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Home My WebLink About0563 - ~ v ,~~,15 - 1~,a vas MORTGAGE DEED AND SECIJMAGREEME~T 79 wean 3.`~ THIS MORTGAGB DEED (the Mo~~~~ee). dated sa of bbyy~ I~D~tI3 GAZffi and Aid~? S. GilT~, his wife, S. DA and~LVIA~C~OItD~T (hereinafter called Mortgagor) and SUr1 B~IIC ~ I.AIC~ ~'Y . bavins an office at 111 A~lt~, Pbirt Pielr~ce .Florida (Mreinalter called Mortgagee); - WITNESSE'1'H. that is ootaidsratioa of the premises sad in ordes to secure the psya~tt o[ both tbs principal of, and iaterat and arUr other may pwyable on the torte (as hereinafter defined) os this Mortgage sad the performance and ob- esrvance of all of the provisions hereof and of said torte. Mortsagor hereby scants. eeW, warranb, aliens, remises rsieases. x conveys. asdstis, tratyfen, toottsesea and seb over and contirtae onto Mortsagee, all of Mortsasor's estab, tight, title and inbewt in, to and under all that certain reel property situate is St. LUGle County, Florida snore particularly described as follows: - - n..n ~ 0 r o ~ - Fran the Southeast Darner of the West l/2 of the Northwest ],/4 of the 1111 T i3 Novltheast ],/4 of Section 22, P ~ ~ Bast, St. Lucie BIZ Ootaity, Flcs'ida, rtn West aLonq the South lime of the sand Northwest ~ i/4 of the Northeast l,/4 346.67 feet to a point an the Easterly right- m1~ Of-way line for U. S. Highway Ntsober 1, thence rtn No~rttlr~esterly along ~ said right-of-way line 112.53 feet to the point of begirlhing, °thence continue Northwesterly slang said right-of-~~ely 7.ine 100 feet, thence rtaL East ~aralLel with the South line of said Northwest 1,/4 of the v+r . Nort2~east ].,/4 a c3istanoe of 300 feet, thence rtn Southea8terl~y 99.99 feet to a point that is 300 feet Bast of the point of beginning, thence u' ~ 3 Z3 Yun West 300 feet to the point of beginning. o ' O o Q t~D TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, appliances, apparatus, equipment. heatins 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 connection with the complete and comfortable use, occupancy, or operation of said real property. alt licenses and permits used or required in connection with the use of said real property, ail leases of said real property now or hereafter entered into and all right, title and interest of Mortgagor thereunder. including without limitation, cash or securi- ties deposited thereunder pursuant to said leases. and all rents. issues, pra~eeds, and Profits accruing from said real property and together with all praxeds of the rnnversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims. including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property. tangible and intangible personal property hereinafter referred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foregoing described tangible and intangible perso'hal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditamenfs and appurtenances thereunto belonging or in anywise appertaining and the reversion and reven?ions 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 same, and every part thereof, with the appurtenances of Mortgagor in and to the same. and every pert and parcel thereof unto Mortgagee. - Mortgagor warrants that it has a good and marketable title to an indefeasible [ee 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 f manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will [orever warrant ~ and defend the same to Mortgagee and will forever warrant 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 such 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 lien of this Mortgage or to facilitate We performance of the terms hereof. - PROVIDI}D, HOWEVER, that it Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of i 10Q • • ~ as evidenced by that certain 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 soma advanced by Mortgagee to or on behalf of Mortgagoipu89 nt to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being NOVelnber 1, J , an,t shall perform all other covenants and conditions of tbe Note, all of the terms of which Nole are inrntporwted herein by reference as though set forth fully here- in, and of any renewal, extension or moditication,~thereot and of this Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. Mortgagor further rnnvenants and agrees with Mortgagee as follows: 1. To pay all sums, including interest secured 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 Modgagce'a aforesaid principal o[tice, or at such other place as Mortgagee may designate in writing. 2. To pay when due, and without. requiring any notice from Morttagee, 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 against the Mortgaged Property. 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- gether wiW and in addition to interest and principal, of a sum equal to one-twelfth of the yearly faxes and assessments which may be levied against the Mortgaged Property, and (if so required) one-twelfth of the yearly premiums for insurance thereon. The amount of such tazeati assessments and premiums, when unkmwn, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such ~OMLO: '2~•~~ • pA~MT OF TARE! -1- OiK ON CLAt= '0' YRAl101NA lERttiMi PsiOPEAnr ~ tYpWANT TO GIA?TER 71.134, ACTt OF X71. ~ an~x~~.5 PAGE W1 tt~ POITOAS 1 ca~li cectl i>L t+1C~ ~,11i ~ ~