HomeMy WebLinkAbout1516~•
~~~~~ i~ A bAll00N MUkIuAGt ANO THE FINAL
PAYMENT OR THE BALANCE OUE UPON MATURITY
IS S ~,1~.~...5~ TOGETNER WITH
ACC,RUED INTEREST, IF ANY, ANO All AOVANCE- 51323~
MENTS MADE BY THE MORTGAGEE UNOER TNE
TERMS OF THIS MORTfAGE"
MORTGAGE
~~
1
Thls instrument wat proparcd by:
~ior~s v. ~acp+ta, r~xxE
sc~~ac & F~AN
633 N.E, 167th Street
North Miani Beach, F1. 33162
__,_ THIS MORTGA(iE is made this 19~ day o( December ~~9 80 ~
hctwcrn th~ Murigagur, ~'R~p gU(~~SBALM AND KARFN BUQ~.SBA[M his wife
lhrrcin "Ilorruw~r"1. aiiJ nc~ Murlgagcc.
JOHN ALDEN LIFE INSURANCE COMPANY
raisling undcr Ihr laws of Minnesota
, a co~wration urganized and
whosc ~dJress is 300 Sevill a Avenue, Coral Gables, Florida 33134
(hcrcin "l.enJcr"1.
WnFRE~s, Rorrowe~ is indebted to Lender in the principal sum of FIFTY EIGHT THOUSAND AND
FOUR HUNDRED FORTY EIGHT DOLLARS AND 99/100---------------------~~~~~5•
which inJcbtedncss is rviJencrd by Borrowcr's note datcd December 19.1980
Ih~rrin "Nut~"), providing (ur munthly instaUm~nts uf prineipal and interest. with the balance of the indebtedness.
if nut s~wnrr paid, Juc :~nJ payahlc un December 18, 2010 ;
To SECUR~ to Lender (a) the rcpaymcnt of 1h~ in~kbtcdness cvidenccd by thc Notc. with intcrest thercon. the
~aym~nt ut all ~~thrr sums, with inlcrest th~rrun, aJvanc~J in arcurJancc h~rcwith to pratr~t the sccurity of this
Murtbab~, anJ ~hr ~xriurmancc of th~ cuvcnants anJ agrcrments uf I3orrow~n c~r~in c~mtainrd, and (b) thc rcpaymrnt
uf :u-y futurc aJ~anres. with intcrest Ihcreun, maJc to Iiu~rowcr by Lrnckr pursuant to paragraph 21 hercof (hcr~in
"Huwre AJvanc~s" ). Borrower d~xs herrby murtgag~, grant anJ convey to Lcn~trr the following drscrit-ed prapcrty
locat~d in the County of . St , Lucie County . Statc of Florida: ~
which has the address of 9' Dd . State Road AlA, Jensen Beach, Florida
~Street) (City) Unit 106
(h~rein Praperty Address)
That certain condominium parcel composed of Apartment 106
and an undivided share in those common elements appurtenant
thereto in accordance with and subject to the covenants~
conditions ~ restrictions, terms and other porvisions o f
the Declaration of Condominium of ISLAND BEACH CLUB, a
condominium, as recorded in Official Records Book 343,
on pages 732 through 800. public records of St. Lucie
County, Florida.
~
,
;~
~
c
~* .
,
`..:
~ . _ ~.. ,.
~~ ~
- _ _- i
~ ~
_~
~ ...
.~~. _ •.
_ ' ."" f Vr
~
1~,.~~ -
Received s ~ _ .~: ~'~:~a~~'~' ~f Tau~e~!
Due O~ Class "'C" ir~t~r~gible PersOne~ P~OP~Y.
PunuaM To ChaPier 71. 134. Aca Of.18r11.~ ~
ROp'~R PORiUB '"
CIM1t Ckoult Co~N. St l~uoiR Ca. ~•
Pursuant to a seperate agreere~nt entered into by the Martgagor and Martgagee,
it is contenplated that~the Pranissory Note collateralized by this trortg~e shall
be reneweci on the fi~th (Sth)Ar.riversary i:ate. Zhe M~rt~a~ar and Nbrt~agee agree
that the lien-of this nnrtgage shall contitaie'-to be a first lien on the real property
c:eseribed above ci~in~ tne tert~: oi the ori~inal r.ramissory note and any renewals or
~ctensions t~~ereof, for a tenn not to ~:ceed 30 }~ears.
T~~~:~rucR wilh •rll Ihc impruv~mcnt~ now ur hrn,,~.c~ ~~cclcJ un thc prupcrt~.- an~l all rasrmcnls, righ~~,
:~ppur~rnanres. rcnt., ruyallir~, min~ral, uil :ui~l ga, righ~. ~nJ prufil~, watcr, walrr righls, an~l watrr ~t~kk. anJ :,11
lixwres nc~w un c~reaftcr attactkJ to thc pr~~pcrty, aU ut ~vhich, incluJinb r~pl~rrmrn~s and aJJitiuns thrrcw. ~hall In
~IrrmrJ t~- tx: anJ remain a part of Ihc pro~xrty rovcre~l by ~hi. Muttgabc: anJ all ~~( thc (urrguing. lugrthrr with ~a~J
propcrty (ot thc Ica~chulJ cs~atr if this Murtgag~ is un -r Icaxhc~IJ1 arc tkrein rcfrrrrJ tu ss thc "Prup~rty".
~ Borrower covcnants that Horrowcr is I•rwfully sciscd af the cstate h~reby convcyed and has tFx: right to mor~gage, ~
grant and convcy ihe Proprrty. that thc Pru~xrty i, un: n~umlx•rrJ. anJ thr~ B~~rruwrr will warr•rnt and drf: n.l - t
gcnrrally Ihe IiU~ tu thc Pruprrty ab:~in~~ all ~laim~ an~l ~I~ n~:~nJs, subjrct w any drrlara~i~,ns, ca.rmrnt, ur re~triction~
listrd in a snc~Jul~ ut cxcrptiuns Iu cuverag~ in ~ny ~itlr nuuranrr ~~~liry in~unng I.cnJrr'a in~~rr.t in lhc Pn~prtl~~.
f ~OR~~A-1 to, F~n~ly-6175-iNMA/iMLMC UNIFOIIM INS«UMENT OR~~~ ~,~15~.2
YMI~ - • COMO-~4~ry0 ~vs~s[s) ~owu~, ~wt. BO~
~ . i
~ ~~yF Yca_..____ ~+.:'.: . "_ ~
_ M ~