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Home My WebLink About0966 p ~ ~ ~ / MORTGAGE DEF;D AND SE('UR1TY AGREEMEN"I~ ~~OJ~ THISMORTGAGEDEEDItheMortg:igel.dateiiasof _~Pr il 14, ,~q_83__,byandbetween Edward .7. Kepp b Caroline A. Kepp, his wife _ Ihereinafter called Mortgagor? and _ S u n B a n k o f_ S_t L uc i e C o u n~_ ; i - - - ~ - ha~~ing an { uffi~~e at F o r t P i e r e e, F 1 o r i d a Ihereinafter 4ailed Mortgageel; ' W ITN E:SSETH, th~t in consideratiun uf the premi~es and in urder to.ecure the payment of h~~th the pnnripal uf , f- and interest and any othe~ sums payable on the nute (as hereina(ter defined) ar this Mongage 3nd the perfurmance and , a ~?b.rn ance ~~f all of the pruvision~ hereuf and of ~aid nute. Mortgagor hereby grants, ~ell., w~rrant~, com~ey~. a»i~m, I. ; i transfers, mortgages and srts over and confirms unro INortgagee, ail of Mortgagor's estate, right, title and intcn;st in, to i~ and underall that certain real property situate in ST LU QE County. Florida, more particularly dexribed as follows: + - d. ~ SEE EXIf3IT "A" FOR ~~EGAL DESCRIPTION ~ ~ • i ~ T(X;F:THER WITFi ~II impruv~ment~ now or hereaf~er lorated cin said re:~l pru~rtr :~nc1 ~11 iixtures, applian- ce~, apparatus, eyuipment, fumishings, heating ~rd air conditiuning eyuip~n~nt, machinery and srticles af pertian:~l pruperty :~nd replacement thereuf lother than thuse uw ned by Ir~tiees uf ,aid re~l property 1 nuH ur here~fter affixed ti~, ~ attached to, placed up~m, or used in any way in connection with the complete andcomfortable u~e, ~cupancy, oropera- ~ tiun o( the said rea! property, all licenseti and pern~its uud or reyuired in c~~nnectiun with thr ux uf .aid re~l property. E ~II leases o( said real property nuw or hereafter entered into and all right, title and intereu o( Mortgagor thereunJer, in- ~ cluding w•ithout limitatiun, cash or ~rcurities ~leposited thereunder punuant t~? ~aid les~e~, and ~II rentti, i~ti.ues, pru- a reeds, and profits acrruing fram said real property and together with all proceeds of the con~•er,iun, votuntary or in~ii- + luntary of any of the fureguing into ra~h i~r liyuidated claim,, including w nhuut limit~tian, pnxeed, ~rf in.urance an~i ~ condemnation awards (the foreguing tiaid real property, tangible and intangible penonal property hereinafter referred t~? ~ c~?Ilrcti~~ely a~ the !~lortgagrd Property 1. Murtg~gar hereby grantti te?11~~rtgagre a~ecurity intere~t in the fureg~~~ng ~ie- ; ~ uritkd tangible and intangible personal pruperty. ~ TO HAVE: AND TO HOLD the Murtgaged Pru~xrt~, tugethrr with all and ~ingular th~ tenrment~, hrr~~fit~- ment. ~nd ~ppurtenances thereumo brlonging ur in anywitie sppertaininK and the re~•eniun ~nd re~~er,i~im thrreut an~i all the estate, right, title, intere.t, h~~me,tesJ, dawrr and right of Ju~er, tieparatc r.tate. Fx~~~eti~i~m, clairn an~1 ~trmand ~ hat,oever, ss w•ell in law a~ in eyuity, uf Mortgagor and unto the ~ame, and e~•ery part thereuf, w ith the appunen~nce~ i~f '~1i~rtgagur in and t~~ the tiame. and every part and parcel thereof unti? ~lurtgager. Mortgagor warrants that Morigagor ha+a gcxxl and marketable title t~~ an indefea,ible fee e~t~te in the real prup- ert~ ci~mpri~ing the `1~?rtgaged Pm~rty ,uhject to ni? lien, chsrge »r rnrumbran~e rzcept ~urh a. ~lungagre ha~.