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MORTGAGE DEED AND SECURITY AGREEMENT (?, ~
THIti MOitTGAGI: DI:I:U lthe MortKagcl, dat~d us o( February 25 , l9 81 , by and Iw•tw~tin
Carlos Morgan a/k/a Carlis Morgan and Patricia Gail Morgan, his wife
Ihrminatter call.d 1~taNg:fRor) und Sun Bat1k Of St. Lucle CoUnty , having :m
u((ice :~t 111 Orange AVEE. ~ Ft. Pl@rC@ , FI~-ri~ls~ Ihercina(ter ~•ullevl Mo~tg:~g~wl: ~~,gp
WITNHS.SETH, ihnt in i~nsider~tion ot the premises e~nd in order to sc=•um the ~N-yment ot both thr princi{u~l ot, and
intereat and uny olher suma ~x~yable on Ihe note la~s heminutte~ clefined) or this AtortguRe :~nd the {~er(ormance and ob-
sen•:~nce ot al) of the pro~•isior~s hemot und o( suid note, Mortgagor hem!-y gr.~nts, srlls, warranta, a~liens, remiww, ~ele<~us,
cunveys, :isgiKns. tn~nsfers, morigages and sets o~•er and con(i~ma unto MortK:~gee, al) u( 111ortgaRor's cwlule, riRht, tille :~nJ
~ntemst in, lo and unde~ s~ll thut ~-ert:~in rcal pro~~erty siluutP in St . Lucie ('uunly, h lorid.~ more p~~rti~•ularly
desa•rit~ed i~R ~O~ION'R: •
Lot 8, Block 3, Seminale Park, according to tt:e Plat thereof, as
recorded in Plat Book 10, page 11, of the Public Records af
St. Lucie County, Florida.
Rf"~.Y:D s 30. ~ 3 lfl -A:^.+~YT 0~ TI.XES - .
~ L5; C.~1 Ct~:S 'C' :"~ ::,~ ~!~ P~'~i.:.:,1 PROr'ERTY. ~ • ~ ~. , -
f ~~:~L:.IIT 1J (!!'.Pii.: 7!- ~. ACTS OF 1!]l. ` . - - . -- ~ " '
, • .,
::~G=~; P:;It .RS ~~ , - . . . _ r
CL~TK qZGU1T COekT, ST. LU~.IE C0. flA~~ ~ ~- ~ .,, _- ''~, ! '. . . ." ` ~ '' #3 J ~
'f(K:I~;THF.ft ~VITN all impro~em~•nts now ur hen•::(ter l~K•:~tt~1 on s:~id re:~l pro{xrlv :~nd :~II (~xtures, applian~•t•s,
app:~r.dus, equipment, hentinR and ~ir ~onditioning equipment, m:+c•hinery• and artii•Ic~ o( {xrwnal pro~x•rty :ind rnplacement
th~rc~-f lother than thos~~ ov-•ned by lessees of s:~id re•al pro{x~rty) now or hrreaftet atlixec! to, atta~hed to, pla~•t~ u~K~n, or
used in any vv:~y in ~Y-n~ec•ti~~n with the complefe :~nd ~•om(ortablt• use, oi•cup:~n~•y, or o~~er:~tion of c:~id re:d pro~~erty. :~11
li~•f~ns~ :~nd ~xrmits us.Y1 or mquirecl in ~•onne~•ti~~n with the usP ot s:~id re~.+l pru~~erly, al) I~.~sc~ of s:~id mal pro~x•rty now• or
hrmatter rnterecl intu and all right, litle .~nd interc~t ot 11ortRaKor thereundi•r, includinR w~ithout I~mitation, c.~sh or st•~•uri
ti~~s de~N~sitrd thereunder pursuant tu said le.~u~s, and alt rent3, is~ues, pru.•~~v1s. :~nd pru(its accruinR Irom s:~id real pru~K•rtc
and tugether with all ~-r«•~ti~ls o( the con~~enion, voluntary ur involunt:~ry of :~ny ot the fureguinK intu cash or liyuid:~t~~ef
cl:~ims, includinR w•ithuut I~mitatiun, prex•t~~cls o( ~nsurance and cnndemn:~tion :~wards Ithe fure~oin~; s:iid n•:d pro~x•rty,
tanKible and intanF~ble ~x•r.wnal pru~-erty hereinafter rrtern~cl t~~ as thr A1urt~aRed }'ro~~rty1. A1urtK:~Kor h~•mbv Kr.~ntti
tu A1ortK:lY,PI' v.c~•urity intemst in the (oreKou-K d~_~u•ntN~cl t.•n~ible:~nd inL•~nK~hlr {K~non:~l proFx•rty-
TO HAVF. ANU '1'O NOLn thi• ~1ortRaKf~c1 Yru~K•rl~•, t~~ethrr Msth all and sinRular th~• ten~ments, hrnYlit:~m~•nh :+nd
ap{-urten:~n~•c~ thereunto Ix•IonRinR or in anyw•ise :~~-~K~rtainin~ and thc• r~~~~ersion and rr~~crsi~ins thenY~t and :III (F1P k`91:11P,
riRht, tille, int~rest, hom~~stead, duw•er :~nd riRht O~ (II~N'Pr, u~paratr estat~~, ~~ssf:~sic~n, claim and denv~nd whatsoe~•~~r, as
w~t•11 ~n law• ~~c in c~yuify, of ~1ortK:~~or :ind unM the ~:~m~, :~nd t•rrry P:~rt tht~rc~of. w~~th th~ :~ppurlE~n:+ni•~•s ot ~1ortKaRor in
:~nd to th~~ cune. :ind e~i•ry part and pan•i•I tht~ny~( unlo ~1ort-;:~K~r•
MorlKaKor w•:~tr.u~ts th:~t ~t h:~s a KiNH1 :~nJ m:~rkclabli~ htle t~~ :in indid~~.~sihlt• f~•~• i•~l:~lr ~n the• \lurlka{;~rl 1'ru~n~rtc
cubj~~~~l lo nu lii•n, ch:~rK~ or eni•umbr.~n~•~~ ~•xcept such :~s \1~,rt{;:~Ker ha. aKn•i•d ti~ :n•~•ept in wnt~nR :~nd ~lortka~;or ~•otirnanl~
that this MortKaK~• is :~nd w~~ll rem:~~n :~ ~:did and t~n(orc:.~hlP (int rn~~rtk:~Kt• un the ~1nrtKaKed Pro~~ert ~ subje~•t onh~ to IhE•
ex~•c~ption~ herein pm~•idc~l. A1ort~:~Ror h:~s ~UII ~M14'pr :~nd lawlul :wthurity to ~nurlKaK~• th~• A1ortKaKr~l Yru~K•rty in Ihe
m:~nner and (orm herein dnne or intendtxl herra(ter to F~e don~•. '~1~rtKaKur wi11 pre~cen~e su~•h tide and will (ore~~er w:+rrant
:~nd de~fend thf~ ~:~m~~ to MortRaRer :~nd v-ii1 (~-r~~•er vv:~rr:~nt :~nd d~d~~nd th~• ~~-~lid~t~~ and priorih• ut th~ G~•n hf•ny~f :~~;a~ns~
th~~ ~•laims o( :~II ~~~rwms aa<I ~r.~rties whomu~e•~~er.
A1urtKaKnr w~ll. at the i•ost ot 1~1ortRaRor. ind w~~thuut ex~x•n~ tu ~1~rrIK•~K~Y', ~10, t•xt•~•ute, :~~•knuwl~~iK~• :~nd del~vrr all
:~nd e~ery ~u~•h turther :u•Is, dreYlc, ~•om•eyan~•es, mortR:~Res, :~ssiKnmc•nt~, nuh~•~x ~d a~.~~Knm~~ni, trana(Fr~ :~nd assuran~~e~ as
\1ortR:~Kcti~ ch:~ll (mm time to lime~nY~uire in order to prr~rr~•~ thc• pri~~ritv n( thF• Gi~n of this MortRakt• ~~r to tai•ilitatt• thc•
~x•r(urm:~ni•e of th~• t~•rms henY,L
1'NnVIDED. Hi)~YEVF:R, that if A1uriK:ikur shall ~-:n• fu :11ortR:~Kir• tht~ ~ndehtcdn~~.,ti ~n th~~ p~ini•ip:~l suni o(
S~~5-~3 ac eviden~•cYl by th:~t i•erl:~in prom~vsory notf~ Ith~~ I\nte-. o( ecen date here-eith. exer~rit•SI h~.
