HomeMy WebLinkAbout0724 i • ~ ` i
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4'x"7'740
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE
DUE UPON MATiJRITY IS $1.492, 000.00 TOGETHER WITH ACCRUED INTEREST,
' IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE
TERMS OF THIS MORTGAGE.
Reaiwd • In ~K Of Tetces
Dw On Class "C" httsnptale ~sreortM heperty
Pttt~susrtt To Chapter 7!. l34, Aae Of ln1.
ROQEA PQitRAA g a~
Clerk Clrcuk Court at LtroiR, Ca. Mir
STATB OF FIAIRIDA
ST. LUCIE MORTGAGE
Gonnty of
THLS >ltOaTGAGB DEBD, made the.........30th ....................dory of.......Nove~~~,,,,,,,,,,,.,,.t9..7.~. betreca
D. K. RICHARDSON, MARJORIE H. RICHARDSON, and DAVIS ENTERPRISES,
INC., a Florida corporation,
p~ oioe ~...,..."P....O..~Box..,370...-...Vero. Beachs...Florida.._32960,,,,,,,,,,,,,,,,,,,,,,,,,,,
and all other persons aoeattios this mortgage, ht:reittafttx celled "avortgsgor; ' and
STANLEY H. SCHWARTZ, TRUSTEE, whose post office address is•
8 ~"t~i7'sni"re"'~lb~., 'Suite"'733""='dos"7~rtg"e Yes, California 90024,
- hereinafter
tilled- "tnatg~goe":
WITNESSBTH, WHEElIi+AEAS, the aortgagor is justly ialebted m the mortgagee in the sum of....One,,,Million,,,
,,,Six. Hundred..Ninet~-Two Thousand Doil ars (~1 692 000.00)
..........................................................................c..........R..........................................................
pjd~~~XXXXXXXX~~ ~ ~ reed ~ y ~ same ucording to the ttrms of a certain note or
obligrtion beuing erect date beceai provi for the payment thereof in instalments, the last of which is due and
payable ..........~~il~...~~. 19....8Q -
NOW, THEREFORE, in consideation of uid indebtedness, and for the purposes of securing the payment to the
moctga~ee of the. same, and m stxure theperfocm:nce of the coveuaats and agreements hereinafter enpcessed and also
to consrderation of aae dollu in hand paid by the mortgagee, the ra+eipt e?lteroof is hereby adawwrledged, the wortgago~
has granttd, bargained, sold and coareyed unm the mortglgK. and its saocessors and auigas, the followring described teal
estate, situate in the Goun.•y of.... St ....Lucie and State of Florida,
descrrbed as folbxs:
Parcel I:
Blocks 39 through 90, inclusive, of INDRIO GROVES,
as per plat thereof recorded in Plat Book 12, page 48,
of the public records of St. Lucie County, Florida.
Parcel II:
An undivided 52/90ths interest in and to:
The NW 1/4 of the NW 1/4 of Section 25 and the SW 1/4
of the SW 1/4, the NW 1/4 of the SW 1/4 and the SW 1/4
of the NW 1/4 of Section 24, all in Township 34 South,
Range 38 East, St. Lucie County, Florida.
Said above Parcels I and II being SUBJECT TO AND TOGETHER WITH:
1. The reservations, restrictions, protective covenants
and dedications for canals, ditches, dikes and roads
as more fully set forth in the said plat of Indrio Groves.
(DESCRIPTION CONTINUED ON RIDERS AZTACfIFD AND MADE A PART HEREOF)
TO HAVE AND TO HOLD the same. together e?ith sU and singular the trnrntrntr, hereditunents and appurtenances
thereof, indudin$ sA bxtures nowr or st any bate hereafter attad~od m or usad in any svay in connection .vith the use, opera•
lion and ooarpttuin of said premises mgetlrct with sll the estate, right, title, interest, property, possession, claim and demand
alaboever as srd! m hur as is ecjutq of the said mortgagor of, in and m the same and every put thereof unm the said mort-
gagee and its wooessors and ass,gns forever. Provided always, and this mortgage is upon this express ctxNlitiun, that if
mortgagor tball pad the sole cc oWt~ion bereinbefoce tefemd to and the iadebtedness evideoca! therebq, and aU other
soma senrned this mortgagr, and ftrlly do, perform, comply with, srd abide by all the covenants and agreements of
said noEe and moetaage, then these pry shall be void, and the estate hereby led shall cease and determine, and
the moctpaee wilt tsecnte and deGvec m the aaortgagoc a suitable instnurKnt m the mortgaggourr to csuse this instru-
ment to dtstfiarged of t~oootd. It is agreed, laurtwet, that all expenses incurred in eBoding such dischuge shall be borne