The URL can be used to link to this page

Home My WebLink About0962 i 6U6096 1 , ~1ON"1'GAGF: UEF.D ANU t~F.CI!RITti' A(;REF:IIH:N 1' . THISMORTGAGEDEEDItheMort~gel,~latc~iasof ~Pril 27, ~q~3__.nyandt~twc.~n Richard B. Reed lhereinaftercalltdMortgagorland _ Sun Bank of St. Lucie_County - - having an 111 Orange Avenue _ Ft. Pierce _______________~~rcinaftercalledMortgageel; W I"I~NESSt:TN, th~t in cun~i~rr:~tiun uf the premitie, and in urdcr to.ecurr thr p~ynknt of tx~th thr principal ~~t, ~ and intere~t and any uther sums payable on the nute las hereinafter defined) or this Mongage and the perforn~ance and ~1 ~,h~~nancr ~~f all iif Ihe pru~•i~i~im here~~f ~nJ uf,aid ne?te, ti1urtgagur hereby grant~. ~elh. warrantti, cunvey.. a,tiigm. ~ transfers, mortgages and sets o~~er and confirms unto Mortgagee, all of Murtgagor's cstate, right. tiUe and interrst in, to ' and under all that cxrtain real property situate in St . Lucie__ _ County, Florida, morr particularly dexribed as folloHS: That part of the East 390 feet of the South 200 feet of the North 300 feet of the South 535 feet of the Northeast Quarter of the Southwest Quarter, Section 15, Township 35 South, Range 40 East, which lies West of U.S. Highway No. 1, except the East 7 feet thereof. THIS IS A SECC~ID NI~HIC~ "C(X;f:I~HfiR WITH all impro~~emrnt~ n~w ur hereafter I~xatrd un ,~iJ r~al pro~ny and all tixwmti, appli~n- ces, appsrawti, eyuipment, furnitihing~, heating ~nd sir cunJitioning eyuipment, marhinery and articleti of Fxr~unal pr~~pert}~ :~n~1 replacement ihereuf lother than th~»e owned by les~ee~ uf ~aiJ re:~l pro~rtVl nuw• ur hereafter affixed tu, ~ttached to, placed upun, ur used in any way in connertion with the complete andLOmfortable uu, ~xcupancy, i~ropera- tiun of the ~aid re~l property, all licen~e~ snd pem~its u~eJ or reytured in connertiun with the u.e ~~I +aid re~l pre?Ex rty. all leases of said real propert}• now~ ur hereafter entered into and all right, title ~nd interetit of Murtgagur thereunder, in- ~IuJing with~?ut limiwtion, ca~h ur ~rrurities de~~~ited thereunder pur~uant ta ~aid le~~e:s, and :~II rrntti, i»~u~~, pru- ceeds, snd profits accruing frum said real pruperty and together with all prc~ceeds of the conver,ion, ~~oluntary~ or invo- lunt~?ry uf :~ny ~?1 the forcgoing imu ra~h or liyuidated claim~. inclu~ling withuut I~mitau~m, pnxerd~ o( in,urancr an~f condemnatiun ~ward~ Ithe foregoing tiaic! mal property, tangible and intingible pertional property herein~fter referred t~~ cullectively .iti the titurtgaged Proprrtyl. Morteag~?r herrby grant~ tu !11urtgagee ~~ecurity imerr~t in thr tureguin~ Je- scribed tangible and intangible Ex:rsonal property. ~r T(3 HAVE: r1ND TO HOI.D the ~1ongaged Prupert}, I~?grthcr with a!I anJ ~ingular thr trnrm~nt., hrrc~~ta- ~ ~ ments anJ appurten~nres thereunt~~ helunging or in anyw itie appertaining and the revcr~~on ~nd re~~crtiiuns thereof :~nd , all thc e,tate. right, title. intere.t, hunzetitr~J, d~?w•cr and rigM uf d~~µer. ~epar~te e,tatr. Fx?>,~~tiu~n. rlaim and ~lrman~ , H~hat~uever, as «•ell in law ati in eyuity, o( Mortgagor and unto the .ame, and every~ part thereof, w•ith the appurtenance~ ' uf Mortga~~~r in and to the ~arne, and e~~en~ part ~nd parcel there~~f unt~? Mortgagee. ~1ort~ag~ir warrant~ that ~lortgagor h~ti a gtx~ci and market~ble title tii an indeFea~ible fee etitate in the real pnip- ~ rrty r~~mpri~ing th~ Mi~ngagcd Prupeny ~uh~rrt t~~ no lien, rhargr ~~r enrumhr~nre except tiuch a~ titurt~ a~rr ha, a~rc~d ; to 3c~ept in writing and Murtgagor cewen~nt~ ihat this :~1~srtgage i+ and will rem~in valid and enforceable mort~age un thr 1lortgaged Pn?pert} ~uhjrct ~ml}~ t~i the excepu~~m hrrrin pr~?~idcJ. `1~~ngag~~r ha. full ~~wrr an~ !