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Home My WebLink About0607• ' ~'~ G' t'° 't"/~~ • ,,~,Y-- _ 516~L~.3 ~• ~.e ~;~•' ° ,~-~' ~ MORTGAGE DEED AND SECURITY AGREEMENT ~~ ~ ~ ~ THI3 MOIt1Y`AG~ DE~D (the Morigage), dated aa of _ , 19..81, by and txrtween Peter C. Smith, as Trustee Corporation ! Ihereinalter rnlled MortgHgor) and Sun Bank of St: Lu~e County, A Florida Iiankinq/ ~~~~ng un otfice ut 111 Ordllqe Avenue, Fort PielCCe, , Florida (hereinufter culled Mortgugee): WITNE33E7'H, that in considerution of the premisea and in o~r to secuce the payment ot both the principal ot, and intereat and any other sums payable on the note (as hereinatter detined) o~ this Mortgage and the performance and ob- eervance ot ell ot the provisiona hereot and of said note, Mortgagor heret-y grants, sells, warranla, aliens, remises, reles+ses. conveys, assigos. trnnsten, mortgagea and seb over and coofimu unto Mort6ag ee, alt ot MortRagor s estale, riRht, title and interest in, to and under all thnt certain real properly situate in St . Lueie (~ouoty, Rlorida more ~xirticularly described a+ tollows: ~ ,Q ~ 0. FOR LEGAL DESCRIPTION, SEE ATTACHED "EXHIBIT A." ~~p = 0200.00 IN -AYlS~1fT OF TA~ Ctl~ CV CL~,SS 'C' t'!, ~::.'S' f P.4~:'lA~ PROP'E~iY. PU~.SL'ANT TO CN:.?1_• 71- 4, A~TS Of 1~)1. j:~~ER o~1T~S CLfJIR CI~C{pT COlRT. ST. WLaE O0. RL~~ ~ ~ R j ' i~ ~•~ ~ . , ., .. T(~F:THER WITH all improvemenla now or herna(ter 1«•ated on s:iid real pro{~erty and all (i:tures, ap~~lianrcw, ap{~~rntua, equipment, heatinq and air conditioning equipment, marhinery and articies of peraonnl property and replacement thereof lother than those owned by leaaeea ot said real property) now or hereatter a(ti:ed to, attached to, ~~laced upon, or used in any way in connection with the complete and com[ortable use, occuE~ncy, or operation ot said real pro{~erty. :~11 li~-enaes and permit9 uaed or required in connection with the use oi st~id real property, all leaaea of aaid real property now or hema(ter entered into and all right, title and interest o( Mort~gor lhemunder, including without limitsilion, cash or seruri- ties deWosited thereunder pursu:~nt to said leases, and all rent~, issues, proceeds, and profita accruing trom said re:il properly ~ and logether with all pn~ceeda ot the conversion, ~•oluntary or involunlary- of any ot the tomg~,~ng into c:ish or liquid~ted rlaims, including without limitatiun, proceeds ot insurance s~nd condemnation awarda (tbe foregoing said real property, tangible and inu~ngiMe personal propcrly heteinatter re(erred to as the Mortgaged Yropertyl. Mortgagor hereby R~anls to Mortgagee a securily interesl in lhe toregoinR desc•rit~ed tangible and inl:~ngible ~~ersonal property. 'I`n HAVE AND TO HOI.D the Morlgagec! Property, loRether with all and singular !he tenementa, hereditamenls and a~~purtenances thereunto belonginR or in anywise np{~erlaining and the reversion a~d revenions thereof and all the estatP, -- riRht, title, interest, homestead, dower ~nd right o( dower, separate estate, posseasion, claim and demand whatsoever, as well in law :is in equity, of 111orfR:~Ror and unlo the ,ame, and every part thereof, with the appurtenances o( MoriRaRor in and to the s:~me, and e~•erv ~k~rt ~nJ ~u~r~el thereof unto MortRaRee. Mortgagor warrants that it has a goud and marketable tiHe to an indeteasible (ee estate in the AlortR:~Kcd Yro~~erly sabject to no lien, charge or eni•umbrance except such as Mortg,~gcr has agret~d to ai~~rpt in w•riting and Mort~:~gor c•o~•enants