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Home My WebLink About0952 . ' ~ - i9.3~ 544323 ~3 ~,q ~ . ~ c~ j. 5.V 5 , ' . MORTGAGE DEED AND SECURiTY AGREEMENT THI3 MORTGAGE DBSD (tbe Mortsa~e). dated at of September 25~ 19 81, by and between Betty Jean Selph `a~ 'i (6ereinatter catled Mo~agor) a~ Sun Bank Of St. LuCie County , havina an ' ot(ice at 111 Orange Ave. ~ gt. Pierce , Florids ibereinatter called Mortsaseej; WITIdE39ETH, that in conaideration ot the premises and in or~r to ~acure t6e psymant o[ both tbe principal ot. and iaterest and any other sum~ payable on the note (aa hereina(ter detined) or thia Mo~ase and tbe per[ormance and ob- servance ot ail of tbe provisions hereot and ot said note, MoMaeYor henby ~rants, setls, warrants, aliens, remi~e~, reles~ea, convsys, arisns, trawtess. mortaaae~ and ~eb over and contisms uato Mortsaaee~ aU ot Mortaaaor'~ estate. sil~ht, title and intereat in, to and under all that certain re~l property situate in St. Lt1Ci@ County, Ftorida more particula~ly described as follows: Lot Eight (8) in Block A as shown in a Re-Subdivision of Blxks A& B af a Subdivision as fortnerly surveyed by J. M. Swain and M. J. Raulerson and Platted by M. J. Raulerson it beinq the N~i of the Nl~l~,c of the NW~ of the SE~i of Section 8, Township 35 S. Ranqe 40E. as shown in Plat Book 6, Paqe 43 of record in Clerk's office of the Circuit Court of Saint Lucie County, Florida. ~c~vEe s~~.; i~e.~ ~N PAYMENT Of TAxEf y~ S TAT E~~~ L CG ?7 DOCUMENTARY,=:~--.;>, STkM? Tl~a ~ ~ D i i E O i l CI.I~SS'C' WTAN6E8LE PEP.50!IA~ PkOP'ERiY~ ~ t~ t f' T.~) F R C V E N U E r''~ N~;::~~_ - r Z~.. i.-.~ PURSUANi TO CpAP1EQ TI•i3+/, ACTS OF UI1. , . ~ R06FR PCITi'iAS ~ y ~ _ ~ ~ ~cr -e•ei ~ ~ I 9. 3 5 ~ . c~ac c~rrt cowT, st. wat co. j) M__~~. - E:~~? o~ . . i 'I'OC'ETHER WITH all improvements now or hereafter located on said real property and all ti:tures, appliancea, apparatua, equipment, heating and sir conditionin6 equipment, machinery and articles of peraonal ptoperty and replacement thereof (other than thoee owned by leaeeea of said r~l property) now or l~ereatter at[ixed to. attached to, placed upon, or used in any way in connection with the complete and rnm[ortable use, occupancy, or operation of said real property, ~II licenses and permite used or required in connection with the use ot said real property, ali leases of said real property now or hereafter entered into and all right, title and inteceat of Mortgagor thereunder, including without limitation, caah or securi- tiea deposited thereunder purauant to said leaaea, and all tenL, isatea, procceds. and profits accruing from aaid real pmperty and toget6er wit2? all proceeds of the convenion, volunlary or involuntary ot any of the foresoing into cash or liquidated claims, including wit6out limitation, proceeds of insurance and condemnation awaxds (the foregoing eaid real property, tangible and intangible peraonal property bereinafter reterred to as the Mortgaged Property). Mortgagor hereby granta to Mortgagee a eecurity intereat in the toregoin~c deacribed tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property, toaether with all and singular the tenementa, hereditsimenta and appurtenancea thereunto belon~ing or in snywise appertainin6 and the reveraion and reveraiona t6ereot and all the eatete, right, title, interest, homestead, dower and right ot dower, separnte estate, poaeession, claim and demand whataoever, as well in !aw as in equity, of Mortgagor and unto the eame, and every part thereof, with the appurtenancea of Mortgagor in 'i and to the same, and every part and parcel thereof unto Mortgagee. Mortgagor warranta that