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Home My WebLink About1758 ~ ~ 3u ~ - } ~ 451:319 _ . . :~~C~.,(° ~ MORTGAGE DEED AND SECURITY AGREEMENT o~ ; Mo e dated as oi Jutle 27 , 19 79 , by an tietween TH[S MORTGAGB DEED (the rtaas Frances 1~lorris, an uaremarried widoW '(hereinatter cnlled Morigagor) nnd SuA Bank Of St. LuC~@ COUAty , . huving :in , oitice at 111 Orange Ave. ~ FC. Pierce , Flori~~ (hereinatter culled Mortgugee): y WITNE33ETH, that in considemtion ot the premises and in order !o secure the payment o( tath the principal of, and ~ interest and any other sums payable on /he note las hereina(ter detined) or this Mortgage and the per[ormance and ob- aervance ot all ot the proviaions hereot and ot said note, Mortgagor hereby grants, sells, wnrrants, aliens, remises, releusee. conveys, asaigns, transters, mortgagea and sets over and contirn~s unto Mo~tgagee, all ot Mortgagor s cstate, riRht, title and interest in. to and under all that certain reel property situate in St. Lucie County, Florida more ~~r1i~~ularly described aa toilows: Lot 10, Block 3, of SUNNY ACRES SUBDIVISION, as per plat thereof recorded in Plat Book 8, at page 25, of the Yublic Records of St. Lucie County, Florida ~~r'`~. f _ ~~-t-E~~FFt~Jr McN:AR'?' STA1~1__~1, , I - : +i=:"" : . VEhU: r ~ ' - I ~{,+O RECFIVED f ,o r~t^!..!;T i'F T.1i(~S 1?'7S •.-ii.. Jr ~ O v. 4 ~ ~ ~ DBE ON CIASS 'C' iNT~s;;'^+t f•; ~ ~ ~ "T 1'. ~ ' PURSJANi 79 CFiA?T~? 71-'. 4, i.i 13'1. - -=`~-V~-~ k::£~R F:IT:.AS CLERK qZCtl(T C4iIRT, ST. LU:SF COy ftA,~ TOGETHER WITH all improvements now or ~hereatter located on s:~id real pro~ierty and ~II (ixtures, applian~r~, ap~~aratua, equipment, heating and air conditioning equipment, machinery and articles o( personal property :ind m~?lacement thereo( iother than those owned by leasees of said real property) now or hereafter a(tixed to, attnched to, placed upon, or used in any way in connection with the complete and comfortable use, occu{~:~ncy, or oper.ition of said real ~~ro~>erty, :~II licenses sind permits used or required in connection with the use ot said rnzil property, all leases of s~id real property now or hereatter entered into nnd all right, title and interest o( Mortg:~gor thereunder, includinR without limitation, cash or u~•uri- ties depoaited thereunder pursuant to s:iid leases, and all rents, issues, prrx-eeds, :~nd profits accruing from s:~id maI pro~xrty and together with all proceecls of the conversion, ~•uluntary or im~uluntary of :iny ot the foregoing into c:ish or liquidated ciaims, including without limitation, proceecls ut insurance and condemn:~tion awards (the foreqoinQ said real property. tangible and intanRible personal pro~~erty heminafter reterred to as the Mortgaged Yroperty). 1~tortRagor hereby Krants to Mortgagee a security interest in the (oregoing describeci tangible and int:u~gible ~xrsonal pro~~erty. TO HAVE AND TO HOLD the Mortgaged Pro~~erty, t~ether with all .ind sinRular the tenements, hemdit:iments :~nd appurtennnces thereunto belonging or in anywise ap~~ertaininR :~nd the reversion and re~~ersions thereuf and all the estafe, riRht, tille, interest, homestead, dower and right ot dower, separate estate, posseasion, claim and demand whatsoever, as ~ well in law as in equity, ot MortRagor and unto fhe snme, and ~very part themuf, M•ith the appurtenances o( I11ortRaRor in i and to the ~ime, and every ~k~rt and tu?r.el thereo( unto MortK:~Ree. Ii MortRagor w-arrints that it has a Qood :~nd m:~rket.ible title to :~n indefeasible (ee rstatr in tht~ ltortRaKed Ym~K~rh• E