HomeMy WebLinkAbout0894 4227a.2
MORTGAGE DEED AND SECURITY AGREEMENT
THIti h1URTGA(iE UE~:U ~the Murtgugc), dat~vl Ua o( NvV, L, , 19 78, by ;~nd IN•tw~~~n
THOMAS C. HAYSLIP and NORMAN E. HAYSLIP
Ihe~ein:dtcr es~llcd Mor1R+~R~?rf ~ind SUN BANK OF ST. LUCIE COUNTY . h:~~inK :~n
ofti~r at 111 Orange Avenue, Fort Pierce . h'loncia lhemin:dtcr ~•aUcd I~1ortRaKer?:
WITNE3Sh'TH, that in coneiderulian of the premi,?ea and in orJer to ae.•urr the {k~ymNnt ot t?oth lhe principal o~, and
intecest and any uther sums {x~yable on the note las he~einH(t~r de(ined) o~ thia 111ortgage and the pec(ormunce und ob-
yen•unce of all ot the provisiona hereot and ot said note, INortgaKor hereby granta, ~Ila, wi~~rnnti+, riliena, remi~es, releu~.
com•eys, aaaig~s, trnt?efera, mortgages t~nd seta over nnd con(irms unto Mortgngee, nll ot MortgaRor'a eatnte, riRhl, title ~lod
inlerext in, to and under a+tl thnl certain re.~l pro~~erty situ:~te in St . LUC1C' <'ounty, h lorida mure ~H~rticuleulY
dex.•rit~1 aa (ollows: "
The South 218.25 feet of the North 1/2 of Lot 272,
according to the amended plat of AETNA PARK SUBDIVISION
as recorded in Plat Book 7 at Page 41 of the Public
Records of St. Lucie County, Florida. The foregoing
land is situate in Section 10, Township 36 South,
Range 40 East.
. - • . , • . : ' ! ~hr~d • ~ ~ J Io P~1In+«K Of T~as
~ ~ . . ? Ou~ O~ Cl~ss '•C•• Int~npibN PMtollrh'OpMt~l•
' ~ - • _ # /wsuaM To Chsptsr 71,134. ~aes Of 1971.
- : > . ~ , aocEA Parn~?s r~
- - - - - - - ~ c~ c~~,n co~n. st. ~~b, co., A..
TIK~F.THER WI'I'N all ~mpruvt~nu•nts nuw i~r hen:~lti~r IiH:iled un ~:~id real pru~~•rt~~ ;~nd :~li f~xtums, ap~iGan~~~•..
:~pp:~ra~tus, equipment, heatinR and air conditionin~ ~~uipment, machinery :~nd :~rticles oE ~x~rsonal pro~~rty and mpla~~ement
thereof (other than those ownecl by Ic:x~ec~ of s:~id mal pro~x~rty) now or here~(ter a(fixe~cl to, attached !o, p1a~Y~ u~Mn, or
u,tKl in anv wav in ~~onnecfion with the ~•omplete and comfortahle use, ~x•~•upan~•y, or o{?eralion ot said real pm~~erty, :~11
li~•~~nses and ~ertnits uscd or rnquimd in conn~rtion with the use o( s:iid mal pm~?erty, all leasc~s ot s:~id real pro{x rty now• ~~r
hrrr~~tter entered into and :~1) right, t~tle and tnten~t of lturtKaRur ther~under, includinR withc,ut limitation, c:~sh c,r ,e.•un-
tic~ de~~osited thereunder punuant tu s:iid Ie:~s.•s. :~nd al) renta. issues. pnx~rds. :~nd {~rofits :~ccruing trom s:~id n:~l pro~x•rt~~
and together with all prcx-ecYls of the com•ersion, a•uluntary ur im~oluntary o( :iny ot the toreguinR i~to c:~sh or liquidatcd
rlaims, including ~vithout limitation, pro~•eeds of insura~ce and condemnation av?ards lthe toregoinR ~id real pru{~erty.
tangible and int:~nK~hlc {~ers~mal property hen•in:~(ter refern~! to as the ;11ortgaRrcl Pro~~ertyl. MortRaRor hereby Rrant.
to :1lortgagee a seivrity interest in thr (oreguinK de~crilx~cl lanFiLle .~nd intanKiblt~ ~?rr.,onal pre,{x~rty.
TO HAVE AAID 7'O HOLD th~~ A1ortRaKed Yro~?Frty, ti~ether Kith :~11 and sinKular the tenements, hemditamt~nts :~nd
appurtenan~•rs thereunto heln~RinR or in anywise ;ip~x~rt::ininR and the re~•ersinn ~nd re~•ersiuns thereof and all the estate.
ri~ht, tifle, interest, homestead, dow•er :ind riRht o( dow~•r, sc~par.de est.ite, ~ws.4essiun, claim and dem.ind w•hatsoe~•er,
N'PII in I7W IIS 111 equitV, ~f T1ort~:iRor and unto the s:~m~. :ind e~•ery p:~rt th~rc~f, w•ith-the appurt~n:~nces o) 111ort~:~R~r in
:~nd to the s:ime, and e~•rry part :ind p:~n•el fht~reof unto !11ort~;aR~~c•.
