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Home My WebLink About0112 q,leswi ~ ~ . MORTGAGE DEED AND SECURITY AGREEMENT ~ . TNI3 MORT('sAGE DE~D (the MurlgeRe), dated ru o( September 28 ~ 19~~ , I~y und between Jimmy L. Pauley, Sr. and Linda S. Pauley, his wife . Ihereinatter esilled Mortgagur) and $un Bank Of St. Lueie COllAty •~V1OR `~n offirenl Fort Pieree, , Florida (hereina(terculled Mortqugee); W1TNE33ETH, that in conaideration oi the premisea and in orde~ /o aecure the {xiyment of both the princi~k~l ot, and intereet and any other sums payable on the note (aa hereinatter defined) or thia Mottgage and the perfo~mance ond ob- sen~ance o[ all ot the proviaiona hereot and ot said note, Mortgagar hereby grnnts, eells, wartants, aliens, remises, releases, conveye, naeigns, transters, mortgages and seta over nnd con(irma unto Morlgnqee, nll ot Mortgagor'e eatute, riRht, tit~e nnd inte~eat in, to and under ail thnt certain ren) pro~~erty aituate in St _ ja~i~_ Coun/y, Floridu more ~u~rlic•ul:~rly deacritxd ns (ollowa: ~ The West 50 feet of the East 315 feet of the North 1/2 of Lot 13, J. I. KELLEM'S SUBDIVISION, as per plat thereof, recorded in Plat Book 3, page 85, of the public records of St. Lucie County, Florida, less the North 350 feet thereof. / / _ ~ , _ ' . _ ~ _ r ~ . . 1 Reoslwd • O. ~ In Paymsnt O( TaxM l / . ~ _ . . _ ~t t t j - ~f. _ ~ ' ~ ' Ous On Cisst "C" Iflt~fqible Personsl PrOp~fly. `f ~ t , r ~ • • , . $ ' ` r ~ pursuaM To C~1~ 7~ ~ Acts O(1971. ~ " - - .:a:.: _ ~ J~ r ^ ~ ~ ~ = --h__ ` , . - , - • ` C~NM CIIpl1f Ci0{~L LYCN. r.0., ~i. T(X;ETHF.R WITH all impn~vements now or hemafler tocateci on s:~id real pro~~rty and al) (i:tures, applian~•e~, ap~~ratus, equipment, heating and air conditioning equipment, machinery and ~rticles ot personal pm~~erty and replacement thereof (other tlu?n those owned by lessees of said reul property) now or herea(ter aftixed to, attached to,~plac•ed u~wn, or used in any way in connection with lhe complete and comtortable use, occu~wncy, or operation o( said real property, aii + licenaes and permits used or required in connection with the uae of said mal property, all leases ot said renl pro}~erty now or ~ hereatter entered into and all right, title And interest of MortRagor thereunder, including without limitAtion, cash or securi- ties deposited thereunder pursuant to said lenaes, and ail renfs, isaues. proceeda and protita accruing from said real property and together with all proceeds of the com~ersion, voluntary or involuntary ot any ot the foreRoing intn cash or liquiclated claims, including. without limi~ution, pra•eecls ot insurance and condemnntion ~warda (the ioreRoing said real property, tangible and intangible personal property hereinnfter rnterred to as the Mortgaged Property). Mortgngor hereby Kranls to Mortgagee a security intereat in the foregoing described tangible and intangible personal propeHy. TO HAVE AND TO HOLD the Mortgaged PropeHy, together with all and singular the tenements, hereditaments :~nd appurtenances thereunto belonging or in anywise appertaining and the re~ersion and reversions thereof and all the estete, right, tiHe, interest, homestead, dower and right of dower, separate estate, poBSession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the same, und every part thereof, with the appurten:inces ot MortgaRor in nnd to lhe same, and every ~~ert and ~~an•el lhereof unto MortgaRee. Morigagor warrants that it has a good ~nd marketabl~ tiUe to an inde(easiMe fee~ cwtate in the MortQaReci I'ro~~rty suhject to no lien, charge or encumbrance