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Home My WebLink About0541 415~96 . : ~ • J . : ~ MORTGAGE DEED AND SECURITY AGREENIENT THIS MORTGAG~ DEE:D (the Mortgaga), cleted os ot August 24~ ~ 19 ~s, by s?nd betw•een Salvatore Scognamillo, a sinqle adult and Judy Scognamillo, a single adult, lhereinu~ei~cntiY~~Tor(gagor) a~i~~ of St. Lucie County , having un otfice at 111 S011th 2Ad. St. ~ Fort Pierce, , Florida (hereina(ter es~lled Morigagee): WITNE33ETH. that in consideretion ot the premiaes and in o:der to secure the ~yment ot both the principal of, and interest and any other sums payable on the note (as hereinetter detined) or this Mortgage and the performance and ob- servance ot all ot the pmviaions hereo[ and of eaid aote, Mortgagor hereby grants, eells, warrants, aliens, remiaes, releases, conveys, a~igns, tranaters. mortgages and sets over and contirms unto Mortgaaee, all of Mortgagor s eatate, riRht, title and interest in. to and unde~ all that certain ceal property situate in St_ i..~ci s+ County, Florida more particularly described as (ollows: Lot 10, Block 4, Bel-Aire Estates, as per plat thereof on file in Plat Hook 14, Page 21, of the Public Records of St. Lucie County, Florida; with improv~ents of 1965 Greatlakes Mobile Home 1OX50 Serial # 4G9BSOlOF2N7398 with all improveaents on said lot. / ~ - , ~ . ; . - _ J: ? ~.e.+wa~ M~„r„n,~a~ $ ~ ~ r^ - . . ~ ~ L ' :t r : ~ ; . ~t, ~IN ~f1 ~ ~~i ~II~~~f10Mr~~f~ . . ~ . i _ : ,t, ~ _ . - ~ ~ , ~ To cti.o+.~ r. ~a4. w. a ~m. , . . . ~ - ++oc~n Ponti?s ~ - - . . _ cNr1c arou+t court, St. t~oM? ar. 'I'O('ETHER WITH all improvemc~ta now or hematter located on s~id real property and all tixtures, applian~tis, apparatus, equipment, heating and air conditioning equipment, machinery and articlea of personal property and mplacement thereof (other than those owned by lesseea of said rnal property) now or herea(ter af(i:ed to, attached to, placed upon, or uaed in any way in connection with the complete and com(ortable use, occupancy, or operation of said real property, a~ll lieensea and permita uaed or required in connection with the use ot said real property, all Ieases of said real property now or hema(ter entered into and all right, title and interest of Mortgagor thereunder, inclading without limitation, cash or ~uri- ties depoeited thereunder pursuant to said ?eases, nnd all rnnta, issues, pra.~eeds, and profita accruing trom said real property and together with all proceeds o( the conversion, voluntary or involuntary o[ any of the toregoing into cash or liquidated claims, including without limitation, proceeds o( insurance and cvndemnation awards (the foregoing said mal property, tangible and intangible persona! properiy hereinafter reterred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foreguing described langible and intsingible personal property. ' TO HAVE AND TO HOLD the Mortgaged Property, together with ali and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead, dow~er and right of dower, separate estate, possession, claim and demand wh~tsoever, as well in law as in equity, of Mortqagor and unto the same, and every part thereo(, with the appurtenances of Mortgaqor in - and to ihe same, and e~•ery part and parcel thereo( unto MortRagee. ~ Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the MortgnRed ProE~erty subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing nnd Mortgagor co~•enants that this Mortgage is and will mmain a valid und entorceable first mortgage on the Mortgaged Property subject only to the ` ezceptions hetein provided. Mortgagor has (ull power and lawtul authority to mortgage the Mortgaged Proi~erty in the ~ manner and torm herein done or intended hereafter to be done. Mortgagor will preserve such title and will torever warrant ~ and de(end the same to MortAagee and wiil forever warrnnt and defend the validity and priority ot the lien hereot aK~inst s the claims of all persons and parties whomsoever. ~ Mortgagor wili, at the cost o[ Mortgagor, and without expense to biortgage~e, do, execute, acknowledge and deliver :~11 = and every auch further acta, deeds, conveyances, mortgages, assignments, notices ot assignment, tranafers and asaurances as ~ Mortgagee shall trom time to time require in order to preaerve the priority of the lien of this Mortgage or to (acilitate the ~ performance ot the terma hereof. • ' - a ~ PROVI~ ED HOWEVER, that if Mortgagor sh:ili ~~y to Mortgagee the indebtedness in the principal sum ~ot ~ a 12,243.45 ~ evidenced by that certain promissory note (the Note), of even date herew~th, ezecuted by ~ Mortgagor and payable to order of Mortgagee, with intereat and upon the terma as provided therein, and together with all other suma advanced by Mortgagee to or on behalf of Mortgagor pursu:~nt to the Note or this Mortgage, the (inal matarity ~ date of the Note and this Mortgnge being -~latlst 24s 1985 , and shall per(orm all other covenants and conditions of lhe Note, all ot the terms of which Note are incotporated herein by reference as though set forth fully hem- ~ in, and of any renewal, e:tension or modification, thereot ~nd of this tllortgage, then this Mortgage and the estate hereby _ ~ created shall cease and tem?inate. ~ Mortgagor further convenants and agreea with Mortgagee aa tollowa: ~ 1. To pay all sums, including interest sc~ured hereby when due, as provided tor in the Note and any mnewal, e:tension ~ or modi(ication thereof and in this Mortgage, all sach sums to be payable in lawful money of the United States of America - at Mortgagee's aforeaaid principal o(fice, or at such other place as Mortgagee may designate in writing. ~ 2. To pay when due, and without requiring any notice trom Mortgagee, all ta:es, assessments o( any type or nature and other chargea levied or asseased against the Mortgaged Property or this Mortgage and produce receipts theretor upon ~ demand. To immediately pay and discharQe aqy claim, lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortgage and to permit no defnult or delinquency on any other lien, encumbrance or charge ~ ~ aRainst the Mortgaged Property_ . ~ fi 3. If required by Mortgagee, to also make monthly deposits with 1~lortgagee, in a non-intereat bearing account, to- ~ gether with and in addition to intereat and principal, of a sum equal to one-tweltth of the yeady tazes and aasesaments which _ may t?e levied against the Mortgaged Property, and (i( so required) one-twelfth of the yearly premiuma tor insurance ~ thereon. The nmount ot such tazes, assesaments and premiums, w6en unknown, ahall be estimated by Mortgagee. Such deposits ahall be used by MortRaRee to pay such taxes, assessmenta and premiuma when due. Any insufticiency of such ' 1H'S ~P:ST~U!t~i'7 ~r.".~~£D BY -1- r•r:~ C• t '•i `~n C~~int ari'. Ll ~:.t? J:• i..~Jvlli ~ . ~ G ' _ ?~,r,~! ~t7V PAGE ~ z~~~, - ~~an ~ . ..v_!:,, STilEET . - a` _ _ ~ ~ ~ : - I ~~.r~ ~~~;`,-~F ~rr ~ ~ ~ , " ~ ~ ~ :r~ x'r ~ - ~ ~ ~,.g,,. ,'~t . : . .~9