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HomeMy WebLinkAbout0072 , q~~3~4~b tS ; ~ ~ , ~ ' .s ~\2 ~:wt~ w~ t MORTGAGE DEED AND SECURITY AGREEMENT ~ + THI3 MORTGAGg DELD (the Mortsase). dated as ot QPrR'^'hF+r 2 9 ~ 18 ZS , by and between ALBEEri' C. SAND~SICIS hcld ~Y ~1~1 $~U~KIS ~ hi8 Wlf@ ? (l~ereii?aiter cedled Mortgs~or) and St~l H~IIt ST. IACIB ~T1'Y "n ottice at ],1~ QI81XJ8 AV~2l1LY:~ FbL'~ P1Er~@ ~ . Florida lhereinatter called Mortsugee): WITNESSS'I'H. thsl in consideration oE lhe premise~ and in order to ~ecuca the payznent o~ Iwth tbe principal of, and iatee+e~t and any other sums p0.Yable o~ the note (as bereinatter de(ined)• or this Mort~e aad the pedorn~ance and ob- serveince ot aU .ot the ptovi~ior~ 6ereof and of said aote. H1o~agor henby srant~. ~alls. wan~snb. aliens. e'emise~, relessea. convey~, aai~ns, treiu[en. modssse~ and ~eb over and contirms unto Mort~a`ee, all ot Modgaaor's este~te. rilthR title and interest ia. to and under all that certai~ r~l properly s~tuate in St• ~le Couoty. Florida more particularly described as tollows: ~ ~ Lot 1. Block l, AIRPORT II~Di~S'i'RIAL PARK, t~ll'~ I, as per Plat . thereof an file in Pl,at Hoalc 12, Page 40, Public Reo~ras of St. Lucie Ootnzty• Flarida. N~ ~ Rece~ved s I M~M pt Taxss ~ STATE FLO ~ D A~ ~ o~? o„ ciass ••c'• ~nisnota.p«~on~~P~ovnY• - ~O~ItMENTARY~= STA M P r r. X~ pursuent To Chaptsr 71.194. A~ts Oi 1~71• ]f~T. UF REYENUE . ~ _ _ ~ ROGER POITRAS _ ~ F=~~ •8'7S ~ ~ Cle?~ ClrCUit COUrf. St, 1,.uC10. ` 8 2. 5 0 A.. - oe.? L~ ' _ ~'PO(^ETHER WITH all improvementa now or hereaiter located on aaid real property end all fixtures, appliunces, apparatus,"equipment, heating end air conditio~ing equipment, machinery and articles ot personal propertY and replacement thereot (other than thoee owned bY ~e~ees of said resl properiY) now or hereatter a(fixed to, attached to, placed upon, or uaed in any way in connection with the complete and comtortabte uae, occuPancy, or operation ot aaid renl property, all )icenees and permits used or required in rnnnection with the use o[ aaid real property, all leases ot said reat pmperty now or hereatter entered into end all right, title and interest ot Modgagor thereunder, including without limitation, cash or securi- ties depoaited thereunder pursuant_ to said le~ses. and aU rEnts, issues. Proceeds. aad Pro<<ta accwng trom said real properlY . and together with all ptoc~.~eda ot the convessioa, voluntary or iavoluntary ot any of the foregoing into cash or liquidated _ claima. includina wit6out limitation, ptoceeds ot insurance and condemnation awarda (the foregoiag said real property. tangible and intan(~ible personal ptopertp _ hereinatter reterred to as the Mortgaged Property). Mortgagor hereby grants ~ to Mortgagee a eecurity intereat in the toregoing deacribed tangiMe and intangible personal property. ' TO HAVE AND TO HOLD the Mortaaged Property, together with all and aingular tbe tenements, hereditaments and ~ appurtenances thereunto belonging or in anywiae appertaining and the reversion and reversions thereof and all the estate, right, title, intereat, homestead, dower and right ot dower, aeparate estate, po~sesaion, claim and demand whatscever, as well in law aa in equity, ot Mortgagor and unto the same, and every part thereof, with the appurtenancea of Mortgagor in _ and to the aame, and every part and parcel thenwf unto Mortgagee. MortRagor warranta that it has e good and marketable tit4e to an indefeaaible (ee estate in ihe Mortgaged Property ~ subjeM