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Home My WebLink About2374 . ~ • MORTGAGE DEED AND SECURITY AGREEMENT THIS MORTGAGE DEED Ithe Mortgage), d:+tcv1 ua of January 17 ~ 1y79 , by :?nd I,E•twE•En JOHN T. WILSON and CATHERINE R. WILSON, his wife Ihereina(ter called Mortgagor) and SUN BANK OF ST. LUCIE COUNTY ,having an ~rriE•eae 111 Orange Avenue, Fort Pierce, • Florida Iherein~tterE:dlE•cl MortgugEV•1: WITNE:i.SETH, that in consideration of the premises and in order to secure the Ix+yment of both the princilu+l ot, and interest and any other sums lu+yable on the note las hereinafter defined) or this Mortgage and the I+er(ormance and ub- servance of all of the provisions hereof and of a+id note, Alortgc+gor hereby grants, sells, warrants, :+liens, remises, rele:+ses, conveys, assigns, transfers, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, right, title and interest in, to and under•all that certain real pm{+erty situate in St ~ Lucie County, Florida more tu+rticularly described :+s follows: o From the Northeast corner of the NE~1 of the NEB of the NEB of Section 9, Township 36 South, Range 40 East, run South along ~ Section line~a distance of 663.64 feet to a point, thence run West 66 feet to a point on West Boundary of Oleander Avenue for a point of beginning, thence continue West 627.3 feet to a point . ~ being the Southwest corner of the NE~1 of the NEB of the NE , - ~ ' ~•,#t thence run North, a distance of 312.5 feet to a point ,thence run • East parallel- to the South line of the NEB, of the NE's of the NE's to the West Boundary of SRD 605 (Oleander Avenue), thence South _ • - along the West Boundary of SRD 605 (Oleander Avenue) to the point ~ of beginning, all lying and being in St. Lucie County, Florida. ` ,.!•1 s :HIS IS A 3rd Mortgage. TOGETHER WITH all improvemE•nts now or hereafter loe•atE•d on s:+id real prol+erty and all fixtures, appliance., aplx+rntus, equipment, heating and air conditioning equipment, machinery and articles of personal protx•rty and replacement thereof )other than those owned by lessees of s:+id real properiy? now or hereafter affixed to, attached to, placed ufx,n, or used in any way in connection with the complete and comfortable use, occupancy, or ol,erntion of said real prol,erty, all licenses and permits used or requimd in connection with the use of s:+id real pmherty, all leases of s:+id real prolx•rty now or hereaher entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- tiE•s deposited thereunder pursuant to said leases, and :dl rents, issues, proceeds, and profits accruing from s:+id real j,rulx•rty and together with all prcx•eeds of the conversion, voluntary or involuntary of any u( the foregoing into c•:+sh or liquidatE•cl claims, including without limitation, proceeds of insurance and condemn:+tion awards Ithe foregoing s:+id real prol,Erty, tangible and intangible I+ersonal property hereinafter referred to as the Mortgagcvl Yrol,ertyl- Mortgagor hereby gr.+nt~ to Mortgagee a security interest in the foregoing desc•rifx•d tangible and intangible Ix•rsonal prohErty. TO HAVE AND TO HOLD the Mortgaged Yrof~erty, together with all and singular the tenements, herE•ditaments and appurtenances thereunto tx•longing or in anywise appertaining and the reversion and reversions thereof :+nd all the estatE, . right, title, interest, homestead, dower and right of dower, sEl,:+r.+tE estate, possession, claim and demand whatsoever, as well in law :+c in equity, r?f Mortgagor and unto the s:~mE- and every {?:+ri thereof, with the appurtenances of Mortgagor in and to the s:une, and every p:+rt and panel thereof unto Mortgagor. J • Mortgagor warrants that it has a gcxxl and mark~•tahle title to :u+ indefEasiblE (EE EsL•de in the Mortg:,gE•d I'rol,E•rt}~ subjc•E•t to no lien, charge or ene•umbr.