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TO SECURE
(1- the payment of a note executed by the Mortgago- to the orde~ of the Mortgagee bearing even date herewith
in the principal sum of THREE HUNDRED SEVENTY F I VE THOUSAND AND NO/100------------- Oollars
(s 3~5,000.00 -, which note. together with interest thereon as therein provided, is payaMe as follows:
(Twenty-ftve)
In monthly payments to be calculated according to a(25) year amortization schedule, with the first such
payme~t in the amount of S 4. 229. 40 heing due on the ~ 5 t day of Ma ~ch
19 g~ and a like wm on the co~responding day of each month thereafter until the ~ S t day of
February ,~9 86 , at which time a final BALLOON PAYMENT shall be due equalliny
the entire unpaid principal balance of $, 365 2. 27. 33 plus accrued interest, if any, unpaid late
charges and all advancements owing under the terms of this note or the mortgage of even date he~ewith which
secures it.
(2) any advances made by the Mortgagee to the Mortgagor, o- his wccessor in title. for any purpose, at any
time before the release and cancellation of this mo~tgage, but at no time shall ~nis mortgage secure advances on
account of said original note together with wch additional advances in a sum in excess of THREE HUNDRED
SEVENTY FIVE THOUSAND AND NO/100------~olla~s ($.375.000.00 provided that
nothing he~ein contained shall be considered as limiting the amounts that shall be secured hereby when advanced to
protect the security or in accordance with covenants contained in the Mortgage.
(31 all of the covena~ts 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 as
- fully as if w-itten out ve~batim herein, and recorded pursuant to 695.02, Florida Statutes, in Official Record
Book ~ 38 , pages >> 5'- ~ ~ 8 , of the public records oi S t. Lut i e
County, Flo~ida.
In this instrument the singular shall include the plural and the masculine shall include the femini~e and neuter.
All rights and obligations under this mortgage shall extend to and be binding upon the respective heirs, executors,
administrators, wocessors and assigns of tF-e Mortgagor and Mortgagee.
IN WITNESS WHEREOF, we Iwve he~eunto set our hand; and seals, this TMENTY-k 1 NTh day of
DECEMBER A. D. 19~~.
THIS IS A BA~LOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY
IS S 365,227.33 , TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TEFMS OF THIS MORTGAGE' •-'~i~Mt~~~~"'~r~rr,,
. • . ~ ~..:a~i~"j3•> - _ !~
~' . • ~..".. '.' .~' ~ -
1010 SEAWAY DRIVE, INC.,
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Pe e . S ' , PRE
i iam M. Gero d, VI
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ON
S~gned, sealed and detrvered --~~
in the nce .
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WITNESSES
(MORTGAGOR)
STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, that on this 29ih _ day of _December
hefore me personally appeared PETER C. SM I TH and W 1 LL I AM M. GEROLD
(SEAL) !"
(SEAL)
~
, A.D., 19 $~ ,
respectively _ ____ _ President and ~~ CE PRES I DENT "'. , ~ I
-- _~.~~ ry~of
1010 SEAWAY DRIVE, INC. q~~~
- , a FLOR I OA '~ =~ ~ ~ 'ration,
to me known to be the persons described in and who executed the foregoing instrumen~' ~re Cl~c~wVv-
ledged the execution thereof to be their free act and deed as such officers for the uses aq~ "`~t ~~-
tioned, and that they affixed thereto the official seal of said corporation, and the said-in~~~3~~~~t~act end
deed of said corporation. • :. ~.~ ~,~ ~. ; .. J_£~ ~ ~
WITNESS my hand and official seal at FORT PIERCE ,~'~d~~,t,~,~n an `~t,ate.
.. ~.?%~' ~, r,~
1980 DEC 30 ~H 2~ 31 ~- ~~ ~N ~~
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S~ ~ 90g Faeo ~~c F~ co~c~ e ~la-~--~-- ~ - L
st.wciF cauN~r.~i a. Notary PubHc, In and for State and County aforesaid
~t~~ O R06ER POITR.'.S ,_
;;~ (?x 345 P 8 CLERK CIRC+JIT ~C~'F; n ?:CT: '.Y F,;^~ t~ c-R•~ ^: , ri'1i7 ~.^r~
y • ry .-• ~ 1 i~ ( . a
RCiC.~~~ ~ : vlt J " ~1 My Commision Expires: AtY c•~ :• :. ~ - . +~iK '
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