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Home My WebLink About1255.' . ,, SECURITY wpREEMENT ICaATTEL MORT6AGE) RAMCO iOHM {1 ~ UNIFORM COWAENCIAL COOE IIHO. OR CORP.1 ~ ~ ~ ; ' ~ ~~curi#~ c~gre~rneii# ; (CHA 1'I'EL MORTCAGI) ~ ~ ~ht8 ~at'fP1ltCttf, made che 31st day of December 1980 i • ;~ under the laws of the state oE Florida ,~~~ft~UPPIt LOUIE E. CROSS and DOROTHY CROSS . i~ hecein culled the Debtor ;~ ahose business-address is(if none, write "none") . ROOIiI 4~ N@W ROydl P111RS ~ Plaza, 1717 5outh U. S. ~1, Fort Pierce, Florida ; and ahose residence addcess is Route 7~ Edwards Road, Fort Pierce, F10Y'ld8 ;a„d BARBARA BIRCH ' whose address is ~ 1001 TRINIDAD AVENUE, FORT PIERCE, ~ituessE•t12: To secure che paymrnt of an indebtedness in the amounc of s ' payable as follows: herein called the Secvred Pa[ty ~ ~ FLORIDA ~ ~ 22 ~ QQQ . ~0 with intecest, I ~ With interest from date at the rate of twelve (12) percent, ; per annum on the balance f~om time to time remaining unpaid. ! The said principal and interest shall be payable in Zawful money of the United States of America at 1001 Trinidad Avenue, Fort Pierce, Florida, or at such place as may hereafter be ~ designated by written notice from the holder to the marker ' hereof, on the date and in the manner following: Payor shall pay the balance in twenty (20) quarterly payments ' beginning on April 1, 1981, and on July 1, 1981, October-l, 1981, and January 1, 1982 ~nd on like days in each quarter of year ~ thereafter until paid in full. A late charge of four (4) percent shall be added to principal ~ if any quarterly payment is not paid before the tenth (lOth) , day of the month in which the payment is due.Payee may prepay in ' whole or in part at anytime wi.thout penalty except in the year of ~ale. as evidenced by a noce or noces of even dace herea ith, and atso co secure any ocher indebcedness or liability ; of the Debtor to che Secured Pany direcc or indicecc, absoluce or contingrnc, due or to become due, now ezisteng ~ or hereaftet acising, incloding all future advances or loans which may be made at the option of the Secured : Party, (all hereinafter called the "obligations") Debtor hereby grants and conveys to the Secuted Party a secutity interest in, atd mortgages to the Secured Party, (a}the ptoperty described in the schedule herein (heteinafter called the collateral), which collateral the Debtor represents will be used primaril}'- ^_; Eot personal, family ar household put~ses ~~; in farming opecations -=_Xi in business or other use (b) all property, goods and chattels of tee same classes as those schedulc~d, acquire~ by the Debtor sub- sequent to the execution of this agceement aad priot to its termination (c) all proceeds theceof, if an~•, (d) all increases, subscitutions, teplacements, additions and a~cessions thereto. ~ UGBlY)R WARRA~VlS Ct)VF.NANIS AND AGREES AS FOLLO~VS: To pa}' an.1 perfoem .tli uf thc obli~;auonti ~ecureJ by [his agreement accordinK to theit tertns. ~ I~o .iefend ihe ucic ro the collatet..i ega:nst .~11 petsons and against all claims and demands whatsoever, which rollatetal, excrpt fo: ehe secunty imcze~e Kr.~nted hrreby. ~s lawfuily owned by the nebtot and is now free and cleat of any and ali lirn., securit}' ~nterests. rlaims, charges, encumbtences. tazes and assessments etcept as may be set forth ~ in the schedulr. , Un ~em:~nd o( the secured parey to do thr followinR: (urnish further .~ssur.+nce of title~ executP any wntten rKreemenc ot do any other actc necestarg to effec~uate ehe purposes and provisions of this agreement. e:ecu~e any insttumrn~ or statr ~ men[ required b} law• ot oeherwis~ in urder to perfect. cuntinuc or tenninate the securicy intect~t of the Secured Pacty in thc collateral ead pa~ all~costs of filinR in connection therew•ith. ~ To retain possession of the collateral daring the e:istence o[ this aRreement and not to seil. exchange. assign, loan. ~ delivet. (ease, mo~tgage or otherw~ise dispose o( same without the written consenr of the Secured Patty. 4 To keep ehe collatetal ac the locatiun specified_ in the sc6edule and not to remove same (ezcept in the usual couese of , ' ~ ' business for temporary periods) ~•ithout che priot wntten consent ot the Secureo Patty. ~ To keep the collateral free .-nd clear of all liens. charges~ encumbtances. taus and assessments. ~ To pa„ w~hen due, all taxe5, acsessments and ticense fees rela[ing to the collateral. ! To keep the collatecal. .+t bebtor's ow•n cost and expmse, in good repair and condition and not to misuse~ abuse. ~ w•aste or alloN to detetiocate except fot normal weat and cear and to malce same available for inspection by the Secuted ; Pany at all reasonable times, ' To kcep the collateral insureJ a~ainte loss by fire (including eztended coverage) theft and othet hazards as the ' ~ Secuted Patty may require and tu obtain collision insurance i( aPplicable. Policies shall ~e in such (onn and amounts and j i with such compan~es as the Secuted Patty ma~ designate. Policies shell be obtained (rom respoasible insurors.authotized ! i to do business in this state. Cenificates o[ insurance ot policies, payable to t6e respecti~e parties as their interest may ; appear. shall be deposited with the Secuted Yatty aho is authorized~ but under no duty. to obtain such insurance upon ; i faiiuce of the Debcor to do su. Uebtot shall give immediate ~rritten notice to the Secuted Party and to insuwrs of loss oc i i Jamage to the collateral and shall ptomptly File proofs o( loss writh insu~ots. Debtot hrreby appo~nts the Secured Pacty the ~ `. attomey (ot the Debtor in obtaining. ad~usting anJ cancelling any such insurance and enclotsi~g setdement dtafts and ; ;. hereby assign s- to the Secured Party all sums which may become payable under such insurance, includina retum premiums : ~1 and d~v~dends~ as additional security (ot the indebteJness. ~ ' ~ - ~f,~x 346 pN~F 1252 ~ ___ _ _.~_ _ _.._ __, - - ~- - ~~:=d = ---i -