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Home My WebLink About0920 - _ - _ w • ~ ~a~+.s µ ~r-' - .~~a~....~ ~~.r.~-~w~.... ` _ i ~ ~ ~ ~ ~ . ~ ~ ' ~ ~ ~ 63~~'3 ~ ~~rc~cs aBe~ ~ a~cvw~r~r ~c~e~rr ~ o 0 THLS MORTC3AGE DEF.D (tbe Mortpre~, dsted ai o~ ~ 27 ,19 83 , by and betwan Ja~aes P. Sirois & Patricia S. Sirois, his wife ~ 5)'~ ~~q~iya~~~ Sun Bank of St. Lucie Oountv " , h~v-~ ~iai G ~~=t 111 Oznnqe Avenue Ft. Pierce. Fl. ~p~~p~Ma~~~ J WITNFSSETtI. that in caisideration ~f tho p+emises and in ader to socure the payment of both the principal of. ~ aad iate~est and aay otl~er sums payabk on the aotc (as ba~einaRer defir~od) or this Matgsge and the pcrfom~anoe and observanca of all of the provisions hereof and of said note. Mwtgago~ hereby g~ants. sells. wsrrants. conveys. a~signs. tn~fe~s. mo~t~es ud aeta over and ooafun~s unw Mortp~ee, an d Mort~~or's estate. riahb title and inta~,st in, w anduaderallttwtoertainralpropatysituatein St. I~ucie O~unty CountY, F7orid~, mare puticulerly desa~'bod as fo0ow~ I,~t 22, Block 1 of THUMB PO~NT, as pex plat thereo~ a~ file in Plat Boak 10, at page 79, of the public recards of St. Iucie Cauity, Flarida. ~ TOGE'[7iER ~WITH all improvements now or hereafter locatod on said real qoperty and all fixtures, applian- ~ . ces, appacaws, oquipmeat, furnishings, heating and air ca~ditioaiag equipmeot, machinery and a~ticks of petsonal - p~ope~ty and replacemea~t thereof (otber.thar~ thos~ owned by ~sso~s of said ceal qnperty) now or hereafter affixod to. attached to, plaoed upoa. or usod in any way ia oonnation with tt~e oompkte andoomfartabk use, occup~ncy, oropera- . tion of the said rc,al pr~operty, all licenses and permits usod or crquirod in connoction with the use of said c~al property, all kases of said real property aow or heneafter enterod into and all rigbt, titk and iaterest of Mo~tgaga theneunder, in- cluding without limitation. cash or socurities deposited theneunder pursuaM to said kases, and all rents. isssues, pro- ceeds, aad profits aocruing frnm said ~eal p~+opetty and wgether with all p~oaedc of the convusion. voluntary or invo- luntary of any of dx foregoing into cash or liquidated claims, including without limitation. proc~eeds of insurance and condemnation awards (tUe foregoing said ~cal pmperty, tangibk and iatangible pawnal p~+~Qerty t~ereinafter refemed to. . colkctively ac the Matgagod Pt~nperty), Mortgagor hereby grants to Matgagce a socurity interest in the fongoing de- scribed tangibk and intangibk personal prope~ty. TO HAVE AND TO HOID the Mortgagod Property. together with all and singular the tenements. heredita- ments and appurienancCS thereunto belooging or in anywise appertaining and the reversion a~d reversions thereof and all the estate, right, title, inte~+est, homestead, dower and right of dower, separate ~state, possession, claim and demand whatsoever, ac well in law as in oquity, of Matgagor and unto the same, and evay part theroof, with the appurtenances of Mortgagor in and to the same, and every part and parcel theneof unto Mortgagee. Matgagor warrants that Moctgagor has a good and marlcetable title to an indefeasitrle fce estate in the neal prop- erty comprising the Mortgagod Propeny subject to no lien, charge or encumbrance except such as Mortgagee has agreed to acoept ia writing snd Moctgagor covenants diat ttiis Mcxtgage is and will remain a valid and enforceabk matgage on the Mortgagod R~operty subject anly to the exceptions herein provided. Mo~tgagor has full power and lawful sutho~ity ~ o s to mortgage the