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Home My WebLink About0511 . -~u~a~ ~ ~ ~ q f ~ , ~ ~ Z, t~ , MG?RTGAGE DEED AND SECURITY AGREL~AETlT > TNI$ MORTOAGB D~BD (the Mortaa6e), dated as ot ~y , 1978 , by and betwee~ Raynxmd E. Sapp ancl Janet S. S~p, his wife and Walter ~Kti+o~e and Joanna C. Krorie, his wife (hereina[ter called Mortgagor) a~d S.j,~ , having an ottice at 700 . Virginia Av~e. ~ Ft. P~@r0~ , Florida (hereinatter cailed MoNgugee) ; WITNE$9GTH, tha~ in conaideration of the premises and in order to secure the ~ayment ot both the principal of, and interest and any other aums payable on the note (es hereina[ter detined) or this Mortsage and the periornnance and ob- • servance o[ all ot the provisions hereoE and of said note. Mortgagor hereby grants, sells, warrants, aliens, remiae~, reteasea, conveys. epign~. transters. mortgages aad sets over and contirma unto Mortgagee, all ot Mortgagor's eatate, ri~tht, title end interest in, to and under all that certain real pmperty aituate i~ St. I~Cl@ Count Florida more y. particularly described as toliows: . Lots 5, 6, 7, 8, 9, 10, 11, 12 and 13 , BZocjc I, and Lots 18, 19 ~ 20 ~ 21 ~ 22 ~ 23 ~ 24 ~ 25 v1d 26 ~ B1oC1c J i A~EN FA(~G' 3 AODITION ~ ac~ording to the Plat thereof as - reaorc~ed in plat Boalc 1, Paqe .1 ~ of the Public l~oorcls of St. Iucie Oo~nmty, Florida. ~ . - D ~.a t ~ . av ~ ~.r~,+«~e aT.~.. ~ STAT oF FL..O D A 1 a,s o^ c~s ~"eN+oet~P'~"saw~~''°M'~?, DOCUMENTARY,.~°:.;, S T A M P T n x~ o~?susn~ to Ctap~r 71. i s 4. A o u O f 1~ 7 1.. U'EPT. Oi REYENIlE ff . r Rp~'p~ ~ ~ w?rir~e ~ 3;~ ~ 9 0. 0 0 1 c~ cn~t court. 9t. t~. Co.,~ - ~ : i~io~ ...i 'I'O('E'fHER WITH al) impmvemente now or hereattet located on said real pro{~erty and all tixtures, appliancex, apparatus. equipment. heating and sir conditiorung equipment. machinery and articles of personal ptoperty and replucement theteot (other than thoee owned by leasees oi said real property) now or 6erea(ter a((i:ed to, attached to, ptaced upon, or used in eny way in connection with the comptete and comtortable use. occupancy~ or operation ot said real property, all licenses and permita uned or required in connection with ttie use ot said real propedy, all leases ot said real. property now or ~ herea[ter entered into and aU right, title and intereat of Mori~tagor thereunder, including without limitation, cas6 or securi- tiea depoeited thereunder parsusnt to said leaaea, and alt rents. iseues, proceeda, and profits aceruing trom said real property and together with aU prooecds ot the conversion, voluntary or involuntary ot any of the foregoing inta cash or liquidated claims~ including without limitation. proeeeds of insurance and rnndemnation awatds (the foregoing said real pmperty, tangible and intangible pereonal property hereina[ter referred to as the Mortgaged Pwperty), Mortgagor hereby grants to Motrtaagee a security intereat in the foregoing deacribed tangible and intangible peraona) property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular ihe fenements, hereditaments and appurtenances thereunto betonging or in a~ywiae appertaining and the reveraion and reversions thereof and all the estate, ~ right, title, interest, homeatead, dower and right ot dower, separate estate, possession, claim and demand whatsoever, as wel! in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenancea of Mortgagor in and to the same, and every part and parcel thereof unto Mortgagee. ~ Mortgagor warrants that it has a good and marketable title to an inde(easible tee eatate in the Mortgaged Pro~~ertv subject to no lien, charge orencumbrance e:cepf such as Mortgagee has agreed to accept in writing and Morigagor covenants that this Mortgage ia and will remain a valid and entorceable tirst mortgage on the Mortgaged Pmperty subject only to the ezceptions herein provided_ Mortgagor has full power and lawtui authority to mortgage the Mortgaged Properiy in the' manper and torm herein done or intended hereafter to be done. Mortgagor will preaerve auch title and will torever warrant and detend the same to Mortgagee and wiil forever warrant and defend the valid'rty ared priority of ihe lien hereof against the clauna of all persong and parties whomscever. Mortgagor will, at the cost of Mortgagor. and witho~! e:pense to Mortgagee, do, execute, acknowledge and deliver ail and every surh furt6er acts, deeds, conveyancea, mortgagea, asaignmenta, notices o( assignment, transfers and assurances as Mortgagee ahall from time to time require in order to preaerve the priority o[ the lien of this l~tortgage or to [acilitate the performance of the terms hereof. PROVIDED, HOWEVER, that i( Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of a 6~~L~OO..DO - a~ evidenced by that certain promissory note (the Note), ol even.date herewith, e:ecated by Martgagor and payable to order of Mortgagee~ with intereat and upon the terma as provided thernin, and together with alt other sums advanced Iry Mortgagee to or on behalf o[ Mortgagor pursuant to the Note ot this Mortgage, the tinal maturity date ot the Note and this Mortgage 6eing Mdy 15 i 8 8 ~ and shall periorm aU other covenants and conditions of the Note, all ot the terma of whic6 Note are incorporated herein by m[erence as though set forth fully here- in, and of any renewal, e:tenaion or modificntion, thereo( and of thie Mortgage, then this Mortgage and the estate hereby created sha11 cease and tetminate. . Mortgagor (urther convenanis and agreea with Mortgagee aa (ollows: . 1. To pay all aums, inciuding inferest serured hereby when due, as provided (or in the Note and any renewal, extension or modification thereot and in this Mortgage, all sucb ~me to be payable in lawful money of the United States oi America at Mortgagee's ato~id principal otfice, or at such other place as Mortgaqee may deaignate in writing. 2. To pay when due, and wit6out requiring any notice from Mortgagee, aU ta:es~ assessments of any type or nature and other c6arges levied or asseaeed againat the Mortgaged Propetty. or this Mortgage and produce receipts therefor upon demand. To immediately pay and discharge any claim. lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortgage and to permit no detault or delinquency on any other lien, encumbrance or c6arge ngainst the Mortgaged Property. 3. If required by Mortgagee, to also make monthly deposita with Mortgagee, in a non-interest bearing account, to- gether with and in addition to interest and principal, of a aum equal to one-twelfth af the yeady tazes and a~ments which may be levied againat the Mortgaged Property, and i~f so required) one-twel(tb of the yearly premiums tor insurance thereon. T6e amount of such taxea, aseeasments and pretniums, when anknown. ahall be eatimated by Mortgagee. Such dep~aeita ahall be used by Mortgagee to pay such tazee, aaseasmenta and premiume when due. Any insufficiency of such • T is Instru~ent prepared By; ` _ ' ~ " ~ ~ - c un Ban o St. Lucie County ~~~:3~~ R1~., ~N~ P.O. Box 8, Ft. Pierce, F1. ~ - _ _ , _ ~~a