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MORTGAGE DEED AND SECURITY 7e?E~tL'EMENT ~ • ~ • /
THIS blORTGAGS DEED (the Mortgage), dated as of April 25, • 19 79, by and between
Nilliata N. Nilson, Personal Rsprestantative of the Estate of
rta Ni}tao~, Deceased
(hereinafter ca o agor a gank Of St. Lucie County • having an i
office at Fort Pierce, ,Florida (hereinafter called Mortgagee): #
WITNE33ETH, thst in consideration of the premises and in order to secure the payment of both the principal of, and
interest and any other sums payable on the note (as hereina[ter cktined) or this Mortgage and the performance and ob-
servance of all of the provisions hereof and of said note. Mortgagor hereby grants, sells, warrants, aliens, remises. releases,
conveys. assigns, transfers, mortgagee and sets over and contirau unto Mortgagee, all of Mortgagor
s estate, right, title and
interest in. to and under all that certain real property situate in St_ 2.ur~; a County, Florida more particularly
dexribed as follows: ~
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The Mest 112 feet of the I3ttst 137 feet of the South 135 feet of the ?
SB~t of the ~ of the SBA of Section 18, Township 35 South, Range 40
Bast, St. Lucie County, llorida.
Q ~p
STATE ~ F F' L.. C.~ R ~ ~
. ! Mawb • 0 I In P~ytr,ent Of Blew
~ On Clsss •'C" IntsrrpiDlo Personal Pr
[)OCUMENTAR~',-~ ,-:-~STAMfT'<.: ~ opNly.
aE,•+. c:c aEVE.N JE ~.'%'l ~ ? ~ ~ oursutrwtt To Chapter 71. 134. Acts Ot 1p71.
- eB. ' ~ ~+`r ~'r~~r,~..{~ O B. ~ O I ROGER POITRAS
~ ~z Cts•M Ctrtt8f Cewt, S>~. ltttis, Co., ~N~
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TOGETHER WITH all improvements now or hereafter located on said 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 conneMion with the complete and comfortable use, occulwncy, 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 ~~c~r~-
ties deposited thereunder pursuant to said lenses, and all renL1, issues, proceeds, and profits accruing [rom said real prol,erty
and together with all proceeds of the conversion, voluntary or involuntary o! :cny of the foregoing into cash or liquidated
claims, including without limitation, proceeds of insurance and condemnatioh awards (the foregoing said real property,
tangible and intangible personal property hereinafter referred to as the 11•tortgaged Property). Mortgagor hereby grants
to Mortgagee a security interest in the foregoing desc•rit,ed tangible and intangible personal property.
TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, heredit:,ments :end i
appurtenances thereunto belonging or in anywise al,pertaining and the reversion and reversions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as
well in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenances of Mortgagor in
and to the same, and every part and parcel thereof unto Mortgagee- -
Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the Mortgaged Pmt?crty
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 enforceat?le first mortgage on the Mortgaged Prol,erty subject only to the
exceptions herein provided. Mortgagor has full power 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 will forever warrnnt and defend the validity and priority of the lien hereof against
the claims of all persons and parties whomsoever.
Mortgagor will,rt the cost of Mortgagor, and without exl,ense to Mortgagee, do, execute, acknowledge and deliver all
and every such further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurnnces as
~ Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the-
performance of the terms hereof.
€ PROVIDED, HOWEVER, that if :Mortgagor shall I,:,y to Aortgagee the indebtedness in the principal sum of
f!! = 5, 505.58 ~ evidenced b that rnrtain
y promissory note (the Note1, of even date herewith, executed by
~ Mortgagor and payable to order of Mortgagee, with interest and upon the terms :cs provided therein, and together with all
-other sumo advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this Mortgage, the final maturity
{ date of the Note and this Mortgage being April 26, 1989 ,and shall perform all other rnvenants and
i conditions of the Note, all of the terms of which Note are incortwmted 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.
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Mortgagor further convenants and agrees with Mortgagee as follows:
I. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension
or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of Americ-:,
_ at Morlgtcgee a afoirsaid princ•il,al office, or at 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 any type or nature
and other charges levied or assessed against the 1liortgaged Property or this Mortgage and produce receipts therefor ul,on
demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may t,e
or become superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge
:,gainst the Mortgaged Property.
a 3. If required by bortgagee, to also make monthly deposits with hortgagee, in anon-interest hearing 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 lif so required) one-twelfth of the yearly premiums for insurance
thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such
~ deposits shall be used by Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such
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