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Home My WebLink About0619 ~ 1 ' • ~ 43Q123 MORTGAGE DEED AND SECURITY AGREEMENT THIS h10R'fGAGE DEED (the Mortguge), duted :as ot , 19 by and beh~~ecn S.R.J., Il~1C., a Florida oorporation, . lhereinu(ter called MoHgagorl nnd QF` $'j`~ j,j~jE ~jry , huving :~n o(ficeat 111 ~c'fI1tJ@ ~1V~ilUE:~ FbY't pl@L~CL' . Floricin (herrinxttercall~ Mortgugee): W1TNE3SETH, that in rnnsideration o( the premiKea und in order to secun~ the pavment o[ hath the princiEuil of, and i~terest end any oiher sums payable on the note (na hee~einatter detined) or this Martgage and the pe~[ormance nnd oh- servance ot all ot the pmvisiona hereo( and ot said note, Mortg~go~ hereby grants, sclls, warranta, aliens, ~emiaes, releaxes, conveys, aaigns, transters, mortgagea and seta over and cantirtns unto Mortgagee, nll ot Mortgagor's eatate, riRht, title and inteteat in~ to and under all tlu+t cert~in rnul propeHy aitunte in St. LuCle County, Ftorida more (xirticularly deacribed es (ollows: Apartme.nts 102, 103, 104, 105. 106, 107, 202, 203, 204, 205, 206, 207, 208 and 301, of the O~I~~1DF5 , No. ll avoording t~o the Declaratiori of Orndaminiun rewrc3ed i.n Official Reoord tjook 237 at Page 2011 of the Public ~evords of St. Lucie Cotmty, Florida; tcx,~ether with the ~divided int~erest in the oomYr.x~ elem~nts ap~purtenant bo eacfi ap~ar~nent and all other appurtenanoes t~o such apartments, including but not limitsd to limited oanro~ el~ents, as set forth in the Declarati~ of Qondaminiun . Nbrtgagar assunes and agrees to d~senne and perfoan its abligations ~d~er the Declaration of Oondaainiun, including but not.limited to the payment of assessments for maintenanoe in operation of the aforesaid apartm~nts and . the vo~ndominiun P~~Y• . See Partial Release.Clause imnediately follvwing acknowlec~t. TOGETHER WITH all improvemenfs now_ or hematter located on atid real pm~~erty ~nd all tixtures, appli.~n~•~~, apparatua, equipment, heating ~nd air conditioning equipment, mnchinery and articles of person<~1 property and re~?lacement thereof (other tlwn those ow•ned by lessees of snid rna) properiy) ~ow or hereatter atfixed to, attached to, placed u~n, or ased in any vvay in connection with the complete ~nd com[ortable use, occu~h~ncy, or opemtion of said real pro~~erty. :~II lirnnses and permits used or required in connection with the use of s~id rnal pmperty, all leases of s:~id rna! pro~~erty now or hemutter entered into And all right, title ~nd interest o( MortR:?gor thereunder, including without limitation, cash or sec•uri- ties deposited thernunder pursuant to said leases, and ~Il tents, issues, proi•eeds, and protits accruing (rom said real propcrty and together with all proce~eds of the conversion, ~•oluntary or im•oluntary ot any o( the foregoing into cash or liquidated claims, including without limitation, proceeds ot inxurance and condemnation awards (the foregoing said real property. tangible and intangible ~~ersonal pro~~erty heminafter reterred to as ihe Alortgag~d Pro{~etty). Mortgagor hereby Rrants b Mortgagee a secvrity interest in the (omRoing descrit~l tangible and int:~nRible {x~rson:~l property. TO HAVE AND_TO HOLD the i~iortg~Red Pro~?erty, together w•ith al) and sinRular the teneme~ts, hereditamertts and appurtenances thereunto belonRinR or in anyN~ise ap~~ertaining and the reversion and rnversions thereof and all the est:~fe, right, title, interest, homestead, dower and right of dower, separ.~le estate, possession, claim and demand whatsoever, as well in law ag in equity, of MortRagor and unto the s:~me, and rvery ~~.~rt thereof, with lhe appurlenances of Mort~aRor in and to the same, and e~•ery part :~nd ~~arcel thereof unto MorlRa~ee. Mortgagor warrants that it tuis a good and m.