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Home My WebLink About0854 ~;~n'792 / 1 MORTGAGE DEED AN~ SECURITY AGRE~IVlEt~l7 ~ THI3 MORTGAGE DE~D (the MoKgage), dated aa ot Oc tober 16 , lg j$ , hy and hetween EUGENE BOATWRIGHT, SR. (hereinatter ~~Iled Mortgugo~) und $un Bank Of $C . Lucie COLlllty .~~~ng un otrre ac 11I Orange Ave . Fort Pierce , Florida •~~o~ida (hereinatte~ i•„i~~i r1o~eR~~~~?; W1TNE33ETH, that in conaideration of the premieea and in order to secure the payment ot both the princi{~xl ot, and intereat and any other sums payable on the note (as hereinafter detined) or this Mortgage and the perforn?ance and ob- eerva~ce ot all ot the proviaions hereot and ot snid note, Mortgagor hereby grants, sells, warrenta, aliens, remiaes, releasea. comreya, assigns, tranafers, morigagee and seta over and contirms unto Mortgagee, all ot Morigagor'a eatate, riRht, title and interest in. to and under all that certain real property aituute i~ S~ . Lueie County, Florida more particulnrly described ae tollows: Re S/D of W~ of Block 7- of Fairmaur Park, Lot 5 and South 27.5 feet of Lot 6 as recorded in Plat Book 8, page 8 of St. Lucie County Public Reco~~~ - - - - - - ~ II~e~Mr~d ~ 1~ ~N Ol'TrN . • T.~-i C FL~?~?;~~ ~ ~ l1 f~ ti, A P - i l. ,Y . f Ou~ On Clast "C' NNrIl~i~ }ti1+~oti1 hq~(x, : - , ~ .T : - ~ Pursua~t To ChaptK 71.1~4. Aols 1 . ~ _ _ _ - • ~k~ a ; 2 1. 0 G i ~ . , : _ . _ . , . . , _ C~k dra~lt Cou~t, ~t, L+wt~ Ow. l1~. - _ : TOGE'I'HER WITH ali impro~•ements now or hereatter located on said real pro{~erty aind all (iatures, applianc-c~, app:~ratus, equipment, heating and air conditioning equipment, machinery nnd articies ot personal property and replacement thereof (other than thoee owned by leseeea o[ said real property) now or heteatter ai(i:ed to, attached lo, placed upon, or used in s~ny way in connection with the complete and comfortable use, occupancy, or operntion oi said real property, all licenses and permits used or required in connection with fhe use ot said reaf property, al) leases of said rnal property now or herea(ter entered into and al! right, title and interest ot Mortgagor thereunder, including without limitation, cpah or securi- ties depoaited thereunder pursuxnt to said leases, =~nd ull rents, iagues. pmceeda, and profits accruing (rom said real property and together with all proceecie of the con~•eraion, votuntary or involuntary ot any ot the toregoing into cash or liquidated claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property, tangible and intungible peraons~l ptoperty hereinafter referred to as the Mortgaged Property). Mortgagor hereby Rrnnts to Mortgagee a security interest in the foregoing described tangible and intangible peraonal property. TO HAVE AND TO HOLD the Mottgaged Property, together with all and singular the tenements, hereditaments :~nd appurtenances thereunto belongin'g or in anywise appertaining and the reveision and reversions thereof and all the estate, righf, title, interest, homestead, dower and right ot dower, separate estate, po~session, claim and demand whatscever, as well in law as in equity, of hiorigagor and unto the same, and every part thereo(, with the appurtenances ot I?lortgagor in and to the same, and every part and ~n-el thereof unto Mortgagee_ Mortgagor LLfl~~~ts that it has a good and m.~rketable tiUe to an indeteasible fee estate in the Mortgaged Pro~~crty i subject to no lien. charge or encumbrunce e:cept such as Mortgagee has agrEed to accept in writing and Mortgagor co~enants that this Mortgage ia and will remain a valid and enfurceable first mortgage on the Mortgaged Property sabject only to the ~ ezceptions herein provided_ Martgagor has tuil power and lawful authority to mortgage the Mortgaged Property in the ~ manner ~nd torm herein done or intended hereafter to be done. Mortgagor will preaerve such title and will forever warrant ! and de(end the same to Mortgagee and will torever warrnnt and defend the validity and priority of the lien hereot aQainst ~ the claima of all pereons and partiea whomsoe~•er. Mortgagor will, af the cost ot Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deliver all and every such further acts, deeds, conveyances, mortgages, assignmenta, notices ot assignment, trnnsfers and asaurances as Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate ihe performance of the terms hereof. O D OWEVER, that it MortRagor shall {~ay lo Mortgagee the indebtedness in the principal sum ot b as evidenced by that certain promissory note (the Note), ot even date herewith, executed by Mortgagor and p:iyable to order of Mortgagee, with interest and upon the terms as provided thernin, and together with nll other suma Hdvanced by Mortgagee to or on behalf ot Mort~agor nrsuant to the Note or this Mortgage, the (inai maturity date of the Note and thia Mortgage beinq December ~985 , and shaU pertorm all other covenants and conditions ot the Note, al) of the terms o[ which Note are incorporated herein by refemnce as though set (orth fully here- in, and of any renewal, e:tenaion or modification, thereof and o( this Mortgage, then thia Mortgage and the estate hernby ~ created ahall cease and terminate. Mortgagor further rnnven~nts and agrees with Mortg~qee as (ollows: 1_ To pay all sums, including interest secured hereby when due, as {~rovided for in the Note nnd any renewal, extension or modification thereof and in this MortRage, all such sume to be payable in l~wtul money of the United States of America ~ at I?iortgagee'a atores~id principal otfice, or at such other place as htodgagee may designate in writing. ~i pay requiring any notice (rom Mortgagee, all ta:es, assesamenta at any type or nature ~ 2. To when due, and without and other charges levied or aesesac.d against the Mortgaged Property or this Mortgage and produce receipts theretor upon ~ dem:ind. To immediately pay and discharge any claim, lien or encumbrance againat the Mortgaged Property which may be ~ or become auperior to this MortgnRe and to permit no detault or delinquency on any other lien, encumbrance or charge ~ ak:~in.qt the Mortgaged Property. 3. If required by Mortgagee, to also make monthly de~wsita with Mortgagee, in a non-interest bearing account, to- ~ gether with and in addition to interest and principal, ot a sum equal to one-twelfth of the yearly ta:ea and aaaesamenta which ~ may be levied against the Mortgaged Property, and (if so required) one-tweltth o( the yearly premiums for insurance thereon 'I'he amount of such tazea, assessments and premiums, when unknown, shall be eatimated by Mortgagee. Such ~ de~osita slwll be uaed by MortAaRee to pay such taxea, asr,esamente and premiume when due. Any insu(ticiency ot such . ~ ~ • -1- aoo~ ~9s PAC~ $5z ~ ~ ~ f _ _ ~ ~ ~ ~ . v.~ , 3 --~..~~~4~ ,