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Executed the day of December, A. D. 19 79 by
MORTIMER M. WILLIAMS and MICHAEL FIORILLO,
as tenants in common,
hereinafter called the mortgagor, to
PLAZA DEVELOPMENT ASSOCIATES, a Florida General Partnership,
hereinafter called the mortgagee:
(Wherestr rued bcreia the terms "mortsaaor" sad "teatsasce" iscludc all the Partin to tAis iwatrtrmeat sad t\e ?eirs,
fetal representatives and a+u~ws of iwdividoab, asd the mcres'nra asd arias of carpoeatiows; sad the terra "sore"
includes all tle worn 6ereia descriEed it taore thaw owe.)
~t~~SSf~I, that Jor good and valuable considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants. bargains, sells, aliens, remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession •situate in St. Lucie County,
Florida. viz:
~ Lots 5 and 6, Block 1, TROPICAIRE SUBDIVISION,
' according to the Plat thereof, as recorded in
Plat Book 10, Page 6, of the Public Records of
• St. Lucie County, Florida.
THIS IS A PURCHASE MONEY THIRD BALLOON MORTGAGE.
This Mortgage is subordinate and inferior to that certain Mortgage
~ executed by Florida National Underwriters,Inc., a Florida Corporati
in favor or R. Blaine Gerrish and Sabra S. Gerrish, his wife dated
May 17,1978 and recorded in O. R. Book-288, Page 2095 of the Public
j Records of St. Lucie County, Florida in the original principal
amount of $75,000.00 and also subject to that certain Mortgage
executed by Florida National Underwriters, Inc., a Florida
Corporation in favor of First Federal Savings and Loan Association
of Fort Pierce Dated December 7, 1978 and recorded in O. R. Book
299, Page 2183 of the Public Records of St.Lucie County, Florida
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~ in the original principal-sum of $240,000.00
I E
~ 17ttS K A . BALLOON MORTGAGE, APtD THE fINA1. j;1 `V_ M_ f t~JTA K Y . S T M r : f•
' c r'EtictiU~
PAYMENT OR THE BAlt~NCE DJE l3FON MATURITY ?E`~ i _ ~ ~ I
' T^vi.ETH~R ~YITH AC- - - t ?'10 • •-y _ c. J j S Z. 4 0 ~ -
Is s 41, 600.00 oe - ,y:. Via' - j
€ CRUED INTEREST, IF ANY, AND ALL ADVANCE- _ ' ~
P MENTS MADE BY THE MORTGAGEE UNDER THE
TERMS OF THIS MORTGAGE.
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(i Any default under the terms and conditions of the above Mortgages a
Notes shall constitute a default in this Mortgage and Promissory
Note secured hereby and the Mortgagee herein may accelerate all
payments due under this Mortgage.
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hM~UMIt To Chatptgr 71. 1~/,
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~ This Instrument Prepared by: ROGdt
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` BUtiK 322 PAGE 475
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