Loading...
HomeMy WebLinkAbout2216~~tu-,, ,.,,,,r,,,, __. -_; ..., --= : "Southeast Banks -,,t,,,. MORTGAGE AALLOON MORTGAGE 51o~s~ ry ~o 3~'~ THIS MORTGAGE, executed this- ~C'~ day of DeCEmber _~. 19 ~ at Fort Pierce, __, --Florida by _ ROY P 'I1S~ ~ ---- - of the brat part. hereinafter called the Mortgagor. which term as used herein m every instance shall include the Mortgagor s hens. executors. administrators. successors. legal representatives and assigns. including all wbssquent grantees. either voluntary by aCl of the parties or involuntary by operation of law. and shall denote the singular and/or h n or f minin and n tur I and/or artificial persons. whenever and wherever the context so re- riuires or admits. to Southeast ~I~' .~K o~' F~'I' P1~CE, a banking association. of the second part. hereinahe: called the Mortgagee. which !erci as used harem in every instance shat! include the Mortgagee's successors. legal representatives and assigns. including all wbsequen! assignees. either ~„~untary by act of the parties or involuntary by operation of law. W I T N E S S E T H 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. hereinafter mentioned. together with interest thereon, and all other sums of money secured hereby as hereinafter provided. the Mortgagor does grant. bargain. sell. alien. romise. release. convey and confirm unto the Mortgagee. in fee simple. Ai the follow+ng land. Lots 21 and 22 of Block 'b" and the East 7.5 feet of. the vacated alley lying iamediately West thereof , in BO[JIEVARD D ~ OCt~ANY' S Re- subdivision 3xt the City of Fort Pierce, Florida, as per plat thereof on file in Plat Book 3, at page 3, of the Public Records of St. Lucie Canty, Florida. This Trortgape is subject to that certain Tmrtgage dated March 22 , 1978 fran Auto Supply cooky of Ft. Pierce, Inc. to First National Bank of Fort Pierce in the original principal sum of $60,000.00 recorded in O.R. Book 283 Page 2910, Public Records of St. Lucie Cotmty, Florida. ~,=~ - ~ S yo. o_ o I?t P,ti•..~-4T e~ Trx~s y C' - - ~. ; - .-. :: : F': ~ Gan, .",t1lt-i :~,, 30. I :. ~ - ... ~ . . -,- :. ~ :T~ ci• 1971. f,~`y`~ r/0 . CL:iai Tl:.l1a ~:.:S..i, ST. Ui.iE CA, i1J1.'~ /-t-G 8! Ail buildings. structures. and improvements of every nature whatsoever now or hereafter situated on the said property. aid all furniture. furnishings. rat~.,res machinery. egwpment, inventory and materials on site. and personal property of every nature whatsoever now or hereafter owned by the Mort- ;.,yur and located in. on. or used or intended to be used m Connection with or with the operation of said property. buildings. structures or other improve- •• ~~, cs including all extens+ons. additions. improvements. betterments. renewals and replacements to any of the foregoing. and all of the right. title and t.•~rest of the Mortgagor in any such personal property or fixtures subject to a condrtional sales contract. chattel mortgage or s+mJar hen or claim tcgether .. ~~ the benefit or any deposits or payments now or hereafter made by the mortgagor or on its behalf Together with all and singular the tenements. hereditaments. easements and appurtenances thereunto belonging. or in any wise appertaining. and the •erts. issues. and profits thereof. and also all the estate. right. title. interest and all claims and demands whatsoever. as well in law as in equity. of said 'Jlo:tgagor in and to the same. and every part and parcel thereof. and also specifically but not by way of limitatwn all gas and electric fixtures, radiators. Heaters. water pumps. air conditioning equipment. machinery. boilers. ranges. elevators and motors. bath tubs, sinks. water closets. water basins. pipes. 'a;,cets. and other plumbing and heating fixtures. mantels. refrigerating plants and ice boxes. window screens. screen doors. venetian blinds. corrnces. storm ~h:,tters and awnings. which are now or may hereaher pertain to or be used with. in or on said premises, even though they be detached or detachable. are and ;t,a~i be deemed to be fixtures and accessories to the freehold and a part of the realty. TO HAVE AND TO HOLD the same. together with the tenements. hereditaments and appurtenances thereunto belonging. anti the rents. issues and . ru!as 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 title to ~i property. and has full power and lawful authority to sell, convey. transfer and mortgage the same: that it shall be lawful at any time hereaher for the ~.1-;rtyagee to peaceably and quietly enter upon. have. hold and enjoy said property. and every part thereof: that said property is free and discharged from ail .•r,s. encumbrances and claims of any kind. including taxes and assessments, except those that may be set out above or hereinaher: that the Mortgagor will ~~-,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. fixtures and per- - ,,.al 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.~l! defend the same against the lawful claims and demands of all persons whomsoever. NOW. THEREFORE. the conditions of this mortgage are wch that if the Mortgagor shall well and truly pay unto the Mortgagee the - ~!ebtedness evidenced by that certain promissory note of even date herewith. made by the Mortgagor and payable to the Mortgagee in the ;,~~r.c~pal sum or Twenty Thousand & 00/100 Dollars------------------ fs 20,000.00 >, trie final ;:ayrnent of which is due on DE!C~r ],~~ 1985 ,together wrth any note a notes hereafter executed by the Mortgagor i~~~remby and in accordance with paragraph sixteen of this mortgage as hereinaher set forth and secured by the hen of this mortgage. together with interest as Harem stated. and shall perform. comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set forth in ri,+s mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and void AND. the Mortgagor does hereby covenant and agree. t To perform. comply with and abide by each and every the stipulations. agreements. conditions and covenants contained and set forth in said ;,rom,ssory note or notes. this mortgage and. if applicable. the loan agreement between the Mortgagee and Mortgagor 2 To pay the indebtedness secured by this instrument and according to the true tenor and effect of the promissory rrote hereinabove mentioned or :,f any renewal thereof. promptly On the day Ot days the same severally become due. 3 To pay. before becoming delinquent. all obligations, encumbrances. taxes. assessments, paving. sidewalk. sanitary and other assessments. levees g g gad p operty, and to exhibit to the Mort a e before such taxes. assessments. •r liens. now or hereafter levied Or imposed upon or a ainst the mort a r g 9e ~,r~ns and encumbrances beCOm delinquent the official receipts (or payment thereof. and d the same or any part thereof be not paid before becoming ~;,;Iinquent the Mortgagee may ~t any time pay the same with accrued interest and charges. ii any, without waiving or affecting Mortgagee's option to foreclose this mortgage. or any right hereunder. and every payment so made shall bear interest from the date thereof at the highest rate authorized by law and alt such payments with interest shall be secured by the ben hereof - g 5-MTG-17 (11/75) M 06p~54-O15 1 ~n~~~~ t,~//~~ BALLOON MORTGAGE U t tTyy V - - _ ~..