HomeMy WebLinkAbout2706 THIS IS A BALLOON MOR'PGACE AND 'I~IE FINAL PAYMENT OR THE BAI.ANCE DUS UPON MATU-
• RITY IS ?282,000.00 , 1iOG~"I'NEA W1TH ACCRUED INTEREST, IF ANY, AND AI.I, AD-
VANCEMENTS MADE BY THE MOR'PGAGEB ~1NDER ~ TERMS OF TEIIS MORTGAGE. FUTURE
ADVANCES MAY B~ MADE AS PROVIDED FO~ ~;EREIN.~
~ S t. Luc i e ~y.
~4 ro,~.;a«~~w. ar ,~a ~~,n u;.a.~ ~.a~a.~., orRobert Chapnell, Nor:aan Purvis & Candor klosier~:•~ 1, Inc.
m. - r Sandhil l p.oa~ cna~ ~~u;~., ~,~,a~..
aod aU ad~aaces tlu~ ma! ~ W~ D7 l.toder to Bortower ~it~i~ t~ca!> >eus trm ~!t date o! tAu Aortsajt. ~it! ialerpt t4reoa (t4 tata! PrNeiMl uw~t
xcured 4rce~ aa tocaceed at an~ oee t~-~ Five Hundred Thousand ~ No/100--
Adlan S~~ U~kn~aed ?a~ ~raated. ear~awcd. wld and cm~cyed. aad 07 t?ese prtxen don ?tre?7 ~raot. Oaqaia. ~ep a~d
contt~ uuto 1,tOdt~. ib soc[tYOr~ tnd aaf~(d. lk ~o11D~lt~ dq[ta~6td 1~p~ i11 S t. Luci e
C~7. l1M1ia:
South half of section 30, Township 36 South, Range 38 East;
Excepting therefrom any riohts-of-way for public road and draina~e canal; s
Said la~d lying an.i beina in St. Lucie County, F'lorida. ~
The undersigmed, Robert Chappell, also known as Robert M. Chappell, joined by his
wife, Eleanor F. Chappell; and Norman Purvis, also known as Norman J. Purvis, joined
by his wife, Bonnie P. Purvis; and Candor Hosiery Mill, Inc, , a:Vorth Carolina corpora-
tion authorized to do business in the State of Florida, hereby certify that they are the ;
owners of the above-described property. and are executing this mortgage for the '
purpose herein expressed. and that the above stated wives, who do not own any interest
in the above real estat~ are joining in this mortgage to release any dower rights that
they might have in the above-described premises insofar as this mortgage is concerned,
$423. 00 State Documentary Stamps affixed to original note and cancelled, -
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en~ethet wit6 a11 aod sin~ulu t6e tteemcnts. Sereditasenp, ~ad apportenaacea t6creanw bcto~ia~ or ~n annri~e appertainit~, aod t1e reab, iwoa aad ~eib
e6ereof ^
A defa~lt onder t6n ~astrumcnt or nodcr an~ dhcr instrnmcnt heretofor- or kreaftcr e=ecutcd b~ Borrower to Iander s6a11 at tk optiaa of Leoder
..,nsticutc a default under anY one nr mure, or all imtrumen4 eucuted b~ Borrower to Lender.
TO HAYE A~D 7'U HOI,D [ie pid propettr anto Lender, iq sncceswrs and assisns, ia (ee simple fore~er.
Tbis mrt~aje is exccuted yursuant to Sectiao 697.0~ Fbrida Statutrcs, a amcnded, to sccure a~ricultural loan~ and loam of an~ ot~er c4raeter.
Tbu mortaa~e s6a11 alw seeure all disM~rxmen4 tYat ray be made b~ Lender ior tues kriea. or imurance on t4 propert~ ieteio descriDed. ~itY iattrdt
eherco~. T6e I~en o( ea~a mort=a~e shalt nat be urminatrd or otbenrise aNccted dnriaj a yeriud o( twent. y~ars (raes ~4 date 6ereot 6~ rcya~seat i~ fdl. a~e ~
or more times, of ali indebtednets tAen oubtandio= unka~ tLis mortja~e alall be formally rclcased ot d~sc6ar~ed of record: Prooilt~, Aomtoer, tltt ii at aa~
i~me dvnn~ twent> >ean fras t!e date of tbis oort~a~e there be oo iodebtalocsa outsqndio~ of Barrowrr to Leoder, and no oblisatiou of I.eoder to ~altt aa~
furtber adrances to Borroner, Lender will, ayon ~riteco reqoest ot Usdersi~oed, e:ecuce aad delirer to Underai~oed a satisfactioo of tLis aaortia~e. 1tie enati~
~ndcWednesa and all advaoces tbat may 6c made 6ereunder ue. aad will De. mdenccd E~ aan. a11 uf whic\ are 6ereb~ ezprwt~ oade a yart of tiis ~orqase.
The provu:ons, eerms, co~enanta, coodi!ions, oWi~atiaos, powen and whcr contents aet fort6 ~a $e~doo B, e=cept pua~taph 11, and Seetioa C ia Wt
elank or llaster Form of Hort~a~e Na 7 o Sandhill p~~~ C~~ ~u~~ ;
a copy of which is attache hereto an m e a part ereo ,
r.~. ~ . ,
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EXECUI'ED. SEALED AND DELIVERED, thi• 9 da~ of '~a~ , 1972 ,
TNIS IS A BALLOON AtORTGAGE AND THE FINAL PAl'?1tENT OR THE BALANCE DLTE UYON :4iATU-
RITY IS , TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL AD-
~'AtiCEr1F.NTS ~tADE BY THE ~tORTGAGEE UTDER THE TERltilS OF THIS MORTGAGE. FUTURE
; ADYANCES ~iAY BE !?tADE AS PROVIDED FOR HEItEIN.~
~i~ned. :ieakd and Del~vered ia the prexnce of f~/ (L S.)
- r ' f'~ ~ `r`'~,~, ~ ~ ~~Y~w+RJI (L s.)
CGLls~ct ~T 4~?a f 1/ ~~~~~i~~~~ a.~ r~ (L S.)
Ca o s' Inc. ' ~
~y; (3 ~~C : ~..c o _ ~ , ~..L cr-~~~~;,~ cL s.)
IRt~s~t- ~ 1~1.4_ ' - ~
~
ACKNOWLEDGMENT FOR INDIVIDUALS
North Carolina, Moore C,ounty, and
I HEREBY CERTIF\', ehat oo ehis datc, 6eforc me, tbe aafenisned o~cer, Robert Chappell~ R,leano~'~~,~ ~~1~p@~1~ ,11~ `
, ; `i ~i~ ; wife; 3
'.•,-•;`8A pt1CV~F 3[llj ROCI[l~e p. Purvis, hiS W~il~ kr.owrn to me to Ae the iod~~~d~al(s) described a~d w6o e~edrtrf`~?e~!~~~~~!
°`q°'n~ •
:nstrum~rst. an~! arknosledjed tlut thev e=ee~ted t!c sase treet~ and rdoetarit~ tor tie oarpo~e~ twet~i~ ~ew/4• ' ' • -
-.,L. ~ ;
1KITNESS sf Aand a~d o~iual scal. tW 9 4f ~t ' i
~ ~ l~ ~ /,la~ « •r-~i--~,
y commission E~ires: Nov. 5, 1974 'i<<
r"-~••,, ~ ,
This instrument prepared by ` ` ~ '
~S~~L~ Gaither Edwards °car bl ~'t ~„r~~
ResrTC p. O, Box 247 t.r. fcw-.ss
Re~. bIS-61
Carthage, N. C. 28327
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