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HomeMy WebLinkAbout0823 4:3~949 . V p s. ~a.s o MORTGAGE DEED AND SECURITY AQAEEMENT ~~~i y~ . TNI3 MORTGAGS DSSD (the Mort~a~e), dated as o[ F~~a~ 9 , 18 79 , by i~~d between Birdie M. Ricks. a slnqle adult (l~ereina(ter called Mortgugor) and Su71 BaNc Of St. LuCie COUnty . having an o(fice at 111 OY'aAq@ AVe. ~ Ft. Pie1'Ce , Florida (6ereinafter called MoMgusee): WITNE99STH. that in consideration ot the premises and ia order to secura the payment ot both the principal of. and interest and any other sams payable on the note (as hereinatter detined) or this Mortsage and We pertormance and ob- servance ot all ot tbe proviaiona hereot and of aaid note. Mortaagor hereby grants, sells. warrants. aliens, remises, releasea. conveys, e~signs. transters. a?ortgases and seb over and confirms uato Mortgagee, all ot Mortgaaor ~~tate. ri~tht, title and interest in. to and under aU that certain [eal pwperty aituate in St: Lttcie _ County, Florida more particulady deecribed as follows: Lot 8, Block 1, ELDORADO SUBDIVISION, according to the Plat theraog, as recorded in Plat Book 8, paqe 2, of the Public Records of St. Lucie (buuty. - Flerida. ~ _ _ . r, S T,n.T F F L~}-? t.,r-~ ! ~awsd e~3, 9~C ~n PaYe'esnt OI T~ ~ t7 ~ Z ~ v O~ U h1 E N; A R Y..= , S? A M P r j Dw On C1ass •.C.. I ntang ibls Personel prop~ty, ~ ~~F~i. ;rzrEnui'.~. :.E ~ Pwwant To ChaDtet 71, 134. Acb Of 1971 r • F~ _:~~,~.~~~`~~._b ,:.I~ ~ 5 O~ ~ ROGERP017AAi 8-~ r-~ c' : Y • ,rs .f. _ ~ _ j C~erk Circuit Court, St. Lucis, Co., p~. 'I'O('E1'HER WITH all improvementa now or hereatter located on said real property and all fi:tures, applinnceP, apparatus, equipment. heating and sir canditioning equipment, machinery and artictes of peraonal property and replacement thereot (other than tha~e owned by leaseea of said real property) now or hereatter atti:ed to. attached to, placed upon, or used in any way in rnnnection with the complete and comfortable use, occuPancy, or operation ot said real pmperty. all licenses and permits used or required in connection with the une ot said real property, all leases oi eaid real pmperty now or herea[ter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder {wrsuant to eaid leasea. and all rents, iseuea. pmceeds. and profita accruing from eaid real property and together with all pr«.~eeda ot tbe converaion, voluntary or involuntary o[ any of the foregoing into cash or liquidated claims, including without limitation, pmceeds of insurance and condemnation awards (the foregoing said real property, tangible and intangible peraonal property hereinafter re(erred to ae the Mortgaged Property)_ Morlgagor hereby granta to Mortgagee a eecurity intereat in the foregoing described tangible and intangible peisonal property. TO HAVE AND TO HOLD the Mortgaged Property, Eogether with ali and singular the tenements, hereditamenta and appurtenancea thereunto belonging or in anywise appertaining and the reversion and reversions thereo[ and all the estate, right, title, interest, homestead, dower und right of dower~ separate estate, possesaion, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenancea 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 e:cept such as Mortgagee has agreed to accept in writing and Mortgagor covenants that this Mortgage is and will remain a valid and entomeable [irst morigage on the Mortgaged Property subject only to the i e:ceptions 6erein provided_ Mortgagor has tull power and lawful authority to mortgage the Mortgaged Property in the ~ manner and form hetein done or intended hereaiter to be done_ Mortgagor will preserve such title and will forever warTant ; and defend the same to Mortgagee and -will forever warr~nt and detend the validity and priority ot the lien hereot against . ~ the claims ot all persons and partiea whomsoever. ~ Mortgagor will, at t6e coet ot Mortgagor~ and without ezpenee to 1Giortgagee, do, execute, acknowledge and deliver aU ~ 1nd every such turther ucts. deeds, conveyances, mortgages, asaignments, notices of assignment, tranafers and ass~rances as s Mortgagee shall from time to time require in order to preserve the priority ot the lien of this Mortgage or to tacilitate the ~ performance of the terms hereof. ~ PROVIDED HOWEYER, that if Mortgngor shall ~~ay to Mortgagee the indebtedne~ in the principal sum ot • s 6.980. 3~ ~ evidenced by that certain promissory note (the_ Note), of even date herewith, ezecuted by Mortgagor and payable to otder o( Mortgagee, with interest and upon the terms as provided therein, and together with all other suma advanced by Mortgagee to or on behalf of Mott agor purauant to the Note or thia Mortgage, the final maturity date ot the Note and thia Mortgage being F~~a~ 6~ 1~89 , and shall pertorm all other covenants and conditions ot the Note, all ot the terme of which Note are incorporated herein by reterence as though set forth tully here- in, and of uny renewal, e:tension or modi(ication, t6ereot and oi this Mortqage, then thia Mortgage and the estate hereby created shnil cease nnd terminate. Mortgagor further convenants and agreea with Mortgagee as tollows: 1_ To pay all sums, including interest eecured hereby when due, as provided tor in the Note and any renewal, e:tension - or modification thereof and in this Mortgage, all suc6 aums to be payable in lawful money of the United Statea ot America at Mortgagee's aforesaid principal oftice, or at such other place as Mortgagee may designate in writing. 2. To pay when due. and without requiring any notice (rom Mortgagee, all tazes, assesamenta of any type or nature ~ and other chargea levied or asseased against We Mortgaged Property or this N.ortgage and produce receipta therefor upon ~ demand. To immediately pay and discharge any claim, Gen or encumbrance against the Mortgaged Property which may be ~ or become superior to t6is Mortgage and to permit no detault or delinquency on any other lien, encumbrance or c6arge ~ ~ against the Mortgaged Property_ f ~ ~ 3. I( required by Mortgagee, to a18o make monthly deposita with Mortgagee, in a non-interest bearing account, to- get6er wit6 and in addition to intereat and principal, ot a sum eqaal to one-twelfth of the yearly ta:es and aseeasmenta which ~ may be levied against tt~e Mortgaged Pwperty, and (if so required) one-tweltth of the yearly premiuma tor insurance ~ thereon. The amount ot s~ch ta:es, assessmente and premiums, when unknown, shall be estimated by Mortgagee_ Such ~ ~ depoaits ahall be used by Mortgagee to pay such taxes, aseesamenta and premiume when due. Any insutticiency of such ~ ~ -1- ~ } ~ 9eo~ ~uc7 ~~cE 8~ ~ ~ ~ ~ ~ , . ~ , z - x a~,~~ ti~: ~ - ~ _ti,: ; ~ , . ~ - - _ _ - _ .