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THIS I8 A BALLOON IrIORTQAaB AND THg FIIdAL ~~~HN HAY7? :
PAYY$59: QR THS BALANC$ DU8 UPON ~/ATUBITY a~~~ ~
IS = 6 ~3~~ ~ T0~8TH$R WITH ACCRUBD ~~D'~' ~r~ j
INTER88T. IF ANY. AND /1LL ADVANCB~1~[SNT$ ~iAD$
BY THS l[ORTQAt3SS UNDBR THS TSRIi[8 OF THI8 16`7458
~iORTGAaS.
MORTGAGE TO SECURE NOTE
. ~ g . 01
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F~~~MARY 9NN FINN hieA~irife ~
or__11~03 Jer_ sey Avenue ort erae, Florida .~J~
~,K~«,, AI.L-90![JJTS M~PCAGS, INC. , tK~~~ ~ x«~~:
wfl'NFSSETH: Io coosiderauon of che priac:pd wm uc oue ie cA~ p~o~niao~~ aocs of etea date Lere.rit6 bue;nafar ducribed, aad fae ot~
ralwbk consideraeious, cLe Mocc~on do hereb~ snat, bar~in. adl. aliae. temi~ rsleau, con~sr ~nd confum mw ldorcasaee. ia ~ncceaoa and suijo~
forsm. cbe idlu~;aa daeribed Pt+oPen~. sitwce in LL10~9 Con~q'. ~OI`~(~8 . :
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Lot 9 and the East one-half of' I.ot 10, elock 33 of a resubdivision
of Block 33 oY LA~iNW00D AD~DITI~ to Fort Pierce, Florid,a as per
Plat thereof recorded in Plat Hook 9, Page 20, of St. Lucie
County, Florida Puiblia Records.
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T6is m~caaae iccara aoc aJ~ c6e iudebudneu eridenced br c64,aoce 6ereinabo~e desciibed buc alw focnre ad~aoca, ~6e~Ler soc6 adsaocYS are
obtiaata~ or made at the opcion of cbe Uiortas~ee. a~ am made ~i~Li~ ~7@o6II ~eus from c6e daa hereof br Morc~a w l[oaaaao~r. T6e wni
indebcednas secured hcreb~ ma~ be dara+ed oc incra+ed from tia~e ca wue buc ~6e coal amounc of indebcednea at m~ ooe cime ~hall not ezoeed s mazi-
mum of PYV9 '~10118811C1 DoWrs (i ~ ) plns interac cAereon and d:sburu~ents made for ps~+aa~t of wca. leria or
insurauce m t6e propea~ abo~e dacribed ~ic6 inunn on aoch disbnaeaxnts. •
TOGETE~R pCI'H all aad dnaulu. the tmefnerau. Leredinments~and appurtemnces t6creuaw beloapn~ or w m~~ise appeccaiaina and cM .
reau, :~nes and profiu c6aoof, md al~o all b~uldioas, strnctures and a6a impto~aaats oo~ or hereaftet sitnate thaaoo. (All of the foreaoina ooasiaina
enurd~ of ral p~operc~. or mc~rdr of c6aads, or of ba6 :eal propecc~ and e6:culr, a Lersiaaf~a for con~enieace called che °aarcaased properc~.°)
TO HAVE AND ?O HOLD in fee wnple cl~e s6o~e aranced aai dacribed premaa uaco Morcaa~ee, ia soccmors u~d assi~m fo~e~a. T6e
3torcgaaors herebr conwnc wic6 Maca~ee cbat ~6e~ ue iodefas~W~ seized of aid laod in fa wopk; ~hac c6e Mataaaocs ha~e full po.er and la.fnl
r;ghc w con~e~ c6e same in fa wnpk. ss aforesaid: chac ic slull be lawfnl for Morc~ee. iu wccasocs and aui~?s. at aU ~imes pnceaW~ and qeiedr to
cnccr upon. 6dd. occup~ and mjor said l~nd aad e.err part ~haeof; c6sc said land is fra from all eocnmbrinca; c4ac che Mor~ssaon wiU make soch
furcher sssuranca w pafac che fee simple ade co said land 'w Morc6aaeq, iu succason ana a:si~~ u mar «awaaW~ be reqniced: and chat t6e Ma~t-
gaaon do 6ercb~ fallr warraat tl~e titk to said land aad trer~ patt thc~eof and will deEend c!?c ua?e aaaensc the larful clsims of aU perwn: vhomtoe~er.