th:it this Mortgage is and will remain a ealid and enfor~-eable first morlgage on the Mortgaged Pro~~erty subject only to the eueptions herein pmvided_ MortRaRor has full pov~-er and lawful authority to morigage the Mortg:~ged Yru{~erty in the m:~nner and form herein don~ or intended hereafter to he done. Mortgagor will preserve auch title and will forever warrant and de(end the same to Mortgagee and wiU forever warrant and defetxf the validity and priority o( Ihe lien hereot aRainal the claims of all persons and parties whomsoe~•er. Mnrtgagor wi11, at the cost ot Morlgagor, and wilhout expense to 111ortga~gee, do, execute, acknowledge :+nd deliver all and every such further ~cts, deeda, conveyances, mortgaRea, :issiRnmenta, notirea o( :issiRnment, transferx and as4ur<~n~•es as Mortgagee shall (mm time to time mquire in order to pre~rve the prinrity of the 6en of this MortRaKe or to tacilitate the performance ot the terms hereof_ PROVIDED,1 HOWEVER, that i( Murt~:~gor shall ~u~y to Mort~:~g~r the indebtedness in Ihe principal sum oI a 100.000.00 ~ evidenred try that certain promissory note Ithe Note), o( even date herewith, execvtecl by t11or1gaKor and ~~ayable to order of Mortgngee, with ~nterest and upon the terma as provided therein. and loRether with all other sums advanced by MortgaRee to or on behnlf ot j~ o aRor pursua~t to the Note or this MortgaRP, the final maturity date of the Note and this Mortgage being AuguSt 5~ 19~ , and shal) {~erform all ofher ro~~enants and conditiona ot the Note, :~tl o( the terma of which Note are incorywrated herein by re(erence ns though set (orth (ully here- in, and of any renewal, e:tenaion or modification, thereot :~nd of this N1ortRage, Ihen this Mortgage and the extate hereby ~•maled shall cease and terminate. MortRagor (urther rnnvenanta and agre~e~s with Mortgagee aa (ollows: 1. To pay all suma, includinR interest aecured hereby when due, as pro~•ided for in t6e IVote and any renewal, extension or modification thereo( and in this MortRage, all such sums to be ~~ayable in lawfu) mone~ of the United State+s o( America at Mortgagee's atores;~id principal otfice, or ~l sueh other place aa MortgaRee may designate in writinR. 2. To pay when due, and without requiring any notice from Mortgagee, all ta:es, assessmenta of any ty~~e or nature :ind other ctwrges levied or aasessed againat the Mortgaged Property or this Mortgage and produce recei~~ts therefor u~wn demand. To immediately pay and discharge any claim, lien or encumbrance against the 111oHgaged Property which may be or tiecome superior to this MortgaRe and to permit no detault or delinquency on any other lien, encumbrance or charge aRainst lhe Mortgaged Property. , 3. If required by Mortgagee, to also make monthly deposita with Mortgagee, in a non-intereat bearing account, to- gether with and in addition to ~ntereat and principal, o( a sum equal to one-twel[th of the'yearly tn:es and aaaessments which may be levied against the Mortgaged Property, and (i( so required) one-tweltth o( the yearly premiuma (or inaurance thereon. The amount o( auch ta:ea, assessments and premiums, when unknown, ahall be eetimated by Mortgagee. Such deposits ahall be used by Mortgagee to pay such la:ea, assesaments and premiuma when due. Any insu(ticiency ot auch ` TNIS INSTRUMENT PREPARED B7 ~ Sun Bank of S~ lucie County - ) ~ ey . ., ~ ~s~~./ ""'>' ~ .~~.. ~ RT PIERCE. FIORIDA~ t 1 i 2 SUUTH SECOND STHCET f ~ ~-,~;k:: ,, ~ _ ~~~ ~ ~ ~ ~ ~~~~,ti~ ,. .~ - -: ~ 6~r~ ( J~O P~GE ~~ - ~ ~ ~~.~ -~-