~tortKa~or and Eray:e~i~~ fo ordi•r ~~f A1nrtRa~er, with inten•st and u~x,n thc~ tc~rms as {~rovidcvl therPin. and foR~th~r with all
nthi•r sumti :~dvan~•cY1 h~ Mortka~eF tn or on hehalf of 1~1ortK:~Ror pursu:int tu the Not~~ or this A1nrtQ:~~f•, thc• (in:il inaturit~•
datf• o( the NotN and Ihi~ ~tortRaRe ix•inR Februarv 27 , 1991 ,;~nd ~h:dt Es~r(orm all Mher co~'~•nants and
rund~tions o( th~• t~Iote, al) of thE• te•rms of v-hi~•h No~e :~re ~ni•or~wrate~ ht~rein by referen~-e as thouRh s~t (~,rth t~lh~ here-
in, and o( ~:ny renew~al, c~xt~•nsiun or m~xii(i~:~tion, tht~rt•~t nnd of this A1~~rt~;aKc~, th~•n th~s 11ortR:~R~ :ind th~• t~statf• h~r~•F»•
~~mafe~l ~hall ~•i~av :~nd tc•rmin:~tt-
~tortkaRur turthrr ~'~ncenants :~nd .iRrers w~th 11nrt~;:~R~~c• as (uUows:
1. '1'o pay :+It sums, in~•IudinR intrrest scti~urcYl hrretry whi•n due, as ~~ro~ ~dc~1 for in the~ Note and :~ny rc~n~•w:~l. ~xt~~nsiun
~~r m~Nli(ic:itior. thrreof :~nd in this MortRaRe, :+Il su~•h sums to t-e p:iyahle in l:~wful mon~v of !he lTnit~~t ~t:it~•s of Am~•ri~•:i
at MorfQ:iKcw's atorewiid prim•ipal of(ice, or :d ~u~•h Mhrr pla~~• as titortRaK~~ m:~y dc~siRn:~te in writinR
'L. "fo pay when due, and K•ithout myuiring any noti~•e from A1ortRagee, all t:1XPS, :~s~w~ssmenls o( ane ty~~e ur n:~tur~~
anrl other c•h.~rRes le~~ic~cf or asse~s~~d aK:~inst thr ;~1ortQ:iqcY1 Pro~x•rty or this Mort~aRe and produ~•e m~•eipts there(or u~N~n
d~•mand. To imme~liatrly ~~:~y :~nd dischar~;e any ~•laim, lien or encvmbr.~n~-e :~Kainst the A1~~rtqaRed Yro~~c•rty w'hich may IK•
or IKK•ome su~xrior to th~s 1~1ortRaKc~ and to ~x•rmit no default or delinquen~-y nn am~ other lien, en~umbr:+n~•e or ~-h:~rKt•
:~K:~inst thc h1~~rtQaRcK1 1'ro~~rlY.
3. If mywred by MortKaRt~•, to :~Iso makP munthly de{x-sits w~th ASortRaRee, in :~ non-interest I~earinR aci~ount, to-
Kether with and in addition to ~nterest :~nd princ•~pal, o( a sum equal to one-twel(th of the yearly taxes and assc:ssments v-hii•h
may 1~ le~~ed against the ~1lortgaRed Ymperty, and li( so riK~uired) cne-twelfth o( the yearly premiums (or insur.~n~•e
thereon. The amount of such taxes, assessments and premiums, when unknow•n, shall t-e estimated by ~1orlgaRcr. Such
d~EH~sits shall t~e used by Mort~aRee to pay ~uch t:~xes. as5esvments and premiums when due. Any insufticiency nf such
ta.:•. ~- ,'"'~:•i~:~ . .._ •- •
SL';i c`,',"it~ Gi Jt. ~L': i.' .'_ -1-
~.: M. B. Freeman
~ .;:r .+~~t:.~. " • - ~ •-
11~ -~;JTri SCt_J1~~ S?Nt£!
..., :x349 ~~~,f2217
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