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MORTGAGE DEED AND SECURITY AGAEEMENT~
'1'H1R MUIi'1'GA(il~. Dl~.M:1) Ithe Murignge), duttvl i~s of ~ n~*~~+Q*- n, 19~$ by ;~nd I~~tw~vn
TREASURE COAST OIL, INC.
Ih~v~•inultrr c+~U~~c! MoHKuRur) und SUN BANK OF ST. ~,U~'IE COUNTY , ha~~inK :~n
ullice at Ft. Pierce , Flu~id~ (h~•rriru~ftcr ~•~ill~vl l?1~?rtKugrr?:
W~TNF.g3l:TN, thul in ~~un~ideniti~,n of the premi~+ea und in ordcr to se~•un the ~N~ymNnt uf Fwth the ~,rinci{K~I u(, IIO(I
interest and uny other ~ums ~wyable on Ihe ~otc (as hereinnftrr definecl) o~ this Mortgoge and the ~~rfojmam~ und ob-
een+uni~e ot al) of the provieioru~ herr~l iind ot ~:~id note, Mortgagor hereby grnnta, eella, warrnnta, ~ilien~, rrmisrs, mleu,~.
cunveys, ;iasigns, trnnster~, mortgnKex und ec•la over and ~v~nfirms unt~i Mortgi~ger, s~u of MoirtR+~gur's ~~xlyde, riKht, tiUe und
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interest in, to nnd und~•r ,ill Ihs~l ~~e~tain reul pru~Mrty situ:~1~• in St. Ll1Cl@ ~.~,i~nty, r•i~ri~i,~ m~~re ~?:~rli~~ul:~rly
dcMCribrd aA (ollows: ~
The Southeast Quarter of the Southwest Quarter of the Northwest
quarter lyin~ South of Okeechobee Road, in Section~l9, Township
35 South, Range 40 East, St. Lucie County, Florida EXCEPTING
THEREFROM all easements for public roads and drainage canals.
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7'(x:F'CNF:f2 WITH :~II impn,vi•m~•nts now or ht•r~~:i(ter I~x~:it~~l un ~:~id n•al ~~nqN~rly and :dl tixtun•x, :~~,~,h:~m.•w,
ap~~:~r.~tux, ~~c~ui~,m~•nl, he.~lin~ :~nd air ~•unditiu~~nK e~yuip~nenl. m:u~h~nery :~nd arti~•lex nl ~xrx~~~ud ~?rn~N~rty and n~Pla~•i•rnivil
th~•re~if lother than thuae ~,wncd t?y lexuectis ot sa~id resd pro~ierly) now ar herr:~(ter :dtix~Yl to, :~tt:u•hed t~,, pl:u•~•d u~wn, ~~r
uwYl in :~ny w.~y in i~unne~•tii>n with thr ~•omplete and ~•nm(ortuble use, ~xru~?;u~~•Y. nt u~?er.~tion uf w:~id rral pru~?crty. :~11
lu•~•nHex :~nd ~,ermits u+~l or reyuin~d in ~•onncytiun vvith !he uae o( H:~id re:~) ~rro~ierty, :ill Ir:~nr~s ~if K:~id real pro~x~rty now ~~r
hert:dtrr entercvl into and ~II riqht, title and interrst ~f MortRs~~nr thereunder, in~•IudinR wifhout limitati~?n, c~a~h ~?r w•~-uri i
tit~e+ d~•~N,HitcYl therrunder purau:~nt tn w:ud IeasE•n. a~d sdl rrnts. innuea. pr~xriYla. antl profita r~+rruinR trom ~uud real pr~~{x~rly
:~nd tuRt•ther weth all pnH•erxla of the i•onverxion, voluntary ur involunt:~ry aoy o( lhe (nrr.RoinR int~, c:~xh or liyu~dativl
rl:umH, ~ni•ludinx withuut Iimit.iUon, proc•erds o( insurtinre aind ~~ndemni~tion aws~rcla Ithe forc~Roin~ eu~id n.~l pro~xrly.
