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HomeMy WebLinkAbout0998 s • ~ _ - , ~ a~• o ~ ~ ' . 6?50528 vs is ~ / ; _ • MORTGAG~ OBED AIYD SBCURiTY AGREF.IblENT TX 3 , THLT MOR'PGAGE DEED (the Murtg,~g~e),datod ssot liarch 27, ,19 84 . by and betwan _ R NER C= ~1~~ 8 81n~~e 8dL~t ~ (herea~aftetcaliedMortga~Or)and _ SiIN BANK OF ST L.t1CIF GOti_N_TY_ , ~ - , havitfg al1 i ot'fioeat Fort Pierce, Florida ~p~{~~Ma~~~, WITNFSSETH. that in consi~ration of the premises and in order to secure the payment of both the principal of. and interest and any other sums payabk on the note (as heoeinafter defiued) or this Mortgage and tt~e performancc and rt~bservance of ali of the p+ovisions heroof and of said note. Mortgagor hercby grants. sells. warrants. conveys. assigns. .8ansfas, mattg~a~es and sets ovet and oonfirans unw Mortga~oe, all of Mortgagar's estate, right, title and interast in, w - o o a^~, andw~derallthstoerta'tnrcalproQertysituatein St Lucie ! Countl?, Florida, more ~rticularlY descn'bed as tollows: ~c+ o ,~j s E o a . - Q a~ N Lot 19~ Block 627~ PORT ST. LUCIE SECTION THIRTEEN, according to the Plat ~ a ther e of, r e co r d ed in Pl a t B o o k 1 3, P a g e s 4, 4 A t h r o u g h 4 M o f t h e P u b l i c ~ ~ R e c o r d s o f S t. L u c i e C o u n t y, F l o r i d a. ~ _ o ~ - ~ a .,i s- C ~ .t . ~ ,a`r ~ N 1 " t~° a TOGETHER WITH all improvements now or hereafter located on said ~al property and al! fixtunes. applian- - ? y ~ c~ oes, apparatus. oquipment, fumishings, heating and sir conditioniag equipment. machinery and acticles of personal 3 property and replacement thoreof (other than those owned by tessees of said real pr~operty).now or hereafter ~xod to, ' U ~ attachcd to, placed upon, or uscd in any way in connection with the compkte andootqfortabk use, occup~ncy, or opera- I'- y tion of the said real q+operty, all licenses and permits usod or roquined in connection with the us~ of said real pr~operty, ~ all kases of said real property now or hereafter entered into and all right, titk and iaterest of Mortgagor thereunder, in- ° 4 v cluding .~ithout limitation, cash or soccuities deposited thereundec pursuant to said leases. and all rents. isssues, prv- ceeds, and pmfits acc~uing from said ~eal p~operty and together with all procoeds of the conversion. voluntary or invo- luntary of any of the for~egoing into cash or liquid$ted claims, including without limitation, proccedc of insurance and ~ ~ condemnation awards (the foregoing said real propeRy, tangible and intangibk personal property hereinafter refemed to collectively as the Mortgaged Property). Mortgagor he~eby grants to Mortgagce a security interest in the foregaing de- ` scribed tangible and intangibk petsonal property. ~ ~ ~ TO HAVE AND TO HOLD the Matgaged Pruperty, together with all and singular the tenements, heredita- ~ ~ ments and a~urteaanoes thereunto belonging or in anywise appertaining and the revecsion and reversions thereof and - ~ all the estate, right. title, interest, homestead. dower anri right of dower. separate estate, possession, claim and demand whatsoever, as v?el1 in law as in ui Sag ry pa~t appuR _ ,.r.~ ~ oq ry, of Mort or and unto the same. and eve the~eof, with the enances ~ of Mortgagor in and to the same, and every part and parcel thereof unto Mortgagee. Mortgagor wartants that Mortgagor has a good and maricetable titk to an indefeasible fee estate in the real prop- erty comprising the Mortgaged Property subject to no lien, charge or encumbrance except such as Mortgagee has agreed ~ T to accept in writing and Mortgagor rnvenants that tt~is Mortgage is and will remain a valid and enforceable mortgage on s ~ the Mortgaged Property subject only to the exceptions herein