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HomeMy WebLinkAbout0678 4808'x'7 I ~ Southeast Banks ''viii+~`~ MORTGAGE THIS MORTGAGE, executed thi• 213t day of March ts_$Q___ac Fnrt Pi err•e r __Florida by AL At~n~'R R DeMARCD nd MARY DeMAR('(l ~ hi a wi fp,~ i of ;he first part, Mreinaher called tM Mortgagor. which term u used herein in every instance shall ir?dude tMt Mortgagor's heirs. executors. administrators. successors. legal rsprossnutivu and assilpts. including NI subsequent gronteu, either voluntary by act of tM parties or involuntary by operation of law. and ~ shall denote the singular and/a plural, and the masculine arw!/or feminine, and natural and/or artificial Parsons, whenever and wherovsr the oontsxt so re- quires or admits. to$0p6sAIQC FIRST NATIONAL BANK OF FORT PIERCE , 300 ~ South Sixth Street , p; ~ e F r; ~ g ~ a banlting association. of the second part. hsromahsr called the Mortgagee. which to n4~s usidTi&Nt~7i bve7y1~iincSirtN1 include the Mortgagee's successors. legal representatives snd assigns. including all wbssqusnt assignees. either voluntary by act of the parties or involuntary by operation of law. WITNE88ETH: THAT for divers good and valuable considerations. and also to secure the payment of the aggregate sum of money named in the promissory note of even date herewith. hersinaher msntiatsd, together with interest thereon, and all other sums of money secured hereby ss hereinahsr provided. the Mortgagor doss grant. bargain, sell, alien, romiss. release. convey and confirm unto the Mortgagee. in fee simple. I A 1 the following land: Lot 6, Block 142, SOUTH PORT ST. LUCIE, UNIT 8, according to the plat thereof on file in Plaf~ Book 14, pages 26, 26a through 26d, Public Records of St.~Lucie County, Florida. THIS IS A FIRST MORTGAGE. i ~ i1MMMN ~ 6r0 M Paytftsnt Of Ta><N _ _ _ ©~MuA¦B~QhN "0" InlNglst~ hna/uyf prop~rhr , ~°r~~-t!-r- FLL~ R i ~ ~flliMl T~CM~1~~71ti 1~4. Aeb O~' t Q U . U ~S r. iuJ ~(A R 1' - < 51 N, ~ i. i ~ wQ~'R ~1TRAS i~ ra. Lz - ~ i I (Bi All buildings. structures. and improvements of every nature whatsoever now or hereafter situated on the said property. and as furniture, furnishings. F `~xtures. machinery. egwpment. inventory and materials on site. and personal property of every nature whatsoever now or hereaher owned by the Mort- yagor and located in. on. or used or intended to be used in connection with or with the operation of said property, buildings. structures or other improve- ments. including all extensions. additions. improvements. betterments. renewals and replacements to any of the foregoing: and all of the right. title and ~r,terest of the Mortgagor in any such personal property or fixtures subject to a conditional sales contract. chattel mortgage or similar lien or claim together with the benefit of any deposits or payments now or heresher made by the mortgagor or on its behalf j Together with all and singular the tenements, heroditsmsnri. easements and appurtenances thereunto bekxtging, or in any wise appertaining, and the rents. issues, and profits thereof, and also all the estate, right, title. interest and all claims and demands whatsoever. ss well in Iaw as in equity. of said Mortgagor in and to the same. artd every part and parcel thereof, end also specifically but not by way of limitation all gas and electric fixtures, radiators. i heaters. water pumps. air conditioning equipment, machinery, boilers, ranges. elevators and motors. bath tubs, sinks. water cbsets. water basins, pipes. Faucets. and other plumbing and heating fixturos. mantels. refrigerating plants and ice boxes, window screens, screen doors, venetian blinds. cornices, storm shutters and awnings. which era now or may hereahsr osrtain to or bs used with. in or on said premises, even though they be detached or detachable. are and snail be deemed to be fixtures and accessories to the frsehoW and a part of the realty. TO HAVE AND TO HOLD the same. together with the tenements. hereditaments and appurtenances thereunto belonging. and the rents, issues and k profits thereof. unto the said Mortgages. The said Mortgagor hereby covenants with the said Mortgagee that the said Mortgagor is indefeasibly seized with the absolute and fee simple title to said property, and has full power and lawful authority to sell, convey, transfer and mortgage the same: that it shall bs lawful at any time hereafter for the Mortgagee to peaceably end quietly enter upon. have. hold and enjoy said property, and every part thereof: that said property is free and discharged from all hems. encumbrances and claims of any kind, including taxes and assessments, except those that may be set out above or hereinafter: that the Mortgagor will make at Mortgagor s expense and at no expense to Mortgagee such other and further aswrsrtces to perfect the fee simple title to said land. fixtures and per- sonal property in the. Mortgages ss may hereafter be roquirod: and that the Mortgagor hereby fully warrants unto the Mortgagee the title to said property and will defend the same against the lawful Gaims and demands of all persons whomsoever. NOW. THEREFORE. the conditions of this mortgage are wch that if the Mortgagor shall well and truly pay unto the Mortgagee the ,ndebtedness evidenced by that certain +rromissory note of even date herewith, made by the Mortgagor and payable to the Mortgagee in the pr,ncipa) sum of ThirY.y Thousand and no/100 Dollars 30 , 000 . UO 1, the final payment of which is due on ~Q~IDt2Er 17 , 1980 .together with any note or notes hereafter executed by the Mortgagor € hereinby and in accordance with paragraph sixteen of this mortgage as hereinafter set forth and sscurod by the lien of this mortgage: together with interest as i therein stated. and shall perfomn, comply with and abide by each end every the stipulations. agreements, conditions and covenants conta~rted and set forth in this mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and void. AND. the Mortgago? doss hereby covenant and agree: 1. To perform, comply with and abide by each end every the stipulations, agreements, conditions and covenants contained and set forth in said promissory note or notes. this mortgage and, if applicable, the loan agreement between the Mortgagee and Mortgagor. ! 2. To pay the irtdebtsdness secured by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or l of any renewal thereof, promptly on the day or days the same sswrslly become due. 3. To pay, before becoming dslirtquent, all obligations, encumbrances, taxes, asseuments, paving. sidewalk, sanitary and other assessments. levies or liens, now or hereafter levied or imposed upon or against the mortgaged property, and to exhibit to the Mortgagee before such taxes, assessments. hens and-encumbrances become delinquent the official receipts for payment theroof, end if the same o'r any part thereof bs not paid before becoming ~ delinquent the Mortgagee may at any time pay the same with accrued interest and charges, if any. without waiving or affecting Mortgagee's option to ~ foreclose this mortgage. or any right hereunder. and every payment so, made shall bear interest from the date thereof at the hphest rata authorized by law and all such payments with interest shall be secured by the lien hereof. 3 s-Mrc~-i~ tans) tit oso.sao;ts 1 ~~p ' 8tl(K cK?0 PbCE