HomeMy WebLinkAbout0990 THIS IS A BALLOON MORTGAGE AND THE FINAL PAYr±EN'T nR TNE BALANCE llUE UYON MA"TUR1'TY 15 I''~
$ 10,000.00 , TOGETHER WITH ACCRUED INTEREST, IF AIVY, AND ALL ADVANCEMENTS MADE BY
THE MORTGAGEE UNDER THE TERAlS OF THIS MDRTGAGE.
'~2$41bi
MORTGAGE
THIS MORTGAGE. ~x~cutsd tAis~ 16th d~y p~ September .~s85 2211 Okeechobee Road,
r'~rt Pierc:e, Florida ~ STEPHEN H. SMITH and DONNA L. SMITH, his wife ~
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o! tM fint part. MrNnah~r eNl~d tM Mortpapor. wh~ch t~rm ~s uNd h~nin ~n ~wry ~nsbnc~ 1ha11 ~nclude th~ Mortyapor's h~~rs. ~~~cutors. adm~mstrsiors.
wcc~swrs. Np~l r~~s~natiws ~nd assipns. i~cludinp all wbs~qu~nt qr~ntMS. ~ithsr volunt~ry by act of cM p~n~~s or ~nvolun1~ry py op~raaon of Iaw. ana
tMli d~fqt~ thi NnQYI~~ ~~d/Otp~ ut~l 11~ tM T~{CUI~M ~f1d/O~ f~TIf1fM. ~f1d f1~tYt~1 ~ttd/p~ ~ftt~it~ll O~f{Onl. Wh~Mv~r aAd Whfr~v0! lM rA~llxt 50 r~-
ou~ry a~dn+ns to RIVERSIDE NATIONAI. BANK OF FLORIDA
• Wniunq ~ssoc~sta~. of th~ t~co~d p~rt. Mr~~nafter c~lled IM Mortqa9e~. wh~ch
term as us~d Mr~~n in ~v~ry inst~nc~ ~hall inclucN tM Morty~Q~i t wtcasson. laqal r~Dr~s~nt~t~v~s ~nd ass~qns. ~ncluQ~np all suDsepu~nt sss~gnaes. e~~he~
volunt~ry by act of the parti~s or involuntary by opsnt~on of law.
W 1 T N E i S E T N:
THAT for div~n yood and valuabl~ conf+d~ntion~. and dso to s~cun tM psymMt of th~ s~~p~a wm ol mon~y nsm~d ~n th~ prom~swry note ot
av~n dat~ Mrtwith. Mr~inah~t rMntiotwd. top~tMr with ~nt~rqt tMr~on, and all ot1?K wms of mon~y Mtur~d Mnby ss h~rt~n~h~r prov~ded. tM
Mortp~por dws qrant. bar9ain. qll, Ni~n, nrrwN. nl~ip, conv~y and con4rm unto tM MortpepN. in /N s+mple.
(A) tM tallowinq I~rtd:
Lot 5, Block A, COUNTRY LIVING ESTATES, UNIT ONE, according to
the plat thereof as recorded in Plat Book 18, Page 13, of the
Public Records of St. Lucie County, Florida. ~~,py~j
~~y~ ~ , ~a; r.;ent Of Taxos
THIS IS A SECOND M~RTGAGE. Due Cn C~ ' Property~
Pursuant T~ i:.: , . _ , . - Of 1971.
Ru s~~K rtii i ~:i1S
y
Clerk Circuit Court, St_ Lucie, Co., Fla.
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY IS
$ 10,000.00 , TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMIIdTS MADE BY
THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
td1 All bu~ld~nps. structuras, snd improvsments of ~v~ry nature whatsow~r now or h~rsahtr situ~t~d on th~ said property. ~nd atl lurniture. furrushm9s.
