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HomeMy WebLinkAbout0567 . 4;Zp621 ; , ~ ~ ' 4 i. . ~ ' MORTGAGE DEED AND SECURITY AGREEMENT '1'NIS M(lRTGAGE DIsEU Ithe MoNR,ut~~l, dul~rl .w oI ~t. 13 , ly~ , by :u~d I~r~Nr~•n JOSFPH RICHARDSON AND LSOI,~ L. RICHARDSON his wife Ih~reins~tfer cullcd Mortg+~goN and SUN BANK OF ST. LUCIE COUNTY , hnv~nR un ol(ice ul ~ 11 Orange Avenue, Fort Pierce , M Inrid:~ Ih~•nin:dter ~•a11iY1 Mo~tK:~K~r) : WITNF'3.SETN, that in coneidenitiun of the premisea »nd in order to secum the ~x~yment ot Fx~th ihe p~inripr+l o(, s~qd intereat nnd any other ~ums ~~ayable on Ihe note Ina hemina(ter definedl or thia MortRaRr ~nd the {~er(ormani~ and ob- servs~nce ot all ot the provisiona hereot and o( s:iid oote, Mortgugor hemby R~aola, sells, w¢~rranta, uliena, remi~n~, rele:~.ex, .~::t•~ys, assiRns, traos(ers, mortgages :+rxl sete over and confimna unto Mo~tgs~Ree, nll of MorIR:~Ror's ealute, riRht, tiUe and inlereet in, to and under all lhut certnin real pn?{~erly situatcin St_ Lucie ('uunly, Flurida murr ~,arti~•ul:+rly da~•rii~ed as (ollowr: Lots 9 and 11, Block 12 SUNNY ACRES as per plat thereof on file in plat book 8, paqe 25, Public Records of St. Lucie County, Florida. ~ n ~ . , 1lsoNwd b h~Nne~~t 01 Tw~ 7 ~ ~ - ~ r ~ ~ , . _ Du~ O~ Ctess "C' hNa~qbNPtina+~IProp~ty ~ i ~ s i_~. - 1 . ~ ~ - ~ ' ' ~ ~ - ~ Pixwant To Chapter 71. 134. Ae~s 01107'1. . . - . _ - ~ ~ ~ ROGER POI'T11A8 , _ . - . . . . ~ _ ` . ~ ~ ~ CNrk Circuit Court, St, ~uol~b ~o~. P1~. ~ T(Xil':THN:R ~4'17'N all ~mpro~•~•mrnts nuw or hi•n:~llcr lo~:~t~~d un ~u~l n:il pru~x•rl~~ :~nd all lixtun•s, a{q~li:~n~•r~.. :q?E~aratus, eyuipment, heatinR :ind air ~•unditionin~ equipnumf, m:~~•hinery :~nd :~rti~•I~w o( ~x•r~un:d ~~ro~h•rf~~ :~nd n•pl:a•~~me•nt fherc~f lother than th~~e ow•ned by~ Icssees of w~id m:~l pro~x~rty) nuw or here:~~tcr at(ixed to. utt:~~•h~•~1 to, E,Ia~tYf u~x~n, ~~r useY1 in anv v~av ~n ~•onncr•tiun with the com{dete and ~nmfort:~blc~ u~e, nrcupan~•y, r~r o~?eration ot s:~i~l r~.d pro{x~rty, all li~rnses :~nd ~x•rmits used or nY~uimd in conn~•tion with the usc~ ot s:~id mal prupc•rh•, all lea~u~ uf v~id n:d pro{N•rty noH nr hen.:fter entrnrl intu and al) right, Utle a~d ~ntrnwt u( ~1oHRuKor therrondrr, ~n~•IudinR wilhuut limit:~tiun, i:i.h nr u•.•un ti~•x d~•~x~sitrd thereunder pursuant tu ~;iid leasa~s, anJ all rents, iss~rs, ~~fUl'IYYIS, and prufits accn~inK trom ,:ud n•:~1 pru~N•rty and toRether with :~II pm~•~•eds o( thc ~-om~rniun, ~•uluntary or in~•~~lunt:~ry of any ot the (orrKuinK int~~ ~•ach or IiyuiJ:~t~•d ~•laims, including withuut limitation. {uoci~cKls ot inKUr.