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Home My WebLink About0984 i .~`:~„~4 ' ~OaK7i`r~ . I Southeast Banks . ~ , . , - ~ MORTGAGE 'j s4 THIS MORTGAGE. execuced chis,-1~ dsy of 19 at FlOrlC~d by W. W. ARNOi.D and .[1NTrF. ANU ARi~X~l.1)~ hi s~ri fe_~_ ~ ~ of the first pan, hereinatter catled the Mortgagor. which term ss used herein in every instance shall include the Mortgagor's hein. exe~utors. administrators. successon. legat representatives snd assiyns, including all subssqus~t grantses. either voluntsry by ect o( the pan~ea or involuntary by operation oi law, ard snal~ denote the sinpular artd/or plural, and ths masculine and/or teminine. and natursl and/or anificial persons, whenever and wharever the context so re- quires or admits, toSoutheast BANK~ N.A. i FORT PIERCE DOWN'I`OfVN BANKING CENTER~ a banking association, o( the second part, hereinaher called the Mongagee. which term as used herein in evary instance shall include the Mortgagee's successors. legal rapresentatives and assigns. including all subsequen! assignees, either voiuntary by act of the parties or involuntary by operation o( law. W I T N E S S E T H: THAT for divers good and valuable considerations. and also to secure the payment of the aggregate sum ot money named in the promissory note of ~ven date herewith, hereinnfter mentioned. togethar with interest thereon, end all other sums of money secured hereby as hereinafter pro~~ded. the lVortgagor does grant, bargain. sell, alien. remise, release. convey and confirm unto the Mortgagee. in fee simple. iAI the foltowing land: Commencing at the Northeast Corner of the West half of Tract 119, Garden City Farms Subdivision, in the Southwest quarter of the Southwest quarter of Section 5, Township 35 South, Range 40 East, as per plat thereof recorded in Plat Book 2, Page 5, of the public records of St. Lucie County, Florida; run South parallel to ~he East right of way line of North 39th Street 300.00 feet; thence South 89°46'00" West along the North right of way line of Avenue "F" 104.00 feet to the ~point of beg o ing;~~thence continuing along the North ric~ht~of~way line of Avenue F South 89 46 00 West 177.50 feet; thence North 43 09 47 West 27.04 feet; thence North along the East right of way line of North 39th Street 149.10 feet; ~ thence North 89°46'00" East 196.00 feet; thence South 168.90 feet t~ the point of beginning. THIS IS A SECOND MORTGAGE subject to that mortgage dated June 9, 1975, recorded " in O. R. Book 247, Page 2641, as corrected by mortgage dated February 26, 1976, recorcie~ in O. R. Book 249, Page 1373, both recorded in the public records of St. Lucie County, Florida. i8) All buildings, structures. and improvements oi every natura whatsoever rtow or hereafter situated on the said property. and all furniture. furnishings. +~tures. machinery. equipment. inventory and materials on site. and persona! property of every nature whatscever now or hereafter owned by the Mort- ; gagor and located in. on. or used or intended to be used in connection wiih or wrth the operaUO~ of sa~d property. bwldings. structures or other improve- ~ ments. mcludmg alt extensions. add~tions. improvements, betterments. renewats and replacements to any o! the foregomg: and all of the nght, t~tle and ^.;?rest of the Mortg3gor m any such personal property or fixtures subject to a conditional sales contract. chattel mongage or simdar hen or cla~m together •,:~th the benefii of any deposits or payments now or hereaher made by the mortgagor or on its behali ~ Together with all and singular the tenements, hereditaments. easem~nts and appurtenances thereunto belonging, or in any wise apF+ertaining, and the ~ rer~ts, issues. and profits thereof, and also all the estate. right, title. interest and ell claims and demands whatsoever, as well in law as in equity, of said ! 