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Home My WebLink About2897 , ~3~.3r'! (1~~~. 45t~229 . . ~ o MORTGAGE DEED AND SECURITY AGREEMENT~ ~O ~ THI3 MORTGAGE DEED (tl~e Mortgage), dated as o[ Jur~e 26 ~ 19 79 , by aind betw•rrn Daniel A. Clayton and Judy N. Clayton , Ihereina(ter relled MoriR+~R~~) xnd Sun Bank of St. Lucie County , having un o((ice ul p•O. BO)C S~ Ft. Pierce, FL 33450 , Florida (herei~ufter c.~lled MortRugee): WITNE39E'I'H, that in rnnsideratio~ of the premises and in order to aecure the payment ot both the principal ot, and inteeeat and any othe~ eums peyable on the note (as heminatter detined) or this MortRage and the per(ormance nnd ob- acrvance o[ all ot the provisions hereof and ot anid note; Mortgngor hereby granta, sella, wurranta, aliena, remises, releases. conveys, assigns, trensters, mortgages and aete over and contirms ~nto Mortgagee, ull of Mortgagor s estate, riRht, title and interest in~ to and u~der all that certain real property aituatein St. Lueie County, Florida m~?re pnrticul:~rly deacribed as followa: Lot 5, Block B, Country Living Estates, Unit 1, as per plat thereof recorded in Plat Book 18, page 13, public records of St. Lucie County, Florida. ~~v _ .~Q N STATE FL ~i?'~ ~ ! ~waa ~ ; Z ~ ~ D O :.'J M E N T A R Y -f - _ ? ` :ti' - , ~ Out~ On N ~~t Oi T~[N ~ - `r i>t-: . - ; 's,~= . ~ Ci~st~ IntsnplDNI~p1N1kOpNty - Z,. ~vt*eU: •s • - c ~~~;x~c:t ~ ~ ~+rtt<~o~t To Ct.t~?FM 71 1~ Aq~t G1 ~ = r•a. _ ~a~ -5'~s -:t*._~~ ~ 0 ~ 0 ~ RO(IER POITRAs _ : - 1 c~a+. st, luol~? C~.. !'1~. TOGETHER WITH all improvements now or herr:ilter Irx•ated on w~id rea) pro~?erty and all fixturec, apE?liani•~~., apparatua, equipment, heating and nir conditioning equipment, machinery :~nd articles of {~ersonal proE~rty and rnplacement thereot (other than those owned by lessees of said reai pro~~erty) now or hema(ter :~ftiYed to, attached to, placed u~wn, or used in any way in connection with the complete ared comtorl~ble use, oiY•upara•y, or operation o( s:~id renl pro~yerty, all licenses ~nd permits used or required in connection with ihe use ot s~id reai pmperty, all leases of said mal property now or herea(ter entered into and all right, title und interest ot I1lortgagor thereunder, includinR without limitation, c:ish or sec•uri- ties deposifed thereunder purszuant to said leases, :~nd all rents, is~ues, prcxxeds, and profits accruing from said real pro(x rty and together with all procreds o( the com•ersion, ~•otuntary or involontary ot any oi the toregoin~ into cash or liyuidatecl claims, including without limitation, pr«•eed.s of insurance and condemn:~tion awards (the tornRoinR s:iid real pro~x•rty, tangible and intanRible perwnal pro~~erty hereinafter reterred to as the MortgaRed Yro~?ert.yi. !1lortgaRor hrmby Rr.~nt. to Mortgagee a security interest in t~e toregoinR descrilxYl lungible :ind int:~nKible personal pn,~?erty. 'Cn HAVE AND TO HOLD the Mortgaged Pm~~eriy, ic~ether ~+ith all and sin~;ular the teneme~ts, herc~fit.~ments and appurten~nces thereunto belonRinR or in anywiye ~p~~ertaininR :~nd lhe reversion and reversions thereof :md all the estate, riRht, title, interest, homestead, dower and right o( dower, se~>ante estate, pos.session, claim and dem:~nd whatsoe~er, a~ w•ell in law as in equity, of A1oHRnRor and unto the same, and every part thereof, v?•ith thc ap~iurten:~n~~es o( Ttort~:~Qor in and to the same, and every parl and pari•el thereot unfo MortRaQEr. Mortgagor warrants that it has a Roc?d and marketable t~Ue tn :~n indrfeas~hle t.y~ est:~te in the ~tort~:~Re~c1 Pro~x~rty ~ Rubject to no lien, i•harge or en~~umbr.