eubject to no lien, charge or encumbrance except such as rlortgagee has aKn~~l to a~•ce~?t in N•riting and 1~tortRaR~r ~•o~~enants that this 111ortg:~ge is and will mmain a valid and enfor~•eable first morfK:~Re on ihe ~1ortgaRed PmE?erty subje~•t only fo the exceptions herein provicled. Mortgagor h:~s full ~wwer and lawful authority to mortguge the 1NortRaK~d Pro~~erty in tht• manner ~nd form herein done or intended hereafter to be done. MoHRagor wiU preserve such title and will (ornver warrant and detend the same to 11'lortRaRee s+nd wii) forever warrnnt and defend the vt~liditv :~nd priority o( the lien herc~f :~Rainst ~ the i•laims of :~II i~ersons and p:~rties whomsne~•er. Mortgugor will, ut the caat ot Mortgagor, and withuut ex~x~nse fo MortRaKee, do, execute, acknowledRe sind deliver all r and e~•ery such further acts, deeds, conveyan~~, mortRages, .?.ssignments, noti~•es ot astiiRnmrnt, tr<~nsters :~nd assur.inces as Mortgagee shaU from time to timr r~uire in ordPr fo presen~e fhe priority o( thP lien of this I11or1QaRe ~~r ro tacilitate thc pertormance o( !he termis hereof_ PKOVIDED, HOWF.VER, that it Alortga~or shall p:~}• to :~iortKaKee the indehteclnc~s in the principal sum o( a 5~521.44 as evidenced by that crrtain promissory note (the Note), of e~•en dale herewith, executexl by Mortgagor and payable to order of I1lortga~ee, with interest and u{~on the terms as pro~•ided therein, and to~ether with all other sums advanced by MortRaRee lo or on behalf of Mort i or pnrsuant b the Note or this ~4ortQaRe, thc final maturity date nf the Note and this tlortgage beinR June 26~ 19~~ ,.~nd shall ~x~r(orm all other covenants :ind conditions of the Note, :dl of the terms o( w•hich Note are inror~H~ratecf herein by re(erence as thouRh set forth full~• here- in, and of :~ny renewal, pxtension or m~xli(ication. there~~f :~nd of thi~ MortK:~Re, then this AtortKa~F :+nd the c~state hemhy ~~reated ghall cease and terminate. h1ortRaQor turther convenants and aRree~ with b1orlRaRee as (ollowc: ~ ~ 1. To pay a!I sums, includinR interest secured herE:by when due, as pro~•idecl (or in the Note and :~ny mnewal, extension ~ or modification thereof and in this :11ortRa~e, all such sums to t?e {r.~yable in L•ivctul money of the Unifecl tit:~t~s ~f Americ:~ ~ at MortQaqee's ~(oresaid principal ot(i~•e, or at 4u~•h other place as AtortRaRcr may de~iQnate in w•ritinR. ~ ~ 2. To pay when due, and~vithoul requirinR any noLce trom ~lortgeigee, all taxes, .~ssrssments of any ty~~e or nature and other charges tevied or asses.ged againsl the 1~1ortgaged Yro~~erty or this ~lortgage .ind produce receipts therefor uEx~n ~ k drmand. To immediately pay and discharge ~ny claim, lien or encvmbrance against the Alurtgaged Yro~~erty whi~•h may tx• or 1~ecome superior to this MortgaRe and to ~>ermit no defaull or delinyuency on any other licn, encumbran~•e or charQe ~ :~~;ainrt the MortgaRtd Pro~~erty. ~ ~ 3. It required by i~lortRaRc~c~, to also make munthly de~xisits with htortg:~gee, in a non-interest t~aring account, to- f ~ Rether with and in addilion to interc~t and principal, ut a sum eqaal to une-tweltth of the yearly taxes and ~xsesgments which ~ m:ry be le~•ied againat the Aiortgaged Yroperty, and lif so requiredl one-tweltth ot the yearly premiums (or insurance ~ ~ thereon. The :imount o( such taxes, assessments and premiums, when unknown, shall be estimated hy ht~,rtqaRee. Such ~ dP~~osiis ahall he usecl by MortAaRee to ~k~y such t:~xrs, ax~e~ments and premiums when due_ Any insutfeciency of such -t- t~K ~ ~ 312 ~,~E1756 . 0:~~;1