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MORTGAGE DEED AND SEGURtTY• AGREEMENT ~ a • 3 ~ .
THI& MORTGAGE DsT.~tD (the Mortgage), dated as of January 21, ~ 19 80 by and betwren
Hot+ard Liebl and Dorris Lisbl, his wife
(hereinafter called Mortgagor) and Sun Bank of St. Lucie COUhty ~ having an
otfioeat 111 orange Avenue, Fort Pierce, ,Florida(hereiaaftercalledMortgagee);
WITNS3SE'i'H. that in consideration d the precriset and in order to ascarre the payment of both the principal ot, and k
interest and any other auau payable on the rota (as 6ereinatter defined) er this Mortgage and the performance and ob-
servance of all of the provisions hereof sad of said note, Mortgagor hereby wants, sells„ warrants, aliens. remises, releases,
conveys, assigns, trar?sters, mortgages and sett over sad confirms unto Mortgagee. al! a[ Mortgagor's estate, right. title and ` .
L_ i
interest iq to and under all that certain real prrperty situate in S t . UC i e County, Florida more particularly i
described as ioUows: . _ -
Lots I8 and 29, Block 114,. LAICBKOOD PARK, UNTT 9, according to the
Plat thereof, as rec~~rded in Plat 13~ok 11, pages 27A through 270, 1
of the Public Records of St. Lucie County, Florida.
DE'CEMEO f~ M PAYMElft of TAxE!
DIIE 0!1 CLASS 'C' IMTARO!DlE P£RSONAI PROPERTY, ' ~
- fl1RSJAl11 TO WiAPTfR 11-'?~. ACTS Of t!)L
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TOGETHER WITH all improvements now or hereafter Located on said real property and a!I fixtures, appliances,
aPParotu0. equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement
thereof (other than those owned by lessees of said Teal Property) reow or_hereatter atfi:ed 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, all
licensee and permits used or required in connection with the use o[ said real property, all leases of said rea! property now or S
hereafter enter+ad into and all right, title and interrot of Mortgagor thereunder. including without limitation, cash-or aec»ri-- ,
ties deposited thereunder pursuant to .aid leases, and all rents, issues. Proceeds, and proCts accruing tram said rcel property
and together with aU proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated .
claims. including without limitation. proceeds of insurance and condemnation awa~s (the torego:ng said real property, _
tangible and intangible personal f+roperty hereinafter referred to as the Mortgaged Property)_ Mortgagor hereby grants ~ i
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, 6ereditaments and
appurtenances thereunto belonging or in anywise appertaining and the reversion and reveraiona thereof and all the estate, -
right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand wbatsrrwer, as
well in taw as in equity, of Mortgagor arsd unto the name, and every part !hereof, with the appurtenances of Iltortgagor in
and to the same, and every part and parcel thereof unto Mortgagee.
Mortgagor warrants that it bas a good and marketable-title to an indefeasible tee estate in the Mortgaged Proterty
subject to no lien, charge or encumbrance except such as Mortgagee bas 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 sub' only to the
e:captions herein provided. Mortgagor has foil power and lawful authority to mortgage the Mortgaged Property in the
manner and 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 v~homsoever.
Mortgagor will, at the cost of Mortgagor, and without a:pence to Mortgagee, do, a:acute, acknowledge and deliver alI
end every such further acts, deeds, ronveyancea, mortgages, assignments, notices of aasigsunerit, transfers and assurances as
Mortgagee shall from time to time require in order to preaarve the priority of the lien of this Mortgage or to facilitate the
performance of the terms hereof.
PROVIDED, HOWEVER, that it Mortgagor steal) pay to Mortgagee the isrdebtednesa in the principal sum of
= 15 ,179.16 ~ evidenced by that certain promissory note (the Note), of even date herewith, executed by
:Mortgagor and payable to order of Mortgag., with interest and upon the terms as provided therein, and together with all
other sumo advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this Mortgage, the final maturity
date of the Note and thin Mortgage being January 20 , 1990 ,and shall perform all other covenantor and
conditions of the Note, all of the temrs of which Note are incorporated herein by reference as though set forth tally here-
in, and of e. ~ renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby
created chair cease and terminate.
Mortgagor further convenanla and agrees with Mortgagee as follows: -
l. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, a:tension
or modification thereof and in this Mortgage, all such Bums to be payable in lawful money oI the United Statra of America
at Mortgagee's aforesaid principal office, or at such other place as Mortgagee may designate in writing.
2. To pay when due, and without. requiring any notice from Mortgagee, all to:es, sasc~saoentor of any type or nature
and other charges levied or assessed against the Mortgaged Property or thin Mortgage and prodree receipts therntor upon
- demand. To immediately pay and discharge any claim. lien or encumbrance against the Mortgaged Property which may be
or become superior to this Mortgage aad to permit no default- or delinquency on any other lien, encumbrance or charge
.against the Mortgaged Property. - -
3. It required by Mortgagee, to also make monthly deposits with Mortgagee, in a non-interest bearing account, to-
gether with and in addition to interest and principal. of a sum c9»d to one-twelfth of the yearly tares and aaseasmenta which
may be levied against the Mwtgaged Property. and lit so required) one-twelfth of the yearly pr~siums for insurance
thereon. The amount of such fates, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such
deposits shall be ~d-try Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such
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