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Mortgsqa and Secu~ity Aaroement
This Mortgage is made th~s :1 t h day ~ J A N. 19 9 0 by and between
HAROLD OLMSTEAD JR., AND, IRENE OLHSTEAD, HIS WIFE
("Mortgagor"), and Bameri Bank of ST . LUC I E COUNTY
Mortgagee
theaddressofwh~ch~s 9950 S. U.S. *1 FORT PIERCE, FLORIDA 34982
Witness~th:
WHEREAS. Mortgagor ~s ~ndebted to Mortgagee ~n the principat sum of
THIRTEEN THOUSAND TWENTY 5IX AND 92/100
together wlth interest thereon, as evidenced by that certain promissory note of even date
her~,,wth, executed by Mortgagor and delivered to Mortgagee, the final payment ot which is due on or before the
day of ~AN . 24, 2000
(the "Note'), wh~ch by reference is made a part hereof to the same extent as though set out in fuil herein;
IVOW, THEREFORE to secure the performance by Martgagor of all cavenants and conditions in the Note and in this Mor-
tgage and in all other ~nstruments secunng the Note, and in order to charge the properties, interests and r~ghts hereinafter
described w~th such payment and performance and to secure add+t~ona! advances, rene~wals, exiensions and mod~fications
thereof and for and in cons+de~at~on d the sum of Ten and nd1~0 Dollars ($10.00), Mortgagor dces hereby mortgage, sell,
pledge and ass~gn to Mortgagee and. where app~~cable grant a security interest in:
The MoRgaged Prope~ty
(A) All of the land ~n the county of descnbed below:
LOT 16, BLOCK 56, INDIkN RIVEk ESTATES, UNIT EIGH1~,
according to the Plat thereof, as recorded in Piat Rooic 10,
Paqe 73, of the Public Recurds of 5t. Lucie Co:~nty, Fiori~ja
~TI~TE ~I~C~RIGe4'
~ Uc?~ JMEN7ARY~ ~TAM~' TA: {
pE,± ~~s :+FYEMUE ~ ~ ~ ;r?%~
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to have and to hold the same, together wdh alf the rmprovements now or hereafter erected on such property and ai! f~xiures
now or hereaiter attached ihereto, together w,th each and e~,ery tenements, heredotaments, easements, r~ghts, pa~rers, priv~leges,
~mmurnt~es and appurtenances thereunto belonging or m arryv~nse appeRain~ng and the reversion and reversions, remainder
and remainders, and also all the estate, right, Utle, ~nterest. homestead, right ot dower, separate estate, property, possession
and cla~rn whatsoever ~n law as well as ~n equ~ty of Mortgagor oi, ~n and to the same +n every part and parcel thereof unto
Mortgagee ~n fee s~mple.
(8) Together w~th a secunty ~nterest ~n all personal property. exclud~ng household goods whiCh are not purChased w~th the
proceeds of the Note, and t~xtures att~xed to or located on the property descr+bed m paragraph (A).
(C) Together w~th all rents, leases. ~ssues, prof~ts, revenue, mcome proceeds and other benef~ts from the property desc~~bed
~n paragraph {Aj hereof to be appl~ed to the mdebtedness secured hereby, prov~ded how~ver, that perm~ss~on ~s hereby g,ven
to Morigagor so long as no default has occurred hereunder, to collect. rece~ve, and use such benef~ts from tne property as
they become due and payable, but not m advance thereof.
(0) AA insurance pd~c~es and proceeds thereof and all condemnat.on proceeds. awards, damages, and cla~ms relat~ng
to or derived from the property descr~bed ~n paragraphs (A), (8) and (C) hereof.
(E) Eve~ything referred to ~n paragraphs {A). (B), (C) and (D) hereof and any add~aonal property hereafter acqwred oy
Mortgagor and subject to the ,~en d th~s Mortgage or any Rart d these propert~es ~s here~n referred to as the "Mortgaged Property"
PROVIDED ALWAYS, that ~f Mortgagor shall pay to Mortgagee the Note at the t~mes and in the manner stiputated there+n.
and ~n all other mstruments secunng the Note, mclud~ng renenrals, extens~on or moddication thereot, and in this Mortgage
and ~n alI other ~nstruments secunng the Note. to be kept, periormed or observed by Mortgagor, then th~s Mortgage, shall
Cease and be vo~d, but sh~ll otherw~se rema~n ~n fulf (orCe and ~eCt.
2 3 s 5 6 7 8 9 t0 Pre~nous ed~oors are obeoiele 1C~3578 Hev OGB9' (151~ PA
~ ~ - ~ ~ooR 674 P~~ 2~~8
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