:11ortRugor w:irrunts that it has :i K~xK! :~nd m.irkrtahlc• htl~~ tu :~n indr(~•:is~hlf~ f~~t~ t•st:~tt~ in th.~ ~1ort~;.~k•K1 !'ru~K•r~>~
~ subject to no lien, c'harQe or en~•umbr.~n~•e exre•pt such as tlurt};:~~;i~• ha~ :iKrt~cKl tu ai•i•ept in w•nUn~ :ind A1ortR:~~ur ~•~~•:enants
~ th:rt this ~tortRaKc is :~nd ~.•i11 mmain a~:~lid and entori•eable (irsl mort~a~c~ on the 11ort~:~Ked Pm~?erty subject only to the
~ exceptions herein pmvided. AlottgaRor has tull ~x~HC•r and law(ul authonty to mortKage the 1lortgaRe~i Yro~K~rt~~ in the
manner s~nd lorm herein done or intended here.~fter to l~e done. ~tort~.iRor will prc~u•rve such tiUe ~nd wi1) forever vvarr.~nt
~ and detend the s~~me to btortqagee and wiU f~xe~er w:~rr.~nt and def~~nd the ~:~li~litv .ind priority of the lien here~f aQ:~inst
~ the cl:~ims ot all {x•rsons and ~~artirs whumscx~~rr.
~ hlortRagor will, at the cr~,st of 1~1ortQaRor, .~nd with~~ut ex{x~nse to T1ortRaRee, do, ex~•cute, acknowledQe :ind de:iver :+11
~ and e~~ery snch further .~cts, deecls, ronveyancex, mortR:~Res. :~qciRnments, noti~•c~s o( assiRnment, tr:~nsfers and a~.surances .~s
~ Mortgagee shall from time to time r~uire in order to prt~ne the ~~rinrity of thc lien ot thig T1ortRaKe or to tacilitate th~
g {~er(ormance o( the terms hereo(.
~
~ PROVIDED, HOWF.VER, th.it if ~torlK:~~or .h:~ll ~r.~v i~~ AlortK~+K~~' ihr indebte~lnes.c it~ the princ•~pal sum u(
~ a 172 ~~•00 ~videnred by that :rrtain prumi~~ory note fthe Note), o(_ e~'en date herewith, executFVf hy
g n .~~order ot T~tnrtRa~ee, w•ith interest and upon the terms ~s pm~~ided therein. and t~Rether with all
~ other sums-advanced by :11or1KaRee to or on hehalt of lbtnrtR:~~nr pursuant to the ~ote or this MortRa~e, fhr final maturity
d:~te of the Note and this \lortg:~Re Ix•inR u~V~~~ Z• , and shall ~~erforn~ :~ll other covenants and
~ ~~ondition~ of the I~ote, all c~( the terms of..+•hich i~ute :~re incor~x~rated herein by mference :?s thouKh set forth (ully hrre-
~ in, and o( any renewal, extension or m«iifi~:~tiun, th~~n~,( ;?nd thi. \1~~rtK:~ge, th~n lhis'~tortFage :ind the e~tate hrrehy
~ ~•m:~tFd shall cFace and termin:~te.
;
~1ortKaRor futther c'on~'enants :~ncl .~Rrees w•~th ~1ort~:~Rer as IOII(1N'F:
1. To pay all sums, includinR interrst secund hereby Hhen dur, :~s ~?rocidrd (or in the Notr and any mne~~al. extension -
~ ur m~xli(ication therro( and in this•'~1ortKaKe. :+II su~~h ruins to !~c• p:~y:~hlt• in l:~w~ful mont~y ot the (?nittKl Statt•s Ameri~•:i
~ :~t MortKaKee's .i(ores:iid principai o(fi~•e, or at gu~•h uther plac•e as'~1~rtRaKtr may deciRn:i~P in K•titinR.
'l. To ~?.~y when due, :~nd withuut reyuirinR any noti~•e fn~m ~lort~aKee, :~II taxes, :isse~ments ot any ty~~e or n:~ture
and nther charges Ir~~ie~c1 or assc•ssed .?gainst the :1lortgaged Yro{?erty ur this ~1ort~age and proclure receipts there(or u~wn
dem:~nd. Te~ immediately p~y and disch:~rge :iny claim, lien or encumhrani•e aga~nst the Moriga~ed Yr~perty v~•hich may i~e
~ or I~i•ome superior to this 111ortgaRe and to permit no defaull or delinquenc•y on any other lien, encumbrance or charge
_;=3 .ik:~inst the \1ortKag~~d Pro{~erty.
~3 3. If reyuirEd by hlortg:~Ki~•. to als~ make munthl~ de~wsifg with 11urt~agre, in a non-interc•st t~earinR acrount, tu- ~
gether with and ~n .iddition tu interest and prin~•ipal, o( sum eyur~l to une-twel(th of the yearly taxes and assessments whi~•h ~
m:~y tx~ (e~ied ag~inst the A1ortR:~KEYI Yro~~erty, and tif su reyuirrdl une-tvveltth o( the yearly premiums for insur:~nce
thereon. The amount o( such taxe~, ass~s5ments and premiums, ~•hen unkrn~Hn, ahaU be estimated t~y MortR~Ree. Such ~I
depa,sits shall be ~used by MorlRaKee to pay su~•h taxrs, a:v~s5ment~c vnd premiums w~hen due. Any insufticiency of such
~ r~ ~s ~r.stvR?ent was prepa?e~ ~J ~ P (~7~;~: ~ 7'~.
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