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HomeMy WebLinkAbout1580 a - `THIS IS A BALLOON MORTGAGE AND FINAL PAYMBNT OR THB BALANCE DUB UPON MATURITY (3~ IS $ 31.x.,68 ,TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCE- MBNTS MADB BY MORTGAGBE UNDER THE TERNS OF THIS MORTGAGE. MORTGAGE DEED SU~bs1 E THIS MORTGAGE. executed this ..21st day of ~~4~~r A.D., 19. $Q., by FLORENCE V. SINE, a single adult hereinafter salted the Mortgagor, which team shall include singular or Islurnl, corparntion or individual, and either sex. and shall include the heirs, legal representativea,.successon and assigns of the 1~lortgagor, to AMERICAN 13ANK OF MARTIN COUNTY, a State banking corporation organised and existing under the laws of Florida with its princilxrl place of business in _ Martin County. Florida, hereinafter called the Mortgagee, which term shall include the successors and assigns of the said Mortgagee. WITNE33ETH THAT, WHEREAS, the Mortgagor has received a loan from the Mortgagee and is justly indebted to the Mortgagee, which indebtedness is hereby acknowledged and is evidenced by a certain promissory note, a copy of which has been marked "Exhibit A" and attached hereto and the provisions of said note are' by reference made a part of j this instrument. { NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several sums of money mentioned in the said note does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto the said Mortgagee. in tee simple forever, -the following described land, o[ which said Mortgagor is now seized and possessed and in actual possession situate. lying and being in........ - , St. Iueie County, Stale of Florida, and more particularly described as follows: A condominium parcel designated as Unit No. 719 of SAND DOLLAR VILLAS CQ~iDO~IINIUM B, according to the Declaration of Condominium, recorded March 20, 1980 in Official Records Book 327, page 2576, and amendment therto recorded March 20, 1980 in Official Records Book 327, page 2640, all of the Public Records of St. Lucie County, Florida. - TOGETHER WITH all fixtures and appliances located therein, and together Frith all of its appurtenances according to said Declaration of Condominium, including but not limited to an undivided 1/47 share in the common elements thereof. y g, e o !lt0yE0 f 6~_,,. Ill ~AriENT Of TAXE!< DUE 011 CLA3t 'C' WTAMG:BLE PERSONAL PROPERTY, PURSt1ANT TO faIAPTER Tl•1:A. ACTS Gf UIt; ROGER ?SITR~AS - ~l7x IW~i GRUII'E, iT. tlKtE ~ ~ TOGETHER WITH alt and singular the tenements, heriditamenta and appurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and herea[ter on said land and all fixtures attached ` thereto, together with all rents, issuese and profits accruing from said premises and all gas, steam, electric, water, plumb- I ing. lighting, ventilating, heating and cooling systems, which now are or may be in or on said premises though they f be detached or detachable, including but not limited to all refrigerators, stoves, ovens, appliances and carpets and ail ~ additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachments and parts thereof, and any additions, a:tensions or betterments of. in or to the buildings now or hereafter erected on the said premises. TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee, in fee t simple forever. ~ r AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows: 1. That the Mortgagor is lawfully seized of the above described premises in tee simple and has good right to sell and convey the same to the Mortgagee: that the said premises are tree and discharged of and from all taxes, tax titles or certificates, judgments, mechanics liens and encumbrances of any nature or kind whatsoever and that the Mortgagor will tally warrant and defend the same to the Mortgagee, against the lawful claims and demands of all persons whom- soever, and wit! make such further assurances to perfect tee simple title to said land. in the Mortgagee, as may reason- ably berequired, and will pay, the several sums of money agreed in the said note to be paid and all installments of prin- cipal and interest thereon promptly when due, and according to the true tenor and effect of the said note. 2. That the Mortgagor will pay all and singular the taxes, assesamenta, levies, and encumbrances of every nature on . _ the above described property. and upon this mortgage and note, or the money secured thereby, before delinquency thereof and receipts evidencing payment of said ta:ess, assessments, levies and encumbrances shall be deposited with the Mort- . gages on or before March tat of each succeeding year during the-term of this mortgage: and if same be not promptly paid when due, -the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any lawful evi- deuce thereof, or certificate tberefor, without waiving or affecting any right hereunder and in this mortgage. or the said . . notes which this mortgage secures: and such payments or expenditures so made shall bear interest from ibe date thereof at the highest legal rate. 3. That the Mortgagor will keep all real and personal property now or beresr[ter encumbered by the lien of this mortgage insured as may be required from time. to time by the Mortgagee against loos by fire, windstorm and other l hazards, casualties and contingencies [or such periods and for not leas than such amounts as may be -required by the Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of only the minimum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and rnmply fully with all co-insurance requirements contained in said policies to the end that said Mortgagor is not a co-insuror thereunder. Insurance shall be written"by a company or companies approved by the Mortgagee and all policies and renewals thereof shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and ~ Bn o~~~ ~~1,5']~ _ _