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Home My WebLink About0983 'IHIS IIZSTRL~'~.NT PREPARED BY : ~ ~ ~ ' ~~RVIN & C~ARY , ~,;,3~~~ 3727 S. E. Oce~? Blvd. , Suite 101 Stuart, Florida 33494 MORTGAGE DEED . A.D., 1 b 'I'HIS r10R'I'GAGF., eYerutecl this .17 th ciery or . September 4 y FRANK WILLIAMS and ALLEN PAUL DUNNE, as tenants in common, hereineitfer called the ?~tortgagor, w~hich term shull include yingul:~r or plur.~l, cY~rF~or+tion ur individuc~l, and either sex, ,~nd shnil include the heirs, legul repre3entatives, successors aind .tssigns of the I1lortg~~gor, to AMERICAN I3ANK OF 1~1ARTIN COUNTY, p a S4~te banking corFwration org<inized xnd ezisting under the laws ot Florid:~ with its princi~~al place of business in ;1lartin County, Florid:~, hereinafter callecl the Alortgugee, which term shall inclu.~e the successors and assigns of the ~ ~~id A'Iortgagee. ~VITNESSETH THAT, ~ti'NEREAS, the Atortg~~Ror has rc~•eived loa~n from the :1lortga~ee ~~nd ~s justly indebteci to the rtortg~gee, which iiulebtedness is hereby acknowledged t?nd is evidenced by ai certain promisaory note, 1 copy ot which has been marked "Exhibit A" and attached hereto and the provisions of s~~id note are by reference m~?de a part of ;his instrument. NOW TH1S ~lORTGAGE WITI~'ESSETH, that the said MortR~i~or for the better securing of the several sums of money menlioned in the said note does herehy grant, b~irgain, sell, alien, remise, release, convey and cronfirm unto the said Mortgagee, in fee simple forever, the followin~ desc•ribeci i.~nd, of w~hich said hiortgugor is now seiaed and possessed and in actual possession situate, lying and being in. St.. . LuC.le _._..._.Lounty, State of Florida, and more particularly described as f~llows: Lot 36, Block 1100, PORT ST. LUCIE, Section 8, according to _ the Plat thereof, recorded in the Office of the Clerk of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 12, page 38A, Public Records. GCU f~,- ~~.,a q ,~~J•~~ ' 7-, .^5 C.: : • ~ y, _ r~ ~-1- . ~ - _ _ . . . i. i i i TOGETHF.R IVITH ali and singular the tenements, heridi?.amenfs and appurtenances thereunto belonging or in ~ ary wise a~pertaining and all structures and improvements now and hereafter on said land and all fixtures attached ; thereto, together with all rents, issues and profits accruing from ~id premises and all gas, steam, electric, water, plumb- ~ ing, lighting, ventilating, heating and cooling systems, which now are or m~y be in or on said premises though they ~ be detached or detachable, including but not limited to all refrigerators, stoves, ovens, appliances and carpets and all ~ additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachment_a and parts thereof, and any additions, extensions or betterments af, in or to the buildis~gs now~ or hereafter erected on t the said premises. I ~ ; TO HAVE AND TO HULD the above granted premises, with the appurtenances unto the said hiortgagee, in fee ~ simple forever. e ~ AND the said ~tortgagor hereby coven~nts and agrees with the s:~id 111ortgagee as follows: ~ ~ 1. That the ?~lortgagor is la~wfully seized of the above described premises in tee simple and has good right to sell and ~ convey the same to the i4lortgagee; that the said premises are free and discharged of and from all taxes, tax titles or ~ certificates, judgments, mechanics' liens and encumbrances of any nature or kind whatsoever and that the Atortgagor ~ will fully warrant and defend the same to the Mortga~ee, against the lawful claims and demands of all persons whom- ~ soever, and will make such further assurances to perfect fee simple title to said land, in the blortgagee, ~s may reason- ~ ably be required, and w~ill pay the several sums of money agreecl in the said note to be paid and all installments of prin- cipal and interest thereon promptly w•hen due, and according to the true tenor and efiect of the said note. ~ ~ 2. That the i~tortgagor will pay all and singular the G~xes, as$essments, levies, and encumbrances of every nature on ~ the above descri~ed property, and upon this mortgage and note, or the money secure:i thereby, before delinquency thereof - and receipts evidencing payment of said t~~xes, assessments, levies and encumbrances shalt be deposited with the hiort- gagee on or before ltarch Ist of each succeeding year during the term of this mortgage: and if same be not promptly paid when due, the l~tortgagee may (without obligation to do so) pay the same, or become purchaser of any law•fu: evi- dence thereof, or certificate therefor, without w•aiving or aHecting any right hereunder and in this mortgage, or the said note which this mortgage secures; and such payments or expenc!itures so made shal_l bear interest from the date thereof at the highest legal rate. 3. That the ~'iortgagor will keep all real and personal property now or hereafter encumbered by the tien of this - mortgage insured as may be required from time to time by the ;~lortgagee against loss by fire, w~indstorm and other hazards, C39U31~IQS and contingencias for su~h periods and fur not less than such amounts as may be required by the ` ;1lortgagee and to pay promptly when due all premiums for such insurance. The amounts of surh insurance required by r.` the hiortgagee are ezpressive of only the minimum amounts tor which said insurance shall be w•ritten and it shall be ~ incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with fr all co-insurance requirements contained in said policies to the end that said Mortgagor is not a co-insuror thereunder. Insurance shall be written hy a rompany or compan;ea approved by the Mortgagee snd a? policies and renew•ala thereof shall be held by the 111ortgagee. Al! detailed designations by the :~iortgagor which are accepted by the Mortgagee and (i!~O~ ~~'J 1'~v~ ~`J~ _ _ . _ , a_