4~nKilde r~rul inu~nKible I~rsonal pro~~erly herninaRer refermd to .u~ the Mortiu~grd Yro~ieNy). MorlRnKur herelry Rr.~nla
to Mor~Ks~gee n xcr•urily inlereel in the torc•g~,ing d~~•riF~vl tanRible and intunRil?le ~wrrK~nsil ~~rr~{~er[y.
TO HAVE AND TO HOI.D the Mortgaged Pru~~erty, t~*rther with :il) and aingular the tenementx, hercYlil:~meptA :~n~!
:~p~?urtem~n~•c~ thereunl~~ Ix~longing nr in anywiue a~?{rrrt:~ining and the rrveroion and revere~ions thereuf und cdl the est:it~•,
riRht, till~•, •intereK+t, homeR~P.I(I, dower and riqht of dower, xe•~?;~rate rxt~~te, ~H~xsrxsion, ~•luim and drmand wh:drNx~er, a+
wril ~n I:~w ar~ in equity, ~~f MnHgagor :~~d untu th~• x;~me, and every ~?:~rf fherc~f, with thF :~ppurt~n.in~ex ~~f MortK:~Ror in
:~n~) tn Ihe e~~me, sind evPry ~uirt :ind ~u~n•el theteof untr~ MnrtK:~Ke~•.
MurtKagc~r warr.~ntx th:~t it h:~x K~HKI :~nd m:~rke(ahle hN~• tn :~n ~nd~d~.~»ibl~• I~~~ rxl:~t~• ~ri the• MurtKaKiyl 1'nqN•rlv
,uhjiyt to nu lien, rharge or en~•urnbra~~~c excepl sui•h as MortK:~q~ hax aKnr~! tu a~•cept in wnUng s~nd MurtKagor ~•o~er?:~nt~
thal t„i,. M~~rtR:~Ke ix :~nd will n•rn:~in a v:~lid :~n~1 i•nfur~•eable (irc;t murtK:~Kr un the lllurtKaKc~ !'ro~w•rty subj~K•t onlY t~, thr
rx~vpliun» hrrein proa-ir1~Y1. 114ort~C:~R~ir FIAY IUII ~NIK'P~ :~nd I:iw(ul aulh~?rity to mr~rtK:~Kr thv 141~?rtKaKc~1 I'r.qxrrty in IhF•
m:~nner :~nd form herein dnn~ or int~nrliYl hPreafter to M~ ~lanF. MortQ.~Ror will i?r~rvr «u~•h tiUe and wilt forever w:~rrs~ot
:~nd ~ie(end the x:~me to MortRaR~~ :~nd will forev~r w:~rr:~nl :~nd detr.nd thP validity :ind prinrify th~ li~~n hrr~~f :~K:~ins~
thr ~•laime of :dl ~x~r~,ns and ~?:~rtic~n whoma~x w~r.
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I~ MortRaRor will, at the t•~mt o( h1oHg~K~r, s~nd withuut ex~x•nxe t~~ M~,rtR:~Ker, d~~, exeti•ute, s~cknowledKe :~nd di•livF•r :dl
~ :ind ~•very xurh further arte, dc~Kl~, i•onveys~nrc~x, mortK:~RFrs, atgignmF•r?tx, nutii•~y+ n( :i~usiRnmenl, tranafen :~nd :~rwur:~n~•i~+:~~
~ ~~~~r1K%~Kf'e 9h:~11 from tim~ fo timr r~~uirr in ord~•t lo prt~rv~• Ihe prinrify of th~ li~n of thi~ Morta:iKe nr to !:u•ilitatr~ Ih~•
{ ~x•rtormnnrP o( th~ terms hrr~?f. ~
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~ 1'1tUVInEI) HOWEVh:R, th:~f i( 111urtK:iKor shall ~r.~y 1~~ A1ortK:~~w• th~• in~lrl~t~Ylnc~xs in the prin~•ip:d s~un ~~I
~ S 92 ~ ~~d • 00 :~s eviden~•tKf I~y th:~l ~•ert:~in {?r~~mir~xury nute Ith~• hr~tel. ~~f ew•n d:~le herew~th, ex~~•ut~~l t~y
! M~,r1KuKur and payable t~, ord~•r of MnrtK:~Ree, wilh intert~xt and u{x,n th~• term~ :~s pruvidrd thrrein. and t~,Keliu r with all
' uth~•r xutnx :~dv:~n~•EY1 hy MurtKuKtK• t~i ~~r un t~h: f( Ms~ nr ~ ~t tu thr N~,Ic or thie MortK:~K~, thc (~nal mafurity
~Sc~o`ber `'f`t~ Y~`~~
~ Jafr nf th~ Nute and thia M~?rtg:~Kr t~einK ~ , an~l ahall ~~er(cirm all other rnvenantn :uid
~ ~~unriit~ona of th~• Note, :~U uI the trnnx uf whirh Not~ are in~•~~r~x~ratcK! herein by refer~•n~•t• :~a thouRh xet (orth fully hc•r~•-
! ~n, and uf :~ny ren~~w:~l, E•:tens~un ~~r mrxlifi~:~tiun, ther~Y,l :ind of tbix MurtanK~e, then thix lllurfK:~Ke and Ihr cast:~la hi•mby
; i~r~ :~t~•d ah.dl ~•ea»e and t~•rminatv.
