Loading...
HomeMy WebLinkAbout0691 ~,15,~ y~ ST-39,681 / ~ , . , ~_9 MORTGAGE DEED AND SECURITY AGREEMENT " THIS MORTGAGE DE~D (the Mortgttge), dated ss of »ql~ct 24~ , 18~,$, hy ,ind betwe~o PAUL D. STANTON ~ (hereina(ter cnUed Moctgagor) and SUN BANK OF ST. LUCIE COUNTY , having an office at 111 OrBIlqe Avenue, _Ibrt Pierce , Floricla (heminutter culled Mortgi~gee) : WITNE99ETH, thet in coneideration o( the premiaes and in order to secure the payment of both ihe princi{ud of, and interest and any other sume payable on the note (as hereinatter de[i~ed) or this Mortgage and the pcrtormance and oh- servance ot all of the proviaion~ hereot and ot seid note, Mortgagor hereby grnnts, eella, warranta, aliens, remisee, releases, _~~__t~~ ~..~e e...i ......1:..... ..nfn Mnrfsaem ol) ..F 11Anrf~avnr'~ YlIA~P ri~tif Ii/~P wn[~ a.ucaLCjs, caaaags3~ azusuuso. b=+b ::.:u :~_a _:tl: ~ ~ - - . 113vL1 L.T interest in. to and under nll that certain•rea! property aituate in VSt. LuCi.~unty. Florida more ~~articularly described as followa: Lot 267, less the North 237.5 feet and less the West 325 feet of the ~ South 104.1 feet and the North ~i of Lot 272, less the South 218.25and less the W.325 feet of the North 113.7 feet, AN~NDED PLAT OF AETNA PARK, according to the Plat thereof, as recorded in Plat Book 7, page 41 of the Public Records of St. Lucie County, Florida. ~ ~ _ } t :-i:. - . . - . . . % _ . ! R~e'~sM~d ~ ~ b P+~yir~nt 01 TaoN ~ ; t ~J l. ~ ~ ~ I. ~ J I !!1 • Il• ~ ! V~~ {I~~ ~~I ~1 . _ , ~ E Y . , ~w~M To cr~.pa. ~sa. A?a. ot ~a». ' •J v~ - . . . . , V~~:- ti J ~i. ~ ~ , - ~Mi~f~ rVt~~ ~~~Z - - ' - . _ ' . Mww YAb7O~ W~L~ ~ ~ Mh~ 1'OCETHER WITH all improvements now or hereatter located on said real property and all tixtures. .ippliunc-es, ~ apparatue, equipment, heating and air conditioning equipment, machinery and articles of peisonal property and re~~lacement thereof (other than thaee owned by lessees of esid mal property) now or herea(ter afti:ed to, attuched to, placed u~on, or ~ uaed in any way in connection with the complete s~nd comtortable use, occupancy, or operation of said reul property, ~~11 licenees and permits used or required in rnnnection with the use ot said real pmperty, all leases of said real pmperty now or hemafter entered into and all right, title and interest of MortRs~gor thereunder, including without limitation, cash or sec•uri- ties deposited thereunder pursuant to said le.~ses, and all rents, issues, pro~.~eeds, and profits accruing irom said real property and together with all proceeds of the conversion, voluntary or involuntary of any ot the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property, tangible and intan~Cible personal property hemiru?fter re(erred to s~s the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the (oregoing described tangible and intangible personal property. ~ ~ - TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hemditaments :~nd appurtenancea thereunto belonging or in anywise appertaining and the reversion and reversions thereof And all the estate, right, title, interest, homestead, dower and right ot dower, separate estate, possession, claim and demand whatsoecer, as i , well in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenances of I?lortgagor in ; and to the same, and.e~•ery part and ~rcel thereof unto MortgaRee. ! - ~ Mortgagor warrants that it has a good and marketable title to an inde(easible fee estate in the Mortg.iRed Pro{,erty < ~ subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Morlgagor co~•enanis s that this Mortgage is and will rem:iin a valid ~nd enfomeable first mortgage on the Mortgaged Property subject only to the eaceptiona herein provided. Mortgagor has ful) ~wwer and law(ul authority to mortgage the 1~lortgaged Pro~~erty in_ the r manner and torm herein done or intended hernafter to be done. Mortgagor will presene such tiNe and will forever warrant ~ ~ and defend the same to 1liortgagee and will fore~~er warrnnt .ind defend the validi~v and priority ot the lien hpreof against ~ the claima o( ali peisons and parties whomsoe~•er_ Mortgagor will, at the cost ot Mortgagor, and without ezpense to blortgagee, do, ezecute, acknowledge and deliver all and every aueh further acte, deeds, conveyances, mortgages, assignmenta, notices of assiRnment, transfers and assurs~nces as ~ - = Mortgagee shall trom time to time require m order to presen•e the priority of the lien ot this Mortgage or to iucilitate the ~ performance of the terma hereot. PROVIDED, HOWEVER, that i( Mortgugor shall ~iy to Mortgagee the indeMedness in the principal sum ot s~p,nnn_nn as evidenced by that certain promissory note (the Note), ot even date herewith, ezecuted by ~ biortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and togethet with all other siims advanced by Mortgagee !o or on behaif of Mortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being Sept m~ 1~ 7 993 - , and shall perform all other covenants and ~ ' ~ conditions of the Note, all .of the terms of which Note are encorporated herein by mference as though set forth fully here- in, and of any renewal, eatenaion or modification, thereot ~nd of this Mort~cage, then this Mortgage and the estate hereby ~ created shall cease and terminate. ~ Mortgagor further convenants and agreea with Mortgagee as tollows: , - ~ ~ 1. To pay all sums, iacluding interest secured hereby when due, as provided tor in the Note and any renewal, e:tension or modi(ication thereof and in thia Mortqage, all such aums to be payable in law(ul money of the United Statea ot Americ:~ - at Mortgagee a aforesaid principal otfice, or at such other place as Mortgagee may designate in writing. y 2. To pay when due, and without requiring any rsotice irom blortgagee, all ta:es, asses6ments of any ty~~e or nature ~ ~ and other charges levied or as.gesaed against the Mortgaged Property or this Mortgage and produce receipts theretor upon demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be ~ or become superior to this Mortgage and to permit no default oz delinquency on any other lien, encumbrance or charge ~ aKairust the Mortgaged Property. r x 3. If required by Mortgagee, to also make monthly de~wsits with Mortgagee, in a non-interest bearing a~count, to- ¢ gether with and in addition to interest and principal, of a aum equal to one-tweltth of the yearly taYes and aasessments which ~ may be levied against the Mortgaged Property, and li( so required) one-tweltth ot the yearly premiums (or insurance ~ thereon. The amount ot such taxes, asses~mente and premiume, when unknown, sha11 be estip~ated by Mortgagee. Such ~ de~wsita ahall be usec! by Murtgagee to p~y such taxes, assesaments and premiums when due. Any insuf[iciency ot such ~ ~ , ~ ~ U A i~ ~ 00~ ~~J PACf ~ - ; ~ j .y 1 , . _ - - - - - - ~ ~ ~ ~ ~4 ~ - f . . . . . . ~'r~~.i~;==.'.., _ . . .