The URL can be used to link to this page

Home My WebLink About0929 1 . . ' O O /rG~ct ~7•CC, ~ ~ ~ . v s9 ~iZ ~ / 5,p ~ DS • / .r t i MORTGAGE DEfD AND SECURITY AGREEMENT TH1S MOR7'GAGE DEED (the Mortjaje). dated as of J8itu8Yy 24 . 19 by ud betweea Irving flef ter and Bdith Hef ter, his wif e (nereiaatcec caued Yortaasor and ~n Bank of St.Lucie County _ i ottioe at 111 OtBtlge Ave. , Ft. Piexce, F1. 33450 (hereinafter ca?led Mort6asee): \~j WfiNESSETH. that ia coatideration of the pnmius aod ia order to sxute the payment of both the prinapal of. aad iaterest aad my other sums payabk on the note (u 6ereiaafter defiaed) or this Mortg~ge and tDe performana and observaaoe of all of We pmvisioas hereof and of said note. A[octaa6or hereby araats, seUs, wunats. oonreys, assiigns, tiaasfers. mortgaaes aad seu over aad caafuau unto ldortsagee, all of Mortaagor's . estate, risht. titk and inteiest ia, to and under all that certain ral property sitwte in St.Iueie County. Florida, more puticularty descnbed as follows: • ' Lot 15, Block 85, SOUTH PORT ST. LUCIE, UrTIT FIVB, according to the Plat : thereof as recorded in Plat Book 14, Page 12 of the Public Records of St. Lucie County, Florida. TBIS IS A SE(AND' I~ORTGAGB ~ r~ 7 7• • IMcelved ~ In Payment Of Taxes _ Due Op Gass "C" IntangiWe Persona! Pro;~er.y. Pursuant 7o Chapter 71, 134. Acts O: 19i 1. I ROGER POITRAS Gerk Circuit Court~ St. Lvcie. Co.. Fta. r~~ ~ TOGETHER W1TH all imp~ovements no~r or henafter located on said nat property aad all fixtuns, appiiu?oes, appuatus. equipment, fumishings, heatins and air conditioning oquipmeat, machin~ty and utides of penonai property and replacement Wereof (other thaa those ownod by ksxees of said rea! prope~ty) aow or hereaRer atCuced to. attached to, piaoed upoa, ot used in any way in oonnection with the comptete aad oomfortabk ~se, occupancy, or opecation of the said real property, all liceaus aud permits used or required in oonaection with the use of uid rcal property, all Ieases of said real property now or 6ereafter entered into and ap right, titk and inte[est of l~[ortaagor thereunder, including without limitation. ca~h or securities de,posited lherwnder purwant to said leue.s, aad all rents, issues, proceeds, and profits accruin6 fromsaid rcal ptoperty and to6etLer witA all procads of the rnaversioh, valuntary or involuntuy of any of the foregoiag into ash ot liqnidated daims, indud- ing without limiution, proaeda of insur~nce and oondemnation awuds (the foceaoing said rpl property, tangibk and inting~'bte Qeraoaal property hereinafter referred to rnllectively as the Mortgaged Property). ~lortgagor lxreby graau to Mortgagee a security intecest ia the foregoinE descn'bed tang~bk and iatang'bk penonal propcrty. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditaments and appurtenances thero- unto belongins or in aaywise appertaining ud the reversion and cerersioas thereof and all tLe estate, riaht, titk, interest, homestesd, dower and - right of dower, scparate estate, possessioa, claim and demand whatsoever. u weU in law u in oquity, of Moiigagor aad unto the same, and every put t6ereof, with the appuruaances o[ Mortgaaor in and to the same. aad every put ud pucel thereof unto Mortga6ee. i Mortgagor wazrants that Mortgagor has a good and marketable titk to an indefeu~bie fee estate ia tht rcal properly rnmpriting the Mort- , gaged Property subject to no lien, c6uEe or encumbranoe except such u Morigagee hu a~eod to accept in writing and Mortgagor covenants that this Mortga~e is and will remain a ralid and eaforceabk mortgage on the 11[ortgaged Propetty subject only to the exceptioas herein provided_ Mortgagor has full power ud lawful authority to mortsage We Mortgaged Properry in the manner and form herein done or inteaded hereafter to be doae. Mortga6or will preserve such titk and will forevet