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Home My WebLink About0152 4166'7~3 sr-'9, ~2~ , . . , ' MORTGAGE DEED AND SECURITY AGREEMENT THIS MON7'GAGE DEED (the hloHg.~gel, dated as ot ~~g~a~, , 19~g, by und Ix~tw~rn ~1 OLIVER LEON WALKER (hemint~iter c»Ilcd MortRagorl and SUN BANK OF ST.' LUCIE COUNTY , harinR :~n ottice ut 111 Oranqe Avenue, Fort Pierce . FloriJ.i Ihen~in:+(tc•r ~•+~Iled l~tortKugee): WITNESSETH, thnt in consider.~tion of the premi9ea i~nd in order to secure the {~yment uf t?oth the princi{~:d of, nnd interest nnd any otheT suma {xiytihle on the note las hereinU(ter detined) or this Morigage and the performance and ob- servance o[ all o[ the proviaions hereof nnd ot suid note, MortRaRor hereby grnnts, srlls, warrnnts, :iliena, mmisrs, releascy. ron~~eye, aasigns, trunatera, mortg~ges and sets o~•er and confirn~s unto Mortg:~gee, ull of Mottgugor's estate, riRht, title :md interest in, to and under uU that rert:~in ~ral pro{~erty situute in St r,~+~-ie County, Flurid.i more ~xuti~•ularly described us tollows: ~ From the Northeasterly corner of Block 22 of PINEWOOD SUBDIVISION, run South 37 deqrees 08 minutes West for 72.0 feet to a point of beginning; thence continue South 37 deqrees 08 minutes West 72.0 feet to a stake; thence run North 52 degrees 52 minutes West 142.0 feet to a stake; thence run North 72 degrees 14 minutes East 29.35 feet to a stake; thence run North 37 degrees 08 minutes East 47.95 feet to a stake; thence run South2 degrees 52 minutes East 125.1 feet to the point of beginning, lyinq in PINEWOOD SUBDIVISION, as per plat of said subdivision on file in Plat Book 5 at page 24 of the Public Records of St. Lucie County, Florida. Also described as the South 48 feet of Lot 8 and the North 2~~~ f Lot 7, iBlock 22 of the aforesaid PINEWOOD SUBDIVISION. Received t'. ~ - p~ p~y~~t p~ Tsxes _i : - - " - _ ~ . _ . ~ ~ Du~ On Clssa "C' M~npibls Pr+~ao~~l Pr+opsnl?. ~ . , . . ' ' ' : . _ : ~ Purwant To Ch • . • , • - • _ ~ , s~ 7f.134. Aets 011871. . . ~ ~ E : noc~R Par~?s ~ -Z _ . . a«k a~c co~n. t~a.. ca. Fa. 'C(KETHER V1'ITH all impm~•ements no~• or hrre~:~fter 1«•atecl un k~id real pro~~erty and ~all (ixtures, appli:~n~•~•.. appar.ttus, equipment, he3ting and air conditioning equipment, machinery and articles ot per_v~nai proF~erty .ind mplucement thereo[ (other ttwn those owned by lessees of said real pro~~erty) now or hematter atti:ed to, attached to, placcd u{wn, or used in any way in connection with the ~romplete and rom[ortable use, occu}k~ncy, or o~~eration of s:~id retil pro{~erty, :~II licenses ~~nd permits used or requirc*d in c*onnection with the use ot s:+id real property, all leases ot ciid real pmperty now• or hereafter entercd into and all right, title and inlerest o( ~tortg:~Ror thereunder, in~•ludinR N•ithout limitation, ~•ash or ~~•uri- ties deposited thereunder pursuant to said le:~ses, and all rents, ~ssues, prcx~eede, and profits accruing irom s:+id reai propcrty a~nd together ~•ith al! procecYls o( the conversion, ~•oluntary or im•oluntary of any ot the toregoing into cash or liquidatttii claims, including w•ithout limituiion, proceecls ot insurance and condemnation aw~.irds (the fureRuinK s:?id mal pn?pert}•, tangible and intangible personal pro~~erty hereinafter refernYi to us the ~tortgaRed Pro~?erty). :11ortK.~Ror hereby Kr:~nts to Mortgagee a sec•urity interest in the (oreRoinQ desu•ritx~l tanKiF?le and intanKible ~~rsonal proEx~rty. ~ 'I'n HAVE AND 'I'n HOI.D the MortRaFed Yro~~eriy, tc~c•ther K~ith all and sinKular the tenementQ, herc~ciitam~•nts :~nd f :~ppurtenances thernunto belonRinR or in anv~vise ap~x~rt:~ininR .ind the re~•ersion and m~•ersions thereof and :~II the est:~t~. E riRht, title, interest, homestead, dower and riQht of dow•er, separ.