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HomeMy WebLinkAbout1754 ~ ~3 ~ ~ 3;~ 3i ? - (.a~) 451318 ; ~ . , ~ , j~, v s ' MORTGAGE DEED AND SECURITY AGREEMENT~I s 3~ G~ TH1S MOR'IY'AGE DEED (the Moriguge), deted aa o( June 29 , te 79 , by und betwern Harriette S. Kashinton (hereinntter called Mortgngor) nnd Sun Bdnk of St. LuCie COUnty , havi~g un ottice at ~pll~•O~xg8'AF~nupierce, FL 33450 & R , Florida (heminafte~ culled Morl a eel : WITNE33BTH, that in consideration ot the premisea and in order to secure the payrt~ent of both the principal ot, a~d interast at~d any other sums payaWe on the note las hereinatter defined) or this I~lortgage and the performance pnd ob- servance ot aq ot the provisions hereot and ot aaid nate, Mort6agot hereby granta, selis, warrunts, eliena, remieea, releuses, conveys, a~igns. transters, mortgages and seb over and rnnfirms unto Mortgngee, all of Mortgagor a eatate, riRht, title and inter~t in. to and under all that certain real property situate in St. LuCie County, Floridu more ~xi~ticularly described as tollows: The West 46 feet of the South 150 feet of Lot 10, H.A, WALLACE SUBDNISION, accordinq to plat thereof~ as recorded in Plat Book 3, page 82, of the-Public Records of St. Lucie County, Florida. f--. i C y~ ` • RECEIYEp i $~•~I C..J F-1 ~:_._i ~ 1!1 PAYIifHT OF TAIfEs ~~UM~ENIAR - $T.A MP ! ~ DGEcON CLASS ~c' tt~r~s;s'StE P~~.:c°'t ~;~~te ' : r!~vf!2V; : , , ~ CS Ft;~.,u%.lli 70 Cli'3TF:. Tl', _ ' ~ L~ '7. t'7~ ~ 1 ' ~ji:-- j ::ri, ~?•r~ ~ 5 f I ct.;~ r3..::v:T ciw.;r s7. t,-:~, - - ~ ~ , ll ~Ar ~ TO('ETHER WITH all improvemenls now or herca(ter la~ated on s~id n:~l pro~~erty and a0 fixtures, appliani•es, apparatua, equipment, heating and air conditioning equi~rment, machinery aind articles of {?ersonal property :?nd re~~l:icement thereof (other than those owned by lessees ot said mal pro{~erty) now or hereatter a((ixed to, attached to, placed upon, or used in any way in connection with the complete and comfoHable use, occu~~:~ncy, or o~~eration ot said real pro{~erty. :~II lirnnses and permils used or required in connection with the use of said real ~~mperty, all leases of said real property now or herea(ter entered into and ull right, title and interest o( Mort~or thereunder, in~•luding without limitation, cash or sei•uri- ties deposited thernunder pursuant to said teases, and ull rents, issues, pro~reds, :ind profits accruing Irom said reul pro~xrty . and together with all proceeds of the con~~eraiun, ~•oluntary or in~•oluntary ot :iny ot the (oregoing into cash or liquid:ded claims, including without limitation, proceeds of iresurance and condemnatinn awnrds (the foregoinR said mal pro{xrty, tangible and intanRible personal properly hereirwfter rrferred to :is the Mortgagrd Pro~~erty). R'lortg:+gor hereby Kr.~nt~ to Morigagee a security interest in the toregoing descril~ed turtgible and intanRible ~?er.sonul property. TO HAVF. AND TO HOI:D the I14ortgaged Pro~~erty, together w~ith all :~nd sin~ular the tenements, hen-~litaments and appurtennnces thereunto 1?elonging or in anywise appertaininR :~nd the recersion and reversions thereof and all Ihe est~te, riRht, title, interest, homestead, dower ~nd right ot dower, Separate est~te, ~~ossession, claim and demand whatsoe~~er, :is wel) in law as in eq~ity, ot Mortgagor and unto the same, :~nd every part therc~f, w•ilh the appurtenances of 1~4ortRaQor in ! and to the xF~me, and e~•ery part and ~wrc•el thereof unto MortKaQce. ,i Mortgagor wurrants that it has a ge?od and marketable tiUe tu an indefeasible te~• estate in ihr :~1ortRaRtKI ['ro~n•rty ~ subjec•t to no lien, charge or encumbr~nc-e except such as Mortg;igEr has :iKrrc~cl to ac~•ept in K•riting and MurtQa~or co~~ena~its C that lhis Mortqage is and will rem~in a valid and enforceable first morl~aRf• on the hlortQaRed Pro~~erty subject only to the ~ exceptions herein pmvided. Mortgagor has full ~~wer and law(ul uuthority to mort~age the Mortgaged Yro~~erty in the ~ manner ~nd torm herein done or intended hereafler to be done. MortRaRor will preserve such title and will lore~•er warrant E and defend the same to MortRa~ee and will fore~•er warrnnt and defencl thP validity and priority o( the lien hereo( aRainst ` the cl~ima of all ~~erson~ xnd ~x~rties w~homsoe~er. t ~ Mortgagor will, at the cost o( l~lortgagor, and without ex~xnse fo A1ortRaRee, do, exr~•ute, acknowledRr :ind deli~•er a~l and e~•ery such turiher s~ets, deeds, conveyances, mortR.iRes, asviQnments, noticrs o( assiRnment, transfers and as.sur.~n<•es as Mortqagee shal) (rom lime to time mquire in order to prc~xc~n•e the priorily of the liPn of this 11'IortR:~Qe or ro facilitate the ~~erformance of the terma hereof. PROVIDED, HOWEVER, that if MortKa~or shall pay to 'ltortQ:~Kec~ th~~ indebtednecg in the principal sum u( a 12~657.21 ~~g e~•~denced by that cert:~in promi~.~ory note Ithe Note1, o( e~~en date herew•ith, exe~•ut~~d by . Morlgagor and Fwyable to order o( MortKaRee, with intemst :md u~~n the terms as pm~•ided therein, and tuRether v~~ith all other sums advanced hy MortRagee to or on t?ehalt o! Mo Qa gor~p nuanf b the Note or this MortRa~~, the (inal m:~turih~ date the Note and this !~tortgaRe t?einR July jy~1 , and shall ~~erform all other i•m•enants :+nd conditions of the 1liote, all o( the terms o( which Note are ini•orywrated herein by reference as thouRh set torth (ully here- in, and of any renewal. ~xtension nr mrxlifi~•ation, thPre~t and of this Aiorl~;aKe, then this A1ortQ:~g~ and the estat~ hernhy ~ reat~d shall ce:~se and terminate. ~ MortRaRor further c~nvenunts :~nd :~Rreea with AToriR:~Ree:+s follow•g: ~ L To ~~y all sums, includinR interest sc~vred hereby when due. :~s provided tor in the Note and any renew~al, extension ~ ~?r moditication thereof and in this 1~1ortRaRe, all such sums to t~e p:?yable in law(ul mun~y ot the L?nit~d States nf Ameri~~:~ ~ at MortRaRee a afores:~id princ•ipal o(fii-e, or at Ku~•h other place ax 11or1Kaxcr m:~y desiQnate ~n w•ritinR. ~ ti 2. To {wy when due, and without requiring any noti~•e (rom MortQagee, all taxea, .~ssessments o( any ty~~e or naturt~ ~ and other ~•harges levic~d or assessc~l against the MurtRaged Pro~~erty or this AlortgaKe and produ~•e receipls lherefor u~wn ~ demand. To immedialely pay and discharge any claim, lien or encumbrance against the 1lorigaged Yro~xrly w•hi~•h may I~ ~ or hecome superior to this MortgaRe ~+nd to perniit no default or delinquency on any other lien, encumbram•e or e•harg~~ ~ :~KainRt the MortRaK~~cl Pro{~erty. ~ ~ 3. If r uired b Mort ~ c~r, to al~ m:ikF munthly de x?sits v~•ith ~tort iKre, in a~ non-inferest !?e:~rin ~~~count, to- e4 Y K~ K 1 K~ R~ grther with .~nd in :~ddition to interest and prin~•iE~:~l, ot a s~m ryual to one-twelfth of the yearly taxea and assessments which may be levied a(Winst the Mortg:~ged Property, and lif eio reyuirecl) one-twelfth of the yearly premiums for insur.ince ~ therPOn. The amount of suc•h taxrg, asesessmrnts and premiums, n•hen unknow•n, shall be estimated by htortgagee. Such de~x~aits aFwll he usecl by MortRaRee to p:~y su~~h taY~~, as~essments and premiuma when due. Any insutticiene•y of such ~ ' ~ a ~~~r~1~ P~Gt1~~ ~ ~