HomeMy WebLinkAbout1455 TO SECURE •
111 the payment of a note executed by the Mortgagor to the order of tM Mortgagee bearing wen date herewith
in the principal sum of ~ Hundred Fifteen Thousand and No/100-------------------- Dollars
215 , 000.00 which note, together with interest tMreon as therein provided, is payable as follows:
In monthly payments to be calculated according to a 25 year amortization schedule. with
tM first sueh payment in the amount of = 2.384.46 be;ng due on the 1st ~y of Novembe r
19 80 , and a like-sum on the corresponding day of each month thereafter until the 1st day of
October , ~g 8___,
t__ , at which time a final BALLOON PAYMENT shall be due equalling
the entire unpaid principal balance of s 206,846.49 ,plus accrued interest, if any, unpaid late
charges and all advancements owing under the terms of this note or the mortgage of even date herewith which
secures it.
121 any advances made by the Mortgagee to the Mortgagor, a his wooessor in title, for any purpose, at any
time before the release and cancellation of this mortgage, but at no time shall this mortgage secure advances tm
sotount of said original note together with wch additional advances in a wm in excess of Two Hundred Fifteen
Thousand and No/100-------------------- 215,000.00
Dollars (t ~ provided that
nothing heroin contained shall be considered as limiting the amounts that shall be secured hereby when advanced to
protect the security or in saordanoe with covenants contained in the Mortgage.
(3i all of the covenants and obligations of the Mortgagor to the Mortgagee. as contained in a wpplemental
agreement dated, executed and delivered concurrently herewith and reference is hereby made to said note and
wpplemental agreement for the full terms and conditions thereof, and the same are hereby incorporated herein ss
fully ss if written out verbatim herein, and recorded purwant to 695.02, Florida Statutes, in Official Record
g~k 138 , Wg~ 115-118 , of the public records of St . Luc i e
County, Florida.
In this instrument the singular shall include the plural and the masculine shall include the feminine and neuter.
All rights and obligations under this mortgage shall extend to and be binding upon the ive heirs, executors,
administrators, wocessors and assigns of the Mortgagor and Mortgagee. 28 ~ 3. 23
IN WITNESS WHEREOF, vve have hereunto-set our hands and sewwat~~syyt~~hyyis 25th ~~~NCF~~ay of
August 80 `t.7Is~9 ~ ERK C RCUI,I7,CUyUR
, A. D. 19 ~~rCR^
THIS tS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE OUE UPON MATURITY
IS t 206,846.49 ,TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE
HILLIARD'S OF INDIAN RIVER, INC., A FLORIDA
Signed, seated and delivered CORPORATION - ! - 1' ,
~a the presence of: `-w ~
` ATTEST: Charles Stone, Jr. , Vic resi enter
~ (WITNESSES) ~ t
(MORTGAGOR)
STATE OF FLORIDA
• COUNTY OF ST. LUCIE
l3eforo me personally appeared Sherwood J. Johnson and Charles Stone, Jr. , President
and Vice President of HILLIARD'S OF INDIAN RIVER, INC., A FLORIDA CORPORATION
to ms well
known and known to bs the individwl s dssexibed in end who executed the foregoing instrument, and acknowledged
before me that then executed same for the
purposes therein expressed, and~evti I atldtority to execute this mortgage instrument.
WITNESS my hand.a~¢,~caT~~tAjs! 25th ~y of Au ust , 19 80
RETURN TO: 1~_=~~-' -
Gtisene Fedael Sevines end to.n Awee ife~Q: in erld for the County and State aforesaid.
1a'00 FederN Hfehwey, Fat piwa, ~~~~r
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J`Zfl,%C. My minion expires: NOS~,4Y PUNIC Si ;~E O~ F.^Ri~s 1~t h~
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