ezcept such as Mortgagee h;~s agreed to :ueept in writing and ylortgagor cot~enants { that this Mortgage is and will remain ~ valid and enforceable tirat mortgaRe on the Mortgaged Property subject only to the ~ ezceptions herein provided. Aiortgagor hsis tull ~~ower and lawful :iuthority to mortgage the 111ortgaged Pro~~erty in the manner and form herein done or intended hereafter to be done. MortgaRor will presen•e such title and Mrill forever warrant :ind defend the same to MortRaqee and wiU forever warrant and defend the validity ~nd priority o( tke lien hereof :~Qainst , the clnims o( all persona and partiea whom~ever. Mortgagor will, at tNe cost ot Mortgagor, and without expense to Mortgagee, do, eYecute, ac•knowledge and deli~•er :dl i and every such further acta, deeds, e-onveyances, mortgage's, agsignments, notices of a.s4ignment, transfera t~nd ~ssurances as ! Mortgagee sh.aU trom time to time require in order to pre~serve the priority o( the lien nf this Mortgage or to facilitate the i perforrru~nce of the terms hereot_ I ; ~ YROVIDED, HOWF.VER, th:~t if Mortgagor shall ~~:iy to MortgaRee fhe indebtedne.s~ in the principal sum o( s S~~, ~Oa. Q~- ~e evidenced by that certain promissory note (the Note), of even date herewith, .executed by E Mortgagor and payable to order o( blortgngee, with interest and upon the terms as provided therein, and together with all { ; other suma s~dvunced by Mortgagee to or on betwlf of MortRagor pursuant to the Note or this Mortgage, the final m~turity * ~ dale o( the Note and this Mottgage being ~etol~er 10 ~ 1988 , and shnll perform all other covenants and € conditions of the Note, all o( the teriiia of which Note are incor~wrated herein by mterence ae though set forth tu)ly here- ~ in, :~nd of any mnewal, extenaion or mocii(ication, thereot and oi Ihis MortRage, then thw 114ortgage and the estate hereby created shall cease and terminate. 4 ~ MortRs~Ror further convenants and agrees with MortgaRee aa tollows: ! . [ 1. To pay :~ll sums, including interest secured hereby when due, as pmvided (or in the Note and ~ny renewal, exter?Hion ~ ~~r modiii~•ation thereof and in this Mortgage, all such sums to be payable in lawful money of the United States o( Americ:~ at MortRagee e afores~aid principal o(fice, or at surh other place a.g MortqaQee may designate in writinR. ' 2. To ~~y when due, and without requiring any notice from Mortgager, all taxes, assessmenta of any ly~?e or nalum ' and other c•harges levied or assessed againat the 1ltortgaged Pro{~erty or ihiH t~tortgage and produce receipta therefor upnn ' dem:.nd. To immediutely pay and discharge any claim, lien or encumbrance ags~inst the Mortgaged Property which may t~e ? or become su rior to thia Mort~aRe and to rmit no defaalt or delin uen on an other lien, encumbrance or ch;~ryte : ~ t~ Pe q ~'Y Y aQai~st the Mortgaged Property. l - 3. If required by Mortgagee, to also make monthly de~wsita with Mortgagee, in a non-intereat bearing arcount, to- gether with and in addition to interest and principal, ot a sum equal to one-tweltth oi the yearly tazes and aasessments which ~ may he levied against the Mortgaged Prop~rty, and li( so required) one-twel(th o( the yearly premiums (or insurance thereon. The amount of auch taxea, aasesamenta and premiums, when unknown, shnll be estimated by MortgaRee. Such $ de~x~sita ~hall I,e used by MortgaRee to pay such ta:e~, asAesaments and premiums when due. Any insufficiency of such ~ ~ !r t ~ . ; . - . ;~~~~c~,~ r~ ~ ~ CA~t~'~- FOFtE , . , . . ,~i ~ ~ - _ ~ ; , _ - - , ~ ~ ~ T;z~~~ { ~ ~ ra-~": . ~~i;,