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Home My WebLink About0827 ~:~{y~v 13/ y , . . . . MORTGAGE DEED AND SECURITY AGRElMENT ~~7'~ (v .`1 ~ THIS MORTGAGE DEBD (tha MoKgage), dated w ot February 9 . 18 79, by and between Za1ia L. Brown . thereinalter called Mortsasor) and $11t1 BaII1C Of $t. Lucie COt1At~I , ht~vinR an oftice at 111 0r8Age Avenue, Ft. Pierce, F1. 33450 . , Florida (hereinafter c~lled Mortgvqee); WITNFSSETH, that in consideration ot the premiaes and in order to secure the {x~yment ot tioth the principal of, and interest and eny other sum~ peyable on the rwte (aa hee~einatter detined) or this Mortgage and the pertormance and ob- seeraoce ot all ot the provisions 6areot and o[ said note. Mortgaaor hereby_srenta, seUs. warrants, aliens. remises, releaeea. rnnveys, aeisat. transten.~ mortgages and sets over and confirms unto Mortgagee, all ot Modgagor's eatate, riRht, title and interest in~ to and under all that certain real pmperty situate.in SC. Lucie County, Florida more Fx~rtirularly dexribed as tollows: Lot 9, Block A, Frambach Subdivision, as per plat thereof on file in Plat Book 7. ~ page 36, Public Records of St. Lucie County, ~ Florida. ~ ~ . . '1 m - - - - - _ • R~cehred s ~ Patrmsnt O~ Tax~s . S TAT E ^ ~ : ~ F% : ~ ' - ~ , uue o~ c~~~; ••r;.. ~ ~ - L%~:;:ili.lEh?ARY STA!~ i' : % ~ ~ ntan~iblePersonelProplrly. =Z `r Lr r~3'. GF kEti~~fUE-.;•iT~~ - ~ pursuam To Chapter 71, 134. Acts pf 1971. ° : 4 R E oirn a - - ~~•ty `~jf ~ ~ 9 5 ~ C1srR Circuit Cour~t St~, l.ucie. Co., FI~ ~ - 1'O('ETHER WITH ail improvementa now or hereafter located on said real properly and aU tixturea, appliances, apparatua, equipment, heating and air conditioning equipment, machinery and articles o( personal property and mplacement thereot (other than thoae owned by leasees of said real property) now or hereatter a(ti:ed to, attached to, plpced upon. or used in any way in connection with the complete and comfortable uae, occupnncy, or operation ot said rea! pro~~erty, :?11 licenaes and petmita uaed or required in connection with the uae ot said real property, nll leases ot said real property now or hetea[ter entered into and all righ~, title and interest of Morlgagor thereunder, including without limitation, cash or securi- ties deposiled thereunder pursuant to said leases, and all rnnts. isaues, pra~eeda, and profits accruing trom said real properiy and together_with all procecds ot the conversion, voluntary or involunlary of any o( the toregoing into cash or liquidated claims, ineluding without limitation, proceeds of insurance and condemnation aw~ards (the toregoing said real property, tangible nnd intangible personal property herein~fter re(erred to ae lhe 11lortgaged Property). MoHgagor hereby Krants to Mortgagee a security intereat in the toregoing described tsingible and inWagible personal property. - TO HA`/E AND TO HOLD the btortg~Red Property, togethet with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereo( and all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as wel) in law s?s in equity, of Mortgagor and unto the s~me, and every part themof, with the appurtenances of MortRagor in rnd to the same, and every part and parcel thereo[ unto Mortgaqee. Mortgagor warranls that it has a good and marketable tiQe to an indefeasible tee estate in the MortRaRecl Pro~?erty subject to no lien, charge or encumbrance except such as Mortgagee has agreed to ai•cept in writing and MortRagor covenants that this Mortgage is and will remain a valid and enforirable first mortgage on lhe Mortgaged Pro~~erty subject only to the I e:ceptions herein provided. Mortgagor has tull power and law(ul authority to mortgage the Mortgagecf Pro~~ertv in the i manner and torm herein done or intended herea(ter to t?e done. Mortgagor s~viU preserve such title and will forever warrant f und defend the asime to Mortgaqee and will forever warrant :+nd defend the validity ~nd priority o( the lien hereot against the claims o( a1t persons and parties whomsoever. j blortgagor will, at the cost o( Mortgagor, and without ex~~ense to Mortgagee, do, execute, acknowledge and deliver :~11 = and every such further acts~ deeds, conveyances, mort~cages, assignmenta, notices o( assignment, transfers and assurances as ' Mortgagee ahall from time to time require in order to ~~re~en~e the priority ot the lien of this 1~1ort~age or to facilitate the ~ pertormance o( the terms hereof_ x - ~ PROVIDED, HOWEVER, that ~f Mortqagor shall ~kry to Mortgagee the indehtedness in the principal sum of i 3~201•~~ aa evidenced by that certain promissory note (the Note?, of even date herewith, executed by ~ Mortgagor and payable to order of Mortgagee, with interest and upc~rr the terms as provided therein, and together with all other sums advanced by Mortgagee to or on behalf ot MgrtRa~oi pursuant to the Note or this Mortgage, lhe final maturity ~ date of the Note and this Mortg:~ge heing ~ February b~ 1~Jtfa , and shall perform :~ll other coven:~nts and conditions of the Note, all of the terms ot which Note are incorporated herein by mterence us though set forth fully here- ~ in, and ot any renewal, e=tension or modification, thereot and of this Mortgage, then this Mortgage and the estate hereby ~ created shall cease and terminnte. Mortgagor further convenants and agrees with Mortgagee as tollows: 1. To pay all sums, including interest secured hereby vvhen due, as provided (or in the Note and any rnnewal, extension ~ or modi(ication thereof and in this MortRage, all such sums to be ~~yable in law(ul money of the United States of Americ:~ ~ at Mortgagee e aforesaid principal otfice, or at such other place as biortgagee may desiRnate in writing. ~ 2. To pay when due, and wilhout requiring any notice (rom 111ortgagee, all ta:es, assesaments ot any ty~~e or rwture ~ ~ • and other chargea levied or aa4esse~ against the Mortgaged Property or this Mortgage and produce receipts thernfor upon ~ demand. To immediately pay and discharge any claim, lien or encumhrance against t6e Mortgaged Property which cnay be ~ or become auperior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge - :~Rainst the Mortgaged Property. ~ 1 ~ 3. I[ required by MortgaRee, to also make monthly deposits with Mortgagee, in a non-interest t?earing account, to- ~ getber with and in addition to interest and principal, ot a sum equal to ane-twel(th o( tt~e yearly tazea and asst.~ssments which ~ rrwy be levied against the Mortgaged Property, and lif so required) one-tweltth of the yearly premiums (or insurance thereon. The amount of such taxes, assessmenta and premiuma, when unknown, shall be estimated by Mortgagee. Such ~ deposita shall be used by MortRagee to pay such taxes, :u~seasments and premiums when due. Any insufticiency ot such ~ . ~ -t- ° 300K JUt) ~ACE 8~ ~ ; ~ a - = ~ ~ : ~ ' ' " . ~ •~.4~>d~ ,r~.. s.f' ~:~.WS ~?e ~ ~ 3 ~ Y' 4a . . . . 4~, ' ,