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Home My WebLink About0225 =f ~•)V ~ (1 / MORTGAGE DEED AND SECURITY AGREEMENT ~ 7 THIS h10R'I'GAGF DF.F:D (the Mottg+~ge), dr~t~~! us ot August 8 , 1y78 , by .end Ix~tw~tin RAY L. FORD ANO ROBERTA E. M. FORD, his wife IhPreinu(ter ~•idlcd 1liortgagorl nnd SUN BANK OF ST. LUCIE COUNTY • h"~''^R uttice al 111 Orange Avenue, Fort Pierce , Mloridii Ihen•ine~tte~ cuUc~i MorlKa~Kee1: WITNE3SE7'H, thnt i~ conaiderution ot the premi~?es nnd in order to sec•um the ~x~yment ot !?oth the ~~rinci{k~l of, und intereet and any other aums ptryAble on ihe note (ns hernina(ter detined) or this Mortgt~ge und the ~~erfarmnnce nnd ob- sen~nnce of all of the provisiona hereof And ot sAid note, 1No~tgagor herehy grcmta, sells, warranta, aliens, rnmises, releases, conveys, sesigns, trana(ers, mortgages und seta over and con(irma u~to Mortgngee, ull ot MorfRagor'a cwlate, riRht, title und interest in, to and under all thnt certnin nal pmperty situnte in St _ Ta~r_i P Cuiinty, F(oridn morr ~mrticul~~r{y deacrit?ed ns followa: . Lots 7& 8 in Block "C", HIDDEN PINES ESTATES accordinq to the Plat thereof on file as recorded in Plat Book 17, page 2I of the Public Records of St. Lucie County, Florida. ~ . ` _ - j ~ ( ~ _ , ; -1 . , . . ! R~cMved A oZ . ~7'D • . ' ~ - - - - k+ ~tt OI Ta~tM ~ . ' - ' ; : F , - • , ~ Due On Cless ••CN ~WS p~,~onN P~opsr~l? . ~ ~ ' ?auam T ~ _ T. _ ( o cnapt« 71 134 Acb Of 187t, • _ . . ~ ~ i:. ~ ~~1 1 RO(iER P01TpqSg - - - ~ - - C~sn~ C~rcuit Cou?L S~ Lucis. Co.. Fi~. 1'OGETHER WITH all impro~•ementa now or hereatter t~x•atecl on s:~id rea) pro~xrt~• an~1 all (ixtures. .~ppli:~m•e~. :~p~~.~ratus, equipment, heating and air conditioning equipment, machinery and articles of per~nal property :~nd replacement thereof (other than those owned by lesaees of said real property) now or hereafter a((ixed to, att.~ched to, placed u~~on, or used in any wUy in conneetiun with the complete and comtortable use, occu~~ncy, or opention o( said rn.~l pmE>erh~, all lirnnses and permits used or required in connection with the use ot said real pro~>erty, all leases of said rnal pro~~erty nmv or herea(ter entered into und all right, title and interest of A7ortgagot thereunder, includinR withoul limitation, cash or securi- ties deposited themunder pursuant to said leases, :~nd all rnnts, issues, proceeds, and profits accruing from s:iid re:~l pro~xrty and together with all pra•eeda of the ~ron~~ersion. ~•oluntary or involuntxry of any of the foregoing into r.~sh or liyuidatecl claims, including M•ithout limitation, pmrc~ds of insurance and condemnation awards (the toregoinA said re.il pro~xrty, tangible and int~~nRible personal pro~~erty hereinafter referred to us the 141ortg.~~~~ci Pro~~eny?. l~tor~~.?Qor hemh~~ Rr.~n~s to MOft$:IP,C'E! A security interest in the fomgoinR de~•ribed tanRible :ind inGinRible personal pro~~erty. 'I'n HAVE AND TO HOLD the AtortRaRed Yro~~ert~, tc~ether with all and singular the tenements, heredifaments :~nd appurtenances thereunto belonRinR or in anywise ap~iert.~ininR and the reversion and m~•ersions thereof and all the estate, riRht, title, interest, homcstead, dov~•er and right o( dower, ,epar.de estate, ~~ossession, cl:iim and demand ~hatsoe~~er, a~ well in law as in equily, of ~tortRaRor and unto the same, a~d even• ~~rt thereof, w~ith the :~ppurtenances of MortRa~:or in :~nd to the s:ime, and e~•ery ~k~ct and ~k~n-el thereo( unto MortKaRee. Mortgagor v?•arrants that it has a good and marketable title to an ind~teasible fc~• frstate in the ~1urtR:~Kec! Pr~qx•rh• subject to no lien, charge or encumhrance except such as ltortgagee has :~greecl to ac~•ept in writinR and MortRag~rr i•o~en:~nts ~ th.