~gr~~~1 I t~~ arcept in writing and Mortg:~gur covenants that this Murtgsge iti and will remain ~ valid and enforceable mungage un ; the ~t~?nga~ed Prupem~ ~ubject ~mly t~? the exceptiunti herein prurided. ~lurtgag~~r ha~ fuU Ex?wer an~1 la~+ful authunh ~ tu mortgage the :1longaged Property in the m:~nner and (urni herein dime ur intrndcd hereafter tu txr dune. ~furtga~:~~r ~ _ H ill pre.er~e wch title and ~ il! ti>r«er warr~nl anJ ~efend Ihe wmr t~~'11i~r1~~~ec :~n~l w ill fi?revrr ~+arrant anJ ~lrfen~l ; - the ~alidit}• and priorit}~ of the lien hereof again~t the cl~ims of all pene~m and p:~rtieti uhi~mu~e~er. ~ r ~ - 11~~rt~ag~~r ~+'ill, al [he ru`t ~1urt~age~r. an~1 w ithuul etpem~ lu \1t~rtgagee. du. Ctecule. arl,ne>u I~tlgr antl tle 9 I~~er sll and every >urh furthrr sctti, deeds, c~~Eeyance~, murtgage.. ;i.~ign?nenh, n~~tire~ ~~t ~ti.ignment. tran,fen an~i ~ ~~.urar.reti ati ~1<~rtgagre ~h~ll fr~~m h~rie tu t~~nr reyuirr in i~r~er t~~ ~r~.er~r Ihr pn~~nt~ ~~f the lien uf thi. ~1~~rt~a~r ~~r t~~ f~c~l~tate thc perform~nce c~f the ternu hereuf. ~ ~ PROVIDED. HOWFVER, that if titortgagor tihall ~a~ to Mortgagee the indebtednet~ in ~he principal ~um of ~ 5 4 0, 0 0 0. 0 0 asevidenced by that certain promit~or}• nvte Ithe tiotel, of e~•en e7ate hcrew ith, or any renewal i~r replacement of such Note. executed hy Mortgagor and pa}a~le to order of'~lortgagee. uith interest and u~n the terms a~ rro ~ ided therein, and together w ith all other sums ad~anced b~ ~lortgagee to or on behalf of R1ortgagor pursuant ro the tiote ~>r thiti !~tortgage. the final maturity~ date of the tiote and this Mortgage as specified in the ~rne an~1 shall ~erform ail other - co~enantsand conditions of the'vote, all of the terms of w hich tiote are incorporated herein h~ refercnre as though set fc>rth ful I~ herein, and of any renewal. eatension or modificati~m. thereof and of thit M~rt~ge, then this 11~rtg:?ge and the e~tate hereh~ ~ crcaced shall cease and terminate. x ~ 11~irt~agur further cc?~enantti ~nd agree. w~th ~1ung;~grr a~ l~~ilu~+. ~ 1. To pay all tiumti, including intere~t scrured hereb} µhen ~1ue.„pru~ iJe~i F~~r ~n the \utc an~1 an~ renewal. rYtemi~m ~~r m~xlif icati~m therei~f anJ in thi~ \1~~rtgage, al! wch ~um~ t~~ tx pa~ahlc in law ful nu~n~~ i~f thr t'niteJ St~tr. _ u( America ~t ti1~ingagee'~ afore>atd principal ~~ffice, cir at wch iither place `1~~rtgager ma~ de~i~nate ~n ti:~ting 9' T~~ pay when due, and aith~~ut rryuiring an} n~~tire fmm ~1~~rtgage~. all tare~, a~~e~~menitii~t am t)~x ~~r nature and other rharges levied or assessed against the Mortgaged ProExrty or thiti M~~rigage ~nd pr~Klu~e re~eipts therr- ~ fe~re uFxm dem~nd. T~~ immedi:~tel~ pay and di~ch;~rge any claim. lien e~r encumhran~e ag:~in.t the ~t~~rtgagrd Pn~pert~ ~ which may be or become superior to this Murtgage and ro permit no default or delinyuency ~m any otfier lien, encum- ~s brance iir ch~arge against the Me~rtgaged Pmperty. s: 3. If reyuired by Murtgagee, to also make m~mthly de~r~its w~th ~tungagee, in a nem-intere.t haanng ar- ~ ~•~~um, t~~gether with and in additi~m tc~ intere~t and princip~il, ~~f a~um eyual t~~ ~me-twelfth ~~f the ~e:~rl} tare~ and ~eltiments which may be levied aga~ns! the Mortgaged Property, and 1 if so reywredl one-twelfth c~f the ~c:irl} prenuum~ f~~r imur:~nce thereun. The arnount ~~f wch taxe~, atities~ments and premiunn. whrn unl~nuwn. ~hall he e~Umate~ M Morlgagee. Such depotits shall be used by Mortgagee to pay such taxes, atisessments and premiums when due. Any in- wfficiency~ ~~f ~uch accc~unt to pay ~uch ch:~rge~ when due.hall be~paid by Mortgagor to Mortgagee ~~n dcmand. If, h} ~ reason c~f any default by h1ortgagor under any provis~on ~~f thiti Mclhgage, Martgagee declares all wms secured hereb} ~ t~~ he~ due nnd p:~~ahle. ti1~rnga~ec rnay then apply any fund~ in tiaid account againtit the entire indehtcdne~ti .e~ured 4-~~:~ , N 9 81 a~ ~c 4~ FaGE - . a= . . ~ , _ . ~ ~ h ~ ;~a~~~.-e.. r~~r..2::~.-. ~