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Home My WebLink About0943 ~~33~i9~ nio~•rc.ncr nF~:u nn~u s~x~v~iiTV ~~c.kF:~:n,~r.:rv~r , THIShIORTGAGF:DEED~thehiortgage),date~iasof Oc tober 18 , , 19 8 2 _,by.an~ibctwccn v . i , . '~,~i`.... T~ F. I~ ti T T.j~$S ~ T N~,-- c.vu~it ~ ; c 1~; Ihereinafter called ~tortgagorl and __~[Lrl_~1~;iK o r• S T I. U C Z~ C o u N T v ` ~ ~ having an tf,~ ` , 1' ~ i officeat For t Pierce ~ Flor ida (hereinafter called I~9ortgageel; I~): r ~ 7 i ~ \ V I T N E S S f:T H, t ha t in co~~si dera tion o f t he remises an d in or der tu securc t he a mem o f bot h t hc rinci ~i l o f, ~"':.fi~ P P" Y P P' ~ and interc;st and any other sums payable on the note (as hereinafter defined) or this Morigage and the performance and i~-{- ~ ob;en~anre e~f all uf the rovisions hereof and of said rn~te, Murt 7~ or hereb ~rants, sells. ~~~arrants, conve ti~ti,i ~n,, u ! P b~S Yb' Y=.~-~ b ~ l ~~j . transfers, mortgages and sets over and confirms unto R4ortgagee, all of titortgagor's estate, right, title anc! interest in, to ~ G tK~ 1 G~ ~ ! ~r; and under aU thai certain real property si~uate in S T. L U C I E C O U N TY ' ~ ~~J i County, Florici~~, more partEcularl~• clescribed as follo~~~s: i4-.~;: _ ~ ;~~1~_ ~ Lots 24 & 25, E31oCk 1259, PORT ST LUCIE, SECTTON ELEVEN, according to the Plat thereof as recorded ~~~~~~i . in Plat Book 12, Page 51 of the Publ ic Records of i(~~:. ,I~~: . I . St. Lucie County, Florida. ..l 7 t r ' TOGETHER \\'1"i'H all impro~~ements no~1~ or hereaRer located un said real pro~rty and all fixtures, applian- ces, apparatus, eyuipment, (urnishings, heating anJ air conditioning cyuipment, machinery and articles af personal pruperty and replacement thereof (other than those owned by Icssees of said real prope.rty) now or hereafter affixed tu, attached to, placed upon, or used in any way in connection with the complete ~ndcomfortable use, accupancy, oropera- tion uf the said real property, all iicenses and pem~its used or reyuired in connection with the use of said real property, all leases of said real property now or hereafter entered into and all right, title and interest of Martgagor thercunder, in- cluding ~+~ithuut limitation, cash or securities deposited thereunder pursuant to said leases, and al! rents, isssues, pro- ceeds, and profits accruing from said real property and together ~vith all proceeds o( the conversion, voluntary or invo- luntary of any ol~ the foregoing into cash or liyuidated claims, ineluding withc~ut limitation, proceeds of insurance and condemnation awards (the foregoing said real propcrty, tangible and intangible personal propert~~ hereinafter refened to collectively as the Mortgaged Pro~erty). Mortgagor hereby grants to il4ortgagee a serurity interest in the foregoing c~e- scribed tangible and intangible personal property. TO HAVE AND T'O HOLD the 1lortgaged ProExny. together ~~~ith ali and singul~r the trnements, heredita- ments and appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and ali the estate, right, title, intere1t, homestead, dowerand right otdo~+~cr, separate estate, Ex~ssession, claim •.!nd demand whatsoe~~er, as ~~~ell in la~~~ as in equity, of Mo~gagor and unto the same, and every part thereof, with the appurtenances uf ti4ortgagor in and ro the same, and every part and parcel thereof unto ;~lortgagee. ;~7ortgagor warrants that Mortgagor has a gcwcS and marketable title to an indefeasible fee estate in the real prop- ert~• comprising the Mortg;iged Properly subject to no lien, charge or encumbrance except such as ~~tortgagcc h~is sgreed to accept in writing and Mortgagor covenants that this Mortgage is and will remain a valid and enforceable