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Home My WebLink About2183 432881 I`~ , y f , MORTGAGE DEED AND SECURITY ~F~EEME~1'•~ THis MORTGAGE DEED (the Mortgage), dated a. of February 2 18?9, by and between Blanche M. Wotruba and Jeanie T. Mazza (hereinafter called Mortgagor) and Sun Bank Of St . LuC].e County ,having an orrice at 111 Orange Avenue, Fort Pierce ,Florida (hereinafter called Mortgagee): WITNE33ETH, that in consideration of the premises and in order to secure the payment of both the principal of, and interest and any other auras payable on the note (as hereinafter defined) or this Mortgage and the performance and ob- servance of al) of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases, conveys, assigns, tramten, mortgages and nets over and confirms unto Mortgagee, all of Mortgagor s estate, right, title and interest in, to and under all that certain real property situate in St. Lucie County, Florida more particularly described as follows: Lot 22 and 23, Block 7 of Silver Lake Park Addition as recorded in Plat Book 10, -page 8, public records of St. Lucie County, ~ . Florida. ~ STATE Ft.._CF?~[~~. ~ r'Z DO~UA1EhiTARY,{•-::: S7i~MF T!: i ~ ~ _ _ Uf~r. uF YtvEr~uE s~ - ) gst;~hrtd In Payment Ot Taxes = PB = - --'~9 t 4 5 ~ I OIN 01t ~ "C~ hKSnpiae Personal PraGSnh1 • • ~-y ~ Ptrsuant TO ChsptK 71. 134. Atxs Of 187! . :.J O 110GER POITRAS a TOGETHER WITH all improvements now or hereafter located on s:~id real property and all tiztures, applian~rs. apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement thereof -(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 comtoriable use, occupancy, or operation of said real property, :ill 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, czsh or securi- ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing tram said real property and together with all proceeds of-the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims, includiriq 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, hereditamenls 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 Mortgagor and unto the same, and every part thereof, with the appurtenances of Mortgagor in and to the same, and every part and p:~rcel thereof unto Mortgagee. Aortgagor warrants that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Pro{~erty subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants that this 111origage 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 torn herein done or intended hereafter to be done. Mortgagor will {reserve such title and will forever warrant f and defend the same to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against the claims of all persons and parties whomsoever. j Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee,. do, execute, acknowledge and deliver all ` 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 oI the lien of this Mortgage or to facilitate the E performance of the terms hereof. s r PROVIDED, HOWEVER, that if Mortgagor shall tiny to Mortgagee the indebtedness in the principal sum of a S 31, 000.00 ~ evidenced h that certain 1 y promissory note (the Note), of even date herewith, executed by Mortgagor and payaF?le 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 March 1 • 1989 ,and shall perform-all other covenants and conditions of the Note, all of the terms of which Note :ire incorporated herein by reference as though set forth fully hare- d in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. . t Mortgagor further convenanta and agrees with Mortgagee as follows: a 1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension or modification thereof and in this Mortgage, all such sums to be payable in I:~wful money of the United States of America at Mortgagee's 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 iViortgagee, all taxes, assessments of any ty{~e 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 again.4t the Mortgaged Property. s 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- gather 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 lit so required) one-twelfth of the yearly premiums for insurance ' ~ thereon. The amount of such razes, 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 insut(iciency of such ~ _I_ U R ~7iJ pn ~ 4 DUO!(vV../ !~t',tCz~, 3 e 9 . ~ _ _ _ r--~.- _ ~Y ~ - k--