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. MORTGAGE DEED AND SECURITY AGREEME~IT
THIS 11lORTGAGE DE~D (the Mortgi+ge), datr.d us o( Fsahr~~ar~ 21 , ~y Zq , by and t~etwern
Robert H. Ashby, also known as Robert Hawley Ashby, and Sharon P. Ashby, his wife
(hereinnlter cAlled Morigxgori +~nd SuI? Bdilk Of St. LL1C1@ COUllty , h~ving un
ot(ice at 111 Orange Avenue, Fort Pieree , Floricl:i Ihemins~fter ~•ulled 1?lortga~ger):
WITNES3ETH, that in coosiderution ot the premises and in orde~ to eecure the Ex~ymenl of twth the principal ot, nnd
inte~est and any other auma payable on the no/e (aa herninntter detioed? o~ this Mortgege and the pertormance t~nd ot?-
aen•ance ot all o[ the provisions hereot and ot said note, Mortgagor hereby ~rants, sella, warrants, nliens, remiaee, releuars,
com•eys, uqigns, trnnstere, mortgages and sets over and contirms unto Mortgagee, All ot Mortgagor's eatnte, riRhl, title :~nd
interest io, to and under all that certxin real pro{~erty situute in $,r Liu'ie County, Florida mure {wrticulurlv
deacribed as followa:
Lots 17 and 18 SORORA SUBDIVISION as per plat thereof on file in Plat Book 10,
page 41, Public Records of St. Lucie County, Florida.
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' Due On Ct~~s ••C• ~nyr~pl~
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~ ' . - ; , . . ~ ' , Pursuant To Chapt~r 71. 134, Acts Of 1571. •
~ - _ ~ . ~ _ _ , ~ ~ ~ _ 1 Z ~ ROGER P0ITAAS ~
- _ _ ~J. •3 0 ! Clult Circuh Court„ S~ lu~ie. Co.. .Ft~. ~
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'I'(X;ETNER W17'H all improvements nuH- or hrre:~fter I~x•att~t on s:~id m.il pro~x~rty und aU (ixtures, appii:~n~•~•~.
~Plrir.~tus, equipment, heating nnd air conditioning equipment, machinery and articles ot {xrs~nal pro~x~rly and n~placement
thereof (other than those owner! by lessees of sa~id real pro~,prty) now or here:~(te~ a(fixed to, att:uhcd to, pl:~cc~cl u~x~n, or
usc~d in any way in connection with the com~~lete and com(ortable use, occo{~:~ncy, or o{~eration o( said real pto~?erty, all
licenses and permits used or mquimd in rnnnection M•ith the use o( s:~id re:~l {~ro~~erty, all leases of s:~id m.~l proEx~rty no~+• or
hematter entered into and atl right, tiUe and interest of Mortgagor themunder, includinR without limit~~tion, cash or se~•uri-
ties deposiled thereunder punuaM to said leasrs, and all renfs, issuc~, prrx~~xls, and protits accruing trom s:~id re:~l pro~xrty
and together with all ptoceeds of the com~ersion, ~~oluntary or im-oluntary ot any ot the foregoinR intu c.~sh or liquidatecl
claims, including without limitution, proceeds o( insuran~•e :~nd condemnation aw•ards (the foreRoing s:~id mal pro{x:rty.
tangible and inlangihle ~xroon.il pro~~erty herein:+fter referrecl to .is the \fortgaged Yro~~ertyl. 111ortK:~Ror herF~by Krant.
fo Aiortgagee a security interest i~ the toreKuinR deci•ritxxl tan~;ihle :ind intan~ihle ~?rrsonal prc~Ex~rty.
TO HAVE AI`D 'I'n HOI.D the MortR:~Ked Ym~~erty, t~*ether with :~11 :~nd sinQular tht~ tene~nx•nt~. herf~iitam~•nt~ and .
:ippurtenances thereunto FwlonRinK or in anywi~e ap~x•rt:~ininR and the reversion and re~•ersions thereot and :ill the estate,
riRht, title, interest, homestead, dow•er and riRht ot dowe~, ~p.~nte estate. ~~osse~sion, claim and demand w•hatsoc~~er. :i~
well in law as in equity, of [11ortRaRor and unto the s:~me, :~nd e~•ery part fhert~t_ w•ith the :q~purienam•es ol A1ortRaRnr in
i a~nd to the same, and every part a~d ~k~r.-el thercwf unto MortKaRee.
