The URL can be used to link to this page

Home My WebLink About0269 t' ~ ~ g3~, 3~ 3 ~ ~a~ 4~n423 a 5~,. 3 a MORTGAGE DEED AND SECURITY AGREEMENT ~ o~ 0 ~ 3 ~ THI3 MORTGAGE DEED (the Mortgage), dated as o( JulY 5 , 19 79, h n tween Owen R. Gray and Sally J. Gray, his wife Ihecri~atter called Mortgugor) and Sun Bsnk of St. Lucie COUnty , hav~nq :~n ottice at Ft. Pierce , Floridn (hereinafter cn~led Mortgugeel; WITNE93ETH, that in considerution ot the premieea and in order to secure the payment ot both the principal of, and interest and any other sums peyable on the note (as hereinatter detined) or thia Mortgage and the perforry~ance and ob- aenrence ot all ot the proviaions hereot and ot eaid note, Mortgagor he~eby granta, eells, warrants, aliens, remiaes, releases. conveys, assigns. transters, mortgages and aets over and confirms u~to MStg~~Ci@ot Mortga~ois eatate, riRht, title and interest in, to and under all that certain real property situate in County, Florida more parlicularly described ae tollowe: - Lots 2 and 3, Block 6, J. S. I~EN'S SUBDIVISION, as per plat thereof on file in Plat Book 1, page 41, Public Records of St. Lucie Oounty, Florida. RECElVFD •S III PAYIRM OF TA~ I4: QN CL :SS 'C' ItfTAR6B! E PEF:C~tJ14 PROPER'iY~ ~,~'L ^ ` 2~:.tti i0 .l~:: i. ° 7;- v, X:ti W ql~? ' '~TA?~E ~L~ ca ; f ; ^ : 1 .-_,::.,:s )G~UMENIARI~ STI~M~~ • ~ ;.;:~d,ti~OiAlR~.3i~iE~~~ :~=r: KEVEquE~:~:;~~~=-- - i _ - _ ~ ~i~-: ~ = P= ~a• I 5, 3 0~ . _ s-, - _ 1 T(X'ETHER WITH all improvements now or hema(ter loc.ded on s:~id rea) pro~~erty and aU tixtures, applianceti, apparatua, equipment, heating and air conditioning equipment, mnchinery and articles ot ~~ersonal property and rnplacement thereof (other than those owned by lessees of said real property) now or her~lfter attixed to, attached to, plnced upon, or used in any way in connection with the complete and comtortable use, occu~mncy, or o~~ention of said real ~~roperty, :dl licenaes and permits used or required in connection with the use of said real property, ~ll leases of said real pmperty noN or hereatter entered into and all right, title and intemst o( Mortgagor thereunder, including without limitation, cash or seeuri- ties deposited there~nder pursuant to said leases, and all mnls, issues, proceeds, and pro[its accruing trom s:iid mal propert}• and together with al) proceeds of the conversion, ~•oluntary or involuntary of :~ny of the forngoing into cash or liquidnted claims, including without limitation, proceeds of insurance and condemnation awards (the foregoinR said re:~l ~roE~erty, tangible and intangible personal pru~~erty herein:~fter referred to :~s the Tlortgaged Yro{~erty). 1liortgagor hereby Rrants to Mortgagee a security interesl in the fomgoing descrit~f tangible and intangihle ~~crsonal pro~~erty. TO HAVE AND TO HOLD the MortRaRed Pro~~eHy, tagether with aU and singular the tenements, herecfitaments and appurtenances thereunto belonging or in anywise np~~ertaining and the reversion and mversions thereof and all the estate, right, title, interest, homestead, dower and right o( dower, sepante estate, possession, rl:~im a~d demand whatsoe~•er, as v?el1 in law as in equity, ot MortRa~or and unto the same. .ind evcry ~~art thereof, with the appurtenancc~ nt 111ortR~Ror in nnd to the snme, and every parl and ~~rcel thereof unto Mort~aRee. Mortg~gor warrunls that it h.