HomeMy WebLinkAbout0944 l
I~
f-t)f2 1i0!~tE E(~Uily C?tt l)!!t irlE~, ~t,~~`~l
J VV
i~ ' Mortgage and Security Agreement
Th~s Mertc~age ~s macte tt~~s _12th_---- day o! De_~eLn~er,..~4$~j------- t~; and bettveen
BRIAN :1LLEN_ and _ KATHY ALLEh, his_ wi f e Z_ _
~ Mo,~qaqo~ and Barnett Bank of .__St, Lucie__County_- _ _ ( h4ortgagee ~
!r~e a~id~ess ot ~vh~cr~ ,s _.900 East Prima Vista Blvd. , Port St. Lucie, FL 33452
Witnesseth:
WfiEREAS, Mo;?gagor ancl ~.Qor?gayee Fiave err.ered ,nto ar ayreement whereby ~vtor!yagor may bor~ow irom Mortyagee
an undeterm~neU sum not to exceed the max:n;um pnnapa! sum of***TEN THOUSAND & 00 100**~___i__
together tivith ~nterest ihe!eon, a1! as ev~denCed by ihe C~ed~?L~ne Agreement
(the Agreement"j of even date i~ere~,tiith. executed b;~ Mortoayor and dehverea to Mortyagee, whereunder the outstand;ng
aclvanced pr:nc~pal may fluctuate up ard do~r~n trom time ro t~me. and all sums advanced under the Agreem~nt or otherw~se
o::ed under the Agreement perta~n!ng there!o shall be secured hereby, and no not~ce of any advance need be recorded to
ev~dence such advance The Agreement by reterence ~s made a part ti°reof to ~he same extent as tt~ough set ou! in f~~lt here~n.
NOW. THEREFORE to secure the performar.ce by Mortyagor of afi cove~~ants and cond~bons ~n the Agreement and ~n th~s
Mortyage and ~n aif other ~nstruments secunng the Agreemen,. ~nd in order io charge the propert~es, inie~ests and nghts
here~natr,er descnbed w~th su~h payment and performance and to secu!e add~t~o~a! advances. renawals and extens~ons ihereof
ancl lor and ~n cons~der8tion of [he sum of Ten and no'100 Oo!lars (~10.00). Mortgagor does hereby mortgage. sett, pledye
a~~d ass~gn Eo Mortgagee
The Mortgaged Property
(A) A~! o` t~~:e ianri ~n ?ne co:_,nt~,~ cf --_--------~~~1.uCl~------------------ Cescnhed he;ow
I;Qt _4~_,_ ~lo~l~_~ ~IyER _ PARK UNIT _FOUR accordin~ to _the Plat__ t}~ereof, recorded
in Plat Book 11, page 9 of the Public Records of St. Lucie County, Florida.
,o have and ±o no!d ttie same, together ~v~th a!~ !he ~mprovements now or hereafter erected on such property and ali fixtures
no:~r er hereafter attached thereto. together v:,th each and ev~~ry tenemen,s ilered~taments easements. nghts. povrers. pnv~leges
~nmun hes ar:d appurtenar~ces ther~untc be'ong~ng or ~n anyw~se apaer?a:rrng and the revers~on and revers~ons. rema~nder
and r~ma~nders and a!sc al! the estate nght t'le. n+,eres', r,ome~tead. r,gh~ c' da::er separa±e Estat~:. property. possesson
ar~d c~a~.m ;rharsoever ;n lar: as ~.:etl as ~n equ,ty c! hlo~tgayo! o' :n and 'o the same ~n ever}~ part and parCe! thereo! un;o
FAortgagee ~n tee s~mp!e
