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Home My WebLink About2780 _ .T.. _ _ _ ~4~'1660 ~p ~ ~~~tl,,. ~.~,,,r,,.~ `nJWI~~~ Bdt1ICS BALLOON MORTGAGE '~~iii MORT~3AOE THIS MORTGAGE. executed this day of MaY 18~~t Fort Pierce . Florida JACOBSON-REA, INC., a Florida corporation by of the first part. hereinafter cNktd tM Mongpa, which tens es used herein in every instanw shall include rite Mortgagor's heir. sxecutoro, administrators. successors, legal represerttatiws and assigns. indudirtg all wbaegwnt grantees. eitMr voluntary by act of tM patties or involuntary by operation of law, and shall dsnoU tM sin ular and/a plural. and tM artdlor femme. end natural and/or artificial persons. whsrtewr and wMrovsr the context so ro- quirss or admits. to First Nations Bank of Fort Pierce a banking assoaation. of the second pan. hereinaRsr called trite Mortgages. which term as used herein in every irtsUrtq shall include fire Mortgagee's wccessors. legal repressnUaves and assigns. including all wbssqusnt assignees. either voluntary by act of the parties or imrolunUry by operation of law, WITNESSETH: THAT for divers good and valuable ooraideratiorts, and also to securo the payment of the aggregate win of money named in tM promissory note of even date herewith. hsreiMher msntiatsd. together wiM interest thereon. and all other wins of money secured hereby as hereinafter provided, the Mortgagor doss grant, bargain. ssN, alien, remiss. rokiass. conwy and confirm unto the Mortgagee. in fss simple. ;A) the tdbwirp land: The South 200 feet of the East 312.5 feet of Lot 1, INDUSTRIAL SUBDIVISION, according to the Plat thereof as recorded in Plat Book 9, Page 5, Public Records of St. Lucie County, Florida. This mortgage is given subject to that certain mortgage from Mortgagors herein to Sun Badcof St. Lucie County, dated April 27; 1979 recorded in Official' Records Book 307, Page 2647, Public Records of St. Lucie County, , Florida. - This mortgage is given subject to that certain mortgage from Mortgagors herein to Sttn Bank of St. Lucie County, dated September 10, 1979, recorded in Official Records Book 316, Page 644, Public Records of St. Lucie County, Florida . ~ i F = ~ r r- ~ ` ~ _ ~c:.°.:N?ENiARY...,---.-.. STS; M'r ' T. I "F'';-Or-btt7EivUE ~ ' ~ ' IB! All buildings, structures, and improvements of every neturo whatsoever now or hsreaher situated on the said progeny, end aM fumiturs. furnishings, fixtures. machinery. equipment, inventory end materials On site, end 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 sad property, buildings. structures or other improve- . meats. including all extensions. additions. improvemenU. betterments. renewals erxl replacements to any of the foregoing: arxd all of the right. title and irrerest of the Mortgagor in any such personal property Or fixtures wbject to a conditional sales contract. chattel mortgage or similar lien or claim together wah the benefit of any deposits or payments now Or hereafter made by the mortgagor or on its behalf. • Together with all end singular the tensmenU. hersdiUmsnU, sasemsnU and appurtenances thsrounto belonging, or in any wise appertaining, and the '4 rents, isaws. and profits thereof, and also all -the estate. right. title. inUrest and all claims end demands whatsoever. as well in law ss in equity. of said ~ Mortgagor in and to the same, and every pan and parcel thereof, and also specifically but not by way of IimiUtion all gas and ekictric fixtures. radiators. heaters. water pumps, air conditioning equipment, machinery. boiktrs, ranges, elevators and motors. bath tubs, sinks, water closets, 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 bs dstacftsd or deUChable, are and I, shall be deemed to be fixtures and accessories to the freehold and a pan of the realty. t TO HAVE AND TO HOLD the same. together with the tsnsmenU, hersditambnts and appurtenances thereunto bslortging, and the renU. iswes and profits thereof. unto the said Mortgages. The said Mortgagor hereby covensnU with the said Mortgages that the said Mongsgor is irdsfeasibly seized with the abaoluta and fee simple titb to said property, and has full power and IawWl authority to sell, convey, transfer and mortgage the same: that it shall bs lawful at any time hereafter for the Mortgages to peaceably and quietly enter upon. have. holed and ergot' said progeny. and every part thereof: that said property is free and discharged horn all E I pans, encumbrances and claims of arty kind, including taxes and assessments, except those that may be set out above or hsrsinahsr: that the Mortgagor will make at Mongsgor's expense and at no atcpenM to Mortgages such other and further aswrances to perfect tits fee simple title to said land, factures and per- sonal property in the Mortgages as may hereafter bs requirod: and that the Mortgagor hereby fully warrants unto the Mongagss the tetk to said property and will def'rtd the same against the lawful maims and demands of all persons whomsoever. NOW, THEREFORE, the corditiorts of this aro such that if the Mon ~ mortgage gagor shall well and truly pay unto the Mortgagee the indebtedness evidenced by that certain promissory note of even date herewith, made by the Mortgagor end payable to the Mortgagee in the THIRTY THOUSAND AND ZIO/100----------------------- 30,000.00 principal win of rite final pavmant of which ~ due on June 1, 1985 , together with any note a notes hereafter exswtsd by the Mortgagor [ hereinby end in accordance with paragraph sixteen of this mortgage as hereinafter set forth and second by the lien of this mortgage, together with interest as thQrein stated. and shall perform, comply with and abide by each and every the stipulations, agrsemenU, corditiorts and covenants conUined and set forth in ~ this mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and bs null and void. `s AND. the Mortgagor doss hereby covenant and agree: 1. To perform, comply wilt and abide by each and every the stipulations, agreements, conditions and covenants conUined and set forth in said promissory note or notes, this ntongags and, d applicable. tM loan agreement between the Mortgages end Mortgagor. 2. To pay the irtdsbtsdness second by this instrument and according to the true terror and effect of the promissory note hereinabove mentioned or of any renewal theroof, promptly on tM day or days the same severally become dw. I 3. To pay, beforo becoming delingwnt, all obligations, ertcumbrartgs, Uxes, assessrrtsnts. paving, sidewalk. sanitary and other assessments, levies or Herts. now or hsreahsr ktvisd Or imposed upon Or against the mortgaged property, and to exhibit to the Mongagse bsforo such texas. assessments, !.ens and•ertcumbrancss bscorrte dslirtquent tM offiaal receipts for payment thereof. and it the same or any pan thereof bs not paid bsforo bscomirp ( delinquent the Mortgagee may at arty time pay the same with accrued interest srd charges, if arty, without waiving ar affecting Mortgagei s option to foreck»e this mortgage, or any right herourtder, and every payment so made shall bear interest from the dots theroof at the highest rate authorized by law and all such payments with interest sftaH be seared by tfte lien fteroof. s-rr+Tr~-t~ tonal M ososs~o><s f BC01(~1 PAGEiG~ ~ L - -