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Home My WebLink About2732 -i 4'78531 - ~3 s x 1 ' M RTGAGE DEED AND SECURITY AGRE~M~~T • O • 1 February 26 O ~ THIS MORTGAGE DEED (the Mortgase), dated as of , 1~ , by and between STANISLAhI DOHOSZ and DAN1TPl~ DOHOSZr his wife (hereinafter called Mortgagor) and SDN BANK OF ST. LUCIS COUNTY ,having an office at 111.Orange Avenue, Fort Pierce, ,Florida (hereinafter called Mortgagee); ' WITNE38ETH, that in consideration of the premises and in order to ascots the payment of both the principal ot, and interest and any other sums pe~yable on the note (as hereina[tes defined) or this Mortgage and the performance and ob- servance of all of the provisions hereof and of said note, Mortgagor h~cr^by grants. sells, warrants, aliens, remises. releases, conveys. arigns. transfers, mortgages and seb over end confirms unto Mortgagee, all of Mortgagor's estate, rirRl?t, title and s interest in, to and under aU that certain reel property situate in St = ?•»r_i p_ County, Florida more particularly j described as toUows: Lot 14, Hlock 90, SOtITIt PORT ST. LUCIS, UNIT FIVE, according to the Plat thereof as recorded in Plat Hook 14, pages 12 and 12A-~12G of the Public lZecords of St. Lucie County. Florida. + ~ a o, ao 1N f11r~Itt ol: TAf~! OOE Ott pd:SS'C' plT:'t'C'8LE P°":St`'!•`t ?.^.fl:'f~. _ ^ _ _ _ _ i qo'~ f:i:iS~J:.ll7 Tit .h.v'1,.:'7t•. f, a i. ~n `y J 1 N 1 ~ C7F ~1 r.'~ 1 L.J ! . t-_I~ ~'z _ OOCUMENil~RYs~- STtiMc' ' C1EAIt p:~i1.T i;Citlw7, ST. l4aE G0. f1A. c DE?T. OF RE\ENUE '<~;~`a~ I ~ N P.H.'-'MAH-T'80t=~~-.~'_:~l~ ~ O.O O I TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, appliances, apparatus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement i thereo[ (other than those owned by lessees of said real property) now or hereafter atti: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 permits used or required in connection with the use o[ 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 leases, and all rents, issues. proceeds, and profits accruing from said real property j and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated tl claims, including without limitaiion, 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 HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and } appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right o[ dower, separate estate, possession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenances of Mortgagor in and to the same, and every part and parcel thereof unto Mortgagee. Mortgagor warrants that it has a good and marketable title to an indefeasible tee estate in the Mortgaged Property subject to no lien, charge or encumbrance except such as Mortgagee has 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 subject only to the. exceptions herein provided Mortgagor has full power and lawful authority to mortgage the Mortgaged Property in the ~ manner and torn herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant i and defend the same to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against i the claims of all persona and parties whomsoever. ! Mortgagor will, at the coat of Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deliver all and every such further acts. deeds. conveyances, mortgages, assignments, not'l~-pot assignment, transfers and asaurancea as , Mortgagee shall from time to time require in order to preserve the priority of file lien of this Mortgage or to facilitate the ' performance of the terms hereof. PROVIDED, HOWEVER, that it Mortgagor shall pay to Mortgagee the indebtedness in the principal ,sum of i 60, 000.00 as evidenced by that certain promissory note (the Note), of even date herewith, executed by j Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced by Mortgagee to or on behalf of Mortgagor punmant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being Fpbt'iia*'11 ~6r 1481 ,and shall per[orm all other covenants and s conditions of the Note, all of the terms of which Note are incorporated herein by reference as though set forth fully here- E in, and of any renewal, extension or modification, thereof and of ihia Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. Mortgagor further convenants and agrees with Mortgagee as follows: 1. To pay al! sums, including interest secur+exl hereby when due, as provided for in the Note and any renewal, eztension or modification thereof 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 as Mortgagee may designate in writing. 2. To pay when due, and without requiring any notice from Mortgagee, all fazes, assessments of any type or nature and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts therefor 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. 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- gether with and in addition to interest and principal, of a sum equal to one-twelfth o[ the yearly to:es and assessments 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 ta:ea, aaseasmenta and premiums, when unknown, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such to:ea, assessments and premiums when due. Any insufficiency of such -1- t! 1