HomeMy WebLinkAbout0930 iHIS IS A BALLOON MORTGAGE SECURING A VARIABLE (ad~ustable; renegatiable) RATE OBLICATIOH.
.;~SU~fING T~IAT THE INITIAL RATE OF INTE;.EST W,F.FF TO APPLY FOR TkiE ENTLR$ F.~tM OF '•~1tTGACE,
1HE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY WOULD BE APPROXIMAT~~Li~ $40,462~d, 'POCETHER
WITH ACCRUED INTEREST , IF ANY, AND ALL ADVANCErff.NTS MADE BY THE MORTGAGEE UA6~~'1'~'fERMS OF
'I'HIS MORTGAGE. THE ACTUAL BAI.ANCE DUE UPON MATURITY MAY VARY DEPENDING ON CNANGES IN THE RATE
UF INTEItEST. ~1'? ~
MORTGAGE ,7~~9~ I :
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THIS MORTGAGE. uc~cut~d thi: 27th ~y ~ December 85 2211 Okeechobee Road
:'ort Bierce, F'~orid~y JOHN D. MALLONEE, JR. and ELIZABETH H. MALLONEE, his wife `
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ot tM fust p~t. hKSin~ttw CNIM! dw Mortppor, wl~i~h brm as us~0 Mrrie? in w~Y iMtane~ sl~aN inciud~ tM Mortpapor's M~n. ~s~cutors. ~d~+n~strators.
s~cceswrs. IpN nprq~nt~tiws a~d aaipns, indudinp MI wbw~~+t pnntws. ~id~ voluntMr py acK of ~M part~s a ~+volunary by op~ratwn of law. and
snaii d~noc~ ~M w~,l~r and/ar plwM nnd Mr en~lir+~ and/a IMninin~. ~+d natu.ai ~a ~ni6aa~ osnons. wMrwvK ~nd wMrw~r eM ~~uYt so n-
o~~~ea a ~dmirs to RIVERSIDE NATIONAL BANK OF FI.ORIDA
• o~nkinp as~ociat~on. of tM s~co~+d part. Mr~~n~htr esllad tM Monpsp~~. wh~ch
~s~m s: ussd Mr~i~ in ~wry w~st~~+ca Mall inekrd~ tM IlAortp~p~~'s wocu~ors. lpal rpr~pnt~aws and ~ssrons. ~nclud~np a~e wbaqu~ni sss~9n~es. ~~th~.
:oiunury by act ot tM pa~ti~s a invoiu~t~ry by opK~tion ot bw. !
WITNEisETM: ~
THAT for d+vKS Qoud and valuabi~ ooMid~ntions. snd ~o W Na+h tfi~ p~ym~nt of tM lpprepat~ wm of mon~y nam~d m tM prom~ssory not~ ot
evon eaa Mrtwitl? h~ni~aRw n+M+tia~d. to~thN with inanse thN~on. ~nd N otMr wms ol mw»y Ncund Mnb~r ss Mnu+sit~. provi~d, tM
h~ortyapo~ do~s a~nL barQai~. NN. ~IiM1. nmiM. n1aM. COnvh? and oonfi~m w?to tM Mortpp~~. in fN simpl~.
; A I t M tollovvinp la~d: .
The North 1/2 of the following: All that part of the North ten ac~es ~
of Government Lot 2 lying East of the Florida East Coast Railway, in r ~
Section 23, Township 35 South, Range 40 East; subject to the right
of way of Indian River Drfve across said land, sometimes being other- ~
wise described as Lot 1, of C. T. 1~icCARTY SUBDIVISION, as per plat
thereof on file in Plat Book 1, Page 198, of the Public Records of ~
St..Lucie County, Florida, together with all riparian rights appertaining ~
• and in anywise belonging to the above land. p~ ~
I Received $ V ~ ~
i !n Payrsient Of Taxes i
E THIS IS A SECO:~1D ~DRTGAGE. , ' ; ~ ~ ~ ,~so~ PrO~?C~fn '
~ - Pu s.: ~n o _ . - ::~:s Of 1971. ~
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i Ger.; t~i. ..c,;-~, Lu:.~~ , .
