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Home My WebLink About0700 . ~ 422tii)1 ~ ~ ~ -l MORTGAGE DEED AND SECURITY AGREE~II~NT TH1S l11UR7Y'iAGE DEED (the Mottguge), dalecl tu o( ~vr~~nhs.r 1+ ~ ~97$ , by :~nd txlwi~•t? JOHN C. SCORT joined by his wife, KAREN T. SCOTT lhereina(ter ralled Mortgegor? nnd Sl1N BANK OF ST. LUCIB COUNTY , having :~n ~ o[ti~~e ut 111 Orange Avenue, Fort Pieree . Floridn Ihereina~Rer ca~IicYi MortR:~geel: WITNESSETH, that in considerutio~ o( the premiaea and in order to sec•ure the peyment ot Iwth the princi~u~l ot, und interest und any other sums payable on the note I+~s hereina(ter detined) or this Mortgage and the pertormance und ol?- aervance ot all ot the provisions hereot and ot said note, Mottsugor hera~y 6ranti?, sells, warrnnts, aliens, remises, relea~, conveys, Assigns, tratufers. mottgpaes and sels over and contirma unto MoHgagee_ all ot MortRagoi s eatate, riRht, title nnd intetest in, to and under all that certuin reul property aituUte in St. LuCie County, M lorida more {k~rti~•ulairly dc~scribed as follows: Lot 4, Block 5 of ORANGE BLOSSOM ESTATES, SECOND ADDITION, as per plat thereof recorded in Plat Book 14, paqe-2, Public Records of St. Lucie Coun~y, Florida. ~ ~1 • ; T - r , - ~ r _ . , . - : R.o.hrsd • D....~. b Myn~a or Ta~ ~ ~ ~ v C i~ ~ h_ , . L,_ ' ' ' ~lle ~f1 ~i~ ~f~~~~i ~ - . - . _ : : ~ ~ . . ~ Pursuant To Chapt~r 71. ~as. ~n a ~s». = . ` ' - - „ ; _ _ Z i. 5 i~ ! r~a Pornus _ _ - . . ~ ' _ - = - - - ~ a.~ a~ cou~s, se. wa.~. co.. A.. T(K;F.THF.R VVI'rH all ~mpro~ements now or herea(trr 1«•ated on s:~id mal pmF~erty und all (ixtures, a~i~~lian~•e.. apparatus, eguipment, henting and air conditioning equipment, machinery and articles of ~~ersonal pro~x rty :~nd mplai•emeul thereof (other than those owned by Iessees of said real property) now or hematter a(tixed to, attached to, placed u~wn, or u.sed in any way in ~~onnertion M•ith thP complete and comfc?rtable usr, occupancy, or o~~eration ot s~id real pm~?erty, all !i~•enses and permits used or mquired in connection with the use of s:~id real pn~{~erty, all leases ot s:~id real pro~~erty now~ or ' hema(ter entered into und aU right, tiUe :ind interest o? \lortgaRor therrunder, including v?~ithout limitation, cash or ~•uri- ties de~wsited thereunder pursuant to ~id k:ises, and all renta, issues, pruceecls, arul protits accruing Irom s+id re:il pro{xrty and together with all pra•eeds of the com•ersion, ~•oluntary or imoluntary ot any o( the (oregoinR into cash or tiquidateci . cl~ims, including without limitation, proceeds ot insurance and condemnution aw.irds (the foregoing s:~id m~l pro~mrty, tangible and intangible personal pm~~erty heminafter reterred to as the MortRagrd Pro~~e~ty1. I?1ortR~gor hereby gnnt. to Mortgvgee a security ia/erest in the (oregoing descrit?ed tangit?le and inl:~nRiblr {~erson:~l property. 'TO HAV~ AND TO HOGD the htortgaged Pro~~erty, t~ether v~ith al! aind sinRular_the tenPments, hereditamtmts and :~p~wrtenancea thereunto belonginR or in anywise ~p~iertaininR and the re~•ersion.nnd reversions Ihereof and all the estate, riRf~t, title, interest, homestead, dower and riRht ot dower, se~~rate estatc, posr,es.aion, claim and demand whatsoever, as ' well in law as in equitv. of MorfR:iQor and unto the x:~me, and every ~~:~rt therc~t, with the :~ppurtenan~e~ o( 1~1ortR:~Ror in ~ and to the s.~me, and every part ~nd ~u~n-el thereof unlo Mort~aRc~e. i ~ `lurig:~gor warrants that it has a g~wcf and marketable tiNe to :~n indefe:isible f~v~ estate in the 111ortK:~R~~cl i'mlx~rty ` suhjec-f to no lien, rharge or en~•umbranc-e exrept su~•h :~s 11ort~;ager has agreed to a~~cept in K ritinR and `1ortK.