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HomeMy WebLinkAbout2828 Y~-g3a ~s3 5~2.2'71 ~~-~3.~~s3 . ~ 5a .05 MORTGAGE DEED AND SECURfTY AGREEMENT ~9' TH1S MOR'I'GAGE DEkD (the MortgaAe), dated us ot December 24 . ~y 80, hy z1nd 1-etwcen 13~ Ronald K. Robinson and Grace A. Robinson, his wife Ihemina(ter cnlicd Mortgagor) nnd S11ri Bank Of St. Lucie COtltlty , having u~ ~~~~i.~ n~ 111 Orange Avenue, Ft. Pierce, FL , Florida Iheminatte~ called Mortgugee); IS WITNESSF'!'H, that i~ consideration ot the premises nnd in order to secure the p u yment o( Iwth the princi p ai o(, a n d ~9~ interest and any other aums payable on the note (Aa hereinatter detined) or thia Mortgnge and the per(ormance and ob- aervance ot all ot the provisions hereo[ and of said note, Mortgagor hereby g~nta, sella, warrants, aliena, rrmises, releases, conveya, assigne, transters, moHgagea and seta over and contirms unto Mortgngee, all ot MortRogor s eatate. tiRht, title und intereat in, to and under nll that certain real pro~~erty situutein St. Lucie County, Floridu more ~x~rli~•ulariy descritxd as tollows: Lot 1, Black 29, PARADISE PARK, according to the plat thereof, as recorded in Plat Book 8, page 17, of the Public Records of St. Lucie County, Florida. RfC~VEO i S'~•O ~- IM ~AYMIlEfR OF TAXR 01le Q11 CIRS= •C IIITIINC'BLE P[RSDt1Al P.40TERTY. , . - _ . - _ ~ FO:SJ:,11T TO CFLlPTci 71-="i, a~TS oF if71. .. ; • .. R;Ju:R P:,IT :ai ~ -- i • • ~ . i: ~ ' - '. . • C1JiK q2GQIT COtlRT. ST. LU-IE C0. iLA.~~ : ''' :: ,• ~;:,~. •, ~ - 3 - ~._ :2~:i• ; ~ - ' ~~-.~~~ -.~ -- i 9. 1 ~ 1 ; . ^ : ~. : `-. . ~~ . _.. ~ . _ ~- 'I'OGETHER WITH all improvements now or herea(ter located on s:~id real property and aii (ixtures, appliances, ap~k~ratus, equipmenl, heating and nir condilioni~q equipment, machinery and articlcs ot personal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter a(tixed to, attached to, ~~laced upon, or used in uny way in connertion with the complete and rnmforlable use, occupancy, or operation of said real pro{~erty, :dl licenses and permits u.ged or rrquired in connectiun with the use ot said real property, all leases ot s:~id real property now or herea(ter entered into and all right, title and interest o( Mortgagor thereunder, i~cluding without limitation, c:~sh or sec•uri- ties de~wsited themunder pursuant to said leases, and all renb, issues, proceeds, and profits accruing (rom s:iid real property and together with all procc~ls ot ihe conversion, ~•oluntary or involuntary of :~ny ot the (omgoing into cash or liquid:ited claims, including without limitation, proceeds of insurance and condemn:dion aMards Ithe foregoing said m:~l ~~roperty, tangible~~ d intangible personal pro~~erly heminaRer reterred to as the Morfgaged Yro~~erty). biurtRagor hereby Rranls lo Mortgt3gee a securily interest in the toregoinR descritxrl tangible and intanRible ~iersonal properly. 'PO HAVE AND TO HOLD fhe Mortgagecl Pro~~erty, logether with all :ind sinqular the tenements, heredit:~ments and appurtenances lhereunto belonging or in anywise ap{~erfaining and the mversion and reve~sions thereof and all the estate, right, title, interest, homestead, dower and right ot dower, sepante estate, posge~sion, claim and demand whats~-e~~er, as well in law 1s in equily, ot Morfgagor :~nd unto fhe s:ime, and every part thereot, with the appurtenances of MortRaRor in :~nd to the s:~me, and e~~ery ~h~rt and ~~:~rcel thermf unto A1ortRaKee. Mortgagor v~arrants thal it has a guod and marketable title to c~n indefe:isible tee estate in Ihe :lfortRaRec1 Yro~~rly subject lo no lien, ~•harge or encumbrance except