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Home My WebLink About2179 . , 102?673 ~s~.~~ ~ ~,ur. z oo. oc { THIS IS A B~I.LOOti :NORTGAGE ANp THE FIti~L PR1hCIPAL PAYMENT OR THE YRItiCIPAI. BALt~~CE Dl'E UPUN *tATURITI IS $ 8g,391.65 TGGETHER WITH ACCRUED INTEREST, IF Atil', A~D j A1.L ~D~'ANCEMENTS rWD~ BY THE ~lORTGAGEE UtiDER THE TF.R.~1S OF THIS MORTGAGE:. ~ f MORTGAGE DEED AND SECURITY AGREEMENI' i y THISMORTGAGEDEEDitheMortgagel,datodasof JANUARY 25 ~q90 ,byandbetween ~ _ HERBERT B. HORNE, JR, and DIAMOND R. HURNE, his wife ~ lhereinatttrcalledMortgagorland _ _ _ ~ SUN BANK/TREASURE COA5T, NATIONAL ASSOCIATION ,havingan ~ officeat 111 ORANGE AVENUE, FT. PIERCE, FLORIDA IhereinaftercailedMortgageel. W ITNESSETH, that in consideration of the Premises and in order to secure the payment uf buth th~ princip~l uf, ' and interest and any other sums payable on the nate (as hereinafter definedl or this Mongage and the performance and observance of ail of the provisions hereaf and of said note, Mortgagor hereby grant~, sells, w arrant~, runvey~, at~ign~, ~ transfers, mortgages and sets over and confirms unto Mortgagee, all of Mortgagor's estate, rignt, title and interest in, to andunderallthatcertainrealpropertysituatein ST L.UCIE ~ County, Florida, more part~cularly descnbed as follow•s: i ~ LOT 22, BLOCK A RIVER 1d00DS SUBDIVISION, ACCORDING TO THE PLAT THEREOF, ~ AS RECORBED IN PLAT BOOK 18, PAGE 4, PUBLIC RECORDS OF ST. LUCIE COliNTY, FLORIDA. 7 ; ~ "fOGETHER WITii all improvement~ nuw~ or hereafter la:ated un said re~l pn~perty and all fixt~reti, appli~n- cr,, ep~araiw, rywpmrn~, furnist~ings, neaiing and air conditioning equipment, machinery and article~ of pertic~nal ; propeny and replacement thereof lother than those owned by les~ees of said real property) now or here~fter affixed tu. ` attached to, placed upan, or used in any way in connection with the cumplete and comfortable use, occupancy, or opera- ~ ti~~n of the ~aid real property, all licenses and permits used or required in connectiun with the use oC Said real property, all leases of said real property now or hereafter entered into and ali right, title and interest of Mortg:~gur thereunder, in- cluditig without limit:,tion, rash or securihes deposited thereunder pursuant tu ~aid lease,, and all rrnts, i,~ue~, pro- ~ ceeds, and profit~ arcruing from said real Property and together with all proceeds of the conversiun, vofuntary ur invo- luntary uf any ol the forego~ng into cash or liquidated claims, including without limit~tiun, pnxeeds oi intiurence and ~ condemnation awards (the foregoing said real property, tangible and intang~ble personal property hereinafter referrcd t<~ colleclivefy ~s the 41urtg~ged Property). Mortgagor hereby grant, to Mortgagee a~ecurity intere~t in the (ureg~,in~ Je- scribed tangible and intangible personal property. ~ TO NAVE ~1ND TO HOLD the Mortgaged Property, tuge~her H~~h ~II and ~ingular Ihe lenement>, heredha- mentt and sppunenanceti thereunto belonging or in anywise appertaining and the revenion and reversiuns thereof and ` ali the etitate, nght, title, interesi, homestead, dower and right uf dower. ,epar~te e.t~te. pe~,.eti,~on, rlaim :~nd ~lrmand ~ whatscever, as well in la~~ as in equity, of Mortgagor and unto the same, 3nd every pan ~hereof, with the appurtenanceti j uf Morteae~r in and to the same, and every Part and parcel thereuf unto Murtgagee. ~ F ~ ~ ti1urtgagor warrants that Mortgagor has a good and marketable title to an inJefea~ible fee estatr in the