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521.6~36 ,~~( ~ /• .~ 9
MORTGAGE DEED AND SECURITY~ AGREEMENT ~"~ ~lO ~ C~ ~- ~
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THI~ MOEi7'GAGF. DF F:D (the 1~lortg~gel, dulrcl as a( rlarCh 18 . ~y 81, f,y ;~nd IK~twE~~n
Conrad Birch and Annie Birch, his wife
Ih~~rNinalte~ ~:~Iled lllortKaKor) and Sun Bc~nk of St, LuCle COlutty . ha~inK an
o«icP.It 111 Orange Avenue, Ft. Pierce . F~lo~it~:~ Ihrn•ina(ter~:~U~~l ~1or1K~~K~'~'~
\'tITNF.SSh:TH, thut in consiJendion of the pmmisrs and in order to securn the {xiyment ot I,oth thr prim•i~-:il of, :~nd
intk rest and nny other suma ~xryable on Ihe note (.-s hereina(ter definedl or lhis A1ortRa~e :~nd the {~ertormaner and oh-
~n:~nce ot all o( the pro~•isions herrot and of suid note, MortgaKor heret,y Rnnts, srlls, N:~rrants, alirns, rem~ses, rrlra.rs.
con~•eys, assigns, trans(ers, mortg~igrs and sets over ~nd confirma unto MortgaRee, all o( ~tortgaRoi s cwts~te, riRht, title :~nd
interest in, to and under all lhat certain rra) pro~-Nrty situ.ite in St _ L.»ci P ('ounty, F londa mor.- ~~irti~•ularl~•
descrit~eci :~s tollows:
Lot 285, SHERATON PLAZA UNIT FOUR REPLAT, according to the plat
thereof, as recorded in Plat Book 16, page 18, of the
Public Records of St. Lucie County, Florida.
Rsca:ved 6_a~'~~~~ ,~ c~ymen~ Ot Ta:es
. . D~.~; Or ; . _ _ ,c::~r~,;~~~A Porbonal P-~ppMt~r.
, ~ Puryuarn ?o Ct.ap;e~ 71, 134, AcXi Of ]~71.
~ ' ROCsER PQA1lAS !J'-~!
, , . ± . . ~ = Cterk Circuk Cowt $L ~Y01~ ~ p~,
T(~ETHER WI'CH :~1) ~mpruceme•nts now• or herc•:+fter 1«•:~ted on s:~id real pro~~rh• and all (~xtures, appham•.K,
apparatus, equipmenf, heating and air conditioninQ equipment, machinery and articles o( ~~ersonal pm{x~rh• and rrpl:~cement
thereot (other than tho~ ow•ned by lessees of ~:~id real pro~~ertyl now or hema(ter ai(izrc! to, att:u•hed t~,. t,la~•ed ul~n. or
u.cd in any way in conne~•tion with the ~-omplete .~nd i•omfortable use, occupani y, or o~-er.~tinn of s:iid real pro~-erh•. :~11
license~ and Ekrmits ust~ or required in connec•tiun with the use o( s:iid re:~l pro~~erty, all le:~ses o( ~:iid rral protx•rty now~ or
hen•atler entercKl intu and all right, titlr .ind intrrest o( '1turlKaKeir thereunder, ~nc{udinR N~ithout hm~tatiun. cash nr u~cvn
ties de~~sitec! therrunder pursu:~nt to s:iid leasc~s, :+nd all rents, issurs, prWc~eds. and pruiits .u•cruinK trum s;ud rral pru~x•rt ~
:~nd toRMher with all ~rr~•~•~tils of the ~•onversiun, ~uluntary or involu~tarv of :.ny ot the (om~o~nR ~ntu i:~sh ur I~yu~d:~teci
i•la~ms, including without limitation, pr~•rrds ut insur,in~r and condemna.iun :~wards Ithe furrQu~nR s:~id n:~l pru~K•rt~•_
tang~ble and intanKiblr ~x~rwnal pro~xrty hen•in:tfte~r re(erri•d to as the ~1urtKaKed Yro~xrh•1. ~1urtKaKor ht•reh}' Kr:uits
to T1ortKagee :~ sec•urity interest in the foregoinK drsi•rii~~cl tanKible and int:in~;~ble ~x~ruinal ~-roEx~rty.
