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S`I'EPfILN NAVIIRE`1'TA
' WAI'i~,ER, FOX & SL:EL~:Y, P.A. fSL~U 111 YAYMt11i IAMtD
10~~ SOUttl Federal ~~1C~}lWc~l~1 {A`.S
,C 1NiA"l(i1H! ~~4Rt.t hJf fM„LR11.
Stuart, Florida 33495 t~~, 1'4 t~
~ux:~t~+~+
GliIf.U11 tyNlRl, ~l. LIlG1~ Cav r(J~
' ~o~~ Mortgoge and Security Agreement ~
V ~7
This Morigage is made ih~s day ot _ by and between Zed COast
_ Corporation, R~~rt L. Schc~.~? r anc3 hi a Sc~hwp; T r
("Mortgagor"), and Barnett Bank ol _ St. LuCie CountY
(~'Mortgagce ~1
ihe address of wh~ch ;s _ 9d0 Prima VlStc3 BlVd. , POrt St. LuCie
Witnesaeth:
WHEREAS. Mortgayor ~s indebted to Mortgayee in the principat sum of ~R FIUj`IDRID THOUSAND and___
NO/100 together w~th interest Ihereon, as evidenced by that certa~n promissory note o! even date
here~.vith, executed by Mortgagor and deiivered to Mortgagee. the fmal paym~nt o! ~.vhich is due on or before the___
day of _ Dece~nber 2001 _ _
(the "Note' ) wh~ch by referer.ce ~s made a part hereof to the same extent as though set uut in fuli herem
NOW. THEREFORE to secure the pertormance by MoRgagor of all covenants and conditions m the Note ar~d ~n rh~s
Mortgage and in all other instruments securing the Note and in order to charge the properties. ~nterests and rights here~nafter
described with such payment and performancs and lo secure additional advances. renewais and extensions thereof and tor
and ~n considerat~on ot the sum of Ten and no/ 100 Dol!ars (St 0 00) M~rtgagor does hereby mortgage. sell. pledge and ass!gn
to hROrtgagee
The Mortgaged Property -
(A~ All oi the land ~n the county of St. LuciP, Floricla descr+beJ belot~..
- SE~ F~thi hi t- at.t~!`l~
to have and to hoid the same. toyethei wi?h ail the ~mprovements noti:~ or hereafler erecled un such property and ail f~xtures no;: .
or hereafter attached thereto, together vnth eaCh and every tener,ents hered~taments. easements. rights. po,vers. pr!•~~~eges.
immurnties and appurtenances thereunto belong~ng or ~n any~+•~se appertaming and the reveision and reversion;. rerna~nd~:r
and remainders. and also all the estate. nght t~Ue ~nterest hom~stead. rioM of dower. separate estate. property. possesswr
~ and claim whatsoever in law as well as ~n equity of Nortgago~ oL m and to the same ~n every parl and par,:et the~eof un;o
Mor!gagee in fee simple
i B~ Toqelher wrth a secunty Enteres! ~n sll perscnat property and t~xtures ait~xed to or located on the propc'riy dE'SC'ib~d !n
parayraph A
IC> Together av~th all rents. ~ssues. profits. revenue ~nr~me and ~~!he~ ben~!~ts fram the property descnbed ~n paray!aph iA ~
hereaf to be apphed to the indebtedness secureC hereby prov~ded hotiti~ever. !hat permission is hereby y~ven to P.4ortr~:~g~~r so
long as no default has occurred hereunder. to collecl. rece~ve and use such benehts lrom the property as they bV=come du:~
and ~ayabte. but not m advance thereo}
!DI Everyth~ng referred to in paragraphs IA) tBi and fC! herec~f and any add~t~onal property h~reafrer acqu~~eC b,
Mortgagor and sub~ect to the I~en o( th~s Mortgage or any part of these propert~es ~s herE~n referred to a~ ?he h^o~tgaged
Property "
PROVIDED A~WAYS that if hlortgagor sha(I pay to ~~tortgagee the Note at the t~mes anU m!he mann~~r st~pulated therem
and ~n all other ~nstruments secur~ny the Note ~ncludmy rer,e~r.~als extension or rnod~ficat~on thereof and ~n th~; ",dur!gage a~d
in ail other mstr~ments secunng the Note. to be kept. performed or observed by Mortgagor. then this P,~ortgage sna~~ cea;e ~~d
be void. but shall otherwise rerr~ain m full brce and effect
Mortgagor covenants and agrer>s tiv~th Mortgagee as tol!o~:~s
t. Compliance with Note and Mortgage; Warranty of Title. "~'.artyagor sha'! comp!y v:~th ail pro•: ~s~on~ o` the N~~e.
th~s Mortgage and af every other ~nsVument securng the Note. and will prcmptly pay to Mortgagc~e ihe ~:nnc~pa' ~th +r,terest
thereon and al! other sums requ+ren to be pa~d by Mortgagor un~er the ^Jote and pursuant to the prrn: ~s~ons o? tn:s P•i;or?ua~;~~~
and of every other instrument secunng the Nole Mortgagor covenants that Mortgagor ov;ns a~d ~s ~nde`ea~~biy sF.:~~zed c~
Mortgaged Property in fee s~mple. that the Mortgayed Property ~s free !r~m aii encumbrances except as noted ~n the'caa'
description above. that ~Aortgagor has Ia~vful author~ty to cornley rr~ortgage and encumber the same as prov~ded hy r.n<;
~ Mortgage that Mortgagee may peaceabiy and qu~etly enioy ihe Mortgaged Property. and that Mortgagcr v: ll de'enc~ ;r:~
Mortgaged Property against the ciaims o! all persons v:homsoever. and that ~,Aortgagor so vrarrants
, 2 Payment of Taxes and Liens. Mo~tgagor sha!I ~;ay ali the taxes assessments iev~es. I~abir;t~es ab,~ga?~ons and
encumbrances of every nature now on the Mortgaged Prope+ty er that he~eatter may be ~mposed lewed or assessed ~:F,on tn~;
Mortgage or the Mortgaged Property or upon the mdebtedness secured hereby All such payments to be made v. he~ due ann
payable according to ta~v bebre they become del~nquent and before any interest attaches or any penalty ;s ~ncurred lnso'ar as
any indebted~ess ~s of record ihe same shai! b~ promptty sat~s!iecf and ev~dence ot such sat~sfact~on shai! be q~ve~ ±u
Mo~tgayee ~
3 Insurance. F~tortgagor shall keep the ~ylortgaged Property and the ~mprovements novr exi~hng or hereafter erecteo on,
Prena~s ed~~r_+ cf Feo N4 r*ay Le ~~~s?4 05569t Pa: 3i ! ib~?~
$~0525 P~6E0974