to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants that thu Mortgage ia and will remain a valid aad en(orceable first mortgage on !he Mortgaged Property "subject only to the ' ezceptions herein pmvided. Mortgagor has fu11 power and lawfu) authority to mortgage the Mortgaged Properly in the ~ manner and form herein done or intended herea[ter to be done. Mortgagor wili preseive such title and will forever warrant i and de(end the same to Mottga6ee and will torever warrant and deter?d the validity and priority ot~ the tien hereo( against - ~ the claims of all pereona and parties whomsoever. . . ~ ~ Mortgagor will. at the caet of Morigagor, and withoui e:penae to Mortgagee, do, e:ecute, acknowledge and deliver all nnd every such further acta. deeds, conveyancea, mortgagea, aesiBnmenta. notices ot assignment, trans(era and assurances as ~ Mortaaaee ahall from time to time requit+e in order to preserve tKe priority ot the lien ot this Mortgage or to tacilitate the ~ performance of the terms hereof. - i E PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortqagee the indebtedn~ in the principal sum ot ~ ~ _$S,DDO.OU as evidenSed by tb$t eertein pmmissocy note (the Nole), ot. even date herewith, executed by ~ ~ Mortgagor and payable to order of Mortgagee. with interest and upon the terma as provided therein. and together with all ~ other auma advanced by Mortgagee to or on behalf of Morlgagor purauant to the Note or this Mortgage, tbe tinal rr~aturity g date of the Note and thia Mortgage being `7~II~2 1~ 1989 , and shall perform nll other covenants and ~ conditiona of the Note, all of tbe terms of which Note are incorporated herein by reference as though set forth fully here- ~ .in, and of any renewal, extenaion or modification, thereat Hnd of this Mortgage, then this Mortgage and the estate hereby created shal) cease and terminate. ~ Mortgagor [uri6er convenanta and agreea with Mortgaaee aa tollowa: 1. To pay all sums. including ~ e=est eecured hereby when due. s~a provided tor in the Note and any renewal, extension or modification ther¢of and in ~}tb ~ortgage, all such suros to be payable in lawiul money oi the Unitecl States of America ~ at Mortgagee a atoresaid princtipal ottice, or at sach other place as Mortgagee may designate in writing. ~ 2. To pay when due. and without requiring any notice from Mortgagee, all ta:es, assessments oi any type or nature and other charges levied or asaeseed aBainst the Mortgaged Property or thia Mortgage and produce receipta theretor upon ~ ~ demand. To immediately pay and discharge any claim, lien or encumbrence against the Mortgaged Property which may be ~ or hecome superior to this Mottgage and to permit no default or delinquency o~i any other Gen, encumbrance or charge ~ ~ against the Mortgaged Property. ~ 3_ It required by Mortgagee, to also make monthly deposita with Mortgagee, in a non-intereat bearing account, to- ~ gether with and in addition to interest and principal, ot a sum equal to one-tweltth of the yearly ta~e$ and asseasmenta which ~ may be levied againat the Morigaged Property, and (if so required) one-tweltth of the yearly premiums for insurance thereon. The amount of such ta:es, sissessmenta and premiuros, when unknown, shall be estimated by Mortgagee_ Such ~ deposits ahall be used by Mortgagee to pny such ta:es, asBessmenta and prertuums when due. Any insutficiency ot such ~ - ~ ~ -1- ~ 80GKJVt7 PACE ~ 1~+ S~- ~ a''' ~ . . _ .~i' . ..~t~ ~nu.~~~~ r~ffn_w1.....w~.. • - - ~ - - 1 ~k ~.''''r `~.'y 7 . - . ~ . ; a . . . . .