HomeMy WebLinkAbout1588~o ~taue and to ~lold f~~r sanu•. fu<~~•I~~i~r tr~t~~ i{i~~ f~~ru~m~nfs. J~e~i•~~~luntrufa ani~ upp~~rlN ,
-uuu•rc f~i~•-~•fu ~~~•~un~~in~~. nr~r~ I~ir mnfs. iss~u•s nn~~ proJils 1~~rrru~. untu 1{ee mo-Iquyer. in ~v~ simp~~•.
~nd l~~c~ m~»I~~ngor ru~•~~ncu~ls u~if{~ t{u~ mo~lgn~~~~e i~ial t~~p morl~~agur is irurr~~•usi~i~y se~iz~t~ o~ sui~~
lan~l in jrP ~irnpl~•: tl~~t tli~ mortl~at~or has yu«1 ri~~ht ancl ~au~/u~ aul{~oritv lo 'c•onnpy said l~u~d ns af ore i
.nirl: Il~nt th~ niorfquyor u~ill mu~~ such /e~rt{~er assur4ni-ps 1o pe~fPCt the JP~ simple tiflp fo sui~l ~and in tliP
neurli~ug~v as ~ia~ rc~nsona~ily Eu~ rr•yuire~~: 1{~al the morl~~agor ~iere'~y ~ul~y u~arranfs f~~e fif~N fo sai~ ~~~n~
an~i eri~~ ~~P~~•-u~ f~~e snme a~~ains! i~ie ~au+~u~ claims o~ aII persons u,~omsoei~er, an~ f~~af sai~ ~anc( is ~ree ~
~ iuui ci~•ar ui aii r~rtcumbran~-es except YUr : ~
, A) Mortgage to ~he First National Bank of Fort Pierce (P/K/A ;
Southeast First National Bank of Fort Pierce) recorded in Official
Record Book 245, Page 144 of the Public Records of St. Lucie Co~nty
Florida as modified by Mortgage Modification and Spreading Agre$ment
dated June 3, 1978, recorded in Official Record Book 295, Page `
1515~ et. seq. of the Public Records of St. Lucie County, Flori~a
and as further modified by Mortgage Mo3ification Agreement date
November 6, 1980 and recorded in Official Record Book 347, Page;
1S6b et. seq. of the Public records of St.~ Lucie County, Florid~
which encumbers the real property designated Parcel One and Thr~e
herein and secures a Promissory Note in the original principal ;
~,,,. amount of $436,718.29 with an approximate unpaid principal balat~ce
,'' as of date oi $ 5.:~6~/L//_ :~~
B) `tortgage to Sun Bank of Saint Lucie County, Florida recorded in;
Official ~ecord Rook 233, Page 276 of the Dublic Records of. St.~
Lucie County, Flori_da as modified by Mortgage ?~odification Agre~-
ment dated March 21, 1980 and recorded in Official Book 332, Pa~e
I792 of the Public Records of St. Lucie County, Florida, which '
encu~bers a portion of the real property designated Parcel Two i
herein and secures a Prommisory Note in the original. principal '
sum of $205,000.00 with an approximate unpaid principal balance:
.~;~. as of date of $"<c ~, ~' c'-/. ~~
,
P~OVIGED AL~JAYS that said "•~ortgagor shall pay unto said '~(ortgagee
the certain Promissory Note hereinafter substantiall_y copied or ider.=
tified to wit:
s 911,185 , 57 --- Ft :... Pierce Fia,ea NarCh 26.._ .__ .~ 81
fOR VAWE RKHVEO tfie undsrs~9ned prom~xs to pay to the orde. ot
Iucille V. Costa ~d George A. Costa
,,,~ p,.~~,~~ ~,~, ~ i3ine in,mdred eleven thausand_one cnmcired eight_y-five 57/J~Qa„ ~s9~1,1~i5.57 i,
Ip~tF.Pr with interesi lherean frcm dale. at fhn .a-c of ten ~Z~~ _ •••••••.•.--......~ cenl, per . ~1~-m .. unr,l matunly sa,d ~ntrre9
tx n9 ~arabk Q~rteT c~1U~31L~J,~e lst a.,,, o, April ~ 1981 ' ,~d quarter atmually thereafter
oc-swVOa-. both p.~ncipal a~d ~~.teres~ be~~g payabk ~.+ Irwhd money o11hE i/nited Stares w~IS eq~:•vi~crl, at 854 River poad, New tiilford~
Ne~w Jersey ~7~F~ ., ~,~ pr,.,c,pal sum -o be par.~bk on ihe dates and ~n Ihe amounts
speuLed below, lo•wd
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The e~ntire impaid principal togeti~er witii any accYVeci and cmpaid interest being payable in
fuil seven (7) years ~ram the d.ate hereof_
Tt-~is note ma_y be prepaid in who?e or in part at any time without penaltv.
Itiis note is ;~~bject to th~e t~~*_m5 ar ~ provisions ~ a mor~ ~a~e ~f ,~ven c3are.
:•taker shall have no liability ~mder this note and Pavee's recaurse shall be against the
collateral.
E~ch maler and endo.ssr u~e.afly wai+es dema~d, prMes~ and no~~ce o1 marw~ly, ron-paymi•nt ~ p.olrst and all requuernenls necess.~ry fo holA sach d
them I~able as make.s and ._•ndo.sers
Each ma;er and endwsr (w~ho. ~yreey jo~Mly and seve~ally, rn p.y atl coti~s o( c~,ll. ~~~on, ~nciud~nq a reasonahls a~lorney's tee in csse tht pnncipal ol
rh~s no~e u any paymenf on Ihe pr~nc.~a~ or anr .nte~est IM•.eon ~s oo~ w:a ~!re r~sf~tihv¢ n h,•,ty the~eol, o. m•_as~ d becornes necessary fo prolecl the
sccur~t; hered, whelher su~t be b.~uyhl oi n~t Rl~eSt 13Wt11~ rate
Th~s nde and delerred mteres~ µirrrx~, s shall bear ~nterest a1 Ihe >a1e c ..` .__ p.w r~M, p~•r ..~num t~om matun/y cn~d pa~A
Th~s nde ~s secured bv a' " morigage of eve~ da!~ hcrew~th an~' n lo be cr,~~rc- ,1 .,n~1 r~d•xtc~1 Juordm9 to the laws ol ~he SIa1e o1 Floncia:
uoor. ~iclauli i~ Ihe paY~'M~ ol pnnap.el a~ior mtere+t d~e o~ any -:ute scwred br sa~d Mor~g.yc all ~iqles so !~tur~d •nd rem.aimng unpaid shall forlhw~lh
become du~ and psrable notwilhsrand~ng ~F~ei~ tencv _ j , - _ -
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