. a a snbordinace odr w: Cusc morc6ase recordcd 4R ~^^k- P46~ 238 cf St _ LLr_3_e
Counqr. 0
PROVIDED ALPAYS. chst if t6e Morc ~hall. (1) Pr+7 mco ltorcga ' mmis~ory nou. esccated h~ t6an concaicead~ 6erswit6
o Three Thousand Four~mdred Fift & 00 1 L~RS cs •
chacm from dau ac cbe nce of cen pa anc (10~J6) Per annwa uncil paid, boch principnl and incemc be+nb W~abk at ~~i. WOOdCOC~C Y~
Jacksonville. ~02~f~8 a ac soc6 ocLer place as t4e hdder ma~ de~oace in nriciaa, uid priacipal aad ieucac co be parsWe ~ 35
conmua~e mouthl~ iocqllmenu of = 73.35 ach includina incaat plm a final or =1659~~ + ~j~s
incaesc, c6e ficst insullmeac w be ptid oa sh~ 5~ d~r oE ~ t9~ wi~h mcceediny~allmmu co be
due aod pa~abk ao tiro ame da~ of ach moatL t6anfut (or oa tbe lasc dar of anr snccad;na mmch .6~ch hu no sacL dar) un~il fg117 Psid and (2)
perform aU che co~rn:nts and conditions of said pmmissory nae and any renewal. e:[ension or awdif;utioa c6eceof, aa1 of t6u raortaasc. t6m t6is
, mort6aae daed aad the atat. crutod 6ercby shalt CtiSt ~I1d bt OYII 36d a-oid.
The Mortaaaon forcher covmant and aaree w and ~ich ]ltorc6aaee:
• To wr P~r~l~ ~he Pdnc:pal aod ot6er sums of monel Wlsbk by rirtoc of said promissor~ aoce and of this morcaaae.
2. To par all t!rc uus, assasmanu and encnmbranca of erery uaturc now on uid described properq. or tbat 6apfur ms~ be lc~icd a ss~esxd
chereupun. wLen dne and pa~abk. before t6e~ baome ddinqumc, and before an~ inucest acuches or aa) penalt~ is iacorrcd and pcompcl~ furnish Mort-
aaaa ~ich proof of pa~mmt c6aefo~. T'o immed'ucd7 Pa7 and diulurae any claim. lim or mcnmbraoce aaain~c ~e mores~ P~~7 wluc6 ma~ be
. o~ become mperior to ~ha mortsaae (unlas txrcia abore tpaificslly euep[ed) aad to pumit no defanlt or ddinqnmcr oa w~ lim. moccaaae, mcombnnce
eharl~ ~~rt ~ ~~6+E~ P~7•
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3. To plaee aad wutinnonsl~ tap, oa the bnildinas nov or 6ereafccr sicwce on sa~d laod. fire and acwded co~asae insurance in m amounc of
r.ot !m than the amouat ~rhic6 ma~ from time w time be specified br t6e I~ortaa6ee. in such ;nsur~ce compae~ a, ms~ be approred b~ MorcasaeG AA
insurance policia of che Mortssaoa sLall cona~n t6e u~ual!scandard moreaaace clawe mskins the bss uoder nid poiicia p~a7abk w Moresaaa u ia
'r interac may appar; aad e~eq sach polier wd all rene~als t6ereof s6a11 be pranpJr deli~ered w aod be 6eld b~ Mottas~ee, co6et6er ~it6 a raeipc for
~ che pranium therem. Moccaaace .hall h~~e c6e rghc eo adjnse w~ch ~he ;nsarer anr loss nnda anr ~c6 PdK7, aud an~ mc6 sdjnstmm~ shall be cmclusive
~ on che Morcaaaors. l~lorcpaee shaA 6a~e tbe riaht w recei~e aod colktt aU procads paid oo an~ claim under an~ a~ch polie~, co endorse tbe Moccgaori
E nama co m~ cbeck or_ aba inswment of paymmt, and w sppl~ suc6 proceeds m pa~manc of an~ smwne dne onder ~hi~ more~e and che oae ~auesd
hereby and an~ ezpmus ~ncur,sd bT a[arcaasee w procaw~a an~ elaina nnder m~ ~ueh pdie~. ldoctaa;a s6sU pa~ w t6e 1[ortsasors c6e balance of eLe
! Proceeds, if m~, remainins afcer che afonsaid dedoaion~. Upoo foreclosure of t6is moreaaae. oc oc6er uqnw~ion of ~be mortb~E~ P~K7. or mr parc
chereof. 6y che Moresaace~ said poticia s6a11 ba«oe t6e abaolnu proper~r of ~6e Morcaaaa.