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~ MortaaRor (urthrr (Y)II~'Pnanlx :~n~l :~Kr~vs with MorlKaKi~• aa (~?Ilowe: _
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'I'o p:~y, :~11 Rumx, in~•IudinR intert~nt struretl hereby when due. :~s prov~dcYl lor in the• Note :~nd :~ny rene•w;~l, ~•xt~•nr~un
~ ~~r rn~xl~li~•:itiun thr•r~N~( :ind in thia Mur1K:iKe, :dl xu~•h xumx tu I~r p:~ynbl~• in Ir~wtul munry th~~ Unit~Yi tit:~t~w of Am~•rn:~
af :Nur1Q:~K~v'n :~far~~a:ud prin~•i~r.~l offi~•e, ~~r :~t xu~~h uthrr plnre :~H MortKax~K• mnV d~~iKn:~te in wnt~nR-
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c 'l. 7~0 ~~ay when dur, :~nd withoul n~e~uirina any nutii~e lrum M~,rt~uq~~e, :~1) taxt~x, an}wicxmentx :~ny ty~~e or n:~lun•
:~nd o1h~•r ~•h.~rK~w lev~ecl ur :~a.w-n~x~d .~K:unxt thr M.~rt~:~g~Kl Yro~x~rty or th~a MortgaRe :~nd prwlu~•e re~~•~iptx then•tor u~x,n
d~•~n:~n~f. '1'0 ~mmcYli:~tt•ly µ~y and di~harRe r~ny rl~im, lien or en~•umbrani•e s~KainAt lhe MurtRaReK! Ym~xrty whi~•h may tN•
' ur fN•~ ~~me au~~eri~?r t~, thie Mort,TuKe ~~nd t~? ~~rmit n~? de(ault or dFlinqu~•n~y on uny other licn, en~•umbranrr ~~r ~•h:~rRr
~ :i?;:~invl Ihe MorlK:i~(tY) Y~n(n•~ty.
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i :3. I( rryu~rEV) by Mur1K:~K~y. to :~In~~ m:~kt• munlhly d~~~x~x~lx wtth MorlK:~ge~•, ~n a non-int~•r~•xt FH•arinR ai~rount, i~~ -
~ Krth~•r w~th ~~nd in s~d~LUon tu ~n1efPY~ ;~nd princ~~?al, r~f a xum ryual to ~nr-twel(th of the ye:irly taxex sind s~~sexxmf•ntR whirh
% rn:~y iN• IfK7f•d :~iC:~~nal 1he A1nHK:uc~•~I Pro~x~rly, nnr) lil xo nV~u~rw1/ ~?n~~-fwelflh of the ye:irly premiums fnr in9ur.~n~•r• ,
~ Ih~•r~•on. ThN :~mount r~f su~~h t:~xeq, :~w+N»xmentr :~n~l prF~miume, when unknuwn, xh:dl fx~ ~timattvl by MnrtKaKfr. 5u~•h
; dFryN.~~tx yh:ill f~e uraYl by MorlRaKr•~• t~? p:ry Hu~•h I:1IP8, :1lW('%tIRIPf1IA and ~?rem?unu when due. Any insu((icien~•y u( gurh
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