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Home My WebLink About283288- g 3 2~~ 5u S~ ~`,~'72~ ~ • g • 3 0 ~IO - 6 . 3 0 MORTGAGE DEED AND S~CURITY AGREEMENT THIS MORTGAGS DEED (the Mortgage), dated as ot ~cember 19 ~ 1980 , by a~d between Keith A. Taig (heminatter called Morigagor) and Su~l Bank of St. Lucie COUAty , havi~g un ottireae 111 Orange Avenue, Ft.Pierce, FL 3345Q , Florida Ihereina(tercalied Mortgugee): WITNE33ETH, that in coneideration ot the premisea and in order to secure the payment of both the principal ot, and i~terest and any other sums payable on the note (as hereinatte~ de[ined) o~ this Mortgage and the per[ormance and ob- aervance ot all ot the pmvisioos hereot and of aaid note, Mortgagor hereby 6ca~ts, selis, warrants, aliens, remiees, releasea, conveys, aseigns, trnnsfers, mortgages and eets over and contirms uoto Mortgagee, all ot Mortgagor s estete, riRht, title and interest in, to and under all that certain rea) property situate in St. LuC1E County, Florida mote partieularly deacribed as (ollows: Lot 10, Block 162, LAKEWOOD PARK, UNIT 12, according to the plat thereof, as recorded in Plat Book 11, pages 26A and 26B, of the Public Records of St. Lucie County, Florida. a~:vEn s g. 3 a n~ P~,ne~tr oF Tiuc[s , .-- -- .. . C"t;c C.i Cit:: 'C lyin}:G:&LE PiRSQltAI PROPEIl1Y. ~ _ ~ •~' , fL':.:,~;~T 7G ~ N:.~?:~ 71-~?4~ ACTS OF 1~71. ~ . i ~ _ ~ ~ ~~' • ' ~ : ~ ' _ - R:~tit P:;ITRAS ~ • . ~ „ , ~ . .~. • ~ ~ : .;~~.; _ ~ ~ ~ ~ Cl~i~1( q+~WT CLdRT~ ST. WGE CO~. F1A.~ : ~ ~ _ ...~ -: j ~:'~ ~' • : ` ~. ' ~"~ -- :.b ~:.~-: 3 . • '' _ - ~-~__' ---.. ~- '['O('ETHER WITH all improvements now or hereatter located on said real property and all (i:tures, ap~~liances, apparatue, equipment, heating and air conditioning equipment, machinery and aHicles of personal property and repl~cement thereot (other lhan those owned by lesxes of said real pmperty) now or hereatter attixed to, attached to, placed upon, or used in any way in connection with the complete and comtortable use, occupancy, or o~-,eralion of said real properiy, :ill licenses and permits used or required in connection with the use of said real property, all leases of said mal property now or hereafter entered into and all right, title and interest o( Mortgagor theceunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said leases, and al) rents, issues, proi~eeds, and profitx accruing (rom said real ~uoperty and together with all proceeds ot the conversion, a~oluntary or involuntary of any o( the toregoing into cash or liquidated claims, including without limitation, pro~~eeds ot insurance and condemrwtion awards (the foregoing said real pruperty, tangible and inlangible personal property hereinafter referred to as the Morigaged Pro{~erty). MoHg:~gor hereby gr:~nts to Mortgagee a security interest in the tomgoing described tangible and intangible personal property_ TO HAVE AND TO HOI.D the Mortgaged Property, together with all and singular ihe tenementa, hrreditamenta sind appurtenances thereunto helonging or in anywise appertaining and the reversion and mversions thcreo( and all the estate, riRht, title, interest, homeslead, dower and right of dower, separate eat:tte, possession, claim and demand whatacever, as wel) in law as in equity, ot Mortgagor and unto the same, and every part thereof, wifh the ~ppurtenances of rlortRaRor in ~nd to the same, and every part and ~k~mel thereof unto MortgaRep Mortgagor warra~ts that it has a good and markelable lille lo an inde(easible (ee rst:~te in the MortRaRed Pro~Mrty subject to no lien. ~•harge