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HomeMy WebLinkAbout0119 _ ' - ' - . ~ a • ~ ~ a~rE ~-~n~~~ ~c. ~ . 'li3C_lJMElJ/tin' - ST~~M~. ~ :~t1'i.:~~ kkvLNir~ : - ~3~VI~/V ~ . YE. " ".t 1 !•I~ -~;!s~:, " ~ - ~:~:~,.;_o75oi 1 ~ - ~ - i SECOND MORTGAGE DEE~ THI3 MORTGAGE, executed thu .29~~'1... dny ot . ~rC~t . . . . . . . . . . . . . . . . . . A.D., 197~. by i i Joseph C. Balchunas ~ idarie A. Balchunas ~ hereinat[er called the Mortgagor. which term shall ioclude ainsular or plun+l, carporation or individual, and eithe~ sex, and shall include the heits, legal representatives, su~reaeon, and assigns ot the MorlgUgor, to AMERICAN BANK OF MARTIN OOUNTY. u State banking corpomtion organized aoci e:istins under the IAN'S of Flo~ida with ita princi~wl place ot business in Martin County. Florida. hereinafter called the MortRugee, which tenn ahall inrlude the su~ressora and nasigoa ot the ' said Mortgagee. WITNE3SETH THAT, WHEREAS, the Mortgagor has received a loun trom the Mortg:~gee and is juatly indebted to the Mortgngee. which indebtednese is hereby acknowleclged and is evidenced by a ce~lain promissory note, a copy of which haa been awrked "E:hibit A" and atlached hereto and the proviaions o[ seid note are by reference made a part o[ this instrument. ~ • a NOW THI3 MORTGAGE WITNESSETH, thal the suid Mortgagor tor the better securing of the several ? sums of money mentioned in the aaid note does hereby grsint, hnrgain, sell, alien, remise, release. convey and conRrm unto the said Mortgage~-in fee simple for~er. the following described land, ot which ssiid Mortgagor is now seized and posxaaed and in actual poeaession ' " aituate. lying and be~ng in. ....$.t . LL1C '1@. County. State of Florida, and more particularly described as tollowa: s Lot 15,Block 62, RIVER PARK, UNIT SEVEN, i according to the Plat thereof, as recorded ~ ~ ~ p in Plat Book 12, Pages 41 and 41-A, of the ~ ~ j 7~ Public Records of St. Lucie County,.Florida ~ d ~ A$~ SUBJECT TO restrictions, easements and ~ ~ b' , zoning of record, and x ~ ~ ~ , ,Sg SUBJECT TO mortgage to Citizens Federal i ~ ~j Savings and Loan Association of St. Lucie ~ County, filed in 0. R. Book 204, Page 1490, ~ 3 of the Public Records of St. Lucie County, ; ~ ~ Florida, which mortgage grantees assume ; ~ ~ and agree to pay according to its terms. ; ~ ~ This is a Second Mortgage and is only inferior - ~ 4 to that First Mortgage recorded in O.R. Book s # 204 Page 1490 of the Public records of St. Lucie ~ County, Florida. - i TO('ETHER WITH all and aingulnr the tenementa, heriditamenls and ~ppurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and hereafter on said land and all 6xtures attached ~ thereto, together with all tenta, isaues and rofita accruin trom said p g premises and all gas, steam, electric, water, plumb- j ing, lighting, ventilating, heating and cooling syatems, which now are or may be in or on said premisea though they { be detached or detachable, including but not limited to all rnfrigerators, stovea, ovens, appliances and carpefs and all F additions, replacements and increase thereof herea[ter acquired or located on the said premises, and all attachments and parta thereot, and any additions, extensiona or bettermenta of, in or to the buildinga now or hereafter erected on ; the said premises. € TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee, in [ee ; ~ simple forever. c ~ AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows: ~ 1. That the Mortgagor is tawfully aeized ot the above described premisea in tee simple and has good right to sell and ~ ~ ninvey the same to the Mortgagee: that the aaid premiaes ace [ree at?d discharged o( and [rom all taxes, tax tiUea or ~ E certi6cates, judgmenta, mechanica' liena and encumbrances of any nature or kind whataoever and that the 1Nortgagor # ! will fully warrant and defend the aame to the Mortgagee, against the lawful claims and demanda of all persons whom- ~ ~ soever, and will make such further aaeurancea to periect fee aimple title to said land, in the Mortgagee, as may reason- ably be required, and will pay the several sutns ot money agreed in the said note to be paid and all inatallmenta of prin- q t cipa) and intereat thereon promptly when due, and according to the true tenor and effect of the said note. K = 2. That the Mortgagor will pay atl and aingular the ta:es, assesaments, levies, and encumbrances of every nature on G the above deacribed property, and upon this mortgage and note, ot the money secured thereby, before delinquency thereof s and receipte evidencing payment of said la:ee, assessmenta, levies and encumbrancea shall be depoaited with the biort- ~ gagee on or before March lst of each sucreedi~6 year during the term of this mortgage; and if same be not promptly paid when due, the Mortgagee may (without obligation to do so) pay the aame, or become purchaser of any lawtul evi- ~ - dence thereot, or certi8cate there[or, without waiving or a8ecting any right hereunder and in thia mortgage, or the said ' ` note which thia mortgage securea: and such paymenta or expenditurea eo made ahall bear interest (rom the date thereo[ ' ' at the higheat legal rate. • 3. That the Mortgagor will keep all real and peraonal property now or herea(ter encumbered by the lien of this i • mortgage insured aa may be required from time lo time by the Mortgagee againat loas by fire, windstorm and other hazards, casualties and contingencies for such periods and tor not lesn than such amounls aa may be required by the ~ ~ Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by ~ ; the Mortgagee are expreasive of only the minimum amounte for which said insurance ahall be written and it shall be ~ incumbent upon the Mortgagor to maintain such additionat insurance as may be necessary to meet and comply fully w~ith ~ all co-insurance requirements contained in said policies to the end that said Mortg~gor is not a co-insuror thereunder. ~ ~ Insurance shall be written by a company or companies approved by the Mortgagee and all ~wliciea and renevvals thereof ; ' ahnll be held by the Mortgagee. All deta~iled designationa by ,tbe Mortqagor which are accepted by the Mortgagee nnd i ; g00!? JtJ~ ?ACE ~~9 ~ ~ ~ ~ ~ z ~.._FZ r ~ ~ ~ ; ~ ~ .``-J . _ "