~rketable title to :~n indefeasible fre est:de in the T1ortR:iRt~c1 YiO~Mi~f subjec•t to no lien, char~e or encumbran+~e ex~•ept such as 111ortg,ig~~ has agreed to aci•ept in w•riting and hfortR:i~,'Oi CO\'f!nants ~ that this Mortgage is and will remain a valid and enforirable first mortR.~Qe on the blortgaRed Pro~ierty subjec•t onh• to the i exceptions herein provided. Mortgagor has (ull ~ww•er and lawful authority to mortgage the Mortgaged Pro~~erty in the E manner and torm herein done or intended hernatter to 1?e done. Mortgagor will presen•e such tide and will forever warrant ~ and detend the same to Mortgagee and will forever warr.~nt ~nd defend the validity :ind priority ot the lien hereof :~Rainst ~ the claims ot all persons :~nd parties w•homsoe~~er. ~ Mortgagor will, at the cost ot Mortgagor, and without ex~~ense to lllortga~ee, do, execute, acknowledge and deliver all ~ and e~~ery such further acts, deeds, conveyances, morlQa~es, as~iRnments, noticc~s of assiRnment, tr.~nsfers and aswur.~nces as ~ MortgaRee shall trom time to time require in order to presen•e the priority of the lien ot fhis 1~1or1QaQe or to (acilitate the ~ pertormance of the terms hereof. s 3 ~ PgOVIDED, HOWEVER, that if I1~ortRagor sh:ill pay to MoriR:~Ree the indebtedness in the princi~k~) sum of ~ -233 350.00 ~ E ~ as evidenced t?y tbat certain promi~cory note fthe Notei, o( even date herewith, executed by ~ Mortgagor and payable to order of MortK:~Ree, with interest and u~wn the terms :~s pro~~ided therein, and toRether w•ith all ~ other sums advanced by Mortgngee to or on Frehalf of MortRaRor pursuant to the 1Vote or this MortgaRe, the final maturih~ ~ date ot the Note and this Mortgage beinR JdriildYV 9 s 198d , and shal) ~~erform all other co~•ena~nts and y conditions ot- the Note, all of the terms of which Note are incor~wrafed herein by reterence as though set forth [ully here- ~ t in, ~nd ot any renevval, extension or mcxiific:~tion, thereot :~nd of this ~1ortKage, then this 1ltortgage and the estate heret~y ~ ~•reafed sh:ell cease and terminate. , ~ 5 Mortgagor further convenants and aRrees with MortRagee as follows: e ~ 1_ To p:iy all sums, including interest secured hereby when due, as pro~•ided for in the Note and any renewal, extension ± o: modification thereot and in this MortRaKe, all such sums to t~e payable in I:i~vful money ot the ilnited StatPS of Americ:~ ~ at MortAagee's atores:~id ~ prinripal o(fice, or at cu~h other place as 1~1ortR:iRee may de~ignate in ~•ritinR. ~ ~ 2. To pay when due, and withoul requiring any notice (rom 1lortgagee, all taxes, :?ssessments ot any ty~~e or n:~ture = and other charges le~•ied or assessed against the 1ltortgaged Property or this Dlortgage and produce recei~~ts there(or u~>on ~3 demand. To immediately pay and discharge any claim, lien or encvmhrance against the ~1'Iortgaged Pmperty which may tx or tx~~ome superior to this Mortgage and to ~~ermit no default or delinquency on any other lien, encumbrance or charge 5 :~Qainst the Mortgaged Property. ; ~ 3. I( required by MortgaRee, to also make monthly de{wsits w•ith AlortgaQee, in a non-interest bearing account, to- ` gether with and in addition to interest and prini~ipal, of a sum equal to one-twel(th of the yearly taxes and assessmepts which ~ may be le~~ied a ainst the Mort ~ ed B' g~ g ~roperty, und (if so reyuiredl one-twel(th o( the yearly premiums for insurance thereon. The amount o[ such taxes, asbessments :~nd premiums, when unknow•n, shall be estimated by 111ortgaRee. Su~h ~ de{x~sits shall t~e used by i~tortQaRee to ~~ay auch taxes, :~stiessments and premiums when due. Any insutficiency ot such ~ ' -1- = ~~kK ~01 PH,: 6~9 ri ~ ~ - ~ - - - - . . . _ ~ Y~"~+~Y` S ~ ?i~~~S.~'1~~.a ' i cft~M~~~S'~~4?G~ T~-" 3 , - ~ ~ . ~ ~ ~ ~