HomeMy WebLinkAbout0890 43'~'736
MORTGAGE DEED AND SECURITY AGREEMENT ~
THIS MORTGAGE D1sFn (the Mortguge), cieted iu ot Mareh ~f) ~ ly~ , by und t~etwern
James C. Toler, a married mar? and Anita N. LoPresti, a single woman, each as to an
undivided ~ interest as tenants in common
Ihereinnlter called OfIRN~(O~) Alld S~ Of St. LuCie County , having un
o(ticr nt 111 OZ'dt1g8 Avenue, Fort Pierce . F lorida Iherrinafter callecf MortguReel;
WITNE33ETH, that in considerution of the premises and in orde~ to serure the payment of hoth the princi~~al of, and
intereat and any other suma payable on the note las hereinatter detined) or this Mortgage and the pertormance e~id ob-
servance ot all ot the provisione hereo( and ot said note, Mort6agor heceby sranta, sells, warrante, aliena, remieee, releasea.
conveys, xasigne, lranafers, mortgages and sets over and confinna unto MortgaRee, all of Mortgagora estate, riRht, title and
interect in, to and under all thut certain rnul property aituute in St. LuCie County, F lorida more ~u~rti~•ul.~rly
described as toUows:
Lots 28 and 29, Block 4, TUC1~R TERRACE, Plat Book 4, page 54.
~ T ' . . _ I ~ - . . _
S~ , . . : . - ~ _ ~ ~ D.ee
, ; ~ ~ • :
• R - RECEIYED :~,r„ Ri PAYMEltT OF T~XEt
. _ ~ - • " ~ _ • DUf ON CLASS 'C IIITAVG;BIE P~RSD~i~SI P94?Ek1r,
i. ,
. - ~ . ~ ~j 2. ~ PURSUANT TO (N?PTc."; 7t-'.'4. A'.TS CF 1a71.
. .
"h RJ6FR POITR~
_ . _ - - - t~F1tK hRGRI COwT~ iT. WCIL 1~ ~ d
T(~ETHER WITH .dl impn~~•ements now or hereatter located on s:~id real pro~xrty and all fixtures, appli:?nces,
ap~xiratus, eqcipment, heating and air conditioning equipment, machinery and articies of F~ersona! property .ind replacement
thereot (other than those owned by lessees of said real property) now or hereafter at(ixed to, attached to, placed upon, or
used in any way in connection with the complete and comfortable use, occu~x~ncy, or operation ot said renl pro{>erty. :+II
licenses :ind permits usecl or required in rnnncrtion with the use ot said real property, all leases of said real property now or
hereatter entered into and all right, title and interest ot MortRaRor thereunder, includinR without limilation, cash or sec•uri-
ties deposited thereunder pursu:+nt to said leascs, and .ill rents, is~ues, pra•eeds, and profits accruing trom s:~id real pro~xrty
and logether with ull ptoceeds of the com•ersion, ~•oluntacy or im•olun~~ry o( any of the foregoing into cash or liquidated
claims, including without limitation, proeeeds of insurance and c-ondemnntion awards (the foregoinR said real proEmrty.
tangible and intangible personal ~~roE~erty hereinaRer re(erred to as the A1ortgaRed Yro{~ertyl. A'IorlRaRor hereby Rrant.
to Mortgagee a security interest in the (oregoinR deseribed tangible and intangible ~~ersonal pruperty.
TO HAVE AND TO HOLD fhe Morlgaged Pro~~erty, t~~ether with al) .~nd sinRul~r the tenements, hereditam~•nfs :~nd
:i~~purtenances thernunto belonginQ or in anywise ap~~ertaininR and the re~•er.aion and re~~ersions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoe~-er,
~ well in law as in equity, of MortRaRor and unto the s.~me. and every {~:~H thpreot, with fhe .~ppurten:~nce~ of MortRaRor in
! :~nd to the s~me, and every ~~.~rt and ~~arcel thereo( unto Mort~:~Ree.
