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Home My WebLink About2648 MORTGAGE DEED AND SECURITY AGREEMENT TH13 MORTGAGE DEED (the Mortgage), dated as of April 2'Z ~ 1979 , by and t,etween JACOHSON-REA, INC., a Florida corporation Ihereinatter called Mortgagor) and SUN BANK OF ST. LUCIE COUNTY ,having:tn office at 111 Orange Avenue, Fort Pierce, ,Florida (hereinafter called Mortgagee): WITNE33ETH, that in consideration of the premises and in order to secure the payment of both the principal ot, 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 of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases, conveys, assigns, transfers, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, right, title and interest in, to and under all that certain real property situate in St. Lucie County, Florida more particularly described as follows: ~ The South 200 feet of the East 312.5 feet of Lot 1, tti ~ Industrial Subdivision, as per plat thereof recorded _ f in Plat Book 9 at Page 5, Public Records of St. Lucie County, Florida. ._:.a~ - ~ ; ' - Received S In Para~rnt OI Taxes • Dut~ n Ctess "C" Interp~le Personal Property. ~ Pursuant To Chapter 71,13. Acts Ot 1971. ~ ~ ROGER POiTRA3 ryt c ` Clerk Circuit Court, $t. Ludy. C0., FN. TOGETHER WITH all improvements now or hereafter located on s:,id real property and all fixtures, applian,rs, 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 pro)erty) now or hereafter affixed to, attached to, placed upon, or used in any way in connection with the complete and comfortable use, occu)~ancy, or operation of said real property, :dl limnses 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 delwsited 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 liyuidated claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property, Tangible and intangible pefsonal property hereinafter referred to as the Mortgaged Property)- Mortq:,gor hereby grants to Mortgagee a security interest in the foregoing described tangible and intangible I,ersonal properly. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise ap),ertaininq 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 tu,rcel thereof unto 1ltortgagee. Mortgagor warrants that it has a good and marketable title to an indefeasible ter estate in the MortgageYl Property subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and 114ortgagor covenants that this Mortgage is and will remain a valid and entori•eable first mortgage on the Aortgaged Property subject only b 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 he done. Mortgagor will preserve such title and will forever warrnnt :,nd defend the same to Mortgagee and will forever warrnnt :,nd defend the validity and priority of the lien hereof :~g:,inst the claims of all {,etsons and fxrrties whomsoever- ° Mortgagor will, at the cost of Morigagor, and without expense to Aforigagee, do, execute, acknowledge and deliver :dl = and every such further acts, deeds, conveyances, mortgages, assignments, notices of assignment, tr:nsfers and assur.,nces as € Mortgagee shall from time to time require in order to preserve the priority of the lien of this )\tortg:~ge or to facilitate the t performance of the terms hereof. # PROVIDED, HOWEVER, that if Moriga or shall ,.,v to Mort , ee the indehtednes4 in the i g 1 ' - R~ g princip:l sum of ~ S 48 ? 000 • 00 as evidenced by that certain pmmi~sory note (the Note), of even date herewith, executed by ` Mortgagor and I,~yable to order of Mortgagee, with interest and u)wn the terms as provided therein, and together with all €i other sums 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 - -Al1t~l1St 1, 1989 ,and shall perform all other covenants and conditions of the Note, all of the terms of which Note :ue incorporated 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 ce:~ge and terminate. Morigagor further convenants and agrees with Mortgagee as follows: S 1- To Ih,y 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 he fk~yahle in lawful money of the (Toiled States of America at Mortgagee s aforesaid principal office, or at such other place as Mortgagee may designate in K•riting. : 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 Mortgaged Property or this Mortgage and produce receipts therefor u)wn dem:,nd. To immediately ),:,y :,nd discharge any claim, lien or encumbrance against the 1lfortgaged Property which may be or become superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge against the 1lfortgaged Property. 3. If required by biorigagee, to also make monthly deposits with Mortgagee, in anon-interest tearing 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 he levied against the Mortgaged Property, and (it so required) one-twelfth of the yearly premiums for insurance thereon. The amount of such taxes, assessments and premiums, when unknown, shall he estimated by Mortgagee. Such de)osits shall he used by Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of. such s _I_ 1 _ ti ~~a, ,a _ ~ ~ s ~ -