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Home My WebLink About0290 . MORTGAGE DEED AND SECURITY AGREEMENT 7'NlS M(1Ft'IY;AGE OFi:U ~the Mortgxge), dut~~d ~t December 29 , ~~y ;~~~d ~K,~w~ti,n ARNOLD BASLOW~ EVAN BASLOW and ROLF HENTSCHEL Ihereinatte~ cxlled MortR+~R~~~l auid SUN BANK OF ST . LUCIE COUNTY , hi~vinR :?n o(fice a~t P• 0• BOX a~ Fort. Pieree . Florida Ihe~einii(ter culled Morlgag~rl: WITNF3Sh"I'H, thnt in conaiderntion ot the premises and in order to acKUre the pnyme~t of tMth the princi~x~l of, and intereat and a~y other auma payable on the note (ns hereinatte~ detined) o~ thia Mortgage end the performance and ob- servi~nce of ~tll of the proviaions hereot Hnd ot suid note, I1lortgngor hereby granta, sella, warrnnts, nliena, remises, rele:~sra, conveys, t~naigns, tranaters, mortgagea und sets over nnd co~firma unto Mortgagee, nll ot Mortgugor a estide, riRht, title ~~nd interest in, to and under all that certt~in mt~l pra~~erty aituate in St _ L.LCie County, Florida more ~~.~rli~•ula~ly descrihed as tollowa: The West 49.65 feet of the South 370 feet of the North 400 feet of Lot 3; and the South 370 feet of North 400 feet of Lot 4. LESS West 78 feet for U.S. ~1. WHITE CITY SUBDIVISION, in Section 3, Township 36 South, Range 40 East, as recorded in Plat Book 1, page 23 of the Public Records of St. Lucie County, Florida. - - ~ ~ ~ - - - - - - ~~.a • /6D- av ~ , S _~:->.T E ` s ~ F l_ ~ ~ ' ~ 1 ~ on ~~ass ~•c.. ~M~ k' ~n«a OI Ta~ ~ • ~ ~ °u?a,an ~ pws~o~+.t ~ ~ . 74;~UN.Eti?AR`' - ..:;Si:.A':`';. , tTpChapt~r71 ~R~' , `r ..--",-;;.~"=ctrf.~~~~E-_ i RO~iERrOiTp11S~O~ t~~~ ~ ' - - = E6. ;-_:;~~-'f~ I 2 0. 0 v I c~~,~tco,,,t,s~. u,a. ; ~ . co., _ , T(X;F.THER WITH sll impro~•ements now or hereafter locatecl on s:~id real pro~?erty and all tiztures, applian~•e., appars~tus, equipment, heating and air conditioning equipment, machinery and articles of ~~ersonf~l properly :ind mplacement thereof lother thnn those owned by les.gees of st~id real property) now or hemafter ~ftixed to, att:~ched to, ~>lnced upon, c~r used in any w.~y in ~~onnection with the c•omplete and cum(ortahle use, occu~~ncy, or operation ot caid real property, all li~~cnses and permits used or required in connection with the use o( said real property, all leases of said re:~l property now~ or hereafter entered into ~nd all right, title and interest o( MortRagor thereunder, ineluding without limitation, cash or u~•uri- ties de~~osited thereunder pursuant to said leases, and all rents, issues, procec~s, and pro(its accruing trom s:tid real property and together with ~II prw•eeds of the conversion, voluntary or involuntary of any ot the focegoing into cash or liquidated cl:~ims, including without limitatiun, proceeds ot insurunce and condemnation awards lthe foregoing said mal property, tangible and inL~ngihle ~~ersonal pro~~crty hereina(ter referred to as the Mortg~ged ProE~erty). Mortgagor hereby Rrant~ to Mortgagee a security intetest in the torngoing descritxd tangible and intangible personal property. '1'n HAVE AND TO HOI,D the hlortKaged Pro~~erty, together with all and singul~r the tenements, hereditaments and .q?purtenances thereunto belonRing or in ~nywise appertaining and the reversion and reversions thereof and all the est.