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HomeMy WebLinkAbout2259, , ~~- ~r.3 -~ ~'7 ~ sr-4z,zs~ 5155~L~ g° • ' ~ ~ f ~ ~ • y~ ~ _ MORTGAGE DEED AND SECURITY AGREEMENT ~3, ; TH[3 MORTGAGB DEED (ths Mortauge), dated us ot Jam~aryr 24 , 18 Bl , by und hetween ~ Gilbert L. Taylor and Sarah P. Taylor, his wife /hereinatter called Mortgagor) and SuA Adnk Of St. LuC1e COUnty , having un otficeatlll OY'mrige Avenue, Ft. Pieree , Florida Ihereinafte~called Mort~aRee): ~~~~~' W1TNE33ETH, that in coruideration o( the premises and in order to secure the payment ot both the principal of, a~d ~ intereat a~d any ot~er sums peyable on tl~e note (as hereina(ter detioed) or this Morlgaae and the per(ormance and ob- eervance ot all ot the pwvisions hereo( and ot aaid note. Mortaagor hereby gra~b, sells. wa~rants, aliens, remise~, relea~es, conveys, assigns, transters, mortgagea and seb over and contimns unto Mortgaaee ail ot Mortgagor'a eatate. riRht, title and interest in, to and under all that certnin mal property situate in St. Iucie County, Florida more particularly drscribed as follows: I.~t 4, Blk 2, GREEN ACRES S/D, as per plat on file in Plat Book 16, Page 10 of the Public Records-of St. Lucie County, Florida. Due On Clssc "C" IntanpiblePersona~~ro~v~rh. Pu-suant To Chep:er 71, 134, Acu Q- +9?1. ROGER POITRq$ ~.~A~ C~rCUR Cour-, St. !~:cie, Co.. Fls~~ Received 8 30 •~~ In Payme~t pf TaxK TO(:ETHkR WITN all improvementa now or herna(ter located on aaid real pmperty and ai~ fixturea, appliunces, ap~k~ralus, equipment, heating and eir conditioning equipment, machinery and articles ot peraonal property and replacement thereof (other than thoae owned by leaeeea of said rea) properly) now or hereatter attixed to, attached to, placed upon, or uaed in any way in connection with ihe complete ~nd comtortable use, occu~~ancy, or operalion ot said real properiy, all licensea ~nd permits uxd or required in connection with !he use ot said real property, all leaaes o( said mal property now or herea(ter entered into and all right, title and interest ot Mortgagor thereunder, including without limitation, cash or aec•uri- ties de~osited thereunder pursuant to said leases, :+nd all rents, iaewes, proceeds. ~nd protits accruing Irom s~id real property nnd together wiih all proceedr of the conversion, voluntary or involuntary of any o( the (oregoing into cash or liquidated claima, inciuding without limitation, proceeda ot inaurance and condemnation awNrds (the toregoing aaid real properiy, tangible and inlangibie peraonal property hereinafter re(erred to aa the Mortgaged Property)_ Morlgagor hereby grants to Morigagee a securily intereat in the toregoing described tangible and intangible personal property. '1'n HAVE AND TO HOLD fhe Mortgaged Proi~erty, together with all and singular the tenementa, hereditaments and ai~purtenances thereunto belonRing or in anywiae appertaininq and the reversion and mveraions thereut and all the estnte, right, title, interest, homestead, dower nnd right ut dower, separate estate, po~session, claim and demsind wh:~tsoever, as well in law aa in equily, of Mortg.~gor and unto the aime, and every part thereot, with the appurten:~ncea ot Mort~aKor in and to !he same, and e~~ery p.~rt and ~u~rrel thereof unto MorlgaRee. Mortgagor warrant~ thal it hns a good and marketable tille to an indefeasible tee estate in lhe MorlgaRecl Yro~-erty subject to no lien, charRe or encumt-rancr.ezcept such :~s Mortg;~gre h;is agreed to a~cept in writing and Mortgag~r co~~enants th:~t this Morlgage is and will remain a valed and en(orceable first mortgage on the Mortqaged Property subject only to the exceptions herein provided. Mortqagor has fuU ~wwer and lawtul ~uthurity to morlgage the Mortgaged Pro~~erty in lhe manner and torm hernin done or intended hereafter to be done. MortgaRor will preaerve auch title and will forever wurrant and de(end the same to Mortgagee nnd will torever warrnnt nnd defend the validity and priority ot lhe lien hereo! aRainat the claima ot all ~~ersons and partiea whomsoever_ MortRaqor will, al the coat of Mortgagor, and without eYpenae to MortKagee, do, execute, acknowledge and deliver all and e~•ery nuch turther acta, deeda, conveyances, mortqages, asaignmenta, notices of assignment, tranafere and asaur.~nces as MortgaKee shall from time to time require in order ta ~~reaerve the priority o( the lien of this MortgaKe or to facilitate the pertormance of the terms hereof. YROVIDF.D, HOWEVER, that if Mortgagor shall ~~:iy to Alortq:~gee the indebtednesa in the principal sum ot s 15 ~ 252 . 96 as evidenced by that certnin promiaaory note (the Note-, ot even date herewith, executed by MorlRagor and payable to order ot Mortgaqee, with intereat and upon the terma as pmvided therein, and toRether with all other sums advancecf by Morigagee to or on hehalt of MortRaqor purxuant to the Note or this Mortgage, the tinal maturity date of the Note and thia Mortgage being -. , and shall periorm al) other covenanta and ~•ondifions of the Note, atl of the terma of which Note are incor{x~rated herein by re(erence sis though eel forth fully here- in, and of any renewal, e:tension or ~n«iitication, thereof nnd of this A1ortK:~Re, then thia Mortqage and the estate hereF~y ~~mafed shall cease and lermin:+te. Mortqagor (urther ironcenants ~nd agrees with Mortgaqee aa (ollowa: 1. To pay all sums, including interest aecured hereby when due, as {~rovided (or in the Note and any renewal, extenaion or mcxfification thereof :~nd in this Mortgage, atl such sums to be payable in I:~wtu) money nf the United Stales oi America ~t MorlRagee s a(~reaf~id principal office, or at auch other place as MortgaRee may designate in writinq. 'l. To pay when due, :ind without requiring any notice tmm Mortgagee, all tazes, asaesamenta of any type or nature :~nd other charges levied or assessed ag~inst the Mortgaged Property or thia Aiortgage and produce receipts there(or upon dem:ind. To immediately pay and diacharge any clnim, tien or encumbrance against the Mortgaged Pmperly which may t~e or become auperior to thia Mortg~Re and to permit no default or delinquency on any other lien, en~umbmnce or charge aR:~inst the Mortgaged Property. 3. I! required by Morlgagee, to alao m:ike monthly deposits with Mortg:~gee, in a non-intereat bearing account, to- gether with and in additiun to intereal and principal, ot a aum ryual to one-twelfth of the yearly ta:es and aasessmenla which m:~y I~e levied againet the Mortgaged Property, and (it au required) one-tweltth o( the yearly premiuma tor insurance thereon. The amount ot such taxea, aseessmenta and premiuma, when unknown~ ahall be estimated by Mortgagee. Such depoaila ahall be used by MortgaRee to pay au~h tsixes, asuesamente and premiuma when due_ Any inaufticieecy ot such -1- F 6~'~:347 f~~~2.~53 =_ ~. ~' 6~ oM .:e-F. , v~ . ..~... +. . ~ ~Y, '~" a . . . . . . . . . . . . .. ~.. ~ ?!r .~...