HomeMy WebLinkAbout0055 THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON
MATURITY IS $30,264.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. ~ I
480490 ~
THIS MORTGAGE DEED, made and executed the da of ~Q~oF~ 19 8 0 ,
Y
by JOSEPH P. PASSANANTE and CAMILLE PASSANANTE, his wife
hereinafter called the Mortgagor, which term shall include the heirs, leg:l representatives, successors and assigns of the said
Mortgagor, wherever the context so requires or admits.
to FIRST NATIONAL BANK AND TRUST COMPANY OF STUART, Stuart, Florida a National Banking Association,
hereinafter called the Mortgagee, which term shall include the heirs, legal representatives, successors and assigns of the said
Mortgagee wherever the context so requites or admits.
WITNESSETH: That (or divers good and valuable considerations, and also in consideration of the aggregate sum named f
in the promissory note hereinafter described, the said Mortgagor does hereby grant, bargain, sell, alien, remise, release, convey
and confirm unto the said Mortgagee, his heirs, successors and assigns, alt ehe certain piece ,parcel
or tract of land, of which said ,Mortgagor is now seized and possessed and in actual possession, situate in the County
of St . Lucie Ctatr of Flnrida, described as follows:
A Condominium Parcel designated as Unit 626 of SAND
DOLLAR VILLAS CONDOMINIUM A according to the
Declaration of Condominium thereof recorded in O.
R. Book 324 at Page 1952; St. Lucie County, Florida,
Public Records.
li.erty~r~ s 7 S. tro ~ cv TA»
CL's ~:i Ci~'S- C'
1~
jT,'j~•g~ PF~gDttAl PROAERTY~ .
t ~ ,~D FL' ~3~:.;ii TJ : H.1PT£4 71-t;,~, ACTS Oi 1l71.
RJ6~,'t P61TFiA$
Ct«li p~wUiT COURT. ST, IUCt# CO,. Ftlf`~.l~l
F
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 fu~ether, at mortgagee's sole option, accelerate the
indebtedness due and payable in full and/or seek 3udicial remedies
under the provisions of this instant mortgage. .
_ -
To HAVE 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 Mortgagor is indefeasibly seized of said land in
fee simple; that the said Mortgagor has full power and lawful right to convey the same in fee simple as aforesaid; that is
shall be lawful for said Mortgagee, his heirs, legal representatives, successors and assigns, at all times peaceably and quietly
to enter upon, hold, occupy and enjoy said land and every part thereof; that said land is free from alt incumbrances; that
said Mortgagor, his heirs, legal representatives, successors and assigns, will make such further assurances ro perfect the fee
simple title to said land in said Mortgagee, his heirs, legal representatives,successors and assigns, as may reasonably be
required; arid that said Mortgagor does hereby fully warrant the title to said land and every part thereof and will defend
ehe same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS. That if said Mortgagor shall pay unto the said Mortgagee the certain promissory note, of which
the following in words and figures is a true copy, to-wit:
BOOK ~~Gf