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MOR~'~A~GE D ND SECURITY AGREEMENT ~ ~o•ao
THIS MORTGAGE DEED (the Mortgage), dated as of October 11, , 19 79 , by and between
A. L. Lewis and Cola Christine Lewis, his wife
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(hereinafter called Mortgagor) and Sun Bank Of St. Lucie County ,having an
office at 111 Orange Avenue, Fort Pierce, ,Florida Ihereinatter called Mortgagee):
WITNE33ETH, that in consideration of the premises and in order to secure the payment of both the principal ot, and
interest and any other sums payable on the note (as hereinafter defined) or this Mortgage and the per[ormance and ob-
servance o[ all of the provisions hereof and of said note, Mortgagor hereby granb, sells, warrants, aliens, remises, releases,
conveys, assigns, transfers, mortgages and sets over and contirrns unto Mortgagee, all of Mortgagor s estate, right, title and
interest in. to and under all that certain real property situate in St. Lucie County, Florida more 1?articularly t
described as follows:
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Beginning at a point 98 feet South and 520 feet East of the Northwest corner
of Section 31, township 34 South, Range 40 East, run thence East parallel to
the North line of said Section 31 a distance of 182 feet; thence run South
447.5 feet; thence run West 392 feet; thence run North 322.5 feet; thence
run East 210 feet; thence run North 125 feet to the Point of Beginning. ~
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)GCUMENTARY~ ~ ~ STAM_ P TA I
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REVENUE I
RECEIVED >j ~ •.3~ !N idTMiNT OF TAX'_S .c~'::'t-_ Q
1 g DUE Ott CLl.SS •C' INi+.wC 8iE P.4~O;:~L P~rE:i`Y _ = u~T iJ'79 t"~ ~~f ~ ' v O
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~tiflSUANT i0 6HAPTia 71-,~4, ALTS OF ~t~ _ . ~ ~ _ ~ _
aJf~ui f't.1TFAS
CLfAK gRCWT CWRT~ ST. LYGE CO..
TOGETHER WITH all improvements now or hereafter located on s:~id real proheny and all fixtures, appliances,
:ipparatua, 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 connection with the complete and comfortable use, occupancy, or operation of said real property, :ill
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 of Mortgagor thereunder, including without limitation, cash or securi-
ties deposited thereunder pursuant to said leases, and all rents. issues, proceeds, and profits accruing from said real property
and together with all proceeds of the com•ersion, voluntary or involuntary of any of the foregoing into cash or liquidated
claims, including without limitation, prmeeds of insurance and condemnation awards .(the foregoing said real property,
tangible and intangible personal property hereinafter referred to as the Aortgaged Property). Aortgagor 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
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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 Mongagor and unto the same. and every part thereof, with the appurtenances of Mongagor in
and to the same, and every part and Ikin•el thereof unto Mortgagee.
Mongagor warrants that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Yro{~erty
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. Mongagor has full power and lawful authority to mongage the Mortgaged Property in the
!f manner ::nd 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 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 Mongagor, 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 asvurances as
Mortgagee shall tram time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the
t~erformance of the terms hereof.
PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of
s 7149.10 ~ evidenced by that certain promissory note (the Note1, of even date herewith, executed by
Aortgagor and payable to order of Mongagee, with interest :and upon the terms :~s provided therein, and together with all
other sums advanced by Mortgagee to or on behalf of Monger or pursuant to the Note or this Mortgage, the final maturity
date of the Note and this Mongage being October 10, 1~8~ ,and shall perform all other covenants and
conditions of the Note, all of the terms of which Note are incorfwrated herein by reference as though set forth fully here-
in, and of any renewal, extension or modification- thereof ::nd of this Mortgage, then this Mortgage and the estate hereby
created shall cease and terminate.
Mongagor further convenanls and agrees with Mortgagee as follows:
1- To -~Il sums, includin roterest secured hereb when due, as rovided for in the Nole and an renewal, extension
f ICY • g~ Y p Y
or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of America
at Aiortgagee's aforesaid prinripal office, or at such other place as Mortgagee may designate in writing.
2. To pay when due, and without requiring any notice from Aiongagee, all taxes, assessments of any type or nature
aryd other charges levied or assessed against the Mongaged Propeny or this Aortgage and produce receipts therefor upon `
demand. To immediately pay and discharge ::ny 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. r
3. if required by Mong:igee, to also make monthly det~osits with Mortgagee, in anon-interest bearing account, to-
getherwith and in addition to interest and principal, of a sum equal to one-twelfth of the yearly to:es and assessments which
may be levied against the Mortgaged Property, and lit so required) one-twelfth of the yearly premiums for insurance
thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such
deposits shall he used by Mortgagee to pay such taxes, :isgessmenta and premiums when due. Any insufficiency of such
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