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HomeMy WebLinkAbout0385 - ~s~.834 ~ i Southeast Bans Iqe~~ • Due On Claefr "C iflt<Mt041f11 tiMnM h~M. MORTGAGE PurfwaM To Cftols~ 71.1lirwM~011A1• . ~ooa ~r~~ Clerk Ctwk Couft, M. L+wi~r Oa• ~ THIS MORTGAGE. executed th~s_ 2~th day of~P~ tPmhPr 19_Z9_at MLdI)1? - - _ Florida by _-Albert J. Gilson - of the f,rst part. hereinafter called the Mortgagor. whtch term es used herein in every instance shall include the Mortgagor's heirs. executors. administrators. successors. legal representatives and assigns. including all subsequent grantees. either voluntary by aft of the parties or involuntary by operation of law. and s:,all denote the singular and/or plural. and the masculine and/or feminine. and natural and/or artificial persons, whenever and wherever the context so re- ,~uires or admits. to Southeast First National Bank of Miami a Wanking essoc~ation. of the second part. hereinaher called the Mortgagee. which term as used herein m every instance shall include the Mortgagee's successors. legal representatives and assigns. including all subsequen! assignees. either voluntary by act of the parties or involuntary by operation of law. W I T N E S S E T H THAT for divers good and valuable considerations. and also to secure the payment of the aggregate sum of money named in the promissory note of even date herewith. hereinaher mentioned. together with interest thereon. and all other sums of money secured hereby as hereinafter provided. the R1o~tgagor does grant. bargain. sell. alien. remise. release. convey and confirm unto the Mortgagee. in fee simple. A l the following land: 1) Maravilla Gardens S/D -Unit Three E 500 Ft. of S 130.58 Ft. of ?got 166 and E 54C~Ft, of N, 1Q0 Ft. of Lot 167 -Less S 45 Ft. of E. 107.6 Ft. and less S 40 Ft. of W 393.24 Ft. Plat Book 6, Page. 62, St. Lucie County, Florida 2) Marvilla Gardens S/D -Unit Three BCG. at NE Cor of Lot 166, TH RUN S 139.43 Ft. to N. Line SPUR TRACT R/W TH WLY Following SAID R/W 975.26 Ft., TH N 139.43 Ft. to N. Line Lot 166, TH E 977.72 Ft. to POB (8) Plat Book 6, Page F2, St. Lucie County, rlorida This instrument was prepared by Thomas M. Molitor, Southeast First National Bank of Miami, 100 S. Biscayne Blvd:, Miami, Florida 33131 Q All buildings. structures. and improvements of every nature whatsoever now or hereafter situated on the said property. and all furniture. furnishings. mai:hinery. egwpment. inventory and materials on S,te. and personal property of every nature whatsoever now or hereafter owned by the Mort- ,••and located in. on. or used or intended to be used in connection with or with the operation of said property. buildings. structures or other improve- • ~ a ;+~cluding all extensions. additions, improvements, betterments. renewals and replacements to any of the foregoing, and all of the right. flee and sr of the Mortgagor in any such personal property or fixtures subject to a conditional sales contract. chattel mortgage or snider hen or clam together j ••~e benefit of any deposits or payments now or hereafter made by the mortgagor or on its behalf f ~ Together with all and singular the tenements. hereditaments. easements and appurtenances thereunto belonging. or in any wise appertaining. ar+.d the E ~~~s issues. and profits thereof, and also all the estate. right, title. interest and all claims and demands whatsoever. as well in law as in egwty. of said :"::•tgagor in and to the same. and every part and parcel thereof. and also specifically but not by way of limitation all gas and electric fixtures. radiators. I E ^eaters water pumps. air conditioning equipment. machinery. boilers, ranges. elevators and motors. bath tubs. sinks. water closets, water basins. pipes. ~ ~..~ets and other plumbing and heating fixtures. mantels. refrigerating plants and ice boxes. window screens. screen doors. venetian blinds. cornices. storm S ~..rte~; and awnings. which are now or may hereaher pertain to or be used with. in or on said premises. even though they be detached or detachable. are and ~r, 3 be deemed to be fixtures and accessories to the freehold and a part of the realty 4 ~ "O HAVE AND TO HOLD the same. together with the tenements. hereditaments and appurtenances thereunto belonging. and the rents.. issues and • ;s thereof. unto the said Mortgagee. f Tne said Mortgagor hereby covenants with the sa!d Mortgagee that tie said Mortgagor is irde(easibly seized with the absolute and fee simple title to eroperty. and has full power and 13wful authority to sell. convey. transfer and mortgage the same: that rt shall be lawful at any Ume hereafter for the .,~~tgag~e to peaceably and gwetly enter upon. have. hold and enjoy said property. and every part thereof: that said property is free and discharged from al! '-:~s encumbrances and claims of any kirtd. including taxes and assessments. except those that may be set out above or hereinafter, that the Mortgagor will .-,era at Mortgagor's expense and at no expense to Mortgagee such other and further assurances to perfect the fee simple title to Said land. fixtures and per- ai property in the Mortgagee as may hereafter be required: and that the Mortgagor hereby fully warrants unto the Mortgagee the tide to said property and `r defend the same against the law`uI claims and demands of all persons whomsoever. NOW. THEREFORE. the cond+tions of this. mortgage are such that it the Mortgagor shall well and truly pay unto the Mortgagee the :•-otedness evidenced by that certain promissory note of even date herewith, made by the Mortgagor and payable to the Mortgagee rn the p•~c~pal sum or Two hundred fifty-four thousand nine hundred >7~nety-nine and 70/1pQ1e final ~yment of which ~s due on March 31, 1980 ,together with any note or notes hereaher executed by the Mortgagor •re~nby and in accordance with paragraph sixteen of this mortgage as hereinafter set forth and secured by the hen of this mortgage. together with interest as - ~ ?~n stated. and shall perform. comply with and abide by each artd every the stipulations. agreements, conditions and covenants contained and set forth in s mortgage and .n the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and void a AND, the Mortgagor does hereby covenant and agree. z 1 To perform, comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set forth in said •om,ssory note or notes. this mortgage and. if applicable. the loan agreement between the Mortgagee and Mortgagor. x 2 To pay the indebtedness secured by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or any renewal thereof. promptly on the day or days the same severally become due ~ 3. To pay. before becoming delinquent. all obligations, encumbrances. taxes. assessments. paving. sidewalk. sanitary and other assessments. levees .ens. now or hereaher levied or imposed upon or against the mortgaged property. and to exhibit to the Mortgagee before such taxes, assessments. "ens and encumbrances become delinquent the official receipts for payment thereof. and if the same or any part thereof be not paid before becoming relmquent the Mortgagee may at any time pay the same with accrued interest and charges. rf any, without waiving or affecnng Mortgagee s option to `e•ei.lose this mortgage. o? any right hereunder, and every payment so made shall bear interest from the date thereof at the highest rate authorized by law aid all such payments with interest shall be secured by the hen hereof 6 5-MTG-17 (11/75) M 06054-015 ) ~~y~y pp