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Home My WebLink About1745 ~ ~3~ ~4.. 920 ~ S D: S / . MORTGAGE DEED AND, SECURITY AGREEMENT ~ a ~3 THIS MORTGAGE DEED (the Mortgage), dated as of M8y 24 , 19 79, by and between Basil P. Bullock and Annie ~1. Bullock, his Wife (hereinafter called Mortgagor) and Still Bank Of St. Lucie COtinty ,having :rn office ae 111 Orange Ave. , Ft. Pierce ,Florida (hereinafter culled Mortgagee): WITNESSETH, that 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 hereinafter defined) or this Mortgage and the Irerformance 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 Ir,rrtic•ularly described as follows: Lots 6 through 23 inclusive, Block 1, Lots 1 through 10 inclusive, and Lot 15, and Lots 17 through 23 inclusive, Block 2, POSTER'S SUBDIVISION according to the plat thereof as recorded in Plat Book 5, Page 41, of the Public Records of St. Lucie County, Florida. r~'?CtlMEtv',„'-~i•'~ RECEIYEO = ~8'y•3 IN PAYk1fHT QF TAXES h~' ~ _ _ - ~ I t: PJ~ -Ji. ~ DUE ON CIASS 'C' Lt1AgG'CtE P:RSOY`L PRO?ERTY, ' ' i„-- + PURSUMT TO :.KAPTf;t 71-1::4, RCTS Of 1971. = r.ar,y.,g!':,*.~~ j 2 ~ 5 ~ R06Eg PGITRl11< t CLERK CIRCINi COACT, =T. LUCE M. !L~ - , TOGETHER WITH all improvements now or hematter Icx•ated on said rear) profrerty and all fixtures, appliancc.~, apfr:rratus, equipment, heating and air conditioning equipment, machinery and articles o[ personal prolx•rty :rnd mplacement thereof (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, lrlac•ed upon, or ' used in any way in connection with the complete and comfortable use, occulrancy, or olreration of said real pmfrerty, all licenses and permits used or required in connection with the use of said real property, all leases of said real properly now or hereafter entered into and all right, title and interest of Mortgagor thereunder, inc lading without limitation, cash or sec•uri- lies deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing from said mat pnrfx•rty and together with all proceeds of the e•onversion, voluntary or involuntary of any of the foregoing into cash or liquid:ded claims, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real profx•rty, tangible and intangible Irerscrnal profrerty hereinafter referred to as the Mortgaged Prol,erty). Mortgagor hereby gr.rnt. to Mortgagee a security interest in the foregoing desc•rilxd tangible and intangible Ixrsonal profx•rty. TO HAVE AND TO HOLD the Mortgaged Prolrerty, together with all :rnd singular the tenements, hereditaments :rnd appurtenances thereunto belonging or in anywi•:e apfx•rtaining and the reversion and rnversions 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 psrrt and furn•el thereof unto Mortgagee. Mortgagor warrants that it bars a g«?d and markMable title to :rn indefeasible fc•r• estate in the ~lortgaKc•cf Prr,{x•rty subject to no lien, charge or encumbrurce except such as hlortgagec• has aKmed Io accept in writing and Mortgagor cotenants that this Mortgage is and will remain a valid :rnd enforceable first mortK:rge on the Mortgaged Property subject only to the exceptions herein provided. Mortgagor has full twwer and lawful authority to mortgage the Mortgaged Protxrty in the manner and form herein done or intended hereafter to t,e done. Mortgagor will preserve such title and will forever warrant and defend the same to Mortgagee and will forever w:rmmt :rnd defend the validity :rnd priority of the hen hereof against - the claims of all lrersons and parties whomsoever. f Mortgagor will, at the cost of Mortgagor, and without extx•nse to Mortgagee, do, execute, acknowledge and deliver all I and every such further arts, deeds, c•onveyancrs, mortgages, assignments, notices of assignment, transfers and assurrnccs as Mortgagee shall from time to time require in order to pn•sc•n•e the priority of the lien of this hlortgaRe or to f:u•ilitate the f~ r(ormance of the terms hereof. PROVIDED, HOWEVER, that if 111ortg:rgor shall pay to Mortkaxc•e• the indebtedness in the principal sum of { g 14,415.35 as evidenced by that certain promissory note fthe Note1, of even date herewith, executed by ' Mortgagor and payable to order of Mortgagee, with interest and utx,n the terms :rs provided therein, and together ~"•ith all ! other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this AlortgagP, the final maturity date of the Note and this Mortgage being June 6, 1984 and shall lrertorm all other covenants and ~ conditions of the Note, all of the terms of which Note are incoryxrrated herein by refernnce 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 cmated shall cease and terminate. g 1 Mortgagor further convenants and agrees with Mortgagee as follows_ ~ 1. To (ray all sums, including interest sec•urcd hereby when due, as provided for in the Note and any renewal, extension 's or modification thereof and in this hortgage, all such sums to t,e payable in lawful money of the United States of America :rt Mortgagee's aforesaid principal office, or at such other place as MortgaKec• may designate in writing. 2. To tray when due, and without requiring any notice from htortgagec•, all taxes, assessments of any tytre or nature and other charges levied or assessed against the Mortgaged Profrerty or this Mortgage and produce receipts therefor ufwn demand. To immediately pay and discharge any claim, lien or encumbrance against the lLlortgaged Prolrerty which rosy fx• ur hec•ome sulrerior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge against the Mortgaged Profx•rty. 3. If required by Mortgagee, to also make monthly delrosits with Mortgagee, in anon-interest t,earinq account, to- j gether with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which z may he levied against the Mort rged Pro rent g: f y, and lif so required) one-twelfth o[ the yearly premiums for insurance thereon. The amount of auc•h taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Suc•b delxrsita slwll be used by Mortgagee to fray such taxes, assessments and premiums when due. Any insufticiene•y o[ such 1 3QC~ ~9 ~AL:~~~~ ; t=