HomeMy WebLinkAbout0300 469385 ~ 3
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Prepared by Robert E. Bradley,
Attorney fir Small Business
MORTGAGE Administration.
17,is anortiap aside gad entett+ed into tbla /O dad o~ c t. Et ~ t l~
19 79 , by and betweea Nabeel A Shaaban
(hereinafter referred to as mortgagor) and the Adminirtrator of the Small Bosiness Administration, an agency of the
Government of the Utlited States of America (hereinafter referred to aw mortga6ee), who maintain an oboe and
p~~~~•t2222 Ponce DeLeon B1 vd. , Coral Gables, FL 33134 .
prttr~ssttat. that for the consideration hereinafter dated, receipt of which is hetneby acttnovrledged, the
mortgagor deer heeeby mortgage, sell, Rraat, asai6o. and convey nnto the mortgagee, hies wooesaora and assigns, all
of the toUowiag described property aitaated gad being is the Counq of S t . L U C i e
stateot Florida, To Wit:
Lot 1, Block 277, PORT ST. LUCIE, SECTION
TWENTY-FOUR, according to the Plat thereof
as recorded in Plat Book 13, page 31 of the
Public Records of St. Lucie County, Florida.
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RECI?IYED =r.L.lL=- ~ PA"MI:MT CF TAXR
08F 1K CUtSS 'C ItITAltG'Sif PERSOt~?~l PRflPEiTY,
Ptl~SUNtT TO CiU1PTER 71•:~4, ACiS of p]l.
q ~ A06ER PGITitAS
a , t~ ngcaT cotutT, aT. wctE co. ~ .
"It is hereby agreed between the parties hereto that if the
mortgagor, subsequent to the deste of this mortgage, conveys,
contracts or attempts to sell the above described mortgaged
property in any manner whatsoever while said property is mort-
E gaged to the mortgagee and without the written consent of the
mortgagee then, and in such event, the whole sum of principal
and interest of the debt secured by this mortgage shall at the
~ option of the mortgagee become immediatley due and payable and
this mortgage may be foreclosedat once if the debt is not paid
in full,"
Together with and including all buildings, al! fixtures inclnding but not limited to all plumbing, heating, light-
ing, ventilating, refrigerating. incinerating, air conditioning apparatu!i, and elevators (the mortgagor hereby
i declaring that it is intended that the items herein enumerated shall be deemed to have been permanently in-
.tailed as part of the realty), and all improvements now or hereafter existing thereon; the hereditaments and
appurtenances and all other ri; his thereunto belonging, or in anywise appertaining, and the reversion and re-
ver.ions, remainder and remainder, all rights of redemption, and the rents, issues, and profits of the above
described property (provided, however, that the mortgagor shall be entitled io the possession of said property
~ and to collect and retain the rents, issues, and proSts until default hereunder). To have and to hold the same
' unto the mortgagee and the successors in interest of the mortgagee forever in fee simple of such other estate.
~ if any, as is stated herein.
s
Tae mortgagor coveaanta that he is lawfully seised and possessed of and has the right to sell and convey said
property: that the same is [ree from all encumbrancd ezcept as hereinabove recited; and that he hereby binds
himself gad his successor in interest to warrant and de[ead the title aforesaid thereto and every part thertiof against
the claims of all persons who~otsoever.
This instrument is given to secure the payment of a promissory note dated
~ in the principal sum of s 8, 6 00.0 0 .signed by N a b e e l A S h d d b d rr
it~4tekeik~x
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