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Home My WebLink About0963 41'71 1% ~ , ~ . • ~ l ~ ,Y : ) M~RTGAGE DEED AND SECURITY AGREEMENT THIS MORTGAGE DE~D (the Mo Seatember 12 1r`" K8+~6e1. duted as ot ~ 19 hy :~nd betwern Charlie Matthews and Ethel Hatthews, his wife (hereina(ter cnlled MorigaRor) nnd SuA BArik Of St. LuCi@ COUIIty , hnvinR :~n o(tice at 111 Orange Ave. ~ Ft. Pieree. , Floricia lhereinafte~ culled Mortg:~g~e); WITNE33ETH, thet ir? consideretion ot the premiaes and in orde~ to aecure the payme~t of hot6 the princiEx~l ot, and interest and any other sums payable on the note (as heteinattet detined) or this Mortgage and the pertormance and ob- eervance ot all ot the pwvisions hereot and ot said note, Mortgagor hereby granta seils, warranta, aliens, remises, relensea, conveys, assigns, trenaters, mortgagee and seta over And confirn~s unto Mortgagee, aU of Mortga~goi a estate, riRht, title ilnd interest in, to and under al! tlu~l certsin real property situate in _ St Lucie County. Flurida more ~x~rticulnrly described as toUows: Lot Seventeen (17), Bloclc 1t~o (2), in Killer's Addition to Lincoln Park, as per plat of said Subdivision of record in Piat Book 7, page 32. ; ~ ~ ~ + - - ~ - - - - - ~ r , , - - ~ ~N1 Of T 1XE= - 7 . ; 't:" f"' r~ . . ~ ~0 S~~=s-_ ~ PJ~ tA. ~ ? - ; ; r; ` • y ,~ASS iR~ •ac6 91.. P ha0tlat PSIOPERTY~ E:- _ ;1'~'. c 1•. • S . , a :isi, -t•t t~.~''-',``'F - - M~IYS1{~ TQ C{~~A ~-i.~ A~.S ~ - - ~ It 1 _ . . _ , ~ ~ ' . ' _ U ~G. ~ J j R0~ t~C1E ~ ~ i q~~ C011fYT. TO('F.'TH~R WITH all improvements now or hrreatter lo~:~ted on s;~id real pw~?erty and all (ixtures, appli:~ncr:, apparatus, equip~nent, heating and air conditioning equip~nent, machinery .ind articles ot personal pro~~rty and replacement thereof (other than those owned by lesgees oi said rnal property) now or hema[ter affixed to, attached to, pluceci upon, or used in any way in connection with the complete and comlortabte use, occuµancy, ot operation o! said real property, all licensea and permita used or required in connection v~ith the use o[ said real property, all leases o[ s~id real property now or hereufter entered into and all right, title and interest of Mortgagor thereunder, including without limilation, cash or se~•uri- tiea deposited thereunder pursuant to said teases, and all renta, issues, proceed.q, and profits accruing from s:iid real property and together with all pro~~eeds ot ihe rnm•ersion, voluntary or involuntary of any of the toregoing into cs~sh or liquidatecl rls~itns, including without limitation, proceecls of insura~ce and condemnation awards (the foregoing suid teal property, tangible and intangible personal ptopetly hereinafter reterred to as the Aiortgaged Property). Morigagor hereby gr;~nts to Mottgagee a security interest in the furegoing described tangible and intangible personal pmperiy. TO HAVE AND TO NOLD the MortgaRed Property, together with all and aingular the [enements, hereciitaments and ap~~urtenancee thereunto belonging or in anywise appertaining and !he re~•ersion and rnveraions thereof and ull the esta+te, right, title, interest; homestead, dow•er and right of do~er, separate estate, possession, ctaim and dem:~nd whatscever, as well in law tts ih equity, of Mort~;agor and unto the same, .ind e~•ery part thereof, with the appurtenances of I~tortRaRor in and ta the same, and e~~ery part and ~~:~rcel t~ereof unto 141urlRagee. ~Mortgagor warrarits that it has a good and markelable title to an indete:?siMe (ee estate in tF~e MorfR:tRecl Pm~~erty subject to no lien, cha~ge or encumbr.