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HomeMy WebLinkAbout2324 i a?~d shnll pi~?Jorn~. ~•omply u~i~h a~id abide by each and e~~ery Il~e apre~ments. slipulation's. conditions and ~•„~~~nunts th~nti,J. ~~nd oJ il~i. rnorl~~ntle. fi~~n Ihis mart~~~~• and fhe esfate hereby c~rotet~, sha~~ cease. de- I~nnin~ an~l 1?~ nujl au~l ~~ui~l. ~in~ f~~~• murl~~a~~or ~~i•n•~~y ~ur1l~~r i•o~~~?~a~~fs anc~ agrni~s fo pay prumplly u~hen ~~ue fJ~P p~ir~cipal an~ i?~li~msl amI ofl~~r .~uns oJ mom•v pmvi~~~~~~ (or in sni~~ nole ancr fhis morfgane. or eii{~er, !o pay a~~ and si?~r~u~nr 1~~r Irtx~s. ~~ssi•ssm~~nis. Ii~nii~s. ~ia~,i~ili~s, o~,Ii~~alions. anc~ ~ncumRmni-es o~ ei~ery nature on said pro- p~rlv: to pi~rmiL ~~ummif or su(j~v i~a u~nsfi~, impairmenl ur clef~riorafion o~ saic~ ~ane~ or Ihe improvemenfs t~~~~m~•r~ ~I n~~y limr: fo R~•rp f~~~~ ~~ui~r~in~~s nou~ or ~u•rna~l~r un sai~~ ~~n~~ ~u~~y insur~~I i~~ a sum o~ nof ~ess Ten Thousand Dollars ($10, 000. 00) 111 11 CADI/)AII~ O~ 1•0I11/~A/IIPS tll'C[•~)~fl~)~P ~O ~~I~' moNgag~~. ~~iP policy or polic•ies ~O ~)P ~1P~1~ hy, and paya6le fo, s~itl morl~~ag~~~, a?uI ~n f~i~ rrrnf ~ny sum o~ money ~~comps ~ay~6lp ~?y i~irfue o~ stich insurance 1{~p nu~r/pa~i~~~~ s~rn~~ ~iar~ f~u~ ri~~~~l fu r~i•~i~~~ nn~I apply II~P samp fo fl~e inclehfeclness I~ere6y secured. accounfing fo 1~~~ morfqa~or (or qn~ snrplus; b pay i•usfs, .~~n~~s, an~~ pXQP?ISPS. incluclin~ IawyPr s rPP3 anc~ til~e ~Par~~~os. r~~a.ona~?~y irirurr~~~ ur pui~~ hy 1~~~• ntorff~a~~~e (7PCAilSP o~ I~ie fai~ure o~ fhe mort{~a~o~ fo prompt~y nn~ ju~~y ~•ou~p~v u~il~~ f~~r a~~rc~em~•nis, slipulafions, ronc~ilions ancl coi~enanfs oJ sai~~ nofe an~ f~~is mortgage. or ~il~~er; lo pNrjorm, ~~omp~y u~il~~ qn~~ A~i~~e ~~y ~ach anc~ ~very IhP agreemer~fs, sfipu~ations, conc~ifions and , ~•oi•~~~~anfs ce! ~orf~~ in sai~~ nut~ an~ t~~is mort~~t~e or eilher. In I~~r NI~PR~ I~P mortgagor ~ai~s fo pay u~tien c~~u• any ta.r, assescmi•nl, insuranc•~ premium or olh~r sum o( money payahlp {~y i~irlue oj sai~ note anc~ 1{~is nu~rl~~n~~~, or ril~~er, f/ir morf~~nn~~ moy pny ItiP sam~. ioithoul iocii~~in~ or a(~ecfin~ f~e opfion fo jorec~ose or ar~p ollu~r ri~il~f {~~>r~r~r~~~r. ~n~l al1 surh payme~ts shnll 6ear inl~r~sf /rom datp therpof af the l~igl~PSt ~aw ~n~ rol~~ l~u~n a~~uu~e~~ ~~p f~~~ ~au,s o~ 1~~~ Stafe o~ ~'~ori~a. DL any s~~m o~ moi~~v I~~r~in re(~~rr~t~ lo I~p nol prompfly p~i~ withi?t 3~ ~ays nexf afler fli,• sum~ b~c-om~s ~lu~•, or e~ PACII and ~~~~ry Il~e a~~reements, stipulalions. conclifions an~l co~~enanls of sai~1 ne.