~s a gaxl and m:~rketable title to an indefeasible (ee estatr in thr MortR:l}:fYI Y~U~Mrty ' subject to no lien, charge or encumbranc•e ezcept such as MorigaRee hus aRreed to a~•cept in writinR and T1ortKa~or ~•~~•enants ~ Ihat this Mortgage is and will remnin a~~alid and enforceahle first mortRaRe on the Mort~aged Pro~~erty subjec•t only to the { exceptions herein provided. MortgaKor hxs fuU power and lawful authority to mortgage the Mortgaged Prc~{~erty in the E manner and (orm herein done or intended hereafter to be done. Mortgaxor will preserve such title and will (orever wurr.~nt ~ and detend the same to MortAagee and vrill (orever warr:~nt :md defend the v~lidity s~nd priority o( the lien hercY?f :~Rain~t i the ~•laims ot all ~~ersons and parties whom~~e~~er. " E Mortgngor will, at the cost ot htortgaqor, .~nd without ex~~ense to MortgaRee, do, execute, acknow•IedRe ~nd deli~•er all and every such furlher :lcts, deeds, comeyances, mortKa~es, asgiRnments, notices o( assiKnment, transfers :rod assur.mces as 114ortgagee shall from time to time rPquire in order to presen•e the priority of the lien of this 1VIortQaRe or to facilitate the pertormance of the terms hereof. YROVIDED, HOWF.VER, thut if Mort~:~Ror sh:~ll pay to Tiort~aRee th~• indehtedneca in the principal sum u( ~ 10~191.43 as evidenced by that cert:~in ~~mmicsary note (the Notel, of e~•en datc herewith, exec-utcYl b~ Morigagor and ~~yable to order of b1orlRagee, with interest :ind u{xin the terms :~s provided therein, and toRether v~~ith all ~ other sums ad~~anced by Morigagee to or on liehal( of MortRaRor ~urxuant to the Note or this MortRa~e, the final maturity ~ date o( the Note and this Mortgage t?einR July 6, 19~0 ~hall ~~er(orm all other coven:~nts and ~ ~~oncl.ition.s ot the Note, all of the lerms of which Note are in~•or~x?r~ted herein by mference as though set forth ~uUy here- " in_ and of nny rnnewal, extension or m~i(i~:~tion, therf•o( :~nd of this MorlQaQe, then this 14torlR.iP,P :md the estat~ hereby ~ ~•rnated shal) ~~ease and terminate. ~ Mortgagor (urt~~er converwnts and aRrees with MortRaRee as follows: 1. To pay all sums, includinR interrst se~vrrd herehy when due, as procided for in the Note and any rene~+•al, extension s or modification thereo( and in this MurtRaRe, all such sums to t?e {Hryable in lawtul mone~y of the Ltnited States of Americ:~ ~ al Mortgagee's afores;~id prinripal office, or al su~•h other place as AlortgaRee may desiRnate in writinR. e ~ 2. To pay when due, and w•ilhout requiring any noti~e irom 1lortg~gee, all taxes, ~cse•asments o( any ty~~e or n:iture ~ :ind other charges levied or assessed .igainst the Mortgaged Property or this b3ortgage and produce receipts therefor u~~on ~ demand. To immediately pay and discharge any claim, lien or encumbrnnce against the Alortgaged Pro~~erty v~•hich may tx• : or become su~~erior to this Mortgage and to ~~ermit no detault or delinqu~ncy on any other lien, encumbrance or charge ~ :iKainst the MortgaRed Pro~~erty. ~ ~ 3_ It required by ~1lortgager, to also make monthly deposits with ;~fortgagee. in a non-interest bear~ng account, to- gether with and in addition to ~nterest and principal, o( sum equal tu one-twel(th uf the yearly taxes and assessments which ~ may t?e levied against lhe Mortg.~ged Property, and lif so required) one-tweltth ot the yearly premiums (or insurance thereon. The amount ot such taxes, assessments and premiums, when unknow~n, ehall be estimated by blorlgagee. Such ~ deiwsita shall he used by MonRaRee to ~h~y such taxes, :~ssexsments and premiums when due. Any insu(ficiency of such ~ -1- ~ 30Gr ~AG~ (.UO { ~