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Home My WebLink About1104 - _ ~ ,,,tl,,, Q'7`74'78 ~ ~ BdIIICS BALLOON MORTGAGE ~~r1N~~ MORTGAGE THIS MORTGAGE, executed this 19th ~y of February tg 80 at Fort Pierce Florida ~ Marvin M. DeBolt and Carol DeBolt, hie wife , of the firot part. hereinafter called tM Morlgagor, which term as used herein in awry instance shall include the Mortgagor's heirs. executors. administrators. ~uCCesaOrs. legal representatives and assigns. including sQ wbsequent grantees. either voluntary by act Ot tfle parties Or imoluntary by operation of law. and snap denote the sing t~,r and/or plural, and tIN masculine and/or feminine. and natural and/a srtificist psrsora, whenever and wherever the context so ro- Quires or admits. to First National Bank of Ft. Pierce a banking association, of the second pert. hereinafter called the Mortgages. walich term as used herein in every instance shall include the Mortgagee's successoro. legal reprssentatiws and assigns. including all wbsequent assignees. either voluntary by act of the parlies a involuntary by operation of law, WITNESSETH: THAT Mr-divers good and veluable considerations. and also to secure the payment of the aggregate wm of money named in the promissory note of even date herewith, hereinafter mentioned. together with interest thereon. and all other wms of money secured hereby as hereinafter provided. the Mortgagor doss grant. bargain, sell, alien, romiss. release. convey and confirm unto the Mortgagee. in fee simple. - fA) the following land: (SEB ATTACKED) - ~ L - ~ ~ % M P~~ p~ TAM AT F r~ a `!~l1MEN':Ak1"i= SY11MF•Lf•.1 c~~ [+tvaafut ~ - Recstved s P°fp1t~~~~ .g _ ._~2e•ao 7 5 i a o~ c~ess~ch,~s~.~°"'°~' -Y,~` - -a _ _ ~ PucausM?o . CMS 3 ~ P~ o •1 ~ ,L*KY L mot! ~ v .f N y. .w /Cats 9 10~ !B) All buikfirsgs. structuros, and improvements of every naturo whatsoever now or hereafter situated on the said property. and aN furniture, furnishings.. 'i fxtures. machinery. equipment. inventory and materials on site. and personal property of every nature whatsoever now Or hereaher owned by the Mort- gagor and located in. on. or used or intended to be used in connection with or with the operation of said property, buildings. structures or other improve- ' marts. including all extensions. additions. improvements, betterments. renewals and replacements to any of the foregoing: and all of the right. title and interest of the Mortgagor in any such personal property-or fixtures wbject to a cor?diUOnal sales contract. chattel mortgage or similar ben or claim together with the benefit of any deposits Or payments now Or hereafter made by the mortgagor or on its behalf. I~ Together with all and singular the tenements, hsrsditsments, easements and appurtenances thereunto belonging, or in arty wise appertaining, and the f rents. iswes, and profits thereof. end also all the estatd, right. title. interest end all dairrts and demands whatsoever, as well in law as in equity, of said f Mortgagor in and to the same, end every pert and parosl thereof, and abo specifically but not by way of limitation all gas and electric fixtures, radiators. I heaters. water pumps, air conditioning equipment, machinery, boilers, ranges. elevators and motors. bath tubs, sinks, water ebsets. water basins, pipes. faucets. and other plumbing and heating fixtures, mantels, refrigerating plants and ice boxes, window screens. screen doors, venetian blinds. cornices. storm shutters and awnings. which are now or may hereafter pertain to or bs used with. in or on said premises, even though they be detached or detachable, are and shall be deemed to be fixtures and accessories to the heehold and a part of the realty. TO HAVE AND TO HOLD the same. together with the tenements, hereditaments and appurtenances thereunto bekxtging, and the rents, issues and profits thereof, unto the said Mortgagee. The said Mortgagor hereby covenants with the said Mortgagee that the said Mortgagor is indefeasibly seized with the absolute and fee simple title to said property. and has full power and lawful authority to sell, oomrsy. tronsfsr and mortgage the same: that it shall be lawful at any time hereafter for the Mortgagee to peaceably and quietly enter upon, have. hold and enjoy said property, and awry part thereof: that said property is free and discharged from all t ~+Qrts. encumbrances and claims of arty kind. including taxes and assessments, except those that may bs set out show or hereinafter, that the Mortgagor will r#:ake at Mortgagor's expense and et no expense to Mortgages wch other and further assurances to perfect the fee simple title to said lend, factures and per- sona! properly in the Mortgages as may hereafter bs required; end that the Mortgagor hereby fully warrants unto the Morlgsgss the title to said property and wit! defend the same against the lawful claims and demands of all persons whomsoever. NOW. THEREFORE. -the conditions of this mortgage are wch that if the Mortgagor shall well and truly pay unto the Mortgagee the +ndebtedness evidenced by that certain promissory note of oven date herewith, made by the Mortgagor and payable to the Mortgagee in the principal sum of FIFTY ZWO THOUSAND FIVE HUNDRED AND NO/100------------- !s 52,500.00 1, the final ~ payment of which is due on March S, 1985 ,together with any Hots or notes hereafter executed by the Mortgagor hereinby and in accordance with paragraph soctssn o/ this mortgage as hereinafter set forth and secured by the lien of this mortgage, together with interest as therein stated. and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants contained and set forth in r this mortgage and in the promissory note set:ured hereby, then this mortgage and the estate hereby cleated shay cease and be null end void AND, the Morlgagor does hereby covenant and agree: ! ` 1. To perform, comply with and abide by each and every the stipulations, agreements. conditions and covenants contairii9d and set forth in said promissory note or notes. this mortgage and, if applicable. the ksan agreement between the Mortgagee and Mortgagor. i 2. To pay the irtdsbtedness secured by this instrument and according to the true tenor and effect of the promissory note hereinabow mentioned or of any renewal thereof, promptly on the day or days tM same sswrolly become due. 3. To pay. beforo becomirp delinquent, all oblpations, encumbrances, taxes, assessments, paving, sidewalk, sanitary and other assessments, levies or Dens, now or hereafter levied or imposed upon or against the mortgaged properly, and to exhibit to the Mortgagee before such taxes, assessments. I+ens and encumbrances become delinquent the official receipts for payment thereof. and if the same or any part thereof be not paid before becoming delinquent the Mortgagee may at any tins pay the Sams with accrued interest and charges. if any, without waiving or affecting Mortgagee's option to forecbse this mortgage, or arty right hsreurdsr, and every payment ~ made shall bear interest from the date thereof at the highest rats authorized by law and all wch payments with iMersst shall be secured by the lien hereof. x sMTC:-i~ fiinst M osasa.ois ~ t 80~~~?V PAGE~,~,~ 1