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Home My WebLink About2468 I ~ 46351 ~ • 1' . . • MORTGAGE GEED AND SECURITY AGREEMENT THIS M4RTGAGF. DEED (the Mortgage), dated +w of ~ 19~ , by and t?etwirn ST. P1:Tgt S EV~IGQ.ICAL L(T140;E2AN Q~i OF FORT P ,INC. , a not for profit Florida vorporatia~l, Iheretnatter ca led Mortgagor) and $(~j pF I~IE 00()IJI'Y ,having an office nt 111 Orange Avenue, Fort Pierce , Florielu Ihereinufler culled Mortgaged; WITNES.S>,'TH, that in conaiderution of the premises and in order to sea•ure the (?ayment of both the principal of, and interest and any other sums payable on the note las hereinafter defined) or this 111orlgage and the Irerfornrance and ot?- aervunca o[ all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrnnts, aliens, remises, rele+rrres, conveys, assigns, tratuters, mortgages and seta over and confirms unto Mortgagee, all of Mortgagor's estate, right, title +rnd interest in. to and under ail that erttain real pro(?erly situate in St. Lucle ('ouMy, Florida more Iwrticularly dese•ribed as follows: Beginning at the NE corner of Section 20, Taanship 35 South, Ral'lge 40 East, thence run West 40 feet to a point on the West right-of-way line of South 25th Stree+:; thence rtul South 77.33 feet along the said West right-of~way line to the point of beginning; thence run South along the said west right- of-way line of South 25th Street 417.67 feet to a point; thence run West 400 feet to a point; thence run Northerly parallel with the centerline of South 25th Street 366.18 feet to a point on the South rightrof-way line of Virginia Avenue, thence run Northeasterly alonng the South right-of-way line of Virginia Avenue 401.64 feet to the intersection of the South right-of- way line of Virginia Avenue and the Wiest right-of-,way line of South 25th Street and the point of beginning. T(X;ETHER WITH all improvements now or hena(ter 1«:rted on said re:d protx•rty and all fixtures, appli:uu•es, apparatus, equipment, heating and air conditioning equipment, machinery and :reticles of tx•rsonal pmtx•rty and replacement thereof (other than those owned by Icssees of said real property) now or hereafter :rt(ixed to, attached to, placed utx?n, or used in any way in connection with the complete and comfortable use, occup:lncy, or ot?errtion n( said real pml?erty, :rl1 licenses and permits used'or required in connection with the use of grid read profx•rty, all leases of said real pro(x•rty now or hereafter entered into and all right, tills and interest of Mortgagor thereunder, including without Gmit:rtiun, cash or securi- ties detxsited thereunder pursuant to said leases, and all rents, issues, pr:x•e•rds, :rnd profits accruing (rum s;riil real prulx•rty and together with all pror•eeds of the conversion, voluntary or involuntary of any of the foregoing into wash or 6ywdaterl claims, including without limitation, proa•e•eds of insurrnce and condemnation awards Ithe foregoinK said n.rl pro(xrty, tangible and intangible Ixrsonal prolxrty herr•in:dter retcrnd to as the hlortgagrd Prolerty). Mortgagor hereby gr.rnts to Mortgagee a sce•urily interest in the foregoinK de•se•ritN•el tangible and intar?gihle• tx•ru,n:d pn,(x•rty. 'I'O HAVE AND TO HOLD the Mortgage•rl ProtN•rty• h?gether with all and singular fhr• tenementR, hen•rtitanu•nts and appurtenances thereunto i?elonging or in anywise :q?trertaining and the inversion :rnd reversions thereof :md all the estate,. right, title, interest, homestead, dower and right of dower, separde estate, t?osseRSiun, claim and demand whatrtNw•er, as well in law as in equity, of Mortgagor and unto the same, and every part therer?f, with the appurtenances of Mortgagor in :rnd to the s:rme• and every I?:rrt and parcel hhereof unto Mortgagee. Mortgagor warrants that it h:rs a (:<Nx1 and marketable title to :ur indefe:?sihle G•e estate in th.