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Home My WebLink About0671 ~l0958~ / ~ MORTGAGE DEED AND SECURITY AGREEMENT ' ~ 7'HIS MORTGAGE DEIkU Ithe Mortguge), dat~~cl ua al July 11 , 14 78 by :ind IK~tw~rn HORATIO GRISBY, JR. and NAOMI J. GRISBY~ his wife IhP~inu(ler cullcd MorigaRorl und Si1N BANK OF ST . LUCIE COllNTY , h:~~inR un otticc ~it 111 Orange AvenuQ , Fort Pierce , l~loridu Ihcrcin:Jter ~•:~Ilec1 AlortguK~r•i: WITNESSF:TH, ihnt in conrider~tion o( the premiaes i~nd in order to se~•ure the {~.~yment of ~th thc prini•iµ?1 of, ~nd interest and any other auma {x~y~ble on lhe note Ina hereinatter defined) or Ihis INortgage and the {~er(ormunre s~nd ob- servnm~e of all oi the provisions hereot i~nd ot snid note, Mortgngor hernby granta, sella, vvurruntx, t~liens, remisrs, rele.~xcs. com~eys, us~igru~, trnnn(era, ir.ortgugea und seta o~•er nn~. confirma unto Mo tRage~ nll ot Mortgagor's estate, riRht, tiUe and interest in, to and under ull th:~t certa~in m:il pro~x~rty situat~~ in $t .~uCle (•ounty, Flonda more ~~:~rtic•ul:~rly dc~cribed na follows: s cn . Lot 11, Block 4, Irene Plaza Subdivision as recorded - in Plat Book 9, Page 33 of the Public Records of ' • 'Y ~ St. Lucie County . ~ :r - ~ _ ~ A fi57~ - - ~ ~ : _ . : _ _ , _ , _ ~ _ . _ R~cdv~d • ~ _ . ~ ~ _ - r-" t-- . ' ' ' _ _ ~ In Pa'~t Of Tietq G~~ M ~.`~I ~ t. N'• t f, ~ Oue On Clsss ••C•. Intangibls p~~~~ p~~ . 4; ~ ~ -.i'E~wc'~~: ~~a. - - Pur~u~iToCh ~ ~ i . ~ eDter 71, 134. Aatt OI 1 a71. ' ~ ? • ~ : ' _ _ _ ~ , t ;~-r ~ ~ Z. 5 O I ROGER POITRAg ~ ~ ~Q ~ ; . . - ~ _ ! Cb•k Circuit Cour1. St. LuCN Co p~. ~ ~ , - - - - - • 'IY~ETNEft VI~'I'CH :~11 im~?n?~ements now or hema(ter lo~•ateci on s:ud mal pro~x~rty and .ill lixtures, uppli:~n~•~•.. :ip~u~ratus, equipment, heatinR :ind nir rnnditioning equipment, machinery :~nd a~rtic•les of ~~erson:~l pro~~erty :+nd mpl:~~•ement thereof lother than those owned hy Iessees of snid rnal pro{~erty) now or hereafter :~I(ixed to, :~tt:~ched to, plai•c~A u~~n, or used in :~ny w,~y in connec•tion wilh the complete and comfortable use, oc•cupancy, or o~~eration of s:~id mal pm~~ert~•, all I~~~enses and permits used or required in connec•tion with lhe use e?f s:~id real pro{~erty, all leases of s:iid real pro~~erty now or hcrea(ter entered into and all riqht, title and interest of Ato~tgagor thereunder, includinR without limitation, cash or u~~•uri ties deposited thereunder pursuant to s:iid leasi.•s, :~~d aU rents, issues, pr~-eeds, and profits accruing (mm s:iid real pru~x•rty :?nd toRether with all proc•eeds of thr conversion, ~•oluntary or im•olun4iry of any o( the foreguinR into cash or liyuidate~cf cl:~ims, including without limitatiun, proceeds of insuran~•e :ind condemn:~tion .iw•ards Ithe foreKoinR ~id n:~l pn~{x•rty~. tangible and inG~ngible ~~ersonal pro~~rly hereinafter re(ermcl to :~s the Mc?rtQ:~Red Yropeny). :~1or~~;aRor hereby Qrant~ to Mortgagee a security interest in the foreRoing des~•riiied tangible and int:~nQible ~?er~wnal ~~ro(~erty. ~'I'n HAVE AND 'I'n HOI.D the 141ortRaRec1 Pm~x•rty, t~ether with :ill and singular the tenements, hereclitamentc :~nd ~ :~ppurtenances thereunto F?elonRinR or in anyw~ise :~p~~ertaining und the reversion :ind reversiuns thereof and all the est:~t~, , riRhf, tetle, interest, homestead, dow~er and right of dower, se~kir.ite eslate. ~~ossessiun, i•laim and demand w•hatsoecc~r, as ; w~ell in law .L4 in eyuity, o! AtorlRaRor :ind unto the s:~me, :~nd e~•ery part thereof, w~ith th~ appurten:~n~es of A1nrtR:~Ror in j :~nd to the s:~me, :~nd e~•pry p:~rt :~nd ~~.-~n~el thercV?