~xcures. mach~nery. sqwpment. inventory snd msan~ts on s~te. ~nd p~rson~l prop~rty ol ~very n~ture whatsoever now or hereaher owned by the Mon-
iagar ~nd located m. on. or used or int~nd~d to b~ ut~d in conruCtion vmth or wrth tM op~r~t~on o( ta~d ptop~rty. bwld~ngs. ttruttur~~ or otMr ~mprove-
},en~s. ~ncludmg all extensions. add~tions. improv~m~nt~. b~ttKm~ntt. ren~wsls and r~pl~c~ments to any o/ tf» for~9o~ng: a~d stl ot the r~ght. t~tle and
~•ceresi o1 the Mongsgor m any such penonal prope~ty or fixtur~s wbiect to a cond~uonal ssfes contract. chst[el mortpage or s~mdar I~en or cla~m togethar
-.~tn the ben~f~t of any dspos~ts or payments now w Mr~~h~r msd~ by ths mortyagor or om its behslf
~ Topsthsr with ~II and sinqulu tM ttn~monti. 1»nditam~r+ts. ~aNm~nn ~nd appurt~narx~s tMnunto b~bngin~, or in ~ny wis~ spp~rt~ininfl. ~nd th~
k ~or,to, iuues, and pro6t~ tMnof. ~nd ~ISO Nt tM ~~t~t~. ri9M. tiW. int~rnt ~nd ~II clsims ~nd d~mands whatsoever, af wNl in law ~s in puit~r. ot sid
hlo+tpspor in and to tM sam~, and w~ry part and parul tMrwf. ~nd aiao sp~cif,ully but not by way ot limitation sll qas snd N~ctric 6xtur~s. redi~tors.
~ hea~ers. wste~ pumps, air conditioninp puipm~nt, m~chin~ry. boiNrs. nn~s. N~v~ton •nd moton. bath tubs. sinks. wst~r cbwts. waar buins. pip~s.
€ faucets. snd oth~r plumbinp snd t?~~tin~ fixtur~s. m~ntds. nfrip~r~tinp planta ~nd ic~ box~s. window urNns. scn~n doon, v~netisn blinds, cornic~s, storm
~ snutt~rs snd swn~nys. whiCh ~n now w may h~nah~r p~rtain to a bs us~d with, in or on said prsmisss. ~v~n thouyh they b~ dst~ct»d or cetachsbb. sn ~nd
sna~l bs d~sm~d to b~ tixtur~s ~nd ~cc~saori~s to th~ hNhold ~nd • part o~ tl» ndty.
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~ TO HAVE AND TO KOLD tM am~. t th~r with ths t~n~n?~nts. Mr~ditarn~nts and ~
~ og~ ppurnnanc~s th~r+unto b~lonpinp. a~d th~ nnts. ~ssues ~nd
~~o~~cs thersol, unto the said Mortyaq~~.
~ TAe ss~~ Morspapo? Mnby covenants with th~ said MortpaQN thst tM said MortQapor is ind~tusibly ssi:sd vr~th the absolute and (se s~mpt~ t~tle to
sa~d property. ~nd has tull pow~r and lawful ~uthority to sNl, conwy. transf~r ~nd mortp~y~ ths sams: that it shall b~ I~wful at any time hereah~r tw th~
'~lortgaQse to p~ac~~Wy ~nd quNtly MtN UpOn. h~V~. hold end ~njoy ~aid prop~rty. and ~v~ry pan thuwf: tfiat said p~opsrty is trs~ and dischsrQed from sl!
'~ens. ~ncumbranc~s snd cl~ims of any kind, includinp Ux~s ~nd asas~menb. ~zc~pt thoss that m~y b~ s~t out abov~ ar hereiniher: that the Mortflayor will
make at Mortpapor's ~xp~ns~ and at no ~zp~ns~ to Mortpa~ wch oth~r ~nd furtMr assursnces to psrl~ct th~ i~e simpl~ title to said land. 6:tures ~nd p~r-
sonsl prop~rty in tla Mortp~y~ ~s may Mr~ah~r b~ hquind; ~nd that tM Mortpspa h~r~by fully warnnts ~nto th~ Mort9spee the title to p`d prop~rty and
yv~~~ dshrw~ tM sam~ ~pain:t tM I~wlul Naims ~nd d~mand~ oi ~li psr~ons whomswvu.
