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This (n,trument Prepared sy:
4'7244'7 JOF IN A. DARLSON, ESQ.
6ananco, Ve~?son, Damtl b Blwstein, P,A
P. O. Box 2315
+ SECOND 9S9 S. FeCSral Hwy. ~
iwar6 Fl«,a, 13
MORTGAGE DEED
THIS MORTGAGE. executed this .3~• • - • • • . day of `j~~~ A.D., 19.8Q., by
LANNY D. ASHBURN and SHEILA L. ASHBURN, his wife
hereinafter called the Mortgagor, which term shall include singular or plural, corpuration or individuul, and either sex,
and shall include the heirs, legal representatives, successors and assigns of the 11lortgagor, to
AMERICAN BANK OF MARTIN COUNTY,
a State banking corporation organized and existing under the Taws of Florida with its principal place o[ business in
Martin County. Florida, hereinafter called the Mortgagee, which term shall include the successors and assigns o[ 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 ea 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 o[ }
this instrument.
NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several I
sums of money mentioned in the said note does hereby grant, bargain, sell, alien, remise, release. convey and confirm
unto the said Mortgagee, in tee simple forever, the following described land, of which said Mortgagor is now seized and
possessed and in actual possession
situate, lying and being in...$~ ~ufeji@..........County, State o[ Florida, and more particularly described as follows:
Lots 14 and 15, Block 1117, PORT ST. LUCIE, SECTION NINE, according to
the Plat thereof as recorded in Plat Book 12, pages 39, 39A thru 39I, of the
Public Records of St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE
flfl;etlvice : IN fMYllf!1Ff oI
DDE ON CLASS 'C' IMTA96'BlE P:RSuNkI PROP€R~~
_ , PURSUANT TO CHAPTE3 71-:c4, ACTS Of 181.
. _ ~ . _ Ruu~S Pv11 r.,.~
• i : _ =ti,. i_ ; ~ ' _ : _ ~ f - - } PLfItK CIQCINT CWRT, ST. LUiaE CO. NA.
i
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 all fixtures attached
~ thereto, together with all rents, issues and profits aceruing 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 on 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 fee
~ simple forever.
1
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 fee simple and has good right to sell and
convey the same to the Mortgagee: that the said premises are free and discharged of and from all taxes, tax titles or
~ certificates, judgments, mechanics' liens and encumbrances of any nature or kind whatacever and that the Mortgagor
will fully warrant and defend the same to the Mortgagee, against the lawful claims and demands of all persona whom-
soever, and will make such further assurances to perfect fee simple title to said land, in the Mortgagee, as may reason,
ably be required, 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 effect of the said note.
2. That the Mortgagor will pay all and singular the taxes, assessments, levies, and encumbrances o[ 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 I11ort-
gagee on or before March 1st of each succeeding year during the term of this mortgage; and if same be not promptly
paid when due, the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any lawful evi-
dente thereof, or certificate therefor, without waiving or affecting any right hereunder and in thin mortgage, or the said
note which this mortgage secures: and such payments or expenditures ao 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
i mortgage insured as may be required from time to time by the Mortgagee against loss by Ere, windstorm and other
[ hazards, casualties and contingencies [or such periods and for not leas 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 Mortgagor 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-insuror 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
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