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Home My WebLink About0308 ~b~'7918 ~a `+a,w~ . MORTGAGE DEED AND SECURITY AGREEMENT; • ;~f~ ~ THIS MORTGAGE DEED (the Mortgage), dated as of MaY 28 , 19 80 , h ~ y and between ` /v GEORGE SALEEBY, JR. a/k/a GEORGE A. SALEEBY, JR. and MAE E. SALEEBY, his wife, ~ •L~ (hereinafter called Mortgagor) and SUN BANK OF ST. LUCIE OOUNTY ,having un 17 office at 111 Orange Avenue, Ft. Pierce , Florida Ihereinaftercalled 111ortgugrel: WITNESSETH, that in consideration of the premises and in order to secure the payment of both the princifk+l of, and interest and any other sums payable on the note (as hereinafter detined? or this Mortgage and the {rerformanee :+nd ol,- servance of all of the provisions hereof and of a•+id note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases, conveys, assigns, transfers, mortgages and seta over and confirms unto Mortgagee, all of Mortgagor's estate, right, title and interest in, to and under all that certain real pm{,erty situate in St. Lucie County, Florida more particularly described as follows: Lot 1 and Lot 30, Block 4, of TUCKER TERRACE, as per plat of said subdivision recorded in Plat Book 4, page 54, of the Public Records of St. Lucie County, Florida. TOGETHER WITH: That part or parcel of a street adjoining and abutting Lot 30, Block 4, TUCKER TERRACE SUBDIVISION, as recorded in Plat Book 4, page 54, of the Public Records of St. Lucie County, Florida, abandoned by the City of Fort Pierce by ordinance ~E-95 passed April 17, 1961, and recorded in Official Record Book 8, page 535, more particularly described as follows: Begin at the Southeasterly corner of Lot 30, Block 4, TUCKER TERRACE SUBDIVISION, as recorded in Plat Book 4, page 54, of the Public Records of St. Lucie County, Florida, run thence S 39° 12' 19" E for a distance of 2.53 feet to a point on the West right of way of Okeechobee Road; thence run N 50° 47' 41" E along the West right of way line of Okeechobee Road a distance of 65.30 feet to a point; thence N 23° 42' 10" W for a distance of 62.91 feet to a point on the boundary line of said Lot((30; thence TOGF.THF.R WITH all improvements now or hereafter loe:?trd on c:rid real prof,erty and all fixlur~estint~t'decon SCh. A) apparatus, 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 ufwn, or used in any way in connee•tion with the e•omplete and comfortable use, occup:+ncy, or of?eration of said real profrerh•, :+11 Licenses and permits used or required in rnnnee•tion with the use of s:+id real property, all leases of said real property now or hereafter entered into and all right, title and interest of :1ortgagor thereunder, including without limitation, cash or see•uri- ties defwsited thereunder pursuant to s:+id le:~+rs, :+nd all rents, issues, prc?c•ee•ds, and profits accruing from s:+id real pngxrty and together with all pra•eeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance and e•ondemnation awards Ithe foregoing said real profrerty, tangible and intangible perseinal property hereinafter refcrnd to as the Mortgaged Property/_ Mortgagor hereby gr.+nts to Mortgagee a scvurity interest in the foregoing dew•rilxel tangible and intangible f?ersonal profx•rly. TO HAVE AND TO HOLD the Mortgaged Property, together with all :+nd singular th+• tenements, herrditaments and appurtenaners thereunto t,elonging or in anywise :q,pertaininR and the reversion and reversions thereof and. all the estate, right, title, interest, homestead, dower and right of dower, separ.+te estate, fwsse~sion, claim and demand whatsoever, as' well in law as in equity, of Mortgagor and unto the s:+me, and every part thereof, with the :+ppurtenances of Mortgagor in and to the s:+me, and every part and pan•rl thereof unto Mortgagee. Mortgagor warrants that i! has a gaud and marketable title to an indefe:+sihle (re estate in the ~lorlgage•ci Pmf?