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HomeMy WebLinkAbout1188.l~ - .f0 521'739 j`'~ j ` ~3...~• MORTGAGE DEED AND SECURITY AGREEMENT ~t .~ ~~ ~i„~ 'a. l . Y . ~ ' .,~ , THIS I11012TGAGF DEl:D ~the 111origagN-, d:diK1 as ~.( Marr_h ?O~ _, 19 $1, by and IK•~N'lY•n June E. Lindstam lhi~n•in:i(tc~ call~~l 111oHKu~;ur1 and Suli Bank of St. LuCie Coiulty AI1d OY' Its ASSlgn~~-v~nK :~n „«;~.,.,~~ 111 Orange Avenue, Fort Pierce, , t'1~-nd.~ Ihere~n:~tt~•r ~•,~Ilwl 1~tor~K:~K~~i: WITNF.S.tih 1`N, Ihat in ~~c~nsider.-tion o! the premiscw and in onler to se~•urr the ~,:~ymrnt of I~o1h the pri~~•iµil ot, and interest ~nd .~ny other sums {~:~yahle on the note las herrina(ler defineci) ur this Mortgage .~nd the ~-rr(ormancr and ~~b- ~en•:~nrn ot nll ot the pro~•isions herro( and of said note. Mort¢acor hernhv ernnt~ ...IIa wu~~,:..t. ..i~.•... .~..•••. ...~~......-- cum~eys, as~igns, tr.~ns(ers. murtgaRea und sets over und con(irms unto MorfRagee, ali oI MartgaRorti estute. riRhl, tiUe and intrrrst in, to and under all thaf cert:iin n~:~) pro~x~rty situ;it~• in _~t. LuCle l'uunty, Florid:~ mun~ ~r:~rli~•ularly dru•rit-e~1 :-s (ollows: Lot 1, Block 141, SOUTH PORT ST. LUCIE UNIT EIGtiT, according to the plat thereof, as recorded~in Plat Book 14, pages 26 and 26A through 26D, of the Public Records of St. Lucie County, Florida. Rz::tIYED f ~~.3~ ili PAYI~:NT GF TAX:S GU: e:~ a~:f •C' IVTAA6'dLE PFP.~C'~al P~?FRTY. PU::SC~31i T9 ..r. ~r~ r,-~34~ A~TS GF i~lf. A~fa:R PCiTRLS q` . CLiRK G~GUT C4f,tT. iT. W~ C8• 1~'~ .,1,R~ ~ "C(K:ETHER \VITH all improvemrMs now ~~r herea(ter hH:~li•d on vud nal pro{x~rly and :~II (~xtures, ap~,lian~~r.. :+{-paratus, eyuipn~i~nt, h~atinR :ind air ~•onditioninR equipment, m:~~~hinery :~nd :~rti~•Icw oi ~-~~r~~nal pm~x•rty and rE•pla~•ement thc•reof (other th:~n thuse ove~c~1 b}• Icc~~s o( s:~id real pro~-ertyl now or h~•re:~lter a(tixecl to. attachEK1 to, pl:i~•+•cf u~x-n, or usi•d in any w~ap in cunnw•tinn with ihe comple~te and com(~rlaFd~ uu~, cN•~•upan~•y. nr u~~eration ot s:~id real pso~~erh~. :~11 li~•~~nses :ind EK~rmitc u~K1 or requinYl in c•onne~•t~un ~+~ith the uu~ o( s;iid re:il pro{~rty, :~11 leasc~s o( c:~id m:il pro~-erty nuw ~~r ht•n:~fter entenYi intu and aU right, titli~ and intt•rrst u( ~tortRaRor lhemundrr, ~n~•IudinR N'1~F1UU~ IIIi111:iI10f1, Cash or ~e•~•uri lirs de~«~silecl th~~reunder pursuant tu s:ud ~e,~x•s. :~nd all rents. issues. pnN•iwds. and prufits ai•i•ruinK trom s:~id n:~l pru~r•rty and tuKether w~ith :ill i~r~x•~~c~ds of the romrn~un, ~uluntary or im~uluntary of am• uf thr (orrKo~n~ ~nto i•:~sh or liyuidat~~l clu-ms, ~m•IudinR Nithout limit:it~un, prc.