(r ~ui~ f~~is murl~~a~~~~. ur ~if~~~r. are nof Ju~~y p~rJorniecl. compliec~ wi!{~ anc~ a~~i~~~~ hy. lf~en f~e enlirp sum mPnfion~d in said nof~~, and Ihis mort~~ay~, or the entim 6alance unpaid 1{~preon, sl~a~l (ort{~u~ith or • 1{~pr~ajter, af f~~~ opfion oJ 1~~~ morf~n~~e~, I~rc-om~ an~ d~,p a~d ~~ya61p, anyf/~infl in sai~ note or herein ~ to Ihc• rontrary nol~oif~~stanc~ing. /=ui~ur~ i~e mort~nq~~ to ~xercise any o~ fhe ri~Rts or options ~erei~ proi~idc~cl s{~~~~ nol conslilule a~v~i~~or o( nny ri~~hfs or opfions uncrer sai~~ nole or fhis morfgage accrupi~ or I~~~r~ajl~r n~•~•ruin~~. ~n ~itness ~hereof~ f~u• sni~l morl,ry~yor ~~~s I~rrnunfo si~~nerl anc~ SPAIPtr fhese presenfs fhP rluy and y~nr (irs~ a6o~~~~ n~rit~~n. THIS IS A BALLOON MORTGAGE 1~ND THE FINAL PAYMENT OR THE BAL CE DUE UPO URITY S TOGETHER WITH ACCRUED I ST, ' npd ~ u r~ ~ th~ p o: IF ~ ALL AD CENIEIVTS E BY T MORTG~EE UNDER~~TERMS' TH~?,$ M~t GE. - /v-.---~~' . ---~-~.a-~-~ . . . - _ - • L ' ne1 E . Wat~n - - - . . . ! .~X--~st~ = ; - - - ~ 5,~~---- Frances A. Watson - - - ~ - - - - i - . . _ ~ ~ t ~ { i j ~ i~ STATE OF FLORID:~, ~ cc~~-~~TV c~F ST. LUCIE I IIF.REBY CF.RTIFY that on ~his day~ be(ore me, a.~ uffir~r duh• authori~cd in the State aforesaid and in the County afon•said to tak~ acknowledQmrnts, personally apptarcd Lionel E. Watson and Frances A. Watson, his wife, i I to mr knoM~n to Fx~ th~ p~•rsonS des~ribed in and who ececuted the (or~¢oin¢ instrument and they acknowledqed : I Ix~fom rn~ that they ex~cuted the same. ~ i \~'17 \ S my hand and o(ti~ial scal in th~• (:ounty and Statr last afor~said this i ~ ! Q~~~~ D. 197 Z . ' ~ ~ ~ , , , . r~~~,( " • C~' ~ , . ~ - { • y I~":~ - - - _ , . . - - : ,L_ . ,k , . ? , ~ . ~ ~ : ~ ,(,i't f ~ j : . ' = ry, NOTARY PU3LIC. STRTE OF DA AT LJIR6E ~ ~ - : _ f~fY °OMt+e~~~•~~~ EXPIRES APR, 15, 1 ~ : N. ~ V ' BO~iDED IHROU(iM FRED W. DIESTELiIORST ~ ~ a ~ ~ F:QpiC* ~ ~r ~ , ~ ~ . f ILf 4 AMD hEM~Y ~L~~ ~ , it. LUC1E ~~U • ~ FtOCE~ +'OITftA~ ~ ~ U k ; ~LfRK L'~~CU~T COU~T ~ ~ ~~(20~ ~~F~~ RECOR'J VER~f1E0 ~ Oc~ 31 11 a3 ~M'1Z ~ ~ , ~ ~ I%rs l~~fin~n~f,ri pr~ pon hy: L. A. 0 Laughl in , Jr . ~ f~~~,~ P. 0. Box 3405 ~41016 ~ 207 South Second Street § i, Fort Pierce, Florida 33450 - - - ~ - ~ ~ ~ ~ ~ -~~G.~,~ - y--~, _