MortB~ ~'~P~~Y in the manner and form hec~ein done or intendod heneafter to be done. Mortgagor o a~ will p r e s erve such tide and will forever warrant and defend the same to M o r t g a g e e a n d w i ll f o r e v e r w a r r a n t a n d d e f e n d o~~'the validity and priority of the lien hereof against tht clairr~ of all persons and parties whomsoever. m c, O ~ y. . _ . E o a ~ Mortgagor will, at the cost of Mortgagor, and without expense to MoRgagee. do, execute, acknowledge and de- = m M~~liver ail and every such fuN~er acts, deeds, coveyar~oes, mortgages, assig~unents, notices of assignment, transfers and ` r• ~~a~surances as Mortgagee shall from time to time require in order to preserve the prioriry of the lien of this Mortgage or to S~facilitate the perforn~ance of the terms hereof. ~ ~ a ~ W N ~ PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortg,agee the indebtedness in tbe ~ s 38 500. 00 P~pP~ sum of N o . as evidenoed by that autain prani~ory note (the Note), deven date herewit6, or any renewal or ~ r+eplaoaneat d such Note, exavtod by Morigagur and p~yable w arder of Martgaga, with interest aad upon the tums as pro- ~ vided thudn, and to~etlxr with all other sums advanood by Mortga~ee w a on bet~t' d Mort~gor p~usuant to the Note or ~ Matg~e, the fu~al matwity date o~ the Note and this Martga~e as spxified 'm the Note and s6all paform all other ! ~ e~ ~ venants and oonditims of t6e Note, all d the tum~ of which Note are inoorporated herein by referena ~ though ~et fath tul- IY haein, and of any rc,c~ewal, exc«~sion a modific~tion, tbereotand of this Mortp~e, tt~en this Mortgage and d~ee estace hereby crcatod shap oease and tenninate. Matgag~ further covenants and agrces with Mortgagce as follows: . 1. To pay all sums. including inte~est secured hereby when due, as pr~vided for in the Note and any renewal, extension or modification thereof and in this Matgage, all such sums to be payable in lawful money of the United States of America at McMgagee's afoc+esaid principai of~ioe, or at such othe~ plaoe as Mortgagee may desigoate in writing. 2. To pay when due, and without requiring any notice from Mortgagee, all ta~ces. assessments of any type or nature snd dher charges kvied or atsessed against the Mortgagod Prnpaty or thi.s Mortgage and pmduoe roceipts tt~ere- tore upon demand. To immediatelY paY snd discharge any clairri, lien or encumbrance against the Mortgagod Property . which may be oc become supuior to this MoRgage and to permit no default or delinquency on any otNer lien, encum- branoe or chatge against the MortB~ ~Y• ~ 3. If required by Mortgagoe. w aiso make monthly deposits with Mcxtgagoe, in a ~oo-interest bearing ac- count, together with and in addition to intercst and principal. of a sum equal to one-twelfth of the yearly taues and as- sessmeets which msy be kvied against the Mortgaged Propaty, and (if so roquirod) aie-twelfth of the yeariY Pr'emiums ~ for insurance thereon. The artaunt of such taxes, assessments and qemiums. when unknown, shall be euimated by ; Mortgagea. Such deposits shall be used by MortBASa ~ WY such ta~cea, asaessmeats and pc~emiuma when due. My io- ' sufliciency of such aooount to pay such chasges whrn due sGall be paid by Matgagor w Mortgagee on demand. If, bY ~ ~ neasoo of aoy default by Mortgagor smder any puvisiou of this Mortgage, Matg~gee docla~es aq wa~s socured be~eby to be due and payabk, Mortgagee may tha~ apply any funds in said account against the entire inrdebtodness secu~+ed t ~ . .~a.~aoo~, N ~e, BQOK PA6E ~7fw1 ' z - _ _ _ _ - _