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Home My WebLink About1581 490583 . , . ' . '~'4 ~ sar6~sa laj ass ~aat 8t. Luci• c•wt~ 1t.l3~rc•, •1. MORTGAGE DEED AND SECURITY .AGREEMENT ~3' TH13 MORTGAGE DSBD (the Mortgage), dated as of June 19 ~ 19 80 , by and between Jacqueline F. Salomon (hereinafter called Mortgagor) and Sun Bank of St. LucieCounty ,having an office at 111 .Orange Avenue, Ft. Pierce, ,Florida (hereinafter called Mortgagee); WITNE33ETH, that in consideration of the premises and in order to secure the payment of both the principal of, and interest and any other sums payable on the note (as hereinafter defined) or this Mortgage and tbs performance and ob- servance of all of the provisions hereof and of said note. Mortgagor hereby grant, sells, warrant, aliens, remises, releases, conveys, assigns, trar?sters, mortgages and set over and confirms unto Mortgagee, all of Mortgagor s estate, rittht, title and interest in, to and under all that certain real property situate in St Lucie County, Florida more particularly described as follows: J Lot 23, Block 4, BBL ATRB BSTATB.S, according to the ~ ~7 ~ plat thereof, as recorded in Plat Book 14, page 21, of the Public Records of St. Lucie County, Florida. With all improvements on said property including a 1971 Schlt Mobile Home SN#S100404 Q F - _ - ` - - 4 RfCSY~n = • ~ 7 tN P12..nR cf TEXE= , : ; , = t, A. ~ • • S _ , _ > ! - - ~ Lt~: u': CL.'_•S'C' Its:!{S.3!E P~n:Gr:fl P~FERTY, ~ + _ . Ft...._..a. T. 71-. A%iS OF 1ie71. _ _ .:j ,ti,., 1 1 a ~ 1~ ~ .h•. ~ R CLL&K p~l4T GGJ%T, ST. LUCIE CO.. fl/l.$ - - TOGETHER WITH all improvement now or hereafter located on said real property and all fizturea, appliances, _ apparatus, equipment, heating and air rnnditioning equipment, machinery and articles of personal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter affi:ed to, attached to, placed upon, or used in any way in conneMion wiW the complete and com[ortable use, occupancy, or operation of said real property, all licenses and permit used or required in conneMion wiW tFie use of said real property, all lessee of said real property now or herea[ter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or aecuri- tiea deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profit accruing from said real property , and together with all proceeds of tbe rnnversion, voluntary or involuntary of any of the foregoing into cash or liquidated claims, including without limitation, proceeds of insurance and condemnation awards (the- foregoing said real property, tangible and intangible personal property hereinafter referred to as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foregoing described tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditament and appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead, dower and right of dower, separate setts, posreaeion, 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 warrant that it has a good and marketable title to an indefeasible fee estate in the Mortgaged Property subject to no lien, charge or encumbrance ezcept such as Mortgagee has agreed to accept in writing and Mortgagor covenant that this Mortgage is and will remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the 'i ezceptions herein provided. Mortgagor has Lull power and lawful authority to mortgage the Mortgaged Property in the manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will [orever warrant ~ and defend the same 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. y Mortgagor will, at the cast o[ Mortgagor, and without ezpense to Mortgagee, do, ezecute, acknowledge and deliver all and every such further act, deeds, conveyances, mortgagee, assignment, notices of assignment, transfers and assurances as ~ Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the i performance of the terms hereof. f PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the principal sum of s 10,043.24 as evidenced by that certain promissory note (the Note), of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all other sums advanced by Mortgagee to or on behalf o[ Mortgagor pursuant to the Note or this Mortgage, the final maturity date of the Note and this Mortgage being ~tme 19. 1990 ,and shall per[orm all other covenant and conditions of the Note, all of the terms of which Note are inrnrporated herein by re[erence as though set [orth fully here- in, and of any renewal, a:tension or modification, thereof and of this Mortgage, then this Mortgage and the setts hereby created shall cease and terminate. Mortgagor further conversant and agues with Mortgagee as follows: 1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, eztension l or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States of America i at Mortgagee a 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 t:ea, assessment 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 the Mortgaged Property which may be ~ or bernme au rior to this Mo pe rtgage and to permit no default or delinquency on any other lien, encumbrance or charge against the Mortgaged Property. t 3. I[ required by Mortgagee, to also make monthly deposit with Mortgagee, 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 fazes and assessment which may be levied against the Mortgaged Property, and (if so required) one-twelfth of -the yearly premiums for insurance thereon. The amount of such to:es, aseeaament and premiums, when unknown, shall be estimated by Mortgagee. Such deposit shall be used by Mortgagee to pay such taxes, assessment and premiums when due. Any insufficiency of such •1- 800KJJ~ PAGE1579 - ~