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~`~au~ - BALLOON MORTGAGE
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MORTOAOE - - ~ -
THIS MORTGAGE. executed t~ •2- ~p day ~ St'P~c••~?'~a'1` - 19 ~ ,l Lytxn, Massachusetts
_ by SAMUEL. H. T CSEL_ nd R 1TH TASSRT.~ hie wife
of the first pact, hereinafter calved tM Mortgagor. which term p aced heroin in awry inataM» shah btdlyda the Mortgagor's heirs. executors. admirlietratoro. .
wccessors, Isgal representatives and assigns, irtdudirtg all wbsaquertt pnntees. eithu voluntary by act of tlta parties or irlvoNmtary by operation of law. and -
shall denote tfte a~nqular and/or plural. and the ntasouW» and/or lemirtirta. and natural and/or artificial persons, wMrtever artd wherever tM context so ro- -
quires or admits, w5outheast FIRST NATIONAL' BANK OF FOR~T~YI~ERCE. - ~ -
- - - • assocutxn+. of the second put. hereinafter calved file Mortgages. whidi
term as used herein in every instance shah indtrde lira Mortgagee's silocegors. kgal reprgentatiws and assigns. inducting aN subesqusrlt assrgrless: eithu
voluntary bll act of the partiss`or involuntary by operation of law.
WITNEiiETH: ~ _
THAT for divers good sad valuable considegtiorls. and ako to aecura tM payment.of the aggregate sum of moray named in the promissory note of
even date hsrewitb. heroinaftu mentiorlsd, toDetMi with interest thereon. and aN other moms of money aecurod busby as .Mreinaftsr provided. the
Mortgagor doss grant, bargain. seN: alien. remise. release, convey end eonfinn unto the Mortgages, in bs simple.
(AI the folktwi4g land: - -
The East Oae-half (El/2) of the East Oae-half (El/2) of the Southeast Oae-
Quarter (SEl/4) LESS the• North 202 -feet ands'the: South:-:49 feet thereof, in
Section 10, Township 35 South, Range 38 East, St. Lucie County, Florida.
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O.o.~ REC4YED = /60.Oa tN PA:'t.^.tT OF TiiXE>s - - ~-~1; f n cj-, ` ~ p ~
COE Q:1 CLaSt'C' 1•tT~::-~?!: P.::.3::-~ P~JFERTT , r.'d•'' _ ( ~
d POnS~;.IIT TO Cli.;? 1 . 71- 4, dzTS GF 1l71. r` ~;s
CLEYII q~?LY.T fAUAT. ST. WEE CO., F1A.
xrz UOCUflI1rNTARY,¢: -:~SIAMF tl. } ~ - - -
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lei All buildings, structures. artg irrlprowrrlsnts of awry rlaturo whatsower now or hereafter situated on the said property, and sY furniture. furnishings.
fixtures. machinery. equipment. inventory and materiak on sits.-and personal property of every nature whatsoever now a hereafter owned by the Mort-
gagor and located in, on. or used or intended to be used in connection with or with the operation of said property. buiktirlgs. structures or other improve-
ments. including all extensions. additions. improvements, betterments. renswak and replacements to any of the foregpng: and all of the right. title and
interest of the Mortgagor in any such personal property or fixtures wbject to a conditional sake contract. dtanal mortgage or similar lien or claim together
with the benefit of any deposits or payments now or hereafter mods by the mortgagor or on its behalf.
Together with all and singular the tenements, hersditaments, easanients and appurtenances thueunto bslongirp, or in any wise appertaining, and the
rents. issues, and proffer thereof. and ako aN the estate. right, title, interest and aN claims and demands whatsoever. as wsN in kw as in equity, of said
Mortgdyor in and to the same, and .every part and parcel thereof, and also specifically but not by way of limitation sN gas and ekcuic fixtures. radiators.
heaters. water pumps. air conditioning equipment. machinery, boilers, rargsl. skvatoro and motors, bath tubs. sinks.. water closets, water basins. pipes. -
faucets. and other plumbing end heating fixtures. mantek, rehiguating plants and ice boxes, window screens. screen doors, venetian blinds. cornices. storm
shutte?s and awrrngs. which aro now or may heroaftu pertain to or bs used with, in or on said premises. even though they be detached or detachable. are end
shall be deemed to bs fixtu?es and acosssoriss to the freehold and a part of the realty. - -
TO HAVE AND TO HOLD the same. together with the tenements, hereditamsnts and appurtenances thereunto bslorping. and the rents: issues and. t~
profits thereof. unto the said Mortgagee. ~ -
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The said Mortgagor hereby covenants with the said Mortgages that the said Mortgagor is indsfessibly_ssized with the absolute and fss simple title to f-
~ said property, and has fuN power and lawful authority to seN, oomrsy, trarafu and mortgage the same: that it shah bs lawful at arty time hereafter for the
Mortgagee to peaceably and quietly enter upeb, haw, hold and enjoy said property, and every part tflereof; that said property is free and discharged from ell
f liens. encumbrances end claims of any kind, ulchrding taxes and assessrrlents, except those tltPt may bs set out show or hereinafter: that the Mortgagor will
make at Mortgagor's sxpenes and at no expense to Mortgagee such other and furthu assurances to perfect the fss simple title to said land: fixtures and per- -
sonal property in the Mortgages as may herosftsr•be required: and that tM Mortgage hereby fuNy warrsrtts motto the Mortgages tM title to said property and
will defsnd•ths same against the lawful claims and demands of ail persons wlanisosver.
NOW. THEREFORE, the conditions- of this mortgage aro such that if the Mortgagor shNl well and truly pay unto the Mortgages the
indebtedness evidenced by that certain promissory note of even date herewith. made by the Mortgagor and payable to the Mortgagee in the .
principal sum of EIGHTY_ THOUSAND AND NO/100------------------------- ~~80,000.00----------- 1. the final
payment of which is due on October 10, 1985 , together with any note or notes hereafter executed by the Mortgagor
hereinby and in accordance with paregreph sixteen d this mortgagras hereinafter set forth and secured by the lien of this mortgage, togstltsr with interest as
'i therein stated, and shall perform, comply with and abide by each end every the stipuktiora, agreements, rxxditiara and oovsnants contained 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 nuU and void:
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AND. the Mortgagor doss hereby covenant and agree: -
1. To penfomn. comply with and abide by each and awry the stipuktiora, agreements. Condition and covenants contained and set forth in said - -
promissory note or rates, this mortgage and, if applicable. file ktan preement between tl+s Mortgages and Mortgagor.
2. To pay the indebtedness secured by this iratrurntent and according to the true tenor and effect of the promissory rate hsreinabove mentioned or
of any renewal thereof, promptly on tM day or days the Mme severally becorrls due. -
3. To pay. before becoming delinquent, aN obligations, encumbrances, taxes. asaessrrtsnts. paving, sidswaNc, sanitary and other assessments, levies
~ or Hera. now or hereafter levied or impwsd upon or againxtt the mortgaged property, and to exhibit to the• Mortgages before such taxes. asiessrrtsnts.
liens snd•enwmbrorw:es beoorrie ddinquult tM oifidal receipts ter-payment thereof and if tM same or arty part thereof be not paid before becoming
delirlginsnt the Mortgagee may at any time pay tlla same with accrwd interest and durges, if any, without waiving or affecting Mortgagee's option to
foreckxre this mortgage. or any right hereunder. and every payment eo made shah bsu interest horn tM date thereof n ths•hlgilest rete authorizedby law
end aN such payments with interest shah bs secured by the lien hereof. ,
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• BALLOON MORTGAGE