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MORTGAGE DEED AND SECURITY AGREEMENT
THIS MORTGAGE D~ED (the I~1oNguge), dated us ot Qecember ~~'° , 18.~Q, by :~nd between
EDMUND M. RADKE and MICHAEL B. KANE, III oorporation
Ihereinafter culled Mortgagor) nnd SUN BANIC OF ST. I,~ICIE ~Tl'Y~ a Florida banki.ng/ , 1u-vinR +~n
o(tice at 111 ~Y'at1Q@ AVE.'T1L1E:~ ~OY't Plel'bE'. , Floridu (hereinufler culled Morlgugee);
WITNESSETH. that in considenition ot the premisea and in order to secure the ~yment ot both the pri~ci{~ai of, and
intecest and any other sums pavahle on the note las hereinutter detined) or this Mortgage and the pertorma~ce und ob-
aervance of all ot the pwvisiona hereof and ot aaid note, Mortgugor hereby grants, arlla, warranta, aliens, remiaea, releases,
conveys, aasigne, tranaters, mortgagea and sets ove~ and confirms unto MoHgugee, nll of Mottg~got's estate, riRht, title and
interest in, to and under All that certain m:ii pro~~erty situate in St _ T~r_i ca Couoty, Florida more ~-articularly
described as tollows:
The NW 1/4 of the NW 1/4 at~d the West 1,/2 of the West 1/2 of the t~ 1/4 of
the l~iW 1/4 of Section 24, Taanship 35 South, RarxJe 39 East, lying and being
in St. Lucie Camty, Florida.
Nbrtgagors hereYyy oertify that tlye abov~e described land is not their h~arestead
and that their respectiv~e residenoes are as follows: Ech~uxi M. Radke, 4044
Greernaood Avpxiue, Fbrt Pieroe, Florida 33450; ancl Michael B. Kv~e, III, 4900
Riv~es Plave, Fbrt Pierce, Florida 33450.
T(~ETHER WITH all improvements now or hereatter 1«•ated on s:~id re:d pro~~erty and ~II (ixtures, appliancc~,
ap~u~ratus, equipment, heating and air conditioning equipment, machinery and articles ot {~ersonal property and replacement
thereof (other than those owned by les.gees of snid real pro~~erty) now or hema(ter :~ftixed to, attf~ched to, placed upon, or
useci in any way in connection with the eom~~lete and comfort:~ble use, occu~~:~m•y, or operation o( said real pro~~erty. :~II
licenses and permits uaed or required in connection with the use o( s~id re:d ~~mperty, all ieases of said real propeKy now or
herea(ter entered into and all right, title and inlerest ot Mortgugor thereunder, includinR without limitation, cash or seruri-
ties dePosited thereunder pursuant tu suid leases, :~nd all renl~, issues, proc~eecls, and profits accruing (rom s:~id mal prbprrty
and together with all proceeds of the ~•onversion, ~•oluntary or involuntury of any o[ the foregoing into cash or liquidatecl
claims, including without limitation, proceeds of in.4uran~•e and condemn:~tion awnrds (ihe foregoinR said real pro~~erty,
ts~ngible and intangible {~erson•rl pro~-erty heminafter reterred to as the Mortgaged Yroperty)_ Morigagor hereby Rr.~Ms
to Mortgagee a security interest in the foregoinR dc~•rit~l lanKible :~nd intangiblr ~x•rsonal property.
TO HAV~ AND TO HOLD lhe Mortgaged Pm~~erty, t~ether with all and singular the tenemenls, hereditaments and
, appurtenances thereunto belonRinR or in xnywive ap~~ertaininR and the reversion and reverxions thereof and all the estate,
, tight, title, interest, homestead, duwer :~nd riqht o( dower, se{k~rate est:~te, posse~ion, claim and demand wh:~tsoever, :~~
~ well in law as in equity, of MortR:~gor and unlo the a~me, and every paH lheteof, with ihe appurten:~nces of MortR~Ror in
:~nd to ihe ss~me, and every part and ~u~n~el ihereof unto MoriK:iRee.