( unto Morf~aRc~e. i i htortg:igor w.irrants that it h:~s gwxl and m:~rketablP title to :~n indeft•atiible (ee estate in tht• ~1~~rtRaR~~i YnqN•rty E sutrje~•t to no lien, charge or encumhran~r exi•ept sui•h as \1ort~,~kee h.is :~grEY~cl to accept in w~riting and Murt~aRor ~•o~enant. thut this MortRaRe is and will rrm~in a valid and en(on-eable (ir.ct mortgaRe on the illortR~Ked Pro{?ert_y subjc~~t only to the c•xrnptions herein provided: MortgaQor has full ~ww~er :ind L~w•ful authority to mortR:~gc the ~4ortRaRec1 YroEx~rty in th~• manner :~nd (orm herein done or intendecl hereafter to I~e done. MortRaRor will pmser~-e sa~~h litle and uill forr~•er warrant and dete~d the ~me to ;11ortKaRee :md will torever warr~nt :md deiend the ~•alidih• and priority u( the IiFn her~?( :iQain.t the ~•I:~ims o[ all ~~ersons and {?:?rtieg N•homsor~~er. lllortRagor will, at the rnst of hiortqaRor, and without ex~~ense to MortR:~Ree, do, exec•ute, acknowleciKe and deli~•er all and every such further acts, drecls, conveyan~•es, mortKaKes, assiRnments, noticc~s of ~sviRnment, transfers and as~ur.in~~e+ as Mortg:~Kee shall (rom time to time r~quire- in order to prcwrn~~ the prinrity nf thc• lien oi this ~1ortRaQe or to (a~•ilitate fh~ { ~~rformanc•e of the terms herc~?f. 3 ~ YROVIDED, HOWF.VER, th.~t if MortQa~or shall pa~• to \1ortQaKc~• the indehtedne.s in the prin~-ip:~l rum of S as eviden~ed hy fhat ~•ert:~in promissory note fthe NMe1, o( e~~en d:~tc herewith, exei•utc~d h}• A1orlKaRor ~nd Exiy:~ble to order nt 111ortRagee, with interest .~nd u{mn the terms as pm~•ided therein, and tu~ether N•ith :~II other sums advancecl by 111ortKagee to or on behal( of hlortRagor ~ursuant to the ATOte or this 1~tortRaRe, the final m:~turity , d:~te o( the Note and this ;1'IortgaRe t~einF At1$11St 20 ,1~93 , and shall ~x~r(orm all other ~•~n•en.~nts arzd ~ ~•unditions o( the {~tote, al! of the terms of ~+~hi~•h Note are incor~x?rated herein by reterence as though set forth tul!>- hrrc~- in, and of :~ny reneN:~l, exlensinn or moditic•~tion, thereof and of this hlortK.ige, then this ltort~age and the estatP h~~reb~• ~ ~•rc•:~ted shall ~•e.~se and termin.ite. ~ ~ 11~iriR:~Ror further rom•enants and :~Qree~ with MortQaQer .~s (ollows: ~ 1. To pay all sums, includinR interest secured herehy when due, :is pro~•idecl tor in the Note :~nd any renewal, ext~•n~iun ~~r m~xlification thereot and in this MortQaKe, :ill suc•h sums to t?e payable in law~(ul monry of the United St:~ies nf Anie•n~•a ~ :~t MortQaRee's atoms:iid prin~•~pa) offic•e, or .it such other place ay MortQaKee m:rv de•siQnate in writin~. a ~ 'L. To {uiy xhen due, :~nd H~ithout rc~yuiring any nnti~•e (rom ~1oriQagee, all taxes, assessments o( any ty~x• or n:~tun~ q :~nd other char~es le~i~~cl or :iasessrd ag:+inst the illortgaged Yro~~erty or th~s Mort~age and produ~•e mceipts theretor u~Kin ~ demand_ To immedicitely p.~y and disch.irRe any cl:iim, lien or encumbrance aRainst the 111ortqaRed Yro~~erty ~a•hich tn:~y ix~ ~ or i~cK•ome su~~erior to this Atort~:iRe and to {~ermit no default or delinquency un any othc r lien, encumbr~n~•e or ~•h.irRr ~ aKainxt the 1~1ortRaRec1 Yro~Mrty. ~ 3. If required t:y 11f~~;:~K~y~. tn alw~ make monthly de~wsits with ;11ortRaR~•e, in a non-~nterest IKar~ng a~~~•uunt, tn- ~ gether with and in addition to ~nterest aod principal, ol a sum eyual to owe-tweltth o( the yearly taxes and :is~~sments which 3 may Ire le~ied against thr ~1ort~aKrd Yro~~erty, and li( u~ requiredl one-twel(th o( the yearly pmmiums (or insuran~•c~ ~ thereon. The amount of such taxes, as:essments and premiums, when unknow•n, shall he estimated by MortKaKr~. tiuch ~ de~N?~•~its shall be u.ged by ;ltortRaKee to pay ~uch tazes, :+k~+e~ments and prem~ums when due. Any insutiiciency o( au~~h a ~ . A 6 ~ _ ~ nR f g~~~ 23U YA~,~ 671 ~ ~ ~ - - g~ : - ~ ~ ~ ~ x, ~ ~ ~ ~ ~ ~ ~ ~ . Y ~ ~ ' ~ ~ t~ ~ Q F ~