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MORTGAGE DEED AND SECURITY AGREEMENT
THIS MORTGAGE DEED (tbe Mortgage), dated as of May 22 , 1979, by and between
J. A. J. Knox and Frances Laetitia Hilda Knox, bis wife
(hereinafter called Mortgagor) and Sun Sank Of St. LUCie COUnty ,having s+n
office at 111 Orange Avenue, Fort Pierce ,Florida Ihereinatter called Morigugee);
WITNE39ETH, that in considerntion of the premises and in order to secure the payment of both the principal of, and
interest and any other aunu payable on the note (aa hereinafter defined) or thin Mortgage and the performance and ob-
servance of all of the provisions hereof and of said note, Mortgagor hereby grants, Sella, warrants, aliens, remises, releases,
conveys, assigns, transfers, mortgagee and sets over and confirms u QQ M tgaB all of Mortgagor's estate, right, title and
interest in. to and under all that certain real property situate in ~L' ~'uc~~ County, Florida more fwrtie•ul:+rly
described as follows:
Condominium Parcel No. 624 of CAPSTAN I, according to the
Declaration of Condominium thereof recorded in Official
Record Book 232 at pages 619 tbru 711 of the Public Records
of St. Lucie County.
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TOGETHER WITH all improvements now ,or hereafter located on s:+id real property and all fixtures, appliances,
apfx+ratua, equipment, heating and air conditioning equipment, machinery and articles of personal property :+nd replacement
thereof (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, placed upon, or
used in any way in connection with the complete and comfortable use, occup:+ncy, or operation of said real property. all
licenses 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 deposited 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 liquidated
slaters, including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property,
tangible and intangible personal profrerty herein:fter referred to :+s the Mortgaged Property). Mortgagor hereby grants
to Mortgagee a security interest in the foregoing described tangible and intangible personal property-
TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and
appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, selrarate estate, possession, claim and demand whatsoever, :+s
~ well in law as in equity, of 1liortgagor and unto the same, and every {><-+rt thereof, with the appurtenances of Mortgagor in
~I and to the same, and every 1>:+ri and )r:+rcel thereof unto Mortgagee.
I~ Mortgagor warrants that it has a good and marketable title to an indefeasible ter estate in the Mortgaged Profxrty
f subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and 1`lortgagor co~~rnants
t that this Mortgage is and will renu+in a valid and enfon•eable first mortgage on the 141ortgaged Proterty subject only to the
exceptions herein provided. Mortgagor has full power and I:+wful authority to mortgage the Mortgaged Property in the
E manner and form herein done or intended hereafter to he done. Mortgagor will preserve such title and will forever w:+rrant
~ and defend the same to Mortgagee and will forever warrant and defend the v:didity and priority of the lien hereof against
the claims of all persons and parties whomsoever
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Mortgagor will, at the cost of Mortgagor, and without expense to Morig:+gee, do, execute, acknowledge :+nd deliver :+11
and every such further acts, deeds, conveyances, mortgages, assignments. notices of assignment, transfers and assurances as
Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the
€ performance of the terms hereof.
PROVIDED, HOWEVER, that if Marigagor shall pay to. Mortgagee the indebtedness in the princil>i+I sum of
~ E 48 • as evidenced by that certain promissory note Ithe Note), of even date herewith, executed by
Mortgagor and payable to order of Mortgagee, with interest and ulron the terms as provided therein, and together with all
other sums advanced by Mortgagee to or on behalf of Morig:+gor pursuant to the Note or this Mortgage, the final maturity
date of the Note and this I~lorigage being :rv ~ ,and shall perform all other covenants and
conditions of the Note, all of the terms of which Note are inc•orfrorated herein by reference as though set forth fully here-
in, and of any renewal, extension or modification, ther+Y?( and of this Mortgage, then this 1ltorigage and the estate hereby
created shall cease and terminate.
Mortgagor further comenants and agrees with Mortgagee as follows:
1. To pay all sums, including interest secured hereby when due, as provided for in the Note and :+ny renewal, extension
_ or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of America
at Mortgagee's aforesaid principal office, or at such other place as Mortgagee may designate in writing.
r 2. To when due, and without
pay requiring any notice from Mortgagee, all taxes, assessments of any tylre or nature
?nd other charges levied or assessed against the Mortgaged Property or this i4fortgage and produce receipts therefor u)wn
demand. To immediately pay and discharge any claim, lien or encumbrance against the 114origaged Property which may br
or be<•ome superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge
against the Mortgaged Property.
3. It required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to-
~ gather with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which
may be levied against the Mortgaged Property, and lit so required) one-twelfth of the yearly premiums for insurance ~
thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee- Such
~ delwsils shall be used by Mortgagee to pay such taxes, asseasrnents and premiums when due. Any insufficiency of such
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