~Ror ~•ocenants ~ that this I1lortgaQe is and veill mm:~in a valid and enfor~•eable firs! mortKaRe on the \tortg.~ged Pro~~erty suirjec•t only lo the ~ exceptions 6erein provided. Mortgagor has (ull ~x~wer and lawful authority to mortgage the rlortgageci Pro~~erty in the manner and torm herein done or intended hcreatter to t?e done_ MortgaRor wi11 preserve such title and wil) torever warrant I and detend the s~me to MortAagee and wiU forever w.~rrant and defend the ~alidity and priority o( the lien herc~?f :~R:~inst i the ~•laims o( all ~~ersons a~d ~h~rties vchomu~e~•er. Mortgagor will, at the cost ot Morigagor, and without ex`~ense to Mortgagee, do, execute, ae•knowledRe and deli~•er all :~nd e~ery such turther acts, deeds, com~eyances, mort~ages, :~a~ignm~~nts, notires of asciRnment, tr~nafers and asRUn~n~es ax :~lortgiiRee shall trom time to time mquire in orcler to prrsen•e the priority of the lien of this MortKaKe or to facilitate !hP {x•rformnnce o! the terms herc~t. - PE20VIDED, HOWF,VtiR, that if T1ortRaRor shall pay to MortRaKc~e th~ indehtednecg in ihe princi{h~l sum of a i s, nnn_ nn evidenced hy that certain promissoq• nnte (the Note1, ot e~•en date herew•ith, execvt~~ hy Morigagor and payable to order of Mortgagee, with interest and u~Mn the terms :is pmvided therein, and together with all other sums ad~•anced by 141ortR:i~ee to or on heh:df of ]ltortRa~nr pursuant to the Note or this MortRa~~, the final maturih• ~ d:ite o( the Note ~nd this ~lortgaRe hcing Nnv 1! 7~93 ,~~nd sh:~ll ~~ertorm all other c~o~•enants :~nd conditic,ns of the Note, all o( the term~ of whii~h Note are ~~~~or~wratc~l herein.by mlemnce as thouRh set forth fully here- ~ in. ~nd o( ~ny renewal, extension or mocliti<•:~tion, therc~?1 :ind of this AtortQage, then this A1ortRage and the estate herehy rmatcd chall ~ease nnd terminate. :~tortRaRor lurlher com~en.-mts and aRrees with MortRaRee as tollows: ~ ;,4 1. To {~ay all sums, inrludinR interest secvred hereby when due, as pro~~ided tor in the Note and any renewal, extension ~ or modi(ic.~tion thereof and in this ;11ortRage, ~11 such sums to t?e pay:~ble in law(u) muney o( the LTnited St:iteg of Ameri~•a ~ at 1~1ortQaRc~e's aforesaid priru•ipal of/ii•e, or at such other plnce as ~11ortRaKee m:~p dcwiRnale in writinR. 2. To F~.~y when due, and w•ithout requiring any notice trom Alortgagc~, all taxes, :~ussments of any ty~~e or n:~ture yj, and other charges le~ied or assessed against the Mortgaged Property or this Atortgage and produce receipts therefor ul~on ~ dem;~nd. To immediately {wy and discharge any claim. Iien or enc•umbrance against the l~tortgaged Property vrhich may be } or hecome superior to this AtottgaRe and to {~ermit no de(ault or delinyuency on any other lien, encumbr.~n~~e or char¢e ~ :~~:~ingt the :lfortgaged Pro~~erty. - 3. It reyuired by I11ortKaKee, to also make monthly deposits v?~ith Mortg:~Ree, in a non-interest t,earing account, to- grther with and in addition to interest and principal, ul a sum equal to one-tweltth ot the yearly taxes and ~sses.gments whirh may t~e le~•ied againsi the Iltortgaged Yroperty, and ti( so requiredl one-twelfth of the yearly premiums for insur~nce ~ thereon. The .imount o( sui•h tax~, assexsments F~nd ptemiums, when unknown, ahall be es~imaeed by MurcRaRee. Such ~ de~x~ita sh:~U t~e usecl by :11ortRuRee to pay such Gixes, assesaments and premiuma when due: Any insuf(iciency ot such ~ ~ i ~ ti ~ R 297 ~F 697 r~ aoc~ ~ - ~ - - ~ - . . _ . . . . - - . _