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Florida MORTAGE DEED- -1Ba11ooa) 51"t6V~r 7!!~s a avA~urrnr o~MtAr1r
V
i~ ~ ~ ~
THIS IS A BALLOON MORTGAGE AND FINAL PAYMENT OR THE 9ALANCE
DUE UPON MATURITY IS : 22, 300.00 ,TOGETHER WITH ACCRUED
INTEREST. IF ANY. AND ALL ADVANCEMENTS MADE BY MORTGAGEE
UNDER THE TERMS OF THIS MORTGAGE.
(Whwawi uMd hataln tM taims "moTtopoT" and "moTtpp~a" Ineluda all tM partlaa to thb inttrumant and tha
hales, 1a0a1 nprMantatlws and aMym of IndNiduaU. and tM wccaMO?s and aMlom of eoTporatbns; and tAa term -
- "note" Irn:luda all ttla notes hsFaln dasalbsd ii mon than ona.) YVhsravw used tha sln0ulsi numbaT Mall Inc1uW
tM plural and Ma piuTal tM sllpulu, and tha use of any OsTldar Ms11 ineluda all OslWais.) '
Made this 21st day p
f October , A.D. l9 80
Between FIARENCE V. SINE, a single adult
called the Aortgagor, and JOHN F . SMITH
- celled the Mortgagee,
Witnesseth, Tbat the said Mortgagor, for and in consideration of tbt sum of T~~
THOUSAND-AND NO/100---- -^olhm,
to him in band paid by the sold Mortgagee, tbt receipt whereof u hereby acknowledged,
has granted, bargained and sold to the said Mostgagee, the
following described land situate, lying and being in the county of St . Lucie
_ Stan of Florida to wit: _ -
A condominium parcel designated as Unit No. 719 of SAND DOLLAR VILLAS
COND(kfINIUM B, according to the Declaration of Condominium, recorded
- March 20, 1980 in Official Records Book 327, page 257b, and amendment
thereto recorded March 20, 1980 in Official Records Book 327, page
2640, all of the Public Records of St. Lucie CountyY-Florida.
TOGETHER WITH all fixtures and appliances located therein, and together '
~1~ith 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.
.RECEfIfEO = yG.DD IN PAYMENT OF TAXES .
OO DUE ON CLASS 'C MTAK6iBlE PERSONAL PROPERTK,
3_ PURSUANT TO CHAPTER 71.134, ACTS OF 1R7L
ROfiER PWTiAS
CLER>C CUlCY1T COifttT. ST. LYCE Oa, fLAr`a.'~
i
~ THIS IS A PURCHASE MONEY SECOND MORTGAGE.
1Ni51NSTRUMENT PREPARED BY
JUDITH B. ROWELL. ASST. V.P. '
c•11K1.~1:a ~i•1•r1.1..r cral:a\Tl'
P. O. BOX 1132, STUART. FL 339.
- - ~ ~ AS A N£CESSAgY INCIDENT TO THE
i ULi ILLMENT OF CONDITIONS CON-
- TAINED IN A TITLC INSURANCE
COMMITMENT 155UE0 BY IT.
and the said Mortgagor does hereby fully warrant the title to said land, and will defend
the same against the lawful claims o
f all persons whomsoever.
Provided Always, Tbat is said Mortgagor shall pay to the wid Mortgagee a certain
promissory note, a copy-of which is attached hereto, and shell perform and comply with
each and every stipulation, agreement and covenant of said note and of this mortgage,
then this mortgage and the estate hereby created shall be void, otherwise the same sbaU
remain in full force and virtue. And the said Mortgagor covenants to pay the interest and
principd promptly when due; to pay taxes and asussments on said property; to carry
( insurance against jne on the buildnrg on said la„~ for not less than S 52, 000.00 1
and windstorm insurance in amount of S 52,000.00 , approv:d
by the Mortgagee, with standard mostgage loss clause payable to Mortgagee, the policy
to be held by the Mortgagee, to keep the building on said land i» proper repair; and to
.waive the homestead exemption.
' Should any of the above covenants be broken, then said note and aQ moneys
secured hereby -shall without demand, if the Morgagee so elects, at once become due
and payable and the mortgage be foreclosed, and aQ costs and expenses o
f collection
of sold moneys by foreclosure or otbenvist, including solicitor's fees shall be paid by
~ the Mortgagor, and the same are hereby secured.
~~341 p~i~i~
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