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Home My WebLink About2611 ~ o ~.r ad . aa~ 483892 s3~ ~ MORTGAGE DEED AND SECURITY AGREEMENT I'' THIS MORTGAGE DEED (the Mortgage), dated as of P?p r i 1 10 . , 19$..4 , by and between Clyde C. Thompson, Jr.' and Robin Thompson, his wife Ihereinattercallcd Mortgagor) and Sun Bank of St.- LuGie County ,having an otticeut 111 Orange Avenue, Fort Pierce, ,Florida (hereinattercalled Mortgagee); WITNESSETH, that in consideration of the premises and in order to secure the payment of both the principal ot, and . interest and any other sums payable on the note (aa hereinafter defined) or this Mortgage and the performance and ob- servance of all of the provisions hereof and of said note, Mortgagor hereby grants, Bells, warrants, aliens, remises, releases, conveys, assigns, trnnsters, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor s estate. right, title and interest in, to and under all that certain real property siluatein St . LuGie County, Florida more particularly descrihed as follows: - 1 ~ The North ~ of the East 215 feet of the South 3/4 of the - West ~ of the NW~t of Section 3, Township 36 South, Range ~ 39 East, St. Lucie County, Florida, with all improvements ~ - + - on said property including one 1980 Guerdon.60X24 Mobile Home, ! Ser. M GD-LC-FL-1480-4141 A-B. RcrF:YEO = S~ IA PAY`,S' _ . .NT t1F TAXES i . Gi'E ''i Ci'' ° 'C' I.:T .4;T 3tE PER i - ` ~ ~ ~~rikL P.tOPERTY. ` r r i ll.-..i.~ T3 71-'.'~, ACTS Of Ui71. '•y ~ ,~,36,~- .~3/- o00 oao" G r.~_.: P:Irras ' CL:i;K q..~U,T :ii1;:T, ST, tU.~tE 00.? fl,A~~n)' t'`t v~ TOGETHER WITH all improvements now, or hereafter located on said real pm{+erty and all fixtures, appliances, :+pfmratus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter affixed 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 of said real property, all leases of said real property now, or here:dter 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 :+nd together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated ~•I:+inu, including without limitation, proceeds, of insurance and condemnation awards (the foregoing srid real property, tangible and intangible personal pmf~erty hereinafter referred to as the Mortgaged Property 1. Mortgagor hereby grants to Mortgagee a security interest in the foregoing described tangible and intangible f~ersonal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and :+ppurtenancrs thereunto belonging or in anywise apf~ertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as .~~ell in law as in equity, of Mortgagor and unto the s:+me, and every part thereof, with the appurtenances of Aortgagor in :+nd to the same. and every 1>:+rt and fkucel thereof unto Mortgagee. Mortgagor warrants that it has a good and marketable title to an indefeasible tee estate in the Alorlgaged Pml?erty :abject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor cotenants j 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 Ix~wer and lawful authority to mortgage the Mortgaged Proterty 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 s:+me to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against the claims of all t+ercons and parties whomsoever. Atortgugor will- at the cost.of 1ltortgagor, and without expense to 1\lorlgagee, do, execute, acknowledge and deliver all and every such further :+cts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as Mortgagee shall from time to time require in order to presen•e the priority of the lien of this Dortgage or to facilitate the ! t+~•rformame of the terms hereof. PROVIDED. HOWEVER, that if Mortgagor shall pay to Mortgagee the indehtedness in the principal sum of g 2 7 , 921.49 as evidenced by that certain promissory note Ithe Notel, of even date herewith, executed by Mortgagor and f>iryable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all ether sums adv:+nced by Mortgagee to or on behalf of Atnrtgagor [+ur,uant to the'.~ote or this 141ortgage, the final maturity date of the Note and -this Mortgage being Aprl 1 10 , 1990 ,and shall perform all other covenants and conditions of the Note, all of the terms of which Note are incortwrated herein by reference as though set forth fully here- in, and of any renewal, extension or modification, thereof and of this Mortgage, then this i\tortgage and the estate herehy cmated sh:+fl cease and terminate. Mortgagor further com•enants and agrees with ?~1ortgagee as tollow-s: f 1. To pay all sums, including interest secured hereby when due, as provided (or in the Note and any renewal, extension or modification thereof and in this :\iortgage, all such sums to be payable in lawful money of the United States of America :+t Mortgagee s afores:+id princifkil office, or at such other place as Mortgagee may designate in writing. 2. To th+y when due. and without requiring any notice from Mortgagee, all taxes, assessments of any tyf~e or nature and other charges levied or asse_~•d against the Mortgaged Property or this \iortgage and produce receipts therefor ulwn r demand. To immectiateh• pay and discharge any claim,.lien or encumbrance against the Mortgaged Property which may be or hecome superior to this \iortgage and to f+ermit no default or delinquency on am• other lien; encumbrance or charge against the ltortg:+ged Property. h 3. It required by 1\tortgagee, to also make monthly deposits with Alortgagee, in anon-interest bearing account, to- gether with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assessments which may he levied against the Mortgaged Property, and lit so required/ one-twelfth of the yearly premiums for insurance thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such taxes. asc+'ssments and premiums when due. Any insufficiency of such } :ii :i ~ cou7ty, J•. 112 3:1UTM S:G:;hR yT~