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MORTGAGE DEED AND SECURITY AGREEMENTG~~~~$', /
THIS MORTGAGE DEED (the Mortgage), dated as of ALa ,ct 31 , 18 Z2 , by and between t
C. 8. Gritnsley, a single adult 1
thereinat:er called Mortgagor) ar?d S~ ggnk of St. Lucie County ..having an
office at Ft. Pierce ,Florida (hereinafter called Mortgagee):
WITNESSETH, that in rnnsideration of the premises and in order to secure the payment of both the principal of, and ~
interest and any other sums payable on the note (as hereinafter defined) or this Mortgage and the pgrtormance and ob-
servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases,
conveys, assigns, transfers, mortgages and seta over and confirms 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 particularly
doscribed as follows:
Lot 25, Block 1, PLAT OF CLYDE KILLERS ADDITION, according to
the Plat thereof, on file in,,Plat Book 4, page 73, of the
public Records of St. Lucie Cotmty, Florida
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TOGETHER WITH all improvements now or hereafter located on s:+id real property and all fixtures, appliances,
apl+aratua, equipment, heating and air conditioning equipment, machinery and articles of personal property and ret+lacement
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, occulk-+ncy, or operation of said real property, all
licenses and permits used or required in connection with the use of s:+id real pro{+erty, 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 ses•uri-
ties deposited thereunder pursuant to said leases, :+nd :+II rents, issues, Proceeds, and profits accruing from said re:+l l+rotxrty
and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquid:+tesl
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 describes) tangible and intangible I~etsanal property-
TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments :+nd
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 wh:+tscever, as
well in law as in equity, of Mortgagor :+nd unto fhe s:+me, and every part thereof, with the appurtenances of Mortgagor in
and to the s:+me, and every part and tu+mel thereof unto 1\torigagee.
i Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the Atortgagest Proterty
subject to no lien, charge or encumbrance except such as Mortgagrs• has agreed to accept in writing and Z\7ortgagor covenants i
that this Mortgage is :tnd will ren+:+in a valid and enforceable first mortgage on the Mortgaged Property subjes•t only to the
~ exs•eptions herein provided. Mortgagor has full pow~cr and lawful authority to mortgage the Mortgaged Prot+erty in the
manner :+nd Corm herein dune or intended hereafter to be done. itlorigagor will Inesene such title and will forever warrant
and defend the same to Mortgagee and will forever warrant :rod defend the validity and priority of the lien hereof against
s the claims of all t?ersons and parties whomsoever.
Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, execute, acknowledge :+nd deliver all
:+nd every such further arts, deeds, convey:+nces, morig:+ges, :+ssignm~nts, notis•es of assignment, transfers and asgur.+nces as
Mortgagee shall from time to time require in order to presenv_ fhe priority of the lien of this Mortgage or to facilitate the
t+ertorm:+nce of the terms hereof.
PROVIDED, HOWEVER, that if Mortgagor shall lx+y to I~torigagee the indehtednesg in the principal sum of
a 4.234_65 as evidenced by that certain promissory note Ithe Note1, of even date herewith, executed by
Mortgagor and p:+yable to order of I`lortgagee, with interest and ulxrn the terms as provided therein. =+nd together with all
other sums advans•ed by Mortgagee to or on behalf of Mortg:+gor l~unu:+nt to the Note or this Mortg:+ge, the (ins! maturity
date of the Note and this Mortgage being August 30, 1984 ,and shall perform all other covenants and
conclitions 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 shalt cease and terminate.
~ 141origagor further convenants and agrees with MorlKaQee as follows:
1. To pay all sums, including interest ses•ured hereby when due, :+s prodded for in the Note and any renewal, extension
or modification thereof and in this Mortgage, all such sums fo be payable in lawful money of the United States of America
at Mortgagee's aforesaid principa{ office, or at such other place as Mortgagee may designate in writing.
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2. To pay when due, and without requiring any notice tram 1lforigagee, all taxes, assessments of any type or nature
and other charges levied or assessed against the 141origaged Property or this Mortgage and produce receipts therefor upon
~ demand. To immediately t+ay and discharge any claim, lien or ens.umbr.+nce against the Mortgaged Property which may be
or become sut+erior to this Mortgage and to lxrmit no default or delinquency on any other lien, encumbrance or charge
:+gainst the Mortgaged Property.
3. It required by 1~lorigage+•, to also rn:+ke monthly delwsits with Mortgagee, in anon-interest bearing account, to-
gether with and in addition to interest and princip:l, o(a sum equal to one-twelfth of the yearly taxes and assessments whis•h
may he levied against the Mortgaged Property, and (i( so required) one-twelfth of the yearly premiums for insurance
thereon. The :+mount o[ such taxes, :assessments and tremiums, when unknown, shall be estimated by Mortgagee. Such
deposits shall he used by Mortgagee to W+y such taxes, :+sssssments and premiums when due. Any insufficiency of such
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~'~r3~.8 ~~~E1948