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j 41ortR.+Ror warr.ints that it has good .~nd marketahle tiUe to :~n indt•(e•:i~ihl~~ f~ti• i•st:~t~• ~n tht~ ~1urtK:+k~K1 Pn~~H•rt>~
i Rubjei•t to no I:en, ~•harKe or encumbr.~n~•e except such .is ~11ort~;.~gE~c~ has :~KnY~I tu ai•cept in w•ritinR and :~1ortRaJ;ur ~~utienant;
{ that this 111ortRage is and v?•ill rc•m:~in a~-alid and entor.•e.~ble first mnrt~;:~Ke~ on the ~1ortKaKed Ym~~erty wbject onh• to ih~
i exception~ herein provided. MortRaqor has full ~~ower and I.~wtul authonty tu mortRa~e the Mortg:~Red Yro~?erh• in th~~
~ manner :~nd iorm hernin done or intendecl hereafter to tre done. MoriR:~~or will presen~e such tiUe and will /ornver warrant
i :ind de(end the s:~me to A1ortRaRee and will (orever warrant and deFpnd the ~•afidity :~nd priority ot the lirn hc~rt~( aKainsf
P the ~•laims of all ~~ersims .~nd particw whomsoe~•rr. ~ ~
~ D1ortRaRnr will, at the ~ost o! 1lfortgagor, and w~ithout ex~~ense to I~torlR:iRee, do, execute, a~•knoNiedRe :+nd deli~-e~r all
~ and e~~ery such (urther acts, deeds, ~onveyances, mori~aRes. sissiKnments, nofict~ ot a~siQnment, tran~(ers and a~.yunni•c~ :+s
~ Mort~:~RPe shall from time to time r~uire in ord~r t~~ prc~sen•e the priorit~ of thP lien ~t this 111ortR:~ge nr to facilit:itt• th~~
~ ~x•r(ormance of the terms hereof. ~
YROVIDF.D, HO~ti'EVER, th:~t if \tortRaFor shall p:~t• tu \lortk:~~c~e• the• indehteclnc~~ti in th~ prin~•ipal ~um of
~ 17~000.00 ~s e~•idenced by that certain prumiw~ory note Ithe ;\otc•1, of evtm dat~• herewith, exe~•uted In~
liortRagor and pay:?ble to order of MortKaRee, with int~re•st and upon the terms ;~c pm~~idcKl themin, and toRether ~.ith all
~ other sums :~d~~anced by 1~1ortKtiRe~ to or un beh:~l( o( MortR:i~or pur,u:~nt lo the tiote or this Mort~:i~t~, th~ tin:~l m:?turit~~
~ dat~ of the Note and this ~torlKaKe tx~inR ~Z'Ch 1, 1989 , and shall ~~er(orm :dl ~~th~•r ~~o~~enantc and
~ c•onditions of the Note, all of the terms of whi~•h Nute are in~•orEr~r.~ted hen•in hy m(eren~e :~s thouRh set forth tully herc•-
~ in, and nf any renew•al, extensiun or m~xlifi~ati~~n, thc•r~~r~( :~nd of this ~tortK:~Re, th~n this 11urtR:iRe and the estatc• h~rt~h}•
~ ~~rPat~d sh:~l1 cease :~nd termin:~te.
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~ :~1ortR~Ror furiher com•enantc an~1 :~Rrecw w~ith Mort~:~Rec~ (~Ito~+•~~
~ 1. To pa_y all sums, includinR intrrrst se~vred hereby whr~ dw, as pro~•idecl for in the• Note and any renev~al, extension
~ ur m~xli(ic:~tion thereof and in this ;~1ortR:~RP. atl such sums to !~e p:~y:~hlr in law~(iil m~~ney of the L'nite~i Statt•s Amc~ric:i
- at A-lurtg.~Ree's .ifores:iid princ•i~?:~I ~,(fi~•e. or at su~•h other plac-e a~ ;~1~~r1Ra~;Er m:~~• d~~siQn:~te in writ~n~-
? 2 To p.~y when due, and without reK~uinnQ :iny notii•e trom 11ortR:~gee, all taxes, assessments o( any ty~~e or n:~tur~• ~
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~ and other ch:uqes le~•ied or a~~es.~c~d against the Alortgaged 1'ro~~erty or this MortR:~ge and produce receiE~ts theretor upun
d~•m:ind. To immediately pay and discharge any claim, lien or encumbrance :iRainst the lfortgaged Pro~~rty whi~•h may lx~
or 1~~•ome su~~erior to this AtortRaRe ar~d to ~?ermit no de(:~ult or delinquen~•y on any other lien, encumbran~•c• or c•h:ir~e
:~~;:~invt tht~ :11ort~ag~l Pro~~erty.
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' 3. I( reyu~rrd by MortKaQa~r, to ulsu make monthly deyws~ls ~+ith \tortRaRee, in a non-interc~st I~eanng a~•count, lo-
- gether with and in addition to ~nterest and pnnci~wl. of sum eyual to one-twel(th of the yearly taxes and assessmenLs ahich
~ may I~e le~~ied against the 119ortg.~ged Ym~~erty, and li( i;u reyuiredl nne-tweltth of the yearly premiums for inswance
; therrun. The amount ot sui•h taxrs, a~sse:csments and premiuma. when unknow n, ahall be estimated by A1ort~:iRee. Such
~ de~wsits shall i~e use~l by ~1~~rtKaRee to p:iy vu~~h taxes. :~s.~~x~ment~ and premiums when due. Any insu(ti~•iency nt such
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~ 90~!? JV~ ~A~E 7llY
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