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Home My WebLink About0631 ~~8,7$~ ST-39,784 ~ ' r~ y,.• . ~ MORTGAGE DEED AND SECURITY AGRE~1~'I~NT THI3 MORTGAGE nEED (iha Morta~e), dated as o[ SeP~. 28 , 191$, by und between SIDNEY SAI,ONOrI, JR. AND JSAN K. SAI,Ol~ipN his Wife (heseinafter called Mortaasor) end SUN BANK OF 3T. LUCIE COUNTY , having an otfice at 111 OY8Ilq@ Avenue, FOYt Pi@IC@ , Florida (herein~fter cuiled bioHRugee); WITNE83E'l`H. that in consideration ot the premise~ and in order to secure the payment ot hoth the principal ot, and -intereat and any othet sums payable on the note (as hereinatter detined) or this Mortgage and the pertormanee and ~i~- servence of all ot the pmvisiona l~ereof artd ot said note. Mortgagor hereby srents, aells. warrants, aliens, remi~es, releases. conveys, aasisas, trensten. mortgages and sets over and contirms unto Mortgagee, all oi Mortsagor's estate, right, title and interest in~ to and under all that certain re~ property situeite in County, Florida more {~rliculs~rly described as tollows: Lot 101 PHASB I, HOLIDAY PINSS, accardinq to the Plat thereof as recorded in Plat Book 18, Page 16 and 16A through 16D, of the Public Records of St. Lucie County, Florida. ~ ~ ~ ~ i u ~ n.oNwd ~ li2 Z--~~..... M~ ll~nrcK a T.p. r- j = - ~ _ _ _ . ~ f A E _ _ ; _ r_. : . ~ . , n. On~ Oe Clr "~C" NNr~I~ll~norrl~ropwq, ~ U•:i C;; t. : F' : T t~ i~ Y S i i=i : r. ' i i ~ TO ~'ll~~t 71 ~A~ ~ ri71. t~~ r't VF K~Yc:I ' T ; s t . ~.7 _ . ~ ~ . { .1 ~ T1~/~7in ~A,~ . - 'B. ~ ' ~ . ~ ~C ~v. r1 i CNrk CM+CUk Cou~t, al. ~nd~l. Cia. R~.2 1'O('ETHER WITH all improvementa now or hereatter located on s:~id re~+l pto{~erty und all tixtures, applianrr~, apparatua, equipment, heating and air conditioning equipment, machinery and articles of personaf property and replacement thereof (other ti~an those owned by leasees of said teal property) now or hereafter a(fixed .to, attnched to, Eilaced upon, or ' used in any way in connection with the comPlete and com[ortable use, occup:mcy, or operation ot sAid real property, :~11 ~ licenses and permits aaed or required in connection with the use ot said real property, all leases oP s~id real property now or hereatteT entered into and ali right, title and interest of Mortgagor thereunder, inctuding without timitation, c•ash or aa~•uri- } ties depo~ited thereunder pursuant to said le~ses, :end al! tenb, issues, proreec~s, and pmtits accruing (rom said real propc~rly . and together with al! proceeda ~f the conversion, ~•oluntary or involuntary ot any ot the toregoing into cash or liquid~ted claims, including without limitation, proceeds oi ir?surance :ind condemnation awards (the foregoing said rnal propeHy. tangibie and iniangible personat property hereinafte~ re(erred to as the Mortgaged Property). Mortgagor hereby Krants to Mortgagee a secarity interes! in the foregoing described tangible and intangible {~ersonal property. 'PO HAVE AND TO HOLD the Mort a ed Pro ~erty, t ~ S R t ogether with al! and singular the tenements, heredit:~ments :~nd appurtenances thereunto belonKing or in nnywise Hpl~ertaining and the reversion and re~•ersions thereof and all the estate, right, title, interest, homestead, dower and right ot dower, sepante estate, possession, claim and demand wFu~tsoever, as ' well in law as in equity, of biortgagor and urtto ihe same, and rvery part thereof, with the appurten~nces of 111ortRaRor io ~ and to the same, and every patt and pamel thereof unto MorlRagee. . ; MoHgagor warr~nts that it has a good :~nd marketabte title to an inde(e:ixihie fee cstate in thi> Mortga~ed Pm~x•rty ~ subject tu no lien, charge or encumbrance except such as Mortgagee h;~s a~greed to accept in writing :~nd riortRagor i•o~'enants ~ that this 1liortgage is and will rnmain a~•alid and enforceable fi~st mortg.