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MORTGAGE DE~~~ 3EC RlTY AGREEMENT
THI8 MORTtiA(}S DRBD (the Mortgage), dated as ai November ~ 14 ~ 19 79, by and between
• Nathaniel Johnson
(bereir?atter called Mortgagor) and Sun Bank of St. Lucie County ,having an
o(tioe at 111 Orange Avenue, Ft. Pierce. FL 33450 ,Florida (hereinafter called Mo
`ranger):
that is consideration of tbs premises and in order to secure tbs pyrmsnt o[ both the principal ot, and
interest and aWr other snms payable on the note (a hereinafter defined) or this Mortgage and tbs psr[ormanos and ob•
aervaaq o[ aq of the providons hereof and of raid note` Mostgagor hereby grants, sue, waseants, aliens. remises, releases,
conveys, assigns transfers, mortgages and seb over and oonfirar unto Mortgagee, aq of Mortgagor's estate, right, title and
interest ia, to and under all that certain real Property situateln St. Lucie County. Fbrida Hare particularly
described as folbws:
Lot 10, Block 8, SUNRISZ; PARK, according to the plat thereof
on file in Plat Hook 8, page 42 Public Records of St. Lucie
County, Florida.
(`rhos is tp Rt:.,Record MorEgage §ho~ng correct Block ~ -
t ~ _ - - NINNfIr ~ M hint pt ~
o, STAT' E F L d R i ~7 A ~ ~1N 111 ~NM ?'@'' ~1'tltt;er?gt
~,Z DOCUMfNTARY,~~ :s STAMP iAX ! ~'~4?.
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TOGETHER WITH all improvements now or hereafter located on said real property and all firtures„ appliances,
apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal Property and replacement
thereof (other than those owned by lessees of said reel Property) r•ow or heresttgr atfi=ed to. attached Lo, placed upon. o:
used in any way in connection with the complete and comfortable use, occupancy, or operation of said real Property, all
licenses and permits used or required in connection with the use of said real property. all leases of raid real property now or
hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitatioq cash or securi-
ties deposited thereunder pursuant to said leases, and all rents, issues, Proceeds, and profits accruing from said real property
and together with all proceeds o[ the conversion, voluntary or involuntary o[ any o[ the foregoing into cash or liquidated
claims, including without limitation, proceeds of insurance and rnndemnation 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 pe»onal property.
TO HAVE AND TO HOLD the Mortgaged Property. together with all and singular the tenements, bereditaments and
appurtenani~ca 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, poaseesion, claim and demand whatsoever, as
well in law as in equity, of Mortgagor and unto the same, and every part thereof, wiW the appurtenances of Mortgagor in
and to the same, and every pert and parcel thereof unto Mortgagee.
Mortgagor warrants that it has a good and marketable title to an indefeasible fee estate in the Mortgaged Property
wbject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor rnvenanta
i that this Mortgage is sad will remain a valid and entororeble Oust mortgage on the Mortgaged Property-subject only to the
e:captions herein provided. Mortgagor bas full power and lawful authority to mortgage the Mortgaged Property in the
I manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant
and defend the name to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against
the claims of all persons and parties whomsoever.
~ Mortgagor will, at the coat of Mortgagor. and without expense to Mortgagee, do, _e:ecute, acknowledge and deliver all
and every such further acts, deeds, conveyances, mortgages, assignments, notices of aaaignment, tramfers and aesurancea as
Mortgagee shall from time to time require in order to preserve 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
= 1, 851.32 ~ ~ by that certain promissory note (the Note), of even date herewith, ezecuted by
Mortgagor and payable to order of Mortgagee, with interest and upon the tenors as provided therein. and together with all
vtiier sums advanced by Mortgagee to or on behalf of Mo nt to the Note or this Mortgage, the final maturity
date of the Note and this Mortgage being November 14 • i9t3~ ~ ~ ~l perform all other covenants and
conditions 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, eztensan or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby
created shall cease and terminate.
Mortgagor further coveenants and agrees with Mortgagee as follows:
` 1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, a:tension
G or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of America
[ at Mortgagee i aforesaid principal office, os at such other pl~e as Mortgagee may designate in writing.
2 To pay when due, and without. requiring any notice from Mortgagee, all taxes, assessments of any type or nature
and other charges levied or sneered against the Mortgaged Property or this Mortgage and produce receipts tberetor 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 and to permit no default or delinquency on any other lien, encumbrance or charge
against the Mortgaged Property.
i 3. If required by Mortgagee, to aL~o make monthly deposits with Mortgagee, in anon-interest bearing account, to•
gather with and in addition to interest and principal. of a sum equal to one-twelfth of the yearly fazes and anessments 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 fazes, anesements and premiums, when unknown, shall be estimated by Mortgagee. Such
deposits shall be used by Mortgagee to pay such to:es, assessments and premiums when due. Any inwtticieacy of wcb
dHIS INSTRUMEYT PREPARED li'f.
e Sun of St Lucie unr,
FORT PIE. " F; ~„!Dq
112 SOUTH ~_CC ~ ~ ^ttT