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Home My WebLink About0707 go ' ~ s~~ I MC~RTGAGE DEED AND SECURITY AGREEMENT O THI3 MORTGAGCs DEED (the Morigxge), datcd us ot .b{a~33. , 19 ~8, by und i~lween ~ J. D. NEISON, SR. and EMMA E. NEISON, his wife " ~ (hereina(ter culled 111ortgiigor) and : SUN BANK OF ~ ST. LUCIE COIMTY .~~'~??H ; ~ Viliaro ui i~~+i i aDiz.i.~.~ . Florida (hereioatter called MoHgagee): ~ W1TNE$3ETH, that in eonaiderution ot the premises and i~ otder to oecure the payment of hoth the princi{x~l ot, end ~ intercet and any other sums payable on the note (aa hereina[tet detined) o~ this Mortgege and the perforn~ance and ob- aen~ance of all of the provisions hereoi and of said note, Mortgagor hereby granta, selis, wurrants, aliens, remiaes, releases, conveya. aisi~gna. transters, mortgages and aets ovcr and contirrms unto Mortgagee, ull ot Morl~gagor s estate, riltht, title nnd e ll~[6ICSt fli, CCi Hiifi iifiuvi :cci c:cuc cccuzi.a <ca^aa i.M~:...~ - C _ ' ~f ~ " ~ •:~•~A!p'_~ Counl , Floridn more ~~~11i'11IA~IV 3 ~ i.iiiL i i: a described as tollows; ~ ; Lot_ 32, Block 53 I.AKE'WOOD PARK UNIT NO. 5, according to the plat thereof ~ as recorded in Plat Book 11, page 5 of the Public Records of St: Lucie i County, Florida. ~ ~ ~ . . . • t ~ 1 ( i / tY3 ~ ~ J,. =~r" r~Ol~~.~~-1 I N _N~ ~i~~t~ 3 ~ :C'v'~'~~lNTARY. z.-~: 5 ~ HM P T t. ~ ~ C Intarp~t~PlMSOnMltiq~~ c' M aEPi. UF RfVEN1UE f•~-'~ ' - ' 7~ ~ 7i, A~~ x. ~ - _ ~ ~ . _ ~e = ,;•jw•s•le ~ ~ 9. ~ ~ I ~ ROOHI ~p~ • ~ ' ' G~~~~ ~ - z _ ? o~„ '['OCETHER WITH a11 impro~~ementa now or hereatter located on said real proprrty and atl tixtures, appliances, apparetus, equipment, heating and air conditioning equipment, machinery and articles of personal property and rn~~l:icement thereof (other than those owned by lessees o[ eaid mal property) now or hereafter affixed to, attached to, ~~laced upon, or used in any way in connection with the complete und comtortable use, occu~ncy, or operation ot s~id real property. :ill licenses and permite ueed or required in cottnection with the uee of said rea) property, all leases o( said real property now o~ heteafter entered into and all right, title and interest ot Morigagor thereunder, including without limitation, cash or securi- ties de{wsited thereunder puraubnt to said teases, and all rents, issues. proceeds, and protite accruing trom said real property and together with all proceeda ot the converaion, r~oluntary or involuntary ot. any ot the tocegoing into cash or liquidateci claims, including without limitation, proceeda o[ insurance and condemnxtion awards (the fotegoing said real property, tangible and intang~ble personal property hereina(ter reterred to as tbe Mortgaged Property). Mortgagor hereby gr~nts to Mortgagee a security interest in the fotegoing deacribed tungible and intangible peraona! property. ~ TO HAVE AND TO HOLD fhe I~iortgaged Property, together with all and singuiar the tenements, hereditamenls and ` , appurtenunces thereunto belonging or in anywise eppertaining and the reveraion arid revetaiuns thereof and nll the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand wh.~tsnever, as well in law as in equity, of Mortgagor and unto the sxme, and every part thereof, with the appurtenancea ot Mortgagor in and to the same, nnd every part and parcel i6ereof unto Mortgagee. Mortgagor warrants that it has a good and marketuble title to an indefeasibte tee estate in the Atortgageci Property subject to no lien, charge or encumbrance ezcept such as Mottgagee has agreed to accept in writing and Morigagor covenants that this Mortgage is and wil) remain a valid and enforceable ticst mortgage on the Mortgaged Property subject only td the ezceptions herein provided. Mortgagot has tull power and lawful authority to mortgage the Mortgaged Pm~~ertv in the manner and [orm herein done or intended hereafter to be done. Mortgagor wiH preaerve such title and will forever warrant and de(end the same to MortRagee and will forever wamnt and detend the validity and priority ot lhe lien hereot aKainst !!:e rl~ssns n! all ~er•r~ns and ~x~rtien whomacever. Mortgagot will, at the cost ot Mortgagor, and without e:pense to Mottgagee, do, e:ecute, acknowledge and deliver all and every such further acts, deeds, conveyancea, mortg~gea, s~ssignments, notices of assignment, transters and assurances As Mortgagee ehall trom time to time require in order to ~~reserve ihe priorily of the tien of this Mortgage or to fACilitate the pertormance of the terme hereof. PROVIDF.D, HOWEVER, that if Mortgagor shall ~my to 14tortqaRee the indebtednesg in the principal sum o( a 6.000.00 as evidenced Fry that certnin promissory note (the Note), of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced by l~tortgagee to or on behalf of Mortgagor pursu:~nt to the Note or this MortRage, the final maturity date o( the Note and this Mottgage being June ~ I993 , and shall perform all other covenants and conditions of the Note, all of the ternts o( which Note are incorporated herein by reterence ae though set torth fully here- in, and o[ any renewal, e:tenaion ot moditication, "thereot and of this MortRage, then this Mortgage and the estate herehy created shall cease and tetminate. - Mort{~agor (urther ronvenanta and agreea with Mortgagee as follows: 1. To pay alt sums, including intereat secared hereby when due, as pmvided for in the Note and any renewal, e:tension or modification thereof and in thia Mortqage, all such auma to he payab{e in lawiul money of the United States of America . at Mortgagee'a atotesaid principal otfire, or at such other place as Mortgagee may desiqnate in writing. 2. To pay when due, and without requiring any notice from Morlgagee, all taxes, assessments oi any tyE:e or nature and other char e8 levied or aageesed a ainat the Mort ~ g g gaged Property or this 11Zortgage and produce teceipts theretor upoo # demand_ To immediate[y pay and discharge any ciaim, liea as ~ncvmbrunce againat the Mortgaged Property which may be ~ or become superior to this Morigage and to permit no detault or delinquency on any other lien, encumbrance or eharge . aRainst the Mortgaged Property. • 3. If required by Mortgagee, to also make monthly deNosits with Mortgagee, in a non-interest hearing account, to- gether with and in addition to interest and principal, o( a aum equal to one-twelith of the yearly ta:es and asseesments w~?ich may be levied againat !he Mortgaged Froperty, and (i( ~o required) one-tweifth of the yearly premiums for insurance thereon. The amount ot such taxes, aseessmenta and premiuma, when unknown, ahall be estimated by Mort{;agee. Such de~w~its a~wll be useci by Mortgagee to pay auch ta:ea, asaessmenta and premiwns when due. Any inau(ticiency of such ~ ~ 1- o:~k?: U~.X7 fAt~ ~V~J ' . ~ ~ • ri ~ : - - - - ; ~ , .