~n~•e c•xcept such as rtort~agee has :i~;reed to :u•e•ept in w•riting and A1orlKagur ~•otien:~ntti ! that this Mortgage is and will remain a~;ilid and entor~•eahle (ir:st mnrtK:~ge on the i~lortRaR~~d Property subject only to the e=ceptions herein provided. MortgaRor h:is tull {x~wrr and law(ul authority to mortRage the A'IOI't{~,:I~,C(I YfO~Kf1Y in thc• f ~ m:~nner and form herein done or intended hereafter~to be done. 111ortR:~Ror wiU presen~e such title and wiU torever w:+rr:~nt and detend the same to MortRaRee ~~nd wil) forever warrant :md defend the validity :ind priority of the lien hereof aRainsl the ctaims o( ali ~~ersons nnd ~~arties ~vhomsoever. , ~ 1141ortgagor will, ~t the cost ot Nlortgagor, and withouf ex~~ense to \4ortR~gee, do, exe~-ute, acknowledRe and defiver all ~ •~nd e~•ery such further acts, deecls, conveyancea, morlRaRes, assiKnments, nctices ot assiRnment, transfers and actiur~ni•es as ~lortga~:ee shall from time to time require in order to prc~n~e the priority of th~ lien of this rlortRa~e or fo ta~•ilitate the ~ pertormance o( the terms henaof. . ~ YROVIDFD, HOWF.VER, that if 111ortR:~~or shall p:ry to A1ortK~~K~'o the indebtedn~s,9 in the prin~ipal sum of a 5, 316.98 ;~g evidenced by th:~t certain promi~.sory note (th~ 1~'ote•{. of e~~en d.~te herewith, exe~-uted h}~ ~ l~fortg:~gor and payable to order of MortRaRee, with interest and uEwn the terms :~s pmvided therein, and toRether ~+ith :ill other sums advanced by MortKs~Ree to or on behalf ot 1ltort~aQor punu:~nt to the Note or this A1ortRaRe, th~ /innl malurity ~ date of the Note und this AiortRage F?einR J11~1e 26~ 1984 , and shall ~~er(orm :ill othe•r co~~enant~ :~nd ~ conditions of the I`'ote, all of the terms of whi~•h Note are inc•orywr.~ted herein by-re(erence :~s thouRh set forth fully here- ~ in, and of any renPwal, extension nr mocliti~:~tinn, thercY~( :~nd ~r( thi~ ~1orlKa~e, fh~n this ~1ortKaRe :~nd the ~•statr hi~rc~h~- ~ ~•re:~ted sfi:~ll ceasr and terminat~•. ~ MortRaRor turther com•enants and a~rees w•ith T1or~RaRee i1F ~OIIl~WR: ~ 1. To pay all sums, includinR interest secured hereby when due, as providrd tor in thi~ tiote and any renewal. ~•xtension ' or modi(ication thereof and in this AfortK•~Re, all such sums to he payable in laK•ful money of the Unite~l States nf Ameri~•a 's ~ ut MortQagee's afores:~id prin~•ipal otfi~•e, or at gua•h other place as Ti~rtRa{;et~ may desiKnate in w•ritinR. ~ 2. To p:~y when due, and without requiring any notice (rom ;~1ortRaRee, all t~xes, c~stiescments of any ty~?e or nnture• ~ and nther charqes le~-iecl or assessed :~Kainst the 11'lortqaqcd Pro~xrty or this :lfortRage and produce re~•eipts therefor u~ron ' ~ demand. To immediately pay and discharge any claim, lien or encumhrance against the ~~O~Q:1P,((I PfO~)k'rty w•hi~•h m~y ix- ~ or hecome su~~erior to this Alorlg:~Re and to ~~ermit no default or delinqurnry on any other lien, encumbrance or ch:~rRe I ; :~Q:~inst the tliortgaRed Pro~,~rey. 1 ~ ~ g 3. If required by AlortgaQ~w, to :~Iso make munthly de~~sits with i~lortRagee, in non-interest I~earinR accuunt, to- ~ gether with :~nd in addition to interest :ind principal, o( ~ su~n equal to one-twelfth of the yearly taxes and assessments w~hich may be levied against the illortgaged Yroperty, and li( su reyuirc~d) one-twellth of the yearly premiutns (or insurani~e ~ thereon. The amount of such taxes, as.~ssments :~nd premiuma, Nhen unknow~n, shall be estimated by MortQaRee. Such de~x~sits shaU be used by MortRaXee to {~:~y such taxc~s, assessments and premiums when due. Any insu(ticiency o( such ~ ~ f v ~ ~~,:r311 j.~~.-2895 . ~ ~