HomeMy WebLinkAbout0984 THIS IS A BALLOON MORTGAGE AND THE FINAL PAYt~lENT OR THE BALANCE DUE
UPON MATURITY ~$35,9fi3.77, TOGETH,ER.WI" ACCRUED INTEREST, IF ANY,
j AND ALL ADVANC,,:r1ENTS MADE BY THE MORTGAGEL UNDER THE TERMS OF THIS
I MORTGAGE . _ 6r~O~9U _
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EXe~~iPd ~hP ~~~h~ day oJ August A. D. ~954 br
ROBERT TRAVER
hereina)le~ called Ihe mortgagor, to
OVIDIA W. GERHARDT
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hereina~ter called t~?e morlgagee:
(Nhere~Yr uxd 6erein thc tcrms "mortsa~or•• aod "mortsasn" include ~ll the pvtia to tli~ inswmc~t ~ed tAe rei+s,
leRal rcpresentatirn and asi ns o( indi~•idwb. and l6e succemn and ~siam ot torpor~tiom; ud tbe tcrs •'~ote••
inciude+ all t6e nutes ~ertin ~ribtd i( mote tlun one.)
~~tn~e~~ thnl ~or gooc{ and uulua6le ennsiderntions, and a~io in conaideration o~ the nggre-
gale sum named in ihe promissory note o) even date herewitl~, hereina~ter c~escribecl, tl~e mortgagor ltere-
6y grants. 6argains, sel~s, a~iens, remises, conueys nnc~ con~irms unto t~e mortgngee al~ fhe ctrtnin ~nnd
u~ wtiich t~e mortgagor is now seized and in possession ~ituafe in St . Lucie Countr,
, Florida. viz:
Lot 1, Block 5, LAKE~'OOD PARK UNIT 8-A, according to the
~ ~ + Plat thereof, as recorded in Plat Book 11, page 47, of the
Public Records of St. Lucie County, Florida.
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> THIS IS A PURCHASE P~IONEY FIRST MORTGAGE.
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Mortgagor covenants with the mortgagee that this mortgage
~ d i d edness secur d am sha 1 not be assumable
an the n ebt e by s e 1
7~ by third party purchasers from mortgagor in the absence of
~ specific written consent of mortgagee and assumption hereof
; y in regular form of law. Any sale of the above described
' property without such written consent and assumption shall
~ ~ be a default hereunder entitling mortgagee to accelerate
; i~ payment of any s~ams remaining due under the promissory note
; secured hereby and to foreclose this mortgage in the absence
of prompt payment.
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