+•rt}• subject to no lien, charge or encumbr.+nce except such as l\tortgagre ha agreed to accept in writing and Mortgagor covenants that this t?lortgage is and writ remain a vatrd and enton•eable first mortgage on the Mortgaged Property subjee•t only to the exceptions herein provided. Mortgagor has full fwwe•r and lawful authority to mortgage the Mortgaged Properly in the manner and form herein done or intended hereafter to I,e done. Mortgagor will preserve su<•h title and will fore~~er warrant j and defend the same to llfortgagee and will forever warrant and defend the validity :+nd priority of the lien hereof against the claims of all persons and parties whomsoever. 4 Mort + or will, al the cost of Mort r or, and without ex ,rose !o Mort r ee, do• exee•ute, ac•know•Ied a and deliver all I R~ g g: g { g: g g ~ :?nd every such further acts, deeds, com•eyances, mortgages, as4iKnments, nutii•es of :rssiRnment, transfers and assurrnces as e Mortgagee shall from time to time re•yuire in order to preserve the priority of the lien of this Mortgage or to facilitate the performance of the terms hereof. PROVIDED HOWI•;VER, that it Mortgagor shall pay to ;llortg:rgc•e• the, indebtedness in the principal sum of 88 ooo.ob ' S ~ as evidenced by that certain promissory note Ithe Notel, of even daft herewith, executed by 1ortgagor and p:ryahle to order of Mortgagee, with interest and upon the terms as provided therein, and together with all other sums :+dvanceel by Mortgagee to or on behalf of 1\lortgagor pursuant to the Nntr or this Mortgage, the final maturity dale of the Note and this Mortgage Ix•ing --Tune 1 ~ 1 995 ,and shall perform all uthe•r cm•enants and conditions of the Nute, all of the terms of which Note are incorfwratcd herein Ly reference as though set forth fully here- s in, and of any renewal, extension ur mc?eli(ication, thrrc•ol and of this \iortgagr, then this Mortgage, and the estate hereby created shall cease and terminate. s Alortgagur further convenants and agrees with Mortgagor as tollow•s: 1. To pay all sums. including interest see•ured hereby when due, as provided for in the Note and any renewal, extension ? or moelification thereof and in this Mortgage, all such sums to F,e• payaMr in lawful money of the United States of Anu•rica ' at Mortgagee's aforesaid principal office, or at such other place as MortK:+ger may designate in writing. t Y. To pay when due, and without rryuiring any notice from Aturtgager, all taxes, :assessments of any type or nature, and other charges levied or assessrol against the Aortgaged Property or this Mortgage and prexluce receipts therefor ufwn demand. To immediately pay and discharge any claim, lien or encumbr.+nce against the Mortgaged Yrofx•rty which may he or Ix come superior to this Mortgage and to fxrmit no default or delinquene•y on am• other lien, encumbrance or charge :+g:+inst the Mortgaged Property. s 3. If required by Mortgagee, to also make monthly defxsits with Mortgagee, in anon-interest l,eanng 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 t,e• levied against the Mortgaged Property, and lit so reyuiredl one-twelfth of the yearly premiums for insurance thereon. The amount of such t:+xes• assessments and premiums, when unknown, shall t?e estimated by Mortgagee. Such defwsits shall I,e used by Mortgagee to fray such taxes, :+ksessmrnts and premiums when due. Any insufficiency of such f Ractttiyed • ~ • It+ P.r~tent of Taxat • -1- Oua On C1ssa "C' Intartpibla PwsatN _ Patricia L *?++s ue3nn,e~~vr f R-..;nrn qV. i3eu pursuant TO at~lM 71. 134. /?cllt Q1 +~71, Al;„ 1 i;?Li a 11 :'..E Cai%iP. L F FLA. R~R ~T7~$ ~-dT tws s aro zn ~onr ?:t~+ctt, stonron ~,R M~ ~ 31;iIK c~s Pei; c+r~u+e cotat, s1. u,c,., co., p.. v . a: