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Home My WebLink About0961 ~~~si~~s~s 813438 M11c~RTCAGF DEEO AND SFCURtTY A(;RF:F:Mi~:N•r 7 y 6 v 7' r THISMORTGAGEDEEDItheAlortgagel,datedasof - Mn~~. ,1987 _,byandbetween Ernon t~. Sidaway, III and Debbie S. Sidaway, his wife, as tenants by the entireties ~hereinaftercalleclMortgagorland S~ Bank/Treasure Coast, National Association i - - having an afficeat 111 Orange Avenue, Fort Pierce, Florida - - Ihereinaftercalled Mortgageel: W ITNESSETN, that in cunsicleration of Ihe premises and in order tci secure the payment uf lx~th thr principal of, and inter~st and any uther sums payable an the nate (as hereinaftcr defined) or this Mortgage and the performancc and observance of al) of the pru~~isians hereof and of said note. Mortgagur hereby gra~ts, ~ellti, warr~nts, convey~, a~~igm. transfers, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, right, title and intere~t in, to andunderallthatcertainrealpropertysituatein St. Lu~.~~ounty County, Florida, more particularly described as follow•s: South 110 feet of the Narth 495 feet of the Southeast 1/4 of the Southeast 1/4 of Section 29, Tor~mship 35 South, Ranqe 40 East, lying East of Canal 29, less the East 40 feet of Hawley Road, in St. Lucie County, Flor~~a. ~cl ~ ay14~~e~ni~Of Te~ Recc=ve (This is a Second Mortgage. ) pus On Ci-ss In~~ng~ble Persona) Property~ Pursuan~ To Ch:,p'cr 71, 134, Acts Of 197L ' ~OUGLAS D~XON, ~ ~ TOGETHF:R WITH all improvements nuw~ or herrafter I~xated un said real ~S'ii~k~owtl Ql~ipctf~tcluep~~-fla~ ~ % ces, apparatus, equipment, furnishings, heating and air conditioning equipment, machinery anJ artictes oF personal - propeny and replaccment thercaf f~ther thaii those owned by lessees ot said real property) nuw or herc~fter affixcd to. attached to, placed upon, ar used in any way in connection with the complete andrnmfortable use, occupancy, or opera- tion of the said real property, all licenses and permits used or reyuired in connection with the use ul auid real prope;rty, - all leases of said real property now or hereafter entered ioto and all right, title and interest af Mortgagor thereunder, in- cluding withuut limitation, cash or securities depc~sited thereunder pursuant 1c? said Ieases, :~nd al! rents, i~.sues, pro- ceeds, and profits accruing from said rea) property and together with all proceeds uf the conversion, voluntary or Invo- luntary of any of 1he foreguing inta eash or liquidated claims, including w~ithout limitation, pnkeeds uf intiurance and condemnation awards (the forego;ng said real property, tangible and intangible personal property hereinaRer rcferred to collectively as the Morigaged Properly). Mortgagor hereby grants tu i~1ortgagee a securit}• intere~t in the furc~oin~ Jr- - scribed tartgible and intangible persona! properiy. TO HAVf: AND TO HOLD the Murtgagrd Property, t~~grther with :~II and ~ingular ~he tencrnent~, hrrrdita- ments anci appurtenance~ thereunto belonging or in anywisc appertaining and the reversion and reversivns thereof ~nd , atl the e~tate, right, tiNe, intcres~, hom~stead, dower and right vf dow•er, separate e~t:~te. Ex»,eti~ion, claim and drm~nd `a whatsoever, as well in !aw as in equity, of h1ortgagor and unto the same, anJ evcry part thereof, with the appurten:~nceti : ~ of Mc~rtgagor in and to thc same, and every pan and parcel thereof unto ~lortgagce. . Mtortgagor warrants that 1Nortgagor has a g~xx! and marketable title to ~n indefeasible fee estate in the re:~! ~~rup- ~ erty comprising the Murtgaged Pro~x;ny subject to no lien, rharge ur encumbrance except wrh A1ortg~gre ha. a~rerd to accept in writing and Mortgagor covenants that this Martgage is and will remain a~~alid and enforce;~ble mortgagc un ~ the Mortgaged Property subject unly to the excepUuns