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Home My WebLink About2922rJ't~~ba~ ~ 3 c.~ MORTGAGE DEED AND SECURITY AGREEMENT THIS MORTGAGI's DEED (the Mortgage), dateci aa ot January 8 ~~9 81, hy :~nd F-elween Sidney M. Casselman (hereinufter cn~iea Mo~RHRo~- A~a , g~nBank Of $t . Lucie County , huving :~n otficeut 111 Orange Ave. i Ft. Pieree . Floricla (hereins~tterealled Mortgagre): WITNESSETH, ihat in rnnaideration ot the premises ond in order to eecure the {x~yment of both the principul ot, and inteoest And a~y othe~ suma paynble on the note (aa hereinafter detined) or thia Mortgage and the pertormance and ob- servAnce ot all ot the provisions hereof nnd ot said note. Mortgagor hereby granta, aells, warrants, aliens, remisea, releaaes, com~eya, aasigne, trnnsters, mortgagea and aets over and contirms unto Mortgagee~ t~ll of Mortgagor s eatate, riRht, tiUe und interest in, to and under all thul ce~tain rnal pmperty situute in $t • LUC1@ County, F lorida more ~wrtieularly descritxd as tollowa: Beginning on the quarter section line at a point 129 feet of the center of Section 34, Township 35 South, Range 40 East, thence run Westerly on a line forming an angle of 85~ 30' with said quarter section line as measured from North to West a distance of 294.88 feet to a point; thence run South on a line parallel with the said quarter section line a distance of 97 feet; thence run Easter_ly_on a line forming an angle of_94~ 30`-measu~ed from North to East _from-th~-last described line a distance of 294.88 feet to said quarter section line thence run North along said quarter section line 97 feet to the Point of Beginning. LESS AND EXCEPTING THEREFROM the right-of-way for State Road No. 5. ~ ~ '1'OCETHER ~VITH all improvements now or hereafter located on said real ~~ropeHy :~nd al) (ixtures, appiian~~, ap~k~ratus, equipment, henting and air conditioning equipment, machinery and arlicies ot personal property and replacement thereof (other than those owned by les.gees ot said rral property) now or hematter at(i:ed to, attached to, pluced u~wn, or used in any way in connection with ihe complete a~d comfortable use, occu~k~ncy, or operation ot said real property. :~II licenses and permits used or required in rnnnection with the use o( said real property, all lea.Res ot said real property now or hema(ter entered into and all right, title and interest o( Mortgagor thereunder, inc•luding~without limitation, cash o~ sec•uri- ties de{x,sited ihereunder pursuant to said leases, and all rents, issues, proi•eeds, and profits accruing trom said rn:~l {uu{~erty and together with ali pr«~eeds o( the rom~ersion, ~•oluntary or im•oluntary ot any of the toregoing into cash or liquidated claims, including vvilhout limilalion, proceeds of insuronce and condemnalion :ew~ards (the fomgoing said rea! pro{~ert~, tangible and iMangible personat pro~-erty hereinafter reterred to :~s the Mortgaged Yro~~eKy). Alortgagor hereby grants to Mortg.~gee a securily interest in the (oregoinR describecl langible and intangible ~rsonal property. 'I'n HAVE AND 'IY) HOI.D the Mortg:~Red Pro~~erty, logether vvith all and singular ihe tenements, hereditaments :ind appurtenances thereunto belonginR or in anywise ~p~~ert:~ining and the reversion and reversions thereof and all the estatp, riRht, title, interest, homeslead, dower and right o( dower, separ.de eslate, posseasion, claim and demand whatsoever, as well in I:~w as in equity, of ~1ortRaRor and unto the lsame, and every part lhereof, with the appurtenances ot 111ortRaRor in and to the sime, and e~•ery ~u~rt and ~kin•el thereot unto rlortRnRee. Mortgagor w:~rrants thal it h.