~~eti~ds of ~n~ur.~ni•r and conde•mn:~tson aKards Ithe fon•KuinR s:~id rral pro{x•rty. tanK~hle and int:~nKiblt~ ~H•rsunal pru{x•rty hi•minaftF•r refernYl to :is thr ~1urt~;aKrd Yr~~Ex•rt~•) \1ortR:~Rur hert~hy }:rant. to ;~1ortKaKi~c• a securit~• intt•rrsl in fhe fun•Ku~nK dew~ntr~ri t:~nK~LI~• :~nd ~~~t:inK~bl:~ ~x~rsun:i) ~iru~x•rty- Tt) HAVE AND '1'O HUI.n thi• 11urtK:~Ked I'ru~x•rtc, t~~~•ther weth :~11 an~1 cinRular the t~•nt•m~•nts, he~n~lih~m~~nls :~nd :~~~{n~rtc•n:~n~•es therc~unfo }x•IunKinK or in anywiu• :~~~~~•r!:~ininR :~nd thf rt~~~c•rstun and m~~~r~ions tht•rcK~( and :~II fhe ~~~tat~•. rikht, titlr, ~Merect, homi•stead, duwe~r and riRht ut dower, s~~parati• f•stat~•, {x~~.w•ctiiun, i-l:~im and dem:~nd Kh:~ts~x•~~~r. a~ ~+'t>II ~n I:~w as in ~~y~nt~•, of ~lortk<~~or and unto thF s:im~•. :~nd i•~~~n• fr.~rt th~~r~~of, w~th th~• :~~>purte•n:~ni•e~s ~~f ?~1nrt~:~~;or in :~nd to th~• .:~rn~•, and ~~~rry ~~:~rt :~nd p:~n•el tht~rt~~( unto ~t~~rt~;:~~iti• \1urtKaKor ~a:irrant~ fh:it ~t has :~ k~N~d :~nd n::~rki~t:~l;lt~ t~tl~• tn :~n u~d~•fe•:~.~hle (~•~• t•.t:~tt~ ~n Ihr ~1ort~::~k~~~1 1'ru~~•rtc euh~~•rt to nu lie•n. ~ h:~r~;e• ur c•ni~umhr,s:-~•i• t~x~~t•pt sui•h :is A1~~rt{:a~;e•e• has :~~n•r~l tu :i~•i-i•~~t ~n Nnt~nk and ~1urtK:~Ki~r i~u•.~•n:uris !h:~i thiti \lortkaKr i, :~n~i w~ill n•m:~~n c~ ~alid and ~~n(nn•raLlk~ fint murt-;:~R~• u~~ rh~~ \1nrtK.~K.•d F'rn~~•rl~• .uhjF•~~t unlv tu thc• f•%CYptions ht•rt•~n ~~rncidt~cl. ~1~rtK:~Kor has (ull ~w~~~•r :~nd l:~w(ul :~cithunt~• l~~ ~n.~rtk~~K~~ lht• UoriK:~Ked ~ru~N•rt~• ~n tht• m:~nn~r :ind form hrrr~n dnnt• or inte•ndcY1 hereatter to Ire done. \turtK:~~;ur w~ll ~~rc•cF~n~ cui•h title s+rd w•ill lure~~er a+v_~tr.~yt • :uid didend the s:~mf• to MortK;~Rec~ :~n~! w~ill (nm~~Nr w•:~rr.mt :~nd ~if-r~•-~~i fhf• ~:ihd~t}~ :~nd pnurifc oi tha li~•n h~•r~K~f :~k:~~nct th~• ~ L;~ms of :~II ~K~ru~ns and ~~:~rticw ~hums~~•~~•r. 1lurtka~~~r ~ill. :~t th~~ cust ~~f \tortR:~Kur, .~nd wrthuut ~z~x•nu~ tn ~1~~r1K:~Ke~e•, d~~, rxr~•ut~•, a~•knu.vic~iRi• :~nd d~•In~~r .~11 und ~•crry su~•h further nrts, df~c~lc, ~•unvr}'an~~e~s, mortKaRes, ;~ss~Knrne•nts. nnh~•e•, ot :~...~Knme•nt, transferti :~nd a+.cur:~nri•s :~r ~1~~r1K:~ke•~ sh:ill ;n~m t~me to timf• r~K~uirc in ~~rd~•r to ~~rt~urv~ tht• pn~~nty n( thF• lu~n nf th~c T1ortR:~K~• ~~r t~~ L•~~•tl~tat~~ th~• (:xst~:rtn:inri• of ih~• le•rtn~ hi•rr~~f 1'1~OVInEi), HOH'E~'EIt, th.~t tt 11or1K:~~;nr sh:~ll' ~r.~~ lu \turtK:~::c~• th~~ ~nrivht~~rlnr.. in thr prin~•ip:~l ~um ~~t g 1 5~ 19p 1 R ;~c e~•~df•n~•e~d hy th:~t ~~ertain prnm~.sory n~,t~• Ithr \ut~•r, n/ ~e~f•n d:~te• hert~~+vth. ~~xiv•ut~•d t~~~ ~1t~rtK:~~;or :~nd ~r.