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Home My WebLink About0094 ~;~s~~s : ~ 1 4 MORTGAGE DEED AND SECURITY AGREEMENT ~ THiB MOR'I`GAt3S DELD (tb~ Mo~a~e). dated a~ ot December 1 ~ 19~a , by and between ~ Ollie C. Buchanon and Vivian Buchanon, his wife (hereinatter called Mortsu~or) and $L1Y1 BAI11C Of $t. Lucie ~'i0U11ty . havina an ottice a/ 111 Orange Avenue ~ Fort Pierce . Ftorida Iheieinatter cailed Mortsagee): WITNESSETH, tl~at in conaideration ot tbe premi~es a~d in order to ~ecurs ths payment ot bMh the principal of, and ' i~terest and any other sums payable on tbe note (w hereinatter detined) or thL Mortpe~e and the pedormance and ob- servence ot all ot tue proviaions hereof and of aaid note. Mortsa~or !?ereby ~rants. sells, warrnnb. alieru, remise~. relea~. convey~. easipu. tra~uiers. mort~e~ aad ~eb over end contirms unto Mortaa~ee. all of Mortsaaor'~ eatate. ri~ch~ t~tle and interest in. to and under all tbat certain rGel property situate in St . i'uCle Caunty. Florida moro particularly de~cribed as tollows: ~ . Lot 4, HARTMAN HEIGHTS UNIT TWO, according ~ to the plat thereof on file in Plat Book 17, page 25, of the public records of St. lucie ~ Coumty~ Florida ~ ~~O ~ 7 ~ 3'1' saF 1._.ORiD~ ~ - ~ CUMfN ARY St~~MP TA,~I ~ ~..~.~N~M~~M~ ~f*T. oi It~YfrMYE t~ ~ to Ch~pw 71. ti~r A~eM 011l~t. ~ ~ _ ~c-.~q ~ 3~T. 5 0 t ~ ~ ra~s ~~2 ' ° ' " ~ - c'N•~ C+roult Car~ !t. t+u~M, 0~. ~M. ~ C ~ T(~ETHER WITH all impmvementa now or herea(ter located on aaid real properly and all ti:tures. appliancea, ~ Apparatus. equipment, heating and air conditioning equipment. machinery and articles of peisonal property and replacement thereot (other than thoae owned by le~ees of eaid real property) now or hereatter aftized to. attached to. placed upon, or # used in any way in rnnnection with t6e complete and comfortable use. occupancy, or operation o[ said real property, nll ~ license~s and permits used or required in rnnnection with the use o( said real property. all leasea ot said real property now or ~ hereafter entered into and all risht, title at~d intereat ot Morlaagor thereunder, includi~s without limitation, caah or securi- ties deposited the~eunder purwant to said leaaee. at~d all renb, iasue~„ Proceeds. and pwlib accruing irom ~aid real pro~rty ; and together wiW alI proceeds ot the ~rnnvenion. voluntary or involuntary ot any of tbe (oregoina into caah or liquidated ' claims~ including vrithout limitation. Proceed~ o[ insurance and condemnatioa awar~ (tbe (oreaoing eaid mal pmperty, tangible and intangible pe»onal pwperiy hereinetter reterred to as the Mortgaged Property). Mod6agor bereby Bn+nts to MortgaRee a security interest in tbe toregoi~ described tangible and intanaible pereonal property. , 'PO HAVE AND TO HOLD the Mort~Caged Property, together with all and aingular the tenemen4. hereditamenb and oppurtenencea t6ereunto belonging or in anywise appertainins and the reversion and reversiona thereof and all the eatate, right, title. interest, 6omeatead, dower and right of dower~ sep~rate estate. poe~easion. claim and demand whatscever, as - well in !aw aa in equity. of Mortgagor and unto the same, and every part lhereof. with the appurtenances of Mortgagor in and to the same~ and evety part and parcel thereot unto Mortgagee. ' Mortgagor warrants that it has a good and cnarketable tille to an_inde(easible (ee eatate in the Mortgagecf Property ` subject to no lien, charge or encumbrance e:cept wc6 aa I~tortgagee haa