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MORTGAGE DEED AND SECURITY AGREEMENT I
November,2 78
TNlS A10RTGAGE DEED lthe Mortguge~, JHt~d us ot , 19 by ;~nd tirtwati~~
BENJAMIN P. I~OTli AND EVELYN M. ROTH, his wife
Ihercinattr~ cUllt•d Mortgi~gor) und $(J~j BANK OF ST. LUCIE COUNTY , hu~•ina un
o(tice at 111 Orange Avenue, Fort Pieree , Fiorid,~ (hereio:~tter ca~lleci MortR:?Ree):
W1TNE3S~'TH, thut in congideratiun ot the ptemisea nnd in orcle~ lo ee~•ure the pay~nent o! both lhe princi{ial of, und
interest and any other aums {~yable on the note Ina hereinatter deli~edl or thu Mortgage and the periormance uod ot?-
sser~nm~e ot all ot the provisiona herea( and ot said note, Mortgegor hereby Rrants, sells, wurrnnta, aliens, remiaes, relea~,
conveys, us~igns, trnnsters, mortgages nnd seta over and confirms unto Mortgagee, all of Mort~nRor's eatate, riRht, title and
interest in, lo and under ~11 t}u~t ce~ti~in reul pm~~erty aituate in St. Lucie County, Florid~ more pnrti~uls+rly
drsc~itxd aa followa:
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Lot 10. Block 3 OLEANDER G~?RDENS, Resubdivision of Lots two and three of
MARAVILIA GARDENS S[JBDIVISION, as per plat thereof as recorded in Plat Book
9, page 8 Public Records of St. Lucie County. Florida; ALSO the South five
feet of vacated alley lyinq adjacent to and Northerly of said Lot 10.
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~ ~ i~ f - - _ - ~ ~y-Ci
. - . , • _ : ` • - ` _ ' _ - " ! Mo~ly'sd ! ~ Nt Pa11m~x OI Tr~
~ , - . ~ . ~ ~ Ow On Class ••C•• ~Marqibie Psrsoryl NtapMly.
~ ' - - . - ~ C ; ~utwant To C+:~ctPr 7~ 134. ACts O~p1~71.
_ _ ROGEH P017RAS ~d" ~
CtNk Circuit Court, SI. lutie. CO.. F4.
"f(x;ETHF:R \'VITN :~11 improvc•ments n~H• or hen:~itrr Irx:~t~~el un w~id n.~l pru{x•rty .~nd all (ixtures, appli:~u~•i•~,
.~ppandus, equipment, heating and air conditioninR equipment, mnchinery and ~rticles o( ~~ersonal pmperty and repla~-ement
thereof (other tha~n those owned hy leacees ot snid re:il pm~~eH-~l now or hereatter affixeci to, attnnc~Kf to, pla~•ed u~~n, or
usc~ in any w•aY in connertion with the c~mplete .ind comfortable use, occu~~:~n~-y, or o{~eration ot aaid mHl pm~~erty, :ill ;
lic•enses and permita u~c1 or mquired in connection with the use oi s~id real pmperly. ~l) leases of s:iid re:~l pro~rty nov~• or
hem:~fter rntercd into and al) right, title :~nd infemst ot 111ortgagor thereunder, inrluding w~ithout limitation, cash or ~•uri- ;
ties de~?osited thereunder pursuant tu s:~id leases, :~nd all rents, issues, proceeds, and protits accruing trom said rral property~
and tugether with all proceeds o( the com~ersion, voluntary or involuntary o( any of the toregoing into c~sh or liquidnted
cluims, including without limitation, pr«•eeds ot insur.+nce and ~~ndemnation awards (the foregoinR ~id real property.
tangible and intanRible ~~ersona! pro~xrty hereinalter referr~d to :?s the \lortgagecl Yro{,erty). 1~lorfRaRor hrmb~ Rrants
to Mortgagee a security interest ~n the fomgoing descrit?eci tangible :~nd intang~bl~ ~~ersonal prupc•rty.
~ '['O HAVE AND TO HOLD the I?lortg.+gec1 Property, toRc•ther with aU and sinRular the tenemcnts, heredit:~m~~nts and
j appurte~anres thereunto 1xlon~inR or in anyw~se ~p{~ertaininR a~d the rn~•ersion and m~•ersions ihereof and al) the estatr.