~y:~f~lf~ to ordf~r o( ~1nrtR:li;PE•, N'IIFI inten•st :~nd upun thf• tt~rms :~s ;~rovided thert~in. :~nd tnkethPr Kith :~11 ~~tht~r suuis :~~i.•:~~.~4~i r~~ Mnrty;a~;t•F• M or on tx~h:~lt o( MnrtQ;~K~~r ~~ur.u:~nt t~~ thf~ \~~t~• ~rr thiv \1ortR:~~;~~, thc• (~n:~i m:~tunt~ ~1:~tt• o( tht• N~~tr and thii MortKa~;c I~c•~n~; -'+"1drCh 20. 1986 ,;~nd ~h:~ll ~x•rform :JI oth~~r ruc~•n:int~ :~nd ~~nr.d~tiuns ~~( thi~ \~~te~, all uf the• t~•rnis uf whi~•h ~iutt~ are ~n~•~,r{H~ratt•d h~•m~n I~y n•f.•rene~e ~s th~~uKh s~•t forth (ull~• hrre- ~n, and of :iny~ rc•nf•K:~I. ~~xlf•nsi~~n ~~r rn~wfifi~.~ti~~n, thc•rt•~~( :~nd ~~f this \1~~rik:+kt'. fh~•n th~c !U~~rt~;:~k~~ :~nd thr ~•st:itf• h~•mt~~~ ~ n :~t~•d ~hall ~•~:~s~• :~nd t~•rmin:~t~• ~1urt~;:i~ur (urth~~r .~~~m~~r.<~nt5 .iiid akmrv with ~1~~rt~:a~~~t~ :~s (oll~evcc~ 1 "1'0 ~r.~~~ all sum., im ludinK intrrvst sri•ure•d hert•L~~ Nhc~n duc•. as ~~roc~d~•d Inr ~n th~~ \~~tr and :~m- ren~•wat. ~•xtt•n~~un ~~r rnudific~ati~~n th~•rc~~~f :~nd in this :~turtKa~e. :~11 su~•h sum~ t~~ iK• p:~t•:~hl~• :n I.iH;ul m~~n~•~• ~~f thc• l'mtirl titat~•, ~~t Arn~~n~•:~ :it !11ortKaRcw's c~fums:ud pnn~•ip:~l ~~t(~re, ~~r :~t vu~•h othet pla~•~~ av ~inrtK:~~;E~~• rn:~~• ~lc~siKnatF ~n wrihnR '.' "I~o ~,a~• .+h~~n duef:~nd w~ithout rrqwrinR any notice trom At~~rt~;aR~~•_ :ill t:ixt•c, atiu_,,time•nls u( :~m• t~•~H• ~~r n:~tun• :~nd ~~thc•r i~harKi~s irv~t~ci or a~.u•s.w•d aKa~nst the ?lturtRaRc•d Yro~x~rty ur th~s ~tort~;a~t~ and produ~•~• rri•F•ipts Ihe~re(nr u~wn d~•in:ind. 'I'~~ immc•d::~telq {n~• and di~charKc~ .~nc c•la~m, lien ur ~•ncumhr:ini•r a~ainct th~ \lortqaFe~d Ym~Mrt~• whi~~h m:~y ir~• nr !~'1'l1lTlf• suFx•nor to thi. 11ortA:~Ke and to ~~•rmit n~i d~•L~ult ~ir d~•I~nyu~ n~~~• un an~ ~Nh~r li~•n, e•n~umlrr:~nri• or ~~h:~rk:~. n~:.uncf ths• ~lurtk:tRE~ PropFrt)' - 3. !f rt•ywred by :11urt~:~~;~~•. tn als~~ m.~k~• rn~~nthh~ df•~N~s~ts with Atnrt~;:~~rr-_ ~n :i nun-~nti~rt•sl Ik;~}~nK ar~•uunt. to- ~;t~ther N~th :~nd ~n additi~,n t~~ ~~~It~rc-st nnd pnn~•~pal, n( :~ tiiim ryu:il to one-tw~el(th of the yearly t:+xes and a~sx•ssment5 whi~~h m:~y IK• le~•~ed :~Rainsf the MortK:~Red Yru~~erty. :~nd Ii) s~, rc~yu~red- onr-tKellth o( thi• yt•;irh• premiums (or insur:inc~~ thNre~m. "I'he amount uf sw•h laxrs, :~s.u:~~me•nts ard prt•miums, when unknuw~, shall tie estimatrcl hy 11~rt~;:iRee Such d~~N~s~ts sh:~ll Le uscd hy A1orfRaRrP to pay sui•h i:~xes. :i.a•ssinents :~nd prrmtums when dut• Anv insu((ii•ieni•v ut such THIS I(+fSTRt1AlENT pREpAttFD ff/ ~ . Sun Ea~` ot St. Luc;e County .,_ ~ ~.. ~ ~ ~~~x~5~ e~~1185 kT PIE~CE. F! O:t~q~ ~.L2 SOU~ $ECOND STitE~j :._ ~