HomeMy WebLinkAbout1469 ~vs... naw
THIS IS A BALLOON. MO$TGA~'~ ; # ~ ~ /
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Executed thA Y6TH day of MAY 4(~~9 A. D. r~30 by
FRANK A. GUERRIERO, a single adult
_
hereinafter called the mortgagor, to PATRICK B, LALLY, a single .adult 7'
address P.O. fox 305, r't. Pierce, r~loriaa 33450
hereinnjler called the mortgagee:
(Whnever ~scd ~eeeia dta teratt ' nortt~~a~oo~~ sad "nortNlK" iacbde a" tUe parties to tlw ia?eruneat tub t4 ?eiea.
lawl eeptettwntivq awd a~w~ o/ iadiridaab, sad tie wtrators awd arisat awd tie tern "w•ou"
iacludet all tLe sores ?ereutde.cribed if ttwte t?aw ou.)
~tIt~SSebt, thn! jor good and tN,luable con:ide?ations, and also In consideration of the aggre-
gale sum named in the promIaaory note of even daft herewith, hereinafter described, the mortgagor here-
by grants, bargains, sells, aliens, remises. rnnwys aid confirms unto the mortgagee all the certain land
o/ which the mortgagor L now seized and in posseuion situate in ST . LUCIE County.
Florida, nis:
Begin at the NE corner of Block 71 of White City, as per plat
recorded in Plat Book 1, page 201, public records of St. Lucie
County, Florida; thence run North 89°35'56" West 411.70 feet;
thence run south 24 35'56" East 22.27 feet to a point on curve;
_ _ thence run Southwesterly alt2ng the arc of said curve being con-
. - o cage to the East, having a radius of 90.00 feet, a delta of
c; 50 53'49", an ara distance of 79.95 feet; thence tangent to
tfi said curve South 00°22'43" West 10.00 feet to the point of
;L~ beginning; thence-continue South 00°22'43" West 131.41 feet
.w I to a point on curve; thence run SouthMesterly along the arc
of said curve being concave to the Southeast, having a radius
~ of 50.00 feet, a delta of 33°5819¦, an arc distance of 29.65
t~~' ` ~ f eet ; thence radial to said curve North 7002?' 48" West 35.68
'feet; thence North 89°35'56" West 65.00 feet; thence North
33°1706" West 172.23 feet; thence run South 89°35'56" East
211 1 f~et to the paint of beginnin~ all lying and being in
- Section ,Township 36 South, flange b East, St. Lucie County,
Florida.
I
j TOGETHER WITH all land lying and being Westerly and Southerly
- of described parcel, bounded on the North by the extension
_ ~ Westerly of the North boundary line of said parcel and on the
West by the East Bank of the main stream of the North Fork of
the St. Lucie River, and on the South by the North Fork of the
St. Lucie River and the North shore of the Cove lying immediately
South of said described parcel.
v
THIS IS A BALLOON M08TGAGE AND THE FINAL PAYMENT ON THE BALANCE
DUE UPON MATURITY IS #3,598.45 TOGETHER WITH ACCRUED
INTEREST, IF ANY, .AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE
UNDER THE TERMS OF THIS M08TGAGE. IN ADDITION, X5,000.00 BALLOON
PRINCIPAL PAYMENTS ARE DUE UNDER THE NOTES SECURED BY THIS
MORTGAGE ON JULY 18, 1980, 1981, 1982, 1983, AND 1984.
r
This mortgage wraps around an existing mortgage by the Grantee
to the Sun Bank of St. Lucie County in the original principal earn
of X83,300.00, recorded in O.R. Book 312, page 1595 of the public
records of St. Lucie County, Florida, and it is intended that
s certain payments on the notes executed in conjunction herewith
shall be assigned by the Grantee to the Sun Bank of St. Lucie
County until said prior existing mortgage has been paid in full,
xhic~rportgage was modified, said modification being recorded in
0. R:`~Book 331,,~~a~e 1518 of the Public Records of St. Lucie County
Florida.
Rsahsd • 1~ b ~fK Of Tirrr
Oue On Citw'~C" ittgltpbig h~sotr»I h+op~el~
~ Pursl:ant To Ches;~w 71,13i1a Mtes Of 111.
e~x333 ~~i46?