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Home My WebLink About04435~.95y3 MORTGAGE DEED AND SECURiTY AGREEMENT TNIS I110RTGAGE DEH:D (the Mo~tgage), datcd i~s o( ~a r1' h~~ , 19 $1, by and 1-eiween (heminadter c,iUed Mortgago~) and $UTL 8ank Of $t . I.UC 1@ COUIlt)' ~ ~ -~ , huving :+n o«~~'ei~~ 111 Orange Avenue, Fort Pierce . F~oridu thereiru~ftercidted Mortgt~gee): WITNESSE'!'H, that in conaiderution oi the premi,~eea nnd in order to secure the payment of both the princi~x~l of, and intereat und any other suma pnyAble on the note (as hereinattec de[ined) or thia Mortgage and the performance n~d ofi- 'ervAnce of all of the provisione hereot and ot said note, Mortgagor hereby grAnta, sells, wurrante, uliens, remiee~ releases_ cum•eys, s~saiRna, trnnaiers, mortgages and aeta over and con(irms unto MortgaRee, all ot Mortgagor'a estate, riRht, title and intereat in, to and under :~11 th.~t certnin mr~l pm~~erty Aitualein ~~,_.~1uC1C Counly, Floridn more ~uirticuls~rly deacr~becl us tollov-~s: Lot 26, Block 259, Port accordin~ to the plat thereof Page 31 of the Public Records ~ ti -1- :r~K350 ~~~ ~~3 , St. Lucie, Section Twenty-Four, as recorded in Plat Book 13, of St. Lucie County, Florida R~~sd ~ ~ . ~v ~w On Cl~a ••~., j~ rn P~~ ~ T r'wtua~u To Che ~^QjWO Ps-swy~ ~ D!N y~~ ~~~ ~ ROGER p,p~AS~ Of i971. ~R Cl~~yit Coun, St. tucie. Co,. Fla. j~•~ ~ TOGI:'I'HER WI'CH all impm~'ements now or hrre:itler located on !+:~id mal pm~~erty and :ill (i:tures. :ipplian~•~•s. :~p~~:~ratus, equipment, he~ting and air conditioning equipment, mnchinery and articles ot perso~~l property ~nd replacement thereof (other than thoeP ow~ned by les4ees of w~id real property) now or herea(te~ n(fixPd to, attnched to, placed upon, or used in any ~*ay in connertion with the comptete and comfortable use, oceu~x~ncy, or opemtion o( a~id real pro{~erty. :~II licenses and permits used or nequired in connec•tion with the use ot said real property, a!1 le:sses of said real property now or henatter entered into and all right, tide and intemst o( MoAgaRor themunder, includinR withoul limitatiun, rash or securi- ties de~wsited thereunder pursuant t~ s;iid leases, :~nd all rents, issucs. proceeds, and profits accruing from said real proyerty and together with all {x«eeds ot the conversiun, ~•oluntary or im•ofuntary of any of the foregoing into cash or liquid:ded clairag, including without limilatiun, proceeds of in.4urance and rondemn:+tion awards (tbe foregoing s.1id cral pro{~erty. tangiblc and int<~n~ible ~~ersonal pr~~~-erty hereinafYer refermd to .~s the lblortgaged Pro~-erty)- l~lorlgagor hereby Krants to Morlgagee a security interest in the (oreRoinR descril~c~1 tan~ible and intanqible ~~ersonal pro~~erly. 'I'n NAVE AND TO HOI.D the :~1orlgaKed Pro~~erty, h~ether with all and singular !he tenemenls, hemdit:~menls :~nd a~-purten:snces thereunto belonRing or in anywise ap{~ert.~ining and the m~•ersion and reversions thereof and all the estatF. riRht, title, interest, homestead, dower and right o( dower, se~wrate estate, possc:~sion, t•taim and demand whatsoe~•er, as well in law a.4 in equity, of Mort~a~or :~nd unfo the w~me, and e~~ery {~art thereof, with the :+ppurten.+nct~ o( i~tortRaRor in and to the s:~me, and e~•ery part and ~Hin•el therc~f unlo r1orlQaReP. biortgagur warrants that it has a good and market.~ble tide to :~n indcdeasible (~Y• ~wt:~te in the ~1urtR:~K~~c1 I'rc~~K•rty su4~ject ta no lien, charge or em•umbr.