+nc•e Except such as Mortgagcc• has agreed to accept in writing and Mortgagor coren:uits - that this Mortgage is and will rem:+in a valid and enforceable first mortgage on the Mortgaged Yrol,erty subject only to the exceptions herein provided. Mortgagor h:+s full bower and L•+w(ul authority to mortgage the 1lorigaged Pro{,erh• in thc• ` manner and form herein done or intended hereafter to he dune. Mortgagor will preserve such title and will forever warr-.~nt j and defend the same to Mortgagee and will forever warr:+nf and defE•nd the validity and priority of the lien bero•of against the claims of all I,Ersc,ns and I,:,rties whomu,ever. ~ Mortgagor will, at the cost of Mortgagor, and without exl,ense to Mortgagee, do, execute, :,cknow•ledge :+nd deliver :+II and every such further acts, deeds, conveyances, mortgages, assignments,-notices of assignment, transfers and assur.+nces as Mortgagee shall (mm time to time rEquire in order to pmsercE the. priority of the lien of this Aortgage or to (aciliL•+te the performance of the terms hereof. PROVIDED, HOWEVER, that i( Mortgagor shall pay to Morlgagc•e the indebtc•dnes in the principal sum u( i S as evidenced by that crrtain promisson• note Ithe Note1, of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as I,mridcd therein. and together with all other sums advanced by I1lortgagee to or on beh:df n( Mori + or ,unuant to the NMe or this Mortgage, the final maturih• date of the Note and this Mortgage bE•ing July 17 , 184 ,and shall perform all other covenants and conditions of the NotE, all of the terms of which Note are incorlroratcd herein by reference as though set forth fully hEre- in, and of any renewal, extension or m:x1iG,•ation, thereof and of this Mortgage, then this AtortgagE and the estatE hereby 1 crE•ated shall cease and terminatE•. Mort + or further convenants and agrees with T•lortgagee as follows: g 1. To pay all sums, including interest see•ured hemby when due, as pruv:ded for in the NotE and any rene:~:d, Extension I or modification thereof and in this :Mortgage, :dl such sums to t,E• p:+yable in L•+wful money of the UnitE•el States of America i at Mortgagee's afores:+id princif,a) officE, or at such other plain as MortgageE• may designate in writing. 2. To pay when due, and without requiring any notice fmm Murtgagce, all taxes, assessments of any tyl~E or salon, and other charges levied or assessEd ag:asst the ;Mortgaged I'rol,eriy or this Mortgage and produce receipts therefor upon demand. To immediately Ih+y and discharge any claim, lien or encumbrance against the 1\lortgaged Prolerty which may Ix• or I,E•come superior to this ;Mortgage and to hermit no default or dElinquene•y on any other lien, encumbr.+nce or charge against the 1lortgagcd Prolx•rty. 3. If required by DlortgageE•, to also makE monthly delx,sits with MortgageE, in anon-interest bearing an•uunt, to- ~ gether w•ilh and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which may be levied against the :Mortgaged Property, and lit so required) one-twelfth of the yearly premiums for insur.+ncE thereon- The amount of such taxes, assessments and premiums, when unknown, shall t,e estimated by Mortgagee. Such - delwsits shall he used by Mortgagee to pay such taxes, astiESSments and premiums when due. Any insufficiency of such _ a y- 0 S' _ 1 _ RECEIYEO 1i~_ I!1 FArrd: h: CT TQXcS L ~ ( [ UUi ON Cli SS 'C iYit:{G ~l~ P. ti~OR^.l P~!)F'EATr. gQ',r ~v~ Z~~9 FURSIIMT TO [IIAPTEt 7t-.:.4, ACTS Of 19)L ~ ROGER POITRA6 ~7~ I t~ gRCIRi COURT, ST. Wt.IE ay f1A / A ``S --xis ~r "w-.P• ~ri~,, -r ~ •P• ~y