Loading...
HomeMy WebLinkAbout0416 495161 ; , - • ;i,~ ~ It~. 7 ~ MORTGAGE DEED AND SECURITY AG~EE'f1~lENT ~ j'~~~'S ' ~0 '1'lilti MURTGAGI: DF.FD lthe Mortgage), dtded as of July 31 ~ 19 8U , by and tx•tween ~ "0~ Bob L. Shonyo and Carol E. Shonyo Ihereinutter called Mortgagor) and SuR Bank of St. Lucie County ,having an office al 111 Orange Ave. , Ft. Pierce ,Florida (hereinafter called Mortgagee); W1TNF.S.SETH, that in cronsiderntion of the premises and in order to secure the I»+yment of hoth the principal of, and interest and any other sums payable on the note (:+s hereinafter detined? or this Mortgage and the performance and ob- eervnnce of all of the provisions hereof and of said note, Mortgagor hereby grnnta, sells, warrants, aliens, remises, releases, com•eye, assigns, trnns?era, mortgagee and seta over and confirms unto Mortgagees all of Mortgagor's estate, right, title and interest in, to and under all that certain real pml,erty situate in St. Lucie (`ounty, Florida more Is+rtie•ularly desc•rit,ed as follows: 1`^ Tract 8, Block "A", PONY PINES, UNIT 1 as per plat thereof V+? recorded in Plat Book 17, at Page 3 of the Public Records of 1 I St. Lucie County, Florida. R.otltlved • ~ ~ ~ ~ In P.yment 01 Ttdos~ _ Dw On Class "C" httanpibls Ptttraonat ort>q~.q, • ~ : PursusM To Chsptw 71. 13t, Acts O~' ~t, ~ ROGER POITRAS ~ , • ~ ~ 1pry C,rCU1t 000rt, St. Lucie, Co„ Fls. TUGIsTHI:R WITH all improvements now or hereafter located on s:+id real property and all Fixtures, appliances, apt?:+rnlus, equipment, heating and air conditioning equipment, machinery and articles of personal property and replacement thereof (other than those owned by lessees of said real prol,eriy) now or hereafter :cfti:ed to, attached to, I,laced upon, or crscd in any way in connection with the complete and comfortable use, oce•upancy, or operation of said real property, all licenses and permits used or required in connection with the use of s:+id real property, all leases of s:+id real property now or hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing from said real property :+nd together with all proceeds of the conversion, 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 gr.+nts 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, hereditaments 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 estate, possession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the s:+me, and every part thereof, with the appurtenances of Mortgagor in and to the s:+me, and every {,:+rt and Ik+rcel thereof unto Mortgagee_ 114ortgagor warrants that it h:+s a good and marketable title to an indefeasible fee estate in the Mortgaged Property ;abject to no lien, charge or enc•umbr.+nce except such as Mortgagee has agreed to accept in writing and Mortgagor covenants j 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 full Ix,wer and lawful authority to mortgage the Mortgaged Property in the E manner :+nd form herein done or intended hereafter to t,e done. Mortq:+gor will I,resene such title and will forever warrant 0 and defend the s+me to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against the claims of all per4ons and Ix+rties whomsoever. 111ortgagor will, at the cost of Mortgagor, and without exl,ense to Mortgagee, do, execute, acknowledge and deliver all 1 and every such further acts, deeds, conveyances, mortgages, assignments, notices of assignment, transfers and assurances as ',t \forigagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the performance of the terms hereof. PROVIDED, HOWEVER, that if Mortgagor shall pay to blorigagee the indebtednetis in the principal sum of 66p S -8,~35E~114 as evidenced by that certain promissory note (the Note1, of even date herewith, executed by Mortgagor and payable to order of blorigagee, with interest and u{,on the terms as provided therein, and together with all other sums 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 Aortgage being July 31, 1990 ,and shall perform all other covenants and conditions of the Note, all of the terms of which Note are incorl,orated herein by reference as though set forth fully here- in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Nlorigage and the estate hereby created shall cease and terminate. Atorigagor further convenants and agrees with Mortgagee as Follows: . I 1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension or modification thereof and in this Mortgage, all such sums to t,e payable in I:+wful money of the United States of America ~ at Mort rgee's afr,res:+id ,rinc•i r.+l office, or at such other ,lace as Mort + ee ma • desi Hate in writin q~ f I f q~ q 3 q R. 'L. To pay when due, and without requiring any notice from Aortgagee, all taxes, assessments of any tyke or nature and other charges levied or assessed against the l~lortgaged Property or this Mortgage and produce receipts therefor upon ) demand. To imrnediately pay and discharge any claim, lien or encumbrance against the Alorigaged Property w•hic•h may ?,e ur bec•ome sul,erior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge against the 1liortgaged Property. 3. If required by Mortgagee, to also make monthly delx,sits with Mortgagee, in anon-interest I,earinq account, to- gather with and in addition to interest and princ•il,:+l, of a sum equal to one-twelfth of the yearly taxes and assessments which m:+y t,e levied against the Mortgaged Property, and (it so required) one-twelfth of the yearly premiums (or insurance thereon. The amount of such taxes, assessments and premiums, when unknown, shall be estirn:+ted by Mortgagee. Such detxsite shall be used by Mortgagee to pay such taxes, assessments and premiun+.g when due. Any insutticiency of such 1NIb INSTRUMENT PREPARED t3Y Sun Bank of St. Lu^ie ounty 6UOK~ PAGE I .mot: ~ =.~,.E. f ~ usr(oti _ - Fes'