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~ 51395~ RAMCO FORM 6Ya A B ~~/
~' M011TGAG[ Ot[O
•ALLOON MORTaAG[
' THIS IS A BALLOON MORTGAGE ~
~ and thc final payment, or thc Balance ~ ~ ~
~ 10 000.00 ~
due upon maturity, is $-._.....~ ....................•--
~~his ~ndent~tret ~~fadc this 15th ~aY ~/ December , A. D. I9 gp ,
R:LfIYEU s ~0. ~ ~ IN PAYARfN ' OF TAXE=
~etween CHARLES R. GRELLE and MILLIE POOLE cu~ ~n c~~zs ~c~ ~NY~.~;c ~~S P ~: ~~~~ raopE~~
PU:.~v!JIT T~ CNRPT:. 7i- 4, ~~:TS 0 H11.
RGGEd P..Ii~.~Ri
ftcr~•ina/t:~r call~~d th~ A1ort~agors , and JAMES G. McKELVEY ~~~~ ~~. =T• w~ ~0. ~g~'
~ ~ hercinafte~ called the Mvrt~a~ec , ~
' ~~~II~SSe~, That the said ~lo~tga~or s, /or and in consideration o/ thc sum oJ One Uolla~ to ~
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Chem in hand patd by the said Mo~t~a~ee , the receipt whereo/ is hereb~~ acknowl~d~~rd, j ,
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~! have ~rantecl, bar~ained and sold to tke said MoTt;agee , his hei~s and ~
~ssi~ns, /u~eucr, tlic~ /ollowin~ descri6ed land, srtuate, lyin~ ~.nd bein~ in the C.ount~~ of
ST. LUCIE , State o/ FLORIDA , to-wit :
Lot 13, Block 109, PORT ST. LUCIE SECTION 27, according to the
Plat thereof, recorded in Plat Book 14 Page 5 of the Public
Records of St. Lucie County, Florida.
THIS IS A PURCHASE MONEY THIRD MURTGAGE. THIS MORTGAGE IS SUBJECT
AND INFERIOR TO THAT CERTAIN FIRST MORTGAGE IN FAVOR OF CITIZENS
FEDERAL SAVINGS & LOAN ASSOCIATION AND SECOND MORTGAGE (OR MORT-
GAGES OF EQUAL STANDING) IN FAVOR OF RALPH MAIOLO AND MARY MAIOLO,
NIS WIFE. A DEFAULT IN TERMS OF ANY SUPERIOR MORTGAGE SHALL BE
DEEMED A DEFAULT IN THE TERMS AND CONDITIONS OF THIS MORTGAGE.
THIS MORTGAGE MAY NOT BE ASSUMED WITHOUT PRIOR WRITTEN CONSENT OF
MORTGAGEE. MORTGAGORS SNALL INSUItE THE PREMI3ES FOR HIGHEST
INSURABLE VALUE AND UPON SIGNING THIS MORTGAGE AND EACH ANNUAL
RENEWAL OF INSURANCE POLICY FURNISH A COPY OF SAME TO MORTGAGEE
NAMING MORTGAGEE AS INSURED THIRD MORTGAGE HOLDER.
and th~~ said :lto~t~a~~ors rlo hcreby /ull}~ tuarrant the title to said land, and wil! de/encl the
samc a~~~inst the lawjul claims o/ all ~iersons whomsoeve~.
~rouided ~lways~ That i/ said A1o~t~ugo~s , thein c~irs, le~at ~epresentatiz~~s o~
assi~ns, slra!! pa~' unto the sai~! .llorts;a~ee , his le~al representatives or assi~ns, a
~~rtain pron:rsso~l• notc dated thc 15th day of December ~~4• D• 1980 ~ ~o'
thf s~rnr o/ Ten Thousand and no/100-----------($10,000.00)----____DoRa~s,
pn1•abl~~ motlthly with inteiest at 18
pf. ~~nt. /ro~n date thereof siQned 63~ mortgagors ~
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and shall pay all sums ~iayable he~eunde~, and per-
/o~m, c-nmplt' with and abide~ by each and ever~~ the stipulntions, aq~eements, conditions and covc-
nants o/ snid ¢romisso~~~ note and o/ this mo~tgage, and shall duly pa~~ all taxes, and also i»suran~r
p~emiums ~~nsonably ~~quise~d, and atl costs and expenses includin~ a reasonabCe atto~ne~'s J~~,
whi~h said :tit ort ~a~ee may incu~ in colleetin,~ money secured by this mo~t~age, and atso in
c~n/orcin~ this mort~a{e b~~ suit os otherwise, then this »iort~a~e and tfee estule hereb}• ~reat~d
shal! ~~as~ and be null and void. This is a Balloon Mortgage and the final payment, or the
Balance due upon maturity is $10,_000, 00,.____,
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~n ~itness ~hereof, the said Mo~t~a,~or5 he~eunto set their hnnd s and s~~al s
the day and yea~ /irst above written.
Si~~n~r sr~nlFC~ nn e(ivc~red in p~esence o/ us:
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