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HomeMy WebLinkAbout0881 ln?s Instrument Nreper.d Cy= JOHN A. DARLSOt~~ ESO. owtttsott ano izoetco. ebsA•rsd 4g35.~5 P. O. l3ox 2315 4Sti S. F.d.r.t Nwy. 8twrt. Ftaas s3a9a MORTGAGE DEED - THIf3 MORTGAGE. executed this day of JU~y A.D., 19. 80.. by JOHN 6. DEAKINS AND JOANNE C. DEAKINS, HIS WIFE, hereinafter called the Mortgagor, which term shall include singular or plural, corporation or individual, and either sex. and shall include the heir, legal representatives. sucreaon and assigns of the Alorigagor, to AMERICAN BANK OF MARTIN COUNTY. a State banking rnrporation organized and existing under the laws of Florida with its principal plar•e of businer in Martin County. Florida, hereinafter called the Mortgagee, which term shall include the successors and assigns of the said Mortgagee. - 1 WITNESSETH THAT, WHEREAS, the Mortgagor has received a loan from the Mortgagee and is justly indebted to the Mortgagee, which indebtedness is hereby acknowledged and is evidenced by a remain promissory note, a copy of which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made a part of this instrument. NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several sums of money mentioned in the said note does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto the said Mortgagee, in fee simple forever, the [ollowing described land, of which said Mortgagor is now seised and possessed and in actual possession St Lucie • . _ ,Count .State of Florida, and more y situate, lying and being in.....'... y particular) described as follows• A condominium parcel designated as Unit No. 512 of _ SAND DOLLAR VILLAS CONDOMINIUM C, according to the. ~ a ' - Declaration thereof recorded in Official Records _ ~ o , s Book 332, page 1133, and amendment thereto recorded ~ ` ~ in Official Records Book 332, page 1432, all in the g Public Records of St. Lucie County, Florida. ° _ ~ ~ A TOGETHER with all .fixtures and appliances located PPP therein, TOGETHER with all of its appurtenances ~ according 'to said Declaration of Condominium, ~ a ~ including but not limited to an undivided 1/47th ~ ~ ; share in the common elements thereof and together Q ~ with all the tenements, hereditaments and appur- P ~ o tenances thereto belonging or in anywise appertaining. ~ q m ; ' ~ ~ ~ - 1 - ~V „t - c ~ « 'T'OGETHER WITH all and singular the tenements, heriditamenta and appurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and hereafter on said land and all 6ztures attached thereto. together with all yenta, issues and profits aaruing tram said premises and aU gas, steam, electric, water, plumb- ing, lighting, ventilating, heating and cooling systems, which now are or may be in or on said premises though they be detached or detachable, including but not limited to all refrigerators, stoves, ovens, appliances and carpets and all additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachments ~ and parts thereof, and any additions, eztenaions or betterments of, in or to the buildings now or hereafter erected on S the said premises. - ~L TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee, in fee simple forever. ~ AND the. said Mort a or hereb rnvenanta and a reea with the said Mort a 8 B Y g g gee as follows: 1. That the Mortgagor is lawfully seized of the above described premises in tee simple and has good right to sell and convey the same to the Mortgagee; that the said premises are free and discharged of and from all tares, tax titles or certificates, judgments, mechanics' liens and encumbrances of any nature or kind whatsoever and that the Mortgagor will fully warn~nt and defend the same to the Mortgagee, against the lawful claims and demands of all persons whora- soever, and will make ouch further assurances to per[ect tee simple title to said land. in the Mortgagee, as may reason- ably berequired, and will pay the several sums. of money agreed in the said note to be paid and all installments of prin- cipal and interest thereon promptly when due, and according to the true tenor and effect of the said note. 2. That the Mortgagor will pay all and singular the fazes, asseasmenta, levies, and encumbrances of every nature on the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof and receipts evidencing payment of said tares, asaeasmenta, levies and encumbrances shall be deposited with the Mort- gagee on or before March 1st of each succeeding year during the term of thin mortgage: and if same be not promptly paid when due, the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any )awful evi- dence thereof, or certificate therefor, without waiving or affecting any right hereunder and in this mortgage, or the said note which this mortgage secures; and such payments or e:penditurea so made shall bear interest [rom the date thereof at the highest legal rate. 3. That the Mo a or will kee all real and l ttg B p personal property now or herea[ter encumbered by the lien of this mortgage insured as may be required from time to time by the Mortgagee against loss by Ere, windstorm and other hazards, casualties and contingencies for such periods and for not less than such amounts as may be required by the Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of only the minimum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be nere3sary to meet and comply fully with all co-insurance requirements contained in said policies to the end that said Mortgagor is not a oo-Insurer thereunder. Insurance shall be written by a rnmpany or rnmpanies approved by the Mortgagee and all policies and renewals thereof shall be held by the Mortgagee- All detailed designations by the Mortgagor which are accepted by the Mortgagee and d00K t~ PAGE _ - - - .