HomeMy WebLinkAbout0991 Indian River Area Properties, Inc.
Ihcrc~naf~ercatk~iMor~gagorland 'un Bank/Treasure Coast, National Association _
- - hav~ng .n
_ 111 Orange Avenue, Fort Pierce, Florida
otfweat _Iherc?naftercailed Mort
1ti'ITNESSFTH, tha~ in run~ider:~~wn uf the premi~r~ and ~n order to ~ecure ~hc pay ment uf tx?~h ihr nr~ncipal ul , ~
and interest arxl any ~thrr sums payablc on the note (as hereinafter defined> ur this Mortgage arx! the performancr and
~~~rrsanre uf :~II uflhr pruvisiom hereuf and uf ~aid note. Mungagur hereby grants, ~elh, w~nan~,, com•ey~, a»ign..
transfers, mortgagcs and se[s over and confirms unto Mortgagoe, all oi Mortgagor'~ estate, nght, utk and interest in, to ;
and under ali that crrtain r~:al property suuate in S [ . Luc ie - _ - - _ _ _ _ - - _ ~I,
('ounty, FlonJa, more partkularly descnbed as fc>Ibv?s
Lots 8 and 9 Block 1, REVISED PLAT OF BAKER'S SUBDIVISION, ~
according to the plat thereof, as recorded in Plat Book 8,
at Page 62, of the Puhlic Records of St.Lucie County,
Florida.
TNIS IS :VOT THE HO:~tESTEAD OF THE "tORTGACOR
T(X;ETNf:R WITH all ~mpruvrmrnt~+ n~?w ur hrrrafter I~x:~teJ ~m ~a~d real pr~?prrt} and all tixturrs, appfian
res, apparatw, eyu~pment, furniahing~, heahng and air condiUunmg ryu~pmrnt, mrchiner~ and artirle~ of per~unal
pruprn~ ;snd replacemrnt thrreuf luther than tho~r ownrd by IK~see~ of ~aid rral ptupertyl nuw ~?r hrreafter a(fixed t~~.
attached to, placed upun, ur u~ed in any way m connectiun with the complete andcomfortabk use, uccupenry, or uprra-
uem uf thr ,aid rral pruprrty .~II licrre~rs arxl pemut~ u~rd ur rrywred ~n c~>nnerl~un w~~h the u~r uf ~~id reat pn~pcrty,
all le~ses uf ~aiJ real proprny rx~w or hereafter enterrd into arxi aU ngM, utle and intrrest of Mungag~x therrurxler, ~n-
rluJing withuut lirnita~um, r~,h ur,ecunue+~lepo~ued thereurxirr pur~uam tu,aid lea~r+, and all rrnt~, i~,ur+, pru-
ceeds, and profrt~ arcruing frum,a~d reai propen} arui together wuh all pnxerdt of ~he com~er~i~n, vuluntary ur Imo•
luntar~ ut sny u! the fureguing intu ra~h c?r liyu~dated rtaim~, ~nrluding w uhuut limit:~tiun, pr~xerd~ ~?f inwrancr anJ
ronJrmnatwn av?ards f ihe f~irrgoing ~a~d real property, tangible anJ inteng~blr ~rtiunal psuperty here~nafter rrfrrreJ
cu11e~U~rl~ a~ thc tiluttg~gcd Pru~rt} !~1~?rtgag~?n c~reb~ gr~nt, tv ~1~~rt~.agrr a u.urit~ ~ntrrr.t in thr i~~re~„in~ .lr-
xnbed t~ngible and int~ng~hlr penunal property
TU HAVE A!VI) TO NOL[) ihr `turt~agrJ Pmprrt~. ~~~gr~hrr with aU an~i ~ingular thr trnrmcnt.. hrrr~ua
mrnh arxf ~ppunenrnreti thrrrun~~~ brlungmg ur ~n anyv?~~ apprnaining anJ ~hr re~rr~iun and rr~rrsium the?rul and
_ ali the e~te~r. n~h~. u~le. inter~~t. hnnx:,traJ. duwrr anJ n~M u( duwrr. .cprrate r.t:~~r. Ex~.tir„wn, i I~im ~nd elrmen~l
,j w hahur~cr. a~ well ~n !aw a> >n eyuuy. ~?f ,lurtgagur and umu the +amr. anJ e~rry p~rt thrre~~l . H nh the appurtenancr,
uf ~1~~rt~~g~x in anJ i~~ ~hr ~amr, an.i e~en pan arxl parrel ttxr,u( uniu 11urtEagee
• ~turtgaKur warr~nh that ~lurtgagur ha~.+g~xK1 and maricrtabir u~ir ~+~en ~nJr(e~.ible tre e+tatr m the rral pr~~p
' ert~ cumpr~+in~ lhr 11ur1gagrJ Pruprrty wbJert lu rN? lien, rhargr ur rrn umbrancr r~irpi wrh ati ~i~~rtga~er ha. a~rcr~1
~ ti? accrpi in w nung and ~1~~rtgagur cuvrnant, that thi, !~lortgage ~ti arui N ill rcrn~in a~aliJ an~i rnfurcrable murtgagr un
, the ~tung.,Krd Prupen} .uh~r~t unl~ tu thr etcrptiun~ herem pruviJrd ~~~1(~!!J~Uf F1J~ IUII ~1t1NC( .IfIIJ IdN IUI JUIf1Nf 11)
t~? murtgagr ~he titr:tgag~d Pr~~prm m thr mrnner and furm hrrein d<~ne ur mtrndrd herral~er tu tx ~funr ~1unk~N~~r
w ill ~re.rr~r .u~h titlr an.f w ill I~~rr~cr werrant and JrlcnJ thr ,amr t~~ ~1~+n~a~rr an.l w iit f~~rr~~r w~rran~ ~n.f JrtrnJ
ttk ~alidit~ and rnunt~ of the lien hrreuf a~asmt the claim~ ul all prnum anJ part~r~ wh~~m~ikvcr
i ~~~~fl~!d~'Uf KIII. 3l1llt i~l~~~~~ ~~U(1~;1~!~!f. Jf1lJ KIIFk1U1C\(1l'~1K 1~~;~~U(1~,J~'CC./~U.l'\CiU1C..llAflt~Nll'~J~Cdflt~tJl'-
~ li~er rll anJ r~rr~ tiuch funhrr ~rh, deed~. cuve~anirs. murtgage.. ~~,i~nmem,. nuurr, ul a~~ignment. ~ramfen an~i
~ a~wr~nrr~ ~t~,nE~Err ~h.,ll fr~m~ ur~?r ~e~ tinK rryuirr m~,rJrr tu rrr.rnr ihc pnur it~ ~~t tf~r lirn uf ~h~. ~1~~n~,~~r ur t~~
E f~cili~ate the perfi~nnancr u( ihr lern~~ hrreuf
~ PRO~"IUED. Hc)V~`f-.V~_R. that ~f ~lortgagor ~hall pay tc, titortgagce the ~ndebtednes~ in the pr~nrip.~l ~um ~~f
S 120,000.00 ~~~~~~ncedh}~ha~certa~nprcxn~c.u~nnoteuhrtiote?.ofe~endatrhereNith.oranyreneKat~K
~ repiacement ~~f ~uch tio~e. c~rcuced b~ !~lurtgagor arxi payabk tocx~ier of ~lcxtp.~gee, with intrrest and u~n the term~ a~ ~ru
~
~ v~de.i therein. ancf tugether ~~th all ottxr cumi ad~ancrd b~ !~lextgagee to rx ch~ behalf c~! Mcxtgagex pur~uant to tFx tiotr ur
~ ~hi~ ~1~xtgage. the f~nai mawn~y ci:,te of the Note and th~s ltvrtgagc a> >peafred m the tiote and shall rerfcxm aU ~~ther
io~enants an~f conJih~Tm of thr tieite, all ot the termti of N h~ch'~~?te arc ince?r~>rated here~n b~ reierrncr a, th~~ugh ret (orth ful
1~ here~n. anJ ulan~ renrwal. exten5u~n cx mcxl~licauon, thereuf and thiti titiin~.age, then thn ~1urt~ge an~i ~he etitate hereh~
cre.~red shall cratie and terminatr
!~iurigeg~~r lurthrr ~u~rnan~. arxl .~grrc~ w~lh ~lungaKcr a, P~~Il~~uti
~
! ~T~? pay ~Il.urn;, inilud~ng interr.t tircured hereby Hhen Jue, s. pn~~ iJ~J tur in ~he tiute ~ri~i ~n~ renrHal.
rxtrn~i~~n rrnxlili~etiun ~herrul anJ ~n Ihn ;~1<~rigage. ali wrh ~~m~ t~~he pa}ahle ~n lawful rm~n<< <~I thr l nite~l Si~tr.
+~f Ar??enca at '~1un~tagre'ti afure.aid pr.ncipai offire. ~x at tiuch u~hrr place a~ ;llungager mr~ ~1r.iRnatr in wn~in~
j ' Iu p,s~ wh~n ~ue. ~nd wiih~~ut reyuiring any nuu~r fn~m'~lungager. all trxe~. a..r~.nxnt. ut am ~~r
naiure and ~~ttxr ~har~c. Icv~rd i~r ati+e~srd againtl the tilc~rlgagcd Pru~xrty ur th~+ tit~~rt~:age arxl pn~u~e ri~e~pt. thcrr-
E t~~re uEx~n Jcm~nd Ti~ imrnrdialel) pa) atxl Ji~~hargc an~ ~•laim. lirn ~~r rn.~urnbrrnrr rgam.t the ~1~~rtgagrd Pru, rm
F wh~~h rnry tx trr brc~rme ~upenur ti~ thi~ Vlurtgage ar~ tu prrnu~ n~~ defaul~ ur delinyuenc~ un sny eNhcr lirn. encum
hren.r ~~r charge a~ein.I the ~lunga~ed Prupcrty
~ If rrywrrd b~ ~1~ert~agee, tn alsu ma?c rnumhly ~irEx~~it~ w~th Mun~ager. in e ~un-intrr~.t hrannE ai-
iuuni. t~~~rther wi~h and m nJ~liuun Iu mtere.l and pnni~pai. a.um ryual ~uurte-tv?el(~h c~( thr ~rerl~ ~,s~e. an~ a.
u~~nKn1~ which rneti hr Ir~ ird ega~m~ tFx tit~~rtgagcd Pru~,cn~ . and I~f w rryu~reJl ~mr-twrllth ~~t thc ~carl~ premiurn.
. osaa o00 , Pa ~ ~ /p~~
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