~ riRht, title, interest, h~mestead, dower :~nd riRht ot dower, sFparate estate, posseasion, claim and demand whatsoever, a~
~ K~ell in law as in equity, o( Mortg:~Ror :ind unto the s~me, and every Part thereof. ~vith !he appurten:~nces ot I~1ort~aRor in
~ and to the v:~me, and e~•ery part and ~~:in~el thereo( unto 111ort~:~Ree. '
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MortRagor w~arrants that it has a R~xKI and markrt:ible Ulle tu :~n indt~feasihle fe~• estate in the \1urt~aReY1 I'ro~?erly _
suhject to no lien, rharRe or encumbrance t•x~•ept such as blorlk:~grc~ has a~re~~cl to aii•~•ept in wntinR and ?~tort~agor ~•oti~en.~nts
~ that this 11toHRaRe ic and will remain a~:+lid and entorceable first murtRaRe on the 111ort~aQed Pro~~erty Kubject onlv to the
~ c~xceptions herein provided. i~1origagor has tull {x,wi•r and I.~v?•(ul authority to mortKage the ~1ortgaKecl Pro~~ert}• _in th~
manner and (orm herein done or inten~d hereafter to t~e done. MortRagor will presen•e such title and will forever warr:int
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and defrnd the same to Mortgagee and will forever warrant :~nd defend the ~~:ilidity and priority o( the lien hereof a~ainst
the ~•laims ot all ~~ersons and ~krties v~homsoe~~er.
A1ortRugor will, at the cost of MortqaAor, and without ex~~ense to MortRaRee,~ do, execute, ucknowledRe and deli~~er all i
and e~~erv such further acts, dc~s, com•eyances, mortRstRes, ar.siRnments, notices of :~sgiRnment, transfers and aksurances a+ _
~ AlortgaKee shall irom time to time require in ord~r to pr~en•e the priority ot thp lien of this MortRaRe or to (acilitate the
~ {~er(orman~•e ot the terms hereot. ~
~ PROVIDED, HOWF.VER, th.~t i( 11or1R:~Ror sh:+ll p:~v to AiortRa~ee the ~ndebtedness in the pnnrip:~l sum ot
~ a.1~~00 AO as evidenced by that certain promi~~ory note Ithe l~otel. of e~'en datr herev?•ith, exec-utecl hy
;1lortq.~gor and pay:ible to order of MortKaRee, with interest and u~x~n the terms as prm•idc~f therein, and toRether with all
~ other soms ad~•anced by MortK:?Ree to or on beh:il( of Mort~aRor purcuant to the Note or this MortRage, the tinal maturity
~ date nf the Note and this AlortgaRe Ix~inR ~ ~ aQ~ , and shall ~~erform al) other co~•enanis and
~ c•unditions o( the Note, all o( the terms of which Nole are incor~H~rated ht:rein by reference us though set torth f~lly here-
~ in, and ot ~ny renewal, extension or rn~~(i~ation, thereot :~nd of this 1~tortKaRe, then this A1ortRaRe and the estate hereh~~
~ ~~rpated chaU c~ease nnd termin:de. -
~ ~lortRaRor further ~'om~enants and aKrees w•~th AlortgaRee iiR ~OIION'F: . •i
~ 1. To }fay all sums, includinR interest scY•ured hereby when due, as pro~ ide<i for in the Note and any reneN•al, extension
a ~~r modification theteof and in this '~fortRaRe, all suc~h sums to he pa~able in I:~w~tul money of the tTnitcrl States o( Americ:~
at ti1~~rtRa~ee~s a(ores~id prin~•i~wl olfice, or at such other place a~ hlort~aRee may desiRnate in writinR.
Z. To p:~y when due, and w~ithout myuiring any notice frvm ~lortgagee, all taxc~, assessments o( any ty~~~e or nature
and other charges levic~c! or assrs_u•d against the Atortgaged Pro~~erty or this htortgage and produce receipts theretor u{wn
- demund. To immediately Eray and disc~harqe any claim, lien or enivmbrance against the Mortgaged Pro{~erty which may be
or twc~~me superior to this ~tortga~e and to {~rmit no de(ault or delinquen~y on any other lien, encumbran~~e or c•h:~rge -
`X :iK:~inst the 1lortqaged Pro~?ert}.. •
' 3. If required by ~turtQaKrt~, lo nlso m:~ke munthly dcy~osits with ~ltortKaKee. in a non-interest heanng aci•~unt, to-
- Kether w~ith and in addition to interrst and princi}H~I, of a sum equal to one-tw•elfth of the yearly t~xes and assessments w•hi~~h
m:~y i~e le~•ied against the ~lortgaged Property, and lit w reyuircYl) one-tweltth of the yearly premiums (or insurance
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~ thereon. The amount of su~•h taxes, assessmrnts and premiums, when unknown, shaU be estimated by hiortQaqee. Such
de{N~sits sh.ill he uscd by \1ortRaRee to ~~ay such tax~~, as5ex.~ments .ind prem~ums w•hen due. Any insu(/iciency of su~•h
:~y
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~ go~~:297 P~~ 858
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