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Home My WebLink About0422 I'~ MORTGAGE DEED AND SECURITY AGREEMENT 1'EiIS AtOf2TGAG~ OF.FU Ithe I~loriRaR~). d+tt~Yl rtx oI AU~JUSt 7~ .~g78, by and ix~tw~ti•n Horatio Grisby, Jr. and Naomi J. Grisby, his wife Ihcreinuttcr ~•+~Ucd 1~lortgugor) :~nd $11I1 Bank Of $t. I,UCl@ County ~ h~~~,~~~K i1O otfi~r nt Fort Pierce, . Florid:~ lheminufter ~•:~Iled 111ortKag~~1: WITNES.SETH, thnt in coneiJer.?tion o[ the +~remi~ and in order to sr~vre the {xiyment of hoth the pri~ci~uil of, cind interest And nny ather sums ~xiyable on Ihe note (us herninatter definedl or this Mortgage and the performnnce and ob- ssen~nnce of all ot the proeisions hereot nnd ot said note, Mortga~gor herel,y grnnta, sells, warr.~nts, nliens, remiscs, rele.ises, conveys, assiRna, trnna(ers, mortgages und sets o~•er nnd contirn?s unto MortRa~ee, i~l) oi Mortgagor's ~slute, riRht, tiUe a~nd intetest in, to and under all thi~l ce~lain rral pn~{~etty situati•in $t. Lueie (y~unty, Floridu more ~?:~rlii'ul:~rly descrihed ~.s (oliows: Lot 11, Block 4, Irene Plaza Subdivision as recorded in Plat Book 9, page 33 of the Public Records of St. Lucie County, Florida. , lM~,Mwd ~ M~ h~n~N Of Ta» ~ - - ~ _ : - . i Ow On Claw "C" M~w~l~ P~no~~l h+op~ly. ~ ' ' . : ' . • ; , ` ' ' I Punwnt To Chapter 71.134. A~qs Of t~71. , . . _ - ~ - 1 , , . , . Q ~ , ; t ROOER POtTRAB ~ CNrk dtcuit Co+ut, ~~pi~. Co.. R~. 'T(KETHER V1~'ITN all improvements now or herNatter 1«•ated on s:~id real pro~~rrty and all (ixtures, appli:ince~, appar.itus, equipment, heating .+nd air conditioning equipment, machinery and arlicles o( personal pro~~erty and repL•~~•ement t}:ereof (other than those owned by lessees of said mal pro~~erty) now or hereafter a(fixed to, attached to, placed upx?o, or useci in any way in connection vrith lhe complete aind comfortable use, occup:~ncy, or o~~er.ition of said reul proi~erty. .~ll licer?ses and permits used or required in connec•tion vvith the use ot s~id mal pmperty, all leases of s:~id mal pro~~rty nuH~ ~~r hema(ter ente~cd into and all right, title and interest o( MoHR.igor themunder, including without limitation, r:~sh or se~•uri- ties de~wsited thernunder pursuant to said leuse~. and ~11 renis, issues, proceeds, nnd profikc accruing (mm said real property and together wilh .ill proceeds ot the com~ersion, voluntary or im•oluntnry of any ot the fomgoing into cash or liquidated claims, including without timitation, pra~eeds o( insurance and condemnation awards Ithe tornRoinR said mat property, tangible and intangible personal property herein:ifter referred to as the Mortg.iged Yro~~erty). A1drtRaKor herehy Rr.ints to Mortgagee a security interest in the (oreRoinR descrit?cY1 tanQible and intanQible personal property. TO HAVE AND TO HOI.D the '~lortgaged Pro~~erly, tagether with all and singul~r the tenen~ents, hereclit.~ments and appurtenances thereunto belonginR or in anyw•ise appertaininq and the ce~~ersion and re~•ersions thereui and ail the est~te, riKht, title, interest, homestead, dower and 'right of dower, separ.de estate, possession, claim and demand whatsoever, as well in law as in equity, oi Mortgagor and unto lhe same, and e~~ery ~wrt thereof, with lhe appurten:~nces of ;11ortRa~or in and to the s:~me, and e~•ery part :~nd ~?:~n•el thcreof unto rto•t~aRee. MortRagor w•arrants that it has gaxl and markrtable tiNe t~~ an indt~feasible fe~• est:ite in the ~1or1~:~Keci I'n~~x~rt~ subjec•t to no lien, charge or encumbrance except such as Alortgagee has :~greed to a~•cept in writing and MortRagor coti~enants 'i that this HtortgaQe is and will remain valid and entorceable tirst mortgaRe on the MortgaRed Pro~~erty subject only to the ~ exceptions herein provided. Mortgagor has tull ~wwer and I.