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MORTGAGE DEED AND SECURITY AGREL~IAENT ~ "
THIS MORTGAGE DItiED Ithe Mortgage, dated as of January 8 ~ ly 79 by -and t?etwe+•n
GEORGE A. GRAY, JR. AND MARTHA G. GRAY, his wife
(hereinafter called Mortgagor) and SUN BANK OF ST. LUCIE COUNTY ,having un
office at 111 Orange Avenue, Fort Pierce ,Florida (hereinafter called Mortgageel:
WITNESSFTH, That in consider.+tion o! the premixes and in order to secure the I?ayment of both the princitu+l of, and
interest and any other sums payable on the note lots hereinafter defined) or this Mortgage and the performance and ofr-
servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases, ~
cronveys, assigns, transfers, mortgages and sets Dyer and confirms unto Mortgagee, all of Mortgagors estate, right, title and
interest in, to and under all that certain real property situate in St_ 1•.ueira County, Florida more Iu+rticulurly
described as follows:
Lot 19, Block 3 of INDIAN HILLS ESTATES, a subdivision
according to the Plat thereof recorded in Plat Book 10,
t•, at Page 32, of the Public Records of St. Lucie County,
` ~ ~ Florida.
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3~ In Payment Of Tsxes ~ T,~ T ~ ~ F` L ~ i~; D-`
Due ~ Clsss ••C•• lrrtsngibte Personal Prot~attll. ~ - M_~ E N ~ l~ k_Y ~ ~ S__ T l-. M_ " ~ ~
pursuatt To Chapter 71. 134. Acts Ol 1871. _ _ . _ ' ~ , I
RpGER POITR/~S = : ~ - . i,.~~~_~f~ 2 2. 5 Q ~
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Clerk Ci?cuit Court. St. Lucie. Co.. Fla. - - I
TOGETHER WITH all impro?•ements now or hereafter 1«•ated on s:ud real prot~erty and all fixtures, appliance.,
aplu+ratus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement
thereof (other than those owned by lessees of said real proferty) now or hereafter affixed to, attached to, placed upon, or
rived in any way in connection with the complete and comfortable use, «rutx+ncy, or otreration of said real property, :dl
licenses and permits used or required in eonnee•tion with the use of said real property, all leases of said real prol+eriy now or
hereafter entered into and all right, ti/le and interest of Mortgagor thereunder, including without limitation, cash or securi-
ties detrosited thereunder pursuant to said leases, and all rents, issues, pra•eeds, and profits accruing from s+id real protxrty
and together with all proceeds of the conversion, ~oluntary• or im•oluntary• of :+ny of the foregoing into cash or liquidated
claims, including without limitation, proceeds of insurance and condemn:+tion awards (the foregoing said real property,
tangible and intangible personal property herein:fter referred to :+s the Mortgaged Properiyl. Mortgagor hereby grants
to tltortgagee a security interest in the foregoing desc•nFred tangible and intangible personal property.
TO HAVE AND TO HOLD the Mortgaged Prof~eriy, try:ether with all and singular the tenements, hereditaments and
:+ppurtenanres thereunto belonging or in anywise :grtrertaining and the reversion and reversions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, setr+r,+te estate, possession, claim and demand whatsoever, :+s
well in I:+w as in equity, o! 11orig:+gor and unto the.s:+me, and every• t>i+rt thereof, with the appurtenances of Mortgagor in
:end to the same, and every part and panel thereof unto ?1tnrlR.+gee.
:Mortgagor warrants that it has a gcxxl and marketable title w an indefeasible fee est:+te in the ~tortgage•cl 1'mtK•rty
;utrject to no lien, charge or encumbrance except such as Mortgagcw h:+s agreed to an~ept in writing and Alortgagor erorenants
that this Mortgage is and will remain a valid and entorceahte first mortgage on the 'Mortgaged Prot~erty subject only to the
exceptions herein provided. Mortgagor has full tww•er and lawful authority to mortgage the Mortgaged Property in the
I manner and form herein done or intended hereafter to he done. 111origagor will preserve such title and will (Dreyer w:+rr.+nt
€ and defend the same to Mortgagee and will forever warr-.+nt and defend the validity and priority of the lien hereof against
` the claims of all t~ersons and parties whomsoever.
~ Mortgagor will, at the cost of Mortgagor, and without exttense to Mortgagee, do, execute, acknowledge and deliver :+II
f :end every such further acts, deeds, comeyanees- mortgages, as.4ignments, notices of assignment, transfers and as.5ur.+nces as
2 Mortgagee shall from time to time require in order to pre~ene the priority of the lien of this Mortgage or to facilitate the
herformanc•e of ihc• terms hereof. "
PROVIDED HOWEVER, that it Mortgagor sh:+ll tr:+y to ;tortgagee the indehtednr~ in the princitr.+l sum of
$ 15, 000 • b0 as evidenced by that certain prumiscon• note (the \'ote?, of even date herewith, executed by
~ Mortgagor and p:+yahle to order of ;Mortgagee, with interest and utwn the terms as provided therein. and together with all
other sums advanced by Mortgagee to or nn behalf of Mortgagor pursuant to the Note or this Mortgage, the final maturity
date pt the Note and this Mortgage being FPt~rnar= 1 + 1999 • and shall freeform all other covenants and
conditions of the Note, all of the terms of which Mote are incorporated herein by reference as though set forth fully here-
in, and of any renewal, extension or mcxlifir.+tion, thereof and of this \lortgage, then this itortgage and the estate hereby
''r• created shall cease and terminate.
\7ortgagor further rnmenants and agrees with Mortgagee as follows:
1. To tr:+y all sums, including interest secured hereby when due, :+s trrovided for in the \nte and any renew:J, extension
or modification thereof and in this :~lortgage• all such sums to he payable in law~tu) money of the united States of America
t at Mortgagee's aforesaid principal office, or at such other place as Mortgagee may designate in writing.
S 2. To tr:+y when due, and without requiring any notice tram Mortgagee, all taxes, assessments of any tytre or nature
- and other charges levied or assessed against the :Mortgaged Proterty or this Mortgage and produce receipts therefor upon
demand. To immediately pay and discharge any claim, lien or encumbrance against the ~torigaged Protreriy which may Ire
- or become suErerior to this i<fortgage and to permit no default or delinquency on any other lien, encumbrance or charge
against the ;Mortgaged Property. ~ ;
= 3. it reyuired by Mortgagee, to also make monthly detrosits with Mortgagee, in anon-interest hearing account, to-
gether with and in addition to interest and principal. of a sum equal to one-twelfth of the yearly taxes and assessments which
may he levied against the Mortgaged Property, and tit scr requiredl one-twelfth of the yearly premiums for insurance
thereon. The amount of such taxes, assessments ar:d premiums, when unknown, shall be estimated by Mortgagee. Such
detwsits shall Ire used by Mortgagee to tr:+y such taxes, assessments and premiums when due. Any insufficiency of such
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