~n~•r :rod ~•undcmnatiun c~w:~rJs Ithe f~,re•KuinK s:iid n.~l ~~ru~K•rty, tanKihle and intanKible ~?crMU?:~) pro~x•rty hert•in:~fti•r referretl to as the A1ort{~:~~~Yl 1'tu~x•rtyl. ~1urtKakor hrr~•h~~ Kr.u~ln lo r1ort~agee a sec-urity interest in lht: (oreKo~nR d~•s~•riiKrl L•~nKible and int:u~K~blr ~x~ru,nal ~,ruEK•rty TO HAVE AND TO NOI.D th~ Mc,rt~aQMl {'ro~K•rty. t~y;rthe•r N~th all and SinQidar th~• t~~n~~m~•nfs, hi•nYtit:~numl~ :md :~E?~iurtenani•~s thereunto ix•IonKin~ nr in :i~yw~~~ce ap{N~rtaininR :~nd !he• r~~~i•nion and n~~•i•rs~ons th~•rcr~f :~nd :~11 th~~ ~~~t:it~•. n~ht, title, inferc~t, h~~meste:~d, duw•er :~nd riKht nf dna•i~r, s~~para~e ~t:~tr. ~~cw~ssion, ~•I:iim :ir+d dFm:~nd w•hats~x~~er. w~ll in I.~w as in equity, of ~1ort~aRnr :~nd ?~ntu th~ s:im~•. :ind ~•~~t~n' p:+rt th~m~~f, with th~~ :~ppurf~•n:~~~•~~~ ~~I A1~~r1~!:i~or in , :~nd to the wune. :~nd c•very ~~:~rt :~nd j~:~n•t•1 th~~reuf unto M~~r1~;aQcr~. UortRaR~~r warrant!; that it has:~ K~NxI :ind n~ark~•tahli• t~Ue to :~n ~nd~•(~:i~~bl~~ ~•stat~~ ~n ~h~• ~tort~;:~t~~~i 1'ru{N•r~~ cuhjr~~t to no lien. ~•h:uK~ ~?r eni•umhr,~m•e i•xrept such as \tnrt~;:~gri• has :~~n~v! i~~ :u•~•ept in NnhnK and A1~ttfKaK~~r ~•u•:~•n:~nts ' th:~t th~9 1~1ortR:~Kf• is ancl w•ill rc•m:~in v:did :inr1 ~•ntr~n~~•ahlr (int murtK:~~~~ on ihi• ~1ort~;a~Ke•~I i'r~i~Mrt~• .ubje~~t onl>• 1~~ th~ i c~xcept~ons here~n ~?ruviclc~l. 111ortKaKnr has ~UII ~NIK'Pr :~nd I:~w(ul authunty tu mortKaKe tht• MortK:~K~'~t 1'ru~k•rty ~n th~~ j manner and form herein done or int~•nde~1 here:dter to I~c~ done. M~~rtKaRor v~~~ll preaerve su~•h litle and w~ll torrver v?:irrant ~ :~nd (IPIPnd the v:~me to MortRaRe~ :lD[I K'III ~O~P~'P~ W:I~~:~nt and defend th~~ va6dity and pnontp o( thN li~•n h~•r~Yd aK:unsl th~ ~•I:um~ ot all ~x•r.wins :~nd p.~rt~E~ whumw?c•.~~r. € blortKaQur will. :d the ~•ost u( 1'lort~:~gor. ane! w~~thuut ex~~c•n~ to Murt~;aKrr, dn, rx~~cut~, a~•know~lc•dKe and df•li~c•r :JI ~ :ind e~ery such (urther arts, d~ti~ds, conveyani•eti, mortk:~Rt~x, :+!csi~nnx•nt!c, noti~•~•s ot a~..iRnm~•nt. tr.~n,fers and a~sunn~~e•s _ ~ !~1ortR:~Ki~c• shall trom timr to t~m~• r~~u~rc in ord~~r to pr~~~~n~ th~ prinrity of th~~ I~~n of this !~1ort~:~Rt• or to la~•iht:~t~• thF~ ~x•rturmanre oi thF• lerms hercv?f YROVInA:i), HO~~'F:VE1~. th:~t it Mort~;a?;or ~h:~ll p:n• t~~ :~lurty::ik~~r th~• ind~~htcKin~~~s in th~~ prin~•i~r.+l sum ~~1 a~n,nnp_nn as Pvidtm~~c•d by th:~t c•ert:~in prumi~,son• n~~t~~ Ith~ N~~t~•r. of i~~~•n d:~t~~ h«•r~~~•ith. ~~z~•~•u~~~d bv ~1or1R:iKor :~nd Er.