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MORTGAGE DEED AND SECURITY AGREEMENT a.7 y ~
THIS MORTGAGE DEED (the Mortgage). dated as ot J~e 29 ~ 19Z~ , y und t,etween
Aorace Delvin Whaley and B~relyn Rebecca Whaley, husband and wife
(hereinnfter cnlled Mortgagor) and Su11 B811~C Of St. Lucie , havinR un
ottice ut 111 Oraage Ave. ~ Ft. Pierce , E~oriJa (hercinafter cAlleci !~lottg:~gee);
WITNE33ETH, that in consideratio~ ot the premises and in order to secure the payment ot both the principal ot, and
intereat and any other sums peyable on the note (as hereina[ter detined) or thia Mortgage and the performance a~d ob-
servance ot all ot the provisiona hereo( and of said note, Mortgagor hereby grants, sella, warrants, aliens, rnmiaee, releasea,
conveys, assigas, transfers, mortgagea and sets over and confirms unto Mortgagee, ull ot Mortgagor's estate, riRht, title and
intereat in~ to and under all that ceriain rna) property situatein $t. Lucie County, Florida more ~~articula~ly
deacribed as (ollows:
Lots 18 and 19, and the North 20 feet of Lot 20,~SUNSET PARK, according to the
plat thereof as recorded in Plat Book 6, page 18, of the Public Records of St.
Lucie County, Florida.
~ STAT~~ -`-L_~~~ri , ~
~-~F ~ RfLF1~ED s 1`t PR'iM:~t df~ ii~
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nO~tJN4EN ~ARt ~R • '
e- `r :)E i' f uF i•L YENeJF_ s~•~`.-` . i TO CtiJ: : 1S- .3, R~j= ~ q~ j~ .
_ ~~t •5'i3 ~~~~~j ~t ' 7 ~ ~ ~ R;.FcR P:.IT{tAS :
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T(X'~'TNER WITH all improrements novv or hereatter located on s:~id real prv~?erty and all (i:lures, a~?pliani•c..
apparatus, equipment, heating and air conditioning equipment, machinery und articles o( personal property and replacement
thereof (other than those owned by lessees ot said re~l property) now or hereatter attixed to, attached to, ~~laced upon, or
used in any wpy in connection with the complete and comfortable use, «•cu~mncy, or operation of said real pro~~erty, :~II
licenses and permits used or required in connection with the use of siid real pro~~erty, all le:~.ses o( said real property now~ or
here:ifter enteted into and all right, title and interest oi 111ortp,agor thereunder, includinR without limitation, cash or seeuri-
ties deposited thernunder pursuant tu s:~id le.ises, and uU rents, iswes, proireds, and profits accruinR (rom s:~id real pn?~x•rty
.ind logether v?ith all ptocreds of the converaion, voluntary or invuluntury of any of the foreguing into cash or liquidateci
i•laims, including without limit~tion, proceeds of insu:am•e and condemnalion awards Ithe foregoinR said real pro~x~rty,
tangible :tnd intangible ~~ersonal pro~~erly heminafter reternd to as the AtortR.iged Yro~~ertyl. :1lortgaRor hemhy ~;ran~.
to A'lortgagee a security interest in the fomgoinR described t.~ngible ~nd intanRible ~x~r~n:d pro{~rty.
'I'n HAVE AND TO HOLD the tllortgaRed Pro~~erly. Ic~rther veith all :~nd sinRular the tenements. hrrcdit:~menls :ind
appurtennnces thereunto belonRinR or in anywise appertaininR and the mvcrsion and re~•ersions thereof and :ill the estati•,
riRht, title, interest, homesfead, dower and riRht of dower, separnte estatP, Ewsse+sion, claim and demand whnt~?e~~er, as .
well in law as in equity, of MortQaRor and unto ~he s:~me, and every p:~rt thercrt, w•ith the appurtenancc•s ol 1~1ortRaRor in
and to lhe same, and every part and ~xircel thereot unto Mort~u~ee.
