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Home My WebLink About2458 '3~ 210 ~ - MORTGAGE DEED AND SECURITY AGREEMEN~ ~ 7• a THIS MORTGAGE DEED tthe Mortgage), dated as of May 25' 19 79 , I?y and t?etween Eunice Lloyd Ihereina(ter called Mortgagor) and Sun Bank of St. Lucie COUnty ,having :?n oftiE•e at FOrt Pierce, ,Florida (hereinafter culled Mortgagee): WITNESSiJ'TH, that in consider.+tion of the premises and in order to secure the I)ayment of both the princi{?al of, and interest and any other sums payable on the note lus heminatter detinedl or this Mortgage and the I)ertormance and ob- servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases, co:?veys, assigns, transfers, mortgagee and sets over ++nd confirms unto Mortgagee, all of 111ortgugor's estate, right, title and interest in, to and under all that E•ertain real prol)erty situate in St. Lucie ('aunty, Florida more lu,rticulurly described as follows: Lot 3 and the West ~ of Lot 4, Block 72, BILTMORE PARK, according to the plat thereof, as recorded in Plat Book 4, page 52, of the Public - Records of St. Lucie County, Florida. i (This is a First Mortgage) ~ ~S - ~ f y ~ ` - RE~~IVFD Z SS • . 1:1t:.XC ~.E. y.~..~~`Ci 19]1. - GUE Ok CtJ? ~{i;,pSE:t 71-'' a. t,::i~ _ - " GItRK Ct2CU1T COURT. N v7 TOGETHER ~yl'I'H all improvements now or hereafter located on s:,id real prolx•rty and all fixtures, appli:uu•es. aplh+r.+tus, equipment, heating and air conditioning equipment, machinery and articles of t)ersonal properly and replacement thereof (other than those owned by lessees of s:,id real prol)erty) now or hereafter affixed to, att:+ched to, placed ul)on, or used in any way in connection with the complete and comfortable use, occut?:+nc•y, or ol)er.,tion of s:,id real pmt?erty, all liE•enses and permits used or required in connection with the use of s:+id real pn)t)erty, all leases of s:,id real protx•rty new or hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limit:,tion, cash or securi- tiES del)osited thereunder pursuant to s:+id leaxs, and all rents, issues, pruE•eeds, and profits accruing tram s:+id real prulx•rty and together with all prex•eecls of the c•om•ersion• voluntary or involuntary of :+ny of the foregoing into cash or liyuidatecl claims, including without limitation, proc•Erds of insur:,nce and condemnation awards (the foregoing said real pro{arty, tangible and intangible I)ersonal protx•rh• he•reinaftE•r reterrE•d to as the Mortgaged Protxrtyl. ~tortg:,gor hereby gr:u+ts to Mortgagee a security interest in the foregoing descritxd tangible and intangible tx•nonal prutx•rty. TO HAVE AND TO HOLD the l~iortgaged Yrol?erh•, together with 11 and singular the tenements, herertih?menls and :q)purtenanc•es thereunto tx'longing or- in am•wise apl)ertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of lower, setw,r.,te estate, t)ossession, claim and demand whatsoever, as well in I:+w• as in equity, of Mortg:gor :?nd unto the s:,me•, and even, part thereof, with the appurtenances of Mortgagor in and to the s:une, and every part and parcel thereof unto Morlgage•e. Alartgagor warrants that it has a gocxt :?nd marketablE• title to an indefeasible tee estate in the \lurtt;agerl I'nryN>rty ! suhjE~e•t to no lien, charge or encumhr.,nce except such as Mortgagee has agreed tr. accept in writing and Mortgagor co•:en:u?ts that this Mortgage is and will remain a valid and enforceabic• first mortgagE• on the Mortg:ged Yrolx•rt ~ suhjec•t onh• to the E exceptions herein provided. Mortgagor has full t?uwer and lawful authority to mortgage the 141artgaged Protx•rty in the manner :md form herein done or intended hereafter to I?e done. Mortgagor will presen•e such title and will forever warrant and defend the s:,me to Mortgagee :md will forever warrant and defend the validity and priority of the lien hen•of :,g:unst the claims of all tx•rsons and parties whomsoever. lbtortgagur will, :d the cost of Rortgagor, and without exlx•nse• to Mortgagee, do• execute, acknowledge and deliver :dl and every such further acts, deeds, conveyances, mortgages, :>_ssignme•nts, notices of assignment, tr.,nsters and assurances :,s Mortgagee shall from time to time n•duire in order tr. pnsE•ne the priority of the lien of this Tortgage or to ta,•ilitate the tx!rtormanc•e of the terms hereof. PROVIDED, HOWEVER, that if 1\lortgagor sh:,Il pay tr. Mortg:~gee the indebtedness in the principal sum of g 3,646.09 as evidenced by that certain promissory note, Ithe Notc•?. of even date herE•Kith, executed by Mortgagor and payable to order of Mortgagee, with interest :,nd upon the terms as provided therein, and together with all other sums advanced by Mortgagee to or on 1?eh:df of Mortgagor pursuant to the Note or this Mortgage, the final maturity t date of the Nate and this Mortgage Ix•ing June 6, 1989 , :,nd shall 1?ertorm all other covenantF sort conditions of the Note, all of the terms of w•hic•h Nute are incortx>rated herein by reference as though set forth fulh• here- in, and of any renewal, extension or mcxtifirdion, thereof and of this Mortgage, then this Mortgage and thE• estatE• hereby created shall cease and terminate. t i~lorigagor further convenants and agrees with Mortgagor as follows: "s 1. To pay all sums, including interest seE•ured hereby when due, as provided for in thE• Note and any renewal, exh•nsion - ur modification thereof and in this Mortgage, all such sums to {u p:ryable in L•+wiul money of the L'nitE•r1 States of America at Mortgagee's atorec?id prim•ipal office, or at such other plan as Mortgagee may designate in writing. 'l. To pay when due, and without requiring any notice tram :Mortgagee, all taxes. assessments of any tyt~ or nature and ether charges levied ar assessed against the Mortgaged Yrot?erty or this i\tortgage and produce receipts then•tor utwn demand. To immediately pay and discharge any claim, lien or enrumbr.+nre :+gainst the Mortgaged I)rotx•rty which may Ix• ! or f?e•come sul)erior to this 1\lortgage and to t)ermit no default or delinquency on any other lien, encumbrance or charge ( against the Mortgaged Yrolx•rty. s 3. If required by Mortgagee, to also make monthly dogwsits with Mortgagee, in anon-interest tearing account, fo- gether with :+nd in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which ~ may t)e levied against the Mortgaged Yn?txrrty, and lit su required) one•lwelfth of the yearly premiums for insur.,nce k thereon. The amount of such lazes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such detwsits shall be used by Mortgagee to pay such taxes, assE•ssments and premiums when due. Any insufficiency of such i ? - - ~ ~ -