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Home My WebLink About0882 41~959 , ~ / MORTGAGE DEED AND SECURITY AGREEMENT ~ THI3 MORTGAGE DEED (the Mortgage), dated ua of ^~r 2 , 19Z8 , by und belwee~ EVELYN N. COBLB ' (hereinatter called Mortgugar) and SUN BANK OF ST. LUCIE COUNTY having un ~ oifire at ~11 Ox'dnqe Avenue, Fort Pierce , Florida (heteinafter called Aio~lgugee): - i W1TNE33ETH, that in coneideration ot the premiaee and in order to secure the payment ot both the principal ot, and { interest and any other eums {iayable on the note (aa hereinalter defined) or this Mortgage and the performance and ob- ' aervance ot all of the pmviaions hereof and ot said note, Mortgagor hereby 6rant~, sella. warranta, aliens, remisea, releases, } conveys, aesigns, tranaters, mottgages and seb over and rnnfit~ns unto Mortgagee. atl of Mortgagor s estate, riRht, title and interest ia, to and under all that certain res) properiy situate in St. Lucie Cou~ty, Florida more {~rticulxrly ; described as follows: Lot 8 and the West half of Lot 7, Block 8, BILTMORS PARK,a Subdivision accordinq to the Plat thereof recorded in Plat Book 4, page 52 of the ~ ti Public Records of St. Lucie County, Florida. : ~ ~ II~o~IMM ~ ~ ~ /~M OIT~ ~ ~ ~ - -Y- , - , . , - L ~ ' : ; ~ ou~ On CIMS "'C' M+w~ h~or~1 ~tt?. s 1 ~ i:,.;~._~_n..~.:,~,~R~ Sl.~i.^_r-- ' h~twnt To LInp1~ 7t. ti~b AoM Of t~lt. . r, _ ~ . . . 3~` ; 4 c ~ i ~ ~ooEn Portw~s qa~ - _ ' D . - ~ . . ' . „ v {~ll \Aiw~ Wr~1 oY ~ ~ - i TO('ETHER WITH all improvements now or herea(ter locnted on said real property .~nd all tiYtures, appliances, apparatus, equipment, heating and air condilioning equipment, machinery and articles ot personai property and replacement thereot (other than those owned by lessees of said rea! property) now or herea(ter a[(ixed to, attached to, placed upori, or f u.ged in any way in connection with the complete and comfortable use, occupancy, or operation of said real property, all f licensea and permita used or required in rnnnection with the uae ot said real property, all leases of said real property now or herea(ter entered into and all right, title and interest ot Mortgagor thereunder, including withou! limitation, cash or se~•uri- ties deposited thereunder pursuant to said leases, and ail rent~, issues, proceeds. and profits accruing trom said real property and together with all proceeds ot the com~ersion, voluntary or involuntary ot any of the (oregoing into cash or liquidated cluims, including without limitation, procc~k ot insurance and condemnation awards (the fomgoing said real property, tangible and intai?gible personal property herein~fter re[erred to as the Mortgaged Propetty). Mortgagor hereby grants to Mortgagee a secutity interest in the toregoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Morigaged Property, together with all and singular the tenements, hereditaments :~nd appurtenances thereunto belonging or in anywise appertaining and the reversion and re~~ersions thereof and all the estate, right, title, iniereat, homestead, duwer pnd right of dower, sepamte estate, possession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the same, :ind every part thereof, with the apportenances o( MortRaRor in and to the sa~e, and every part and parcel thereot unto Mortgagee. Mortgagor warrants that it has a good ~nd marketable title to an indeteasible fee estate in the MortgaReci Pro~~erty subject to no lien, charge or encumbrance e:cept such as Mortgagee has agreed to accept in writing and Mortgagor coti•enants that this Mortgage is and will remain a valid and en(orceable first mortgage on the Mortgaged Property subject only to the j e:ceptions herein provided. Mortgagor has tull power and lawful authority to mortgage the Mortgaged Property in the ~ manner and form 6erein done or intended hereatter to be done_ Mortgagor will preaerve such title and will torever warrant € and defend the same to Mortgagee and will forever warr:int and defend the vnlidity and priority of the lien hereo( aRainst ~ the claims of all persons and parties whomsoe~•er. S Mortgagor will, at the cost of Mortgagor, and without e:pense to Morfgagee, do, execute, acknowledge and deliver all ; ~ and every such (urther acts, deeds, conveyances, mortgages, assignments, notices of assignment, iranstera and assurances as ` Mortgagee shall (rom time to time require in order to preserve the priority ot the lien ot this Mortgage or to facilitate the ~ performance nf the terms hereot. ~ PROVIDED, HOWEVER, t6at it Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of _ _ nnn nn as evidenced by that cettain promissory note (the Note), ot even date herewith, e:ecuted by 1liortgagor and payable to order ot Mortgagee, with inteteat and upon t6e terma as provided therein, and together with all other sums advanced by Mortgagee to or on behalt ot Mortgagor pursuant to the Note or this Mortgage, the tinnl maturity date of the Note and this Mortgage being ~tober 1. 1988 , and shall perform all other covenants :~nd conditions of the Note, all ot the terms of which Note are incorporated herein by reference as though set forth fully here- in, and of any renewal, extension or mod'elication, thereo( ~nd of this Mort~age, then lhis Mortgage and the estate hereby created shall cease and terminate. Mortgagot turther convenants and agrees with Mortgagee as followa: ~ 1. To pay all sums, including interest secured hemby when due, as provided foE in the Note and any renewal, e:tension ~ or moditication thereot and in t6ia Mortgage, all such sums to be payable in lawtul money of the United States ot America ~ at Mortgagee'a aforesaid principal office, or at such other place as Mortgagee may desiqnate in writing. _ ~ ~ 2. To pay when due, and without requiring any notice trom Mortgagee, all tazes, assesaments of any type or nature and other charges le~~ed or assessed againat the Mortgaged Property or this Mortgage and produce receipts therefor upon ~ demand. To immediately pay and discharge any claim, lien or encumbrance against We Mortgaged Property which may be ` ~ or become superior to this Mortgage and to permit no default or delinquency on any other lien. encumbrance or charge ~ aQainst the Mortgaged Property. ~ 3. If required by Mortgagee, to also make monthly de{x~sits with Mortgagee, in a non-interest bearing account, to- gether with and in addition to interest and principal, o( a sum equal to one-twelfth of the yearly ta:es and aseessmenta which ~ may be levied against the Mortgaged Property, and (it so required) one-twelfth ot the yearly premiuma for insurance thereon. The amount of such taxes, .asseasmenta and premiums, w6en unknown, ahall be estimated by biortgagee. Such deposits ahaU be used by Mortgagee to pay auch tazes, assessments and premiums when due. Any insu(ficiency of auch 4 . VWn~ ',~R ~ ' F- .e f@ ^*s~~ -Y ~ ~r,a ~ti~. r _ s _ ~..w: . _ . ~ _ ' . _ _ ' _ 4 ~ . ' .v'~.;.~':. vf ,