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Home My WebLink About0164 '.t1VVV~ . / • ' ~ MORTGAGE DEED AND SECURITY AGREEMENT 1'HIS A10R'I'GAGE O1:hD (the hlorigi~ga:), dat~vl ius of September 6, 1y78 , ~~y ;inci I~rtw~t~•o Melvin T. Folbrecht and Ann S, Folbrecht (hereinfi(ter ~•~tllcd MorlRaRor1 und Sun Bank Of St . Lueie CO1111~~1 , ha~•inK un utfi~~e at 111 Orange Avenue , FOrL Pierce , Florid.~ Ih~~reinattcr ~:~U~~ I~lortguge~ WITNESSETH, thnt in considett~tion o( the premises t~nd in order to sec•uce the {u~yment of twth the princi~~.~l ot, and internst nnd any other suma Fx?ynble on /l~e note (ns heminatter de(ined) o~ this Mortg.~ge and Ihe perform~nce nnd oh- aervance ot al! o( the pro~•isions hemot nnd ot said note, htortgngor hereby grants, sells, v~•urrs~nta, aliens, remises, rnleasc~, conveys, ussigns, trr+nsfers, mortguges tind sets over nnd contirma unto MortR:~Ree, all ot Mortgagor's estt~te, riRht, title and interest io, to and under ail) that certnin real pm}~erty situate in Sr .T-tt[`~ L ('ounty, Florida morc: ~~:~rtirularly descritxd na followa: Lot 7, Less the W 10 ft., Lot 10, Less the W 20 ft., Blk. 9, Carlton's Addition. as per plat thereof on file in Plat Book 1, _ Page 167 of the Public Records of St.Lucie County, Florida. . ~~J ~ . MoeiMSd t ~ - ~ ~ ~'+sy~nt 01 Ta~ ~ - - - ~ . ~ ~ ~ Oue O~ Class '•C• Imarq~te Psrsa~si Pro~tiy , , n~ ~ , ~ ~ r _ _ ~ ' _ , . ~ P~want To Chapter 71. 134. • . Acts OI 1871. ~ _ ~ . . _ , = - y ROGEii PQITqqS ~j ~ Z. ~ V~ S C~IC Circuit Cou~t. SL 4~d~. Co.. Fla. _ ~ TOGETHER WITH all impm~•emcnts nuw or herea(ter 1«•aled on s:~id m:~l proF~erty~ and :~I~ fixture~r, applianci•~, :~pparatas, equipment, heatinR and uir conditioninR equipment, machinery and articies o( persona) pro~x•rty and replacement thenof (other than thoae ow•ned by lesgees of ~id real property) now or hernalter a(fixed to, attac•hed to, plac•ed upon. ~r used in any way ir, connection with the complete and comfoHable use, occupancy, or o~~eration ot said reul pro~~erty, alt ' lic•enses and permits used or required in connc~•tion with the use of said rnal property, all leases of s:~id teal property now~ or hereafte~ entered into and all right, title and interest of Mort~agor t6ereunder, including without limitation, i•nsh ~r se~~uri- tirs deposited thereunder pursuant to s:iid leasc~s, and ali renls, issues, proceeds, and profits accruing from said re~el ~>ropert~• :~nd together with a!! proceeds ot !he conversiun, ~•olunt:~ry or in~~oluntary ot any o( the (oregoing into c<~sh or liquidatecl claims, including without limitation, proceetls o( insurance and condemn:~tion a~ards _(the foregoinR said real property, tanRible and inG~nRible personal pmperty herein:?fter relerrcd to as the MortAa~ed Pro~~erty~. rlortRagur hereby Kranfs to Mortga~;ee a securify interest in the fore~oing desc•ribecl t~nRible and int~~nRible personal pro~~ert>. I '1'n HAVE AND TO HOLD the MortgaRed ProF~erty, together vrith all and sinqular the tenements, hereditaments ;~nd ' ; :~ppurtenances thereunto helonginR or in anywise apperiaining and the revetsiun and reversions {hereof and all the estate, i rip,ht, title, interest. humestead, dower and right o( dower, se~k~r.~te eslate, pos.cession, claim and demand whatsoever, as E well in law as in,equity, of A~ortRn~or and untn the same, and every p~rt thereot, w•ith the appurtenances ot htortKa~or in i and to the s:~me, and e~~ery (k~rt ;~ad ~~:in•el thPreof unto Morl~aRee. I ~lortgagor warrants that it h.~s .i ga,d and m.~rketable title to an indt•fe.~sible (er estate ~n the MortRa~cK1 Pm~~rtt• aubjec•t to no lien, c•h~rge or enrumbran~•e exrept surh as hiortgagee has u~reed to aci-e~~t in w•riting aind MortR.