Morlqagor warranls lhat it h:~s a good :~nd market:~ble title to an inde(e:~sihle (c~• est:~te i~ the MortR:iRcYl I'r~~~x~rt~
subject to no lien, ~•harge or eni•umhran~~e excepl such as MortKage~c~ h:~s a(;recKl lo a~-cept in writing and MortRagor c•ovenants
that this Mortqage is and will rcmain a ~~alid and enfome:ible (irst mort~aQe on the ~tortRaRed Pro~~erty suhjeet only to !he
exi~eplions herein provided. Mortgagor h:~s tuD ~wwer and lawful :~uthority to mortRage the Alorlg~gecl Pro~~erty in the
manner and form herein done or intendecl hereatter to he done_ Mortqagor will preserve such title and wiU (orever warrant
and detend lhe s:ime to MortRagee and will (ore~•er w~rr:ml :~nd dpfend the validity and priority o( the lien hereof ~Rainst
the elaims of all {~rrsons and ~u~rties whomsoe~•e-.
Mortgagor will, al the cost o( Murtgagor, and without ex~~ense to Alortgagee, do, execute, acknowledRe and deliver all
and every such further acts, deeds, conveyances, moriRaRes, assiRnments, nolices o( :~s4ignment, trsinsfers and as4ur.~n~~es as
1~lortq:~gee shall Imm time to time require in order to pre.rerve thc priority of thP lien of this A1ortRaRe or to (acilitate the
performance of the terms hereof.
PROVOIODUED~~HOWFVER, that it MortRaRor shall pay lo MortQ:~Ree the indebtednc~s in the principal sum of
E 100~ as eviden~•ed by that certain promi4sory note (the Note-, of even date herewith, exe~•ulecl by
hlortqaRor and pays~ble to order of MortRaRee, v-ilh interest :~nd u~~on the terms as provided therein, and together n•ith all
other suma advanred by MoriRagee lo or on heh:ilf of Mi1ta9~gor pursu:int to the Note or thia Mortgage, the (inal m~turity
date of the Note and this MoriRage beinR `7~1'11HLy 1~ 9 1 , and shall pertorm all other ~ovenants and
~-onditions of the Note, all of the terms of whirh Note are incor~wrated herein by reterence as thouRh set torth (ully here-
in, and of any renewal, extension or m«fifir.~tion, thercY-( and of thi4 MortKaRc, then thia hiortRaRe and the estate hereby
~•reated shall cease :~nd terminate.
lllortgagor (urther c•onvenants and .igrees with MortgaRee as (ollows:
1. To ~>ay ~I) sums, inc•luding interest se~•ured hereby when due, as pro~•ided (or in the Note and any mnewal, extension
or modi(ication thereof and in this MortRage, all su~•h sums to t-e ~kiyable in law(ul money of the United States of Ameri~:~
.it MortRaqee's atoresaid princi~k~l o((ice, or at xui•h other place as M~-rtQaRee m:~y desi[;nate in writinR.
2. To ~wy when due, and without requiring any notice (rom Mortgagee, al) taxes, as.gessmenta oI any ty~~e or nature
and other charges levied or as.ses.ged against the 111ortgaged Property or this Mortgage and produce receipts theretor u~wn
demand. To immedi:itely pay and discharge any cl:~im, lien or encumbr~nir against the Mortgaged Property which m~y t-e
or hec~me superior to this MortgaRe and to permit no de(ault ~~r delinqueni•y on any other lien, encumbrance or charge
aKainst the Mortgaged Property. ~
~ 3. I( required by MorlR:iRee, to also make monthly de~xrsits with 111ortqagee, in a non-interest bearing account, to-
Rether v-•ith and in addition to interest and princi~~al, o( a sum equal to one-twelfth of the yearly ta:es and assessments which
m:~y be levied aqainst the Mortgaged Yro~~erty, and lit so reyuired) one-twel(th o( the yearly premiums (or insurance
thereon. The amount of such ta:es, assessments and ~~remiums, when unknown, shall be estim:~ted by Mortgagee. Such
dP~~Sl~s shall be usecf by MortRa~ee to ~y such t~xes, as,geswments and premiuma when due. Any insutticiency of such
~,. ~..~~.:~,., . . . -;~~.,e !~ R.o.~.e ~ .,~~ ~ ~~ in Paymnrt OIT.~..
, ~• . ~ , . • ~ _ . : `. . . . . ., _ 1 _ Dw On Cla~s ..~.. intanpeN Pw~yl_AMMty.
•_ Pura+am To Chspt~ ~1.1l~- A~ Of 1At.
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