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HomeMy WebLinkAbout2084 i ' ; f 4s~41 MORTGAGE DEED THIS MORTGAGE, executed this 5th day o[ OrrtObe>:' A.D., l9 7 9 . , by GENE ANDREWS ~ a single man hereinafter called the Mortgagor, which term shall include singular or plural, corporntion or individual, and either sex, and shall include the heir, legal representatives, aucreasora and assigns of the 1liortgugor, to i AMERICAN BANK OF MARTIN COUNTY, ~ t a State banking corporation organized and existing under the laws of Florida with its principal blare of business in Martin County. Florida, hereinafter called the Mortgagee, which term shall include the successors and assigns of the said Mortgagee. WITNESSETH THAT, WHEREAS, the Mortgagor has received a loan from the Mortgagee and is justly indebted ' to the Mortgagee, which indebtedness is hereby acknowledged and is evidenced by a certain promissory note, a copy of which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made a part of this inatrurnent. NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several sums of money mentioned in fhe raid nose does hereby grant, bargain, se!!, alien, rwmiae, release, convey and confirm i unto the said Mortgagee, in fee simple forever, the following described land, of which said Mortgagor is now seized and possessed and in actual possession situate, lying and- being in.. , St. ~ ..LUC.j.(' , ...County, State of Florida, and more particularly described as follows: Lot 2, Block 115, of SOUTH PORT ST. LUCIE UNIT FOUR, a subdivision according to the Plat thereof, recorded in Plat Book 13, page 11, of the Public Records of St. Lucie County , Florida . - DO_~_i1MENTA_it_`•'.-''-r.,tS7AMP it.x ~ ~ i~EPF :;F FEYEhUf :'~''+~`-':5. ~ % - = u ~ -fig-, ; = ~ RECElVEO S ~3• ~ %N PA~64~'iT Of TAX'S DOE (}H CL .c 5 •C' l~ i~:~G 'sii. P. r.:•:i•:' l PrQFE1TY. CHICAGO TITLE INS. CO. PORSJ1xIT TO :N:'T. 4 a-±-~, ;+~as cf Carla Elbrecl:t FIT; ~ CLERK CITiCOiT COUZT, Si. LU.:tE CO, FLA. 555 COLORADO AYE. -SUITE 4 STUART, FLORIDA 33494 1 TOGETHER WITH all and singular the tenements, heriditaments and appurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and hereafter on said land and sit fixtures attached thereto, together with all rents, issues and profits accruing from said premises and all gas, steam, electric, water, plumb- ing. lighting, ventilating, heating and cooling systems, which now are or may be in or an said premises though they " be detached or detachable, including but not limited to all refrigerators, stoves, ovens, appliances and carpets and all additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachments and parts thereof, and any additions, extensions or betterments of, in or to the buildings now or hereafter erected on the said premises. TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee, in tee simple forever. AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows: 1. That the Mortgagor is lawfully seized of the above described premises in tee simple and has good right to sell and convey the same to the Mortgagee: that the said premises are tree and discharged of and from all taxes, tax titles or certificates, judgments, mechanics liens and encumbrances of any nature or kind whatsoever and that the Mortgagor wi{! fully warrant and defend the same to the Mortgagee, against the lawful claims and demands of all persona whom- soever, and will make ouch further assurances to perfect tee simple title to said land, in the Mortgagee, as may reason- ably berequired, and will pay the several sums of money agreed in the said note to be paid and all installments of prin- cipal and interest thereon promptly when due, and according to the true tenor and etiect of the said note. 2. Thaf the Mortgagor will pay ail and singular the fazes, assessments, levies, and encumbranres of every nature on the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof and receipts evidencing payment of said taxes, assessments, levies and encumbrances shall be deposited with the Mort- gagee on or before March tat of each succeeding year during the term of this mortgage: and it same be not promptly paid when due, the Mortgagee may (without obligation to do ao) pay the same, or become purchaser of any lawful evr- dente thereof, or certificate therefor, without waiving or affecting any right hereunder and in this mortgage, or the said note which this mortgage secures: and such payments or expenditures so made shall bear interest from the date thereof at the highest legal rate. 3. That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this ~ mortgage insured as may be required tram time to time by the I?iortgagee against loss by fire, windstorm and other hazards, casualties and contingencies for such periods and for not less than such amounts as may be required by the Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of only the minimum amounts for which said insurance shall be written and it shall be incumbent upon the 1liortgagor to maintain such additional insurance as may be necessary to meet and comply fully with all co-insurance requirements contained in said policies to the end that said Mortgagor is not a co-inauror thereunder. Insurance shall be written by a company or companies approved by the Mortgagee and all policies and renewals thereof shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and ~o~ 3i8 ~~21~?8