~le, riRht, title, interest, homestead, dov~er and right of dower, separate estate, possession, ~•laim and demand whatsoever. as well in law as in equity, of A'Iortgagor .ind unto the s:ime, and e~•ery part thereot, with the appurtenances of TiortRaRor in :ind to the s:~me. and every ~~:ut ancl ~k~rcel thereof unto MortRnRee. Mortgagor warrants that it h~s ~ good and market:ible title to an indefeasible Irr estate in the MortRaR~ci i'm~x•rh~ subjcrt to no lien, charge or en~•umbrance except such as htortg,igee has :iRreed to accept in writing and 11'IortRagor corenants th:it this A4ortgage is and w•ill rem?in a vxlid and entomeable first mortgage on the Mortgaged Pm,perty subject only to the ' exceptions hemin provided. Mortgagor has tull ~wwer and lawful uuthority to mortgage the Mortgaged Pro~~erty in the , i manner and torm herein done or intended hereafter to t?e done. Mortgagor will preserve such title and will forever w~rr:~nt ~ and defend the s.3me to Mortqa~;ee ~nd will fomver warrnnt and defend !he validitp and priority o( the lien hereo( aRainst F the ~•laims o( all persons and parties whomsoerer_ ! MortRagor will, at the cost of 111ortRaRor, and without exE~ense to MortRaQee. do, execute, acknowledRe :~nd deli~~er all ; and every such further acts, deeda, conveyances, mortgages, :~ssignmenta; notices ot assignment, transters and assurances :~s ; 111ortq~Ree shaU from time to time mquire in order to presen•e the priority of the lien of this tllortgaRe or to lacilitate the ~ performance of the terms hereof. . ; YROVIDED HOWF.VER, that if Atortga~or shall pay to b1ortRa~c~c• the indebtedness in the princip:il sum o( k S 80 • 000 • as evidenced by that certain promi~ory note (the Note1, of even date hemwith, executecf by 5 ;~toriRagor and {~aynble to order of 1lortgagee, with interest and u~~on the terms as pro~~ided therein, and toRether N-ith all other sums ad~•ancecl by 1~lortgaRee to or on behal( ot 111ortRaRor pursuant lo the Note or this Mortgage, the final cnaturity ~ date o( the I~ote and this 1~lortgaRe heing Deeemher 79~ 19gg , ~nd shall {~ertorm all other covenants an~i t ~•unditions of the Note, ull of the terms of H•hich lVote are incot~~orated herein by reference as thouRh set forth fully her~- ~ in, and of any renewal, extension or m«iification, thereof and of this MortQage, then this ~1ortRage and the estate herehy ~•n.ded chall ~•ease and terminate. ~ ~ l4loriRaQor further convenants and aRrec~s with MortRaRee as (ollows: ~ 1. 'To pay all sums, incladinR interest secvred hereby n•hen due, as providetl for in the Note and einy renewal, extension ~ nr niocli(ic•ation thereof and in this AtoriQaqe, all such sums to be payable in l~w•(ul money of the Unitecl States of Americ.+ = at 1ltortRaRee's afores:~id prin~~ipal office. or at suc•h other place as A4ortRaRee m:~y de~iKnate in writinR. ~ 'l. 'To pay when due, and without mquiring any notice from Mortgagee, all ta:es, assessments ot any ty~~e or n:~tum and other charKes levied or assesst.~d aguinst the 111ortg:~ged Prol>erty or this i1lortgage and produce rereipts theretor u~n demand. To immedi:~tely pay and disc•harge any claim, lien or encumhran~•e against the lblortgaged Pro~~erty v?'hich may be - or F?ecome superior to thib hiort~aRr .+nd to ~?rrmil no drfault or delinqurni•y on any other 1ien, rncun~brance ur ~•hargr ' aKain,t the Atortgagecl Yro~~erty. 3. It required by MortRaRee, to al.u~ m:~ke monthly deF~osits with MortRagee, in a non-intemst bearinR account, to- Kether with and in addition to interest and principal, of a sum eyual to one-twelfth of the yearly taxes and assessments which ~ m~iy t~e Ie~~iFd against the :~tortqaRed Property, and lif so reyuiredl one-tweltth of the yearly premiums (or insurance_ ~ thereon. The :~mount ot such taxes, assessments and premiums, when unknow~n, shall be estimated by Mortgagee. Such ~ « de{xis~ts shall be used by Mort~aKee to pay such taxes, ass~sgments and pmmiums when due. Any insu((iciency of such ~ ~ s -1- ~ gGG!( JV~ r~~;~ ~~tl 4 ~ ~ ~ _ - - - - ~ ~ ~ ~ ~ ~ ~ ~ _ : ~ ,~,~`~'~~~~'°~.z ~ - _ - . ._~~"`~r s_ '`r.1., ~ . u_~