~Re on the Mortgaged Pro~~erty subject only to the ` eiceptions herein provided. Mortgagor has tull pow~er und law(ul authority to mortgage the Mortgaged Pro~~erty in the manner and fotm herein done ar intended hereafter to be dane. Mortgagor will preserve surh title and will torever wsirrant and delend the same to MorlRagee and will forever warr~nt and defend the va6dity and priority ot the lien hereof aRainst t the ciaims of all peraons and parties whomsoever. Mort{cagor will, at the cost ot Mortgagor, and without expense to Mortgagee, do, e:ecute, aicknowledRe and deli~•er all and e~•ery such iurther acts, deeds, conveyances, mortRages, assignmenta, notices of assignment, transfers and assurances as Mortgagee shaU from time to time require in order to preaen•e the priority ot the I~en of this MortR~Re or to f~c-ilitate the pertormance of the terma hereot. PROVIDED, HOWEVER, that if i4~(origagar shall p:iy to Mortgagee the indebtedness in the prinri~~al sum of ~ a 110, 000. 00 ~ evidenced by that certain promissory note Ithe Note), of even date herew•ith, e:ecuted by . Z Mortgagor and payable to order ot Mortgagee, with internst and upon the terms as pm~rided therein, and together with all other sums advanred by Mortgagee to or on F?ehalf ot MortgaRor pursu:mt to ihe Note or this MortgaRe, the final maturity ~ date of the Note and this 241ortgage heing tambor Z8~ ~97~-- : and sha(1 perform all other covenants and conditions of the Note, all of the terms of which Note are incor~wrated herein by refemnre ~s though set lorth fully here- in, and ot any renewal, extension or modification, thereof and of this 1ltortQage, ihen this Mortgage and the estate hereby } ~•re:~fed shal) cease and terminate. ~ f Mortgagor further convenants and agrees with Mortg:iqee us tollowa: 1_ To pay all sums, includeng interest secured hereby when due, ;is provided tor in the Note and any mneK-al, extension or moditication thereof and in thia MortRage, all such sums to be payable in lawful money of the United States ot Americ:~ ; at Mortgegee'a a(oresaid principat ottice, or at such other place as MortRaRee may desigrwte in writing. ~ 2. To pay when due, and without requiring any notice from Mortgagee, all ta:es, assessments ot any lype or nature ~ and other charges levied or assessed against the Mortgaged Property or thia Mortgage and produce receipfs therefor upon dem:~nd. 'I'o immediately µay and discharge any claim, lien or encumbrance against the 1tilortgaged Property whirh may be or hecome superior to this Mortgage and to permit no detault or delinquency on any other lien, encumbrance or charqe :+Rainst the Mortgaged Pro~~erty. ~ 3. If required by Mortg~gee, to also m:?ke monthly deposits with Mortgagee, in a non-interest bearing account, to- ~ gether vrith and in addition to intereat and principal, ot a sum equal to one-tweltth of the yearly taxes and asaessments which may t~e levied againat the Mortgaged Property, and (it so required) one-twelfth ot the yearly premiuma tor insurance- thereon. The amount of such laxes, assessments and premiume, when unknown, shall be estimated by Mortgagee. Suc6 ~ deposita shall be used by MortgaRee to pay such taxes, asses;+men~9 and premiums when due. Any insu((iciency af such ~ -1- ~ ~ t ~ :.~0~~~ iAGi OJ~