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Home My WebLink About2115 • ~ 9~a330 . II~ORTGAGE DEED AND SECURITY AGi~~gA~N~' 36 • ~'O THifi 1?10RTGAGB DB~D (tbs Mortgage), dated u of January 25 , 19 by and between lTillias L. Peterson (bereinaiter called Mortgagor) and Suri Bank Of St. Lucie County ,having an o[fice at ' 111 Ora>•ge- Avenue, Ft. Pierce, ,Florida thereinafter called Mortgagee): WITNS38Is'I[H. that in consideration o[ the premises and is order to secure tbeps~yment o[ bout the principal of,'and . interest and any other sums peyaWe on the note (as hereinafter defined) or this Mortgap and the performance and ob-- sen~irtos of aU o[ the providoni hereof and of said nub. Mortgagor hereby grant, selb. warr:nte, anew. reaaises, releases. conveys, assigns, transfers, mortgages and set over and contittrr unto Mortgagor, aU of Moetltagar a estate. right, title sad inbewt in, to and under all that certain real Property siiuatein St. Lucie County, Fbrida more particulartjr described ufollows: - The . North ~ of the Slits of the Si13t of Section 9, Tt~nt;hip 35 South, Range 39 Bast, LESS AND BXCSPT the followiTtg, to-wit: PARGSL h: _ _ _ _ _ - _ - - That certain right of why and 8aseaieAt ooslveyed by deed dated lfay 10, 1965, and recorded in Official Records Book 11'7, at - - page 440 of the Public Records of St. Lucie County, Florida. being described as : The North 30 feet of the N~ of the SNtlt of the Slits of Section 9, Totinttttip 35 South; Range 39 gnat. - - - FOR (,~Ot~l'PINUATION OF LEGAL I>BSCRIPTION S8S ATTAC>~D571~ IBI~ bA/ D qi ?AYMINT OP T[1XPi; - ,lj _ - _ DUE ON tY: SS 'C INTJINB'BLE PEQSONAL PROPERna - PIiSSi111NT TU ~1tAPif~i Tt-i2g, ACTS OF 117E a~ - ROtiER PWYRAS ~ - TOGETHER WITH aU improvements now or hereafter located on r ~ ~plianees, - aPP~~. equipment, heating and air conditioning equipment, machinery and articles of personal Property and replacement thereof (btber than those owned by lessees of said real property) Hoer or hereattet 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 licenses and permit 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 learns. and all rents, isstrea. procgeda, and profits accnrina from said real property - and together with all proceeds of the rnnversion, voluntary- or involuntary of any of the foregoing into cacti or liquidated 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 described tangible and intangible personal property_ TO IIAVF AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and appurtenances thereinto 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. poeaession, claim and demand whatsoever, as weU in law as in equity, of Mortgagor and unto the same, and every part thereof, with t:be appurtenances of Mort6agor in and to the same, and every part acid parcel thereof unto Mortgagee_ . ~ - - Mortgagor warnwta that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Property subject to no tiers, charge or encumbrance except sick as Mortgagee has agreed~{o 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 Mortgagor has full power and lawful authority to mortgage the Mortgaged Property iu the manner and form herein done or intended hereafter b 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 persow and parties whomsoever. Mortgagor will, at the cost of Mortgagor, and without expense. to Mortgagee, do, execute, ackrwwledge and deliver all and every ouch further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee aliall from time to time require in order to pnnterve the priority of the lien of this Mortgage or to facilitate the performance of the terms hereof. - PROVIDED HOWEVER, that if Mortgagor -shall pay- to Mortgagee the indebtedness in the principal sum of - 18,050.2 as evidenced by that certain promissory note (the Note),. of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with interest and upon We terms as provided therein, and together with all other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being January 24, 1990 ,and shall perform all other cvvenants and conditions of the Note, all of the terms o[ which Note are incorporated herein by reterenoe as though set forth fully here- in, and of any renewal, a:tension or modification, thereof and of this Mortgage, then this Mortgage ar_d the estate hereby j created shall cease ar~d terminate. - t - Mortgagor further covvenants and agrees with- Mortgagee as tollowa: 1. To pay all sums„ intruding interesi secured hereby when due[ +as provided for in the Note and any renewal, ertension or modi6catior. tber+eof and in this Mortgage, all such sums to be payable in lawful money of the United States of America at Mortgagee's a[oresaid principal office, or at such other place es Mortgagee may designate in writing- 2. To pay when due[ and without-requir~g any notice from Mortgagee, all to:°a, as~nents of any type or mature and other charges levied or assessed. against the Mortgaged Property or this Mortgage and produce receipts therefor upon demand. 1'o immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be . or become superior to this Mortgage and to permit na 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 anon-interest bearing acxount, to- gether with and in addition to interest and principal, of a sum equal to one-twelfth of the veady tares and asseaaments which may be levied against the Mortgaged Property. and (if so required) one-twelfth of the yearly. premiums for insurance thereon. The amount of such to:es, aressmenta and premiums, when unknown, shall be estimated by Mortgagee. Such 3 deposits shall be used by Mortgagee to pay such torso, assessments and premiums when die. Any insufficiency of ouch Mitt -InsSrSmen! Q'''-~•, j :Y '-'ti • - • f' t.• ~ v~ r---S «K~ JJ~~4 S~P~ CAP+d ST. ~ _ ~ ~ Yt~_ ~.~f;-- ~ - - X11 S. ~:'d ST. ~ T i" ~ . mac. f r_ii::1:)A - - _ ` - -