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Home My WebLink About0446 - , t Q / 4a?530 ~ ~ MORTGAGE ~ DEED AND SECURITY AGREEMENT THIB MORT(3AGT DSBD (the Mortgaae), dsted us ot •T~~*~Q.~+ , 18..ZB, by und between CLO~PILDL f~. TAYLOR as to an undivided one-half interest and FELIX A. MII.I.BR and MII~DRBD J. MILLER, his w i f e, a~e~~er~~d ~~a~~p a~lf intereat ~ , having i?n SUN BANK OF ST. LUCIS COUNTY oltice at 111 Orange Avenue, Fort Pierce , Flo~ida (hereinafter culled Mortsagee): WLTNE83E'1'H, that in .r~t?aideration o( the premises and in order to ~ecure the payment ot both the principal of, and ' ~ -othetmma Pe?raMeon-#!~e ttate-{es hereine[it'-detined~-or-this--~l~1erlsese-end-tht per~orma~m}-oh=--- servance ot all of the provisions hereof and ot said note, Mortgugor hereby granta, sella, wanents, aliena, temisea, releases, conveys, a~ui~n~. tranaten. mottgages and ~eb over and contirms unto Mortgu6ee, all ot Mortgeaor s estate. right, title and interest in. to and under aU that certain real property situate in $t _ Ta~ri p County, Florida mo~e particulurly deecribed as (ollows: The East 165 feet of the North ~ of the North ~ of the Northe$st ~a of Section 16, Township 36 South Range 40 East, less the N.152.92 feet and less a12 of the land East of Canal. •23 and less any road or canal ri~ght-of-way. ` - A~ah~d • M~ ~r~nt 01 T~ns i E c~~ F L C l f-~ i~}:>~ ~ a,. o~ c~ass ~ P~son.t h~ov.rnr~ - ° ut ; UARE Eti~RY ~i:'.;.5?I+MP iA~ i • - - Pu+tusm To ChaptK 71 1 y/„ Aol~ 011~!'1. _ _ , •7e' j 5 oOER P01TIW ~ y, - R ~i,:4?. ~ I 5. c~s?~ c~«~n c« n, si. ca.. ~~a.. c ~ _ _ . ~ ~ i _ '['O('ETHER WITH all improvements now or herea(ter located on said real property and all tizturea; appliances, apparatus, equipment~ heating and air conditio~ina equipmedt, machinery and nrticlea of personal properiy and replacement thereof (other tl~an thoee owned hy 1~ o[ said real propeHy) now or hereatter a((ixed to, attached to, placed upon, or uaed in any way in connection with the mmplrte and comtortable uae, occupancy, or operation o! said real property, :~Il licensea and permits used or required in connection with the uee o[ said rnsl pmperty, all leases of said ceal pmperty now or herea[ter entered into and all right, title and intereat ot Mortgs~gor thereunder, including without limitation, cash or se~vri- tiea depoaited therEUnder pursuant to said leases, and all rents, issuea, proceeds, and protita accruing trom said real property and together with all pro~~a ot t6e rnnveraion, voluntary or involuntary of any of the toregoing into c:ish or liquidated claims. including without limitation, proceeds ot insurunce and condemnalion awarda (the toregoing eaid real properiy, tungible ar.d inlangible personal property hereinafter reterred to us Ihe Mortguged Properly). Morigagor'hereby 8rants to Mortgagee a eecurity. interes! in the foregoing deacritxd langible ai?d ints?ngible peraonal properiy. . . TO HAVE AND TO HOLD the Mortgaged Properiy, togelher with all and singular the tenemedta, heredilamenta =~nd appurtenancee thereunto belongiag or in anywise appertaining and the reversion and reveraiona thereof and all the estnte, right, tide, intereat, homestead, dower and right OI dOKYi, separnte estate, poasession. claim and demand whntsoe~•er, as. • well in law as in equity, ot Mortgagor and unto the abme, and every part thereof, with the appurtenancvs ot I4lortqagor in . and to the same, and e~ery part And pan~el thereot unto Mortgagee. ~ , Mortgagor warrnnta tfwt it hus a good :~nd marketable tiNe to an inderelsible fee estate in the Mortqaged Pmperty - ; ~ubject to no lien, charge or encumbrance except such a~ Mortgagee haa agrred to-accept in writing and Mortgagor covenants ~ th:it this Mortgage ia and will remain a valid and enforceable firat mortgage on the Mortgaged Pro{;erty subject only io the ~ e:ceptiona herein provided. Mortgagor has tull power and lawtul authority to mortgage the Mortgaged Pro~erty in the ~ manner and torm herein done or intended hereatter to be done. Mortgagor will preserve such title and will torever warrant ~ and detend the same to Mortgagee and ~vil) forever wnrrnnt and detend the validity and priority ot the lien hereof ngainat ~ the claima ot all persona and parties whomsoever_ ~ 1~lortgagor will, at the coat of Mortgagor, and without expenae to Morlgagee, do, execute, acknowledge and deliver all and every sac6 further acte, deeds, conveyances, mortgages, aasignmenta, noticea o( assignment, tranatera and assurances as Mortgagee ahall trom time to time require in order to preserve the priority ot the lien ot this Mortgage or to (acilitate the pertormance oi the terms hereof. PROVIDED, HOWEVER, that if Morigagor ahall ~~ay to Mortgngee the indebtednesa •in the principal aum of S aa evidenced by that certain promiasory" note (the Note?, ot even date herewith, e:ecuted by Mortgagor and payable to order ot Mortgagee, with interest and upon the terms as provided therein, and together with all other suma advanced by Mortgagee to or on behalt of Mortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and thia Mortgage being June 15 ~ 1988 a~ s~~~ ~r{orm a(1 other covenants s~nd conditiona o[ the Note, all o( the terms of which Note are incorporated herein by reterence as though set torth fully here- in, and of any renewal, e:tension or modification, thereot and of thia Morigage, then this Mortgage and t6e estate hereby created ahall cease and terminate. ' ~ Mortgagor further convenants and aKreea with Mortgagee aa follows: 1. To pay all sums, including intereet secured hereby when due; as provided (or in the Note and any renewal, extension or modification thereof and in this Mortgage, all auch suma to be payable in lawtul money of the Unitecl Statea of America ~ at MortqaRee a atoresaid principal otfice, or at such other pla!~e aa MortgaRee may designate in writinq. ~ 2. To pay when due, and without requiring any notice trom M~rtgagee, all texes, assessmenta ot any type or nature ~ and other chargea levied or asseseed a$ainst t6e ~tortgaged Property or thia Mortgage and produce receipta therefor u{wn ~ demand. To immediately pay and discharge any claim, lien or encumbr~nce against the Mortgaged PropeKy which may be ~ or become auperior to thia Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge . ~ against the Mortgaged Property. ~ 3. 1t required by Mortgagee, to also make monthly de~~oeita with MortRagee, in a non-intereat bearing account, to- ~ get6er with and in addition to interest and principal, o( a sum equal to one-tweltth of the yeady taiea ar~d aseessments which ~ ~ may be levied against the Mortgaged Property, and (if so required) one-twel(th o( the yeady premiuma tor insurance thereon. The pmount of auch ta:ee, aseessmenta and premiums, when unknown, ahall be estimated by Mortgagee. Such deposits•shall be used by MortRagee to pay such tazes, as~sements and premiums when due. Aay.inau((iciency ot such ~ ~ . ~ n-a fi9 w~F 443 ~ Bu~+K 2 ~ ~ ~ ~ : - - - - - - x ~ x ~ ~ , E " ~ x ~s ~ ~ ~ ~ . y ` - ~ ~ ~ . ~ ~ ~