TO HAVE AND TO HOI.D thr AtortRaKet! Yro~xrty, t~rther with :dl and sinRular !he tenrme~ts. herf~i~tamrnts :.nd
appurtenan~~es thereunto fx~InnKinR or in anyHisc~ ap~-ert:uninR :ind thc~ re~•ersi~~n and m~~ersions thereof and all the estatr,
riRht, title, interest, homestead, doK~er :ind riRM of dower, u•parate estate, {x~ssrtsiun, claim and demand whats~~ecer, as
~s~ll in taw as in equily. of ~1ortRaRor and unto thc• c~m~~. :~nd c~~~en• ~x~rt th~~rcvit, w~th th~• :~ppurtf•n:~n~•t~s ~~1 !1lrrrt~:~Ri~r in
:ind to th~ c:~rnt•, and c~~erv ~~:irt :~nd ~~:~n•el thPrc~c~t unN~ 11ort~:iK~K~
11ortRaRur warrants that ~t has a~~a~d .~nd m:~rketahlF~ titl~~ t~~ :~n ~nd~d~:~cii,l~ 1~~• ~Kt:~t~~ ~n tht~ \1~~rt~.~K~K! I'ru~n•rt~
;uhj~~~•t to no lirn. ~~harKi~ ur en~•umhr.~nr~~ i•x~•ept sa~•h :~s ~1;~rt{:aK~•e hac akrerd tu a~~~•rpt ~n w nt~nK anci ~furt~:~Knr ~•o:enants
th:~t this 11ortQ.~kt~ is and will mmain a c.~lid and en(~sr~•Nablc~ I~rnt m~.rtQ:~Ke• on the ~1urtQaRc-ri Pro~~rt~• ~ubjr~•t onl~ tu the
exrc~ptions ht•rein ~~ro~~ided. \1ortKagur has (ul) ~ww'i•r and I:~wful authunt~• to mortKake thr ~1urtKaRec1 Yru~K~rh• tn tht•
• mAnnc r:~nd (orm herrin done or intendecl hereafter to t~e dune. 111ortRaKor w~ll prrsen•r such title and w~11 tore~•rr Narrant
and di~frnd th~ .:~me to AtortRaRE~e• and wiU (ure~er warrnnt :~nd defend thr ~:~lidit~• and pnont~• uf thP I~en ht•rtYd a~;:unst
the ~•I:~ims o( :JI ~x•nuns and partii~s ~homwr~•cer.
11ortK:~Kor will. :~t th~ ~•nst of ~1ort~aR~,r. and w~thuut ex{~n~e to \1~~rtk:iRi~~, do, exe~vte_ a~•knoxlc~clRe• and de•li~rr all
^fl(~ ~•~'Pr~~ ~u~•h furth4~r :iC~~, (~PC~1c, ~•om•Pyan~~es, mort~:f~,'PS, :-sciRnments, nr~h~•ec O~ a~siKnm~~Il~, tf:+n~fers and :i~~Uf7I1~'t'S :IS
~1ortRaQE~c• sh:~ll fmm timc~ to tirn~• r~~uire in ord~r to pr~~c~ne the pri~titv of th~~ hrn ~f tt~ic '1inrtRaKe ~r t~~ (a~-~Irtatc• th~•
~x~rfurm:~nce ~I the tc•rm~ h~r~~of.
