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Home My WebLink About2513 ~ MORTGAGE DEED- AND SECURITY AGREEMENT ~ • . sl ~ ~ 3 March 21 79 . r,. L THIS MORTGAGE DEED (the Mortgage), dated us o[ , 19 - , by :and between Nathaniel Johnson (hereinafter called Mortgagor) and $un BSAk Of St. Lucie County ,having an office at 111 Orange Ave. , Ft. Pierce ,Florida (hereinaft4r called Mortgagee): WITNE93ETH, that in consideration of the premises and in order to secure the payment of both the princilx+l of, and interest and any other sums payable on the note (as hereinafter defined) or this Mortgage and the performance and ob- servance of all of the provisions hereof and o[ said note, Mortgagor hereby grnnts, sells, warrants, aliens, remises, releases, conveys, assigns, transfers, mortgagee and sets over and confirms unto Mortgagee, all o[ Mortgagor's estate, right, title and interest in, to and under all that certain real prolerty aituatein St. Lucie County, Florida more particularly described as follows: Lot 9, Block 8, SUNRISE PARK, according to the plat thereof on file in Plat Book 8, Page 42, Public Records of St. Lucie County, Florida. R o~ . f~0 Received ~ J' In Paytrrtertt Of Taxes ~i ~ Due On Class "C" IntargiWa Personal Propsrry, . . - _ Purguant TO Chapter 71, 134, AL'ti Of 1>a71. - - ~ ~ _ a Z. ~ ~ • i ROGER POITRAS ~~2 - Cterf, Circuit Court, SL luau. Co., Fls. TOGETHER WITH all improvements now or hereafter located on s:+id real property and all (fixtures, appliances, apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, placed upon, or used in any way in connection with the complete and comfortable use, occupancy, or operation of said real property, :+11 licenses and permits used or required in connection with the use of said real property, all leases of said real property now or hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing from said real property and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property, tangible and intangible personal property hereinafter referred to as the Mortgaged Property). Mortgagor hereby gr.+nts to Mortgagee a security interest in the foregoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, herrditaments and appurtenances thereunto belonging or in anywise ap{remaining 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 dem:+nd wh:+tsoever, :+s well in law as in equity, of Mortgagor and unto the s:+me, and every part thereof, with the appurtenances of 11~tortgagor in and to the same, and every p:+rt and f><•+rce) thereof unto 11lortgagee. - I Mortgagor warrants that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Yrofrerty subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants that this Mortgage is and will remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the exceptions herein provided. Mortgagor has full Iww•er and lawful authority to mortgage the Mortgaged Property in the manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant and defend the same to Mortgagee and wilt forever warrant and defend the validity and priority of the lien hereof against P the claims of all persons and parties whomsoever. i Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deliver all and every such further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee shall from time to time require in order to presen•e the priority of the lien of this Mortgage or to facilitate the x performance of the terms hereof. PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the princi{cal sum of ~ 1,575.08 as evidenced by that certain promissory note (the Note), of even date herewith, executed by hortgagor and p:+yable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all t' other sums advanced by 11lortgagee to or on bel+:+If of Mortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage t?eing March 21, 1`J82 ,and shall f>ertorm all other covenants and ~ conditions of the Note, all of the terms of which Note are incortwr+ted herein by reference as though set forth fully here- in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. Mortgagor further convenants and agrees with Mortgagee as follows: 1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension ,~i or modification thereof and in this Momg:+ge, all such sums to be payat~le in lawful money of the United St:+tes of Americ:+ at Aortgagee a afores+id principal office, or at such other place as Alortgagee may designate in writing. 2. To pay when due, and without requiring any notice from Mortgagee, all taxes, assessments of any type or nature and other charges levied or assessed against the btortgaged Property or this Mortgage and produce receipts therefor upon demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be ,y or t?ecome superior to this Mortgage and to hermit no default or delinquency on any other lien, encumbrance or charge against the Mortgaged Property. 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- gether with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which may be levied against the Mortgaged Property, and (if so required] one-twelfth of the yearly premiums for insur:+nce thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such defwsits shalt be used by Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such 1 • p ~r~5 -A~•~z~os sc+cr