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Home My WebLink About0994 ; ! ~ i ` . / / ~"/a01.f . , ~ ~ ; ~ .ir',~ ~ MORTGAGE D~ED AND ~ECURITY AGHEEMENT THIS MORTGAGE DH:F?~ (the Mortge+ge), d~tccl Qe ot -~+a.l~[..?A ,8:~_.,_, by i~nc) betwcen WilZiam H. Thampsan and MarX A. Thompson, his wrife . (hereinfifter cnlled Mortgagor) and gUn BAnk of St. LuCie Couri~y , hr~ving un ~ o[tice ~t 111 Orange AVeriue i F'Ort PierCe , Flotidn (hereinntter ccillecl Mortgngee); WITNESSETH, thst in conaiderntion of tho premieea nnd in order to eecure thH pnyment o( both the principt~l of, and intereet nnd pny other euma payable on the note (ns hereina(te: defined) or t1~ia Mortgnge nnd the perfarmnnce and ob- eervanc~ ot all o! iho provieione hereot and af a~~id note_ T'Jortg~gor hereby g~ente, eells, warrante, nliene, retnises, releasea, conveye, aeeigne, trenefere, mottgagea nnd aeta over und cont;rme unto Mortqngee, all ot Mortqagor'e eatate, riRht, title anci j + interest in, t~ and under nll thnt rertein real pro~rty eiiuutein ~t~ ~~e County, Floridn mora pnrticulHrly ~ descri~eci ae tollows: Z~his is a l~placement Mortgage for Mortgage sntisfied in error on property described as: Lot 37 Block 49 fn Indian :tiver.Estates U~~it Seven, a _ ~ suhdivisic~ according to the plat thereof as recorded in Plat Book 10 at ~age 75 of the Public ~cords ~f St.. Lucie County, Florida. Mortgage dated December 30th 1976 recorded ir~ O. R. Book 261 ~age 2925 in the Publ.ic ~corc~ of St. Lucie County, Florida. E12~ Mortgage recorded Decetnber 30, 1976. 'aG~ ~ I,~'~, ~~p Receivod 8 ~~~LL~ in Peyment Of Taxos _ pue On C~a~8 "C" itttenpibi~ Personal Nroperty, ~ Fi~?suant To Ctcept6i 71, 134, ACt~ t~^ 1. ROGER POfTRAS 1 ~ . ;'1~!~b Cir~uit~Ct+urt. St l.~~r.~~• Cn.. ~1,~ - 'T(3G~THER 1~VI'I'N s~ll improvements now or hernf~tter 1«~zited on xtiid reai p~o~ierty .~nd nll tixtures, .~ppliancex, - . c~pparatue, equipment, hesting nnd nir conditioning equipment, mnchinery rind urticies of peraoni~l pro~xrty t?nd replF~cement thereof (other thnn those owned hy ~esseea of snid renl pro~~erty) n~w or hereiifter nftixed to, nttnched to, plnced upon, or used in nny wtiy in connection wiih the complete and comfoHahle use, ocrups~ncy, or oF~eration of snid renl proj~erty, s~ll . licenses nnd permits used or required in connection with the use of snid renl property, nll Ieases ot s:iid real property now or hereafter entered into nnd c?II right, title and interest of rlortg:~gor thereunder, including without limitntion, cash or securi- ties deposited lhereunder puraunnt b sciid learses, nnd ull rents, issues, proreeds, nnd profits nrcruing irom stiid refil property nnd together with nll proceeda of the com~ersion, ~~oluntary or im~oluntary of uny o( the toregoing into cush or liquidnled j claima, including without limitntion, proceeds of inxurcin~•e nnd condemn?~tion aw~rds (the foregoing said m.~l pro~?erty, ~ tangib)e nnd intu~gihle ~~ereonal property hereinafter rete~red to .w the Mortgagc~cl Yro~~erty). MortRagor hereby gr~Ms ' to Mortgngee security inlereat in the foregoing described tan~ible tind int.~ngible ~mrsonal prol~erty. TO HAVE AND TO HOI.D the Mortg~ged Pro~>erty, togrther with ~ill and singulnr the tenementa, hereditf~ments :~nd - appurtennnces thereunto helonRing or in t~nywise np~~ertaining :ind the teLersion .~nd reveroions. thcreoE and a11 the e9tnte, ~ right, title, intereat, homestend, dower nnd righi oF dowcr, sepr~rnte estxte, pos~eaeiori, claim nnd demand whatsoever, nx ( well in law t~s in equit-y, of Mortg:~gor »nd unto the a~me, rind every p~rt thereot, with the a~~purtennncea o( MortR~Ror in ~ ~ :~nd to the snme, nnd every p~rt and parccl thereof unto biort~agee. ~ Mortqagor warrFinte that it has ~ goud .