real prup- f ert~ c~~mpri~ing the ~lortgaged Pruperty subject to no lien, charge ur encumbrance exrept ,uch a~ M~~rtgagee ha, a~reed t~i accept in writing and :Vlortgagor covenants that this Mortgage is and will remain a valid and enforceable mortg~ge un the `lortgaged Property wbject c~nly to the exceptions herein provided. Mortgagor ha~ full ~~wrr anJ lawful :~uthunt} ! to mortgage the M~~ngaged Property in the manner and form herein done or intended hereafter to be dune. Alortgagur ~ ~ ill prrser~e ~uch title snd will f~~rever waRant and defend the +ame t~~ Mortg~~ee anJ ti iU f~~re~•rr w:~rr:,nt and ~efrnJ ~ the validi[} and priorit~• of the lien hereof against the claims of all p~r~onti and p~rtie~ whum~or~~er. ~ Mc~rt~~g~~r «iil. at ~he cost of Mi+rtgagur, and w ithout expen;e ti~ Murtgager, d<~, execute, a~knuw ledge anJ de ~ I~ver a!I and every such further acts, deeds, coveyances, mcirtgages, a~signment~, n~tireti uf assignment, tran~fers :~nd ; a~.~uranreti a~ Murtg~~ee sh~ill frum time t~~ time reyuire in order to ~re.er~e the pri~~nt} ~~f the iien uf thi~ Mung~ge ur t~~ fac~litate the performance oC the tem~s hereof. ' ; F ~ i!.~?~,` 1 ~y r~~ PROVIDED, HOWEVFR, that if Mortgagor shall pay tn htortgagee the indebtedness in the pnncipal tum of ~ ~ • . , S_100, 000. 00 asevidenced by that certain promissory note Ithe Notel, of e~en date herew ith, or any renewal or ~ replacement of such Note, executed by 1lortgagor and payable to order of I~lortgagee, with interest and upo~ the terms as pro i ~ , ~~ided therein, and together with all other sums ad~anced by Mortgagee to or on behalf af Mort~,agor pursuan[ to the Note ur ' 3 this hlortgage, the final maturity date of the Nore and this Mortgage as speciGed m the hrote and sha~l perform all other 1 ° ~ covenant~ and conditions of the Note, ali of the termsof which Note are incor~rated herein by reference as though set forth ful ~ ly~ here~n, and of any rer.ewal, exrension or ma:iGcation, thereof and of this Mortgage. then this !~lcxtgage and the estate nereby created shall cease and terminate. i i ~1cirt~~~ur further co~enant~ and agrees with ~tartgagee a~ t~+ll~n?~: I Tu pay all Sums, ~ncluJing interest tiecureci hereb~ when due, at prov~ded f~>r m the Ne>te and an}~ rene~~~l, ~ etiten~iun ~~r mi,Jificati~m thereuf and in thi~ :~1ortgage, all tiuch sum~ tu tx psyable in lav. ful muney uf thc l!nued Stale. ' • , ~~f Amenca at ~tortgagee'S ~foresaid pnnc~pal uffice, or at such oiher place a~ Mortga~ee ma} des~gn~tr in ariting. ~ ~ T~~ ~ay u hen due, and with~ut requiring any notice from Mi~rtgagee, all taxeti, a~,e,timent~ ~~t ;~n. tppr ~~r ~ nature and ~nher charge~ levied ~r assessed against the Mortgaged Property or this Mortgage and procfure receiFt~ thrre- fi~re uGxm Jemand T~~ irnmediateiy pay and ditieharge any claim, lien ~~r encumbFance againtil the Mortgaged Pruper.y ` whi~h may be or hecome tupenor to this Mortgage and to permit no default or delinquenry on any ottier lien, enrum- r hranre i~r charge ~gamtit thr Mortgaged Property. 3. It reyuired by hlortgagee, to also make momhly deposi~~ ?+ith Mortgagce, in ~ non-intrretit Ixanng ac- ~ i~uunt. tugether µ nh anJ in add~uo~ tu interest and pnncipal. of a sum eyual tu one-twelC~h u( the }early ~axe~ anJ ' .etitimen~~ which may be Icvied aga~nst the Mortgaged Properly, and (if so reyuiredl c~ne-tw•elfth ~>f the yrarly premiun~~ .~.8. R~ 6~ E_~ t 675 P,~E2179 _ i~,, ~ ~,s, a.` ~ ~s-r-~vli~.. ''^r 2~cl-~,-r ~.zs .~,i^+^~.,-~ ~ ~ -~c'-,i'~i31~29.4.~'.i.bd3~ - _