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Home My WebLink About2836S)1;~'~7:3 8~-~P3~ ~~~ ii. a ~/ MORTGAGE DEE~ AND SECURITY AGREEMENT ~ ~~~~ ~3~ 'CHIS MOR1'GAGC DEED (the Mortsage), dated as ot m1,~r 30 , 188Q. , by und between C.B. Grimsley R,`~D Ihereinu(te~ called Mortgagor) and Suri Hdnk of St. LuC~e Couilty~ , havinR ain o((ice at 111 OY'dAq@ AVe. ~ Ft. Piel'Ce , Florida (hereinu(te~ cYilled Morigugee); WITNE3SETH, that in consideration o( the premisea and in order to securc the paymenl of both the pri~cipal of, and inlereat and any olher auma payable on the note (as hereinatter de(ined) or this Mortgage and the performance and ob- aervance o( All of the provisions hereot und ot aaid note, Morigago~ hereby grants, aells, warrents, aliens, remiaea, releaaes. conveys, asaigns, trnnafers, mortgagea and sets over and contirms unto Morlg~see, all oi Mortsagor's estate, riRht, title and interent in. to and u~der al) that certain real ptopecty aituute in . St. LuciF+ County, Florida more ~inrticularly described as tollows: Lot 25, Block 1, CLYDE KILI.ER'S ADDITION, according to the plat thereof, as recorded in Plat Book 4, page 73, of the Public Records of St. Lucie County, Florida. THIS IS A FIRST MORTGAGE. . - - .- ~ ... '~° ~, . ~ c: ~ ', ~ . ~ P,E^~:'IED s 1 ~•o~l III -AY!!f!R OF TA~EE ~ - •, ~~ , ,. ~ ,~ ~. , •• - - CL': C'i Ci~~: 'C t.".Ta.~!: ~lE PikSJtlAI PROPERTY. ~~ `-' - :=~-~j'--;'-' - i fC: _.:,~YT TO (tt'.Ft.. Tl- ~3, A=TS OF 1l71. ` ••-° _ , -- ,j ,•„ .~~ -,:•''r ~ ~ ~. ~ ~ + t .s ? P.IT A; ~1~ ~ ._ _ i: ~--__ __._ _.,--- _~'.. -., -- ( ~l' F~K G:.~•UiT CaUaT, Si, tU..iE CO.. FLA.q}~~~ •"• • 'I'OGETHER \YITH all improvements now or hereafter located on aai I property and all (ixturea, ap{~liances, apparatus, equipment, heating and air conditioning equipment, machinery and a t' es ot peraonal property and re~~lacement thereot (other than those owned by lesseea of said rnal pmperty) now or hereat at(i:ed to, attached to, placed upon, or used in any way in con~ertion with the complete and comtortable use, occu cy, or operation ot said real property, :ill licenses and permits uaed or required in connection with the uae ot said real pro y, all leases ot said re~l property now or hereatter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said leases, and all rents, issues, proceeds, and protits accruing irom said real property and together with all procreda ot the conversion, ~•oluntary or involuntary ot any ot lhe toregoing into cas~ or liquid:~ted claims, including without limitation, proceeda ot insuranre and condemnation awards (the foregoing s:iid mal property, tangible and intangible personal pro~~erty hereinatter referred to as the Mortgaged Yroperty:. Mortgagor hereby Rrants to Mortgagee a security interest in the (oregoing descritxd langible and intangible personal property_ TO HAVE AND TO HOI.D the ~1lortgaRed Property, together with all and singular the tenementa, heredit:iments :~nd appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions lhereot and all the estate, right, title, interest, homestead, dower and right o( dower, separate estate, poBSession, claim and demand whatsoe~•er, as well in law as in equity, of 1~lortgagor and unto the s~me, and every part thereof, with the appurtrnances ot MortRaRor in .