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Home My WebLink About2659;~15~Ei`7 ~b• MORTGAGE DEED AND SECURITY AGREEMENT ~ ' ~ T~HIOS~MOR't'GAGE DE~D (the~Mort~_age), dutrd a~ ot~ ~~ 1981 , hy und t,elwr~n ~!P'~C C. 14~701)0 , a,/k,/a AN~t Z. Z4~70DpPaF0iA06, h,is wife, (hereinutter called Mortgagor) and SU~] BANK OP' ST. I,I~IE ~[~TI'Y , having un otfice at j]„1 Qrcll'1C~ AVEnII~~ ~I'~ Pl@tOC . Floricln (herninufter called Mortgugre): ~D WITNE3SETH, ihat in considen~tion oI the premises und in order lo aecure the ~x~yment of hoth the princi~xd ot, and ~~'Z' interest and any athe~ sums payable on the nute (as hereinatter detined) or this Mortgage and the per(ormanee und ob- aervance ot all ot the provisio~w hereo[ and ot anid note, Mortgngor hereby Rranta, sells, wnrrnnta, aliens. remises, releasea, conveys, xsaigns, trans(en, mortgages und aela over and co~~irms unto I1ioHgaRee, nil ot MortgaRor a eatnte, riRht, title und inteteat in, to and under a0 that certnin tea) property ailuate in St. Lueie Couoty, F IoriJu more ~H~rticularly described as (ollows: AS PER ATTACHED EXHIBIT "A" 1-' ._ ! i._J~~.~a ~~I P~..,•-~•T ^F T:1XEf - - - ' - . ; •~ • . . . _ . . F': 4:'E.TY. i,;..;,_..it i~ ::~. .... 7i-•_3, ..t,: ii 1971. G,.G:1 Pil[:.~ ttita( qf.:.lllT CGiRT. iT. Wi~ CO~. fl~~ ~ . , ' i -, . -. ,. . ; ~ ~' .. `~i~ ~ ;~: TOG~'THER WITH ~11 improvementa now or hema(ter I~x•ated on s:~id re:d pro~~erty :~nd ull (ixtures, ap~diances, ap~u~ratua, equipment, healing nnd air conditioning equipment, machinery and articles ot ~~ersonal pm~xrty and mpla~•emenl thereof (other than thoae owned by lesseea of said renl pro~~erty~ now or hemafter a((i:ed to, att:iched to, placed u~~on, or ueed in any way in connection v~ith ihe rnmplete and comforlable use, occu~~:inc•y, or opemtion of said real ~~ro~~erty, :dl licenses and pernnits uaed or requimd in rnnnection with the use of s;~id mal pro~~erty, all le.zses of s:~id mal property now or here~(ter enlered into and all right, title and interest ot Murt~c:~Ror thereunder, including without limitation, cash or securi- ties de{wsited thereunder pursuant to s:~id leases, :~~d :~ll renb, issues, pnx•eeds, and profits :~ccruing Irom s:~id m.~l pro~x•rty and together with all procecKls of the conversion, voluntnry or involunt:iry ot t~ny o( the foregoing into ca~sh or liquid:~ted claims, ineluding without limitation, proceeds o( in.RUrance :~nd condemnation 7W:IfdB Ithe foregoinR s:~id real pro~~erty, tangible and intangible personal pm~~erty hercinaftc~ refcrreci to as the Mortgaged Pro~-erty). 111ortgagor hereby Rr.ints to Mortgagee a security interest in the (omgoing desi•rilxvl tangible :~nd irtanKible ~~crw~na) pro~~etty. 'I'n HAVE AND TO HOIA th~ MortgaRecl Pm~-erty, t~~ether w•ith :ill and sinRular the lenements, heredit:~ments :~nd appurtenances thereunto helonRinR or in anywise a~qMrluinina and the reversion and rnveraions thereof and all ihe estate, right, title, interest, homesfead, dower and riRhl ot dower, se~~arate estate. ~osse~eion, claim nnd demand whatsoever, a~ well in Inw aa in equity, of MoHRagor :~nd unto the s:ime, and every ~~:~rt therc~f, v-ith thP :~ppurlrn:mces o( MortRaRor in :~nd to the same, and every ~u~rt :ind p:~n•el thereof unto Morl~aRee. _ Morlgagor warrants tha! it has a gocxl and m:~rkrtable tiflE• tu :~n indeft•asihle (c~• E•stati~ in Ihr MorIK:~Kec! I'nq-e•rly subject to no lien, ~•harRe or en~•umbr.