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HomeMy WebLinkAbout1616 BALLOON MORTGAGE / 495911 I o Southeast Banks -,,tl,.. MORTGAGE THIS MORTGAGE. executed ehia day of August 1 19 80 at Fort Pierce _ Florida by NORMAN BRODER and JOAN H. BRODER. his wife and JOHN T. MOOSE of the first part. hereinaher called the Mortgagor. which term ss used herein in every instance shall include the Mortgagor i hstrs. executors. adm+n+strators. successors, legal representatives end assigns. including all subsequent grantees. either voluntary by act of the parties or +nvoluntary by opsratron of law. and shall denote the singular and/or plural, end the masculine and/or feminine. end natural and/or artificial persons. whenever end wherever the context so re- qu~res or admits. to Southeast FIRST NATIONAL BANK OF FORT PIERCE a banking association. of the second part. hereinafter called the Mortgagee. which teem as used herein in every instance shall include the Mortgagee's successors. legal representatives and assigns. including all subsequent assignees. ether voluntary by act of the parties or involuntary by operation of law. WITNESSETH: THAT for divers good and valuable considerations. and also to secure the payment of the aggregate sum of money named in the promissory note of even date herewith, hersinaher mentioned. together with interest thereon. and ell other sums of money secured hereby as hereinaher provided. the Mortgagor does grant. bargain. sell, alien, remise, release. convey and confirm unto the Mortgagee. in fee simple. iAl the following land: The East 100 feet of the West 200 feet of that part of the East One-half of the West One-half of the North One-half of the Southwest One-quarter of the Southeast One-quarter of Section 9, Township 35 South, Range 40 East, lying north of Easter Avenue, LESS AND EXCEPTING the North 40 feet thereof for street right-of-way for Delaware Avenue, St. Lucie County, Florida. r ~ - Reeshred a In Payment Of Taloe~ _ - ~ue On Class "C" IntanpiblePereonelorop~tr, - pursuant To Chapter ~1, 134, ActsE Ot ~~?1, ROGER POITRAS r,lerl+ Circuit COUrt, St. Lt1Cie, CO., Flti. ~~,-1-~,, ' - ~ ~ h,, / , . - i ~i j%~.- t 81 All buildings. structures. and improvements of every nature whatsoever now or hereafter situated on the said property. and aN fumrture. furrnsnings. Mures. machinery. egwpment. inventory and materials on site. and personal property of every nature whatsoever now or hereafter owned by the Mort- ~aagor and located in. on. or used or intended to be used in connection with or with the operaUOn of sa+d property. budd+ngs. structures or other emprove- ~~ents mcludmg alt extensions. additions, improvements. betterments. renewals and replacements to any of the toregomg: and all of the right. title and •.te~est of the Mortgagor in any such personal property or fixtures subject to a condit,onal sates contract- chattel mortgage or similar ben or clam together ;h the benef+t of any deposits or payments now or hereafter made by the mortgagor or on rte behalf ~i ~ Together with all and singular the tenements, hereditaments. easements and appurtenances thereunto belonging. or in any wise appertaining, and the rents. issues, and profits thereof. and also all the estate. right. title. interest and all claims and demands whatsoever, as well +n law as in equity. of said Mortgagor in and to the same. and every part and parcel thereof, and also specifically but not by way of limitation all gas and electric fixtures, radiators. s heaters. water pumps. air conditioning equipment. machinery, boilers. ranges. elevators and motors. bath tubs. sinks. water closets. water basins. p+pes. - I faucets. and other plumbing and heating fixtures. mantels, refrigerating plants end ice boxes. window screens. screen doors, venetian bluxfs. i:ornices. storm shut+.ers and awnings. which are now or may hereafter pertain to or be used with, in or On said premises, even though they be detached or detachable. are and shall be deemed to be fixtures and accessories to the freehold and a part of the realty. p TO NAVE AND TO HOLD the same. together with the tenements, hereditaments and appurtenances thereunto belonging. and the rents. +ssues and crofts thereof, unto the said Mortgagee. The said Mortgagor hereby covenants with the said Mortgagee that the said Mortgagor is indefeasibly seized with the absolute and fee simple t+tle to said property, and has full power and lawful authority to sell, convey. transfer and mortgage the same: that it shall be lawful at any time hereafter for the !~1 ortgagee to peaceably and quietly enter upon, have. hold and enjoy said property, end every part thereof: that said property is free and discharged from atI ~ ~e~s. encumbrances and claims of any kind. including taxes and assessments. except those that may be set out above or hereinafter, that the Mortgagor well ~ ~-~ake at Mortgagor's expense and at no expense to Mortgagee such other and further assurances to perfect the fee simple title to said land, f+xtures and per- I s,~na1 property in the Mortgagee as may hereafter be required: and that the Mortgagor hereby fully warrants unto the Mortgagee the title to said property and "r~t! defend the same against the lawful claims and demands of all persons whomsoever. NOW. THEREFORE. the conditions of this mortgage are such that if the Mortgagor shall well and truly pay unto the Mortgagee :he ~ ~ debtedness evidenced by that certain promissory note of even date herewith, made by the Mortgagor and payable to the Mortgagee m .the FIFTY THOUSAND AND NO/I00 DOLLARS---____~__~___~ S0 000.00 p•~ncipal sum of IS ' the f+nal oayment of which is due on August 1, 1985 ,together with any note o? notes hereafter executed by the Mortgagor ~ + eremby and in accordance with paragraph sixteen of this mortgage es hereinafter set forth and secured by the lien of this mortgage, together w+th interest as ;rerem stated. and shall perform. comply with and abide by each and every the stipulations, agreements. conditions and covenants contained and set forth ,n ch~s mortgage and in the promissory note secured hereby, then this mortgage and the estate hereby ueated shall cease and be null and void f AND, the Mortgagor does hereby covenant and agree: ' 1. To perform, comply with and abide by each and every the stipulations. agreements, conditions and covenants contained and set forth in said ~~ormssory note or notes. this mortgage and, if applicable. the loan agreement between the Mortgagee and Mortgagor- z 2 To pay the indebtedness secured by this instrument and according to the true tenor and effect of the promissory note hereinabove mentioned or ~f any renewal thereof, promptly on the day Or days the same severally become due. 3- To pay, before becoming delinquent, al! obligations, encumbrances. taxes. assessments. paving, sidewalk, sanitary and other assessments. iev+es or Dens. now or hereafter levied or imposed upon Or against the mortgaged property, and to exhibit to the Mortgagee before such taxes. assessments. ~ ':ens and encumbrances become delinquent the official receipts for payment thereof, and if the same or any part thereof be not pa+d before becoming ~ delinquent the Mortgagee may at any time pay the same with accrued interest aril charges, if any. without waiving or affecting Mortgagees option to foreclose this mortgage. or any right hereunder, artd every payment so made shall bear interest from the data thereof at the highest rate authorised ny law and all such payments with interest shall be secured by the lien hereof. S~M7G•17 (11/75) M oeo•s+-ois t d~(t~~ PAGE~~~~ i , - - - - r--. r ~ - ~ '-5'~,. .