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HomeMy WebLinkAbout0522 _ _ . . . : . _ , This is a Balloon aortgage and the final payment aith Qie balance due upon . maturity is $5,489.50 together with accrued interest if any and all advanc~- ments made by the mortgagee under the terms of this mortgage. . / FIRST FEDERA~ SAVINGS AND LOAN ASSOC114t10N ~ ' OF FORT PIERCE ~~~~5 OORRB~C'TIV~ MORTGAC~ MORTGAGE Loa n~ 02- 23036112 . . 3~St . ~.....~K~~~.. ~ : ~us ~o~ag u ~ 19?.~. . bstw~sea the Mor~ge~or. .RRk~'H. ~r. ..II~N ~I`~~iS. .~d ..IR/~N6~T.E..B....JF~LIIYINGS, . bis..~ti~e.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (hersin "Hosrowa~. and the Mo~a~ea. FIRST FSDSRAL 3AVII~I(3,8 AND IAAN A.Sl30CUTION OF FOAT PISACg. a oorporation os~a~aised end ezi~tin~ nnder the law~ of We United State~. whoee address i~ 100 Soum Seoond Sh~eel. Fort Piero0.l~lorids 33450 (herein "I.eade~~. - i VU HsRges , Borrower i~ indebt~ed to Lender in the principal sum of ..T 6N T HOU SEW D AND NO / 100- ~ - - - - - - - - - - ~ - - - - - - - - - - (10 ~ U00 r QU . Dollt~rs, which indebtednes~•is evidenoed by Borrower's note dated ....At~9U.$~. ~~.,..~Q7.$............ (herein "Note'7. Pi'ovidiug for moathl,y installmeat~ of pcincipel and i intereat~ witb the balanoe of the indebt~edness, if not sooner paid. dne and payaWe on ~ ~ Septembgr , 10,..198~ ; : To 3gCtt~tBt~o Lender (s) the repaiyment of the indebt~edness evidenoed by the Note, with interest thareon, the pavm~t of all othec snm~. with inte~rest tbeceon. advanoed in aooordanoe hereaith to pzoted the ~ec~rity of this Ma~tgage~ and the Y P~fonnanoe ~f the ooveaaata and egreemenb of Borro~ver herain oontained. and (b) the repaymeat oi any fatnre advances, i with int~e+est thereon. made to Barro~ver by I.~ddr pnrsuaat to paragrapb 21 hereof (hee~+n "P'ntare Advance~'~, Borrowe! does hereby mort8ag~ 6rant and oonveq •to I.eader the following •described pt+opeiiy locsted in t6e Connty of. . . . . . . . .St . . Luc i,e . . . . . . . . . . . . . . . . . . . 3tate of Florida Lots 16 and 17, Blocl: 29, IAKEI~OD PARK, UNIT ,~4, according to the plat there- ` of on file in Plat Book 11, on page 2, public records of St. Lucie :ounty; ~ Florida.~ : ~ By agreement of Mortgagor and Plortgagee on file with the Mortgagee, the ~ within mortgage secures not only an existing indet~tedness, but also ADVANCfiS ~ to be HER6AFTER made by Mortgagee to blortgagor, the aggregateof Wich will ~ equal the principal a~nount specified in the promissory note secured hereby. _ ~ This is a correct.ive mortgage designed to~add the balloon clause as opposed ; ta~that certain mortgage dated August 31, 1978 and recorded in O. H. Ba~c ~ 293, on page 2204-, of the public records of St. Lucie County, Florida, and ~ upon which intangibletax has been paid as evidenced by receipt 1~'0. 434988. ~ ? I ~ - ~ ~ ~ ~ - G < j ~ _ - ~.°°r~a ~ ~ ~K aT.~.. ; P~su~am~ To 6'1!iqbi~ PIM.orr~ Proo.Rr, _ ? ~ Ch~Ot~r 71. 1~4, Aqs Of 1571. ; ~ ~ ~ ~ Porrw?s ~ . t~d.` a°`' Y ~ _ ~ t k ~ ~ Fort Pierce Boulevard Rort Pierce,Fla. 33450 ~ w}uch has the addrees of . ~ t~=..y tav~ r ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . (ha+ein "Property Addrees"); ~ (se.~..ne ~ coaa ~ ~ Toc3eTHERwith all the improvements now or hereaftet erecled on the property. and all easements. rights, eppurteaancea. 's rente. royalties, onineral, oil and gaa rights and pro5te. water, water righta. and water stocl~, and all 5zturee now or hereafter r ~ attached to We pmperty, all of which, inclnding replacements and ~dditions thereto, ahall be deemed to be and remain a part of ` the property vovered by thie.Mortgag~ and all of the foregoing, together with said property (or the leasehold eatate if this s ~ MoTtgage is on a leasehold) are herein referred to as the "Property." ~ ~ ' t Borrower oovenanta that 8orrower is lawfiilly eeized af the eatate hereby oonveyed and has the right to mortgege, grant and ~ oonvey the Property. that the Pmperty ia unencumbered, and that Borrovrer will warrant and defend generally the title to the ~ property againat aU claima and demands, eub~ec~ to any declaraaons, eaeements or restrictions liated in a echedule of ~ c ezceptiona to coverage in any title iAaurance policy ineuring Lender'a intereat in the Property. ~ fi A - ~ F'LORIDA - 1 T~O 4 FAM~~Y-6/75-~M~?/t~i~.MC ~ooK 295 ~CE 521 INDlVIDUAL - - . - _ _ ~ _ _ , . _ : - ~ Y~_ ,a ~ . . - .