~n~r exi•Fpt sui•h as hlort~;:~Ki•i• has aQrc-i~) lu :~~•~~ept in writing and 1ltortRagor c•ovenants that this Mortgnge is and will rnmain a valid and enfon•e:~ble tirst mortRaRe on thr lllortKaRed Pro~~erty subjecl only to lhe exceptiona herein provided. Murtgagur h:+s tull ~x~~+•er :~nd lawful authority to morlgage the Mortgsigcd Yro~~erty in the ma~ner and form herein done or intended hereafter to t-e done. 141ortKaKor will preaen•e auch title and will (orever w:~rrant and defend lhe same to Mortgaqee and wiU fore~•er w:~rrnnt and detc•nd the v:ilidrty ~nd priority ot Ihe lien herco( :~Rainat the i•laims oi all ~~ersoos and ~x~rtiee whomsoever. Mortgagor will, at the cost of MortgrRor, ~nd wilhout ez~-ense to AtortK:~gee, do, exec•ute, :~cknowledRe :~nd deliver :~II and every such turther act~, deeda, conveyances, mortRaRes, :~agiRnmenls, notic~ o( asgiRnment, trans(ers :~nd ar~uran~~es :~s Mortgs~Ree shall (mm time to time require in order fo pre~crve the pri~~rify ot th~ lien of thus MortRaRe or to tacilitate ihc {~erformance o( the terma hereof. PROVIDED, HOWEVF.R, that if MorlgaRnr sh:~ll p:~y to MortRaRcr the indebtednes,v in the prin~i~~.~l sum o( ~ 9~•000•~~ as evidenced by that certain pmmi~.w~ry nMe (lhe TVote-, of even date herewith, eYe~•uted by ~lortgagor and p:~ynble !o order of Mortgngee, with intemst and u~x-n the terms us provided therein, and logether v-•ith ~tl other suma advanc b M rt a r o beha f o Mo iKor ~ursu: t o th Note or t Mo i e, the fi 1 atury'~y d~ ~~ ~f~~S~.g~ ~~e S' ed a~e ~~re~i~'~ ~~~ no ~a~ rr,f date ot the Note an th ort ~ge ~nR ~~~ , an sha pe oftn a other rnvenan A. nd ~onrlitions of the Note, all o( the terms of which Note :+re ~n~~oryx~rated herein by reference aa though set forth tully herr- in, and of :~ny renew~l, extension nr mrxli(i~-:~ttion, therenf :~nd of fhis MorIKaR~, then this MrtrtRage :~nd fhe estnte herehv ~•rnated shaL cease and terrr-inate. Mortg:~gor further convenanta ~nd agrees with Mort~{aRee as (ollowa: I. To ~~ay all sums, including interest secured hereby when due, as ~~rovided (or in thc• Nofe anJ any rnnew~al, extenr+ion or modi(ication lhereo( and in this Mortq:~Re, all suc•h sums lo be ~~:iyable in law(ul money of the ilniled Slat~v nf Ameri~-:~ at NortgaRee'a afores;iid prinri~wl of(ic•e, or at w~•h other place aq Mort~aRee may desiRnate in writinR. 2. 7'0 ~~ay when due, and wifhout tFquiring any notice from 111ortgagc~, all lazes, assrssmenta o( any ty~~e or nature :ir.d other charqee levied or ~s.ges.ged ~~g:~inst the Mortqaged Pmperty or thia Atortgage and produce receipts therefor u~Mn demand. To immediately pay and diacharge any claim, lien or encumbran~•e aRainst the 141ortgaged Pto{-erly which may t-e or hecome au~~erior to this MortgaRe and to permit no detault or delinquency on any other lien, encumbmn~•e or chargt~ :~Qainst the Mortgaged Pro~x•rly. 3. If required by Mort~aRc~, tu al~ make munthly de~msita with Morlgagee, in a non-intemat t-earing :iccount, to- qclher with and in addilion lo interest and prin~•ipal, o( :~ sum eyual to one-twelfth of the yearly taxea ~nd asseasments vehich may be le~~ied ~gainst the Mortgaqed Property, and (i( so reyuired) one-twelfth of the yearly premiuma for insurance thereon. The amount of such iaxes, assessmrnts :ind premiums, when unknown, shall be eatimnted by Mortg:,Ree. Su~h de~x~its shall Ire uaed by MortgaRee to ~u~y surh t:ix«s, :~stieavmenls and premiums when due. Any insu((iciency of such ; ~ ~.. ".~~~ ~ _..~.~._ T ~ .~ _ _ - ~~ ' ~ ~ _ tr~ r. :{: ~-t • : ~ - ;- `j.... ; ~ GR~K ~47 P~~E 2fi52 `': ~~ ~ : . - _ . . . . ~ ~ -: ~ ~ , ~.'a Fc., ,..,. , .. ; s ~ ; ~ i ~ ,_~ - _- .~.~. ' 't . t'~'~ S". ..