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~ d) AU buiWu~ps. stnictuns, and irt~owmsnb ot twry natun whtHOw~r now or f~Nit~t s+tuaUd on tfw s~id prop~rty, and ~M tumitun. Ivmish~~?ps.
=;ures. mschinKy puipm~n~ inwntory ~ matKiab on siM. ~nd pKSOMI ptop~rty ot wtry natur~ whatso~wti ~ow a hN~ah~r own~d by tM Moh-
~ago~ •r+d locst~d u~. on. a us~d a int~nd~d to b~ us~d in oonn~ction wiM or wiM tM op~ntion of sa~d p.operty. buildMps. stnictw~s or othsr ~mpraw-
renis. ~nclud~np W u~tKaions. additions. imp~owrt~?ts. bstt~rn~nts. ~~nsw~b snd nplsc~m~nts to u+~r of tM forpwnp: a~d a8 ot th~ r~pht. t~tl~ and
,te~est ot tht Mwt~aQor in iny suCh p~r~on~l propKty Or futurp subj~tt to a tondit~o~al sa{~s tontrict. tMtt~f mottyaye or simdsr I~~n or claim to~ihar
, ti~tn ths ben~fit ot amr d~D~s a WY~ts now a Mnaft~r n+ad~ ~1? tlN n+aty~s~o~ a on ~ts b~haH.
~
~ Topotl?K vrith dl M~d unp~~iM tM bMrrwnts. h~r~diqst~nq. NM+tNnt~ Md ~ppurtN~anqs tl?~unto bNwpinp. or in ~ny wit~ +PWnaininp. s~d tM •
° -encs. ~ssws. and profiu thM~of. snd Mw M th~ ~stm. ripht. titN. int~nst Md ~N dafms ~nd d~m~nds wAabo~wr. a~ wNl in Isw ~s in puiry. of ssid
~ tiiortgayor in ~nd to tM ~atrn. and w~y put and p~roN tMttof. and aho p~ci6taNy but not by way ot limitstion NI p~s and ~bctric fixtuns. rsdistors. ,
~eaters. wat~r pumps. air oonditioninp ~puipn»rn, n?~ehN~l. boiNrs, rNp~s. N~vaWrs ~nd motors. b~th tubs.:inkt, wst~r clos~ts. wat~r basins. pipss• ;
~ ~3ucets. and od+~ plumbwq and hati~p 6xtwrs. m~ntNs. rNrip~ratinp plants and ia bo:a. windqw suNns. un~n doors. vtn~tisn Minds. comic~s. sto~m
u::srs and awninps. whieh an now a ms~r I~~h~r p~rtain to a~ us~d with. in or on said pnmis~s. w~n tFwu~h tMy b~ d~t~eMd w d~tschabls. an and •
~ s~ a i ~ t» d~smsa to b~ futuns and ~ to tM fnNald aid ~ Wn o! t!w nahy.
t
; TO HAVE AND TO HOLO tM Nm~. Lop~tfNr with t1N t~rt~ts. Mr~Oitam~nb ~nd ~ppurt~nanc~s tMrtunto bdonyinp, and tM r~nq, issues and ;
:.~or~ts tMr~of. unto tM uid MortpapN.
TM ~aie Mortpa~a I~rb~r ~ts wiM tM ~a+d Mortp~~ thrt th~ said IlRortppor a ind~t~uibl~? s~i=~d with ths absolut~ ~nd fee simplt ptt~ to
sa~d proplrty. ~nd has pow~t ~nd I~wh~l ~ud~oriq tp tN1. eq~~e~y. trae~r ~nd tnortp~p~ tM san~: that it ~haN b~ I~vrful at arry timt henaha tor tM
~ o~gaq~ to p~apably ~+~d qui~d~r ~ntM upon. haw. hold and ~~o~r ~sid prop~ty. ~nd ~wry paK tMnaf: that said prop~Ry is irN snd dischar~d from NI ~
ens. ~ncumbancas and e4itns o/ {
Mry khd. ind~dinp tax~s and aa~satfK?b. ~xcapt tlwN that rt?ht b~ ~tt out abov~ ot h~ninait~r: that tM Mort~a~ot wil{
mske ~t MortQpor's ~xpKiM and ~t no ~M to MorLpipN ~ueh othN and furtMr asutsnoM to ptrt~et tM fN simp{t tit{~ to ssid land. fixturq ~nd pa• .
