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Home My WebLink About0693 ~ • n'' 4~1 . ~ ~c~' . . MORTGAGE DEED AND SECURITY AGREEMENT TttIS ~10RTGAG~ D~EU (the hiartgage), tlated tsa of ~Y~~--17 ly 1$, hy a+nt! 1?rtwrrn EUGENS GIBSON AND MADGS GIBSON, his wife lhereinufter cAlled MortgeKori iind SiTN BANK OF ST. LUCIS COUNTY , having un otfire i~t 111 Oldllg@ Avenue, FOrt Pierce , Flurida (hereina(ter ce~lled Morlgagee): WITNE3S~.'TH, that in con~iderution ot the premiaes and in order to aecure the payment ot hoth the princi{uil of, and ~ interes+t and any othe~ aums peyable on the note (as hereina(ter de(ined) or this Mortgage and the pertorm+ince and ob- aervance of all of the pmvisions hereot and ot aaid note, Mortgagor hereby grants; eelis, warrents, atiens, remises, rele.~»ea. com~eys, asaigm, tranaters` mortgagea and sets over and continns unto Mortgagee, all ot Mo~tgs~Bor s eatate, riRht, title und ~ interest in, to and u~der all that certain mal property situate in St _ i~~r-i s+ County, Florida more ~x~rlii•ularly described as tollows: Lots 2 and 3, Block 3 of HIGNLAND PARK, an unrecorded Subdivision of the followinq described land: From the S.E, corner of Section 4, Township 35 South, Range 40 East, run West alonq the Section line 2640 feet for a P.O.B.: Thence North 3960 feet, thence West 165 feet, thence South 3960 feet, to a Point which is 2640 feet East of the said S.W.corner of said Section thence East to the P.O.B. as described in Deed Book 151, page ~ 195 of the Public Records of St. Lucie County, Florida. ~ - In Psrment OI Tsxss ~ ~ ~ . .l . . .J~$ ~~p~.Y~t~1 V r7~~~w+ ~ ,,.a~.t To ChaptK 71• 1~.11~ls Ot 1 71. ROG01 r01T1111~ ,~~j~~~ Cterk Grcuit C~1st, 8t. (~1d~r COr, Fr. . TtX;ETHER W1TH ul~ imprvvements now or hereafter locatecl on s:~id mal pro~~erty and ull (ixtures, :~pplian~•~~s, appamtus, equipment, heating and air conditioning equipment, machinery :ind articles ot personal property und replacement thereof lother than those ow•ned hy lessees of said mal property) now or hereafter af(i:eci_ to, attached to, placcd upon. or used in any way in connection with the complete ~nd comfortable use, occu~u~ncy, or operation ot said reul pro~~erty, :~II lic~enxes und permits used or requirnd in rnnnPCtion with !he use ot s~id real pruperty. all leases of said re~l proj~erty no~v or herea(ter entered into and all right, title and intercst of Alortgagor thernunder, ine•luding without limit.~tion, cash or sec•uri- ties de~~osited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits .+ccruing (rom s:iid real ~?ru~x~rl}• and together with all proceeds ot the com•ersion, ~•oluntary or ineoluntary ot any of the (oregoing into cash or liquidated • claims, including without limitation, proc•eeds o( insurance and irondemnation awards. (the tomgoing s:~id mal property, tangible and intangible personal pro~~erty hemina(ter re(erred to ~s the Atortg~~ged Properiy). Morigagor hereby Kranls to Alorigagee a securily interest in the toregoing de~cril~eci tunRible and intanRible ~x•rson:~l property_ 'I'n HAVE AND TO HOI.D the i~tortgaRecl Pro~?erty, t~~ether with aU a+nd sinRular the tenements, hemclitamrnts an~i ~ appurtenar.i•es thereunto belonRinR or in any«ise ap~~ert:~inin~ and the re~•ersion and m~•ersions thereo[ and all the est:+te, riKht, title, inlemst, homestead, dower and right oi dower, separ.ite estate, possession, claim s~nd demand whatsoerer, as well in law as in equity, of TlortRagor :~nd unto the c~me, and ecery ~?art themof, with thF appurtenances ot MortRaRor in and to the s:ime, and every part a~d ~u~n•P! thereot unto T1ort~aQee- - ~tort~:~Ror w:irrantc that it has a Rcwd and m:~rketahle title to :~n indt•fe•:~sihle (r~ c~ta~t~~ in the A1ort~:~Rt~1 Ym~~•rt}~ subjec•t fo no lien, charRe or encumF?rance except sui•h as illort~agee h~is aKrc~~d to accept in w riting :~nd rlortK:~Kor ~•o~~en,ints ~j that this I11ortRaRe is and will remain a~•alid .