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Home My WebLink About0867 ~ U ` 1 4 ~08t}0 . , ~ , ~ ^ ~ MORTGAGE DEED AND SECURITY AGREEMENT ~ ~ THIS MORTGAG~ DEFsD (ihe Mortgage), dateA aa ot ~tnher 13 , 19Z$ , by and between ~ 3/ Richard L. Barry and Virla R. Barry, his Wife ~ (hereinatter cnllcd Morigi~go~) nnd SLiA BSIIk Of St. Lucie COUrity , havin~ :~n ottice nt P. 0. BOX 8~ Ft. Pierce , Florida lhereirw(ter called I~lorlgugee): WITNE3SETH, that in considerution ot the premises and in order to eecure the payment ot both the princip~l ot, and i~tereet and any other eums payable on the note (aa hereinafter defined) or this Mortgage and the pertormance and ob- servance o[ all of the proviaiona hereof and ot e~id note. Mortgaeor hereby granta, sella, warranta, aliens, remises, releasPa, ; conveys, assigns, transters, mo~tgaaea and seta over and contirn~s unto Mortgagee, all ot Mortguaor s eetate, riRht, litle and ; intereet in, to and u~der all that certain real property atuate in St. Lueie County, Rlorida more ~wrticularly des.•ribed ae (ollows: Lots 16, 17, and 18, Block 2, I~LISSA 1~.ADOWS, according to the Plat thereof, as recored in Plat Book 9, Page 72, of the Public Recorda of St. Lucie Couaty, Florida. I ~ ~j~ ~-~-l1~i,-~_ -i - _ ~ ~ . ~ 7~ i ~ . i ; _ M i, ~ . _ , ~ ; , '~1 ; ~ 11~O~i1Nd ~ MI ~Ifl~flt ~1 T~1o~~ ~ _ • r_~: `~,t~ 'r' - l • r - - - ~ - ~ ' ~w O~ Cltls "'C''' In1rp~l~P~oiMlProp«ty, i - _ . = . . _ ~ f ' ; ~ 7 ? ~ ~ Purwant To Ch~ptst 7t, is4. Aa~ Of tf71. ! . . . _ - i lIOOElt POfI"M3 9~i1 = - G~rk Ckwit Oo~sy if. Lyoi~ Cb.. Rs. TO('ETH~R WITH all improvemrnts now• or hema(ter loc•ated on s:iid real pro~~erty and all (ixtures, appli.+nce:~, :~p~x~ratus, equipment, heating nnd air ronditioning equipment, machinery and articles ot personal property and repl~cement thereot (other than those owned hy lessees ot said mal property) now or hematter attixed to, attached to, placed u{wn, or ~ used in any way in connection with the complete and comfortable use, occupancy, or operation ot said real property, all i licenses and permits used or required in connection with the use ot said real property, all leases of snid real property now or ~ hereutter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or sctiuri- ~ ties de~wsited thereunder pursuant to said leases, xnd all rents, issues, proceeds, and profits acrruing from said real properly ~ and together with all proceeds o( the com•ersion, ~•oluntary or involuntary of any o( the fomgoing into cash or liquidated i claims, including without limitation, proceeds ot insurance and condemnation r~wards (the toregoing said real property, f tangible and intangible personal pmperty hereinafter re(erred to as the Mortgaged Property)_ blortgagor hereby grants = to htortgagee a serurity interest in lhe foregoing described tangible and intangible personal property. Y TO HAVE AND TO HOLD the MQrtgaged Pro~~erty, together with all and singular the tenements, hereditaments und s > appurtenances thereunto belonqing or in anywise appertaining and the reversion and reversions thereof and all the estate. 3r right, tiHe, interest, homestrad, dower rnd right o( dower, separate estate, possession, claim and demand whatsoever, as ~ well in law as in equity, ot A1ortRagor and unto the s:~me, and every parl thereof, with the appurtenances of I14ortg~Ror in nnd to the same, and e~•ery ~~:~rt and p:~mel thereof unto MortRnRee. , Alortgagor vvarrants that it tws a good and marketable title to an indefeasible fee est:~te in the MortgaRecl Pro~?erty subject to no lien, charge or encumbrance except such as 1liortgagee h;is agmed to accept in writing and Iliortgagor covenants Ihat this Alortgage is and will remain a~•:~lid and entomeable first mortgage on the Mortgaged Property subject only to the ~ exceptions herein pmvided. blortgagor has lull povrer and 1:~n•ful authority to mortgage the Mortgagecl Pro~~erty in the ~ manner and form herein done or intended herea(ter to be done. Mortgaqor will preserve such title and will forever warraM ~ and detend the same fo Mort~agee and will fore~•er warrnnt ~nd de[end the validity and priority ot the lien hereof :igainst • ~ the claims ot all persons and parties whomsoever. f ~ Mortgagor will, at the cost ot Aiortgagor, and without e:pense to Mortgagee, do, execute, acknowledqe and deliver all :ind every such (urther acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as l~tortgagee shall irom time to time require in order to preserve !he priority ot the lien of this biottgage or to facilit~-~te the performance of the terma hereof. F PROVIDED, HOWEVER, that it Mortgagor shall ~k~y to 111ortgagee the indebtedness in the principal sum o( a 4$$a.19 as e~~idenced by that certain promissory note (the Note), ot even date herewith, executed by Mortgagor and payable to order af Mortgagee, with interest and upon the terms as pruvided therein, and together with all other sums advanced by ~1ortR~gee to or on behalf of Mortgagor pursoant to the Note or this 111ortgage, the final maturity. date of the Note and this Mortgage being OCtOber ib ~ 1483 , and shaU perform all other covenants and ~ conditions of the Note, all of the terms of which Note are incorporated herein by reference aa though set forth fully here- ~ in, and ot any mnew-al, extension or m«iifi:ation, thereot and of this MortRage, then this Mortgage and the estate hereby crnatc~ shall cease and terminate. 111~rtRaRor (urther com•enanfs and :~grees with 111ortgagee ~s (ollows: ~ ~ ~ 1. Ta p:~y al! sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension or modi(ication thereot and in this blortRage, all such sums to be payable in lawful muney of the United States o! America ~ at MortRaRee's aforea~id principal office, or at such othe~ place as Mortgagee may desiRnate in writing. ~ 2. To {>ay when due, and without requiring any notice from hiortgagee, all tazes, aa9essinents of any ty~~e or nature and other charges le~•ied or xsses.ged against the Mortgaged Property or this Mortgage and produce receipta theretor u~~on 3 demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortga~ce and to ~ermit no de(a~dt or delinquency on any other lien, encumbrance or chnrge ~ aQainst the 1ltortgaqed Property. ~ a ~ ~ ~ 3. If required by Mortgagee, to also make monthly deposits with A~ortgagee, in a non-interest he:~ring account, to- 3 gether with and in addition to interest and principal. o( a sum equal to one-tweltth of the yearly ta:es and asseasments which - ~ ~3 m:~y F?e levied against the Mortgaged Property, s~nd tif so reyuired) one-tweltth of the yearly premiums for insurance ihereon. The ~mount ot such taxes, assessments and premiume, when unknown; ahall be estimated by MortKagee. Such f ~ de~~its shall he used by Mortga~ee to pay such taxes, ac5esament~ and premiuma when due. Any insufficiency ot such ~ : - - BooK 296 865 ~ t~ . ~ ~ - : . - - - - _ _ _ - - ~ ~ _ - _ _ . _ , z ~