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HomeMy WebLinkAbout1096 _ ~, ~ r `~\1tt/~~ , =- _ = ~===Southeast ~~~/~II~~~` MORTGAGE Banks '1'lil S 1 I;S~I f:l~?1!:\ f !'}:E:I':1E:F.1) Ill' : ' l:c•turn to: Timothy b'. Gay;kill, laq, a f . O. ~rawc•r 14127 Qq~ North Palm lic~ach, F1. 3"i40fi ~o 594'73 --~' fNIS MORTGAGE. executed this 5th day ot__ December 19~Q_at Fort PiQrr•e_ Florida by THEODORE T. TARONE and ALICE M. TARONE, his wife; WILLIAM E. EA'PON and MARGARET EATON, his wife; DAVID WARD and MARGAR>T WARD, his wife . ! t~ c. fast part. herernaher Called the Mortgagor. which term as used herein m every rr-stance shall include the Mortgagor's hens. executors. adm~rnstiators. rs,u-s. legal representatives and assigns. including all subsequent grantees. either voluntary by act of the parties or involuntary by operation of law. and :,,~ denote the singular and/or~ plural and the masculine and/or feminine, and natural and/or artdrual oersons. whenever and wherever the rontext so re- a:~ yes or admits to BoutlttsasKFIRST NATIONAL BANK AND TRUST CO. OF RIVIERA BEACH s oankrng assocratron. of the second part. herernaher called the Mortgagee. which as used herein m every instance shall include the Mortgagee's successors. legal representatives and assigns. including all subsequent assignees. either •• :~•tary by act of the parries or involuntary by operation of Isw. W I T N E S S E T H THAT for dryers good and valuable considerations. and also to secure the payment of the aggregate sum of money named in the promissory note of -.en date herewith. hereinaher mentioned. together with interest thereon. and all other sums o1 money secured hereby as hereinafter provided. the '.~;;: tgagor does grant. bargain, sell, alien. remise. release. convey and confirm unto the Mortgagee. in fee srmple. - A, ;he following land: - • _ - ----_--_ __ __ - _-___ _ - i ,i, ~ ; .. i SEE EXHIBIT"A"TO THIS MORTGAGE AND PROMISSORY NOTE FOR LEGAL DESCRIPTION o' ' `• - ~ ry. ~~ fit)oetvad ! O d 0 • is 0 in ~ ayment O/ Truces w ~-. ~, ~ ~~ ~. Due On Ctss~ "C" intangtbie Perspttel_PrOpsrq. _ - pyrry~tlR To CheD~ » • 134. Arts Ot 1~ ~ . --- 1 ROGER POI'iRAB ~~ ~olnb !t L+yoi~ Ca. fM. Aii buildings. structures, and improvements of every nature whatsoever now Or hereaher situated on the card property. and all furniture. furnrshrngs. f ~~s machinery egwpment, inventory and materials on site. and personal property of every nature whatsoever now or hereafter owned by the Mort- f and rotated rn. on. or used or intended to be used in connection with or with the operation of card property. buildings. structures or other rmprove- f •~ nc~ud~ng all extensions. additions. improvements. betterments. renewals and replacements to any of the foregoing. and all of the right true and >r of the Mortgagor rn any such personal property or fixtures subject to a conditional sales contract. charier mortgage or srmdar ben or claim together .. ~~ benefit of any deposits Or payments now or hereafter made by the mortgagor or on its behalt • Together with all and Singular the tenements. hereditaments. easements and appurtenances thereunto belonging. or in any wise appertaining. and the 's +ssues. and profits thereof, and also all the estate, right. title. interest and all claims and demands whatsoever, as well in law as in equity. of said ": •?gagor in and to the same. and every part and parcel thereof. and also specifically but not by way of limitation all gas and electric fixtures- radiators. M .: ~ ~, r s water pumps. air conditioning egwpment. machinery. boilers. ranges. elevators and motors. bath tubs. sinks. water closets. water basins. pipes. '~.: ~±s. and other plumbing and heating fixtures. mantels, refrigerating plants and ice boxes. window screens. screen doors. venetian blinds. corrnces. storm I - .? ~ F r s and awnings. which are now or may hereaher pertain to or be used with. in or on said premises. even though they be detached or detachable. are and s• a~ be deemed to be fixtures and accessories to the freehold and s part of the realty. TO i1AVE AND TO HOLD the same. together with the tenements. hereditaments and appurtenances thereunto belonging. and the rents. issues and ,' ,s thereof. unto the said Mortgagee. ~ The said Mortgagor hereby covenants with the said Mortgagee that the said Mortgagor is indefeasibly seized with the absolute and tee srmple title to - •~ ~ro;:erty. and has full power and lawful authority to sell. convey. transfer and mortgage the same: that it shall be lawful at any time hereaher for the Magee to peaceably and quietly enter upon. have. hold and enjoy said property, and every part thereof: that said property is free and discharged from all 4 s encumbrances and claims of any kind. including taxes and assessments. except those that may be set out above or herernaher: that the Mortgagor will ~: > r e at Mortgagor's expense and at no expense to Mortgagee such other and further assurances to perfect the fee simple title to said land. fixtures and per- - ~ property in the Mortgagee as may hereaher be required: and that the Mortgagor hereby fully warrants unto the Mortgagee the title to said property and .. defend the same against the lawful claims and demands of all persons whomsoever. NOW. THEREFORE. the conditions of this morrgage are wch that if the Mortgagor shall well and truly pay unto the Mortgagee the r,~edness evidenced by that certain promissory note of even date herewith. made by the Mortgagor and payable to the Mortgagee in the :;at sum of One ?4illion Five Hundred Thousand a ---------is 1,500,000.00 ~~~~~~,~,q. I, the final tie on anuary 3I, 198 an .: ent of which is due ~. tp98tler with any note or notes hereafter executed by the Mortgagor -`-~by and in accordance with paragraph sixteen o1 this morrgage as herernaher set forth and secured by the lien of this morrgage, together with interest as stated. and shall perform. comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set forth in •• ~ mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and void AND. the Mortgagor does hereby covenant and agree: I t To perform. comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set lonh in said ,' ~~ ssory note or notes. this morrgage and. if applicable. the ban agreement between the Mortgagee and Mortgagor. 2 To pay the indebtedness secured by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or ;:' any renewal thereof, promptly On the day Or days the wine severally become due. t 3 To pay. before becoming delinquent. all obligations. sncumbrences. taxes, assessments. paving, sidewalk. sanitary and other assessments. levies` • !yens. now or hereaher levied or imposed upon or against the mortgaged property. and to exhibit to the Mortgagee before such taxes. assessments. -,s and encumbrances become delinquent the official receipts for payment thereof. and if the same or any part thereof be not paid before becoming -went the Mortgagee may at any time pay the same with accrued interest and charges. if any. without waiving or aNecting Mortgagee's option to ' -e~~ose this mortgage. or any right hereunder, and every payment so made shall bear interest from the date thereof at the highest rate suthori:ed by Isw •; aei such payments with interest shall be secured by the hen hereof X344 P~1o9.6 SMTG-171Rer.6/7ti) MC~.O-!4-015 -~ _ ..~.. -- .-_F. 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