• Mortgagod I'ngN•rty guhjer•t to no lien, charge or encumbrance except such as Murlt:agee has agn•rvl to accept in writing :rnd Murtg:rgur cu:enantx that this Mortgage is and will remain a valid and en(on•e:rble first mortgage on the I1lortg:+ged Protx•rty subject only tr, the exceptions herein provided. Mortgagor has full (N,wer and lawful authority to mortgage the Murlgagr•rl 1'rotx•rty in the ` manner and Corm herein done or intended hereafter to l?e done. Mortgagor will preserve xuch title and will forever warrant and defend the same to Mortgagee and will forever warrant and defend the validity :rnd priority of the lien here•r,t :rg:rinst the claims of all fxrw,ns ;roc( parties whonrsrNrver. Mortgagor will, at the cost of Mortgagor, and without ez(x•nse to Murtgager, do, execute: acknowledge sad deliver all and every such further acts, deedR, conveyances, mortgages, aR.gignmentR• notices n( atitiignment• transfers and assurrnca•!r as I Mortgagee shall fmm time to time require in order to preserve the priority of the lien of this Mortgage ur to tacilitaM fhr• E tx:rtormance of the, terms hereof. I PROVIDED, HOWF.VI:R, that it Mort r ur shall ' K~ R pay to Mortgagee fhr• indeble-rlne~s.•c in the principal sum of e ~ a 100,00.00 as evidenced by that certain pmmis.4ory note Ithe Notel, of even date herewith, exer•uted by 4 Mortgagor and payable to order of Mortgagee,, with intenwt and utx,n the te•rrns as provided therein, and together with all ~ other suing advanced by Mortgagee to or on half of Mortga or , nuant to the Nota• or this Mortgage, the final maturity ~ date of the Note and this Mortgage being y ~ ,and shall (N•r(orm all other covenants :rnd conditions of the Note, all of the terms of which Note ar inrorlN,r:dcd herein by reference, as though sa•t forth fully hen- ' in, and of any renewal, extension or m«lification, fhere•n( and of this Mortgage, then This 111ortgage• and fhr• estate hereby rrs•atPd shall cease and terminate. a Mortgagor further convenants and agrees with Mortgagee as (o11owR: 7 1. To pay all sums, including interest ser•ured hereby when due, as provided for in the Note and any renewal, extension or mrxlrtication thereof and in this Mortgage, all such sums to tN• payable in lawful money of the 1lnitad States of America at Mortgagees aforeR:rid principal office, or at xuch other place as Atortgager miry designate in writing. a i 2. To pay when due, :+nd without netuiring any notice from ~ortgagee• all taxes, assessrnentR of any tyke ur nature and other charges levied or assa•sud against the Mnrtgagr-rl Protx•rty or this Mortgage and produr•e rercipts therefor utx,n demand. Tu immediately pay and dise•ha rqe any a•laim, lien or eta•umhrrnce against the Mortgaged Yrotxerty which may IN• or become superior to thin Mortgage and to (rermit no default or delinquency on any other lien, encumbrance or charge against the Mortgaged Pn,tN•rty. f P 3. If required by AlortgageK•• to alw? make monthly detx?sitR with Mortgagee,, in a non-interest tN•aring account, d,- gether with and in addition to interest and princi(wl, of a sum cyual to one-twelfth of the yearly taxes and assessments which t may lee levied against the Aortgagdd Property, and li( s<? required? one-twelfth of the yearly premiums (or insurance thereon- The amount of RUCK taxes, assessments and premiums, when unknown, shall he estimated by Mortgagee. Such de(wsits Rtr:rll be used by Mortgagee to pay such fazes, awse•axments and premiums when due. Any insufficiency n( such T` •.','S p't*~red by RECftYEO s ord. er o P " OH CUSS` tN P.1TM?9T CF TAXES . , r',. t t,: -=GN! i7 , fltihl P(~?FRTY,. t:.. ~ ~ , F, ~ ~OYD U R ~(H' (t:,~T~ 7t-~_., Acts aF wn l~•l-n i~,~ ~v~;rt:et g00Ki~lJt'7 PACE24~ p.;cts Pdttuls s t.l_F:K G;tCYIT CWIRi• ti. tt)'r$ ~ ~ Fort Piero, Flaidat