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Home My WebLink About1575_ - . _ .~=- / ~ `~ ,.~; !;•,, 5168;z9 .-•, -~ " ~ ~~= Southeast Banks ''~~~ :~ MORTGAGE THI MORTGAGE. sxecutsd this 12th d~y of FPhr~~ar~ , ~g~_a~ WeSt Palm Beach F~orida ECONO AUTO PAINTING OF WEST PALM BEACH, INC., a Florida by of the (~rst part. hereinaher callod the Mortgagor. wh~ch tsrm as used harein m svery instance sha11 ~nclude the Mortgagor's he~rs. executors. adm~n~straton. successors. legal representat~ves and sss~yns. includmg ali subssQuent 9rantees. either voluntsry by act of the part~es or ~nvoluntary by operat~on of law. and shall denote the s~ngular and/w {~lural snd ths ~~cul~n0 and/w tsm~~qs. and natural andior ~t~(~c~ai o~Ollt~ern ~Bouf.evard f~ntext so re- Q~~~ S O~ sdm~],~ to Southeest tiank, a torida Ban ing corporation, Ban~cing t:enter------------------------s-s~wM~+ss~o~sNe~. of the second part. here~nafter called the MortBagee. wh~ch term as used here~n in every instance shali intlude the Mort~agee's successors. legal representet~ves and ass~gns. mclud~~g all subseque~t assignees. e~tfier votuntary by act oi the part~es or involuntary by operst~on ot law. W 1 T N E S 8 E T H: THAT tor d~vers good and valuable cons~derat~ons. and also to secura tha paymem oi tha aggregace sum of money named ~n che prom~ssory note ot even date herew~th, hereinaher mentioned. together rvnh interast thereon, and all other sums of money secured herehy as here~naher prowded. the Mortgago~ does grant. bargain. sell, al~an, remise. rslease. convey and confirm unto the Mortgagee. m fee s~mple. iAI the tolbw~ng land The South 100 feet of the West 300 feet of the North 1/2 of Lot 16, J. I, KELLEAi~S SUBDIVISION, accord~ng to the Plat thereof, as recorded in - Plat Book 3, Page 85, of the Public records of St. Lucie County, Florida~ ' r ' ' _" .. - . .y, --- , -. _.t . ~ - J: i 3 ~. 0 f3 Rsosired i~~~ in Payment Oi T~ass Dw On Ctas~ ••C.. IManpiWs Pasonal Rop~ty. c ~G• J P~usuaM To Chapw 7t.13~ Aq~ pf 1~7i. s~ ~~ ~~l ~ ~~~~~~~ t Bi All build~ngs. st~uctures. a~d ~mprovements oi every ~ature whatsoever now or hereafter s~tuated on the sa~d p~operty. and all (urniture. /urn~shings. ~ ti~ures. mact~~nery. rqu~pment. mventory and matenals on srte. and perwnal p~operty af every nature whatscever nov~ o~ hereafter owned by the Mort- ;ayor and located ~n, on or used or +ntended to be used ~n connect~cn w~th or w~th the operat~on of sa~d property bwtd~ngs structures or other ~mprove- ~,vnts ~ndud~ng ai1 extens~ons add~uons. improvements. betterments. renewals a~d replacements to any ot che ~orego~ng. and all of the nght utle and trrest of the Mortgagor in any such personal prOperty or fixtures sub~ect to a condibona~ sales contract chatte~ murtgage o~ s~mdar t~eri or c1a~m together :: +n the benet~t of any deposrts or payments now or hereafter made by the mortgagor or on rts behalf Together with all and smgular the te~ementi. hereditsments, easements and appurtenances thereunto belonging. or in any w~se appertaining, and the rents. ~ssues. and profits thereoi, and also all the astate. right. title. ~nterest and alt cla~ms and demands whatsoever, as well ~n law as ~~ eqwty. of sa~d ~1Aortgagor ~n and to the same, and every part end parcal thereof, and also speat~cally but not by way of I~m~tat~on all gas and electnc f~xtures. rad~ators. heaters. water pumps. air tondit~on~~g eqwpment, machinery. boilers. renges. elevators and motors. bath :ubs. sinks, water ctosets. water bas~ns. p~pes. taucets. and other plumb~ng and heatmg fixtures. mantels. refngerat~ng plents and ~ce boxes. w~ndow screens. screen doors. venetian blinds. corn~ces. stwm shutters and awmngs: which are now or may hereafter pertam to or be used