HomeMy WebLinkAbout0480 s,..
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE ~o
~~~U~~~~E~NDSALLOADVANGCEMENTSIMADECBY ,~THDEI;~IO~'RT~GAGEEIU.*iDER ~ TH
executive line TERMS~OF THIS MORTGAGE .
• 42,550
(W Aaeet~aa w+ Awetta tM t+aatti " ud "aoortseaae• ieelude sll tM pertlae to t?ie iwMnt~eet ash tM Ain.
lepl aep~eegtiew sei of individwlR Fwd t?e wcee~w~ aid ~a~ of co+D~par: oad tM tan "wte"
i~dode[ tall IAe ootw Aas+o daeri4M U aoto tAas ease. WAenver u~M tlk dn~ulat aomA~r sAall iariude tAe piw~l aa+d
tA. plord tA. e+w~ular. aed the et..r trndet ,>„u int~ladr eii ~redrn ,
F..rerated the ~ O-k•h dbJ of April D. 19 80 ~
bJ t
LARRY SUTER
hereinafter calhd the. Jllortgasnr, to
ALAN H. SIEOEL and AARON M. SHEVLIN
herFinafter culled the .11ortBagee.
~ttttQ~BPf~, that for divers good and zaluable considerations, and also in
consideration of the aggregate srcnz Wanted in the l~rontisrortf note of ~•ren date here-
with, hcrcinafterdescriLed, the said ~liortga.Qor, does grant, liR.rsnin, sell., alien, remise,
release, convey a.nd conjirnt lento the said Mortgagee, in fee simple, all that certain
tract of land, of rrhiclt. tlee said ~~fortgagor is note sei.~cd and possessed, and i.n actrcal•
possession, situate in St . Lucie Cocc~ttJ, State of ~'loriclu, described
~ ~ as follows:
~+M Apart of Lot 9, .Block 2, St. Lucie Gardens, as recorded in Plat
v ~ Book 1, page 35, St. Lucie County, Florida, public records, and
being in Section 26, Township 36 South, Range 40 East, St. Lucie
a'~v•~ County, Florida, more particularly described as follows:
•a >••i
U O
_v From the intersection of the west right-of-way line of
~ U.S. Highway No. 1 (State Route No. S) and the west line.
v ~O.s~ of the aforesaid Section 26, run southerly along-the west
~ ~ right-of-way line of U.S. Highway PJo. 1 a distance of 1060.00
feet to a point of beginning; thence continue southerly
Q ~ ~ along said right-of-way line a distance of 100.00 feet to a
~ ~ ~ point on said right-of-way line; thence on a line being at ~
~ M ~ 90°00'00" angle to the said west line of Section 26, run
~ ~ a westerly a distance of 537-.82 feet to a point on said west
line of Section 26; thence run northerly along said west
line of Section 26 a distance of 88.60 feet to a point on I
~ said west line of Section 26; thence run easterly on a line ~
~ parallel with the south line of the property being described
p a distance of 491.46 feet to the point of beginni^.g.
w
This is a purchase money second mortgage.
Any default in the first mortgage will be considered a default in
this mortgage. Mortgagee shall have the right to cure any such
default and add any amount required to cure the default to the Lien
~ of this mortgage or, at the sole option of mortgagee, if either the
~ principal or interest of the debt secured by the first mortgage is in ~
J default, or any of the conditions or covenants of the. first mortgage
- are broken, the whole sum of the principal and interest of the debt F
secured by this mortgage shall become immediately due and payable and
this mortgage may be foreclosed at once. F _T-,=
R=,.~~ycn = 1 30 iit PI~'.'M:'R OF TARE: _ , ~ ` . " ; - .
C r._~:;~ 'L' .::?:.S~ECE PEits~:;.iL PROAEltTr, ~ _
fL..o"...7i~ T~ ..;:?i.3 71-•:4, ACTS OF H71. - - ' _ - ~ ~-V
K~Gf3 PCiT4A5 - - _
CL~&K G1a~UiT CGURT, ST. lUG1E ~ F1~' ~ ~ - -
1
~D ~Mt1C ~tt~1 #U ~Ald the same, together with the tenements, heredita-
ments and appurtenances, unto the said Mortgagee in fee simple. 1
a
.~1ttd said JKortgagor does corenant utith said .16lortgagee that said JKortgagor
is indefeasibly seized of Said land in fee simple; that fhe said Jbiortgagor has full
power and lawful right to convey said land in fee simple as aforesaid; that it shalt be
lawful for said Mortgagee at all times peaceably and quietly to enter upon, hold,
occupy and enjoy said land; that said land is free from all incumbrances; that said
.~lortgagnr ,will make such further assurancP,s to perfect the fee simple title to said
land in said JKortgagee as may reasonably be required; card that said JKortgagor
does hereby fully warrant the title to said land and wilt defend the same against the
lawful claims of all peraons whom,.soever.
ec~~ e~e~ PdGE