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Home My WebLink About0920 ` • • . . ~ . v . ~~I ~ i MORTGAG6 DBBD AND SBCURITY ACRBLhIBNT ~ THLSMORT(iAQEDEEDItheMort~ye~,dRtodatct December / ,19~.~,bYsndbetwoa~ . MARK P. S'1'TING$R, M.D. ~~~~Maw~~~ SUN BANK OF ST. LUCI$ COUNTY ~ , w"'~'" ~jb of~'~oeac 111 Orancte Ave.. Ft. Pierce, FL 33450 ~~~Ma~~; WITNESSETH. that in consideration of the prcmises and in order to secure the payment of both the principal of. and interest and aay other suma payabk on the note (as her~einaftec defined) or this Mcxtgage aad the perfom~ana ud observanoe of all of the pruvisions hereof and of said note. Mortgagor hercby grants. sells. warrants. cooveys. assigns. traissters, mort~a~ec and sets over and ooafimu unto Mortg~~oe, ap af Mart~or'a estate, right, titk and inta~est in, to and underall tbstoenain ral propatysituate in I~tCie OOU[1tY Couah?, Florida, mote particulariy descn'bod at follows: _ Oocxioa~iniun Unit 10, Build.ing I~b l, Of PORT SP. LUCIE i~ICAL PiA?.A, an offioe oor~dominiun aooording t~o the peclarati,on of Qorx7aniniua thereof, reoorrl~ed in Offici,aZ Iaeooxds Book 411, Page 2848, of the Public Reooras of St. Iiuc~ie Oourity, Flarida, together with an wxlivi,ded interest in th~e aoamoai elenerrts a~pp~n tenant thereto set forth in said Decl+aration. TOGE1'HER WITH ali improvements now or hereafter located on said real property and all fixtures, applian- ces. apparatas, oquipment, fumishings. heating and sir conditioning equipment. machinery aad articles of personal pc+operty and replacement thereof (other than those ownod by~kssees of said c+eal property) now or hereafter affixed to. . attached to, plaoed upon. oc used in any way in connation with the compkte andoomfatabk use. oocupancy, or opera- tion of the said real pr~opecty. all licenses and pennits usod or requirod in connection with the use of said real property. all kases of said c~eal p~~ope~ty now or hercafter entared into and all right, titk and intenest of Mortgagor therew~der, in- cluding without limitation, cash or securities depositod thereunckr pursuant to said leases, and ali rcnts, isssues. pro- ceeds, and pmfits acccning from said real prope~ty and.tog~ther with all proceods of the conversion, voluntary or invo- luntary of any of the foregoing into cash or liquidatod claims, including without limitation. proceeds of insurance and condemnatioa awacdt (the foregoing said real pnoperty, tangible and intangibk personal property h~reinafter refemed to collectively as the Mortgaged Pr~operty). Mortgagor hen:by grants to Mortgagee a security interest in the fa+egoing de- scribed tangible and intangible personal property. TO HAVE AND TO HOLD the Mortgaged Property. together with all and singular the tenements. heredita- X'' ~ ments and appurtenancxs thereunto belonging or in anywise appertaining and the ~eversion and reversions the~eof and ~ all the estate. right, title, inte~+est, homestead. dower and right of dower, separate estate, possession. claim and demand c: i~ whatsoever, as well in law as in equity, of Moctgagor and unto the same, and every part thereof, with the appuctenances ~ of Mortgagor in and to the same, and every part and pac+cel thei+eof unto Mortgagee. - ~ ~ Mortgagor wazrants that Mortgagor has a good and marketable titk to an indefeasible fee estate in the real prop- erty comprising tha Mortgaged Property subject to no lien, charge or encumbrance except such as Mortgagee has agreed ~ ~ to accept in writing and Mortgagor rnvee~ants that tliis Mortgage is and wil! remaia a valid and enforceable mortgage on ~ i ~ the Mort a ed sub' onl to the exce ~ons herein vided. Mort a or has full wer and lawful authorit 8 8 ~~nY J~ Y W~ P~'o 8 8 Po Y ~ w;,; to matgage the Mortgaged Property in the manner and form her~ein done or intended hereafter to be done. Mortgagor ~ i will preserve such title and will for~ever warrant and defend the same to Mortgagce and will forever warrant and defend ~ ~ Y o the validity and priority of the lien her~eof against the clai~ of all persau and parties whomsoever. ~ J i r. a ~ ~ Mortgagor will, at the cost of Mortgagor. and without ezpense to Mortgagee, do, execute, acknowledge and de- ~ ~ ~ ~ liver all and every such further acts, dceds, coveyat~ces, mortgages, assignments, notices of assignment. transfers and ~ assurances as Mortgagce shall from time to time r~equire in order to preserve the priority of the lien of this Mortgage or to ~ c o~ facilitate the pedormance of the terms heroof. AROVIDED, HOWEVER, that if Mongagor shall pay to Mortgaga the indebtedness in the principal sum of s 87. 000 . 00 as evidenood by that certain promissory note (the Note), of even date herewith, or any nnewal or replace~aent of such Note, exocuted by Mortgagor and payable w order of Mortgaga, with intuest and upon the terms as pro- vidad therein, and w~etha with all other sums advarw~d by Matgagee W or on behalf d Mat$agor pursuant to the Note a this Mat~e, the fu~al maturity date of the Note and this Martga~e as specafied in the Note and st~all perfam all other oovenants and oonditionS of the Note, all of the terms dwhich Note are icx:orporatod t~erein by referenoe as though set forth ful- - ly herein, and of any ru~ewal, exte~uion a modification, thereof and of this Mortg,a~e, tt~en this Mortga~e and the estate hereby created shall cea~e and terminate. Matgagor further covenants and agrces with Matgagee as follows: I. To pay all sums, including interest socured heneby when due, as provided for in the Note and any renewal, extension or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States t of America at Mortgagee's aforesaid principal oflioe, or at such other plsce as Mortgagee may designate in writing. € 2. To pay when due. and without requiring any notice from Mortgagee. all taues, assessments of any type or ~ ~ nature and other charges kvied or assessod against the Matgagod Pmpecty or this Mortgage and produce reoeipts there- ~ fore upon demand. To immediately pay and discharge any claim. lien or encumbrance against the Mortgaged Prnperty . which may be or beoome superior w this Mortgage and to permit no default or delinquency on any otlfer lien, encum- ~ brance or charge against the Mortgagod Property. ~ 3. If requir+~d by Mortgagoe, w also make monthly deposits with Mortgagee. in a non-interest bearing ac- ~ count, togetl~er with and in addition to interest and principal, of a sum oqual to one-twelfth of the yearly taxes and as- ~ sessrneAts which may be kviod against the Mortgaged Prop~a~ty, and (if so requirod) one•twelfth af the yearly pr+emiums for insuranve thereon. The amount of such taxes, assessments and prcmiums. when unknown. shall be estimated by ~ Mortgagce. Such deposita ahall be used by Mortgagee W Qay such taxes. sssessments and premiums when due. My in- sut~'kiency of such account to pay such etwrges when due shall be paid by Mortgagor to Matgagoe on demand. If. by F r~eason of any default by Martgagor under any provision of dus Mortgage. Matgsgee declar~es a11 swiu:ocur~ed heneby to be due and payabk. Mongagee may tlKn apply any funds in said saouM agara~ ti~ i secured k 690'K ~a~~ s 4~O~IA4-000~1 N WSI ~