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HomeMy WebLinkAbout0022 • ~L 4~~5 . MORTGAGE DEED AND SECURITY AG~EE~EI~T THIS MORT(iA(i8 DB~D (the Most~). dated a~ d~~~~ . 19~. by and between . George B. 1Cru1 ~ 7We11 L. ltrul, his wite (heninatter called Moregator) and 3UA HaA1c Ot St. Luc3e COUnty , bavin~ an ottice at 111 O~ranqe l~venue, Ft. Pierce, Florida (hereinatter called Mortgagee); WITNE988TH. that ia consideration o[ We premise~ and in order to secure tLe payment o[ boW tbe principal ot, and. interest and anq otber suzw psyable on tba note (as bereinatter defined) or tlus Mott~aae end tl~e pedorovance and ob- sstvano's of aU of tba provisions 6ereot and ot said nots. Mortaa~or hereby sranb, ~ells. w~arrants, aliens. remi~ea. relea~es. conveyi„ a~ns. ttanstenr mortsases and ~eb over aad contircas unto Morlgaaee. all of 1Nortgagor's estate, ri~thR t~tle and intee~t in. to and w~der all that certain real property situate in St. Lucie County, Florida more particularly de~cribed as followr Ivt 5, Block 6. GREBN ACRSS UNxT TeRS$, a Subdivision as per Plat thereof recorded in Plat Book 16, Page 28+ of the Puhlic Revords of St. Lucie County, Florida= ~ ~ Includinq a 1973 ltieperial Mobfle Home, 12 X 65 Ser~ 2982F vith all improvements ~ located on property. _ ' Q ~ ~ TA'1" E`'F F L O R I C~ A: ~ _ n'OMwa • ~O• P.rr+«u orT.~„ 70CUh1EN?AR1'.~::°.;.SIlaMP Tt,','~ DtNOnCy~M~ ~EVT. UF REVEl~U= - - ' P1N~fMTO ~~~~~i - = ~Fe-o~~s ~ I 9. 6 5 i a ~r,~. ~ = Fs. ~ ~ cM.k C+revit TR'°~s g.~/~ . ;~;2 ~ou?~ S't, ~.ucM. Co., FN. ~-~.Y- - T'O('ETHER WITH all improvements now or heteafter locatetl on said real property and all fizturea, appliances, apparatus, equipment, heating and air conditioning equipment, aoachinery and articles o[ peisonai property and replacement thereof (other than thaee owned by leesees of said real property) now or hereafter a(ti:ed to, attached to, placed upon, or ueed in eny way in connection with the complete and oomtortable use~ occupancy. or operation of said rnal property, all licenees and permib used or required in connection wit~ the use of said real property. all lenses of eaid real pmperty now or hereafter entered into and all ri~ht, titie and interest oE Mortgagor thereunder, including without limitation, caah or aec~ri- ties depoeited Wereunder pursuant to aaid leasea, and sU rents. ieeues, Proceeds, aad pmfits accruing trom aaid ceal pmperty l and together wit6 all proceeds of the conyersion. voluntary or involuntary ot any of the foregoing into cash or liquidated claims. including without limitation. pmce~s of insurance and condemnation awards (t6e foreaoing said real property, tangible and intangible peraonal pnoperty hereinafter referred to as the Mortgaged Pmperty). Mortgagor hereby grants to Mottgagee s security interest in.the foregoing deacribed tangiWe and intangible pereonal pmperty. TO HAVE AND TO HOLD the Mortgaged Property, together with ali and aingular the tenementa, hereditamenta and appurtenances t6ereunto belonging or in anywise appertaining and the reveraion and reveisions thereof and al! the estate, right, title, interest, homestead, dower and right o[ dower, eepamte -estate, poeaession, ciaim and demand whatecever, as well in law as in equity. of Mortgagor and unto the aame, and every part thereo[~ with the appurtenances of Mortgegor in and to the same, and every part and parcel thereo[ unto Mortgagee. " . Mortgagor warrants that it haa a good and marketable title to an indeteasible (ee eatate in the Mortgaged Property subject to no lien. c6arge or encumbrance e:cept such as Mortgagee bas agreed to accept in writing and Mortgagor covenants that thie Mottgage is and wilf remain a valid and entorceable first inortgage on t6e Morigaged Propecty subject only to the ezception$ herein provided. Mortgagor 6as full power and lawfu} authority to mortgage~ the Mortgaged Property in the i . manner and form herein done or intended bereatter to be done. Mortgagor witl preserve suc6 title and will torever warrant ~ and defend the eame to Mortgagee and will forever warrant and defend the vaUdity and priority o[ the lien hereot againat t the claima of all peraons and partiea whomsoever. Mortgagor will, at the cost of Mortgagor, and without e:penee to Mortgagee, do. e:ecate. acknowledge and deliver all ~ and every such further acts, deeda. conveyances, mortgages, assianments, notices of assignment, transters and aagurancea as E Mortgagee shall from time to time req~ire in order to preaerve the priority of the lien of this Mortgage or to tacilitate the ~ performance of the terms hereof. - ~ ~~t,CbV~~~. HOWEYER, that it Mortgagor ahall pay t~ Mortgagee the indebtedness in the principal aum o( S as •evidenced by that certain promiasory note (the Note), of even date herewith, ezecuted by Mortgagor and payable to order of Mortgagee~ with intcrest and upon the tetma as provided t6erein, and together with all . ~ other aums advanced by Mortgagee to or on behalf of Mortgagos purauant to the Note or thia Mortgage, t6e final maturity date of tbe Note and this Mortgage being F~~~ 1¦ 1989 , and ahall pertorm all other covenants and conditions of tbe Note, all o( the terma of which Note are incorporated 6erein by reference as though aet forth fully here- in, and of any renewal, e:tension or moditication, thereot and of this Mortgage, then this Mortgage and the estate hereby cteated shall cease and terminate. ~ Mortgagor furt6er convenanfa and agreea with Mortgagee aa follows: ~ 1_ To pay all sums~ including interest eecuced hereby when due, aa pzovided for in the Note and any renewal, extension or moditication thereof and in thie Mortgage, al! surh eums to be payable in lawful money of the United States of America at Mortgagee's a(oresaid principal ot~ce, or at such other place as Mortgagee may designate in writing. ~ - - _ 2. To pay when due, and without reyuiring any notice from Mortgagee. all tases, assesements of any type or nature ; and other chs~rgea levied or aaseseed again~t the Mortgaged Pmpezty or thia Mortgage and produce receipta therefor upon ~ demand. To immediately pay and diacharge any claim, lien or encumbrance against the Mortgaged Propetty 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 Propedy. ~ ~ 3. If required by Mortgagee, to aleo make monthly deposita with Moctgagee, in a non-interest bearing acrnunt, to- ~ set6er with and in addition to interest and principal. of a sum eqaal to one-twelit6 of the yearly ta:ee and aasessments which ~ may be tevied against the Mortgaged Property, and-(if so required) one-hveltth of t6e yearly premiucns for insurance ~ thereon. The amount o[ such ta:ea, aseesements and prnmiums, when unknown, shall be eatimated by Mortgagee. Such ~ depoaita shall be used by Mortgagee to pay such tases, aaee~ments and premiums whea due. Any inaut(iciency of such ~ -t- . ~ ~ BOOIC ~ ~ _ # ~ ~ ~ - - - - - ~y ~ ~ ~ ~ . .