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Home My WebLink About0709 ~.~iuii ~ \~u~.~. . ,; _= `~~=== Southeast Banks '., .;;;;. ~. ~.,~„~. MOfiTGAGE BALLOON MORTGAGE b ~ ~ S1~'14y THIS MORTGAGE. executed thit lOth day of ~rch 19 81 e~ Fort Pierce _ Florida _ b~ __ ODI LIO MOREI RA, JR. , a singl e adul t _ of the first part. hereinaher called the Mortgaflor. wh~ch term as used hers~n m every instance shall ~nclude the Mortgagor's heus. executo~s. adm~rnstrators. successws. legal representatrvea and assigns. mcluding all subsequent grantees, erther voluntary by act ol the part~es or involuntery by operatwn of law. and shall de~ote the sinAular and/or ptural. snd the mssCUlins snd/or teminine, and natural and/w art~fic~al persons. whenever and wherever the context so re- qu~res or admits, to Southeest FI RST NATIONAL BANK OF F~R~ PI ERCE a n ing assoc~at~on, oi the setond part. hereinaher called the Mo-tgagoe. wh~ch term as used herein in every instanee shall include the Mortgegee's suetessots. legal representatwes and assigns. ~nclud~ng aIl subseq~en! assignees. either ~oiuntary by act o( the part~es or involuntary by operat~on oi law. WITNESSETH: THAT tor divers good and valuable co~siderations. and also to secure the payment oi the aggregate sum of money named ~n the prom~ssory note af even date herewnh, hereinafter ment~oned. together wrth interest lhereon. and dII other sums of money secu~ed hereby as here~nafter prowded. the ~lortgagor does grant. trargain, sell, alie~. rem~se, release. convey and conium unto the Mortgagee. in (ee s~mple. +A~ the tollonnng land: Lots 12 and 13, Block 51, San Lucie Plaza, Unit 1, according to the plat thereof on record in Plat Book 5, Page 57, of the Public Records of St. Lucie County, Florida. ' '_' _ r-_' '___._f____ _ - ~ a ("~ _ " ,','.' - . - 1 ~_ • _ - . .. - ,• : ~ ~. ~; ~ , t, - - - - . - ~:~ ~, - ~ . - - . ~ . i ~ - - . ; . _ ,_~:,,•9; ~ ~_ ~:':;~-i ~ i i. G U i c; - - p? ~ - . ;-r• ' ~ . - S Receiwd ! --'~-~-~~ ~^ PeY~nent Ot Taxs~ Duo On Cla~ •.C.. ;ntanaible Per~~t pr~h Pwrwanc To cn.vr.71.13t, Aas a t~'7t. ~ w00~! l,OfT141f .r! ~~~~~Ca~ ~~ ~BI All bwtd~~gs. structures. and improvements oi every nature whatsoever now or hereaher situated on the sa~d property, and a11 furn+ture. furn~shings. ~.,ures mach~nery_ eqwpment. inventory and matenats on Srte. and perso~al property o: every nature whatsoe~er now or hereafter owned by ihe Mort ~:,+:~o~ and located m. on. or used or intended to be used ~n connetUOn wrth or w~th the operaLOn of sa~d property. bwld~ngs. structures or o:her ~mprove ~ N~,~s mctud~ng atl extens~ons addrt~ons. ~mprovements. betterments. renewals and replacements to any ot the torego~ng. and all of the nght t~tle and rv~c•st of Ihe Mortgagor ~n any such pe~sonal property or fixtures sub~e~.'t to a cond~tior.al sales contract chattel mo~tgage or s~m~Iar t~en or cta~m together ,. ~~ rhe benef~t of any depos~ts or payments now or hereafter made by the mortgagor or on ~ts behali Together with all and singular the tenements. hereditaments. easements and appurtenances thereunto belong~ng. or in any wise appertain~ng, and the ~ents ~ssues. and profits thereof, and also all the estate. right. title. ~nterest and all cta~ms a~d demands whatsoever. as welt ~n law as in eqwty. of sa~d !