~s a good and marketable tiUe to an inde(easihle fee estate in lhe MortgaKc~ Yro~Mrly subjec•t to no 1ien, i•h:irge or encumhrance exrept such as 1~lorlgagee has :~grerd to a~cept in writing and 111orlRagor i•or•enants that this 11'lortg:+ge is and will rem~in a valid arid enforce:ible tirst mortgaRe on the MortRaged Property subject only lo the exceptions herein pmvided. Mortg:~gor has (ull ~wwer and lawful authority to moriR:+ge the Mortgaged Yro~~erly in the m:inner ~nd form herein done or intended hereafter to be done. Mortgagor wil) ~~resen•e such title and will torever warr.~nt and detend the same to MortRaRee ~nd will tomver warrant :+nd defend the validity :~nd priority of the lien hern~( aRainst the claims ot al! persons and ~k~rties whomsoe~•er. hiorlRagor will, :~t the cosl ot Mortgagur, and without ex{~ense to I~lorlgagee, do, execule, acknowledge :~nd deliver ~II :~nd erery sue•h further :~rts, deeds, conveyances, mortQa~Res, :u~siRnments, notices oi :~ssiRnment, iransfers and assur~nces s~s l~tortgagee shall from time to lime require in order lo presen•e fhe priority of the licn of this MortRaQe or to tacilitate the pertarmance ot the terms hereot_ PROVIDF.U, HOWEVER, thal i( AlortgaKor shall p:~y to MortRaRee the indebtedqc:cc in lhe princi{k~l sum o( S 3~QQ•00 :~s eviden~-ed by that cert~in promissory note (the Note1, of even date herewith, execuled by :~tortgagor and ~~ayable to order ot MortRagee, with interest and upon lhe terms as provided therein, and together with all other sums ad~•anced by 111ortRagee to or on behalf ot MortgaRor pursuant to the Note or this Mortgage, the (ina) maturity d.~te of the Note and this Mortgage being Januarv 8~ 1982 , and shall perform all other ~•ovenants and' conditions of the Note, all of the terms of which Note are incory~orated herein by re(erence :is thouRh set (orth fuily here- in, and ot any renew~al, extension or modi(ication, thereof nnd of this MortQ:~Re, then this A'IoHgage and the estate herebv ~•re.~ted shall cease and terminate. ~ . MortgaRor further i•onvenants and agrees with Mortgagcr as (ollows: 1. To ~~y al) sums, including interest secured hereby when due.:~s pro~ided (or in the Note and any mnewal, extension or muJification ihereof and in this MortRage, all such sums !o be ~k~yable in lawful money of lhe linited St:~tes o( Americ:~ :~t hlortRagee's afomsaid prinei~k-~) o(tice, or at such other place as hlortQaRee may desiRnale in writinR. 2_ To ~wy when due, and without mquiring any notice (rom Alortgaqee, all lazes, assessments ot any ty~~e or nature :~nd other charqes levied or asses.ged against the Mortgaqed Property or this 1~lortqage and produce receipts there(or u~~on demand. To immediately pay and discharge any claim, lien or encumbranc•e again.at the Mortgaged Property which may be or F-ecome superior to this Mortgage and to permit no defa~dt or delinquenry on any other lien, encumbrance or charge :~Rainst lhe Mortgaged Property. 3. If required by Mortgagee, to also make monthly deposita with Mortgagee, in a non-interest bearinq account, to- gether with and in addition to interest and psincipal.~ot a sum equal to one-twelfth of the yearly tazes and asaessments which may I-e levied against the Mortgaged PropeHy, and (it so required) one-twelfth of the yearly premiums (or insurance thereon. The amount ot such ta:es, ~s.gessments and premiuma, when unknow~n, shall be estimated by ATortgagee. Such de~~osita shall be used by MortgaRee to pay such taxes, assessments and pcemiuma when due. Any insut(iciency ot such T~. .. , • ._.. , _ ~.. ... . . '' ' ' " . r ' . -• .. ..~._ ''' ~, . . . 4~ Connie_ PQppell _ BRjt~!(346 P~Gf~~~7 ~ ..~-,::,:a ,_~