it has a good and marketsble title to an indeteaaible (ee eatate in the Mortgaged Property ' subject to no lien, charge or encumbrence e:cept auch aa Mortgagee haa ngreed to accept in writing and Mortgagor covenants ~ that this Mortgage ia and will remain a valid and en(orceable firat mortgage on the Mortgaged Property eubject only to the ! exceptions herein provided. Mortgagor has tuU power and law(ul authority to mortgage the Mortgaged Property in the ~ manner and form herein done or intended hereafter to be done. Mortgagor vrill preeerve such title and will forevec warrant € and defend the eame to Mortsagee end will torever wartant and deiend the validity and priority ot the lien hereof against the claims of all peraona and partiea whomsoever. Mortgagor will, at the cost ot Mortgagor, and without e:pense to Mortgagee, do, e:ecute, arknowledge and deliver all and every auch further acta, deede, conveyancea, mortgagea, aseignments, noticea o( aaeignment, transfers and se~surancea aa Mortgagee shaU from time to time require in order to preeerve the priority ot thp lien of this Mortgage or to tacilitate ttne pertormance of the terme heteof. PROVIDED, HOWEVER, that if Mortgagor ahall pay to Mortgagee the indebtednesa in the principal aum of ~ 12 ~~2~ 110 aa evidenced by that certain promi~ory note (the Note), of even date herewitb, ezecuted by Mortgagor and payable to orrler o[ Mottgagee, with interest and upon the terms as ptovided thenein, and together with all other auma advanced by Mortgagea to or on behalf of Mortgagor pursuant to the Note ot thia Mortgage, the tinal rnaturity date of the Note und this Mortgage being ~CtObeY' 1, 1989 , and shall perform all other covenants and conditiona of the Note, all ot the terma of whech Note are incorporated herein by re(erence as though set torth fully here- in, and of any renewal, e:teneion or modification, thereof And o[ thiH Mortgage, then thia Mortgage and the estate hereby c•reated ahall ceaae and terminate. Mortgagor further convenanta and agreee with Mortgagee ae (ollows: 1. To pay ai) suma, inctuding intetest eecured hereby when due, as provided (or in the Note and any renewal, extension or modification thereot and in thia MoHgage, all surh sume to be payable in law(ul money of the United Statea of America at Mortgagee's aforesaid principal oftice, or at such other place as Mortgagee may designate in writing. 2. To pay when due, and without requiring any notice from Mortgagee, all tazea, aaeesatnenta ot any type or nature and other chargea levied or aaeeaeed against the Mortgaged Property or /his Mortgage and produce receipte theretor upon demand. To immediately pay and discharge any claim, lien or encumbrance against t6e Mortgaged Property which may be or become auperior to this Mortgage and to permit no detault or delinquency on any other lien, encumbrance or charge ~ aRainst the Mortgaged Property. ~ 3. I[ required by Mortgagee, to also make monthly deposita with Mortgagee, in a non-intereat bearing account, to- gether with and in addition to intereet and principal, o( a sum equal to one-tweltth ot the yearly taxea and aseeaamenta which may be levied against the :~tortgaged Property, and (if eo required) one-tweltth of the yeerly premiums tor inaurance thereon. The amount of auch taxes, aseesRCnents and premiume, when unknawn, ehatl be esiimated by Mortgagee. Such deposits ahall be used by Mottgagee to pay auch taxes, asseasmenta and premiume when due. Any insut(iciency of such TliIS INSTRUMENT PREPARED ~lf Sun Bank of St. Lucie County . ~ ey _ M•...8.. ..F~.ee~nan.............~~ BI~?!( ~ PA~ t~tJ~ ~ ~ORT PIERCE. F~ORIDA - »2 souTH secona aTRE~i ~