~gor ~-o~en:u~t. th~t this 11~orfgaRe is and wiU rem:?in a valid and enforceable titst mortg:~ge on the ~tortgaged Pro~~erly sulrjec! oniy to th~ exceptions hertiin provided. AlortgaRor has full ~ww•er and law(ul authority to mortg:~Re the :~tortgaRecl Pro~~erty ~n th~• m.~nner and (orm herein dc~ne or intended hereaker to F?e.done. Mort~;aRor will presen~e su~h tit[e Tnd v~•ill forever warr:~nt and defend the same to MortKa ee :ind a•i)! fore~~er w•arrant :ind defend t ti••~ ' R he ~ l~dity :ind ri~ritv thp lien herc~! :~inst n . K the ~•laims of all }~ersons and {~rties whon~~?ever. t~lortRagor wi!!, at the cost ot 1'(ortRaRor, and without expense to MortRagee, do, eYecute, :~cknowledRe and deli~~er :dl and e~•ery such further acta, deeds, conveyances, mortKaRes, a~iRnmenta, notices d assiRnment, transfers and assur.~nc~es as MortRagee shall fmm time to time mquire in order to pre~n•e the priority ~f the (ien of this hfortRaRe or to /acilifale thP {~erforman~•e o[ the terms herenf. YROVIDED, H0~1/EVER, that i( 1~1ort~a~or shall ~~:ry tn AtortKaRee the indebtednesc in the princi~~:il sum ~~I - S-~S ~ Qn~ _ .~s e~~iden~•c~c1 by that ~~ertain pmmissory note (the IVote?, of ecen dat~ here.cith, exe~vterf hv MortgaRor and payable to order of I~tort~aRee, with interest and upon the terms as pm~•ided therein, and together w•ith alT other sums .?d~•anced hy ]1lortgaRee to or nnOC~a1f qf~~1q~t~~r pursu.inl to the Note or this Mortgage, the final maturity d:~te nf the Note and this Mortgage being 1 ~ 1 , and shall ~?erform all other ~•ovenants and ~•onditions of the i`TOte, all o( the terms of whi~-h Note are incor~x~rated herein t~y reference as thouRh set forth tu!!y h~re- in, and af any mnewal, rxtensiort or mcx~e(icateon, thereof and of this MortKage, then this ~lortgage and the estate herrhy ~•reated shall cease and terminate. Ntortga~or turther ~•om•enants :ind :~Rrec~ with I~1ortgaRee :+s followg; 1. To pay ail sams, including interest sec•urecl hereby w~hen due, as proti~ided for in tbe Note and any renewal. extension or modifis•ation thereof and in this :~lortRaqe, all such sums to be ~~ayable in l:~wtul money o( the United States of Acnc~ri~•a at T1ortQaKee's a(ores:~id principal office, or at su~•h other place as ~4ortRaRev rna<< desiQnate in w~ritin~. 2. To p.~~. when due, and without reyuiring any notice (rom A4ortgagee, all laxes, assessmentx of any tyl~e or n:iture and other charges levied or assessed against the A4ortgaged Pro~x~rty or this Mortgage and produce receipts therefor uE,on demand. To immediately pay and discharge any ciaim, tien or encumbrance against the Mortgaged Property w•hii~h may be~ or become superior to this ~lfortgage and to ~~ermit no default or delinqurncy on any other lien, encumbrance or charge :~Qainst the :14ortgaRed Property. ' 3. If reyuired by D1ortR:+Ree, to also m:ike monthly deposits with blortRagee, in a non-interest I~earing account, to- Kether with and in addition to interest and princi{h~l, of a sum eyual to one-twelfth of the yearly t~~:es ~nd assessments which may be levied against the hlortguged Property, and li( so required) one-tweitth of the yearly prnmiums for insuranee thererm. ~ The amount of such taxes, assessments artd premiums, when unknok•n, shall be estimalcKl by MortRagee. Such de~~osits shall he usc~ by hlortQaKee to pay such taxea, :i;sessmen~q and premiums v?•hen due. Any insu(ticiency of such T'~ftt-. T • _ " • • vL.. I~,..t - . . ~ • G• i- ~L FORE 6UOK ~V~ PA~,f 1~~ , ~ . ~ - ~ ~ - ~ . - - - - ~ I~I ~ Y " ~ _ ~ ~ ~ :"-=i'-~~`•~'x'~~~."~-~.+-~ r~'~.-Y '2s _ ' " ' _ . :.:u ~ ,