1. To pa~ al! aad s~n6utar che eosu, ehar6a aud ezpmsu, inclodie~ rssionsble accorns~'~ fea if referad for cotlacioa w m ateocuq na a
sal3ried•employa of the Morcaaaee, and cosc of abscnccs of cick. incureed or psid ac an~ cime b~ Llonss`ee becanse of c6e failorc on c6e parc of che
Morc~oc~ w perform the eaoditioot and co~enanu of uid promit~or~ nou and of this mort6aae. T)x cost t6ereaf. wie6 inurat ~herooo fram tbe dace
of parmeac sc ~he ume nu as spafiied ;n ebac nae, s6a11 abo be secaeed by chis mocc~e.
f: To peemit. commic or mffa no wa:ce, imp~iemmt or detaiontim of aaid propac~ or m~ pue tbaeof. co kap and maintain che same, ioclud:oa ~
all buildin~ now or hereafcer sitnsa m nid pranius. in ~ood ooodi~ion snd rep~ir, and Proa?PV7 w make aad perfocm ac elu l~torcaaaocs' o~a espmse.
such repsia and oaiuteawu a~ Monaaaee ma~ fran cime w time reqoiz~ a[ort~ee bao~ bestb~ made t6e wk jodae of ~be natuitr ~6ecefor. pic6o~c
limicins c6e Eenaaliq of cLe foreaaaa. ~he Moccpbon s4a11 ~~+ue all ,s~ bnildio~s w 6e paincad eoc las oftm t6an ooce io e~err chra-~ar pcriod.
6. In che ereac che Moctaaaas ~haU fa~7 w ooapl~ ..ic6 m~ cossuanc in paraaraph~ 2. 3. 4 and S 6uaof, Mort~ee mar (bac s6a11 ha~e no
obliaacion w) perform suc6 co~emnc on behalf of tLe a[orcaa6ors and ~he full amount of e~er~ pafinenc aude bT l[orcaa~e in suc6 caonetitioo aLaU
bcar incaac ac c6e nu of l0 j6 per aonum fmm t6e dace ~o paid aod ~hall be secnrsd b~ c6e lien of this matpsa If 1[occEaaee thall perform m~
wren~nc oootained 'w pananp6 S, Morcasaa .dd w aKh ~r.nmc a reuoezbk fa ooc eo ~od ioog6 of ane6 y~~~c for Mort6aaee's ~ica in
arranains mch performaoca Monaa6ee shaU alw 6are che opc;on w effece fire and auaded ea?cn~e iownnce ia m amouuc wfficienc from eime w ume
co di~c6uae chis morcaa~e and che ooce saosed dereb~ md che Morep6ocs s6a11 ha~e no incera~ iu we6 iewnoce. oc6er c6an cbeir inacat ie a~c6 dis-
charae, aod the foll smoont of e~a~ pa7ment made by li(at6s~e for soc6 insaraoce ~ha11 beu inttt+at at c6e nce of 1996 per annam from tbe dste so
paid and :6all be ~ecared b~ ~e liea of c6is morcaaae.
` 7. If defsalc be made ia psrmmt w}xn doq of sny ;ndebudnas seeared haeb~. or iu perfocmaoa of an~ of liorcp6or's obliaaciaas. eo~aunu
~ or agceemenb 6ereonder: i
~
f (a) Mortsa~ee is ant6oriud at an~ t;me, wichoac aaiu, w iu wk d'acrecioa w eaur apon and take poaeaion of the premi~a or an~ p~rc
; ehaeof. w perfone ae~ uu Moctpaee dee~a~ neawt~ or proper ~o ooexr,~e the ~ecarit7 and w collac md recei~e dl nau, iuoes and pr~a cLeceof.
( includins chox puc d~e ss wdl as thaee aecruina t6erqtter. aod
~ ' 800K PAGE ~O4
~ Form ~45
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