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HomeMy WebLinkAbout0316 i ~ 45999' 3! MORTGAGE DEED AND SECURITY AGREEMENT THI8 MORTGAGB DEED (the Mortgage), dated as of September 19, ~ 18 79 by and between Henry Glover and Oeaise B. Glover, his wife (hereinafter called Mortgagor) and Scut Bank Of St. Lucie County ,having an office at 111 Orange Avenue, Fort Pierce, ,Florida (hereinafter called Mortgagee); WITNI's3SETH,.that in consideration of the premises and in order to secure the payment of both the principal of, and interest and any other auras payable on the mote (as hereinafter defined) or this Mortgage and the per[osmance and ob- servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warn:;nta, aliens, remises, releases, conveys, assigns, transten, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, right, title and interest ia; to and under all that certain real property situate in St. Lucie Couniy, Florida more particularly described as follows: Lots 3, 4, and 5, BLOCK 18, SUNLAND GARDENS, according to the Plat thereof, as recorded in Plat Book Page -32r of the Public Records - of St. Lucie County, Florida. _ ~ ao _ _ flecsised ~ 4,0 7 In Rayrnent Ot Taxes 7' n STATE. o t= F L O R I D ~ ~ cue On Mass Intanpible_Penonal Property DOCUMENTARY 5T!?.MP ~l~X ~ - oz ti ` Wrtwsnt To Chapter 71, 134, Atq Of 1971. c'~ DEPT. Of REVENUE ' ~ _ - ROGER POITRAS ~ ee- ~ ~ Clary tarcuit Court, St. Lucie, Co., Ell,. TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, appliances, 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 com[ortabte use, occupancy, or operation of said reai property, all licenses and permits used or required in connection with the use of said real property, all leases of-said real property now or hereafter entered into and all right, title and interest nf-Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said leases, and all rents. issues. proceeds. and profile accruing from said real property and together with all proceeds of the conversion, 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 personal property. TO HAVE AND TO HOLD the Mortgaged Property,- together with all and singular the tenements, hereditaments and 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 I1Sortgagor and unto the same, and every part thereof, with the appurtenances of t?iortgagor in ` and to the same, and every part and parcel thereo[ unto Mortgagee. ~ Mortgagoi warrants that it has a good and marketable title to an indetersihle 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 ezceptions 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 defer~l 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. _ , Mortgagor will, at the cost of Mortgagor, and without ezpense to Mortgagee, do, execute, acknowledge and deliver all and every such further acts, deeds, rnnveyances, mortgages, assignments, nolice3 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 the - performance of the terms hereof. { i PROVIDED, HOWEVER, the! if Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of 3 5, 034_15 ~ evidenced try that certain promissory note (the Note), of even date herewith, ezecuted 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 Mortgagee to or on behalf of Mortgga or pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being Sept. 15, 195 - ,and shall perform all other covenants and conditions o[ the Note, all of the tarns 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. Mortgago{fnFther converrants and agrees-with Mortgagee as-foltows: - 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, ail 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 1liortgage 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. It. required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- gether with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly fazes and assessments which may be levied against the Mortgaged Property, and (it so required) one-twelfth o[ the yearly premiums for insurance thereon. The amount of such faxes, assessments and premiums, when unknown, 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 TN(S iPr':iT?U' :::T ; :a:'k.•~EO RV Sun Bard; s ~~.;7.; Coonty ex M~~ ..ate.. nx ORT PIERCE, FLORIDA S;l;fK 3~ ! PAuf 11? Sl)I~TU ccrnun