NOW. THEREFORE. th~ conditions ol this monps;~ •r~ wch that if t1+~ MortgaQor sh~tl w~ll and truly pay unto th~ Mortysqe~ the
^debtedr~ss evid~nced by that urt~in promissory not~ ot ~v~n d~t~ h~rewith, mad~ by the Morty~Qor snd psyaWe to the Monps~ ~n ths
g ~nnapal sum ot TEN THOUSAND AND NO/100 ~s 10,000.00 ~ i~ t,na1
~aym~nt of whith is du~ on demand , to~th~r witn •ny not~ a not~s h~r~ak~r ~:ecutsd Dy th~ Mortpapot
neretnby ~nd in actordant~ with p~r~praph WxtNn of this mortyp~ as Mr~in~h~r t~t torlh and Ntur~d by th~ li~n of thi~ mortyafle, toyethsr w~th mt~rtst as
~`~erb~n st~t~d. and shaH p~rtorm, oompty with ~nd ~bid~ by uch ~nd ~wry th~ stipulations, s9rNrr?~nts. conditions snd cov~nants conain~d and su fonh ~n
cn~s matpa~ and in tM promis~ory not~ s~cund t?K~by, th~n thi• mortwg~ and tM ~st~t~ Mroby cr~~t~d shall ce~se and b~ nuli and void.
AND, ths MortQsqor do~s Mrtby cov~n~nt ~nd ~prN:
~ 1. To pK(wm, complyr with ~nd abde by e~ch and ~v~ry th~ stipul~tions, aprNm~nts. condrtions ~nd covsnants contamed and set forth ~n sa~d
~ prom~ssory not~ or not~s. this matpap~ and, if applicaW~, t1+~ loan a~Mm~nt D~twNn tM MortpayN ~nd Mon9a9w
~ 2. To pay th~ ind~btadns~a s~cund
by tAis ~nstrum~nt ~nd ~ccord~ny to tM trw t~na and ~H~ct ot ths promis~ory note h~r~insbov~ m~nuoned or
ef fry r~n~w~l tMraof, prompeM on eM day a days cn. sam. s.v.raiW b.eom• du~.
~ 3. To pay, b~fon b~somirp dNw~qwnt. ~II oplpatia?~. ~ncumbr~ncq, Ux~s. autsarrwnU, pahnQ. tid~wNk, sarntary ~nd oth~r ass~ssmsnts, lev~es
~ ar li~tu. now or hsrphM Isvi~d or i
~u mpos~d upon a p~inat th~ mortOaQ~d prop~rty. ~nd to ~xhibit to th~ Mort9agss bstore wch ux~s. assaisments.
~~~ns and encumbr~nep b~oorn~ d~l~nqu~nt th~ offici~l r~ipq (w pay+nant tMnof. ~nd ii th~ san?~ or any pa?t th~r~ol b~ not pa~d beton b~cominy
daiinqw~t th~ Mortpaq~ rr~y ~t ~ny tim~ p~y th~ urrw with ~ccru~d mt~nst and charQ~s, if sny. without wsivinp or •Hectinp Mort9sps~'s option to
~ torecloN this matyap~, a~ny ripht h~r~und~r. and ~wry p~ym~nt so mad~ shall b~ar mt~r~ft from tM dat~ tMr~of ~t th~ h~phsat r~te authon:~d by Iaw
~ and all wch paym~nts with int~r~st shall b~ acund by th~ t~~n Mrwt
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~ sarro-i~~a«.sfis>iwasas~ois ' ~lK~ 1 ~ VV{~
~ eu~c pa~E
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