The URL can be used to link to this page

Home My WebLink About2968 ~'~~4'7y3 ~ i~~ o t t• tt ~S- ~ • ~ `j~ ~ ~ MORTGAGE DEED AND SECURITY AGREEMENT THIS MOR'IY;AGE DEED !the Mortgage), tinted as of t~Y ly 79 , by and I,elwcen PEl'F~LQ~I DIS'TRIBUPOI?.S, INC. lh~reinatter called Mortgagor) and SC~i BANK OF ST. IIICIE -~($Jl'Y ,having an offit•e al 111 OYFtf1CJE3 AVenue, FOY't PleY'G~(•' , Florid:+ (hereinafter culled Mortgagee); WITNE831a'TH, that in consideration of the premises and in order to secure the l,ayment of both the principal of, and interest and any other sums payable on the note las hereinafter defined) or this Mortgage and the performance tend ol?- servance of all~of the provisions hereof and of said note, Mortgagor hereby Brenta, sells, warrants, aliens, remises, releases, conveys, assigns, transfers, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, right, title :rnd interest in, to and under all that certain real property situate in St. Luele County, Florida more f?:rrticulurly described as follows: See Attached Schedule ' 1~ r'~ ~ Received a ~ In f'eytnutt Of TtltxN . Our On Ctess "C" IntanplDlsPersorttdPrap~rq - TF ~ t_i i ~ : ` P,,~= ,ant To Cnaptsr 71, 134. /lets 01171, ~ ~ L~Q~UMEN?AKA ~ S_Tr:M__i'_'t. 1 , ROGERPOITRAS ~ ' r,~ , --;,j ~ ~ r•t ~~:i: - ~ • f I'Ittr~ rt?CU11 COU?t, St. LUCID. CO. T(DGI:THER WI'CH :ell improvements now or hereafter 1«•ated on said real pn?I?erty and all fixtures, appliances. apparatus; equipment, heating and air conditioning equipment, machinery :rnd articles of !x•rsc?n:rl prolx•rly and mplacement thereof (other than those owned t?y lessees of said real property) now or hereafter affixed to, attached to, placid ufx?n, or used in any way in tonnet•lion with the complete and comfortahle use, occul?anLy, or al?erntion of said real property, all licenses and I,et•mita tied or inquired in rnnnet•tion with the use o[ said real prolerty, all leases of said roil prolx•rty now or hereafter entered into and all right, title and interest. of Mgrtgagor thereunder, including without limitation, cash or st•+•un- ties del?osited !hereunder pursuant to said leases, and all rents, issues, proceeds. :rnd profits ac•t•ruing Irom ~:+id real property f and together with all proceeds of the com•ersion, voluntary or involuntary of any of the foregoing into Lash or liyuidatec! claims, including without limitation, proceeds of insurrnce and t•ondemnation awards Ithe foregoing said ma pmlx rty, tangible and intangible !?ersonul pn?l?erty hereinafter referred to as the Mortgaged Prol?ertyl. Mortgagor herehv t;r:u?ts to Mortgagee a set•urity interest iu the foregou,g dest•ril?ed tangible and intangible tx•rs+?nal protx•rty. TO HAVE AND 'IY) HULD the hortgaged Prolerty 1+?gether with all :rnd singular the tent•nu•nts, heredit:unt•nfs and apt>urtenaners thereunto belonging or in anywise appertaining and the reversion and reversions therec+f :urd all the estate, right, title, interest, homestead, dower :rnd right of dower, separate estate, fwissession, claim :rnd demand w•hatsocver, a. well in law as in equity, of Mortgagor and unto the same, and every part thereof, w•ilh the :q?purten:+nces nl Mortgagor in - and to the same, and every r?:rrt and I?:rn•el thereof unto 111ortgaRC•e. Rortgagor warrants that it has a g+x?d and marketalae Utle to an indt•fe:+sihle fee estate in th+• \lortg:,t;ed 1'ro{?