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Home My WebLink About0948 _ . ~ - - . - -1_ _ . _ 990 544322 " ~33~9~ i3' ~3.~ d . MORTGAGE DEED AND 3EC~IRITY At~R~MENT THIS MORTGAt38 DEED (tbe Mortsase), dated as ot ~tober 2 ~ 19 $1, by and betwean ~"i O Ollie C. Buchanon and Viviaui Buchanon, hia wife (hereinetter called Morl~or) aad SUN ~ANK OF ST. LUCIE COUNTSC , havina an ottice at 111 Orange AVe. ~ Ft. Pierce , Florida (6ereinafter called Mortaagee); WITrIS38ETH. that in eo:uidsration ot tbe premise~ and in order to sacuts the payment ol both the principal ot, and interest and eny oWer sum~ payabie oA tbs aote (a~ hereinatter defined) ar thu Mortsage and tbe pedormancm end ob- eecvance of all ot tl~e provisions 6ereo[ and ot ~sid note, Mortsagor henby ~ranb, ~ella, warranb. aliens. remi~, rsleaiea. conveys. sesians, transien. mort~aaee and ~eb over and contirur unto Mortsages. all ot Moet~a~or'~ estate. riRht~ tiUe and intete~t in, to and under all that certain real propetty situate in St. LuCie ~unty, Florida more paeticulariy descri6ed as followt: Lot 3 of HartJnan Heiqhts Subdivfsion Unit 21~ro as Recorded in Platbook 17 Page 25 of the Public Records of St. Lucie County, Florida. RELEtYEO =_I~~ IM PAY~t£NT Cf TAXEi DYE ON CUtSt ~C' INT.altG BlE P~aSOr.aL PAOYf?tTY~ ~ S TAT E~~ F I` O R i G~a ~ WitiUANT TO qiAPTER J1-~.4. ACTS Of 1l71. ~Z t)Q~U~ISENFARY.~:;;;.. S7~MP i~. j: ~ A06ER POITR~S ~.y. ~ ~F{'T. Gf kEv~NU~ c~' . . , CtE= A~f CO~T. ST. 41K! 00. M. ~ ~ - - _ ~ ` ~ Qe. ar •a•i~ ~ i . _ = , _ 0 9. 9 Q ~ . : _ _ t ~ 'I`O('ETHER WITH ail improvements now or hereafter located on said real property and all fi:turea, appliances, apparatus, equipment, heating and air conditianing equipment, mac6inery and articles ot personal properly and replacement thereof (other than those owned by less~es of said real property) now or hereafter aftixed to, attached to, placed upon, or used in any way in connection with the complete ar~d comfortable use. occupancy, or operation of said real property, all licenses and permita used or required in connection with the use ot said real property~ a11 leasea ot said real property now or herea[ter entered into and all right, titte and intereat of Mortgagor thereunder, includina without limitation, cash or securi- tiea deposited thereunder pursuant to said leases, and aU rents. issues, procee,~ds, and pro[ib accruing from said real property and together with all proceed~ ot the conversion, votuntary or involuntary ot any ot the (ore6oin6 into cash or liquidated claims. including witho~t limitation, proceeds of inaurance and rnndemnation awards (tbe foregoina said real property, tangible and ints~ngible personal pmperty bereinafter referred to ea the Mortgaged Property). Mortgagor hereby granta to Mortgagee a aecurity intereat in the foregoing deacribed tangible and intangible personal property. TO HAVE AND TO HOLD the Mortsa~ed Propetty, tosether with all and singular the tenements, hereditamenta and appurtenancea thereunto belonging or in anywise appertaining and the reversion and reversiona thereof and all the estate, right, title, intereet, homestead, dower and right of dower, eeparate estate, pos~erion, ctaim and demand whateoever. aa ~ well in iaw as in equity, o( Mortgagor and unto the aame, and every part thereot, with the appurtenances ot Mortgagor in ' and to the seme, and every part and parcel thereot unto Mortgaqee. i ; Mortgagor warranta that it ha.s a good and marketable title to an indeteaaible fee estate in the Mortgaged Pro~~erty ! eubject to no lien, charge or encumbrance e:cept such as Mortgagee haa agreed to accept in writing and Mortgagor covenenta i that this Mortgage is and wiU remain a valid and enforceable tirst mortgage on the Mortgaged Property subject only to the ~ exceptions herein provided. Mortga6or haa ful) power and lawful authority to mortgage the Mortgaged Property in the manner and torm herein done or intended hereafter to be done. Mortgegor will pe~eserve suc6 title end wiU (orever warrant ~ and detend the aame to Mortgagee and will forever warrant and detend the validity and priority ot the lien hereot agaieeat the ctaima of all peraons and partiea whomsoever. ~ Mortgagor will, at the coet ot Mortgagor, and without e:pense tu Mo rtgegee, do, execute, acknowledge and deliver all ~ and every auch [urther acts, deede, conveyancea, mortgaaes, assignmente, noticea o( aaai6nment, tranafers and aseurances aa Mortgagee ahall from time to time require in order to preserve the priority ot the lien of thia Mortgage or to facilitate t6e perlotmance ot the terma hereof. PROVIDED, HOWEVER, that it Mortgagor ahall pay to Mortgagee the indebtedneae in the principal eum of a 6, 581 _ 97 as evidenced by that certain promiesory note (the Note), ot even date herewith, e:ecuted by Mortgagor and payable to order of Mortgagee, with interest and upon the terme as provided therein, and together with all other sums a~Jvanced by Mortgagee to or an behalf of Mortgagor pursuant to the Note or this Mortgage, the tinal maturity date o( t6e Note and thia Mortgage being ~tober 6, 1986 , and shail pertorm all other covenants and conditiona of the Note, all of the terma of which Note are incorporated herein by reference as though set [orth tully here- in, and of any renewal, e:tension or moditieation, thereot and of thie Mortgage, then thia Mortgage and the estate hereby rreated ahall ceaae and terminate. Mortgagor (urther convenanta and agrees with Mortgagee aa followa: 1. To pay all suma, including interest secured hereby wben due, as ptovided for in the Note and any renewal, eztension or moditication thereof and in thia Mortgage, all s~ch sums to be payable in lawful money of t6e Uniteci Statea oi Amer:ca at Mortgagee a aforeaaid principal otfice, or at auch other plece as Mortgagee may designate in writing. 2. To pay when due, and without requiring any notice trom Mortgagee, alt taYes, aseeaementa of any type or nature and other charges levied or as~eased against the Mortgaged Property or thia biortgage and produce receipta therefor upon ~ ' demand. To immediately pay and diacharge any rlaim, lien or encumbrance against the Mortgaged Property which may be or become auperior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge ~gainst the I~lortgaged Property. 3. If required by Mortgagee, to alao make munthly deposita with Mortgagee, in a non•inteteat hearing account, to- gether with and in addition to intereat and principal, ot a aum equal to one-tweltth oE the yeariy taYes and aaeeasmenta which may t~e levied against the Mortgaged Property, and (i( so required) one-twelfth of the yearly premiutna tor inaurance thereon. The amount of such ta:ea, eaeessments and premiums, when unknown, ehall be eatimated by Mortgagee. Such depoaib shal) be used by Mortgagee to pay auch taxes, aseessmenta and premiums when due. Any insutficiency of euch ~ THIS ~N;TRUVENT PRE?ARFU RY , Sun Sank of ~t. L,1Ct~ ~0~(lt~l -t- i ey . M,B.Freeman B~~ ~ Q~Q F . V~17 ~ fORi YIERCE. FLO'rtDA 112 SOUTH SECpND STR~4i