+y:+blr to order nf M~~rtKaKcr, wilh inte•re+t :~nd u~eon thN tc~rrns :~s pm~~id~d fhemin, and I.~Reth~r with all nther ~umR :~dvanrcY! by 111ort{~aRer t~ or un f~~hal( nt !11nrtR:~Ror pur:u:~nt lu fhe \otr or thig A1ort~a~~•, th~• final m:rturil~~ ~ rl:~N• thr N~t~ and this 11urtK:~~;~• IK•inR No}~ 1~ 1988 _:~nd sh:~ll ~~c~r(urm :JI oth~~r ~•oc~•nant~ and ~•onrlitions of thP Nott~, all ol the ferms of whi~•h Nutr~ are in~•or~N~ratiYf h~n•in by n•(c•mnrc•:,~ thuuKh set torth (ully h~r~•- ~ in, and nf :~ny n•nrw:~l. ~~xtrn~iun ~~r m~xli(i~:~tiun. th~•nHd :~nd nt thi~ \1nr1R:~~;~•. thF•n this A1~~rltiak~• :+nd th~• ~~~t:~1~• h~~r~•hy rrr:~t~~d sh:ill i•~asc~ ond terminatr. ~ A1ort~;aK~ir (urther ronv~•n:~nts and aKrE~es w~~th A1~~rt~;;~R~y:~~c (oUuMV: . ~ ~ 1. To p:iy :~ll sumK, in~•IudinR int~•rest xcunKl he•r~•hy whrn c1ue. ati ~~ro~tdi•d for in th~• 1~utt• :~nd any r~rneKal. t•xt~~nsiun ~ ~~r m~xl~licafi~~n thereuf :~nd in this A1urtK:~~;t•. all su~ h xu~ns tu IK• ~r.~yatrl~~ in lawtul mun~•y of thr 1Jnit~Y1 tit:~t~~ti ~~t Am~•n~:~ ~ at MortK:~Kc~'s :~torrs~~d pnn~~~~ial n(ti~•c. or :~t Qu~•h othc~r pla~•e :is ~1~~rtK:i~;r~• ~n:~>- d~•,iKn:~t~• in ~+ritin~: y 'L. 7'0 ~?:~y when due, :~nd withuuf n~utrinK :~ny not~cc~ (rotn 11ortKa~;i•e. :ill t:~xc~.r-, :i~.w~+~mentK n( :~ny ty~?e ur iiatum ~ and nther charKe~s levit~l or as.~ca:~.+rd :~Kainst lhr :~lurtg:~gc•cl I'ro~K•rly ur Ihix liurt~aKe and prtxiu~•c• rc~•f~ipls then~lr~r u~iun 5 ~ di•m:~nd. 'I'o immedi:itely pay :~nd dischnrRt• any i•I:~in?, lien or en~vmhr:,n~•e :~K:~inst the 1lortg:lj(kYI I'ro~K•rty whi~•h mc~y iK• ~ ~ir tx•~•r~me su~?eri~~r t~~ this AlortgaK~• and tu ~x~rmit nu de(:~ult or dc•I~nyui•n~•y un :~n~• othc~r li~~n. i•n~•umhr.~n~•t- nr i•harK~~ ~ :~~':nn~t th~~'.11ortK:~KE~ T'ru~H•rtV. ~ :i If reyu~r~Yl by MurtRa~;~•.•. tu :~lsu? m:~kc• munthl~• di•~x~s~ts ~+ith ~1urtK:iKe~•, in a nnn-int~•r~~tit Ix•arinR :~~~~~uunt. 1~~- Kether w~th ~u~d ~n addition to ~nt~•rest :~nd pnn~•yr.~l. uf xum eyu:~l to one-Iwrltth u! the ye:~riy ta:ex and :+sM~s-~cmi•ntx wh~~•h ~ m:iy tx Ie~icY1 aK:~inst the ~turlg:ig~.Y! 1•ruE~rty, and ~~f ,u myuirc~l! ~~nf•-twrllth ol the yearly ~?rem~ums tor in~ur.~n~~e ~ ther~~?n. '1'he amount uf surh tax~~, ;~a,~•ucmrnls :~nrl prem~ums, when unknuwn, »h:~ll fx cwtim:~trd hy ~turt~;aK~'. tiu~h ~ (If•~NlStIB shall I~e u.wecl by ~1urtKaKtY• lo p:~v ~su~•h tax~-~, as~~s.Ymenls and pre•mwms w~hen due. Any ~nsulti~•ir.n~y ot xuch ~ ~ ~ ~ ~ ~ r 'L ~ iC ~ „ ~ ~ - - - -"~~ee ~'4 ` ..a ~ x. ~ " 3-.~~ s-- . s.r . _ . ~~"-Fh~~.',r~