+•rt} subject to no lien, ch:,rge or encumbrrn+r except such as 111ortgagt•e• has agn~t•d to accept in venting and i\lortgagor co•.en:uNs that this Mortgage is and will remain a valid and enforce:+ble first mortgage, on the Mortgaged Pmfx•rty subject only to thL exceptions herein provided. Mortgagor has Lull twwcr and lawful authority to mortgage the Mortgagol Pn,tn•rty In the manner :rnd form herein done or intended hereafter to t?e clone. Mortgagor will preserve such title and will forever warrant and defend the same to Mortgagee and will forever w:+rrrnt and defend the validity and priority of the lien hen•of against the Llaims of :ili !?ersons and {?:rrties whomsoever. Mortgagor will; at the cast of Mortgagor, and without exl?ense to Mortgagee, do, exe+•ute, acknowledge and deliver all ` and every such further acts, deeds, conveyances, mortg:ges, assignments, notices of assignment, transfers and asw,r+nces a, Mortgagee shall fmm time to time inquire in order to pr+•st•n•e the priority of the lien of this Rlortgag+• or to ta+•iliMtc• the ! l,t•rform:rnc•e of the terms hereof. PROVIDED, HOWEVER, that it Morlga~or shot! Ir:+y to Mortgagee the indehtt•clness in the principal sum of ~ 62,5UU.UU as evidenced by that certain promissory note Ithe Nnte1, of even date her.•with, executed h~ t4lortgagor and payable to order of Mortgagee, with interest and ul,c?n the terins as provided themin, and together with all other sums advanced by Mortgagee to or on behalf of tllortgagor pursuant to the Note or this Mortg:+g+•, the final mafuril~• i date of the Ncte and this Mortgage being a7LIIle l~ 1989 ,and shall t?t•rform all other co~•enants and conditions of the Note, all of the terms of which Note are incory?c?ratLCl herein by reference as though set forth fully hen•~ 8 in, and of any renewal, extension or m+xli(ication, therc•+?f :rod of this Mortgage, then this Mortgage :uu1 tho estate hen•h~ cn•ated shall L'P:ISf' and terminate. A Mortgagor further concenants and egrets with Aortgagee as follows: s f. To p:ry :ell sums, including interest secured heret,y when due, as pnn•,dt•d for in the Note and :u?y renewal, extension - or modification thereof and in this tlf ortgage, all such sums to 1?e payable in lawful money of the Unit+•+l Sta+•s of t11m•rLa _ at Mortgagees afores:ud principal office, or at such other place as Alortgagtr• mac designate in writing. 2. To !?:,y when due, and without n•truiring any notice from 11ortgagtr, all taxes, assessments of any tylx• or nature and other t•hargea levied or assesstxl against the Mortgaged Prolx•rty or this Mortgage and produce receipts thert•for ut?+rn dt•mand. To immediately pay and discharge any claim, lien or encumhr.+nce ag:+inst the Dlartgaged I'ml?t•rty which may Iw• or lxrome sul,erior to this tltortguge and to permit no default or delinquency on any other lien, encumbranc+• ur charge against the Alortgagt•d Prol,t•rty. 3. If rteyuirtd by Mortgagee, to alw? make monthly defx?sits with Morlgaget•, in anon-interest I,t•:+ring account, to- gether with and in addition to interest and pnncif,:il. ut a sum equal to one-twelfth of the yearly taxis and asst•ssmenis which may t?t• levied against the Mortgagee! Property, and lit so required) one-twelfth of the yearly premiums for insur.,nct• s thereon. The amount of such taxes, assessments :u+d premiums, when unknown, shill be estimattd by Mortgagee. Such ~ defa~sits shall I,e used by Atortgagte to pay suoh taxes. assessments and premiums when due. Any insufficiency of such t t: -,--.j ty T. i--.. -t t,:. ~ ~ • ~...~,o ` 3 2965 1_~+~.1 t:~. ~.,,t Sheet O'~ ~aL_ r..... fort Pierce, Ftor~ - _ _ _ r