(Sj Tocte,t,er vl~ih a seCUrR~ ~nteres' :n a!! f:x[ures a`f~xed to and person~l propert~, exCluding hOUSehol~ goC(]s :vh Ch are
not purchas~d ~;r~th ,~1e preceeds o! ?he Aqreement loca?ec~ en tne prnparty descni~ed ~n paragraph (A)
fC) Toget~~er :wm ail rents_ ~ssue~ pr~f~ts. revenue ~~come and other benef~ts from the property descr~~ed ~n parayraph
iA) hereo} to be app~!ed to the ~ndeb?edness secured herebv. prov!ded hov:ever ?hat F;erm~s~!on ~s hereby gr~en to ~~tortyagor
sn lony as no default has xcurred here~.~^der. to co!lect rece~~ve_ and use such benef~,s 1rom the property as they become
d.:e and pa;ab!e. but no? ~n advance thereof
IDj EvCfj/tr`i(1(~ ret~ff@C1 t0 '~~n p3f8C!a~)hS (A). (8) c'3nd (C,') r'~erQOf end 3~'~f 2C:C1~'iOn3I prOpefty f?@(ee}'Ql BCqut!ed r1y
F~'o^ ,ago~ a~d sub;ec? f0 ?f'.E.' i'e!l of th~s ~~tartgage or an~ ~art ot ?hese propeK.es ~s here n reterred !o as the "MoRgayed Property
PRGVIDED AL~^JAYS. !h_ar rf D~tortc~ayor sha(I pay to P~"orr,gayee t%ie Ayreement a! !he t~mes and m the mannei shpu~ated
" ,nf:re~n, and :n ai! o!ner ~nst!uments secur~ng ?ne Ayreement mcluU~ny rene~r~als. ertension or med~f;cation thereo!. and in
;~~:s P~A,~~tgage and u~ a~; oiher ~ns?rumen?s secunng the Agreement. !o be kept, performed or observed by Mortgagc*. then
~t~~ s~~tortgage. snall cease and be vo~d. but shail otherw~se rema~n m(ull force and effect
PAortqac~or covenants and agrees w~th Mortgagee as to!iows
~ Com liance with A reement and Mort a e; Warrant of Title. Martcac or sha~t com I w~tn a~i ~rov~s~or,s o` tt,e ~
P 9 9 9 Y , 7 P Y c,
t~~~reen~:en?. SF~~~~s t~lor?yage and o~ every o?her ~ns?rument sec~r~ng the Agreemeni. ano ~•nll promp~!y pay ?o €~1oftgayee the
;,r~,nc~~~p_a! ;r.t`~ ~n?eres? thereon ar,cf al! o~he~ s:rms requ~~reci to be pa:d ;~y Mortgagor under !he Agreement end pursuanr. to
''~e p~~~~r~~~o~~~s o° ~t~,~.~ Morigaqe and o` every o,h~r ~ns?ru^?er~t securny the Agreement Mortgagor eovenants'.~~at FAo~tgago~
,,;;r~s ~nci ~s ~nde`eas~t~~y se~recf o` ihe ~~~ortqayed Pret~erty m tee s~mple. Ihat the t~iortqaged Prope~ty ~s !~ee from a!: -
"~U~~'!i'~^CBS ~'~C°~' 3S rG':f3~t ~fn JfIE? 18C~8~ G@$C(~/i1~0!1 8f~0'!C 1f?a( MOfTC~c'3C~0( h8S ~2'.'~fUl 8U!t10f1?y (v^ CO(1V@'~I ~T10~t~8CJE.' r7^~J
e~,cumt;e~ tr~~ saro~ ~s pro•~~,cied b~~ ?t~e Mortgacje that F,lortyagee may peaceabiy and qu~etly en~oy the Mortgaged Proper'y
~~^d +h~? b.qpr!r~ ;~~pr ;;~II r1e'e^rf ?he i.4prtCJ3qCd PrOperly ~g~~ns! th~ Cl~~ms C` d~l p~rSOnS ~.vhomsoeve~. and ?hat ~~tortgago.'
~r.a~ran?s
NO DOCUMENTARY STAMP TAX IS DUE AND PAYABLE HEREON SiNCE THE AGREEMENT SECURED ~
HEREBY IS NOT A PROMISE TO PAY A SUM CERTAIN. RULE 12B-4.52{6), F.A.C.
~x0525 p~6~09~4