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MORTGAGE
BALI.OON MORTCAGE
5~442~
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THIS MORTGAGE. eaecu~ed thi~ '~~ day of ,~~r~~ 19B.L-st FoTt Pierce, Floiida,
b~ DEL STROUPE and BEVERLY STROUP$, his wife_
of [he first part. hereinafter called the Mortgapor, wh~ch tsrm as used herein in svery ~nstance shall ~nclude the Mortgagor's heus. exetutors. adm~rnstra[ors.
successon. legel representatrves and assigns. including sll wbssquent grenteet. either voluntary by act ol the psn~es or mvoluntary by ope~atwn ot taw. and
shall denote the sinpular and/or ural nd the masculine nd/or i minin and natural and~'Or BrtIfiC~8) pe~SOnS, wh9nAVe- snd wherever the COntext 5o re-
qwres or admits. toSOUtheast ~IRS`~ NATIONAL Bl~IVIC 0~' FOI~`f PIERCE,
a benk~ng assoc~at~on. of the seCOnd part. hereinaher calted ths Mortgogee. wh~ch
;erm as used herein i~ every instance shsll include the Mortgagea's successors. legal representatwes end au~gns. ~nclud~ng all wbsequen! ass~gnees. e~ther
vc~luntary by act o/ the parties or ~nvoluntary by operaUOn oi law.
W 1 T N E S S E T H:
THAT to- divers good and valuable considerations. and also to secure tM payment of the aggregate wm of money named ~n the prom~ssory note of
even date herewrth, hereinaher ment~oned. together w~th interest thereon, and all other sums of money secured hereby as here~nahe~ prov~ded. the
Mortgagor does grant. bargain, sell. alien. rem~se. retease. convey and coniirm unto the Mortgagee. m tee s~mple.
tAI the (oltowing land:
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Lot 378, Phase IIB, HOLIDAY PINES, according to
the plat thereof, as recorded in Plat Book 20,
Pages 12 and 12A through 12E, of the Public
Records of St. Lucie County, Florida.
Receiv~f 4 /~~ ~~ In Paymenf O~ Texes
OuP (?n Cia~c ..C^ lntangiblePersona~i'ro;-p~t~,.
~u•~,.ra~= To Chapter 71. 134. Actt O+'8~
~ ROGER POITRAS ~~ . :~ ~~r: ~'. ; 2~ _ ~
~-ie~s C~rcuit Court, St. Lucie. Co.. Fla. '"~
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+Bi All bu~ldmgs. structures. and improvements of every nature whatsoever now or hereaher situated on the sa~d property, and all furmture. furrnshings.
f~ttures. mach~nery. equipment, inventory and matenals on s~te. and personal prope~ty of every nature whatsoever now or hereafter owned by the Mort-
«aqnr a~d located in. on, or used or ~nte~ded to be used m connecUOn with or wrth the operateon pf se~d property. bwldings. struciures or other ~mprove-
.• ~~nts mclud~ng aN extensions, addu~ons. ~mprovements. bettermems. renewals and repiacements to a~y ot the foregoing, antf all of the nght nt{e and
•'N~rct ot ihe Mortgagor ~n any suCh personal property Or 6xture5 Sub~ect !o a cond~UOnal sales contratt. chattel mortgage or s~m~lar I~en or cfa~m together
.:~~n the benet~t ot any depos~ts or payments now or hereafter made by the mortgagor or on ~ts behali
Together wrth all and smgula- the tenements..hered~tamants. easements and appurtenances thereunto belong~ng, or ~n any wise appertaming. and the
~ents. ~ssues. and prof+ts thereoi, and alw all the estete. nght. title, interest and all claims and demands whatsoever. as well ~n Iaw as ~n epu~ty. ot saed
!~1o~tgagor m and to the same. and every part and partel thereof, and also spec~f~cally but not by way of lim~tat~on all gas and electnc i~xtures, radiators.
neaters. water pumps. air conditioning equipment. mach~nery, boders. ranges. elevators and motors. bath tubs. sinks. water c~osets, water bas~ns. p~pes.
