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Home My WebLink About1521a ~~ ~~~ ~/~" 5~0;~41 - 30 . ~~! ~ - ~a.~s MORTGAGE DEED AND SECURITY AGREEMENT . 13' `I'H13 MORTGAGB DEED (the biortgage), dated us ot I"larch 10 ~ ~~g 81 ~ hy ,~nd hetween Glenn G. Boundy, IZI and Gail C. Munrce (hereinatter called AlortgaRo~- anci SUti Barik OF St. Lucie COUIIty , having an ottice ae 111 Oranqe Avenue, Fort Pierce, , I~lotida (heminufter called Morigugee): 4 ~ WlTNE3SETH, lhat in consideration of the premiaea and in order to secure the payment of both the principal ot, and interest and a~y othe~ aums peyable on the note (aa hereina[ter detined) or thia Mortgage and the performance and ob= p~~' ~ servance ot al! of the provisions hereof and ot ss~id note, Mortgagor hereby ~ranta, selts~ warrants, aliens, remiaes, releases, conveys, aasig~a, tranaters, murtgages and sets ove~ and contirms unto Mortgagee, al) ot Mortgagor a estate, riRht, titie and intereat in, to and under all that certain real property aituate in St. Lucie ('ounty, Florida more ix~rtic•ularly dNSCribed as toilows: Lot S, Block A, RIVER WOODS, according t~ the plat thereof, as recorded in Plat Sook 18, page 4, of the Public Records of St. Lucie County, Florida. . 3 0. ! ttt va~•.,~,r ~ Ta ~ /f! ~i - ~o.t - o~os'- uoo/3 ~~~'. .C _. .:'.::`_ Pi:.~~ "L F.~~i' 1 Y"' _;c zo c;••. Y , ~~-,_a. ~.TS e~ ~3i~. ~..__i P_-tdlt~ p~,~ . .: ' ~ ~;1?..U;7 Gt:t1:.T. ST, lU'~IE C0, ~. 'I'OGETHER WITH pll improvements now or hereafter located on said real pro~mHy und all ti:tures, appliances, ap~~.~rntus, equipment, heatipg nnd air conditioning equipment, machinery and articles of peraonal property and replarement thereof (other than those owned by lesaeea of said mal property) now or hereafter af(ixed to, attached to, ~~laced upon, or used in any way in connection with the complete and com(ortabie use, occupancy, or operation ot said teal property, :~li iicenses and permits used or required in connection with the use ot said mal property, all leasea oi said real property now or hereatter entered into and all right, litle and interest ot 1liortgngor thereunder, including withaut limitation, cash or ~sec•uri- lies deposited lhereunder pursu:~nt to said le:ises, and all rents, issues, proceeds, and profits acrruing trom s~id mal pr+nperty and logether with ail ~~roceeds of the conversion, voluntary or involuntary of any of the toregoing into cash or liquidated claims, including without limitation, proceeda oJ insurance and condemnation awards (the foregoing said re:il property, tangible and int~ngible personal property heminafter referrrd to ~s the l~tortgaged Propertyl. Mortqagor hereby grants to Mortgagee a security interest in the foregoing desrribed tangible and "intangible personal property. '!'n HAVE AND TO HOI.D the MortgaRed Property, together with all and singular ihe tenements, heredit:~ments and ~~~purtenances thernunto belonginR or in anywise apperiaining and ihe reversion and reversions thereof and all the estate, riRht, titte, interest, homestead, dower and right oi dower, separate estate, possension, claim and demand whatsoever, as v~ell in law as in equity, of Mortgagor and unlo the s~me, :~nd every part lhereof, with the appurtenances o( MortRaRor in and to the same, and e~~ery ~-arl and ~-:vicel thereot unto 114orlgaQee. Alortgagor warrants that it tws a gcx-d and marketable litle to an inde(easible (~~ rslate in lhe 11ortRaReci Pro~-erly subject to nu lien, charge or encumbran~r except such as Mortgagte has agreed to ac~rpt in writing and 1~tortRagor corenants that this Mortgage is and wilt remain a valid and enfomeat-le lirst mort~.iRe on the MortRaged Property subject only to the ex~eptions herein pr~vided. Alortgagor h:is tull power and I:iw(ul authority to mortgage the Mortgaged Pro~-erty in the manner and form hernin done or intended hereafter to be done. Mortg:~Ror will preserve such litle and will (orever warrant and de(end the same to Mottgagee and will forever warrnnt and defend the validity and priority of the lien hereo( ~Rainst the ~•laims ot al) persuns and ~~arties whomscever_ htortgagor will, at the rost of Mortgagor, and without e:i~ense to MortRagee, do, ex~rute, arknowledge :~nd deliver all and e~ery su~•h furtber acts, deeds, conveyances, morlRaRex, :~saignments, notices ot as9iRnment, transters aod asgurances-as Mortgagee ahall from time to time mquire in order to preserve the priority of the lien of this hfortR:~Re or to tacilitate the ~~erformance ot the terms hereo(. YROVIDED, HOWEVBR, that if 1~lortgagor shall ~~y to MoHgagee the indeLtednes~+ in Ihe princi~k~l sum ot a 15,069_79 ~ evidenced by that certain promissory note (!he Notei, o( even date herewith, e:ecuted by MortRagor and {~yabie to order of Mortgagee, with interest a~nd upon the terms as pmvided therein, and together with ~11 othcr sums ad~•anced hy Mortgagee to or on t~ehalt of MortgaRor pursuant to the Note or this Mortgage, the tina) maturity d:~te o( the Note and ihia Mortg:~ge heing MarCh 1986 , and shall ~~er(orm all other c•ovenants and ~•onditions of the Note, all ot the terms of which Note are incor~wrated herein by reference as though set forth fully here- in, and of any renewal, eztension or mocli(ication, there~( a~d o! thi~ MortRage, lhen this 111orig~ge and the estate hereb~ ~•reated shall ~ease and terminate. MortgaRor further rnnvenants and agrees with AlortgaRee as tollows_ 1. To pay.all sums, including interest secured hereby w•hen due, as provided (or i~ the Note and any renew:~l, eYtension or modificatian lhereof and in this MortRage, all such suma to be payable in I:~wtul money of the United States of America at hlortRagee's atores:~id princi~,al o(fice, or at such other place as MortgaRee m~y desiqnate in writing. 2. To pay vvhen due, and without requiring any notice (rom Mortgagee, all taxea~ assessments ot any ty~~e or nature and other charges levied or as,ses.9ed against the Mortgaged Property or this Mortgage and produce receipts there(or upon demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be or bec~ome superior !o this Mortg:~ge a~d to permil no default or delinquency on any other lien, encumbran~e or charge aRainsl the Mortgaged Pro~~erty. 3_ I! required by MoHgaqee, to also make monthly deposita with Mortgagee, in a non-interext hearing account, to- gether with and in addition to intereat and principal, of a sum equal to one-twelflh of the yearly taxea and aaaeasments which may be levied against the Mortgaqed Property, and (if so required) one-twei(ih of the yearly premiums to~ insurance thereon. The amount of 6uch taxea, asaessmenta and premiuma, when unknown, shatl be estimaled by Mortgaqee. Such depoaita ahall be used by Mortgaqee to pay such t:ixes, assessments nnd premiums when due. Any insufticiency o( such ~'f~l1S INSTRUM~NT PREPAREO BY Sun Bank oi St. Lucie Co~,~rty _,_ ~x ~ • ~ . . . .._ ~ ~~ ~!~i~ ~ie~!) ~~ ~~~ FORT P1ERC~. ~~~p~ 112 SOUTH SECOHO St1iEEL