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Home My WebLink About2748', ~ ~~- 8 3-~ ~ ~~ ~ 515l304 , ~ • ~o . , ~.~ o MORTGAGE DEED AND 3ECURITY AGREEMENT ~~ ./ THI3 MORTGAGB DE~D (the Mort`+-se), dated a~ oI T~^L~ ~~' , 1981, by und between ~ 3 ~ ~ Pinkie Mills . . (hereinatter called Mortgaaor) and Sun Bdnk of St. LuCie Coutlty .~~~R +~~ o(tice at 111 Oranqe AVe. ~ Ft. Pierce, , Floride (hereinatter called Mortgogee): W1TNE33~'I`H, that in consideretion o[ the premisea and in order to iecure the peyment ot both the principal ot. and interest and any other sutn~ payable on the note (as hereinatter detined) or tliis Mortsaae and the pertormance end~ ob- servance ot all ot the pwvisions hereot end ot said note, Mortaegor hereby srents, selb, warsenU, aliens, remise~, releases. conveys. aasisns, transtees` mortsa6ea and ~eb over a~d contirnu unto Morttasee, all ot Mortga6or'~ eslate. riRht, title and iaterest in, to and under all that cert~in real property aituate in St. Lucie County, Florida more particularly deacribed as tollows: Lot 26, Block 10, LINCOLN PARK NO. 2, accordinq to the plat thereof, as recorded in Plat Book 4, page 77, of the Public Records of St. Lucie County, Florida. . ~~ RecPiv^r! 9__~~. ~~.__ In r~~c:innt ~~1 TaI(B! ~~ Duw nn CI9=s 'C lnt-n.}~• ~~ . ~~n: ~. -r ~•fy o ~•~„q:it TO ChB~:~r 71 ,'.'. ,... .. ' J71 ROGE~. P':; "-~ ' : e~,~~ '~F•~ C~rCUit Court, St. 1.:.~.:-~. ~r~., ttp. 'I'O('E'CHER WITH all impmvementa now or hernatter located on said real propeHy and all (i:turea, appliuncea, apparatua, equipment, heating and air conditioning equipment, machinery and ariicles of peraonal property and replacement_ theteof (other than those owned by leaseea ot said real property) rww or hereatter afti:ed to, attached to, placed upon, or uaed in any way in connection with /he complete and comtortable use, occupancy, or operation ot aaid rea{ properiy, s~ll licensea and pernnits uaed or required in connection with the uae o( aaid real property, all leaaea ot said real property now or herea(ter entered into and all right, title and intereat o( Mortgagor thereunder, includinR without limitation, cash or securi- ties depoailed thereunder pursuant to said leaaes, and nll rents, iasuea, proceeda, and protita accruing (rom said real property and together with aq proceeda ot the conve~aion, voluntary or involuntary of any ot the totegoing into cash or liquidated claims, including without limitation, proceeda ot insurance and rnndemnation awards (the toregoing aaid real property, tangible and intangible personal properiy hereinafter reterred to as the Mortgaged Property). Mortgagor hereby grants to Morigagee a security internat in the t6regoing deacriMd lnngible and intangible personal property_ TO HAVE AND TO HOLD the Mortgaged Pmperty, together with all and aingular the tenementa, hereditaments and appurtenances thereunto belonging or in anywise appertaining and the reversion and revecaions ~thereot and all lhe estate, right, title, interest, homestead, dower and right ot dower, aeparate estate, poaseaeion, claim and demand whataoever, aa well in law as in equity, o( Mortgagor and unto the same, and every patt lhereot, with the appurtenances o( Mortgagor in and to ihe same, and every ~~rt and pamel thereof unto Mortgagee. Mortgagor warrants that it h:is a good and marketable tiUe to an inde(esisible tee estate in the MortgaKed Yro~~erty subject to no lien, charge or encumbrance e:cept such as Mortgagee has agreed to accept in writing and Morlgagor co•renants that this Mortgage is a~d will remain a valid and ent~rceable first mortgs~ge on the Mortgaged Property subject only to the ex~eptiona herein provided. Mortgagor has (ull power and lawful authority lu niortgage the Morlgaged Property in the manner and torm herein done or intended hereafter to be done. I-lortgagor will preserve such title and will forever warrant and defend the same to Mortgagee and will torever warrnnt and de(end the validity and priority of the lien hereof againsl thr claima at all persons and parties whomsoever. Mortgagor will, at ihe cost ot Mortgagor, and without expense to Moriqagee, do, e:ecute, acknowledge and deliver all and every such further acta, deeda, conveyances, mortgages, asaignmenta, noticee of as~ignment, tranafera and assurancea aa Mortgagee shall from time to time require in order to preaerve the priority of the lien ot this MortRage or to tacilitate the performan~~e ot the terms hereof. YROVIDED, H~WEVER, lhat i( Mortgagor shall ~~ay to Mortgagee the indebtedness in the principal sum of i br351.B? aa evidenced by lhat certain promissory note (!he Note), of even date herewith, e=ecuted by 1Nortgagor and payable to order ot Mortgagee, with intereat and upon the terms as provided therein, and together,with al) other sums advanced by Mortgagee to or on behal( ot MortRagor pursuant to the Note or thia Mortgage, the ~inal maturity date of the Note and thia Mortgage being ~al]~'+~~~ ~~ ~ 9R~ , and shall perform all other covenanta and conditiona ot the Note, al) ot the terme of which Note are incorporated herein by retetence as though set (orth (ully here- in, and of any renewal, extenaion or modi(ic•ation, thereoi ~nd of this Mortgage, lhen thia Mortgage and the eatate hereby created sh-~11 cease and terminate. Mortgagor turther convenanta and agreea with Mortgagee aa (ollowa: 1_ To pay all sums, including intereat secured hereby when due, aa provided tor in the Note and any renewal, e:tenaion or modification thereof and in thia MortRage, all surh sums to be payable in lawful money of the United States of America at Mortqagee's atore±~aid principal office, or at such other place as Mortgagee may designate in writing. 2. To pay when due, and without requiring any notice (mm Mortgagee, all taxea, aaseasmenta o( any type or nature . and other charges levied or asaeased against the Morfgaged Properiy or this Mortgage and produce receipte therefor upon demand. To immediately pay and discharge any claim, lien or encumbrance againat the Mortguged Property which may be or become superior to thia Mortgage and to permit no de(ault or delinquency on any other lien, encumbrance or charge a(GainAt the Mortgaged Property_ 3. I! required by Morteagee, to alao make monthly depoaita v~ith Mortgagee, in a non-interest bearing account, to- gether wilh and in addition to interest and principal, ot a sum equal to one-twellth ot the yearly ta:es and aesesaments which may be levied against the Mortgaged Property, and (if ao required) one-tweltth o( the yearly premiuens tor inauronce lhereon_ The amount ot such ta:ea, aseessmenta and premiums, when unknown, ahall be estimated by Mortgagee. Such depoaita shall be used by Mortqagee to pay such taxes, asseasmenta and premiums when due. Any insuf(iciency of such fHIS INSTRUMEtIT PREPARf.D BY S~,:i Qank of S~ Lucie C~::.~~y -~- :.,, M. .Ba Freeman . FCRT pIERCE. F:C:i'vA ~ i~: :,;;UTft SE~:.:.`r~u s'e~F:EZ 5 ~~:?~;~ ~ - ~~ -: ~ . - : - -_ s _ ,'s.~+~. - ~.~`-...,.. .... ~. ~.rs~'?~- ~ sr....: .. ... -. BOm(~~~ P!~f?~~1 " .~ _t~ _