~H ful authurit~ ~ ` tu mortgage the Murtgaged Propcrty in the msnner and furFn herein done ur intended hrreafter t~~ tx dune. ti1~~rtg~gur E w ill pr~~~rce tiuch Utle and w ill f~~re~er warrant an~ deten~ the ~~tne tu `t~~rtgagee an~i ti ill furr~er warr~nt anJ Jr~~ n~1 ~ the validrty and priority uf the lien hereof :~gainst the cl~irn~ i?f all penun~ and partie~ W hurnxx~er. ~ s ~ _ - ~1~~rtgagiu w ill. ~t Ihe c~~~l t~t ~1~~rtgag~~r. and w ithuut cx~xme t~~ ~1i~rt~agee. d~~. exe~'ule. arkn~~~cletl~~ an~1 tl~- ~ - li~•cr all ~nd every tiuch further act,. deed~. ri~veyanre,. murtgage~. a,~~gnmrntti. n~~tice~ ui ati,ignment. tran,fer, anJ ~ a,~uranr~. a. tilurtgagee ~hall fn~rn time t~~ time reywrc in ~,r~rr tu ~re.en~ thr ~n~~rit} uf thr lirri ~,f thi.lfurtg:,ge ~~r t~~ ~ f~cilrtate the pc rfurni:~nce ~~f the terni~ here~~f. ~ PROVIDEU. HOWFVER, [hat ~f ~tortgagor ~hall pay tc~ ~1c;rtgagee the in~iehtedne~ti in the principal su~r? <~f S~~ _ QQ ase~~idenced hy that rertain promis.~or~ note ithe tiote~. of e~en ~iate herew ~[h. or an~ reneual ur replacement of such Note. executed by ~1ort~agor and pa~ able to cxJer of ~lortgagee, u~ith mterest and u~n the terms a, pro ~ ided therein, and t~ether w ith all other sums ad~anced b} ~lortgagee to or on tkhalf of :1lortgagor pursuant to the Note or ~ this Mortgage, the final mawrity~ date of the Note and thi~ ~lortgage as SpeciCied in the ;~cite and shall perfurm all other co~~enantsand conditions of the Note. all of the terms of w hich Note are incorporated herein b~ reference as though;et fonh ful ~ h herein, and of an~ renewal, rxtensicin or mociificauon, there~f and oi thi5'1lortgage. then this'llext~ge an~i the etitate hereb~ ~ created shall cease and terminate. ~ ~ ~ ~ '~1~~rtg~zi~r further ce~~~nant~ an~ agreeti N?th ~11~rtg~tice ati ti~ll~n~.: ~ ~ I. T~~ pa}• ~11 wrns, inrluding intere~t tiecured hereh} ~ hen ~iue. pru~ ideJ f~~r in the Nutc an~ ~n~• rrr.cw al. r~trmic~n ~Tr rn~xlificati~m thereuf an~i in thi~ ~1~~rtg~gr. ali ;urh tium, t„ he pa~ahle in I~~?tul mnnr} tlir ('nit~.l Statr~ - ~,f Amenca at ~t~rrtg~gee'ti al~~re.a~d prinrip:~l ~~(firr. ~~r at wch uther plare ~1e~rtgagre nra~ dev~,na[e in H nhng _ T~~ pay ~hen duc. an~1 w ithuut rryuinng ~n~ n~~ucr frum ~1~~rtga~rr. ali t~~e.. ~..~..rncnh ~~t ~n: t~ Ex ~~r ~ n:~ture and other charge. le~~ied or a,tieti~ed against the MortK~ged Pre~pert~ ~~r thi~ ~1i~rtgagr ~nJ pnxfu~e receipt~ therr- f~~re uFxm Jemand. T~? immrdiatrly pay and ~li~ch~r~:e an} claim, lien ur rncur~ihrance a~:ain~t the M~~rtgag~d Pnr~xrl~ which m~y be or become su~rior to this Murtgage and to perrnit no default ur Jelinyurnry un any ottier lien, encum- k hranre or ~h:~r~e a~:~in~t thr '~1i~rtg~ged Pro~ rt} . ~ " 3. If reyuired by Mortgagee, to alw make m~mthly dcFxnit~ with 11~~rtgagee, ~n ~ ncm-intere,t hearing ~r- ~ c~~unt, t~~gether u ith and in addiUim te~ interetit ~nd principal. i~f a tium eyual t~~ une-tw•elfth uf the }earl} tatie~ an~1 ,etitimentti which rnay be levied :~gain~t the ;1lortgaged Property. and 1 if w reyuired) cme-twelfth uf the yearly~ prrmiunn Ii~r inwrance thereun. The amuunt i~f wch taKZti, atitic~~rn~ntti and premium~, when unl~n~~wn, ~h~ll he ~,~in?atr~ h~ - '.~lortgagce. Such depositti shall be u,ed by M~~rtgagee to pa}~ surh taxeti, atitietitiment~ and premiums when due. Any in- .u(tic~enry uf ~uch ara~unt t~? pa} >urh rharge~ when due tihall be paid b~ M<~rtgag~~r to Mcirtgagr< <m drmand. If, h~ ~ reati~~n of any dcfault by Me~rtgagor under any prcn~isi~m ~if this Mortgage, Mongagce declare~ all tiurn~ tiecured hcrehy t~~ he dur and e~~?hle. :~t~~rt ~c~ ma} thrn a Iv an~ fun~ti in ~aid arc~~unt a~aintit the ennrr indrhteJnc~~ xcurr~ P' . ' k ' ' PP . = 4 ~ ~ N 9 Bt Ii i~K ~ ~t.E ~ - ~ b ~