~nd enfon~e.ible tirst mortRa~e on the ~1ort~aRed Pro~?erty subjec•t only to the excrptions herein pro~•ided_ MortR~gor has full ~wwer and lav~•ful authority to mortRaRe the hlortgaged Pro{~erty in the ` manner and torm herein done or intended hereatter to be done. MortRaRor will preserve such title and will tore~~er warrant E + ~ :~nd detend the same to MortRaRee and vvill fare~~er warrant and deferul the v:+lidity .ind priority ot the lien hercrit :iRamst the ~•I~~ims ot all ~~ersons and p:~rties whomsoe~•er. t ~ l~tort~tagor will, at the cost of Mortgagor, and without ex~~ense to Mortg~gee, do, execute, acknowledRe :+nd deli~•er all ~ ;?nd e~•ery su~•h further acts, deeds, con~•eyances, mortKc~Kea, :~ssignments, notices o( assiRnment, transfers and asgurnnces as MortRa~ee shall from time to tim~• mquire in order to prccen•e the priority of the lien of lhis A1ort~aRe or to facilitate the ~ E~ertormance of the terms hereof. ~ PROVIDED, HOVI'F.VF.R, that if :~1ort~aRor shal) pay to \1ort~a~cr the indebtecfnesc in the prin~•ipal sum ul a 20~000.00 yg e~•idenced by that certain pmmissory note Ithe Notel, of e~•en date herewith, executed by ~ hTortgagor and ~k~yable to order of hlortgnRee, with interest and u{Mn the terms as pru~rided therein, and together w•ith all other sums advaaced by MortgaQee to or on behalf o( Mort~aRor punuant to the Note or this MortRaqe, the final maturity date of the Note and thig TiortgaRe heinR DeCe*~~~~ ~1988 , and shall per(orm all other co~~enants and ~ conditions of the Note, all o( the terms of which Note are incor{~oratcd herein bt reterence as thouRh set forth fully herp- ~ in, and of :~ny renew•al, extension or moclifir.dion, thc~rcx?f :~nd of this 1~1ortAage, then this TlortgaRe at~d the e~tate hereh~~ ~ ~•mated sh:~ll cease and termin.ite. ~ ~ r4ortRaRor further convenants and agrees ~vith AtortgaRee us tollow~s: ~ 1. To pay all sums, includinR interest se~vmd hereby when due, as pro~~ided tor ~n the I~ote and any. reneHal, extension ~ ot mocli(ication thereof and in this MortAaRe, all such sums to be payable in lawful money of the Unitc~i St:~tes o( Ameri~-a ~ at MortgaRee's atoresaid prin~•ipal o(fice, or at such other piace as ?~tort~aKee may desiRnate in N•ritinR. ~ - 2. To {k~y when due, and without requirinR any notice from T~lortgagee, all taxes, assessments o( any ty~~e or naturr - :~nd other charges levied or assesskd against the 111ortgaged Pro{~etty or this 4lortgage and produce receipts theretor upon ~ demand. To immediately p:~y and discharge any claim, lien or encvmbrance against the Tiortgaged Property whirh may be or become superior to this 1~lorigage and to permit no default or delinquency on any other lien, encumbrance or charge ~ ; :~Kaingt the :1lortgaqed Properly. ~ - 3. If reyuired by 1~tortgaRee, to :ilso m:+ke monthly de~,osits with ;~1ortRagee, in a non-intemst bearing account, to- ~ F~- Krther with and in addition to interest aod princi{wl, ot a sum equal to one-twelfth of the yearly taxes and assessments which ~ y`-~ muy t~e levied againsl the 1~lortgaged Property, and lit so required) one-twelhh o( lhe yearly premiums (or insurance ' thereon. The amount o( such taxes, assessments and premiums, when unknown, shall be estimated by 111nrtgaqee. Such ` de~~oaits shall he used by A1ortQaRee to ~xiy suc•h taxes, ass~ssments and ~;remiuiru; when due. Any insufticiency of such ~ s t t _ ~ ~ -1- (1 f ' ~ ~ ~ g~~~ P,~ S93 £ ~ P ~ - - . ~c ~ a~".~ _'j ~3 ~ , r~ ~ ~ ~ rr' .h` ~wl~"~'~ ' ``i} x .,.n- ~"a~~~~_~~_._ _ . . _ ,