The URL can be used to link to this page

Home My WebLink About09155] 29~~ ~fS.-u~ G o. ac• : ~ •. -~ ~~~° MORTGAGE DEED AND SECURITY AGREEMENT 7'HIS MORTGAGE DE~:F.D (ihe Mortgage), duted as of _ January 8. AJT Constructfon Corp.~#2 .~J~..c- '~ ~yi,~' ~~~~~ ~ ~ ~~ ' ~ " Ihereinai(ter cnlled Mortgugor) and Stll'1 ,Bdnk Of St. Lucie CoUI1ty , huvinR un / uttice t-t 111 OL'clriqe Avenue, FOrt Pierce, . Flotida Iheteinntler ~~ullevl Mortgi~gecl; / W1TNE33~'TH. that in coneidere~tion ot the premisea and in order to secure the ~-ayment ot both the prioci{ial o(, and ~~ inte~rst and any other sucna paya6le on the note (as hereinatter detined) o~ this Mortgage and the pertormance and ob- aervance ot all oi the proviaions hereo( und ot eaid note, MortgaBor hereby granta, aells. warrants, aliens, remisea, mle:-aes. cooveya, nssigns, trans[ers, mortgt~ges and seta over and cootirtns unta Mortgagee. all ot Morigagoi a eatate, riRht, title s-nd intereat in, to and under all that cert~in real property ailuAle in St . Lucie County, F(orida more ~xirti~•ulurly deacribed as tollowa: That portion of Lot 15 lying Soutt~ and East of the following described line: Com~nencing at the c~nnon front corner of Lots 14 and 15 of Block C of RIVER'S EDGE SUBDIVISION run Southeasterly along the.West right-of-way line of F.lyse Cir&le a distance of 2.5 feet to the Point of Beginning ~ thence run on a bearing of S.49 14' W perpendicular to Elyse Circle to the St. Lucie Ri.ver and the point of termination of the line. Also that portion of Lot 16 lying North and West of the following described line: Commencing at the com~on front corner of Lots 15 and 16 of Block C of RIVER'S EDGE SUBDIVISION, run Southeasterly along the West right-of-way line of Elyse Circle a distance of 22.0 feet to a point of curvature, said point being the Point of Beginning, thence run on a bearing of S 490 14' W perpendicular to Elyse Circle to the St. Lucie River and the point of termination of the line. All of the above lying in Block C of RIVER'S EDGE StJBDIVISION as recorded in Plat Book 11, page 21, of the Public Records of St. Lucie County, Florida. TO(:I:THER WITH :dl impwvements now or here~(ter 1«-ated o~ said re~l pro~~erty and :~U ti:tures, applian~•~~, ap{-arutus, equipment, heating and air conditioning equipment, msichinery and arti~•les of ~~eraon~l property and repl~cemenl thereot lother than those owned hy lessees ot said mal property) now or here~tter.at(i:ed to, attached to, plarecf upon, or u.se~ in any w~y in connection with lhe complete :+nd comfortable use, occup:~ncy, or opention o( said real pro~-erly, :~II licenses and permits used or required in connection with the use of said mnl p~operty, all leaaes of s:~id real pmpeity nnw or hen•a(ter enterEd into and all right, tille and interest oi Alortgngor themunder, in~•luding withuut limitatiun, cash or se~•uri- ties de~wsited lhereunder pur.cuant lu x:~id leases,.and all rents, issues, pr«~eeda, and profits accruing trom s:~id re:~l pro{x rty :~ud together with all pro~reds of the con~erxion, ~•oluntary or involuntary o( any u( the toregoing into cash or liquidated ~•laims, inclading without limit~lion, proceeds ot insurance and condemnation awards (the foreguinR said real pmperty, tangible and in4~ngible ~xrsonal pm~~erty herein:~tler reterred to :is the Mortgag~d Pro~~ertyl. 1~1ortgagor hrreby Kr:~nts to Mortgagee a~ea•urily inlerest in lhe toreg~~inR descrilxrl l~ngible and intanR~ble ~~ersoual propc~rfy. 7'O HAVE AND 'I'n HOI.D the MortgaRed Pro~~erty, logether with all Hnd singular the lenements, heredit:~ments :~nd :~ppurten:~nc-es ther~untu hrlonRing or in anywise ap~~ertaining and the rnversion and re~•ersions thereof and all the estate. riRhl, title, intcrest, homestead, duwer vnd right o( dower, se~~arale estate. po.gsc~sion, claim and dem:~nd whatsuever, as well ire law as in equily, of 1~1ortRaRor :~nd unto the s:~me, :~nd every ~ti~rt thereot, v-~ith the appurlen:~nces ot MortRaRor in