YR(lVll)F:f), N(ri4F:VF.1t. that il ~1ortKakor shal! {~:~}• t~, \1~;rl~;:i~;er th~• ~ndchtedr.r:> in she ~,r~n:•zik~) ~u:n uf
g?1)~6L1~ 3A :+s i~~~iden~•~~1 hp th:-t ~•ertain pmmics~rr~• nute Ithe !~~~t~•~, uf ecrn dat~• hPreW~lh. exe~~•W~Y~ hc
:~1~rtK.~~or and payablt~ lo orrlc•r nf ;~1~~rtRaKee. with intrr~~t and u~xin th~ t~~rms :~s pro~~idcK1 therr~n. :~nd t~~RelhPr w~th all
~ither .ums ad~~:~n~•cYl f~y 111ort~;aRtr~ to or on Fwh:~lf ot AtnrtR:~~~r ~~ursu:~nt t~~ the \~Me or th~s \turtK:~~:e, thr t~nal m.+tunt~~
dat~• n( the Not~ and thi~ AtnrtKaRe ik•inR Y!Iarch 1 7~ 1 991 _;~nd ~h:ill ~x~riorm a11 othF•r ~ u~e-n:~nt~ :ind
~~~~rnliti~~nc ot thc- Note, all u( the t~•rms uf whi~•h \iotr art• ini•or{x,rated ht•rf~u~ by referen~e as 1huuRh sPt for:h (ully h~•r<•-
in_ and uf :inc n•rrHal, t•xt~•ns~un ~~r m~Klifi~:itinn, thf~rt~nf and ~~f this ~1~vtk:~Re, tht•n th~s \tortKaK~~ and th~• r~tatr h.•r~~h~
~•n :~tc~d sh:~ll ~•c•:~~~ :~nrl t~rmin:~t~~.
i\1urtK~~K~~f further ~~~~men.~Ms :~nd nKnY~ W ~th ~1ort~;aRFC• :~c (011o~+'s
1 "Co p:~y a1t tiums, ini•Iud~nR interest srcurc~cl hen'Fly Kflen due, a. {,roc~d~y1 for in tht• ~ote :+nd :+np rrnt•~+al. ~~xti~n.iun
or m~xli(icati~>n thF•re~o( :~nd in this ~1ortK:~Rc~, all wi•h sutns to I~c p:~~~:ible in I:~~+(ul m+,nt•c nf th~ ['nittYl tit:~t~~< <~f :1mt•n~:~
:~t A1urtR:IP,fP~S :itnrt~s:iid pnm~~~al ot(ire, ~~r at xw•h other pl:i~-e :~s ~1~rtRaRir m:~)• d~~~~Knatc• in w nt~nK
'~. To {x~~• ahc•n due, :~nd w~ithout rcyuirinQ :iny notii•e fmm ~1ort~aKre, all tazf~s. :is_x•~~mt•nts of am• t}•(x• nr n:iturt•
and nther ~•hrir~;c•s le~ied or asse~,sed aK:~inst the :11ortR:+~e~d Yro~x•rh• or thi, ~1ort~;:iRe and pr«lucr re~•i•~pts thc~r.•(ur u~u~n
deman~l. 'I'o immediately pay and disc•harRe ant• claim. IiFn or en~~umhr.in~•~~ aKain~t the ~tort¢:~Qed F'ro~x•rty whi~ h may~ iw•
c~r Ix~e•umr suE~~riur tu this Atort~:~~;e• :~nd to ~x~rmit nn drf:u~lt or d~•linyu~•n~~y on anr other h~•n, en~~u~nlrr.~nrF~ ~r ~•h,~rK~~
:~K:un.t tht• ;~1ortK:~K~~t1 Yru~x~rtY.
3. I( rr~yuired i~y ~fortf~a~;e'~•. to :Js~~ ~n:ik~• m~~nthl~~ de•~K~sits ~c~ih 11~~rt~;:~K~c•. ~n :~ nun-intere•si 1~•annK a~-r~~ur.t. tn-
~e~ther ~+~~th and ~n :~~i~i~~~~,~ to interest and pnni•ipal, uf n xum ryu:+l to one-tw~e!!ih ot ihe ~•rarly t:~xe~ and aaci~ssmrnt. ~+hu'h
m:sy I~e le~'icrl :~Fainst the AtortRaR~~I Pro~-erty, aind lit .:~ re•yu~rrd- one-tw~eltth ot the ~~arly prcm~umc (or insur:in~•~~
thNrt~~n. 'I'he :~muunt of ~u~~h taxes, :~k~~~sments and prt~miums, when unkno~+n, shal) t~e e,timated hc \1nriK;~~;ec• tiuch
de~wsits shall he uscY1 hv ~1ortK~~K~'~ to ~r.~y rurh taxe~s, a.se~~~ments and prc~m~ums when duF- Anr insu(fi~~ienry~ of ~uch
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