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HomeMy WebLinkAbout2181 4854S9 , ~ t~ ~ i ~ 3 ~ MORTGAGE DEED AND SECURITY AGREEMENT • ~ 3~ THIS MORTaAGS DSBD (t6i Mortgap). doted os of Z- , 19 80 , by and between ~l~brion Parrish and Fay Parrish, his Wife (hereinafter called Mortgagor) and Sun Bank o~ St. Lucie County . having an office at 111 Orange Avenue, Ft. Pierce ,Florida (hereinstter called Mortgagee); flat in consideration of the premiss and in order b secnrs the payment of both the principal ot, and inbrest and any other sums payable on the note (as hereiaafbr defused) or this Mortgage and the performance and ob- servancs of all of the provisions hereof and of laid note. Mortgagor hereby grant, sells. warnnb, aliens„ remises, releases. conveys. assigns, transfers, mortgages and set over and conCums unto Mortgages, all of Mortsagor's estate, right, title and inbred in. to and under all that certain real Property situate in St. Lucie County, Florida more particularly described as follows: All of Lot 27 and Lot 28, lest; the lfest 33.1/2 ~ feet, Block 2, WAC+IIER SOHD~VISiON, according to the Plat thereof as recorded in Plat Book 9, Page 74, of the Public Records of St. Lucie County, Florida. • ~ R . o o = d ad IN PAVIIENT of TAXEt r, r ~ S rA oz DOCUMENTARY ;.,;,STAMP T J{ ~ WE Oil CIASS'C' IMTA.~G~BLE P~RSJt;,SI PROPERTY liEP7.Of YEYENUE PURSUANT TO C1WPTi 71-'•=4, AG1S OF 1971. v = =;~Y_F•~,~ n RO&fR Pu1TrJ1S ~ _ _ P.B. ~,•.=~~ii•*'•,,~ ~ 3 iF .,,i2. S CLINK C13CUiT COWiT, ST, LYLIE CO. FLA.Q - - - TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, applianeea, apparatus, equipment, heating and air rnnditioning equipment, machinery and articles of pe»onal property and replacement thereof (other than.those owned by lessees of said rcel 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 her~eatter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said lessee, and all rent, iawes, Proceeds, and profits accruing from said real property and together with all proceeds of the rnnversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance and condemnaiion awards (the foregoing said real property, tangible and intangible pernonal property hereina[ter referred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foregoing described tangible and infa6gible•personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenement, hereditaments and appurtenances thereunto belonging or in anywise appertaining and tbe reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of dower, separate estate, posseaaion, 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 marketble title to an indefeasible tee estate in tre 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 tall power and law[ul authority to mortgage the Mortgaged Property in the C 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 cyst of Mortgagor, and without expense to Mort a ee, do, execute, acknowl € 8 e edge and deliver all f ~ and every ouch further acts, deeds, rnnveyancea, mortgagee, asaignnaent, notices of assignment, transfers and assurances as ~ Mortgagee shall tram time to time require in order to preserve the priority o[ the lien of this Mortgage or to facilitate the perfonnance of the terms hereof. PROVIDED, HOWEVER, that it Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of - ~ 3.1(1.131 - 3~ as evidenced by that certain promissory note (the Note), of even date herewith, executed by 6 Mortgagor and able to order of Mo pay rtgagee, with interest and upon the terms as provided therein, and together with all other soma 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 ~ i~faY 2 ~ 1985 ,and shall 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- s in, and of any renewal, a:tension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby created shall cease and terminate. r - Mortgagot further conversant and agrees with Mortgagee as follows: ~ i. To pay all sums, including interest secured hereby when due, as provided for in tbe Note and any renewal; extension 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 aforesaid 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 taxes, aaeessment of any type or nature and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipt therefor upon demand. To immediately pay and discharge any claim, lien or encumbrance against tbe 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 tbe Mortgaged Property. 3. It required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to- ~ g gather with and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and assemments which may be levied against the Mortgaged Property, and (if so required) one-twelfth o[ the yearly premiums for insurance ~ thereon. The amount of such to:es, assemment and prenaums, when unknown, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such tares, assessment and premiums when due. Any insufficiency of such r s -1- B~JK33tl ~~E21'7~0 = . xM _.~F.~.~. . - - _ _ z._..=~~