~wful authority to mortgage the Nortgagecl PmE~erty in the ~ manner and torm herein done or intended hereafter to be done. hiortRa~or will presen~e such title and v?•ill (omver warrant ~ and de(end tfie samp to Mort~aRee nnd will lom~•er warraM :~nd def~nd the ~:+lidity ~nd priority of the li~n hereo( aRainst ihe claims of all persons :~nd parties whomsoe~~er. f Mortgagor v?i11, at the cost of ~lortgagor, and without ex{~ense to MortR:+Ree, do, execute, acknow•ledRe and deli~~er all ~ and even such (urther acts, deeds, con~eyances, morlRaQes, assignments, notices of assiRnment, trans(ers :~nd assurances as ~ 1lortgaRee shaU (rom time to time mquire in order to presen•e the priority ~f the lien of this hlortRlKe or to facilitate the ~ ~~ertormance of the terms hereof. ~ PROVIDED HOR'EVER, that if titortgagor shall p:i~• to MortR.iKc~• the indel~teclnesti in the princi~u+l sum of . ~ S 2770• ~d .~s e~•idenced by that certain promissory note Ithe Note1, ot even date hereM•ith, executed hy Aiortgagor and payable to order of t1'lortgagee, with interest and upon the terms as pro~~ided therein, and together with all other sums advunced by MorigaRee to or on behal( of Mortga or pursuant to the Note or this Mortgage, the final maturity date of the Note and this 11'Iortgage being August 2~ ~ 1g993 , and shall perform all other covenan4s and conditions of the Note, all of the ternis ot which Note are incor~~orated herein by reference as though set furth (ully herr.- ~ in, .~nd ot any renewal, extension or moditic:~tion, there•o( :~nd of this blortRaQe, then this ;~tortgage and the estate herebv ~~m.~ted shall cease and terminate. . ~ t~iorl~aRor further rnn~•enants and aRmes with MortK.iRee :iS IO~M~44: ~ 1. To pay all sums, including interest secured hereby when due, as pro~•ided (or in the Note and any mnewal, extension ~ or moclification thereof and in this MortRaRe, all such sums to be payable in lawful money of the L7nitcct States of Ameni•a ~ at 1~1ortR:~Ree'a a(oresaid principal otfice, or at such other place as 1~tortg~Ree may desiRnate in writing. ~ 2. To pay when due, and without requiring any notice (rom Mortgagee, all 4~xes, :?ssesaments ot any type or nature :~nd other charges levied or :isses.9ed against the Mortgaqed Pro{~erty or this Mortgage and produ~e receipts there(or u~zon demand. To immediately pay and discharge any ~~laim, lien or encumbrance against the MortgaRed Pro~~erty whic6 may be - or become su~~erior to this Mortg.+Ke ~nd to ~ermit no de(ault or delinquency on any~ other lien, encumbrance or charRe a~;:~inst the Mortgaged Property_ ~i 3. If required by 1~1ortK:~Kc~. to also make monthly .de~,osits µ•ith Mort~aQee, in a non-interest F?earing account, tn- ~ether with and in addition to intereat and principal, of a sum equal to one-twelfth•ot the yearly taxes and assessments which ~z may he levied aqainst the Mortgaged Property, and (it so required) one-twelfth o( the yearly premiums for insurance thereon. The amount of such taxes, asaessments and premiums, when unknoWn, ahall be estimated by MortgaRee. Such de~wsits shall be usec! hy Mort~aRee to pay such taxcw, asvessmentg and premiams.when due. Any insutficeency ot such ir„ r.. - . - • . . ~ ~i~.~ r. ~ • _1 y~ -1- . A~ ~ CAROL FOftE 1,~, Z,~z, f~;':: ^ ~,t _ - ~ . , . . . . t: . ~ r.: : ; . .,+,r . /'.~~'c"y - k :.'y ~ -~r ~:J- : ~ i" ~ ~~'*~~,~,~~-~"~+.+.ps"'tisr-~ q~'~;.,,r..'~^^~~`-u. ~ m "~""~-~'~+r ~'T ~ z. ~ ~ : `"~'~g ' ~ S°~.~ '~^'a~ ~ ~ ;v~r . _ -r _ ~