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MORTGAGE DEED AND SECURITY AGREEMENT
THIS MORTGAGE DEED (the Mortgage), dated as of 26 _ , 1979 . by rind between
CHARI,SS L. SELL AND BDNA M. BELL, his wife
(hereinafter called Mortgagor) and g~ B~K OF ST. LUCIE COUNTY ,having an
office at 111 Orange Avenue, Fort Pierce, ,Florida (hereinafter called Mortgagee):
WITNE89ETH, that in consideration of the premises and in order to secure the payment of both the principal ot, and
interest and any other sums payable on the note (as hereinafter defined) or this Mortgage and the performance and ob-
servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases,
conveys, assigns. trarrsten, mortgages and seb over and con[irms unto Mortgagee, all of Mortgagor
s estate, right, title and
interest in. to and under all that certain real property situate in St - T ~rt~t pCounty, Florida more particularly
described as follows:
IAt 18 in RICHARD EDWARDS SUBDMSION, as per plat thereof recorded in
Plat Book 10, page 1, Public Records of St. Lucie County.. Florida.
i
N STATE ~
F F L O R ~ ~ ~ Re~elvsa • ~ a'° to PsYntsnt Ot T.ot..
r u~ D a~J N~ E N T A R 1• ` y S T J,A F 1 t• > ~ Due On Class "C" Intsrrpibls Personal PropMly.
~Er'- Qi' YEYCNVE-~~~~~'~ - - ' gtrsuant To Chapts? 71. 134. Acts Of 1871.
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TOGETHER WITH all improvements now or hereafter located on said real property and all fi:lures, appliances,
apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement
thereo[ (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, placed upon, or
used in any way in connection with the complete and comfortable use, occupancy, or operation o[ said real property. all
licenses and permits used or required in connection with the use of said real property, all leases of said real property now or
hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi-
ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing from said real property
and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated
claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property.
tangible and intangible personal property hereinafter referred to as the Mortgaged Property). Mortgagor hereby grants
to Mortgagee a security interest in the foregoing described tangible and intangible personal property.
TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and
appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as
well in law as in equity, of 11~ortgagor and unto the same, and every part thereof, with the appurtenances of Mortgagor in
and to the same, and every part and parcel thereof unto Mortgagee.
Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the Mortgaged Property
subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants
f that this Mortgage is and will remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the
exceptions herein provided. Mortgagor has full power and lawful authority to mortgage the Mortgaged Property in the
manner and form herein done or intended herea[ter to be done. Mortgagor will preserve wch title and will forever warrant
and defend the same to Mortgagee and will forever warrnnt and defend the validity and priority of the lien hereof against
i the claims of all persona and parties whomsoever.
~ Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deliver all
i and every such further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as
Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the
i performance of the terms hereof.
PROVIDED, IiOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in _ the principal sum of
_ ~ ~,nnn_ nn as evidenced by that, certain promissory note (the Note), of even date herewith, ezecuted by
Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all
other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this Mortgage, the final maturity
date of the Note and this Mortgage being F b- 1 c 1989 ,and shall perform all other covenants and
conditions of the Note, all of the terms o[ which Note are incorporated herein by reference as though set forth fully here-
s in, and of any renewal, eztension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby
created shall cease and terminate.
Mortgagor further convenanta and agrees with Mortgagee as follows:
1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, a:tension
or modification thereof and in this Mortgage, all such soma to be payable in lawful money of the United States of America
at Mortgagee a aforesaid principal office, or at such other place as Mortgagee may designate in writing.
2. To pay when due, and without requiring any notice from Mortgagee, all tares, aaaessmenta of any type or nature
and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts therefor upon
demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be
or become superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge
against the Mortgaged Property.
x 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to-
gether with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly fazes and assessments which
may be levied against the Mortgaged Property, and (if so required) one-twelfth of the yearly premiums for insurance
thereon. The amount of such tares, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such
deposits shall be used by Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such
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