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Home My WebLink About0283 i ~ SU3931 ~ MORTGAGE DEEP AIyD SECURITIF AG~iEEMENT THIS MORTGAGE. DEED (the Mortgage), dated as of October 3 , l~~ . by sad between RALPH E. CRIBBS, SR. and MARC~T B. CRIBBS, his wife (lteceiaatter piled Mortgagor and _ SIAV BANK OF ST. LUCIE OOLA~TTY - ,having an omoe at 111 Or n e AvE~, Fo~et Pierce, Fla. 33450 (hereinafter ailed Mortgagee): Wf1'NESSETH, that la coadderation of the premises and in order to secure rive payment of both the prfndpal of, and interest and any other wms payabb oa the rate (at hereinafur dented) or this Mortgage and the performance and observance of cell of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrannts„ convey:, aaiyts, ttanskrs, mortgages and set: over and confums unto Mortgagee, all of Mortgagor's estate, right, dtb and interest iu. to and order cell that certain real property sitwte in St. Lucie - county, Fbrida, more putirztluly described as [oYows: Lot 4, less the North 10 feet for State Road 68, Block 'B", WES"f END ADDITION, as per plat thereof on file in Plat Book 2, at page 5 of the Public Records of St. Lucie couTlty, Florida.. - - - - - - ~ vim` ' Hecawtld S M Psymant Ot Tti<ttss - ~ "K~ ~ : - ~ Due On Cttus "C" MtiWtp~ PKSOrutl PtOpNq. ~ 4f tE'11 C~' Od :.'t ; > tt. = I ~ t'.. =s ~ { O ~ ~ ~ ~ uttit.3fll To C~1~ . 1~r C • b ` • - : 2 ' 1 IIf~EA rOfl'11Atj Y' 1 ~ . ` Clerk Cirplk CoMrt. Sf. t+ud~ C0. t~fa TOGETHER WITH all improremrnts now or 6erafur loafed on said real property and cell fixtures, appliances, apparatus, equipment, ltrrnishings, heating and air eonditioning,equipment, machinery and amides of personal property and replacement thereof (other than those owned by kaaea of raid real Property) now or hereafter affixed to, attscbed to, planed upon, or used in any way in connection with the complete and omrtforiabie we, oaxtpaacy, or opetatioa of the said real Property. all Uceoses and permits used or required in connection with Ute use.of said real property, cell leases of said real property naw or hereofter. enured into and cell right, title and interest of Moriaagor thereunder, including wiWout limitation, ash or securities deposited thereunder purwant to said leases, and cell rents. issues, proceeds, and profits accruing fromsaid rata property and together with cell proceeds of the converaou, voluntary or involuntary of any of the foregoing into ash or liquidated claims. includ- irtg without Umitation, proceeds of insurance and cordemmtion awards (the foregoing said real property, tangible and intangible personal property hereinafter referred to collectively ai the Mortgaged Property). Mortgagor hereby gaols to Mortgagee a security interest in the foregoing described tangtbk sod intang~k Peed P~rtY- TO HAVE AND TO HOLD Ute Mortgaged Property, together with all and singular. the tenements, hereditament: and appurtenanon there- unto belortgirtg or in utywise appertaining and the reversion and reversions thereof and all the estate, right, title, interest, homestead. dower and right of dower, separate estau, possession, claim and demand whatsoever, as well in law as in equity, of Mortgagor and unto the same, and every put thereof, with the appurtenances of Mortgsgor in and to the same, and every part and puod thereof unto Mortgagee. Mortgagor warrants that Mortgagor has a good and marketable title to an indefeas~k fee estate in the real peoperiy comprising the Mort- gaged Property subject to no lien, charge or encumbrance except sudn as Mortgagee has agreed to accept in writing and Mortgagor oorenanu that this Mortgage is and will remain a valid and ertfororabk mortgage on the Mortgsged Property subject only to the exceptions herein provided. Mortgagor has full power and lawful auWority to mortgage the Mortgaged. Property in the manner and form herein done or intrnded hereafter to i be done. Mortgagor ariU preserve such title and will forever warrant and defend the same to Mortgagee and will forever wurant and defend the f validity and priority of the Lien hereof against the claims o[ all persons and putics whomsoever. Mortgagor will, at the cost of Mortgagor. and without expense to Mortgagee, do, execute, acknowledge and deliver all and every such further acts, deeds, eonveyaaca, mortgages, assignments, notices of sssignmrnt, ttutsfers and assurances as Mortgagee shall from time to time require in order to preserve the priority of We lirn of this Mortgage or to facilitate We performwce of the terms hereof. ~ 12 000.00 PROVIDED, HOWEVER, that it Mortgagor shall pay to Mortgagce the indebtedness in the principal sum of ~ as evidenced by that certain promissory note (the Note), of even date herewith, executed by Mortgagor and payable to order of Mortgagee, with inurest and upon the terms as provided therein, and togeWer with all other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or this Mortgage, the Total maturity date of the Note and this Mortgage being NOYe1t~eT 1,, 1985 and shall perform all other covenants and conditions of the Note, all of the terms of which Note are incorporated herein by reference as though set forth fully herein, and of any renewal, exunsion or modifation, thereot and of this Mortgage, then this Mortgage and the estate hereby created shall ease and terminate. Mortgagor further covenants and agrees wiUt Mortgagee as follows: - 1. To pay all sums, including interat secured hereby whrn due, as provided for in the Note and any renewal. extension or modJation thereof and in this Mortgage, all such sums-to be payable in lawful money of the United States of Ameria at Mortgagee's aforesaid principal office, or at such other place u Mortgagee may designate in writing. ( - 2. To pry when due, anid without requiring any notice from Mortgagee, all taxes, assessments of any type or mture and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts therefor upon demand. To immediately pay and dis- charge any claim, Uw or rnambrance against the Mortgaged Property which may be or become wperior to this Mortgage and to permit no default t or delinquency on any other Uen, enctrmbnnce or charge against the Mortgaged Property. - - 3. if requited by Mortgagee, to also make monthly deposits with Mortgagee, in a non-interat bearing account, together with and in addi- tion to mutest and prindpal, ~f a wm equal to one-twelfW of the yearly taxes and assessments which may be levied against the Mortgaged Prop• erty, and (J so requited) onatwelfth of the yearly premiums for inwrance thereon. The amount of such taxes, assessmrnts and premiums, when unknown, shall be estimated by Mortgagee. Sudr deposits shalt be used by Mortgagee to pay such taxes, assessments and premiums when due. Any inwfficrency of such account to Pay wch charges whrn due shall be paid by Mortgagor to Mortgagee on demand. If, by reason of any default by. Mortgagor order any provision of this Mortgage, Mortgagee declara all sums secured hereby to be due and payable, Mortgagee may thrn apply any [nods io said account against the entire indebtedness secured hereby. The enforceability d the covenants relating to taxes, assessments and imutance premiums herein otherwise provided shall not be affected except insofar as thane obligations bare been met by compliance with this puagraph. Mortgagee may from time to time at its option waive, and afar any such waiver reirtstau, arty or all provisions hereof requiring such deposits, by notice to Mortgage in wtitirg. While any such waiver it in effect, Mortgagor shall pay taxes, assessments and iraurartoe premiums as hereto elsewhere provided. ' +.6o~3.~s - - 1- son 3~ ~ y. ~ ~ _ _ eve r. - _