~nd to lhe s:~me, and e~•ery p:irt and ~-ar~el lhereot unto MortRaRee. Mortgagor warrants tFwt it has a good and markrtable lille to an indefe:~sihle (ee estate in the Morlgs~Rec1 Yro~-erty subject to no lien, charge or e~cumbrance e:cept such as Mortgagee has aRre~*d to accept in writing and Mort~agor c•n~enants thal this MortAage is and will renwin a valid and enfon•eat-le (irst mortgage on the Mortgaged Property subjec•t only to the e:ceptions herein pmvided. Mortgagor tws tull power and lawful authority to mortgage the Mortgaged Property in the manner and (orm herein done or intended hereafter to be done. Mortgagor will presene such title and will forever warrant and de(end the same to Mortqagee and wil) fore~•er warr~nt and defend the validity and priarily o( the lien herc~( aRainst the claims ot all ~-ersons and parties whomsoe~~er. Mortgagor will, at the cosl of Mortgagor, and without expense to MortgaRee, do, e:ecute, :+cknowleJge :~nd deliver all :~nd every such further acts, deeds, conveyances, mortgages, assignments, notices of assiRnment, transfers and assurances as Mortgagee shall (rom time to time require in order to ~ireserve the priority ot the lien of this MortRaKe or to (ncilitate the pertormance of the terms hereof. PROVIDED. HOWEVER, that i( Mortgagor shall ~-ay to blortRagee the indeMedness in lhe principal sum o( E S~S17.7d as e~•iden~-ed by that certain promissory note (the Notel, o( even datc herewith, executed by MortRagor and ~k~yable to order of Mortgagee, with interest and upon the terms as provided therein, and together wilh all othcr sums advanced by Mortgagee to or on behalf ot MoriRaRor pursuant to ihe Note or lhis Mortqage, the final maturily date of the Note and this Mortgage being Dec~ber 29~ 19&5 , and shall pertorm all other covenants and conditions of the Note, all of the terms of which Note are incorywrated herein by reference as lhouqh set forth (ully here- in, and o[ any renewal, extension or modi(ication, thereot and of this MoriRage, ihen lhis Mortgage and the eslate hereby ~•reatcYf shall cease and terminate. Mortgagor turther convenants and agrees with Morlgagee as tollows: 1. To pay all sums, including intereat secured hereby when due, :ss provided for in the Note and any renewal, exlension or modi(ication thereof and in this MortKage, all such sums to be payable in law(ul money o( the Unitecl St:~tes ot America at MortRaqee's a(oresaid prin~ipal office, or at such other place as MortRaRee may designate in writinR. 'l. To pay when due, and withoul requiring any notice from Mortgagee, all ta:es, as.sessments of any lype or nature :~nd other charges levied or asses.ged against the Mortgaged Property or this Mortgage and produce receipts therefor upon demand. To immediately pay and discharge any claim, lien or encumbrance against the Morlgaged Pro~~erty which may be or become superior to this MortgaRe and to permit no detault or delinquency on any other lien, encumbrance or charge :~Rainst the Mortgaged Pro~~erty. 3. It required by MorlgaRee, to alst~ make monthly de~wsits with Mortgagee, in a non-interest bearing account, to- qether with and in addition to interest and principal, o( a sum equal to one-twelfth of the yearly ta:es and as.gessments which may t-e le~•ied againat the Mortgaged Property, and li( so required) one-twel(th of the yearly premiums (or insurance thereon. The amount o( such ta:ea, assessmenta and premiums, when unknown, ahall be estimated by Mortgagee_ Such deposita shall be uaed by MortgaRee to pay such tazes, asxessmenta and premiuma when due. Any insutticiency of such /NIS IHSTRU~AENT PREPIIRED L1 Sun Bank of S~ lucie Cocnty -~- ; ~y M. B,...FFeeman ~ FO;tT PIERCE. FLORICA ] t 2 :UUT H 3ECONp $TREEX .r,;- _ _ ~~,~::~~-•..,,~ r~~.~....~_e,. .~-_:._ ~ 311~:1K345 PaGt28`35 - -~"~ N~~