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Home My WebLink About0959 ~3- ~3'~"~35 MORTGAGE DEED AND SECURITY AGREEMENT ~ THIS [iiORl'CAGE DEED (the Mott6a~e), dated u of Jll~ 1' , iq81 , by and between ~ JOFII~I NDORE and BEf~1AD~.TIE M~Od7E, his wife, (hereinafter called Mortgagor and SUN BANK OF ST. LUCIE ~IA~T.I~Y~ a Florida bar~}cing vo ration , having an ama,~ 111 Orarx~e Av~nue, Fart Pieroe, Florida 33450 (hereinaCter callal Mottgagee); , WiTNESSETH, Wat in con:idention oC the premiscs and in order to secure the payment of both the prin~ipal of, and intercst and any other ~ sums pay~bb oa the aote (as hereinafter defined) or thia Mortg~e and the pedormance and observance of all of the provisions heroof and of said ' note, Mortaaaor heteby gants, sefls, wunnts, conveys, assigna, transCer~, moctgages arni sets over and canfirms unto Mortgsgee, aU of INortgagor's estate, riat?t, titb and intereit in, to and under aU that certain real property iituate in St. Ll1Cl@ County, Florids, ~ more puticululy descdbed u fotlows: ~ ~ Lot 30, Block 78, INDIAN RIVEit F~TATES, i~1IT NINE (9) , a SuUdivision ac~oording to t~be plat thereof recordeci in Plat Boolc 10, Page 74 of the Public Reoords of St. Lucie County, Florida. ; ~ RECLtVEQ f_1~5~1~ IN PAYMS!IT 0? TAX[i GU= 09 Ci.'.~-.i 'C' 3~'!'.':~ .^.L~ P~'L::<.`.l ~ROPERTY~ PUASiJAfIT TO CN;s::* 71-~'~, R:.iS ~f 1~71. R:.i.cd P:I~~.K p,EAK_q~Wf CG~T. St. W~i CO„ tt~ 7 0~ TOCETHER WITH all improvemsnts now or hereatter loratod on said rc~l property and all fixtures, applunces, apparatus, oquipment, fiunishinp, heatiag and air conditioniag equipment, machinery and artides of personal property and replacement thereof (other than thox owned by lessees of said real property) now or dereafter afCixed to, attached to, placed upon, or used in any way in connection with the complete and rnmfortabb use, occupancy, or openeion of ~he said real propeny, all Gcenus and permits used or rcquired in connection with the use of said real ptoperty, all kases of said real property naw or hereafter entcrcd into and all right, titk and intemt of Mongagor thereunder, includ~ng without limiution, cash or secutities deposited thereunder pur:uant to said leases, and all rents, issues, proceeds, and profits accruing Crom said real property and together with all proceeds of the conversson, voluntary or inroluntary of any of the foregoing into cash or liquidated claims, includ- ing without limitation, prooeeds of insurance and condcmnation awards (the fo:egoing said real property, tangibk and intangible personal property hereinafter referred to collectivtly u the Mortgagod Property). Mortgagor hereby grants to Mortgagee a su-urity interest in the foregoing described tang~'bk and intangibk penonal property. TO HAVE AND TO HOLD the Alortg~ged Property, together with all and singulu the tenements, hereditaments and apputtenances there- unto belong'sng ot in anywise appertaining and the reversion and reversions thereof and all the cstate, right, titte, interest, homestead, dow~er and cight oi dower, sepuate esute, possession, claim and demand whatsoever, u well in law u in eguity, of Mortgagor u~d unto the same, and every put theceof, with ihe appurunances of Mortgagor in and to the same, and every put and pucei thercof unto Mortgagee. Mortgagor watrants that Nortgagor hu a good and marketable titk to an indefeasibk ke estate in the real peoperty compruir?g ihe F1ort- gagtd Property subject to no lien, charge or encumbrtnce except such u Mortgagce has agteed to accept in writing and Mortgagor covenants that this Mortgage is and will rcmain a valid and enforoeabk mortgage on the Mortgaged Property subject only to the excepuons he~ein prov~ded. Mortgagor hu full powet and lawful authority to mottgage the Mortgaged Property in the manner and form herein done or intended hereafter to I be done. Mortgagor will Qraerve such titk and will forever wurant and defend