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Home My WebLink About0991 ~ ~ ~ ~~~~~t.~. ~ ~ ' Afiortgaga end Sscurity Agreement This Mortgage is made lhis 19th day oi NnvPmbPT_~a$~ by artd between E. _ R:Lckey~ece and ReQina~ Reece • s ("Mortgagor"), and Bsmeli Bsr+k at _ rfar r in Countv , N. A. ("Mortgagee"), the address of which is 1010 N4d Federal Hwy. , Stuart, Fl 33494 YVltnssseth: ~ ~ i ~ WHEREAS, Mortgagor is indebted to Mortgagee in the principai sum ot six ho isand, Geven h~~red and i ~ thirt,y eighC ....45/O~g~~her with interest Ihereon, as evidenced by ihat certain promissory note ot even date z ~ ~ herewith, executed by MoRc~agor and delivered to Mortgagee, ihe final payment of which is due on or before the 1 q~h E. 1990 day of November,~the "Note"), which by reterence is made a part hereof to the same extent as thouyh set out in tutl ~ ~ herein; ' NOW, THEREFORE to secure the periormance by Mortgagor of all covenants and conditions in the Note and in this # Mortgage and in all oiher instrumsnts securing the Note. and in order to charge the properiies, interests and rights hereinafter ~ described with such payment and performance and to secure additionat advances, renewals and extensions thereoi and 1or ~ and in consideration ot the sum of Ten ar~d no/ 100 Do!lars ($10.00), Mortgagor does hereby mortgage, seli, ptedge and assign to Mortgagee: ~ s' The Mortgeged Froperty ~ ; (Aj All ot the land +n the county of _ I•>>cie , described below: ;f Lot 37, Block 1116, Port St. Lucie Section 9, according to the plat thereof, ( j as recorded in Plat Book 12, page 39, of the phblic records of St. Lucie County ~ 3 to have and to hold the same, togethe: with a[! the improvemenls now or hereafter erected on suct~ property and a!I tixtures no~v or hereafter atlached thereto, together with each and every tenements, hereditaments, e~sements, rights, powers, privileges, immunities and appurtenances thereunlo belonging or in anywise appertaining and ihe reversion and reversions, remainder and remainders, and also all the estate, right, title, interest, homestead, right of dower, separate estate, property, possession f A and claim whatsaever in law as well as in equiry oi Mortgagor of, in and to the same in every pari and parc2t thereof unto ~ ~ ~AoRgagee in fee simple. ~ (B) Together with a security interc~t in all personal property and fixtures afiixed to or located on the property descrit~d in ~ ~ paragraph A. ~ (C) Togelhsr witF? atl rents, issues, profits, revenue, income andother benef+ts trom theproperty described in paragraph (A) hereoi to be applied to the indebtednass secured hereby, provided however, that permission is hereby given to Mortgagor so tong as no delault has occurred hereunder, to collect, receive, and use such benefits irom the properiy as ihey become due = and payable, but not in advance thereof. ~ (D) Everything referred to in paragraphs (A). (B) and (C) hereof and any additionat property hereafter acquired by Mortgagor and subject to the lien of this Mortgage or any part of these properties is herein retsrred to as the "Mortgaged ~ ~ Property." E PROVIDED ALWAYS. that if Morigagor shatl pay to Mortgagee the Naie at the tirnes and in the manner stipulated therein, ; and in ati other mstruments securing the Note, inc~uding renewals, extension or modification thereoi, and in this Mortgage and ~ in a!I other instruments securing the Note, to be kept, performed or observEd by Mortgagor, the~ this Mortgage, shall cease and be void, but shall otherwise remain in full torce and effect. > ~ ~ Mortgagor covenants and agrees with Mortgagee as follov~~s: . E~- 1. Compll~ncQ wlth Note and 141ort~~g~ Warranty of Tltle. Mwtgagor ,hall comply w~th all provisions of the Note. this Mortgage and of every other instrument securing the Note, and wi!1 prompily pay to Morigagee ihe principat wifh interest ~ thereon and all other sums required to be paid by Mortgagor under ihe Note and pursuant to the provisians of th+s Mortgage and o( every other instrument securing the fVote. Morigagor covenants that Mortgagor owns and is indefeasibly seized of the ~ f~tortgaged Prope~ty in tee simple, lhat ihe Mortgeged Property is lree from all encumbrances except as noted in the legal ~ • description above, that Mortgagor has lawiul authority to convey, mortgage and encumber the seme as provided by the ~ Mortgage. that Mortgagee may peaceably and quietly enjoy the Mortpaged Property, and ihat Morigagor will defend the ~ Morlgaged Property against the claims of all persons whomsoever, and that Mortgagor so warrants. 2. Payment of Taxes and Liens. Mortgagor shall pay all the taxes, assessments, tevies, tiabilities, obligatans and encu mbrances of every nature now on the Mortgaged Property or that hereafter may be imposed, levied or assessed upon this Mortgage or the Mortgaged Property or upon the indebtedness secured he?eby. All such payments to be madewhen due and f payabte according to lativ before they become delinquent and before any interest atlaches or any penalry is incurred. (nsofar as ~ any indebtedness is of record the same shall be promptly satisfied and 2vidence of such salisfaction sha!I be c~iven to ~ Mortgagee. • j 3. Insuranc~. Mortgagor shatl keep the Morigaged Property and the improvements now ex~sting or hereafter erectedon ~ 055891 Eiev Feb 84 (to0?~ s 8~0522 P~6~0988 ;