agreed to accept in writing nnd Mortgagor covenante that thia Mortgage u and will remain a valid and entorceable fiist mortga`e on the Mortgaged Property subject only to the e:ceptions herein provided. Mortgasor has tull power and law(ul authority to mortaage the Mortgaged Property in the manner and torm herein done or intended hereatter to her done. Mortgagor will preserve wch title aad will torever warrant ~ and defend the same to Mortgagee and will torever warrant and defend the validity and p'riority of t}ie lien hereot agninst ~ the claims ot aU per*ona and partiea whomsoever. E Mortaesor will, at the cost ot Mortgagor, and without e:pense to Mortgagee, do, e:ecute~ acknowledge and deliver all ~ ~ and every such further acts, deeds, conveyances, mort~cage~, assiSnments. noticea of eaeignment, traM~en and assurances aa t ~ Mortga6ee shall (rom time to time require in order to preserve the priority ot the lien ot thia Mortgage or to tacilitate the ! periormance ot the terms hereo(. - r • ~ PROVIDED, HOWEVER, that it Mortgagor ahall pay to Mortgage'e the indebtednese in tbe principal sum of ~ ~ : 25 n~~ _ 00 ~~enced by that certein promiaeory note (the Note), ot~ even date herewith, e:ecuted by i Mortgagor and payable to order ot Mortgagee. with interest and upon the terma as provided therein. and together with ail s other aums advanced by Mortgagee to or on behalf o[ Mort~agor pu~eant to the Note o~ this Mortgage. tbe Cu~al maturity ` date ot the Note and this Mortgage being I"Iarch 1. 19T1~ ~ aod~ shaU pectorm all other covenante and ~ conditions of the Note, all ot the terms of which Note are inrnrpocated herein by reterence as lhough set forth (ully here- . ~ in, and ot any renewal, e:teneion or moditication, thereot and of this MoTtgage. then this Mortgage and t6e eatate hereF~y ~ created shall cease and terminate. ~ , Mortgagor (urther convenants and agtees with Mortga~ee r~s follows: ~ 1_ To pay ail suau~ inciuding inteceat secue~d bereby w6en due, as provided tor in We Note and any renewal, extenaion { ~ or modification thereof and in thia MortRage, ali wch sums to be psyable in lawful money of.the United States ot Amerirn ? ` At Mortgaaee's aforesaid principal otfice, or At such ot6er place as Mortgagee may deeignate in writing. ~ ~ 3 2. To pey when due. and without reyuirina any notice trom Mort~agee, all ta:es, aa~eisments of any type or nature ' und other charges levied or assea~ed wgeuut tbe Mortgased Property or t6u Mortgage and produce reoeipta theretor upon ; demand. To immediately pey and diacharge any claim, lien or encumbrnnce against the Mortgaaed Property whic6 may be ~ or hecome superior to this Mortgage end to permit no defeult or delinquency on any other lien, encumbrance ot charge ~ ~ against the Mort;aged Properly. ~ by y posils with Mortgugee, in a non-interest bearing account, to- ~ 3. I[ requited Mortgagee, to aleo make monthl de ~ ~ gether with and in addition to intereat and principal, ot a sum equal W one-tweltth of t6e yearly ta:e~ end aa~essments which ~ ~ may be levied against tbe Mortga6ed Property. and (it io required) one-tweltth ot the yesdy premiums tor insurance ~ thereon. The amount ot such tazes, asseasments and premium~, when unknown, ahall be estimated by Mortgagee. $uch ~ ~ deposib shall be used by MortRagee to pay such tenes, as~smenb and premiums when dne. Any insutficiency ot such ~ ~ s - ~ -1- ~ 3 ~ ~ ~ 29g . ~ : BOL~. i~ ~ ~ ~ # ; - ~ ~ : ~ ~ ; - - - - - _ _ AX~~~~~~ g p ~~=Y . r