~t this Mortgage is and will remain a valid and entor~•eable first mortgaQe on the Atort~aRed Pro~~erty suhject only to th~~ j exceptions herein pm~ided. MortRagor h:is tull Ew~~er and law~tul authority to mortRaqe the tllorigaRecl YroE?erty i~ thc~ ~ manner and (orm hPrein done or intended hernafter to be done_ MortQaRor will pregen•e such title and will forever w:~rr.int = and detend the same b I~1ortQa~ee and will fornver w~rr.~nf and defend the ~~~lidity and priority the lien heren( aR:~inst ' the claims o! all ~ersons and {k~rties Mhomsoever. i ~ Mort~;agor will, at the cost of MortgaRor, and without ex~~ense fo Mort~:~Ree, do, exe~•ute, acknow~ledRe and deliver ull and e~•ery such further acts, deeds, conveyances, mortRages, .~4siRnmenta, notices ot a~signment, transfers and :~SSUr.mces :~s ~ ~lortgaRee shall imm time to time require in order to presen-e !he priorify of the liedof this MortQaRe or to (acilitate the Ex rformanc•e of the terms hereof. ~ ~ YROVIDED, HOWEVER, that i( 111ort~.~Kor shall p:ry lo ~11ortRa~ee the indehtednes.s in the principal sum of t~ 12~OOU.00 e~idenced by that certain promicsory nate (the Note1, o( even date herewith, executecf by Mortgagor and payable to order ot Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced hy hlortgagee to or on behalf of MortQaQor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgaqe heing c@~t l~ 1Q88 , and shall perform all other co~•enants and ~ eonclitions of the i~'ote, all of the terms of which Note are ~ncor~wr.~ted herein by re(erence as thouRh set forth fully herP- in, and of any renew~al, extension or m~ification, therc~?( and of this MortRage, then this :~tortRage :~nd the estate hereby ~ ~•m:~ted shall cease and ferminate. htortRaRor further i~om•enants and ugrees with MortRa~ee as follows: ~ ~ 1. To ~~y all sums, inctuding interc•st se~vred hereby when due, :u provided for in the Note and any renew•al, extension ~ or mocii(ication thereof and in this Mort~age, all such sums to be payahle in lawful money o( the United Statc~s of Amc~ri~•:~ ~ at MortRaQee s aforesaid principal office, or at sach other place as :~iortRaRee may desiRnate in writinR_ ~ - 2. To pay when due, and without requiring any notice (rom :~tortgagee, all taxes, assessments o( any ty~~e or n~ture - :ind other charges le~ied or asses.ge~d ag.~inst the 113ortgaged Pro~~erty or this Mortgage and produce receipfs therefor uEwn demand. To immediately pay .ind discharge any claim. lien or encumbrance against the r9ortgaqed Pro~~rty v~•hich may be ~ or hecome superior to this MortgaQe and to permit no detault or delinquency on any other lien, encumbrance or charRe ~ aRainst the Mortgaged Pro~~erty. r~ 3. If required by MortRaKee, to also make monthly deFwsits with 1~1ortKaRee, in a non-interest t?earinR account. to- gether with and in addition to interest and principal, o( a sum equal to one-twel(fh ot the yearly tazes and assessments v?•hich may be levied against the Mottq~Red Property, and (if u~ required) one-tweltth ot the yearly premiums for insurunce thereon. The amount o[ such taxes, asaefssments and premiums, when unknown, ahall be estimated by 14toriQaRee. Such de~x~iis shall he used by MortRaQee to ~k~y such taxes, asqessments and premiums when due. An_y insu(ficiency of such ~ ~ -1- e ~ •f ~ ~ ~ . ~k . ~ . ' _ _ . ' . . _ ' _ . ~ -y~ ~ ' ~i~ ~ ~ ~"'~"~i3 _ ta-~"~3.~ 'iYY~,~e~^ rE. . , ~ 's ~ ` . , T`*: ~ ~ ~ ~4-.a~ 7'i~.~ . ~ ~s ~ ' ll~~~' j l i ~'X„~„_~ "~Y„ ' ~ - r~a~. ' ' _ '+~'~,~C .,~3 _ . a:.iZys.'...,