HomeMy WebLinkAbout0079 ' ~~3'71y5 ,
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MORTGAGE DEED AND SECURITY AGREEMENT
THIS I~10R1'GAG~ D1:ED (the Mortgage), d:itrd us ot ~rch 13 , 19 79 , by and Ix~twern
T. Wayne Skinner, as Trustee
Iheminntter cnlled Mertg,~Rar1 and S111~ Bank of St. Lucie COllnty •~~~1OR
otfice a~l 111 Ordnq@ Avenue, Fort Pierce . F lurida~ 1 hamina(ter cuUcY1 MortKuQc~
WITNESS~.'TH, that in conaiders~tiun ot the Eurmise$ and in order to secure the ~x+yment o( both the princi{?al of, and
interest and any other sums payable on the note las hrrninatter detined) o~ this Mortgage pnd ihe pertormance and ob-
servance ot all of the proviaions hereot and ot aaid note, Mortgngor hereby grants, sella, warrants, aliens, remises, mleuxes.
con~•eya, aseigna, tranaten, mortgagea and sets over nnd contirms unto Mortgagee, nU of Mortgugor'a eslate, riRht, title :ind
y~terest in, /o and under all thal ce~tuin real pro~~erty situute in St. LUCl@ Coun , F lorida more ~~:~rtirularly
~`o'f' described as follows: ' ,1~-1 ~ C~: . • ; ~ . . Re:.eived ! t' ~ In P~ymsM Of Te~te!
_ •
~ . : . ~ • ~ • . , Oue On Clas^ ..C.. IntanQibls Personal Props~ty.
~~C ~ - - , ~ _ ` - - - Pur5uAn1 TO Chepter 71. 134. Acts Of /871.
_ . v. ~ J. ROGER POITRAS ~-dC.~
C.~e•~ C~rcuit Cour4 St. lucie. Co.. Fia.
Lots 3 and 4, and 27, Block 5, TUCKER TERRACE, according to the Plat
thereof as recorded in Plat Book 4, page 54, of the public records of
St. Lucie County, Florida.
The above-described real property has not been in the past and is not
anticipated to be in the future the homestead of the Grantor.
T(X;ETHER WITH all impro~ements now• or hrreafler Icx•ated on s:iid rral pro~x:rty and all tixtures, appliam•r.,
ap~x~ratus, eyuipment, heating and air conditioninR equipment, machinery and :~rticles ot personal pro~rty and replacement
thereof (other than those owned by lessees of said real pro~~erty) now or herna(ler affixed to, :dtci~•hecl to, pla~•c•d u~x~n, or
used in siny way in connection with the complele and comfortahle use, occupam•y, or o~>eration ot said real pro~~eHy, :~II
licenses .~nd ~~ern~its used or requirecl in connec•tion with the use of s:ud mal pro~~erty, ~I) leases of s:iid nal pro~~erty now• or
herra(ter entered into and all right, title .ind intrrest of Mort~aRor themunder, ira•IudioR w•ithout limitation, cash or securi
ties deposited thereunder pursuant to ~id lcases, :ind ull rents, is+ues, pro~recls, and profits acrruing Irom said re:~l pro{x•rty
and together with all proceetis of the ~•oo~•ersiun, ~~olunt.~ry or in~~oluntary of :~ny ot the toregoinR into c.ish or liyuidatc~l
~~laims, including without limitatiun, proceeds o( insur;~nre and condemnation aw•ards (the tomgoinR said rev~l pro~~erty,
tangib)e and entanRible ~~ersonal proprrty heminaR~•r mferred fo as the AtortR.~Red Property). A4ortKaQor herc•by ~r.~nts
to Alortgagee z~ sec•urity interest in the fon•RoinR dt•scrilxYl tanKible and ~ntan~iblr ~x~n~~n:il pro~~erty.
'I'n HAVE AND TO HOI.D the l~lortRaRed Yro~x~r!y, t~g;~•ther w•ith all :~nd SinRular th~• tenemeMs, herMlilaim•nts :ind
appurtenances themunto be1~,nRinQ or in an~wtise :~p~~ert:~ininQ :~nd the reversion and reversions thereof .~nd all the estatr.
riRht, title, interest, homestead, dov~•er and riRht o( dower, sc•par.?te estaie, {~ossc~ssion, claim and demand whatsoe~er. a~
well in I7N' iig in equity, of 1lortgaQor and unto the s:ime, and c~~erv part therc~f, with the appurtenan~es of MurtRaRnr in
and to the s:ime, and e~~ery p:irt and pan•el thrreof unto Morty;:iRee-
\1ortRaRor warranis that it h:~s g<xx1 :~nd marketahlt~ titlt~ tn :in indt~fc~:~~ihle t~statt• ~n the \1urt~:~K~y1 }'ro~H•rt}•
.ubjert to no lien, ~•h:irQe or encumbr.~nce exce, t sui•h as :11~rt~;;~~ri~ h:~s a~;nti•d tu :~~•cept in writ~nK and 111ortRaKor ~•o•:rnant.