~ona~ prop~rty in d» Mortp~pN aa msy h~ra~ftK b~ trquih0: ~nd thtt tM Mortp~pa Mnb~r tuilp waR~nt~ unto tM Mort
pspN tM titl~ to said prop~rty ~nd
wiil d~f~nd th~ lam~ p~k~st tM bvrtul Cbims Md d~marNl~ Of ~ pKiOM whortl~ofvK.
~ NOW. THEREFORE. th~ oonditio~s of Mia matpp~ an wd~ that if tM Matp~Qor ~hall vwfl and uuly paY unto tM Mortpiys~ tta
,r~debt~dr~ss rrid~npd by that pn~~ p~~omiswry rwb p( day M~wit~. mad~ by th~ MOrtp~por and paYibt~ to tM Monp~~ in tM
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` FIFTY THOUSAND AND NO 100 , 50,000.00
i ~nc:pal wm of ~ :
~ 1. tM finsl
~ Gayment ot wh~ch ~s dw on Uecember 27, 1988 ~yy ~t~ a not~s Mruh~r ~x~cut~d by th~ MortQia~or
C "8~embY i^d i^ ~xadanc~ with Pupraph ~xt~ d this mortpap~ ss M~Rsr pt iotth and Mcur~d by tM lan of this mwtya~, to~tM~ with ~ntenst a:
. ;;,e~ein scaad. and shaU p~Aorm. oomply with ~nd abid~ by ~ad~ ar~d wwy q» ~puupons. pr»m~nq. ~pnd;tions and cowMnts contiin~d and s~t forth ?n
! n~ s mortqa~ u~d i~ tM promet~ory not~ ~und hw~by. tMn this mortpa~ a~d tM rsaa Mnby cnat~d shalf c~aa •nd b~ null and vad
~?N~. tM Mort~qor do~s harrby cov~nant ~nd prN: ~
t. To pMform, oompyr with ~nd sbid~ by uch aod w~y tM stipulations. sprNm~na. corsditiorss ~~d cownsna conulned ~nd s~t tonh ~n said I
arom~ssory not~ or ~wus. this mortpi~ ~nd. if ppNC~bN. th~ bsn aprMen~t b~twMn tM Morl~apM and Mortp~~or.
, 2. To pa~? iM ind~b0~diwM NCwtd b~? this iMtrumN~t and aooordwq to th~ ttw t~nor a~d Nt~t of th~ pomissory not~ hK~inabovt msnGOn~d or
any nntwsl tMf~o1. p~Ompdy On 1fM dh? Or d~r tM MnN MvMNlr b~COm~ dw.
3. To pn?. bdw~ b~oominp dMin4uMq. W oblipatiw~s. ~rxx~mbranC~s. tsxM. stwsim~nt~. O~~+p. ib~wafk. saniuty and othar ~as~ssm~nu. Iw~ts
or i,~ns. now a h~nNtK Iwwd a YnpoMd upon or psirwt tt» na~tpp~d Dropab. ~nd ~o ~zhibit co tM Mortpa~ b~(a~ such tsu~s, ssstssm~nu.
::ens u~d ~nCUmbaneM b~oOnN dNM~q~Nnt dM ofRtiM nC~ipts i0r p~Yn~nt tMnot. and if th~ sanw a~ny ps~t th~rw! b~ not pud bNon b~cominp
de.+nqu~nt tM Mortpp~ n~? at +er~? tim~ pNr t1N sanM with aC~rut~d intsnst ~nd eha~s. if ~y. witlwut wsivwq a aff~cti Mort
r+p ~'s. option to
ror.elos~ tha rr+onqp~, or ~pr ripM hKy,~r~r. ~d wa~, pq,m~e~t ~p ~ ~haq pw~;nt~nst kom tM dat~ tMno1 st tM he~st ~~a autr~on:~d by law
a~d s11 suClf p~yrtl~nq with intwMt lh~M b~ NGUt~d b~I !M IiM Mnof.
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~ s~rrai~~a«.sn~~ Masossa~s ~~~v/ BO~K ~ PdGE ~~~7
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