therefor upon ' demand. To immediately pay and discharge any claim, lien or encumbrance againat t6e Mortgaged Property w6ich may be ~ or become auperior to t6is Mortgage and to permit no detault or delinquency on any ot6er lien. encumbrance or charge - ~ against the Mprtgaged Property. ~ 3. It required by Mortgagee, to also make monthl de ~ y poaits with Mortgagee, in a non-interest bearing account, to- getherwith aMi in addition to interest and principal, of a aum equal to one-tweltth of the yeariy tazea and aaseasments which ~ may be levied against tbe Mortgaged Property, and (i[ so required) one-tweltlh ot the yeady premiums for insurance ~ thereon. 1'he amount ot such tuee, aseeesmente and premiums, when unknown, shall be estimated by Mortgegee. Such depoaita aball be used by Mortgagee to pay such tazea, aeeeasmente and premiums when due. Any- inaufficienry of such iAis !nstrur..ar,t ~~.•c~1 h~ $UPJ E:,F;=' ~ ' - _*,r~ . ~ t~- , . . _ . . , . . ,.:c ~ -t- A ~ CAROL FORE ~d~~ ~E ~ Bf . . ~ . ~ li2 5. 2.9 ST. • f0:~f "rlENCE, FIOrZIDA . _ _ _ ~ ,s ~ . Y.~,,. a ~r.~..~. _ . _ - - - '~~3 w-~~ a~