with, in or on sa~d prem~ses. even though they be detached or detachable, are and snafl De deemed to be fixtures and accessones to the ireehold and a part oi the realty. TO HAVE ANO TO HOLD the same. together with the tenements. hered~tamants and appurtenances the~eunto betongcng. and the rents. ~ssues and prot~ts thereof. unto the said Mortgagee. The sa~d Mortgagor hereby covenants with the sa~d Mortgagee that the sa~d Mortgagor ~s ~ndeteas~bly se~zed w~th the absotute and fee simple t~tle to sa~d property. and has full power and lawful authwity to selt, convey. transier a~d mortgage the same: that ~t shall be lawful at any t~me hereaher for the Mortgagee to peaceaWy and qwetly enter upon. have. hoW and anjoy said property. and every part thereof: that said property ~s free and d~scharged irom all ;~ens. encumbrances and cla~ms of any kind, includmg tszes and assessments. except those that may be set out above or heremaher. that the Mortgagor nnll . make at Mortgagor's expense snd at no expense to Mortgagee wch other and further assurances to pertect the tee simple t~tle to said land, fixtures and per- sonal property m the Mortgagee as may hereafter be required; and thst the Mortgagor hereby (ully warrants unto the Mortgagee the title to sa~d property and w~ll defend the same aga~nst the lawful claims and demands ot all persons whomsoever NOW. THEREFORE, the conditions of th~s mortgage are such that ~i the Mortgagor shall weil and truly pay unto the Mortgagee the ~ndebtedness ev~denced by that certain promissory ~ote oi even date herew~th, made by the Alortgagor and payable to the Mortgagee in the Ninet Thousand dollars and no/100---------- ~s 90,000.00 pnnc~pal sum o! y 1, the final ~•~ . payment ot which ~s due on Februa r.~ ~? , ~ 9R~ . together with any note or notes hereaher executed by the Mortgagor here~nby and in accordanCe with psragraph srxteen of th~s mOrtgage as heromafter sst (orth and secured by the I~en ot tbs mortgage. together wrth mterest as therem stated. and shall perform, compty with snd ab~ds by each and every tM stipulations, agreements, condit~ons and covenants contained and set fonh ~n th~s mortgage and in the prom~ssory note secured hereby, then this mortgagQ snd the estate hernby created shail cease and be null and vad. AND. the Mortgagor does hereby covenant and ag~ee: 1 To perform, tomply with and ab~de by each and every the stipulations. agreements. cond~t~ons and covenants conta~ned and set (orth in said promiswry rrote or notes. this mortgegs and, if spplicaWs. the loan ag~eement betv~een the Mortgagee and Mortgagor 2. To pay the mdebtedness sscured by this instrument and sccording to the true tenor snd eHect oi the promissory note heremabove mentioned or of any renewal thereof, proir~ptly on ths dsy or dsys the sams severally become due. 3. To psy, betore becomin~ delinquent. all obligations. encumbrances. taxes. asseuments, paving, s~dewalk, sanrtary and othar assessments. lev~es or I~ens. now or hareaRer tev~ed or imposed upon a sgainst the mortgagsd property, and to exh~b~t to the Mongagee betore wch taxes. assessments. hens and encumb-ancss becoms delinquent ihe official rsceipts (a psymsnt thereof, arxl ii the same or any pan thereof be not pa~d befwe becom~ng i delmquent the Martgegss may st sny time pay the ssme wrth accrued ~nterest and charges. ~i any, vnthout warvmg w afiectmg Mortgagee"s opt~on to foreclose this mongags, or any right Mrsunder, and svsry psyment so msde shall bear mte~est from the date thereof at ihe h-ghest rate authonzed by lew and all such paymsnts with intsrest shall bs secursd by tM I~en hereof ' it1( ; BC~!(~ PAGE~T~ i SINTCi-17(R~v.6/76) M060S4-015 ~ - - - :~ -~~.sr rF :~, _..`~r .. _...r ,...~.. , . .- ., _ .N.. .,r.F .