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Home My WebLink About0872 o' 1 ,,,tf,,, x(15994 - ~ Southeast banks '~nt~~~ MORTGAGE BAI~DON ,5a 29th day of October 1 s ~ at Fort Pierce , Florida THIS MORTGAGE. executed this by Q.b'PQrI CIT1~lS SALES at"E'hNY. INC. . of the first part. hereinafter called the Mortgag«. which term as used heroin in every instenca shall include the Mortgagor's hs~rs. executors. admrmstratora. successors. Isgal representatives and assigns. including all wbssgwnt grantees. either voluntary by act of the parties or involuntary Dy operation of Isw. and shall denote the singular and/or l~~ursl~`and the masculine and/« feminine, and natural and/« artificial persons. whenever and wherever the context so re- au~res « admits. to Southeast FIItST NATIONAL BAS OF FORT PIERfE, e banking association. of the second part. hereinafter tailed the Mortgagee. which term as used herein in every instance shell include the Mortgagee's successors. legal repressntatwes and assigns. including all wbsequent assignees. either voluntary by act of the parties « involuntary by operation of law. W I T N E S S E T H: THAT for divers good and valuable considerations. and also to secure the payment of the aggregate wm of money named in the promissory rwte of even date herewith, hereinafter mentioned. together with interest thereon. and all other sums of money secured hereby ss tiereinaher provided. the ,.,~.;y;,gor doss grant. barg$iiS.'t;$il, aten. reirsitia. re3easa. ca-iey Arid :Ai'ifrm unto Ilse !':3ortgagse. in f8e simple. ' IAA the following land: Lot 28, Block 64, 90U1H PORT ST. IIICIE U[dIT FIVE, according to the Plat thereof as recorded in Plat Bode 14, Pages 12, 12A through 12G, of the Public Records of St. Luicie County, Florida. R*^•y~p E ~0,~0 ffl fArl~'!R Cf' TAXES _ C I Ci": •C' rt{ P_:.5;:..'L P,O~E2TY. FL! .:,_.Jff l0 a::., Tl- 3, d~T3 OF 197E il.,- . - :-7 f:..::ri PU (,SAS _ / t ~ie-t~ Cl ~ F K g1CtlIT COf ihT, iT. W:~ fX#. ~ - - ~ i. x- ~~-y This mortgage may be assumed by Spartan Developalerlt, Inc., by execution of assumption agreement, w-~thout change ir_ provisions thereof. ~ B ~ All buildings, structures. and improvements of every nature whatsoever now «hereaher situated on the said property. and all furniture, furnishings. '~Ktures. machinery. equipment. inventory and materials on site. and personal property of every nature whatsoever now or hereafter owned by the fJlort- 3agor and located in. on. or used or intended to be used m connection wrth or with the operation of said property. fwddrngs. structures or other improve- „ants mcluding alt extensions additions. improvements. betterments. renewals and replacements to any of the (oregomg, and all of the right. title arxi -,Presr of the Mortgagor in any such personal property or fixtures wblett to a Cotidrtiorial sales contract. chattel mortgage or similar hen ix claim together >r the benefit of any deposits or payments now or hereaher made by the mortgagor or on its behalf Together with all and singular the tenements. hereditaments. easements and appurtenances thereunto belongmg. « in any wise appertaining. and the i ~eHn iswes, and profits thereof, and also all the estate. right. title. interest and all claims and demands whatsoever, as well in law as in egwty. of said Mortgagor in and to the same, and every part and parcel thereof, and also specifically but not by way of Irmitation all gas and electric fixtures. radiators. j Heaters. water pumps. air conditioning equipment. machinery, boilers. ranges. elevators and motors. bath tubs, s+nks. water closets. water basins. pipes. I faucets. and other plumbing and heating fixtures. mantels. refrigerating plants and ice boxes, vnndaw screens, screen doors. venetian blinds. cornices. storm shutters and awnings, which are now « may hereaher pertain to or be used wrth. in or on said premises. even though they be detached or detachable. are and ~ a'. be deer.„-.ed to be fixtures acid acsess~,rias to the freehold and a part of the realty. I TO HAVE AND TO HOLD the same. together with the tenements. hereditaments end appurtenances thereunto belonging. and the rents. issues ano ;:rofrts thereof. unto the said Mortgagee. The said Mortgagor hereby covenants with the said Mortgagee that the said Mortgagor is rndetaasibly seized with the absolute and fee simple title to t ~3~d property, and has full power and lawful authority to sell. convey, transfer and mortgage the same: that it shall be lawful at any time hereafter for the 3{ Mortgagee to peaceably and quietly enter upon. have, hold and enpy said property. and every part thereof: that said property is free and discharged from all 'ens. encumbrances and claims of any kind, including taxes end assessments, except those that may be set out above or hereinafter: that the Mortgagor wdl make at Mortgagor s expense and at no expense to Mortgagee wch other and further aswrances to perfec! the fee simple title to said land. fixtures and per- sonal property in the Mortgagee as may hereafter be required: and that the Mortgagor hereby fully warrants unto the Mortgagee the title to card property and defend the same against the lawful claims and demands of all persons whomsoever. E NOW. THEREFORE. the conditions of this mortgage are such that if the Mortgagor shall well and truly pay unto the Mortgagee the ndebtedness evidenced by that certain promissory note of even date herewith, made by the Mortgag« and payable to the Mortgagee in the p~rnti al sum of Forty-five 1tlousand and DD/100------------------------- 45.000.00 P . IS the final l ; ayment of which is due on ~~y 1 • l..~a,•, . .together with any note or notes hereaher executed by the Mortgagor ` r Heremby and in accordance with pare raph sixteen of this mort a as hereinafter set forth and secured ~ g g ge ~Y the Gen of this mortgage. together wrth interest as therein stated. and shall perform. comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set forth in ~H~s mortgage and .n the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and v«d. ~ AND. the Mortgagor does hereby covenant Arid agree: t . To pert«m. comply with and abide by each and every the stipulations, agreements. cixiditions and covenants contained ar?d set forth rn said ' ;;romissory note or notes, this mortgage and, if applicable. the loan agreement between the Mortgagee and Mortgag« ~ 2. To pay the indebtedness secured by this instnrment and according to the tree tenor and effect of the promissory note herernabove mentioned or of any renewal thereof, promptly on the day or days the same severally become due. 3. To pay. before becoming delinquent. all obligations. encumbrances, taxes, assessments, paving, sidewalk. sanitary and other assessments, levies r)r Dens. riow «hereaher Givied « imposed upon Or against the mortgaged property. and to exhibit to the Mortgagee before such taxes. assessments. { +ans arid•encumbrances bswme delinquent the official receipts for payment thereof, and if the same «any part thereof be cwt paid before becoming ~ delinquent the Mortgagee may at any time pay the same with accrued interest and charges, d any, without waiving.or affecting Mortgagee's option to # rorecGne this mortgage, or any right hereunder, and every payment so made shall bear interest from the date thereof at the highest rata authorized by law and alt such payments with mtersst shall be secured by the ben hereof s-narct-i~ fttns? tit o6osa~ois 1 (i1~~2 P~iE