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HomeMy WebLinkAbout0961 ~ ~ww~~wot ocao ~ Ii I~AMCO IOQM R[• ~ow~ •o~r ~ • ' St-44~596 s~~ . ~ ? ? ! f:xPCUte~ t{~~ 14th ~~QY a~ September 19 83 h~' f' David L. Houston "J ~ ' ~tereina~f~r c~~~et~ the morfguyor, to Robert A. Van Natta, James A. Fredenburg, and James E. Lance • ji {~erPinafler ca~~ed the mortgagee: jl r ~ 1N6ere~~r uxd herciu ~Ae term~ •.mortRaRor•• anc~ "u.urtta[K" ioclude all the puties to ~Ais irowmtet aod tAe 6~i», ieaai reyrexnuti~o aoo usiRns ui ioaa.uiuac. . . ~ncludrs all tAe OuIH hercin dr~cri6ed if mure tAan one. i I~ ~ ' ~~tn~e~~ tl~ut Jor good and i~alua6le considerations, and also in consideration o~ the aggre- , , ^ i: ~atp sum named in the promissory note o~ ei~en date {ierewith. 1?ereinaf ter descri6ed, tke mortgagor here- ~ 6y grants, bargains, sells, aliens, remises, conveys and con f irms unto 1{~e morfgagee a11 tF~e certnin land , -i i; 'I _ ,_ii oJ w~ich the mortgagor is now seizec~ anc~ in possession situnfe in St. Lueie County, ;;jj F~orida. i~iz: ~ ~ The East 1 foot of the South 150 feet of Lot 17 and ALL of Lot 18 ~ LESS the East 1 foot , Block "D", B. HOGG'S ADDITION TO FORT PIERCE, according to the plat thereof as recorded in Plat Book 1, page 1, v of the Public Records of St. Lucie County, Florida. , , ~ THIS IS A BALLOON MOiTGAG2 AND TEiE FINAL PAYMENT OR THE BALANCE ~ ~ $67 51.9 DUE UPON MATURITY IS ~ , TOGETHER WITH ACCRUED INTEREST, ~ IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS x OF TNIS MORTGAGE. ~ ~ ~ c ~ a. c~ THIS IS A WRAP-AROUND MORTGAGE. At the time of the execution of this mortgage, there is outstanding a mortgag ~ , in favor of Marvin G. Combs and Louene Combs, recorded in Official Records Book 28 . pages 1517 to 1519, Public Records of St. Lucie County, Florida. ~ At the time of the execution of this mortgage, there is outstanding a mort- gage in favor of AVCO Financial Services, recorded in Official Records Book 307, ii pages 2748 and 2749, Public Records of St. Lucie County, Florida. A. The Mortgagor agrees to comply with all of the terms and conditions of th prior mortgages other than with respect to the payment of principal and interest due under such mortgages. o Q . t ~Y;-f o; B. If the mortgagor shall fail to so comply with all of the terms, provision , ~ and conditions of the prior mortgages so as to result in a default under them p (other than with respect to the payment of principal and interest due), that failu .._1r~ on the part of the mortgagor shall constitute a default under this mortgage, and shall entitle the mortgagee, at its option, to exercise any and all rights and ;j_:!~~~t remedies given the mortgagee in the event of a default under this mortgage. ; y y~ :.~~WS/ C. The mortgagee agrees to pay to the holders of the prior mortgages the un- Q!z ~ paid principal balance of such mortgages, together with all interest accruing under N them as and when required by the terms of such mortgages. ~j~- !iti ~ti D. All those payments provided to be paid by the mortgagee pursuant to the provisions of (C) above shall be made by the mortgagee before the expiration of the "1~`=~~~~~'~~ applicable grace period provided for those payments as contained in the respective ; :s £ fi ( Prior mortgages. ~.vr:;;C~E E. The mortgagee's obligation to make the respective payments of principal and interest as and when due under the prior mortgages is conditioned upon the ~ jjfollowing: ~ a. The mortgagor shall not be in default under this mortgage. b. The mortgagor shall comply with all of the terms and provisions of ~ the prior mortgages other than with respect to the payment of prin- ~ cipal and interest due. I SEE ATTACHED ADDENDUM ~ ~ `I ~ ~ S _ .~+J'„K 4 ; I~r~411 ?AGE 9SO ~ 1 ~r•~- - - t w - - ' . . r....~-~ .