or encumbrancr excepl such as htortgagee has agrecd !o accrpt in writing and MortR:igor rnvenants that lhis Mortgage is and will remain a valid and enforceable first mortR:~Re on the Mortgaged Property subject only to lhe exceptiona herein provided. Mortgagor has (ull power and law(ul authorily to morigage the Mortgaged Yro~~erly in the m:-nner and (orm herein done or intended hereafter to he done. Morigagor will preserve such title and will tornver warrant and de(end the same to Mortgagee and wiU [orever w:irrnnt and detencl the validity and priority o( the lien herc~t ~Rainst the claims of all ~~ersons and partiea whomsoever. Mortgagor will, at the cost of Mortgaqor, and without expense to MortRagee, do, execute, acknowledge and deliver vll and every sueh further acts, deeds, conveyances, mortgages, ~ignmenls, noti~es o( assignment, tranaters and assurances as MoHgngee shall from time to fime require in order to preaen•e the priority ot the lien of thia MorfRaRe or to iacilitate lhe ~~rformanc•e of lhe terms hereof_ PROVIDED, HOWEVER, that if MorlRagor shall ~ury to MortR:igee !hr indebtedness in the princi{~:~I sum of S 4~147.60 as evidenced by that certain promissory note (the Note), o! even date herewith, executed by MortRaRor and ~~yable to order of I-Tortgagee, with interest and upon the terma as provided therein, and together with all other sums advanceci by Mortgagee to or on behalt ot Mortg•~Ror ursuant to the Note or this MortRage, ihe tinal maturity date of the Note and this Mortgage being December 18* ~990 , and shall perform all other rnvenants and conditiona of the Nole, all o( the terma ot which Note are incorporated herein by reference as though aet forth tully here- in, and of any rnnewal, extenaion or mcxlification, thereot and of this MortRage, then this 111ortgage and the estate hereby created shall cease and terminate. Mortgagor (urther comenants and agreea with A4ortg.~qee as (ollowa: ~ 1. To pay all sams, inclading interest secured hereby when due, :-s pro~ided tor in the Note and any renewal, e:tenaion x ur modification thereof and in this MortRage, all such sums to be payable in lawfu) money of the LJnited States of America ~ at MortR~R~ a aforesaid principa) o(fice, or at such other place as MorigaRee m~y designate in writing. ~ ~ 2. To pay when due, and without requiring any notice (rom Mortgagee, all taYes, aa.gesaments o( any type or nature :ind other charges levied or asses.sed against the Mortgaged Property or this Mortgage and produce receipta theretor u~wn ; dem:~nd. To immediately pay and discharge any claim, lien or encumt-ran~e against the Mortgaged Pro~~erty which may be ~ or txrome su{~erior to this Mortgage and to permit no default or delinquen~y on any other lien, encumbrance or charge ~ aRainst the MortqaRed Property. ~ 3. It required by Morig:+gee, to also make monthly deEwsita with Mortgaqee, in a non-intereat bearing account, to• gether with and in addition to interest and principal, ot a sum equal to one-twel(th of the yearly ta:ea and aaeessments which m~y t-e levied againat the Mortgaged Property, and 1i( so requircd) one-tweltth of the yearly premiuma tor insurance thereon. The amount of auch ta:es, assessmenta and premiuma, v-hen unknown, ahall be estimated by Morlgagee. Such dr~oaita shall be u.xd by MoHgaqee to pay such t~~xea, aa9essmenta and premiums when due. Any inauf(iciency ot such ~111S INSTRUMEMT PREPAf?Ff` i:T Syl1 ~3~ft Of $~. LUCi COU~t ty _~_ ~ ~y ` ~ ~.~~ ~ ~x345 ~~ar,E2~:3i Rl f'iE E, ~t0?tIDA ~~ 112 SOUTH SECONt~ '.iTAFEi - -=~,._.__ ,_ ~ ~ _ 13' ~~0 _:~