~te estate, possession, ~~laim and demand w•hatsoever, a~ ~ wel! in I:iw as in equity, of :~'IortRaKor and unto the samc•, and every part therc~f, w•ith th~ appurtenan~rs of 111ortRaRor in and to the same, and e~•ery paH and ~x~r~•el therc~f unto ;11ortRaRee. :~tortgaRor w~arr.ints that it h:~s a gacxl and marketabl~ tiUe to an indefr.~sible tee estate in the 11ort~:~~~1 Yrn~,e~rh• subject to no lien, char~;e or encumbr,in~•e ex~•ept such as ~1ort~;agre has agreecl tu accept in H•ritinK and '~1ortQ:~g~~r i•o~~enants ~ that this l~iortgage is and w~ill remain a~•alid and enton•eable tirst mortRage on the 1lortgaged Pro~~erty subjei•t only to the exceptions herein pro~~ided. MortgaRor has (ull ~xswe•r and t:~wful authority tu mortR:~Ke the ~lorrtg:igecl Pro{x~rty in th~~ ~ manner and torm herein done or intendcd hereaHer to be done. MortRaQor w•ill preserve such title ~nd will (ore~•er warr:~nt and defend the same to I~1ortRaRee and will fore~~er w~arrant :md defend the validity :~nd priority of the lien hPreo! aRainst ~ the ~•laims of all ~~ersons and parties whomsoe~~er. ~ l~iortgagor will, at the cost of MortgaRor, s~nd without exE~ense to Mortgagee, do, execute, :~cknowledRe and deli.~er all ~ and e~•ery su~h further acts, dec~s, eom~eyances, mortKaRes, assiR~ments, notices of assi~nment, transfers and as.cur.~n~~ .~s ~ NtortgaRee shall from time to time require in ordPr to presen•e the priority of the lien of this l~tori~a~e or b facilitatF the ~ ~~ertorm:~nce o( the terms hereof. ~ PROVIDF.D, HO~VEVER, that if . 11ortR:~~or shall pay to MortKaKc~e~ the indehtedness in the principal sum o( ~ ~53.~,~:~ as e~~denced by that certain prvmis~ory note (the Note?, ot even date herew•ith, executed b~• ~ MortRaRor and paya ble tn order ot MortRaRee, wit h interest an d u{wn t he terms ac pro~•i d e d t herein, an d lo~e t her ~~i t h a l l other sums ad<<anced fiy MorlRaRee to or on behal[ of ;~1oriQaQor pursuant to the Note or this 1~1ortQaRe, the final maturity ~ date of the Note and this MortgaRe heing SP= t- 1~ ~ 993 , and shall l~erform all other c•m•enants ;~nd ~ ~•onditions ot the 1Tote, all of the terrr?s uf which Note are incor~wrate~d ht•re•in b~~ refcrenre as thou~h set torth fulh• here- ~ in, and of any reneK•al, extension or m«ii(i~atir~n, thereo( :~nd of this AtoriR:~~e, then this 111ortRage :ind the est~te herehy - ~•m:~ted shall cease and terminate. . ~ A1ortRaRor (arther ~'on~•enants and aRrees w~ifh 1~1i?rtRaRee ati (oliows: I. To pay all sums, ini•ludin~ interest sec•ured hereby when due, as pro~ ided tor in ihe Nute and :~ny renewal, extensi~m = or mrxfi(iration thereo( and in this 111ortRa~e, all such sums to he payable in lawful money of the LlnitcYl St~t~ ot Arneric:~ at MortRaRee s afore~~id principal o(fi~~e, or ~t such other pla<^e as Mort~a~tee may desiKn.~te in writinR. - 2. To p:~y when due, and without requirinq any notice from htortgagee, ~II taxes, assessments o( any ty~~e or nature V'~ and other charges levied or :issessc~ aRainst the hlorigaged Pro~~erty or this \7ortgage and produi•e receipts iherefor u{wn demand. To immediately p:~y and discharge any claim, lien or encumhrance ~gainst the ;?lortgaged Pro~~erty which may bc~ or }?ecr~me su{~erior to this 1~'lortg.+~e .~nd to permit no default or delinquency on an~~ other lien, encumbrance or charKe :~Fainst the MortKaged Pro~~eriy. , 3. If required by l~lortRaQee, to also m:~ke monthly de~x~sifs w~ith illortR.+Ree, in non-interest hearin~ account, to- ~;ether with and in addition to interest .ind prin~•i~?~1. ot :i sum eyual to one•twelf th of the yearly taxes and assessments M•hich may be levied ag~inst the MortRaged Pro~>erty, and li( u> rryuiredl one-tweltth o( the yearly premiums tor insurance thereon_ The :~mount of such taxex, :~ssessmeMS and premiums, w•hen unknorti~n, shall t~e esfimated hy ~lortqaKee. Such ~ deF~osits shall he userl by MortRaQee to pay such taxes, :~~se~ments :~nd premiums when due. Any insuf(iciency ot aueh ys3 ~ '<.-.4 1OV{ff1 M~/ ~ `~}L . . , . . .z _ - ~ - . _ = s~ ` ' ~~~':a ~'~;...~"-w. s:~ ,~..:,,.ze'~~r W : ~ a. . : - : _ ~v