Mortgagor w•arr.nnts that it has a Rood and m:~rketable title to :~n indefeasible (e~• e•statt• in Ihr ~9urtKaKiYI 1'ru~K•rt~•
~ subject to no lien, charge or encumbrance ezcept sui~h as riortgaRre has aKreecl to .~i•.•ept in w•riting and 211nrtRaKor ~~ocrnanis
i that this MortRaae is and will mmain a~~alid :~nd enfon•eable first mnrtR:iK~~ on the ;11nrtRaRed Pro~?ert_r• subje~•t only to the
F exceptions herein provided. Mortgagor has tull ~wwer and lawtul :iuthority to mort~aRe the MortgaRed Pro~~erty in the
~ m:inner ~~nd torm herein done or intended hereafter to lie done_ MortRaRor will presen~e such title and will forever w:~rrant
and de(end the same to Mort~aqee ~nd will forever warrnnt :md defend the v.ilidity and priority o( the lie~ hFrc~?t :~R:~inst
the ~laims ot all ~~er:ions and ~~arties whomsoe~•er.
~ Atortgagor will, at the cost o( Mortg.igor, and without ex~~ense to MorlRaRee, do, exe~•ute, acknowledRc and deli~•er :~1!
( :~nd every such further acts, deeds, conveyancr~, mortRages, :~asiKnments, noti~•es of assiRnment, trans(ers :~nd astiuranc~c~ :is
Mortq:~Ree shall from time to time require in order tn pmsen•P the priority of th~ lien of this I~tortRa~e or to (acilitat~ the
performance of the terms hereof.
~ PROVIDED, HOWF.VER, that if 1~iorfKaRor sh:dl ~kry tu :~fort~:~K~~i~ th~~ inrlc•htcYlnF~sc in the pnn~~ip:~l sum uf
$ 11,388.76 as evidenced by lhat certain pn?micsory note Ithe~ Not~~l. of e~t~n date herewith, eze~vt~•d I,y
~ Mortgagor and payable to order nf MortgaRee, with interest :~nd u~x~n the terms as E?ro~•idecl therein, and together w~ith :~II
~ other sums udvanced by btortKaRee to or on t?e alf of 1110r~ ~Ror punu:int ta the i`ote or this 1ioriRaRe, the final maturity
date ot the Note and this MnrtgaRe bc•inR Ju~y 1~ 19S`~ , and shall ~?erform all other ~orenants and
~ ronditions of the Note, al) o( the terms of w•hi~•h Note :~r~ in~•or~?rated h~n•in t~y refer~nce :~s thouQh set torth (ully herP-
~ in. ~nd ot any renewal, c~ztension or mrxlifiraliur~, there~~( :~nd of thi~c ~1ortK:~Kc, thc•n thi~ Alorte:~K~~ and Ih~ ~•state hen•h~-
~ .•rFat~d sh:ill cease and termin:~te.
~
~
~1nrt~aRor furlher com•en:~nts and aRrees with ll7ortgaRee FIF ~OUON4:
~ 1. To pay all sums, includin~ interest se~•ured heteby ahE:n due, as pro~~decl tor in the Note and any renew:+l, extensiun
a or moditication thereof and in this MortRaRe, all xuch sums to t?e pay:ihlr in I:+wful mont•y of the United Statc~ nf Am~~rira
~ at Mort i ee s afores:~id ~rinri ~al offi~•e, or at gu~•h other ~la~~e as 11f~~rt ~~;cr m:~}• desi nate in w•ritin
: R~ K { ! 1 R~ K R
0
~ 2. Tu pay when due, and without rcquirinq any notii~e trom \lortgagEr, all taxc~, a~xssments o( any ty~~e or naturt•
~ and other charges le~~icd or asses.x~d aRainst the 111ortgaged Pro~~erly or this l~fortgage and pradure re~•cipts them(or a~x~n
z
~ demand. To immediately pay and discharge any claim, lien or en~vmbrance against the 1lortgaRed Pro~~rty w•hich m:~y tx~
' or tx-come superior to this AlortgaRe and to ~~ermit no de(ault or delinyuc•nc•y on any other licn, encumbran~•e or ch:~rgr
r :i~:~in~t thr MoTtKaged Pro{mrty.
~ 3. 1( required by MortK~Rer, to also make monthly dE~ ws~ts w•ith ~1ort •~Qee, in a non-interest tx:irin
~ 1 B• q account, to-
~ Kether wilh and in addition to interrst and principal, o( a sum eyu:~l to one-twelfth of the yrarly laxes and assessments which
may be Ievied against the MortRaged Pro~~erty, and lit so rryuired) one-tweltth o( the yearly premiums (or insuran~•e
thereon. The amount of such taxes. :tssessments and premiums, w•hen unknow~n, shall I~e estirtwted by MortRagee. Such
de~~osits shall lie used by MortRaRee to pay suc•h taYes, aa~c~~ments and prem~ums w~hen due. Any insut(iciency o( such
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