mortgage on the I~4ortgaged Property subject only ro the exceptions herein provided. ~1o~tga~«r has full po~ver and la~~~ful authorit~~ to rnortgage the tilortgaged Property in the manner and form herein done or intended hereafter to be done. ~4origagor . ~~~ill preser~~e such title and ~+~ill forever u~arrant and defend the s~rne t~i Mortgagee an~l will fore~~er ~~arr~nt .?nd deiend the vatidity and pnority of the lien hereof against the claims of all pe~sons and parties ~chornsoever. \tortgagor ~s~ill, at the cost af i~tortgagor, and ~~•ithout expense to Mortgagee, do, executc, acknaw~ledgc an~l cle- ~ liver all and every such further acts, deeds, coveyances, mortgages, assi~nments, notices o(assignment, transfers and assurances as Mo • ti • ? , - , , rt a ec. _ liall frc m time to timc rec uire in ordcr t~~ r~_tn~e the riorit ~ of the lien ot this 11ort or t~s bK I P P ) facilitate the perfomiance of the tem~s hereof. _ PRUVIDED, HOWEV~R, that if 4lortgagor shall pay to ~lortgagee the indcbtedness in the principal sum of ~ S 39 , 600 . 00 as eviderced by that certain promis~ory note (the Notel, of even eiate here~~~ith, or any rene~val or replacement of such Note, executed b}~ lltortgagor and payable to order of Mortgagee, with interest and upon the terms as pro- vided therein, and together with all other sums advanced by l~tortgagee to or on behalf of Mortgagor purs~ant to the Tlote or this hfortgage, the final maturity date of the Note and this hlortgage as specified in the Note and shall perform all other covenants and conditions of the Note, all of the terms of which Note 3re incorporated herein by reference as though set forth ful- ly hcrein, and of any renewal, extension or modification, thereof and of this ~lortgage, then this htortgage and the estate hereb~~ ~ created shall cease and terminate. tilortgagar further covenaots and agrees with ~lortgagee as follows: I. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension or mcxlification therecif and in this I~tortgage, all such sums tc~ be payable in la~vful n~aney c~f the lJnited States - of America at 1~4ortgagee's aforesaid principal office, or at such other place as `4ongagee may designate in ~vriting. : 2. To pay when due, and without requiring any notice from Mortgagee, all taxes, as~essments of any ty~ or nawre and other charges levied or assessed against the Mortgaged Property or this A4origage and pr«iuce receipts there- ~ , fore u~n demand. To immediately pay and discharge any claim, lien or encumbrance against the l~lortgaged Property ~ which may be or become superior to this Mortgage and to permit no default or delinquency on any ottier lien, encum- ~ brance or charge against the btortgaged Properiy. , 3. If required by Mortgagee, to also make monthly deposits with Mortgagee, in a non-interest bearing ac- count, together with and in addition to interest and principal, of a sum ec~ual to one-twelfth o( the yearly taxes and as- - scssments which may be levied against the Mortgaged Property, and (if so required) one-twelfih of the yearly premiums for insurance thereon. The amount o('such taxes, assessments and premiums, when unknown, shall be estimatcd b}~ Mort~agee. Such deposits shall be used by Mortgagee to pay such taxes, ~ssessments and premiums when due. Any in- 1 sufficiency of such account to pay such charges when due shall be paid by Mortgagor to Morlgagee on demand. If, by ' reason of any default by Mortgagor under any provision of this Mortgage, Mortgagee declares all sums secured hereby to be due and payable, 1~lortgagee may then apply any funds in said account against the entire indebtedness secured ~ ~ " S 4-0484-000-t N 9 81 , ~ ti~~K 38fi PA6E ~42 r: ~ ~