HomeMy WebLinkAbout1953 THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON
MATURITY IS $21,728.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE HY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. l
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TNIS MORTGAGE DEED, made and executed the_l.te-day of ~A ~ 80 ,
by _ JOSEPH P. PASSANANTE and CAMILLE PASSANANTE, his wife
hereinafter called the Mortgagor, which term shall include the heirs, legal representatives, successors and assigns of the said
Mortgagor, wherever the context so requires or admits.
to FIRST NATIONAL BANK AND TRUST COMPANY OF STUART, Stuart, Florida a National Banking Association,
hereinafter called the Mortgagee, which term shall include the heirs, legal representatives, successors and assigns of the said
Mortgagee wherever the context so requires or admits.
WITNESSETH: That for divers good and valuable considerations, and also in cc,nsidrration of the aggregate sum named
in the promissory note hereinafter described, the slid Mortgagor does hereby grant, bargain, sell, alien, remise, rclrase, convey
and confirm unto the said I1lortgagre, his heirs, succesurs and assigns, all the certain piece ,parcel
or traet_ of land, of which said \lortgagor is now seized and possessed and in actual possession, situate in the County
of St • Lucie and State of Florida, described as follows:
A Condominium Parcel designated as Unit 625 of SAND _
DOLLAR VILLAS CONDOMINIUM A according to the
Declaration of Condominium thereof recorded in O.
R. Book 324 at Page 1952, St. Lucie County, Florida,
Public Records.
Mortgagor expressly agrees to comply with each and every provision of
the Declaration of Condominium and all amendments thereto of which the
instant unit is apart. This includes the provision of the Articles
of Incorporation of the Condominium Association, together with the
provision of the Condominium Association's By-Laws, and includes, if
applicable, the provision of the long term lease, if any. In the event
of default on the part of mortgagor in any one or more of the provisions
of the aforesaid agreements, mortgagee may, at mortgagee's option, de-
Clare the default on any of the aforesaid agreements mentioned in this
~ instant article, to be a default under the provisions of this instant
~ mortgage, and may further, at mortgagee's sole option, accelerate the
indebtedness due and payable in full and/or seek judicial remedies
under the provisions of this instant mortgage.
Roceivod ! In Payrnrttt Of Tvut
Due On Ciess "C" IntanpiblePKSOnN~top~rtr,
pursuant To Chapter 71, 134. ACb a 1p71.
ROGER POITRJI3
Cier>< Circuit Coutt, St. Luci~• CO., Ra.
To NAVE AND TO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances
thereunto belonging or in anywise appertaining and the reversion and reversions, remainder and remainders, rents, issues
and profits thereof and also all the estate, right, title, interest, property, possession, claim and demand whatsoever as well in
law as in equity of the said Mortgagor in and to the same and every part and parcel thereof unto the said Mortgagee, and
his heirs, successors and assigns, in fee simple.
And said Mortgagor, for himself, and his heirs, legal representatives, successors and assigns, hereby covenants with said
Mortgagee, his heirs, legal representatives, successors and assigns, that said Aortgagor is indefeasibly seized of said land in
fee simple; that the said Aortgagor has full power and lawful right to convey the same in fee simple as aforesaid; that it
shall be lawful for said Mortgagee, his heirs, legal representatives, successors and assigns, at all times peaceably and quietly
s
to enter upon, hold, occupy and enjoy said land and every part thereof; that said land is free from all incumbrances; that
said Mortgagor, his heirs, legal representatives, successors and assigns, will make such further assurances to perfect the fee
sample title to said land in said Mortgagee, his heirs, legal reprrsentatives,successors and assigns, as may reasonably be
required; and that said Mortgagor does hereby fully warrant tl:e title to said land and every part thereof and will defend
the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, That if said :lortgagor shall pay unto the said Mortgagee the certain promisor}• note. of which
the following in words and figures is a true copy, to-wit:
i,R 327 F~cE 192
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