the same to blortgagee and will Corever warrant and defend the If validity and priority of the lien hereof againit the claims of all persons and parues whomsoever. € ~ Morigagot will, at the cost of Mortgagor, and without expense to Morigagee, do, execute, acknowledge and deliver all and every such further acts, deeds, conveyances, mottgages, assignments, notices of assignment, truufers and assurances u Mortgagee shall from time to timz require in order to preserve the priority o[ the lien of this Mortg~ge or to facilitate the performana of the terms hereof. PROV[DED, NOWEVER, that if Mottg~gor shall pay to Mortgagee the indebtedness in the pnncipal sum of~3~OO0. ~0 ~ evidenced by that certain ptomissory nute (the Note), of even date hetewith, executed by Mortgagor and payab{e to urJer of Mortgagee, w~ih interesi and upon the terms as providod thenin, and together with all other sums advancod by Mortgagee to or on behalf of Murtgagor pursuant to the Note ot this Mortgage, thc fu~al matutity date of the Note and ttus Mortgagc being J~]l,y Z`r . 1482 and shall perform all other covenants and conditions of the Note, all of the terms of which Note are incorporated I~erein by reference as though set forth fully herein, and of any renewai, extension or modification, theteof and of this Mottgage, then this Ato?tgage and the estate hereby created sha0 cease and tertninate. Mortgagor further covenanu and agrees with Murtga~ee as fo[lows: ~ 1. ?o pay all surrts, including interut secured hereby when due, as provkied fot in the Note and any renewal, extension or modification ~ thereof and in this Mortgage, all such suma to be payabk in Iawful money of the United States of Amecica at Mortgagee's aforesaid pnncipal ~ oifice, or at such other place u Mortgagee may designate in writing. ~ ~ 2. To pay when due, and without requuing ~ny nolice from Mortgaga, al) tvies, a~sessmenb uf sny type or nature and other charges levied ot assessed against the Mortgaged Property or this Mortgage arni ptoduce receiptc therefor upun demand. To tmmrdiately pay and dis- ~ charge any claim, Gen ot encumbrance against the Mortgaged Properry which may be or become superior to thi~ Mortgage and to permit no default ~ or delinquency on any other lien, encumbranct or chatge against the Mortgaged Property. ! t 3. If required by Mortgagee, to also make monihly deposib with Mortg~gee, in a non-intercst bearing as:count, together with and in addi- ~ tion to interest and principal, of a sum equa! to ono-twelfth of the yearly taxes and usessments which may be levied aqainst the Mortgaged Prop- erty, and (if so requued) one-twellth oi the yeuly premiums f~r insurance thereon. The amount of such taxcs, astessments and premiurtu, whan ~ unknown, shall be estimated by Mortgagee. Such deposits shall be uxA by Mortgagee to pay such taues, a~sessments and premiums when due. ~ Any insulficiency of such accaunt to pay such chuges when due shall be pud by Mortgagor to Mortgagee on demand. If, by reason of any de[ault " by Mottgagor undet any provision of this Mortgage, Mortgagee declares a0 sums secuted hcrcby to be due and payablc, Mortgagee may then apply ~ any Cunds in said aecount against the entue indebtcdness secured hereby. The enturceability of the covenants relating to taxes, assessments and insutance premiums hecein otherwise pronded shall not be affected except insofar as those obligations have been met by compliance with this paragraph. Mortgagee may from time to tune at its opti~n waive, and aftcr any wch waivet reirutate, any or all provisions hereof requiring weh depasits, by notice to Mortgagor in writing. Whik any such waivet is in effect, Mortgagor afiall pay tazes, assessments and insurance premiums u ~ herein eLsewhere provided. ~ T~ r~:~: ~ ,~s a-~o~ ~ R~~:~ ~ ~ ~R~p 59 ~i~l~ ~ . . ~ i a60K~ ( w~l~ ~ ' 4-6073-000-5 - - 1 - k j_ ; . . .;tretl ~cli "r:s~c!, f?e;!~Je t-~~: ~ --:-~~,~,.~x= , , ,s~~°~ ~ ~ ~~-~~P`