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MORTGAGE
THIS MORTGAGE, executed this_ 6th day of tf! 80 st Fort Pierce
Florida by ~ RAY RING BURCH, a single adult
of the first part. hsrsinaher called the Mortgagor, which term as used herein in every instance shall include the Mortgagor's heirs. executoa. administrators.
successors. bgsl rsprosentstiws end assigns. including all wbsequent grantees. either voluntary by act of tM parties or involuntary by operation of law, and
shall dsrate the singular and/or plural and the mascuWle and/or feminine, end natural and/or artificial persons, wMnsver and wherever the context so re-
quires oradmits, tom First National Bank of Ft. Pierce , 300 South 6th Street,
Fort Pierce, Florida a benkirp association. of the second part, hersinaher called the Mortgages. which
term as used herein in every instance shall include the Mortgagee's wccessors. legal representatives and assigns, including all wbsequent assignees. either
voluntary by act of the parties or involuntary by operation of law,
W I T N E 8 8 E T H
THAT for divers good and valuable oort:idsratiorn, and ahio to secure the payment of the aggregate wm of money named in the promissory note of
even date herewith, hersinahsr msntiated, together with interest thereon. and all other wms of money secureii hereby as hsrsinahsr provided. the
Mortgagor does grant. bargain, sell, alien, remiss, release, convey and confirm unto the Mortgages. in fee simple.
(A? the folbvring land:
Lot 10, Block 28, FORT PIERCE SHORES, RBVISED FIAT OF UNIT FIVE,
according to the plat thereof, recorded in Plat Book 9, Page 36,
of the Public Records of St. Lucie Cotulty, Florida.
ttECSIVEO : ye.oo IN I•AYMflR f1P TAXER
b CD:" l CL' :,S 'C IfiT~l1G~BLE Pi.RSORAL PNOPERTT,
~ ~ fG;:~~:•i1+ TO Ltih,'T~y 71•ta ACTS OF ti7L _ ~ . t-~- . ! -
CLOAK qu,UT CLUAT. ST. WOE OOi, ''~~UN:EN7;K Y S? : ~ }
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(B? All buildings, structures, and improvements of every nature whatsoever now or hereahsr situated on the said property, and all furniture. furnishings.
fixtures. machinery. equipment. inventory and materials on site. and personal property of every nature whatsoever now or hereaher owned by the Mort-
gagor 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 improtre-
menu. 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 hereafter made by the mortgagor or on its behalf.
I' Together with all and singular the tenements, hsreditamsnts, easements and appurtenances thereunto bebnging, or in arty 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 law as in equity, of said
Mortgagor in and to the same. and every part end parcel thereof, and also specifically but not by way of limitation sN gas and electric fixtures, radiators.
~ heaters. water pumps. air conditioning equipment. machinery, boilers, ranges, elevators and motors, bath tubs, sinks, water cheats, water basins. pipes.
faucets. and other plumbing and heating fixtures, mantels. refrigerating plants and ice boxes, window screens. screen doors. venetian blinds. cornices, storm
shutters and awnings. which are Hour or may hsreaher pertain to or be used with, in or on said premises, even though they bs detached or detachable, are and
shall be deemed to be fixtures and accessories to the freehold and a part of the realty.
TO HAVE ANO TO HOLD the same, together with the tenements, hersditaments and appurtenances thereunto bebnging. and the rents. issues and
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 ful! power and lawful authority to sell, convey, transfer and mortgage the same: that it shall bs lawful at any time hereaher for the
Mortgagee to peaceably and quietly enter upon. have, hoW and enjoy said property. and every part thereof; that said property is free end discharged from all
liens. 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 wch other and further aswrartces to perfect the fee simple title to said Isnd, factures acrd per-
sonal property in the Mortgagee as may hereafter be required: and that the Mortgagor hereby fully warrants unto the Mortgagee the title to said property and
w~li defend the same against the lawful claims and demands of all persons whomsoever.
NOW, THEREFORE. the conditwns of this mortgage are such that if the Mortgagor shall well and truly pay unto the Mortgagee the
indebtedness evidenced by that certain promissory note of even date herewith. made by the Mortgagor end payable to the Mortgagee in the
principal sum of 1WENTY THOUSAND AND NO/100---------------------------- (S 20,000,00
the final
payment of which is due on Atis~tlst 4, 1980 • ,together with any note or notes hereaher executed by the Mortgagor
hereinby and in accordance with paragraph sbctssn of this mortgage ss hsrsinahsr set forth and secured by the lien of this mortgage, together with interest as
therein stated, and shall perform. comply with and abide by each and every the stipulations, agreements, conditions and covenants contained and set forth in
this mortgage and in the promissory mots secured hereby, then this mortgage and the estate hereby ueated shall cease and be null and void.
t AND, the Mortgagor doss hereby covenant and agree.
~ 1. To perform, comply with and abide by each and every the stipulations, agreements. conditions and covenants contained and sat forth in said
'promissory note or notes, this mortgage and, it applicable, the ban agreement between the Mortgagee and Mortgagor.
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2. To pay the indebtedness secured by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or
of any renewal thereof, promptly on the day or days the same severally become due.
3. To pay. before becoming delinquent. all obligations, encumbrances, taxes, assessrents, paving, sidewalk. sanitary end other asse;srrtents, levies
or liens, now or hereaher levied or imposed upon a against the mortgaged property. and to exhibit to tits Mortgagee before such taxes. assessments.
hens and encumbrances become dslirrqueM the official receipts for payment thsrooi, and if the same or any part thereof bs not paid before becoming
delinquent the Mortgagee may at any time pay the same with accrued interest and charges, if arty, without waiving or affecting Mortgagee's option to
foreclose this mortgage, or any right hsrwnder, and every payment so made shall bear interest from the date thereof at tits highest rats authorized by law
and all such payments with interest shall bs secured by the lien hereof.
S-MTCi-17 (11/75) M e6054-013 ' vvuq P~jf X444
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