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Home My WebLink About0059 ~:33454 ; ~ + ~l.l'; ' ~ !:U ~ ~ ~ MORTGAGE DEED AND SECURITY AGREEMENT THI9 MOR1'GAGS DSED (the Mortga~e), dated w o( Feb. ~'th , 1879 , by and betweeo Dale's Bar 8-Q, Inc., a Florida Corporation (hereina(ter called Mortgagor) and SW1 BSI1~C Of St. Lt~C~@ County . havin~ an ottice at 111 Oranqe Avenue, Fort Pierce, . Flocida (hereinetter called Mortgvgeel; W1TNE83Ts'I'H. that in consideratio~ ot the premises and irt order to securo the payment ot both the principal of. and iatere~t and ary ot6er ~ums payable on the note (as heninattsr detined) or this Mort~e and the per(orn~ance and ob- senra~ce of all ot the prowions hereof and ot said note. Mortaaaor hereby ~rants, ~elb. watrants. aliens. remise~. seleasea, convays. awi~n~. transters` mott~es and seb over and contisan~ uoM Mortga~ee, all of Mortgaaor'~ edate. riRht, title a~d iatet~! in, to and under all that certain real property ailuate in St . Lucie Caunty, Florida more particularly de~cribed as tollows: . SEE BXHIBIT "A" ATTACH~D. . - ~ y~, _ n.~.w.a, 9a. ~ a, ~nr~,.~a of T.xe. S T A T E F L O ~ l ~ i 7 ~ o~ o ~ c~ c'~ t~ w~•~«~~~• nOCUMENTARY STA M P i l. x~ q~rwant To-Chapt~?~71. 134• Acv Of 1971• DEP7. OF REVENUE • ~ - Rp(~R POITRA.4 °d p~/~ _ Pa c3 -e'T3 °~;f.-~-~; G. 5 0 ~ CIMk CirCNtit CiOWt. $t: u1CN~ CiO.• - ~i 'I'O('ETHER WITH all improvements now or herea(ter located on said real properiy and all fixtures, appliances, apparatus, equipment, heating and air conditioning equipment, machinery and articlea of pereonal property and replacement thereof (other than those owned by lesseea ot eaid real property) now or hereafter afti:ed to, attached to, placed upon, or »ed in any way in rnnnection with the complete and comtortable use, ciccupancy, or operation of said real propeHy, all licensea and permita ueed or required in rnnnection with the uae ot aaid real pmperty~ all leasea ot said real property now or hereatter entered into and all right. title and intereat of Mortgagor thereunder, including without litnitation, cash or securi- tiea deposited thereunder pursuunt to said leaees. and al) rents, issues, proceeds, and profits accnung.(rom said real property and together wit6 all proceeds ot the rnnveraion, voluntary or involuntary oi any of the toregoing into cash or liquidated claims. including without limitation, procfeds ot insurance and condemnation awards (the toregoing said reat property, tangiWe and intangible peraonal properiy hereinafter reterred to aa the Mortgaged Property). Mottgagor hereby grants lo Mortgagee a security interest in the foregoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Moetgaged Properiy, together with all and aingular the tenements, hereditaments :ind appurtenaneea thereunto belonging or in anywi~e appertaineng and the reversion and reversions thereof ~ and all the estate, right, title, interest, homestead. dower and rig6t of dower, separate estate, poseession, claim and demand whatsoever, ns well in law as in equity, of Mortgagor and unto the satne, and every part thereof, with the appurtenancea, ot Mortgagor in and to the same, and every part and parcel thereo( unto Mortg~gee. ~ Mortgagor warranta that it has a good and market~ible title to an indeteasible fee estate in the Mortg~ged Properly subject to no lien, charge or encumbrance eacept such as Mortgagee has agreed to accept in writing and Mortgagor covenants that this Mortgage is and will cemain a valid and enforceable Crst mortgage on the Mortgaged Property subject only to the ' e=ceptione herein provided. Mortgagor has [ull power and lawful authority to mortgage the Mortgaged Property in the ~ manner and form herein done or intended hereafter to be done. Mottgagor will pt+eaerve auch title and will forever warrnnt ~ ~ and detend the aame to Mortqagee and will forever warrant and de(end the validity and priority ot the lien hereof against 1 k the claims oi all persons and parties whomacever. ~ ~ Mottgagor will, at the coet of Mortgagor, s~nd without e:pense to Mortgagee, do, execute, acknowledge and deliver all and every euch (urther acta, deeds, conveyances, mortgages, assignmenta, notices nf assignment, tranefere and aasurances as Mortgagee ahall from time to time require in order to preaerve.the priority ot the lien of this Mortgage or to tacilitate the periormance of the terma hereof. . PROVIDE ~tO VER. that it Mortgagor s6a11 pay to~ Mortqagee the indebtedness in the principal sum ot 95, ~b0. i evidenced by that certain promissory note (the Note), of even date herewith, e:ecuted by Mortgagor and payable to order ot Mortgagee, with intereat and upon the terms as provided therein, and together,with all ~ other aama advanced by Mortgagee to or ogeb~haj( ot MQ~gagor pursuant to the Note or this Moctgage, the final maturity date ot the Note and th~ Mortgage-being 1'' b 1~ 1 J J , and shall perform all other covenants and conditiona of tbe Note, all o( the terma ot which Note arn incorporated herein by reterence as though set torth fully here- in~ and of any renewal, extenaion or moditication, thereo( and of this Mortg:~ge, then lhis Mortgage and the estate hereby created ahall ceaee and terminate. , Mortgagor further convenants and agreea with Mortgagee ae tollows: ~ 1. To pay all sums, including interest secured hereby when due, as provided (or in the Note and any renewal, extension or m~(ication thereof and in this Mortgage, all such sums to be payable in law(ul money o[ the United States of America ~ at Mortgagee e aforeaaid principal otfiae, or at auch other place as Mortgagee may designate in writing. ~ . ` 2. To when due, and without ~ pay requiring any notice (rom Mortgsgee, all taYes~ asaessmenta ot any type or nature and other charges levied or asseseed against the Mortgaged Property or thia Mortgage and produce receipta there[or upon ~ ~ demand. To immediately pay and discharge any claim. Gen or encumbrance against t6e Mortgaged Property which may be ~ or hecome superior !o this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge ~ againat the Mortgaged Property. ~ ~ 3. It required by Mortgagee, to also make monthly depoaits with Mortgagee, in a non-interest bearing account, to- ~ getl~er with and in addition to intereat and principal, ot a aum equal to one-twelfth of the yearly tazes and aasesaments which ~ ~ msiy be levied against the Mortgaged Yroperty~ and (it so required) one-twelfth ot the yearly premiums tor insurance ~ thereon. The amount ot such tazes, aseessments and premiums, w6en unknown, ahall be estimated by Mortgegee. Such ~ deposita shall be used by Mortgagee to p~y such taxes, aseeesmenla and premiuma when due. Any insu((iciency ot such ~ This Insirumer# p.?e~ared by Sun ~s:~!< -1- o~ S±. LLri~ !'C;i~~t}', S.f: ;;t. ~~~ie t i ~ t~~ GOUf Bctik. . ~ n~0~c JVV ~~tCE ~ g l(,ll.l f~ _ ~ . ~ ' ' y ~ t2 ; . S:.f ~ FORi PIERCE, flti; i:.+1 ~ . : ; - - . ~ ~ . _ . ~ ~ .~s• ~`.xd'.,z.~..; Lx~: - s. . ~ ' ' z _ . _ - - s