Loading...
HomeMy WebLinkAbout1895 _ ..-r .~.v..~- ~ i_ lq' 4ssio~ MORTGAGE DEED AND SECURITY AGREE ENT - • ~3~~ ~ tt~ THIS MORTGAG$ A.S$A (the Mortgage), dated as of A~33@t 1~_, 18.~g, by and be?ween WILNIS DARZINS and SONJA DARZINS, hie wife, - (hsreinatter eafkd Moetgetgor) sad SUN -BANK OF ST, LUCIE COUNTY ,having an office ae . ].lI Orange Avenue, P.O. B4u 8, Fbi't Pierce ,Florida (hereinafter called Mortgagee): WITNS888TH. that in consideration o[ the premises and in order to secure the payment of both the principal of, and interest and say other sums psyable on tbs note (as hereinafter defined) or this Mortgage and the performance and ob- servance of all of the provisions hereof acrd of said note, Mortgagor hereby grants, Sella, warrants, aliens, remises, releases, coavsys, aasigrrs, transfers, mortgages and sets over and contarars unto Mortgagee, all of Morigagoi•'s estate, right, title and iatersst iq to urd under ap that certain real property situate in St . Lucie County, Florida more particularly I described as follows: Lot 40, Bieck 54, SOUTH PORT ST. LUCIE, UNIT FIVE, according to the plat thereof as recorded in Plat Book 14, Pages 12, 12A thru 12G, of ~ ~ the Public Records of St. Lucie County, Florida. 1 ' o STATE Q~ FLQFr!C~`~ 1 ,STAMP 1t.~: j • ~ DEPT. OF REYEtiVE ~:_j. ' P.fC[!yE'p s ? 5p.~ M PAriFNi OE TaIIES s,- q ~ o - e8. " auB t S'79 3 • Z, O Q i - t ii = ~Y CIrSS •c' NtTMt6t8CE rpt5t1rt,1L MIOPERjr . J~ - !~1R2 • -:.:1! Tv •ltApiE.t 71-124, ACTS Of ~ ~ "I ~ ABCFR t'0(f1iK t,?.;;K CI~YR GOrItT, iL LNC>E y. t TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, appliances, s apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, placed upon, or used in any way in rnnnection with the complete and comfortable use, occupancy, or operation of said real property, all licenses and permits used or required in. conneMion with. the use of said real property, all leases of said real property now or herea[ter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said teases, and all rents, issues, proceeds, and profits accruing from said real property and together with all proceeds of the rnnversion, voluntary or involuntary of any of the foregoing into cash or liquidated ~ claims, including without limitation, proceeds o[ insurance and rnndemnation awards (the foregoing said real property. tangible and intangible personal property hereinafter re[erred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foregoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with alt and singular the tenements, herrditamenls rind appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead. dower and right of dower, separate estate, possession, claim and demand whatsoever, as well in law as in equity. of Mortgagor and unto the name, and every part thereof, with the appurtenances of Mortgagor in and to the name, and every part and parcel thereof unto Mortgagee. Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the Mortgaged Property subject to no Lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants that this Mortgage is and will remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the exceptions herein provided. Mortgagor has full power and lawful authority to mortgage the Mortgaged. Property in the manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant ~ and defend the same to Mortgagee and will forever warrnnt and defend the validity and priority of the lien hereof against the claims of all persons and parties whomsoever. _ i Mortgagor will, at the cost of Mortgagor. and without expense to Mortgagee, do, execute, acknowledge and deliver all and-every ouch further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee shall from time to time require in order to preserve the priority of the fien of this Mortgage or to facilitate the performance of the terms hereof. P OVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of i28'~00• ~C---" as evidenced drat certain by promissory note (the Note), of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced by Morigagec to or on behalf of IN6rtgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being ,November 101994_ ,and shall perform all other covenants. and conditions of the Note, all of the terms of which Note are incorporated herein by reference as though set forth fully here- in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. Mortgagor further convenants and agrees with Mortgagee as follows: 1. To pay all sums, including interest aerated hereby when due, as provided for in the Note and any renewal, extension or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of America . at Mortgagee's aforesaid principal office, or at such other place as Mortgagee may designate in writing. 2. To pay when due, and without, requiring any notice from Mortgagee, all taxes, assessments of any type or nature and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts therefor upon demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge 1 against the Mortgaged Property. 3. It required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing acrnunt, to- gether with and in addition to interest and principal, of a sum equal to one-twel[th of the yearly taxes and assessments which may 6e levied against the Mortgaged Property, and (if so required) one-twelfth of the yearly premiums for insurance thereon. The amount of such to:es, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such tares, assessments and premiums when due. Any insufficiency of such -1-