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Home My WebLink About0991 . - ? `I I • - - v v v ~ s. ~~y,so s° . . -r'x.~L(,.u~ ~ ~ ' THYS IS A BALLOON MORTGAGB AND THE FINAL PRINCIPAL PAXI~NT OR THE PRINCIPAL BALANCE ~ DUE UPON MATURITY IS $59,178.OG~ TOGETHER WITH ACCRUED INTERBST, IF ANY, AND ALL ADVAP2CF•MENTS MADB BY THB MORT~AGEE UNDER TH8 TERMS OF THIS MORTGAGE. 845952 MORTCAGE DEED AND SEGURITY AGREEMENT THI~MOR'~GAGEDE~D(theMortgage),datod~sai $eptember 2 ,~9 ,byandbetwan .T. Haro d Ro erts, r., as to an un ivide nterest, c aeI`T: Brown, as to an undivided 45 interpst~_~n_d F.dward T. Danie?s~ as n n und~vid d lp~ in P e8t.. (hereir~atterca!lodMongaga)and Sun Bank/Treasure Coast, N.A., and/or their succESSOrs and/or assigns, ae their interest may appear. . having an i o~-~$~ 111 Orange Avenue, Fort Pierce, Florida ~hereinaftercailodMortgagee?; ~ W ITNESSE'fH, that in consideration of the premises a~d in order to secure the payment of both the principal of, ~ and interest and any other sums payable on the note (as hereinafter def ned) or this Mortgage and Ihe performance and . a observance of all of the provisions hereof and of said note, Morigagor hereby grants, sells, warrants, conveys, assign~, t ~ transfcrs, mortgages and scts over and oonfirms unto Mortgagoe, aN of Mortgagor's estate, right, title and interest in. to St.Lucie and under ail that certain real property situate in 0o County, Florida, more particularly described as follows: ~ Condominium Parcel known as Apartment 5103 in Building S of Phase V. of THE SANDS, o A CONDOMINIUM SECTION I, according to the Declaration of Condominium thereof, a recorded in OR Book 367, pages 748 through 839, of the Public Records of St. Lucie County, Florida; together with the undivided share of the common elements d appurtenant thereto. z THIS IS A FIRST MORTGAGE / THIS IS NOT THE HOMESTEAD OF THE MORTGAGUR'S ~ TOGETHER WITN all impruvements now or hereafter located on said real property and all fixtures, applian- ~ ces, apparatus, equipment. furnishings. heating and air conditioning equipment, machinery and articles of personal v property and replacement thereof (other than those owned by lessees of said real property) now or hereafler affixed tc~, e~ attached to, placed upon, or used in aoy way in eonnection with the complete andoomfortable use, occupancy. or opera- ~ tian of the said real property, all licenses and permits used or required in connection with the use af said real property, ~ ~ all leases of said real property now or hereaRtr entered into and all right, title and interest of Mortgagor thereunder. in- ~ cluding without limitation, cash or securities deposited thereunder pursuant to said leases, arxi al! rents, issues, pru- ceeds, and profits accruing from said real property and toge~her with all proceeds of the conversion, voluntary or Invo- luntary of any of the foregoing into cash or liquidated claims, including without limitation, proceeds of insurence and - ~ condemnatio~ awards (the foregoing said real propeny, tangible and intangible personal propeny hereinafter referred to ~ collectively as the Mortgaged Property). Mortgagor hereby grants to Mortgagee a security interest in the foregoing de- ~ scribed tangible and intangible persvnal propeny. ~ ~ TO NAVE AND TO HOLD the Mortgaged Property, together with all and ~ingular thc tenement~, hrredita- ~ ments and appuAenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof :~nd ~ all the estate, right, title, interest, bomestead, dower and right of dower, separate estate, posscssion, claim and demand p whatscever, as wel) in law as in eqaity, of Morigagor and unto the same, and every part thereof, with the appurtenanres ~ of Mortgagor in and to the same, and every part and parcel thereof unto Mortgagee. ~ u ~ Mortgagor warrants that Mongagor has a good and marketable title to an indefeasible fee estate in the real prup- eny comprising the Mortgaged Property subject ro no lien, charge or encumbrance except ~urh as Mortgagee ha~ agreed to accept in writing and Mortgagor covenants that this Mortgage is and wil! remain a valid and enforceable mortgage on ' ?.a the Mortgaged Property subject ~nly to the exceptions herein provided. Mortgagor h:~s full puw-er and lav?~ful :~uthurity to mortgage the Mo:tgaged Property in the manner and form herein done or intended hereafter to be dune. Mortgagor p witl preserve such titlc and will forcver warrant and defend the same ~o Mongagee and wiA torevcr v?~arrant and defrnd ' ~ the validi[y and priority of the lien hereof against the claims of all persons and parties wham.cever. Mortgagor will, at the cost of Mortgagar, and without expense to Murtgagee, do, exerute, acknuwledge and de- ~ liver all and every such further acts, deeds, coveyances, mortgages, assignments, notices uf assignment, tr:~nsfers and q assurances as Mortgagee shall from time to lime require in order Io preserve the priurity ot~ the lien of this Mortgage ur tu ; w~ facilitate the performance of the tertns hereof. i d ' w PROVIDED, HOWEVFR, that if Mortgagor shall pay to Mortgagee the indebtedness in the principal cum of p04„ E 83 , 000. 00 as evidenced by that certain promissory note fthe Note), of even date herewith, or any renewal or • ¢ replaament of such Note, executed by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as pro 3 vided therein, and together with all other sums advanced by Mortgagee to or on behalf of Mortgagor pursuant to the Note or H this Mortgage, the Gnal maturi~y date of the Note and this Mortgage as specified in the Note and shalf perform all other ~ co~enants and conditions of the Note, all of the terms of which Note are incorporated herein by reference as ihough set forth ful- ~ ly herein, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage anJ the estate hereby ,x created sha(I cease and terminate. H z Mortgagor further covenants and agrees with Mortgagee as folluw~: H ~ 1. To pay att sums, inctuding interest secured hereby when due, as provided for in the Note and any renewal, ' ~ extension ur modification ~hereof and in this Mortgage, all such sums to be payable in lawful mcmey ot~he Uni~ed State~ . of America at Mortgagee's aforesaid principal office, or at such other place as Mongagee may designate in writing. 2. To pay when due, and without requiring any notice from Me~rtgagee, all taxes, asse,sments of any typc or t nature and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts there- fore upon demand. To immediately pay and discharge any claim, lien or encumbrance agains~ ~he Mortgaged Pruperty which may be or become superior to this Mortgage and to prrmit no default or delinquency on any otHer lien, encum- i brance or charge against tbe Mortgaged Propeny. ~ ~ 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in a non-intcrest bearing ac- ~ count, together with and in addition to interest and principal, of a sum equal t~~ one-twelflh uf the yearly laxes and a~- ; sessmenls which may be levied against the Mortgaged Property. and (if so required) one-twelfth of the yearly premiums € 4.ae4~ooo-~ R4B6 pOUK VV~ PA~E VVV : - - - - ~~.y - ~ ~_._:.~r