`aucets. and other plumbing and heating fixtures, mantels. tefngeratmg plants and ice boxes. w~ndow screens, scteen doo-s. venet~a~ 61mds. cor~ices. storm
shutters and awmngs. which are now or may hereahe~ perta~n to or be used with, in or on se~d prem~ses. even though they be datached or detachable, are and
shalt be deemed to be fixtures and accessories to the freehotd and a part of the realty.
TO HAVE AND TO HOLD the seme. together w~th the tenements. heredrtaments and appurtenances thereunto belong~ng. and the rents. ~ssues and
~~of~~s thereot. unto the said iNortgagee
The said Mortgagor hereby covenants wrth the said Mortgagee that the sa~d Mortgagor is indefeas~bly se~ied with the absolute and tee s~mpte title to
sa~d property. and has full power and lawful authority to sell, convey. transier and mortgage the same: that rt shall be lawful at any Ume hereafter (w the
Mortgagee to peaceably and quietly enter upon, havs. hold and en~oy said property. and every pan thereof: that said property is free and discharged from all
i~ens. encumbrances and claims ot any kind, including taxes and essessments, except those that may be set out above o- heremaher, that the Mortgagor w~ll
make at Mortgagor's expense and at no expense to Mortgagee such other and /urther assurances to perfect the ~ee simple t~tle to sa~d land, fi,ctures and per-
~onal property cn the Mortgagee as may hereaher be required, and thst the Mortgagor hereby (ully warrants unto the Mongagee the t~tle to sa~d property and
~v~ll defend the same aga~nst the lawful ctaims and demands oi all persons whomsoever.
NOW. THEREFORE. the condihons of th~s mortgage are such that if the Mortgagor shall well and truly pay ur.to the Mortgagee the
naebtedness ev~denced by that certain prom~ssory note ot even date herew~th, made by the Mortgagor and payaWe to the Mortgagee ~n the
p~inCipal s~m ot Fiftv-five Thousand and 00/100------------------Dollars ~g55,000.00
) the f~nal
aayment oi wh~ch is due on lune 27 ~ 1984 , together wnth any note or notes hereafter executed by the Mortgagcx
here~nby and in accwdance w~th paregreph sixteen o/ this mottgege as here~nefter set forth and secured by the lien of this mortgage, togethe: with interest as
!nerem stated, and shall perform, comply with and abide by each and every the stipulaaons. agreements. conditions and covenants contamed and set forth ~n
;h~s mortgage and ~n the prom~ssory note secured hereby, then th~s mortgage and the estate hereby created shall cease and be null and vo~d
AND, the Mongagor does hereby covenant and agree.
1 To periorm, comply with and ab~de by eecl- end every the st~pulations, agreements. conditions and cove~ants contained and set (orth ~~ sa~d
c,rom~ssory note or notes, th~s mortgage and, ~i applicable. tha ban agreement between the Mortgagee and Mortgagor
2. To pay the indebtedness secured by this instrument and aCCOrding to the true tenor and eNect of the prom~swry note hereinabove menteoned w
of any renewal thereoi, promptiy on the day or days the seme severally become due.
3. To pay, before becoming delinquent, all obligations, encumbrences, taxes. assessments, paving, sedewalk. samtary and other assessments. tev~es
or I~ens. now or hereaher levied w imposed upon w against the mortgaged property, and to exhibit to ihe Mortgagee betore wch tazes. assessments.
!~ens and encumbrances become delinauent the oKcial reCeipts for peyment thereof, and ii the same w any pert thereoi be ~ot pa~d betore Detom~ng
dehnqLent the Mortgagee m~y at any time pay the same wrth atuued mterest and charges, d any, wrthout wamng or aHectmg Mortgagee's opt+o~ to
foreclose this mortgage, o+ any nght hereunder, and every payment so made shall bear interest from the date thereoi at the highest rate authonred by law
znd all wch payments with interest shal! be secured by the 6en hereof
5-MT(3-17 (11/75) M oeasaois ~
B~~K347 PacE 515
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