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Home My WebLink About0132;'X- ~'~~ k3S i 1„'70~ ~ 3.~ 7 7/l y ~,.~,SJ A~ MORTGAGE DEED AND SECURITY AGREEMENT ~~' THIS MORTGAGE DEED Ithe MortgaRe), dutcd aa of December 12 ly 8~ , by and I~rtwrrn Jerrold Thomas McElfresh and Betty Jo McElfresh, his wife Ihereina(te~ cnlled I1lortR~~gor) s~nd $~ B~k Of $t. Lucie COUAty , huvinR an !~ u(lice at l~l Orange Avenue, Ft. Pierce, FL 33450 . Floridn Iheminutter ~•+~Ilyd MoHgagee-; ~7~7 WlTNE3SF.TH, that in eonaiderntion of the premisea and in order to aecure the ~x+yment o( both the p~inci{-al ot, and intereat nnd any other aums payable on the note (aa hereinafter detined) or this Morigage and the per(orma~ce and ot~- aervance of all ot the provisions hpreo( And ot said note, Mortgagor hereby grants, sella, warrunla, aliens, remisea, iele.~~ces, conveya, assigna, trnnafen, mortgages and sets over a~d confirms unto Mortgagee, All of Mortgagor's estate, riRht, title and inlerent in, to and under ail thal certain mal pro~-er/y situate in St. Lueie ('ounty, F lorid:~ mure ~~:~rtic•ula~ly descrilxd us iollows: - Lot 6, Block 3, INDIAN HILL ESTATES, according to the plat thereof, as recorded in Plat Book 10, page 32, of the Public Records of St. Lucie County, Florida. ~_-•-i-n s e~3. ~`J IN PAY':.'~~IT Of TAXES ! ~ t i f;l"i 'C .'!`..'• .~ ?L _ P.~.~. .'l P.:~~ E~iTY~ ._. :....li T~ ,~~" • 71- i. l.~1S Of 1~71. :,,;:i t P:;IYF.AS ¢ Ll_FK q~-LWt C~tlwT~ ST. WGE COr RA~~ ~ 'I'OGETHkR WiTH all improvements now or herea(ter located on s:~id mal property and all (ixtures, applianc~s, ap~w~ratus, equipment, heating and air conditioning equipmenf, machinery and articles oI personal properly a~d repl:~cement thereot (other than thc,se owned by lessees of said real property) now or herea(ter atfi:ed to, attached to, pla~•rd u~~on, or used in any way in connection with the com{~lete and comforiable use, occu~~ncy, or operation ot said renl ~~m~-erty. :~11 licc~nses and permits used or required in connection with the use ot said real pmperty, all leases ot said re~1 ~ro~r~y now or hereafter entered inlo and all right, tiUe and intemxt o( 1NortRagor themunder, includi~R vrithout limitation, cash ~-r sre•uri- ties depoaited thereunder pursuanf to said leases, :+nd all rents, is~ues, proceeds, and profits accruin~ lrom s:+id mal properl}• and together with all proc•reds of the com•ersion, voluntary or involuntary o( any ot lhe fomgoing into cash or liyuidated claims, including without limitation, proceeds of insurance and condemnation aw~ards Ithe foreqoinq said real ~-roperty. tangible and intanRible ~iersonal pm~~erty hereinafter referred to as lhe 111orlgagrd Yro~-ertyl. MoHRagor heml-v Kr:~nts to Mortgagee a security interest in the (omRoin~ des~•rit-ec! tangible and ~nt:mRible ~iersonal prn~~erty_ TO HAVE AND TO HOIA the I~lortRaged Pro~~erty, together with all and sinRular the tenrmenis, hemdit:~ments and appurten:+nces thereunto belonRinR or in any~+•ise ap~~ertaining and the reversion and reversions thereot and all the estate. riRht, title, interest, homestead, dower and right ot dower, se{~ar.ite estate, ~-usse+sion, claim and demand wh:dsoever, :iv well in law :~s in equity, ot 111ort~aRor and onto lhe same, and every part thereof, w•ith the appurtenanc~s ot 111ortRaRor in and to the s:~mP, and e~rry part and ~~:inrl lhercro( unto R~nrI~aRFe_ Mortgagor warrants thal it has a g«H1 and m.irket.ible tille to an indFfeasible (ec~ est:de in thr MortQaRc~l I'm~-e~rty suiyect to no lien, ~•h:vRe or encumbran~r ex~rpt such as MortR.