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O~E 011 CIASi'C' ~TAIii1P.! 'i 'T+?!W P~OIYfIy~
~'OR HOME EQUITY CREDiTLINES PIM~~ ~ rMIfE~ ~1'~3~, M%~S Of 111/1~ ~
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Mort a s and Securit roement ~
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This Mortgage is made ihis 31st day ot _ December~ 1986 by and between
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RALPH CAIN III and BFTTY c'ATN. hi w.ai fp ~U
("Mortgagor"), and Bamett Bank of ST. LUCIE COUNTY ("Mortgagee").
the address oi which is 900 Ea~t Prima Vista Blvd. , Port St. Lucie, FL 3~452
Wftnesseth:
WHEREAS, Mortgagor and Mortgagee have entered into an agreement whereby Mortgagor may borrow from Martgagee
an undetermined sum not to exceed the maxir?~urrt principal sum of ***FIFTY T OUSANn ~Nn OOj100***
together with interest lhereon, all as evidenced by the CreditLine Agreement
(the "Agreement") ot even date herewith, executed by Mortgagor and delivered to Mortgagee, whereunder the outstanding
advanced principal may fluctuate up anti dawn from time to time, and all sums advanced under the Agreement or otherwise
owed under the Agreement pertaining thereto shall be secured hereby, and no notice of any advance need be recorded to
Qvidence such advance. The Agreement by reterence is made a part hereof to tf~e same extent as though set out in tull herein;
NOW, THEREFORE to secure the pertormance by Mortgagor of all covenants and conditions in the Agreement and in this
Mortgage and in a!! other instruments securing the Agreement, and in order to charge the properties, interests and rights
hereinaNer described wiih such payment and performance and to secure additional advances, renewals and extensions thereoi
and (or and in consideration ot the sum ot Ten and nN100 Dollars ($10.00), Mortgagor does hereby mortgage, sell, pledge
and assign to Mortgagee:
Yhe Mongaged Pr+operty
(A) All of the land in the county of St. Lucie , described below:
Lot 3, Block D of HIDDEN ACRES, according to the Flat thereof a~ rprnr~P~ ~ j
Plat Book 17, pa~e 6, of the public records of St ~~t P o tnr~, Fl ~ri ~ia
to have and to hold the same, together ~nnth all the improveme~ts now or hereafter erected on such property and all fixtures
now or hereafter attached thereto, together with each and ev~ery tenements, hereditaments, easements, rights, pow~ers, privileges,
immunities and appurtenan,,es thereunto belonging or in anywise appertaining and the reversion and reversions, ?ema;nder
and rerr?ainders, and also al! ihe estate, right, title, interest, homestead, right of dower, separate estate, property, possession
and claim whatsoever in law as well as in equity of Mortgagor of, in and to the same in every part and parcel thereof unto
Mortgagee in fee simple.
(B) Together with a security interest in a!I iixtures afiixed to and personal property, excluding household goods which are
not purchased with the proceeds ot the Agreement, located on the property described in paragraph (A).
(C) Together with all rents, issues, profits, revenue, income and other benefits from the property described in paragraph
(A} hereot to be applieci to the indebtedness secured he~eby, provided hawever, that permission is hereby given to Mortgagor
se long as no default has occurred hereunder, to callect, receive, and use such benefits f~om the property as they become
due and payable, twt nat in advance thereof.
(D) Everything referred to in paragraphs (A), (B) and (C) hereof and any additional property hereafter acquired by
Mortgagor and subject ro the lien d ihis Mortgage or arry part ef these properties is herein referred to as the "Mortgaged Praperty."
PROVIDED AIWAYS, that if Mortgagor shall pay to Mortgagee the Agreement at the times and in the manner stipulated
therein, and in all other instruments securing the Agreement, including renewals, extension or modification thereoi, and in
. this Mortgage and in all other instruments securing the Agreement, to be kept, performed or observed by Mortgagor, then
this Mortgage, shall cease and be wid, but shal! othennnse remain in fu(I force and eifect.
' Mortgagor covenants and agrees with Mortgagee as foltows: 1
' 1. Compltance with Agreement and Mortgage; Warranty of Tltle. Mortgagor shall comply with all provisions of the
Agreement, this Mortgaye and of every other instrument securing the Agreement, and wiil promptly pay to Martgagee the
principal with interest thereon and all other sums required to be pa+d by MortgagQr under the Agreement and pursuani to
ihe provisions of this Morigage and of every other instrument securing the Agreemeni. MoRgagor covenants that Mortgagor
ti owns and is indefeasibly se~zed of the Morigaged Prope~ty in fee simple, that the Mortgaged Property is free irom all
encumbrances except as noted in the legal description above, that Mortgagor has lawtul authority to convey, mortgage and
encumber the same as provided by the Mortgage. that Mortgagee may peaceably and quietly enjoy the Mortgaged Property,
' and that Mortgagor wi(I defend the Mortgaged Property againsi the c!aims of al1 persons whomsoever, and that Mortgagor
so warrants. '
NO DOCUMENTAFiY STAMP TAX IS DUE AND PAYABLE HEREON SINCE THE ~lGRE~MENT SECURED
HEREBY iS NO'T A PROMISE TO PAY A SUM CERTAIN. RULE l2B-4.52(6), F.A.C. -
Art prer,ouz ed[~a;s are obsae:e 1t022t Nw 86 1094~
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