~ncr ezcept sucfi as ~iortg,~gee has aKreecl to a~•cept in writing and MorlK:~gor ~•ovenants thnt this Mortgage is and vriU mmain a~•alid and entorceabte ficst moriguRe on the ~1ortRaRed Pm~~erty sut+je~•S only to the exception.g hemin pmvided. Mortgagon c~~s full ~x-w•er :~nd laa•ful :iuthority to morlRaRe thP MortRaKcd Yro~,c~rty in th~~ manner and torm herein done or intended hereafter to I~e done. MortQ:iRor vvell preserve su~•h title and will fore~•er warrant and defend the s:ime to MortRaqee and will fore~~er w:~rr:~nt :md defend thr ~~alidity .~nd pri~rih~ ot thP lien herc~t :+Kainst the claims o( all ~-ersuns .ind parties w•homsoev~~r. A1ortKaKor will, at the cost of MortRaKor, and without ex{~ense to MorfRaRee, do, execute, acknowledge and deliver all and e~•ery such further aets, deecls, ~~om~eyances, mortKaKes, su~siRnments, notices o( assiRnment, tran.g(ers and as4ur.~nc•es as MorlgeRee shali trom time to time rw~uire in order 1o prew~rve the priority of the lien nf this MortRaKe or to (t~cilifate thr pertormance ot th~ terms hereof. ~ YROVIDED, HOWF.VER, th:~t ti 111oriRa~or shall ~~:~y to AtortRaRec• the indefrtedness in the prinriE~l sum of 3 8,400• ~0 ;~s evidenird hy thal certain promissory note ithe Note1, oi even date hemwith, executc-~l by ~tortRaRor and pay~ble ta urder of MortgnKee, with inte~est and u{wn the terms as provided therein, and toRether with a{I other sums t~dv:incecl hy MortKaRee to or on hehnlf nt MortR:+~or purstuint to the 1\'ote or this htortRa~e, the (inal maturity date o( the Note and this Mortg~Re t-eing March 4, 1988 , and shall ~rerform all other co~•enants and ~•unditions ot the Notu, all uf Ihe term3 of which Note are incor~wrated herein by reference as though set (orth (ully here- in, and af any renev~•al, cxtensio~ ~~r m~iitication, therc~-[ and of tbis ~1ortKage, then this :~lortgage and the estate herebv ~•mated shall c•e:~~~ and termin:~te. ~1ortRaKor (urther rnm•enants and aRrees with MortQaQee as (ollows: 1. To pay ~Il sums, includinR interest secumd hereby when due, .is providcrl for in the lVote and ~ny mnewal, extension or mrxlili~ation thereof :~nd in this MortQage. :ill such sums to F-e payalrle in lawful money of the Unitc~i Sf:~f~ 01 America :~t tllortRaRee a aforesaid prin~•ipal offi~e, or at such other place aa MortRaRee m:~y desiRnate in w~nting. 2. To ~u~y w~hen due, :~nd without requiring any notice (rom Alortgagee, all taxes, asgessments o( any type or ~uiture :ind other charges levied or aa~es.sed :~gains! the A1ortgageci Property ur this liortRage and produce receipts theretor upon demand. To immedi:stely pay and discharge any claim, lien or encumbr.mce against the I~lortgaged Pro~~eriy whicfi may t-e or hec-ome superior b this 1~1ortR:~Re and to ~~ermif no de(ault or delinquenry on any othe~ lien, encumbrance or charKe :iK:~inct the ;~1r~rt~;:~gec1 Pro~~erty. 3. If reyuired by Mor1Rc~Kec'. to alw~ m:~ke monthly de~-osita with A1ortQaRee, in a non-interest bearing accoun(, to- Aether with :,nd in addition to interest and principal, o( s~ sum equa) to one-twelfth of the yeariy t<izes and assessmenta which m:iy he levied aRainat the MorlBaKed Property, and lif so required) one-tweifth o( the yearly premiums for insurance thereon. The ~mount of such taxes, :ise~ssmenta and premiums, when unkn~wn, shall he estimated by MortKaKee. Such de~~o.sits shall he used by MortRaRee lo ~~y such laxes. :~x9essments and premiums when due. Any insu((iciency of such f s, • _ ~ ..:., , '~- _ - ` ~. . . . _ . .