~nce e:cept such as Rlortgagee has agrned to accept in writing and Mortgagor roti•en:~nt~ ; that this Mortgage is and wi11 mmain a valid and enforceable first mortgage on the h4ortgaged PropeHy subject only to the 'i exceptions herein provided, btortgagor has full power and lav~ful :iuthority to mortgage the Mortgaged Property in the manner and form herein done or intended herea[ter to t?e done_ MortAagor wi[I prnserve such titie And will forever warrant and defend the same to Mort~tagee and wiN forever warrant :md detend the validity.and priority of the lien hereof :~R~inst the claims of all persons and parties whomsoever. Mortgagor will, at ihe cost ot Mortgagor, and without e:penae to Mortgagee, do, execute, acknowledge and deliver all and every such fUrther acta, deeds, com•eyances, mortga~Ces, assignments, notices ot assignment, transfers and assuranoes as Mortgagee shall from time to time require in order to pre.gen•e the priority of fhe lien of this Alortgage or to facilitate the performance of the terms hereof_ ~ PROVIDED, HOWEVER, that i( Mortg~~gor shall ~~:iy to Mottgagee the indebtedness in the principal swn of a J5417.53 as evidenced by that certain promissory note (the Note), of even date herew~ith, executed bp Mortgagor and payab)e to order of Mortgagee, with interest and u~n the terms :~s pm~~ded therein, and together v?ith all other sums advanced by 11TortgaRee to or on behalf ot ~lortgagor pursuant to the Note or this Mortg:~ge, the final maturity date of the IVote and this Mortgage being September 6, 1983 , and shall perform all ather co~•enants and ; ~ronditions ot the Note, all of the terms o[ vrhich Note are incorporated herein by reference as though set forth fully here- ` in, and of any renewal, extension or morlification, thereot .»d of this MortRage, then this Mortgage and the estate hereby cmated shall cease and terminate. MortgaRor turther convenants and aRrees with Mortg:~Ree ,is follows: 1. To pay all sutns, including interest secured hereby when due. as prove~led for in the Note an~ .~ny renew•al, extenaion or moditication thereof and in this Moriqage, all such sums to t~e payable in law(ul money of the United St~?tes of America at MortRagee s aforeazid principal olfice, or at such other place as MortgaRee may designate in writinQ. 2. To pay when due, and withuut requiring any notice (rom l~fortgagee, all taxes, assessments of any type or nature and other chargea levied or asses.4ed against the blortgaged Property or this Aiortgage and produce receipts th~re(or upon demand. To immediately pay and discharge any ctaim, lien or encumbrance :~gainst the Mortgaged Pro~~erty which may be or become superior to this Mortgage and to ~ermit no default or delinquency on any other lien, encumbrance or c~h:~rge against the Aiortgaged Property. ~ t 3. If reyuired by Mortgagee, to also make monthly deposits M•ith ~lortg:+gee, in a non-interest F?earin~ accuunt, to• _ gether with and in addition to interest and principal, ot a sum equal to one-twelith ot the yearly ta:es and assesKments which may be levied against the l~iortgaged Property, and lit so required) one-twelfth of the yearly premiums for insur.~nc~ thereon. T~e amount of such taxes, assaesements and premeums, when unknown, shall be estimated by htortgagee. Such de~~osita ahall be used by MorlRagee to pay such tazes, assessments and premiums when due. Any insui(iciency of such -1- $uox ~4 ~ - ~ _ - . - - - - _ .,.w ~ ~Cj ~ ~ ~ ~ ~ ~ t ~ _ Y ~ ~ ; ~ ; ~~r~~ 5 ^q~~'S~x ' - .4~-~~ '~~~~3~3:.a.~: &.~i'i~~~~~ n$ 9" ~2`x l . _e.~tp~-^-.,:.~: