HomeMy WebLinkAbout0670TNiS INSTRUMENT WAS PREPARED 8Y G. Vincent Butler, Vice President ~`~1'
CENTURY NATIONAL BAMK MORTGAGE ~~~~~ ;~
OF BROiNARO '^'7r
P. o. aox sioo
s-oRT UIUDERDAIE, RORIDA 33310
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Century National
P. 0. Box 5100
Fort Lauderdale,
Bank of Broward
Florida 33310
herein called the Mortgagee.
v Mortgagor in order to secure the repayment of the indebtedness evidenced by the Note (a copy of which is attached hereto
~: as the last page hereof and incorporated hereinl, with interest thereon, the payment of all other sums. with interest thereon, ad-
;:, vanced in accordance herewith to protect the security of this Mortgage, and the performance of the covenants and agreements of
* Mortgagor contained herein and in said note, does hereby mortgage, grant and convey to Mortgagee the following described prop-
erty situate, lying and being in the State of Florida, County of St • t _i
° See Schedule "A" Attached.
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This mortgage is only junior to that mortgage given to Century
,~ National Bank of Broward, formerly Broward National Bank-of
r.. Fort Lauderdale, dated March 19, 1975, in the amount of $160,000.00,
and recorded in Official Records Book 237, Page 2133, of the Public
,~ Records of St. Lucie County, Florida.
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~ together with all buildings, furniture, fixtures, improvements and all other personal property now located upon the above described
` ' premises, and which may hereafter become located upon the above described premises, together with all renu, royalties, profits, in-
come and revenue now and hereafter accruing from and upon the above described real and personal property including mineral, oil
and gas rights and profits, and water and water rights. This document shall be deemed a security agreement with regard to all such
~r personal property.
Mortgagor covenants with Mortgagee that Mortgagor is lawfully seized of said property in fee simple; that the said Mort-
. gagor has full power and lawful right to mortgage, grant and convey said property; that it shall be lawful for said Mortgagee at all
--- times peaceably and quietly to enter upon, hold, occupy and enjoy said property; that said property is free from all encumbrances;
that said Mortgagor will make such further assurances to perfect the fee simple title to said property in said Mortgagee, as may rea-
sonably be required; and that said Mortgagor does hereby fully warrant the title to said property and will defend the same against
~' the lawful claims of all persons whomsoever.
Provided, however, that if Mortgagor shall pay to Mortgagee the indebtedness described above and shall perform, comply
with and abide by each and every stipulation, agreement, condition and covenant of said promissory note and of phis mortgage then
this mortgage shall be released and satisfied by Mortgagee.
'' For the purpose of inducing the Mortgagee to extend to the Mortgagor the credit hereby evidenced and secured, the Mort-
.s gages and Mortgagor hereby covenant and agree as follows:
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._._, t. Mortgagor shalt promptly pay when first due all indebtedness secured hereby. This covenant shall be construed to con-
stitute an independent, unequivocal and unconditional obligation on the part of the Mortgagor to pay to the Mortgagee the indebt-
;,, edness hereby secured.
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J 2. Mortgagor shall:
a. Unless paid in accordance with paragraph 3, hereof, promptly pay when due all and singular the taxes, assessments,
`~ levies, liabilities, liens and encumbrances of every nature and kind imposed and levied on the above described property or any part
~• thereof; to promptly deliver to the Mortgagee, when received or issued, all official receipts and satisfactions showing performance
~, of the covenants hereof. If the Mortgagor shall default in the performance of the covenants hereof, the said Mortgagee may at any
time, without waiving or affecting his option to foreclose, or any right hereunder, pay said taxes, assessmenu, levies, liabilities and
r encumbrances, and every payment so made by the mortgagee shall bear interest from the date of payment thereof at the highest
J rate allowed by law, as stated in the note.
b. Promptly pay vfien due all intangible personal property taxes; occupation, excise, sales and transaction taxes; unem-
- ployment and withholding taxes; all licenses of whatsoever kind, including but not limited to alcoholic beverage license; and all
`-' other taxes and licenses levied or exacted by any authority relating to the use, operation and business of the Mortgagor conducted
on the aforesaid encumbered property; and to promptly deliver or exhibit to the Mortgagee, when received or issued, all official re-
"~' ceipts and proof of payment of each of the aforesaid.
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- c. Promptly pay when due all operating, maintenance and servicing charges and costs relating to the real and personal
property encumbered by this mortgage, including but not limited to telephone, gas, electricity, water, water connection, sewer,
sewer connections, and all other expenses incurred in the use and operation of said encumbered property, and to furnish or exhibit
to the Mortgagee proof of the performance of the provisiars hereof.
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THIS MORTGAGE is made this 26day of November f9 $Q by and between
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Clarence C. Edewaard and Tekla B. Edewaard ~ '
505 S. W. 18 Avenue
Fort Lauderdale, Florida
herein called the Mortgagor, and