and to th~ same, :~nd e~•ery ~-:~rt ~nd par~•el thereuf unto MortR:~Rer_ Mortg:~Ror warrants that it has a guud and m:ukrtable title to :~~ indc•fe.isible (ec• ~wt:~te in the MortR:~K~Y~ !'ro~~•rty subj~~•t to nu lien, ~•harRe or eni•umbran~r eYCepl such as M~rtg:~q~~ h:~s aKrc~txl lo a~-cept in w•rilinR and MortR:~gor ~•orenants that this l11orlRilRP IS and will remain a v:ilid and en(orcraF~le first mortRa~te on the MortRagecf Ym~-erty sutye~•t only to the ezreptions herein pro~~idcd. hlortgagor has fuU E-ower and lawtul aulhority to mortg:~gr the 111ortgaged Pru~-erty in the manner :~nd (orm herein done or intrnded hereafler to I~e done. MortRaRor will preserve auch title and will forrver warranl :u~d detend lhe ~mF lo I11ortRagee and wi4 fore~•er wnrrnnt :~nd defend the ~•:~lid~ty :~nd priority ~( the lien hPn~-f aRainat the ~•la~ms o( :dl ~~ersons and ~-artiex w~homsoe~•er_ I~1nrIR:-gor will, at the ~•ost ot 111ortgagor, and withoul eY~x~n.~ to MortRagee, do, exe~•ute, acknowlerlRc ~nd deliver all and e~~erv auch further ai•l.a, drerls, conveyances, mortR:~Res, :-a.aiRnments, noticc~ of as~iRnment, tr.~ns(erx and aagur.~nc-c~ as Mortgag~e shall (rom time to time nK~uire in order lo preaen•e thP priority of lhe liPn o( this A1ortRaRe or to f~c•ilitate the ~~rtorman~~e of the terms hercK-f. PROVIDF.D, HO~VF VER, that if MoriRaRor sh:~lt ~-:iy to 1lturtKaRtr the indebtednr~s in the prim•i~-:+I sum ot S 30.000_OQ as evidenced by that certain pmmi+sory note Ithe Nole1, o( e~~en dat~ herewilh, exe.•utcKl by 111ortRa~or and {x~y:~ble to urder o( 1NortR:~Ree, with inlerest and upon the terms as provided therein, and t~~Rether vvith all ather sums adr.~nc•ed by biortgaRee to or on behalf o( MortK:~Ror pursuant to the Note or this Mortg~Rc•, lhe fina) maturity d:de ot the Note and this Mortgaqe being October 5, 1981 , and shall ~-ertorm aU other ~•ovenants and ~-unditions of the Note, all o( the lerm.a of which Note are ini•or~wrated herein by reference as lhouRh set (orth (ully here- in, and ot any renewal, eYtension or mali(ication, lhereo! and of thi4 MoHKaqe, then this \lortg~ge and the c•state herehy rreate~f shall i•ease :~nd terminale. MorlgaRur further convenants and agrers with Mortgagre as (ollows: l. To pay all sums, including interest se~vrc~t hemby when duv, as providcY! (or in lhe Note and any rene~+al, extension or m~xt~fication thereo( :~nd in thig A1ortRage, all such sums to F~e FH~yable in lawtul money o( the United St:~t~ ot America :~t MortRaRee a a(nrew~id principal o(fice, or at such other place ~a MortRaRc~ may design~te in writing. `l. To pay when due, and without requirinR any notice (rom Morlgagee, all tases, :issessmenta u( any ty~-e or nature and other rharqes le~•ied or as_sesaed against the Mortgaged Pruperty or this Mortqage and produce receipta therefor u~wn demand. To immediately ~y and discharge any claim, lien or encumbran~-e against the Mortgaged Pro~~erty which may tx~ or t~ecome superior to this Mortg:~ge and lo ~~ermit no ae(ault or delinquency on any olher lien, encumbrance or CF1:~~P aRainst the MorlgaRed Pro~~erly. 3. If required by MortgaRre, to also make monthly deposita with Mortgagee, in a rwn-inlerest F-earing account, to- Rether with and in nddition to interest s~nd princi~~al, of a sum equal to one-twel(th of ihe yearly ta:es and assesaments vvhich m:~y be levied aqainst the Mortgaged Properly, and (it ao required) one-tweltth ot the yearly premiums tor inaurance thereon. The :~mount ot such taxe~, asseasmenta and premiuma, when unknown, ahal) be estimated by Morlgagee_ Such de~iosits shall I~e u.~ by MortRaRee to pay such taxes, ~s.gesements and premiums when due. Any insu(ticiency of surh ~nCET1V9~ p. ~O . ~ __~I~ L'.~ ~n.~n~ /~~ TQ1f0~ -i- C~~~ On i:i ~_s ..~,.• !;~t;n ~~t;te P•:; ~.,_.~a.: rt,, 4ftY: ~~• ... ~ , ~r~.~;,:?r "ii. S:i=., ;,:,ts Os +g~~, , 19 ~l, by und 1-rtw ~ 'I~3~~ PaGE 913 ~v~iER POtTR~;S ~-~~ 6~;OK ~"IprS rtfCllt; (~pilfl, .5~. ~.UCI@. CO.~ F~b,