warnnt and defend the same to Mor~gagee and will forever wurwt and defend the validity and priority of t6e 6en hereof against We claims of all persoas and puties whomsoever. s Alongasor will, at the cost of MortgaEor. and without expense to Mortaagee, do. execute, acknowledge and deliver all and every such further t. acts, deods, conreyances. mort6ages, assignmenis, notica of ~ssignment, uaosfen u?d assuranoes u l~lortgaaee slull from time to time require in order to preserve the priority of the lien of this Moriga6e or to facilitate ihe pedormanae of the tecros henof. ~ PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the ind~tedaess in the priacipal sum of 9, 977 .2~ ~u evidenced by that certtin promissory note (the Note), of even date henwith, executed by Mortgagor and payabk to order of 1lorigagee, with interest and upon the terms u provided theiein, and together with all other sums advanoed by l~ortgaaee to or oa behalf of Mortgagor punuant to the Note or this Mortgagq the final maturity date of t6e Note and this Mortgage being J~uS~I 23, 1986 ~ pedorm all other oovenants and condilions of the Note, all of the temu of wbich Note ue iacorporated herein by reference u though set forth ~ fully herein, and of any renewal. exteasioa or moditication, thereof and of this Mortgaae, then this Mortgage and the estate hereby created shall cqse and teminate. ~ Mortgagor futther corsnants and agreas with Mortgagee as follows: ~ 1. To pay all sums, includinE intemt secured her~y when due. u provided for in the Nou ud aay nnewal, extension or modilication ! thereof and in t6is Mort6aae. all wch :ums to be payabk in lawful money of the Uaitod States of America at ~lortgagce's afozesaid principal ~ oft'ue, or at such other place as Mortaagee may designate in writiog. 2. To qy when doe, and without requirin6 any notioe from 11loY.gaga, all taxes, assessmeats of any type or nature and other chuges . kvied or assessed against the Mortaaaed Property or ttus Mortga~e and produa receipts therefor upon demaad. To immediately pay and dis- chuge any claim, lien or eacumbranoe aaainst t6e Mortgaaed Property which may be or become superior to this Moctgage ud to permit no default or ddinquency on any other lieq e~umbrance or charse aaainst the Morta~ed Propedy. 3. If roquirod by Yort~. to also make montlily depe~sits with 1[ortgaae,e, in a aon-inteiat bearina acmunt, together with and in addi- tion to interat ud principat. of a wm equal w onet~reltth of the yeuly taxes and auessmeat: which may be levied against the Mortaagod Prop- erty, aad (if so roquized) ono-tw~elfW of the yeuly Premiums [or inwranoe thereoa The amount of such taxet, aseumeats ud premiums, whea unknown, sball be estimated by Mort~a. Such deperats afull be wed by 1[ort~ee to pay wch tues. assessma~ts and pnmiums when dua Any insufFiciency of such scoounc to pay suc~ cturaes.~ea due s1W1 be paid by Yorr~or to Morraa~x on demand. If, by reason of wy defiult by Mort~gor uader any provision of this Nort~e. MoitaaEee declares aG sams sea~ed bereby to be due and payabk, Yortaaaee may thea apply ~ any funds iu said aocount again:t tLe entire iudebtedaas secured hei+eby. Tbe mforonbility of the covenants nlatina to taxes, aaeumeats and imuranoe pnmiums baein otl~wise provided ~al1 aot he aftected exceRt in:ofu as thwe obtigations wve been met by compliance with this ~ puagaph. Yortsa~ee may from time to time at its option waive. a~W atter any wcb ~rairer nimtate, my or all provisio~ hereof requiring such ~ dePosits. by ootioe to Yortaa~or in writios. Whik any wch waiv~er is in effect, Mortga~or :ball pay taxes. asasmeats and iasuraace Pnmiua~s as 6erein ebe+v6ete provided. . ~ - , c:J.~st :i; I vt. L::..:~.'1..:~~ , 'YY~~t~.~,PQ ~ ~~~5 R~. ~ o,~ - ~ - . . . . ~~o+c42~ Pa~ 929 N~~.>.c~. ~~1^;~_~; - . _ 112 SOUTH SECOND 5:;;; ; ; t ? . y.~.., _ '..r;G . - ~