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MORTGAGE DEED AND SECURITY AGREEMENT 13/
THIS MORTGAGE DF:[sD (the Mortgage), doted as of December 10 , 19 8O, I+y ~+nd I+ctween
Lon F. Parsons A/K/A Lon B. Parsons
Ihereinatter called MorigagoN and Sun Bank of St. Lucie COUnty ,having un
office at 111 Orange Avenue, Ft. Pierce, FL ,Florida (hereinafter culled Mortgagee-;
W1TNE3SETH, that in consideration of the premises and in order to secure the Ixryment of both the principal of, and
interest and any other sumo payable on the note las hereinafter defined) or this Mortgage and the performance and o~-
servance of all of the provisions hereof and of said note, Mortgagor hereby grants, sells, warrants, aliens, remises, releases,
<•omeys, assigns, transfers, mortgagee and sets over and confirms unto Mortgagee, all of Mortgagors estate, right, title and
interest in, to and under all that certain real property situate in St. Lucie ('ounty, Florida more Ix+rtic•ul:+rly
desc•rit+ed as follows:
Lot 4, Block H (13) TOWN OF EDGARTOWN, according to the plat
thereof as recorded in Plat Book 1, Page 160 of the public
~ records of St. Lucie County, Florida.
~ .~~
Recr-ivect 4 ~1~_.._In Payment O( Texts!
- ~ _ p,:n On (:Igcs .•('•• Intangible F~r~.~~a~ oroho,ty
_ ou«;,r+n1 To Chapter 71, i34. Ac;~ i7* '~4~1,
ROGER POITRr.S
_ _. __ . _ _ , : tw~~ C+rcuit Court, St. Lucie, Co., Flts,
TOGETHER WITH all improvements now or hereafter 1«•ated on s:+id real pro{-erty and all fixtures, applianns,
apt+.-+ratus, equipment, healing and air conditioning equipment, machinery and articles of personal property and repL•+cement
thereof (other than those owned by lessees of said real property) now or hereafter affixed to, attached to, placed uf+on, or
used in :+ny way in connection with the complete and comfortable use, «•cut+:+nc•y, or operation of said real I+roperly, s+ll
licenses and permits used or required in connection with the use of said real property, all leases of said real property now or
hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or scK•uri-
ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and profits accruing from s:+id real prot+erty
and together with all proceeds of the conversion, voluntary or involuntary of any of the foregoing into cash or liquidated
claims, including without limitation, pr«•eeds of insurance and condemnation awards (the foregoing said real property,
tangible and intangible tersonal prot-eriy hereinafter referred to as the Mortgaged Proterty-. I1lortgagor hereby grants
to Mortgagee a security interest in the foregoing described tangible and intangible personal property.
TO HAVE. AND TO HOLD the Mortgaged Prot+erly, 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 same, and every I+:+rt and t+:+n•el thereof unto Mortgagee.
Mortgagor warr:nts that it has a good and marketable title to an indefeasible tc•c• estate in the Mortgaged Protx•rty
cuhject to no lien, charge or encumbrance except such as Mortgagee has agreed to accrpt in writing and Mortgagor cotenants
that this Mortgage is and will remain a valid and entoneable first mortgage on the Mortgaged Proterty suf-jec•t only to the
exceptions herein provided. Mortgagor h:+s full tower and lawful :maturity to mortgage the Mortgaged Proterty in the
m:+nner :and form herein done or intended hereafter to he done. Mortg:gor will treserve such title and will forever warr.+nl
:+nd defend the s:+me to Mortgagee and will forever warr.+nt and defend the validity and priority of the lien hereof against
the claims of all tx•rsons and I+ariies whomw,ever.
Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, execute, acknpwledge and deliver all
:+nd every such further acts, deeds, conveyances, mortgages, :+s,4ignmenls, notices of assignment, transfers and as4ur.+nces as
Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the
Imrformance of the terms hereof.
PROVIDED, HOWEVER, that i( Mortgagor shall t+:+y to Mortgagor the indebtedness in the princit,:d sum of
$ 18~2U1.60 as evidenced by that certain promissory note (the Note1, of even date herewith, executed by
Mortgagor and I+:+yahle to order of Mortgagee, with interest and ut+on the terms as provided therein, and together with all
other sums advanced by Mortgagee to or on behalf of Mortgagor ,ursuant to the Note or this Mortgage, the final maturity
date of the Note and this Mortgage l,eing December 9, 19~1J ,and shall t+errorm all other covenants and
conditions of the Note, all of the terns of which Note are incorywraled herein by reference as though set forth fully here-
in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby
cmated shall cease and terminate.
Mortgagor further com•enants and agreex with Mortgagee as follows:
1_ To tr.+y :+II sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension
or mcxlitication thereof and in this Mortgage, all such sums to I+e t::+yable in lawful money of the ITnitecl States of Americ-+
at Mortgagee's aforesaid princitud office, or at such other place as Mortgagee may designate in writing.
1
'l. To (x+y when due, and without requiring any notice from Mortgagee, all taxes, assessments of any tyl+e or nature
:+nd other c•t+:+rges levied or asseasEd against the Mortgaged Prolerty or this Mortgage and produce receipts therefor ut+on
demand. To immediately hay and discharge any claim, lien or encumbrance against the Mortgaged Prolerty which may t+e
car 1-ec•ome superior to this Mortgage and to hermit no default or delinquency on :my other lien, encumbrance or charge
s :+Rainst the Mortg:ged Property.
3_ If required try Mortgagee, to also make monthly det-osits with Mortgagee, in anon-interest hearing account, to-
gether with and in addition to interest and princil+:+l, of :+ sum equal to one-twelfth of the yearly taxes and assessmenla which
may 1-e levied against the Mortgaged Property, and lit so required) one-twelfth of the yearly premiums for insur.+nor
the~~resson. The tt:,,+~~mount o66f such taxes, assessments and t~remiums, when unknown, shall he estimated by Mortgagee. Such
TriIS ItraTRt1~E~~HEP a~ Mortgagee to pay such taxes, assessments and premiums when due. Any insufficiency of such
Sun $ank of St. t,~cie County
s ..~.a.K~ ~ I t
uz~solrt ~cono s ~ 80~•,~~ ~'~~~•,