E
` 141ortgagor w:~rrants that it has a go~x! and marketable title to an indrfeasihle tet• est:~te in the :~tortKak~~c1 Pm~~~rt>•
subject to no lien, ~•harge or encumbr~nce except su~•h as Mort};agEx~ has agreed fa a~•cept in writing :~nd 1~1~?rtka~or ~•o~~enants
~ that this N1ortgage is and w•ill remain a valid and ~nlon•e•able (int mortR:iqe on the MortRaRed Pro~,erty subjei•t only to the
~ e:ceptions herein provided. Mort~aRor has full E~vver and I.~wf~l aufhority to mort~aQe the 11TortgaRrd Pro~~erty in th~
~ manner and torm herein done or intended hereafter to he done. blort~agor will preserve such title and will torever w•arrant
~ and de(end the same to MortRaRee and wiU tore~•er warr.~nt and defend the validity and priority o( the lien hereo( :~Kainst -
s the i•laims of all ~~ersons .ind {~rties w•homsoe~~er.
~ Mortgugor will, at the cost of 111ortgaqor, and without ex~~ense to MoHq.~gc~e, do, exrcute, acknowledge and deliver :ill
; and e~•ery such turther acts, det~cls, conveyances. mort~aRes, assiKnments, notices of assiRnment, trnnsters and as.gur.~nces as -
~ AlortgaRee shall from time to time rf~uire in order to pn~erve the priority of the lien ot this 1ltortQaRe or to (:~cilitate the
~ ~~er(ormance of the terms hereof.
~ PROVIDED, HOWF,VER, that if A1orlKaRor sh.ill pay b:~lortkaKe~c~ the indPhtedne~~ in the prin~ipal sum o(
s 35,O~n_n0 as evidenced 1?y that cert~in promissory note (the Note1, of e~~en dat~ herewith, exe~~uted hy
~ :1lortgagor and {wyable to order of A4ortKaKe~, K•ith intere~t :ind u~x~n the terms :~s pro~•ided therein, and to~ether v~•ith all
~ other sums advanced by MortgaRee to or on hehalf o( Mort~.iQor punu:int fo the iV'ote or this A1ortR:~Re, the finai m:~turit~~
~
~ date ot the Note and this Mort~a~e being ~~11 1, 198Q , and shall per(orm all other ~•m•enants :jnd
~ conditions of the Note, all ot the terms ot whirh Note :~re incor~wrated herein by rnference as thou~h set forth (ully here-
~ in. and of :~ny renewal, extension or moclifir.~tion, th~rc~nf and of thix ;~1ortKaRe, then this AlortRage .ind the estate herehy
~•mated shall cease and terminate.
~
~ hlortRaRor further com~enants and :~grees Nith Mori~aRc•e as followg:
~
a l. To ~:;y all sums, includinR interest se~vred hereby when due. :is provided tor in the Note and anV renFHal, extensiun
- or modification thereof and in this MortKage, al) such sums to t?e payable in lawful money of the (Jnitc~l Stat~~s of Amerir:~
; :~t Mortgagee's aforesaid princi~wt offi~-e, or at su~•h other pla~e as ;11oriRaKtr m:~y desiRn:~te in w•rifinR.
~ 2. To pay when due, and without requiring any notice (rom 1~lortgagee, all taxes, assessments o( any ly~~e or nature
and other charges levied or as.sessed ug.~inst the blortgaged Pro~icrty or this ~lortgage and produce receipts therefor u~ion
demand. To immediately pay and discharge any claim, lien or encumbrance against the ~tortgaged Yro~~eriy w~hich may tx
or hei•ome superior to this MortgaRe and to F~ermit no de(ault or delinquency on any other lien, encumbran~•e or charRe
< aRainst the 1~tortRaged Pro~x rty.
:s
~
- 3. It required by ~fortQuRer, to :ilso m:~ke monthly de~~osits with 1~1ortRagee, in a non-interest bearing account, to-
~ gether with and in addition to intrrest and pnncipal, o( a sum equal to one-tweltth of the yearly t:~xes and assessments which
may t?e levied against the Alortgaged Property, and lit so required) one-tw•elfth of the yearly prem~ums for insurance
thereon. The amount ot such laxrs, ass~ssmrnts and premiums, when unknown, ahall be estimated by MortKaRee. Such
~ deEwsita shall i~e used by ~tortRaRee to pay such taxes. asses~ments and premiums when due. Any insu((iciency of such
~
~ ~
30&r ~Ut~ ''AC~ VUV
~
~ ~