herein provideJ. Mortgagor ha~ full ~~w~cr and la~•ful authurit~ to mortgage the Mo:tgaged Property in the manner and form herein donr or intended hereafter ta be done. Mc~rtgagc?r w ill preservc tiuch titlc and a•ill forr~•er warrant and dcfend Ihe ~ame to Alungagre anJ u iU funvrr w arr~nl and Jclrnd the validitv and riorit of - the lien hereof a ainst Ihe claimti ot I t? _ P Y a I r~ n~ ~nd arties w•hom~ocv r. 8 F~ e . P Alortgagor will. at the roct uf Murtgagor, and without ex~n.e t~? Morigagrr. d~~. etecute. arkn~~~•Irdg~ and de- liver all :~nd every such further acts, deeds, roveyances, mortgages, c~+signment.. notice~ uf atisignment, trantifers and a~.urance~ as Murtga~ee tihall frum lime tu tune reyuire in urder tu pr~.crve thr prii~rit~~ ~~I the li~n uf thi~ Mortg:~gr ur w farilitate the performance of the terms hereof. ~ ~ ~ PROVIDED. HOWEVFR, that if Mortgagor shall pa~• to htortgagee the indebtedness in the principal ~um of S_3_7~ 390 . 00 as evidenced by that certain promissory note Ithe Notel, of e~~en date herew~ith, or am~ renewal or u replacement of such Note, executed by Ntortgagor and pa~~able to order of I~tortgagee, with interest and upon the terms a~ pro m vided therein, and together «~ith alt other sums ad~~anced by h1ortgagee to or on behalf of h1ortgagor ptirsuam to the Note vr ~ ~ this Mortgage, the final maturity date of the Nore and this Mortgage as specified in the Note and shall perform all other ; ~ covenants and conditions of the Note, all of the termsof which Note are incorporated herein by reference a5 though set forth ful ~ p 1}• herein, and of any renewal, cxtension or modification, thereof and of this Mortgage, then this !~lortgage and thr estatc hereb~ ~ created shall cease and terminate. d ~ ~ z ~ Mort~ag~~r furthcr covenantti and agrees w~ith Mort~~gee a~ (ollowti: w r, • t~ Q 1. To pay all sums, including interest secured hereby when due, as providrd for in the Note and any ren~w~~l. N a~ exten~ic~n ur m~?difiratiun therrci( and in thiti Mort a e, alt ~urh sums to be ~ble in IaN ful monr nf thr l1nitrd State. a¢. o°° K p" Y' y a ~ of America at Morlgagee's aforesaid principal o(fice, or at Such other place as Mongagee may detiignate in v? nting. k~ a s~+ ~ M 2. 'To pay v~hen due. and w~ithout reyuiring an~~ nuticr from M~~ngagrr. sll taxe~. a~.e.timrnt, ~,f any t~ ~n ur z y~ ~ nature and other charges levied or assessed against the Murtgaged Property or this Mortgage and prexiuce receiph lhere- ~~~t fore upcm demand. To in~mediately pay and discharge any claim, lien or encumhrance again~~ the Mortgagrd Pro~xrt~ a H " w which m:~y be or become superior to this Mortgage and to pemiit no default or delinyuenry on any otFier lien, encum- ~~°O ~ brance or charge again~t the Mortgaged Pro~xny. z ~ o ~ ~ cr~ .,°1~ 3. If reyuired by l~tvrtgagee, to also make mor~thly deposit~ u~ith Mort~agee, in a nnn-inl~rest tkaring ar- ~ H~ p a cuunt, together w ith and in addition to interest and principal, iif a sum eyual to one-tw~eUth uf the ~•rarly tare~ an~l a.- a w ticssment~ which may be levied against thc Mortgaged Property, and Ii( sv reyuired) on~-twelf~h of the yearly premium~ f~~r imuranre thereon. The amount uf ~uch taxe~, astietitimcntti and premium~, whrn unkn~?wn. ~hall tk e,timatrd h~ Mortga~ee. Such Je~~itti shall he used by Mortgagee to pay such taxes, assessments and premiums when due. An~• in- .ufficiency c?f surh accae~nt to pay ~uch charges when due shall be n:iid by Mortgagur to A1~irtga~er :m demanJ. If. h~ reason ~?f any defaull by Mortgagor under any provision of this MaRgage. Mortgagee declares all sum~.ecurcd hereh~ U~ tx dur :~nd paya'~Ic. Mungagee may thcn apply any fund~ ~n said acrount against the entire indchtednr~, .erurrd ~o53s ~o~si a~oaaa-ooo , N e e~ ~~°--..r- . . ._~-~c--- - f