~lortgagor ~n and to the same. arxl every pan and parcel thereoi. and also spec~Gcally but r-ot by way oi I~m~tat~on all gas and electnc (~xtures, rad~ators. ~eaters. water pumps. a~r conduiornng eqwpment. mach~nery. boders. ranges, elevators and motors. bath tubs. sinks, water closets. water basms. pipes. !aucets, and other plumbing and heating f~xtures. mantels. ~efrigerating plents and ice boxes. wmdow screens. screen cioors, venet~an bl:nds. cor~~ces, storm Sn„tters and awnings. which are now or may hereaher pertam to or be used wrth, in or on said prem~ses, eve~ thpugh they be detached or detachable. are and snai! be deemed to be fixtures and accessones to the freehold and a part of the realty. TO HAVE AND TO NOLD the same. togethe- w~th the tenements. hereditaments and appurtenances thereunto belonging, and the rents. ~ssues end ;~of~-s thereof. unto the sa~d Mortgagee Tne sa~d Mortgagor hereby covenants w~th the sa~d Mortgagee that the sa~d Mortgagor ~s ~nde(eas~bly se~zed w~th the absolute and fee s~mple title to ,a~d propeny. and has full power and lawful authority to sell, convey. transier and mortgage the same, that it shall be lawful at any time hereafter (or the ti+. ortgagee to peaceably and quietly enter upon. have. hold and en~oy sa~d property. and every part thereoi, that sa~d property ~s iree and d~scharged trom all ens encumbrances and claims oi any kind. ~ncluding taxes and assessments. except those that may be set out above or heremaher, that the Mortgagor will ~ake at Mortgagor's expense and at no expense to Mortgagee such other and further assurances to perfect the fee s~mple t~tle to sa:d land. f~:tures and per- ~c>nal prope~ty in the Mortgagee as may hereaher be required: and that the Mortgagor hereby fully warrants unto the Martgagee the tule to sa~d property and n if dafenA the same aga~nst the lawful cla~ms and demands oi all persons whomsoever. . NOW. THEREFORE. the condrt~ons o( th~s mortgage are such that if the Mortgagor shall well and truly pay unto the Mortgagee tt~e ~~~.~ebtedness ev~denced by that certam promissory note oi even date herewith. made by the Mortgagor and payable to the Mortyagee ~~ tt~e FORTY-EIGHT THOUSANO AND NO/100------------------- 48 000.00 p~inr_ipal sum of iS ' - the t~nal ;:a~ment of wh~ch is due on March 9, ~~~ , ~ogether vnth any note or notes hereaher executed by the Mortgagor he~e~nby and m accordance wrth parag~aph sixteen of this mongage as here~naher set forth and secureii by the ben of th~s mortgage, together wrth ~nterest as therein stated, and shall periorm, comply w~th and abide by each and every the stipulations, agreements. conditions and covenants contained and set (orth m cn~s mortgage and ~n the promissory note secured hereby. then this mortgage and the estate hersby created shall cease and 'oe null and vo~d ANO. the Mortgagor does hereby covenant and agree 1 To pertorm. comply w~th and abide by each and every tha st~pulat~ons. agreeme~ts, cond~uons and covenants conta~ned and set forth m sa~d ;:~omissory note or note~. this mortgage end, ii eppliceble. the loan ag~eement between the Mortgagee and Mortgagor 2 To pay the indebtedness setured by this ~nstrument end eccord~ng to the true tenor and effect ot the prom~ssory note heremabove ment~oned o~ ~~ any renewal thereo(, promptly on the day or days the same severally become due. 3 To pay, before becom~ng delinquent. all obl~gsuons. encumbrances, taxes, assessments, paving. sidewalk, samtary and other assessrnents. lev~es o~ ~~ens, now a hereaher lewed or imposed upon or against the mortgaged property, and to exh~brt to the Mortgagee before such taxes, assessments. ! ens and encumbrances become delinquent the official rsce~pts tw psyment thereof, and ii the same w any part thereof be not pa~d before becom~ng del~nquent the Mortgagee may at any time pay the same with accrued mterest and charges, if any: wrthout waiving or aHect~~g Mortgagee's option to foreclose th~s mortgage, or any nght hereunder, and every payment so made shall bear interest from the date thereoi at Ihe h~ghest rate authonzed by law and afl such payments w~th mterest shall be secured by the I~en hereof S-MTQ-17 (I1/75) M 06451-015 1 ~.~ . ~ 3~O ~ ~,:E :.~~~~. ,.., 3ALLOON MORTGAGE '