provided. Mortgagor has full power and lawfui authority ~ to mortgage the Mortgaged Property in the manner and form herein done or intendod hereafter to be done. Mortgagor will preserve such title and will for~ever warrant and defend the same to Mortgagee and will for~ever warrant and defend ; the validiry and priority of the lien hereof against the claims of all persons and parties whomscever. . Mortgagor will. at the cost of Mortgagor. and without expense to Mortgagee, do, ezecute, acknowledge and de- Z liver all and every such furtt~er acts, deeds, coveyat~ces. mortgages, assignments. notices of assignment, transfers and urances as Mortgagee shall from time to time requine in order to preserve the priority of the lien of this Mortgage or to ` u: :facilitate the pedormance of the terms he~+eof. . PROVIDED, HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the principa! sum of . S 10, 317 . 23 as evidenood by that certain promissory note (the Note), of even date haewjth, or any renewal or replaoanent of such Note, exxuted by Mortgag~ and payabk w orda of Mortgagoe, with interest and upon the terms as pro- _ J-. ~ vided thcrein, and to~ether with all other sums advanood by Mortga~ae w or a~ behalf ot Matgagor pursuant to the Note a ~ Matg,ag,e, the fu~al matwity date of the Note and this Mortga~e as specifiod in the Note and shall perform all other ~venants and oonditiau of t~e Note, all of the temu of which Note are incaporated t~erein by rderence as though set forth ful- ` o~Y haein, and of any rerkwal, extcnsion or modification, thereof and of this Mortga~e, ttxn this Mortga~e and the estate t~ereby ~ : o~reatod shaU oea9e aad terminate. - a . ; W o Mortgagor further covenants and agr+ees with Mortgagee as follows: : U w - ~ ~ : W= 1. To pay all sums. including intenest secured hereby when due, as provided for in the Note and any reoewal, ~:_x ~ a~exsension or modification thereof and in this Mortgage, all such sums to be payable in lawful money of the United States ' o N of America at Mortgagee's aforesaid principal office. or at such other plaoe as Mortgagce may designate in writing. ` ~ ~ ~ 2. To pay when due, and without requiring any notice from Mortgagee, all taxes. assessments of any type or <i ~ ~ nature and other charges leviod or assessod against the Mcxtgagod Property or this Mortgage and pmduce r~eceipts there- for~e upon demand. To imrnediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property ~ which may be or become supecior w this Mortgage and to pennit ra ~fauit or delinquency on any otlfer lien, encum- ~ brance or charge against the Mortga8~ F'roP~~Y• - 3. If roquired by Mortgagee, to also make monthly deposits with Mortgagee, in a non-interest bearing ac- , count, together with and in addition to intercst and prirrcipal, of a sum equal w one-twelfth of the yearly taxes and as-. sessments which may be kvied against the Mortgagod Pr+opaty, and (if so required) one-twelfth of the yearly premiums . for insurance theroon. The amount of such taxes, assessments and prcmiums, when unknown. shall be estimated by ~ • Matgagoe. Such deposits shall be used by Matgagee to pay such iaxes, assessments and premium4 when due. Any in- sufficiency of such account to pay such charges when due shall be paid by Matgagor to Mortgagx on de~nand. If, by reason of any default by Mortgagor under any provision of this Mo~tgage, Mortgagee declac+es all sums secur~ed heaeby ~ to be due and payable, Mongagce may then apply any funds in said account against the entir+e indebtedness secured OR A'~Q ~p - +~o~as~ooo-, N e+e, BOOK `i~G.V PAGE 9c70 - _ . _ _ . . _ _ _ . ~ - ~ y ~ ,s~ . . . . . . . . . _ - ~ ~ _ .~tit` a~~r.,~':&.g x ~=aw .~`Oµ,--e~~.~z -~a ~ .z~..~&,~.~~ ~ .