4"ortgagor in and to the same, and every pert and parcel thereof, and also specifically but not by way of iimitation all gas and electric fixtures. radiators, j neaters, water pumps, air conditioning equipment. machinery, boilers, rartges. elevators and motors, bath tubs, sinks, water closets. water basins, pipes. ' faucets, and other plumbing and heating fixtures. mantels. refrigereting plants and ice boxes. window screens. screen doors, venetian blinds, cornices. storm shutters and awnings. which are now or may hareafter pertain to or be used with, in or on said premises, even though they be detached or detachable, are and sr+ail be deemed to be fixtures a~d accessaries to the ireehold and a part of the realry. 'r TO HAVE AND TO HOLD the same. together with the tenements, hereditaments and appurtenances the~eunio belonging. and ihe rents. issues and ~ ;,~cf~ts thereof, unto the said Mortgagee. The said Mortgagor hereby covenants with the said Mortgagee that the seid MoRgagor is indefeasibly seized with the absolute and fee simple title to ~ :~:d property, and has full power and lawful authority to sell, convey, transter and mortgage the same: that it shall be lawful at any time hereafter for the s "~!ortgages to peaceably and quietly enter upon, have, hold and enjoy said property, and every part thereof: that sa+d property is free and discharged from all ~ :ens. encumbrances and claims of any kind, including taxes and assessments, except those that may be set ou*_ above or hereinaher: that the Mortgagor will make at iNortgagor's expense and at no expense to Mortgagee such other and funher assurances to perfect the tee simple title to said land, fixtures and per- ~ sonal property in the Mortgagee as may hereaher be required: and that the Mortgagor hereby fully warrants unto the Mortgages the title to said property and ~ v.~11 defend the same against the lawf4l claims and demands of ell persons whomsoever. > ~ NOW. THEREFORE. the canditions oi this mortgage are such that if the Mortgagor shall well and truly pay unto the Morigagee the r:debtedness evidenced by that certain promisaory note ot even date herewith, made by the Mortgagor and payable to the Mortgagee m the = Fifty One Thousand Three Hundred Forty Six and 22/100 s51,346.22----------- ~thet~~at ~ ;,~nncipal sum of t ~ July 1, 1989 { e~yment of which is due on . together with any note or notes hereafter executed by the Mortgagor ~ereinby and in accordance with paragraph sixteen of this mort$age as herainafter set ~orth and secured by the lien of this mortgage, together with ~nterest as rherem stated. and shall perform, comply with and abide by each and every the stipulations. agraements, conditions and covenants conta~ned and set forth ~n th~s mortgage and in the promissory nota secured hereby. then thia mortgage and the estate hereby created shall cease and be null and void AND, the Mortgegor does hereby covenant and egree: t. To perform, comply with and abide by each and every the stipuletions, agreemants, conditions and covenants contained and set forth ~n sa~d c~romissory note or notes. this mortgage and. if appficable, the [oan agreement between the Mortgagee and Mortgagor. 2. To pay the indebtedness seCUred by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or _ or any renewal thereof, promptly on the day or days the same severally become due. 5 3. To pay, betore becoming delinquent, all obligstions. encumbrances. taxes, assessments, paving. sidewalk, sanitary and other assessments, lev~es ~ .;r Iiens. now oc hereaher levied or imposed upon or egainst the mortgaged property, and to exhlbit to the Mortgagee before such taxes. assessments. ; ~:ens and encumbrances become delinquent the o~ciat receipts for paymert thsreof, and it the same or any part thereof be not paid before becommg dehnquent the Mortgagee may et any time pay the same with eccrued interest a~d charges, rf any. without waivinq or affecting Mortgagee's option to !oreclose this mortgage. or any right heraunder, and every payment so made shall bear interest frorr~ the date thereof at the highest rete authorized by faw and all such payments with interest shall be secured by the hen hereof. ; s-r,nrc-i~cili~s~ n+oeasaois ~ -:sis ~r:--z•. • , 9~4 Y_ : 45~ ~ ~ Jr . ~ _ . F.C. : t. . s., ~ - - - - - ,-~:~yr~~ '"e'~a" i:~".~."~c'- ~ " ~ v . _ . . . e