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Home My WebLink About0312 4:i1'70'7 , ~ , , i~ . ; MORTGAGE DEED AND SECURITY AGREEMENT j THI3. MOR'TGAGB DE6D (the Mort~aae), dated as oD~'~pmhEar 20 ~ ~ 1~~ ,~y s~~d between Harvey Beasley, Jr. ~ . (hereina(ter cailed Mortaa~or) and SUA B8Ak Of St. Lucie COL111ty , h~+ving :~n otfice at 111 Oranqe Avenue, Fort Pierce , Florida (hereinufter called Mortgugee); WITNE39ETH, that in conaideration of the premises and in order to secure the payment ot hoth the pr~oci~l ot, and iatee~eat and any other sums payable on the note (as hereinatter detined) or thia Mortsage and the pedormance and ob- servance ot all at tbe provisions hereot and ot aaid note. Mortaegor hereby grents, sells. warrants, aliens, nmises, releasea, conveys, arians, trans(ere, mortgages and seta over and conlirau unto Mort~agee, all of Mortgaaors estate, riRht, title and interest in. to and under a11 that certain real property aituate in County, Florida more perticularly deecribed as (oliows: South 102.5 feet of North 202.5 feet of Lot 1 of Tract 114, ~ Resubdivision of Tracts 113, 114, 12? and 128, GARDEN CITY FARMS, per plat thereof on file in ~lat Book 2, Paqe SA, public records of St. Lucie County, Florida. dd - . ~ TAT E ~ F ~ F L O r=? ; (D ~ ~ ~ :~E~ ~ ~f TRXFS ~ ) O C iJ M E N TA R Y.~-~ : S T A M~' ~ A a. ~ QUE ON CLI?SS 'C I.~;Tt:!&'BlE PERSD1t~1 P 2~'~kTY. ~ ~£PT. OF HEYENUf ~ ~ :>;j - YURSiiAMi TO CtL'.PT:.:: li-i3~. AC~S OF 1971.~~ ~ = _ ~•~9 ~ ~ p eCCiA PCR~AL _ ` _`e. ,`fi!~: V. ~ O( Q.FJIK C~CYIT CCWCf. iT. WCE 0~. R~ ~ 1 . TOCETNER WITH all improvementa now or herna(ter located on sa~id rn~l pro{~erty and all (i:tures, appliances, ' apparatua, equipment, heating And air condilioning equipment, machinery and ~rticlea ot personal pro rty and replacement thereof (other than thaae owned by leaaeea ot aaid rnal property) now or hereafter aftixed to, attach~ to, placed upon, or used in any way in connection with the complete pnd comtortable uae, occuNnncy, or operation of aaid real property, :dl licenses and pertnita uaed or required in connection with the use of aaid rnal property, all leasea of said real property now or hereatter entered into.and all right, title and interest ot Moriicagor thereunder, iriclading without limitation, cash or securi- ties deposited thereunder pursunnt to eaid leases, and all rents, issues, proceeds, and profits accruing tmm said real propeKy and together with all ptocecds of the conversion, yoluntary or. involuntary o! any ot the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance s~nd condemnation awards (the foregoing said real property. tangible and intangible personal property hereirwfter referred to as the Mortgaged Property). Morigagor hereby grants to Mortgagee a security interest in the (otegoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and sinqular the tenementa, hereditaments and appurtenances thereunto helonging or in anywise appertaining and the reversion and reversions thereot and all the estate, right; title, interest, homestead, dower and right of dower, separute e$tate, posseesion, claim and demand whatsoever, as well in law aa in equity~ o( Mortgagor and unto !he aame, and every part thereof, with the appurteruinces of MortgaRor in i and to. the aame, and every ~rt and parcel thereot unto MortRagee. ' Mortgagor warrants that it has a goai and marketable title to nn indefe:isible fee estate in the Mortgaged Pro~?erty subject to no lien, charge or encumbrnnce except such as Mortgagee }ws agreed to ac~hept in writing and Mortgagor covenants that this Mortgage is and will remain a valid and enforceable fi~st moHgaRe on the Mortgaged Property subject on)y to the exceptiona herein provided. Mortgagor has full Ewwer and lawtul authority to mortgs~ge the Morlgaged PropeHy in the ' manner and torm herein done or intended hereatter to be done. Mortgagor will preaerve such title and will torever warrant ~ and defend the same to 1ltortgagee pnd wi1) forever warrnnt and detend the vaiidity and priority o( the lien hereot ngainst ' the claims o( all peraons aqd parties whomsoever. ~ Mortgagor will, at the cost of Mortgagor, and witl~out ex~~ens~ t~ Mortgagee, do, execute, ncknowledge and delivei ~II ~ and every auch furtfier acts, deeds, conveyancea, mortgages, assignmenta, notices o! assiRnment, transters and assurnnces as Mortgagee ahall from time lo time myuire in order to pre.Aen~e the priority ot the lien of thia Mortgaqe or to facilitate the per(orcnance ot the terms hereot. ~ 's s PROVIDED, HOWEVER, that i( Martgagor ahnll pay to MortRagee the indebtedness in the principal sum of ` a 1'2 • ~0 aa evidenced try that certain prumi~ry note (the Note1, of even date herewith, executed by ~ blortgagor and payable t~ order of Mortgagee, with interest and upon the terms us pmvided therein, and together with all ~ other aums advanced by MortgaRee to or on behalf ot MortRaqor pursuant to the Note or this Mortgage, the fina) maturity date ot the Note and this Mortgage being Five vears , and shall per(orm ~11 other covenants and ~ conditions ot the Note, all of the terma of which Note are incrorporated herein by reference as thou~h aet forth fully here- ~ in, and ot any renewal, extension or modi(ication, thereof and ot this MortRage,-then ihis 111ortgage and !he estate hereby ~ created ahall cease and terminate. ~ ~ Mortgaqor turther convenants and agreea with Mortgagee as tollowa: ~ 1. To pay all sums, including interest se~vrs~tl hereby when due, as provided for in the Note and any renewal, extension , or modification thereof and in this Mortgage, aU such suma to be payable in lawtu) money of the United States of America at Mortgagee e aforesaid principal ottice, or at such other place as Iliortg:lRee mny designate in writing. 2. To }x~y when due, and without requiring any notice (rom Mortgagee, all tazes, :~ssesaments o( any type or nature ~ and other chargea levied or assesaed againat the Mortgaged Ptoperty or thia Mortgs?ge and produce receipts theretor upon ' demand. To immediately pay and diacharge any claim, lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortgage and to permit no detault or delinquency on any other lien, encumbrance or charge against the Mortgaged Property. 3. I( required by Murtgagee, to also make monthly deposits with 1ltortgagee, in a non-interest t?earing accou~st, to- ~ gether with and in addition to interest and principal, o( a a~m equal to one-twelfth ot the yearly taYea and aseessments which ~ m:~y be levied against the Mortgnged Properiy. and (i( so required) one-tweltth ot the yearly prnmiums (or insurs~nce ~ thereon. The amount of auch ta:ea, assessm~nts and premiums, when unknown, shall be esiimated by :ltortgagee. Such ~ deposita ahall be used by Mortgagee to pay such taYes, axseysmenta and premiums when due. Any insu(ticiemy.of such z ~ ; ; l~ ic `~(M BC~K illlG? ~j ~ ` ~ - ~ v,~ = ~ ~y - ~ ~~x . ~