such as MortRagee has aKreed to ai•~rpt in writing and Mortgagor ~-o~~enants that this hlortgage is and wiU mmain a valid and en(orc~eable tirst mortgaRe on the Mortgaged Pro~~erty subjec•t only to the ezceptior~g herein pmvided. MortgaRor has full ~wwer and (aw(ul authorit_y to ~nortgage the MortgaReci Yro~~erty in lhe m:inner and (orm herein done or intended hernatter to t~e done. MortR:igor will ~~rc•serve such liile and will forever warr.int and de(end fhe s:ime fo MortRaRec and will torever warr:mt and defend the ~~alidity and priority of the lien henY-f aRainsl the ctaims o( all ~~ersons and ~h~rties whomsuever. ~ Mortgagor wi11, at the cost o( Mortqagor, and without expense lo A1ortRaqee, do, execute, acknowledRe and delieer all and every such (urther acts, deeds, conveyances, mortRages, .~ignments, aotices ot assiRnment, transfers and asvur.~n~es as MortgaRee shall (rom time to time myuire in order tu presen~e fhe priority o( the lien ~~f this MortRaRe or to ta~•ilitale the ~~erformance of the terms hereof. PROVIDED, HOWF,VER, that if MortRagor shal) pay to MortgaRec the indebtednecs in the princi~-:il sum o( s 26,009.30 ,~s evidenced b that certai~ y promissory note (the Note), of e~•en datc herewith, executed by MoriRaRor and ~~.~yable to order ot Mortgagee, with interest and u~~on the term~ as pro~~ided therein, and toRether with al) Mher sums advanced by Mortgagee to or on behalt of blortRa or pursu:int to the Note or lhis Mortgage, !he final maturity dale of the Note and this Morigage beinq December ~3„ 1990 . ~nd shall ~~erform al) other i-ovenants and ~•unditioa4 of the Note, all o( the terms ot which Note are incor~x~rated herein by mfemnce :u lhough set torth fully herr- in, ~nd ot any renewal, extension or modi(icalion, thereot :~nd of this MortRage, ihen this Morigage and the cstate hereby ~•mated shall cease .~nd terminate. Mortqa~or furiher <•onvenanfs and aRrees with MortRagee :13 ~OIIOW9: L To pay all sums, includinR interest secvred hereby when due, as provided (or in the Note and any renewal, extension ur modification thereof and in this MortRaRe, all surh r~ums to he payable in I~wful money bt the LJnited Statcw o( America at MoHRagee's a(ores;~id principal o(fice, or at such other place as MorlRaQee m:~y de!ziRnate in writinR. 'l. To pay when due, and withoul requiring any notice trom Mortgagee, all taxes, aagessmenls of any ty~~e or n:dure and other charges levied or :issessid aguinst the Mortgaged Property or this Vtortgaqe and produce receipts there(or upon demand. To immedialely ~~ay and Jischarge any claim, lien or encumbrance against the Mortgaged Pro~-erty ~shich may tre or trecome superior to this MortgaRe and to ~~ermit no def~ult or delinquency on am other lien, encumbran~•e or charge aKainst the MortgaRed Pro~-erly- i 3. If required by MoriRaRee, lo also m:ike monthly deE-osits with 1~1ortRagee, in a non-interest F-earing account, to- Relher with and in addition to inlerest and principal, ot a sum equal to one-twel(th of the yearly taxes and assessme~ts whic•h may he levied against the Mortqaged Property, and lif so reyuired) one-twel(th of the yearly premiums tor insurance thereon. The amount o( such taxes, assessments and premiums, when unknown, shall be estimated by Morlgaqee. Such ~ de~~osits shall he used by A1ortRaRee to pay su~h t~xes, asgessments and ~~remiums when due. Any insu(ficiency o( such ~*11S INSTRUAAENT pREPA(tE0 81' ~ ~ of S~ lucie Coun , ~~i~L~.._~.. o ~D ~ r;K~ R ~ ~.i~WT PIERCE, fIORIQA ~~1~1X•-~~~ P~"~f~v~~ ~2 ~QI/tH SECONO STREE~ ._ _._ -,.~:.~- _ - -. ; ;. ... , ~:.-~3 _ _... .._ .-..~ : _ __. _ - =~