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MORTGAGE DEED AND SECURITY AGREEMENT
THiS b (i'fGAGE DEl' D 1th ~yort age daft>d as f 9 ~ , by and Ixtwcen
Bett N. Moore Joseph w.~tates~, ~>r., sara~ ~ an ates cheson, Ernest Clayton Yates,
and•~un Bank o~ St. Lucie County, formerly St. Lucie County Bank and Joseph W. Yates, Jr.,
~erC~i~a~t~~N6?~gatt~ ~seph W. Yates Testamentary Trust , ht;ving :rn
S~j~l BANK OF ST. LUCIE COUNTY
o tee at 111 Orange Avenue, Fart Pierce, .Florida Therein:+fter c:+llec) 14fortg:+gee1:
W1TNE39ETH, that in consideration of the premises and in order to secure the fx+y+nent of both the princifu+l of, and
interest and any other sumo payable on the note (++s hereinafter defined) or this Mortgage and the performance and ot,-
• aervance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, ren+isea, rele:~ses,
conveys, assigns, transfers, mortgages and seta over and confirms unto Mort~ngee, all of Mortgagor's estate, right, title and
interest in. to and under all that certain real profxrty situate in St. Lucie ('ounty, Florid;+ more fu+rticularly
described as follows:
Lot 16 and Lot 17 of Block 14 of PINEWOOD SUBDIVISION as per
plat thereof on file in Plat Book 5 at page 24 of the Public
Records of St. Lucie County, Florida.
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Yment Ot Taxsa
Oue On Ctas~ "C'• Intangible Personal Prooetty,
~u•suanl To Chapter 71, 134, Acts Ot 1971.
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_ ROGER POITRAS g~~
. J ~ r Cterr, Circuit Court, St. Lucie. Co.. Fla.
'TOGETHER ~YITH all imprnvements oow• or hereafter Icx•ated un said real profx•rh• and all fixtures, appliance.,
apparatus, equipment, heating and air conditioning equipment, machinery and articles of fxrsonal profxrty and replacement
thereof (other than those owned by lessees of said real profxrty) now or hereafter affixed to, attached to, placed uf+on, or
used in any way in cronnection with the complete and comfortable use, occupancy, or ofxration of said real profxrty all
licenses and permits used or required in connection with the use of s:+id real profxrty, all leases of said real property now or
hereafter entered into and all right, title and interest of Alortgagor thereunder, including without limitation, e•ash or securi-
ties defxsited thereunder pursuant to s:+id leases, and all rents, issues, proceeds. and profits accnring (mm s:+id real prufx rty
and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liyuidatect
claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said rr:+l profxrty,
tangible and intangible fxrsonal profxrty hereinafter relerred to as the Mortgaged Profxrty). Mortgagor hereM• grant,
to :1ortgagee a sec•urily interest in the foregoing dcsc•rilx•c1 tangible and intangible fxrsonal profxrty.
TO HAVE AND TO HOLD the Mortgaged Pmfx rty, trgether with all and singular thc• tenements, hendihunents and
appurtenances thereunto Ix•longing or in anywise apfxrtaining and the reversion and reversions thereof and all the estate.
right, title, interest, homestead, dower and right of dower, separ.+te estate, possession, claim and demand whats+xcer, as
well in law as in equity, of ?•lortgagor and unto the s:+me• and every part thereof, with the appurtenances of Mortgagor in
and to the s:+me, and every f>.•+rt and p:+rc•el thereof unto Mortgagee.
:4lortgagor warrnts that it has a gcxxl and marketable title to an indefeasible fee estate in thc• ~lurtg:+gcvt Prufx•rt}•
suhjec•t to no lien, charge qr encurnbr.+nce except such as Mortgagee has agreed to accept in Writing :end ~lortgag„r cotenants
that this Mortgage is and will remain a valid and enfon•eahle first mortgage nn the Mortg:+gcd Pmfxrh• subject onl}• to the
~ exceptionq herein provided. 1lfortgagor has full fx,wer and lawful authority to mortgage the Mortgaged Profx>rty in the
j nu+nner and form heroin done or intended hereafter to be done. Alortgagor will preserve such title and will forever warr.+nt
j and defend the same to [4ortgagee and will forever warrant :end defend the validity and priority of the lien hereof against
the claims of all fxrsons and fk+rties whomscxver.
! Mortgagor will, at the cost of Mortgagor, and without exfxnse to Aortgagee, do, execute, :u•knowlcdge and deliver all
~ and every such further acts, deeds, com•eyances, mortgages, assignments, noti+•e-•; of assignment, transfers and assur:+nc•es a
i Mortgagee shall from time to time require in order to pn>sen•e the priority of the lien of this Mortgage or to Lu•ilitate the
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fxrformance of the terms hereof.
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PROVIDF.n, HOWEVER, that it Mortgagor shall pay to Mortgage+• th+• indc>hte~ciness in the principal sum of
S 25, Sl1n_ l)O as evidenced by that certain promissory note (the Notel, of even date here~tiith, executed by
;1ortgagor and payable to order of Mortgagee, with interest and ufx,n the terms as provided therein, and together with all
other sums advancc>d by Mortgagea• to or on behalf of Mortgagor pursuant fn the ;\ote or this :~lortg:+ge. the final maturity
date of the Note and this :Mortgage tx>ing March 1, 1989 , :+nd shall perform all other covenants :rod
conditions of the Note, all of the terms of which Note are incorfwrated herein by reference as though set forth fully here-
in, and of any renewal, extension nr mcxlification thereof :end of this Mortgage, then this Mortgage :end the estate hcn•hy t
err>ated shall cease and terminate.
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e Mortgagor further com•enants and agrees with Mortgagee as follows:
1. To pay all sums, including interest secured hereby when due, as provided (or in thc• Note and any renewal, extension •
.,r mcx(ilic:+tion thereof and in this ;1lortgage, all such sums to Ix' payable in lawful money of the Unit+•d Mate>s of America
at Morlgagee•s atores:rid principal o((ire, or of such other place as Mortgagee may designate in writing.
2. To pay when due, and without requiring any notice from Mortgagee, all taxes, assessments of airy tyfx or nature
and other charges levied or assessed against the Mortgaged Yrofxrty or this lfortgage and pnx(uce receipts therefor upon
demand. To immediately pay and discharge any claim, lien or encumbrance against the l\torigaged Property which may Ix•
or tx>come sufxrior to this Mortgage and to fxrrnit no default or delinquency on am• other lien, enrumbr.+nce or charge
against the I1lortgaged Profx•rty.
- 3. If required by ;1lurtgage+•, to also rnake monthly dcfrosits with ;1lortgagec>, in a non-interest fx•:uing account, to-
gether with and in addition to intrust and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which
may fx> levied against the 1lortg:+ged Profxrty, and lit so reyuiredl one-tw•elith of the yearly premiums (or insurance
thereon. The amount of such taxes, assessments :urd premiums, when unknown, shall tx estimated by lortgagee. Such
deposits shall he used by Mortgagee to pay such taxes, :+sscssments and premiums ~•hen due. Any insu(ficiencv of such
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