~R~r hac aRreed tu :u•i•ept in wriling ~nd MortR:~R~,r c~n~enants that this MortR:~ge is and will remain a~•~lid and en(orceable (irst mortg:~Re <,n the i~1ortRaRrd Yru~~erty subjec•t only to the PICP~)~1OILC herein pm~~icled. MortRaRor has (ull ~~ovver and law•ful :iuthority to mortRaRe the Mort~aRrcl Yro~Krty in the m:inner and (orm hemin done or intended hereafter to tie done. Mort~aRor w•ill pmsen•e su~•h title and wil) torever warrant and detend ihe s:~me to MortRaRee and will fore~~er w~arnnt :md defend th~ validity and pnority of the lien hercY-t aRainst the claims ot all ~iersuns and partier. whomsoe~~er_ 111ortRag~>r will, at the ~~t ot 1~lortgaRor, and without ex~-ense to MortR~gE~e, do, execute, acknow•IedRe and deliver .dl and e~~ery sui•h further ac•ts, deeds, conveyances, mortRaRes, assiRnmeMs, notices o( acsiQnment, lransfers and as4urances as MortRaRee shall fmm time tn time myuire in order to prc~en•e the priority of the lirn of thi4 11ortRaKe or to (acilitate the ~x~rformance o( the term.a hereof. PROVIDED, HOWEVER, that i( MortRaRor sh:ill ~w~~~ tc~ I~1ortRa~ce th~ indehtedn~~s in the prin~•i~r:~l sum ot S 11,636~57 ;~s eridenc•ed by that certain promisson• nnte Ithe Note-, o! even date herewith, exec•u1tY1 hy 11ortRaRor :~nd ~-ayable to nrder of !1lortqaRee, with interest and u~-on the terms as pro~•ided therein, and toRether w•ith all other sums ad~:in~•ec1 by MortR:~Ree to or on t-ehalf o( MortQaQor ~ursu:~nt to the Note or this MortgaRe, the fin:~l maturity date o( the Noie and this MnrtgaRr i~eing December 11 ~ 19~~ ,;~nd shall ~ier(orm all other rn~~enants and i•onrlili~~ac of the I~iote, all ot the trrms of w•hich Nute are incory-oratrd herein by reference yg thouRh set torth (ull~ here- in, :~nd of any renewal, extension or m~xlitic•ation, ther~»( and of this Mnrt~;aRe, then this 111ortgage and the estate herehy ~~mated ch~ll cease :~nd terminat~. . lliortRaRor further ~~om•en:mts :~nd aRrees with !~4ort~;aRec~:ffi ~QII(IW9: 1. To ~~:~y all sums, includinR interest sei•ured hernby when due, a~c prov~ded (nr in lhe Nute and a~y mnew•al, extrnsion ~~r m~i(ic:~tion thereof and in this htortKaQe, al) such surr~s to be pay:~ble in I:~w•(ul muney of the UniteKl States nf Amenca :d MortRaRee~s a(ores:+id prin~•ipal offi~e, or at such other plarn as I11ortRaQ~r may desiQn:ite in writinR. 2. To ~iy w~hen due, and wilhout reyuiring any notice trom Mortgagee, :~II 4~xes, assessments ot any ty~-e or nature :~nd other char~es lecicd or ussessed .~gainst the Mortqaqed Pru~~erty or this MortRage and produce receipts therefor u~wn dem.md. To immediately ~wy and discharge any claim, lien or encumbranc•e :~Rainst the Mortgaged Pro~-erty v-'hi~•h may Fx~ or t-ecome su~ierior to this MortgaRe and to ~~ermit no detault or delinquency on :~ny other lien, encumbran~•e or ~•h:~rQr :~~;ainst thr MortgaRed Pro~x rty. 3. 1t required by MortR:~~c~, to also makN monthly de{x-sits with A1ortRaRee, in a non-interest t-ear~nR account, to- gether with and in addition to interest and princi~-:il, ot a sum equal to one-twel(th of the yearly tt~xes and assc:ssments which may t-e levied ugainst the htortg:~Red Pro)~erty, and li[ so reyuired) one-twel(th o( the yearly premiums tor insurance thereon. The amount of such taxes, as.gessments and premiums, when unknown, shall F~ estinuited by MortQa~ee. Such ~~M~~ ~18~g~~IortRaRee to pay yu~h laxes, asv~~sments and premiums w•hen du~_ Any insutficiency of such ~ # St, L,ucie Cou tY _ ~~~ ~~ ~~.~ -,- '~~ ~~E. f~ORIOA . (:k ~ gOIJTN e,+E~pND STREQ BO~K345 Pa~E 131 ~ - = s~~ " - __ _ .~ ~' - _-