~ that this 111ortQ:~Qe is and will mmain ~~alid :ind enf<~r~•eahle (int m~~rt~;aRE~ on the ~torlQ:iRrd Pro~?erh~ suhject unlv to the
~ ex~•eptions herein provided. 111ort~aqor has ~UII ~NIK'f•r :~nd law(~I authority to mortQage the ~tort~aRed Pro~~c•rty in th~~
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; m:~nner :~nd furm herein done or intended hereatter to 1?e done: ~1ortR.~Ror w~ll prese~•e such title and w~i11 (ore~•er warr.~nt
~ and defend the s:+me to MortAaRee and w~ill fom~•er w•:~rrnnt :~nd defc•nd the v:il~dity :~nd priority o( ihe lien hPrcY?f :~K:~inst
- ~IIP Cl:iims of all ~~rrsons :ind parties w•homs~xr~~er. ~
L1ortRagor will, at the cosf ot 111ort~;aKor, and w•ithout ex~x~nse to ltort~:~Ree, do, exe~•ute, arknow~leciQe and deli~~er all
and r~~ery such (urther acts, deeds, com•eyances, mortK:~Rrs, assiKnments, noticc~ of assiRnment, tr.~nsfers :~nd :~caur.ia~•es as
' \tortKaRee shall tmm time tn timr mquire in order tu ~ire~nc~ the priority nt th~ lien nf this 1~iortRaRe or to fa~•il~t:~te the
~~er(ormance o( the terms hereof.
~ YROVIDED, HO~S'F.VER, thal i( :~tort ~Kor sh:~ll to ~1ort~:~~;t~c~ th~• indehtc~dnc~,c in the ~rinci >+I sum ~,f
s K~ 1~.' 1 1~
a etn,nn~_nn as e~•ideni•c~1 by that certain pn~miss~rr nofe Ith~ IVotc•~. ~f ev~>n dati• f1PfPK'I~FI, PXP/'U~f•d hy
~ ~tortKaR~~r :~nd p:iyahle to c~rder of 111ortg:iKre. ~•ith intf~n•st :ind u{x~n the terms a~ pr~ivided therein, and t~~Qether v~ith :ill
a
3 other sums :idvan~~ecl by Mort~;aQ~•e to or ~zn t~c~hali of MortRaKor punuant tu the Note ~~r this vlortR:~~;~, the tinal m:iturity
~ ~1ate of the Note and this ~fortR;~~e Fx~inK March 1~ 1989 ,;~nd ~hall ~x~r(orm all other ~~o~~en:~nts an.d
~ ~•onditions of the :~'ote, all of the tcrms of ahi~-h Not~ are ~m•or~x~r.~fc~cl ht~rf~in hy reference as thou~;h set forth fully herF-
? in, and of any rcnew~al, eztentiion ur n~~~lifi~:~ti~~n, Ih~•m~~t and ~~f this ~iort~;aKe, th~•n th~s ~1ortR:~Kc~ :ind th~~ estate hc•rehy
~ rmat~d shall ~•easF :~nd terminatr. '
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~1ort~;:~Kor (urthrr com~enants and aKree~ with A1ort~;aKee :~s (ulluw~c:
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~ 1. To pc~y all sums, in~•ludinR interrst secured herrby when due, as {~ro~~~ded (or in the tiote :ind .iny renr«al, extrnsion
~~r mocli(ication thereof :~nd in this :~turtQ:~Ke, all such suu~s tu Fx p:~yabl~• in I:~w•tu) moni~y of the l?nit~~l St;iff~s of Amt~n~•:i
:~t 11ortRa~c~e's afores:~id prin~•ipal cif(tre, or at tiu~•h other pl.ice as ~iortK:~K~r m:~>• detiiRn:~le in w•ritinR.
2. 'Co pay when due, and w•ithout requirinR :~ny notii•e !mm ~lortgaKce, all taxes, assessmenls ot anp typr or natum
? and other ch:~r~es le~iecl ur a~ces.vtrcl :iK:unst the At~~rtqaged Yro~xrty or this ~1ort~age and produce receipts lhere(or upon
dt•m.ind. To immediately pay and discharQe any rlaim, lien or encumbran~•e against the \iortg.?ged Yro~~erty w~hi~~h may IK•
or I~e~•ome sui~erior to this ~t~rtRaKe and to ~?erm~t no de(ault or delinyuf•n~•y on any other lien, enr•umhran~•e or ch:~rRr I
:~~:.~inst the ?~1~rtFaRrKI Yro~k-rt}~. . ~
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- 3. It reqwrrd by ;~tortKaKcK~_ to alw? muke munlhly deEx~sits with ltorigaKee, in :i non-interest tx•:~rinK account, to- '
? ~:ether with and ~n add~tion to intrrest and prin~•ipal, ul a sum eyu.il to une-twel(th of the yearly taxes and assessments v~•h~~•h
; may t~e le~•ied ag:iinst the 111ortgaged Yro{~erty, und liI ~ reyuired?. one-twel(th u( the yearly premiums for insur:~nce i
- thereon. The amuunt of such taxes. :~x+es~mrnts :ind premiums, when unknown, sh:ill t~e c-stimated by hiort~;~iRc~. Su~~h ~
F de~H,s~ts shall he used by MortKa~ee to ir.iy surh laxES. :~su~s,ments and ~irem~ums when due. Any insut(iciency o( such
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