~nd marketable tiUe to :~n indefe.isible (ce est:~te in the 1~loriga~eci E'ro{~erty ~ subject to no lien, charge or encumhrnnce except such .is Mortgtigee has agreed tc~ ai•cept in writing nnd A1ort~aqor co~•enants ~ ; that this blortgnge is ,~nd will rem:~in a calid :~nd entorceable tirst mortgaRe on the htortg.yged Propelty subject only to the ~ ~ ~xceptiona herein provided. Mortqagor hFis (ull ~wwer and lsiw(u) authority tc, mortRf~qe the Morignged Pro~~erty in the manner :~nd torm herein done or intended herea(ter to t~e donc. MortR~gor will ~~r+eserve euch title and wil) torever wnrrnnt :~nd defend the atime to I~4ortqagee and wi11 fore~er warranl send defe~d the vulidity nnd priority ot tFie lien hereof ngainst ~ the cl~ims of fill ~~eraons and parties whomsoever. ~ I Mortgagor will, nt the cost o[ I~lortqagor, and without ex~~ense to hiortq~~qee, do, execute, i?cknowledge :~nd deliver nll ~ ( and every such turiher acts, deeda, conveyt~ncea, mortgages, aesignments, notices o( :~x~siRnment, trnnsfers t~nd assurances ~~s ~ hlortgagee shnll trom time to time require in order to prc~erve the priority ot the lien of this A'fortR.~Re or to fncilitate the { ~~er(ormnnce of the terms hereul. . f ~ PROVIDED, HO~~VF,VER, lhat if Mortgagor sh:ill p:ry to MorlRagec the indehtedne.4s in the prencipnl sum o( a ~ - na evidenced by th~t cert~~in ~uomissc~ry note (the INote), o! even d~te herewith, executed by ~ Mortgagor nnd payahle to order ot Mortgngee, with interest .~nd upon the terms as provided therein, nnd together with nll oiher suma advnncecf hy Mortgugee to or on behalt of I1lortg:iaor purxuanl to the l`bte or this Mortgrige, the finai maturity ~ dnte oi the Note ~nd this I?Tortgage treing --~1Pril 1. 1987 and shall perform all other covennnts and conditiona of tFe Note, all of the terma of which Note ~re incorpornted herein by retere~ce as though sRet forlh fully here- ~ in, t~nd of any renewal, exter.sion or modific~tion, thereof ~nd of Ihis :1'InriRage, ~hen this Mortgage and the estnte hereby ~ cre.~ted sh:ill ce~ae ~nd terminnte. ~ ~ hlortgagor further ronvenants .~nd agrees with Aiortgagee as followd: ~ ~ l. - To pay nl) sumr,, iaclUding interest securnd herehy when due, as providad [or in the Itiote and nny renewal, extension or modification thereof and in this MortR~ege, r~ll such sums to be payablP in I:iwful money of the United Stntes o( America ut ~lvrlgagee's ~lorea~id ptincipal office, or c:E surh other plnce as AiortRaRee mny desiqns~te in writing: ~ 2. To pay when due, :~nd without rcquiring any notice trom 1~iortgngee, a11 tAxes, ~ssessmenta of .~ny ty~~e or nature = , and othe~ charges levied or ss.geased ag:~inat the Alortgaged Property or this Mortgage and produce receipts therefor u~;on - dem~nd. To immedintely pay nnd discharge any claim, lien or encumhrc+nce against the Iltortgaged Property which may be or hecome auperior to this Mortgf~ge and to ~em~it no de(uult or delinquenry ai a~y other lien, encumbrance or chr~tge , :~Rainst the 111ortgeged Pro~>erty. 3. If required hy 6lortg.~gee, to also make monthly de~>osits wi.h Mortqagee, in a non-interest bearing account, lo- ~ gether with ~nd in addition to interest and ~~rincipal, o( a sum equ~l to one-tweltth of the yearly tn:e9 and asae~aments which ~ may he levied againsi the Mortgaged I'roperty, and (it so required) one-twelfih o( the yeaciy premiums for insurance ~ thereon. The nmount ot such taxea, nssessmenta nnd premiuma, whe~ unknown, $hnl! Fie estitnated by J1Zertgaqee. Such deprosits shall be ufed by Mortq~gee to pay such taxes, assessments :~nd ~;remiuma when due. Any insuf[iciency of such , -1- - . ~n~~ PaCE ~