HomeMy WebLinkAbout0939 . 'Ilii$ is a ballnon mox~Gqage secit~ing a var3able ad~ustable rate
~ obligatian. Assusnia~g tha~ t,he initial rate of interest w~ere
to apply for the entire t~xm of the mor~gag~e, the ~inal. payment
or balar~oe due up~ maturit~ wnu~d be apprax,imate3X $~.1, 23~.40
togethEx with avcruad in~ex•est, i~ any; ~and al.~. advan~nts
FOR: HOME EC1UtTY CREDITLINES made l~y the mou~tgage tuxl~r the te~~ q~ thi,s mortgage. Th~
- act~aJ. balanae due t~on maturity m~y va~.Y de~r~ding on Changes
111 1.11C ~a~JC ~l 111~J-'rJ.~'+$l.e -
c
Mortgage and Security re ent ~ 1~
. _
m
. . .
This Mortgage is made this 2~t1'? day of _ ~'n1;Ar~ 1
Q~6 by and between ~ ~
KA~L E. I~IId AI~ID IlQEZ B. I~E_~a his wife ~
("A4ortgagor"), and Barneti Bank o! St. LtzCie Cotlnty ("Mortgagee"), ~
. the address ot which is _900 East P~'ittt~ Vista B1vd. , Fort St. LuCie, Florida 33452
Witnesaeth:
WHEREAS. Mortgagor is indebted to Mortgagee in ihe p~incipal sum oi APID
~ 00/100~~***
~ together with interest thereon, as evidenced by the CreditLine Agreement (the "Note")
of even date herewith, axecutsd by Mortgagor and delive~ed to Morigages, may (tuctuate up and down from time to time,
and all sums advanced under the tine of c~edit or otherwise owed under tha Note pertaining thereto sha!! be secured he?eby,
and no notice of any advance need be recorded to evidence such advance. The Note by reterance is made a part hereof
to the same exient as though set out in fuN herein;
NOW, TNEREf ORE io secure the performance by Mortgagor of all covenanis and cond+tions in lhe Note and in ihis
Mortgage and in aN other instrumenls securing Ihe t~ole, and in order lo charge the properiies, interesis andrights hereinafter
described with such paymenl and perfoimance and to secure additionaf advances, rene~.vals and exte;~sions thereof and tor
and in consideration of the sum of Ten and no/ 10~ Dollars ($10.00), Morigagor does hereby mortgage, sell, pledge and assign
to Mortgagee:
Ttte M~rtgagsd Property
(A) All of the land in ihe county of St. I~2Cie - , described below:
Tract A, Block 83,RNIIt PARK, UNZT 10, a_Seabdivision, aa~ording to the Plat ~f, as
reoorded in Plat 14,pages 29 & 29A of the Public Reaords of S~. Lucie County, Florida
ta have and to hold the same, together with all the improvements now or hereafter erected on such prope~ty and all fixtures ncw
or hereafter attached thereto, together with each and every tenements, heredilaments, easements, rights, powers, privileges,
immunities and appurienances thereunto belonging or in anywise appertaining and the reversion and reversions, remainder ~
and remainders, and also all the estate, right, title, interest, homestead, right of dower, separate estate, property, possession
and claim whatsoever in law as well as in equity ot Mortgagor of, in and !o the same in every part and parcel thereof unto
Mortgagee in fee simple. •
(B) Together with a security interest in all fi7ctures afiixed to and personal property, excluding household goods which are
not purchased with the pro~eeds of the note, located on the property described in paragraph A.
(C) Together with all rents, issues, profits, revenue, income a~d other benefits from ihe property described in paragraph (A)
hereof to be apptied to the indebtedness secured hereby, provided however, that permission is hereby given to Mortgagor so
long as no default has occurred hereunder, to collect, receive, and use such benefi[s from the property as they become due
and payable, but not in advance thereoi.
(D) Everything referred to in paragraphs (A), (B) and (Cj hereof and any addit+onal properiy h~reafter acquired by
Morigagor and subject to the lien ot this Mortgage or any part of these properties is herein referred to as the "Mortgaged
Properl y."
PROVIDED ALWAYS, thaf if Mortgagor shall pay to Mortgageethe Moie at the times and in the manner stipulated therein,
and in all other instruments securing the Note. includ;ng renewals, extension or modif icalion thereo(, and in this Mortgage and
in all olher instruments securing the Nole, fo be kept, per(ormed or observed by Mortgagor, then this Mortgage, shall cease and
be void, but shall otherwise remain in full force and efiect.
Morigagor covenants and agrees with Mortgagee as foffows:
t. Compltance wlth Note and Mortgag~ Warranty oi Tttle. Mortgagor sha(I comply wilh all provisions of the Note,
~ ihis Mortgage and o( every other instrument securing the IVote, and wiH promptly pay io Mortgagee the principa! wiih interest
therecn and aU other sums requi?ed !o be paid by Morigagor under the Note and pursuant to ihe provisions of ihis Mortgage
and of every other instrumerit securing Ihe Note. Mortgagar co•renants ihat Ahortgagor owns and is indefeasibly seized oi the -
f tvtortgaged Property in tee simple, that the Mortgaged Property is iree irom all encumbrances except as noted in the iegal
description abave, that Mortgagor has lawful autharity to convey, mortgage and encumber Ihe same as providad by the
Mortgage, ihat Mortgagee may peaceably and quietly enjoy the Mortgaged Properiy, and that Mortgagor will defend the
Mortgaged Property against 1he claims ot al! persons whomsoever, and ihat Mortgagor so warrants. _
2. Peyment of Taxas and l,ieiis. Mortgagor shall pay all the taxes, assessments, levies, liabililies, obligations and
encumbrances o! every nature now on the Mortgaged Property or that hereatter may be imposed, levied or assessed uponthis
Mortgage or the Mortgaged Property or upon the indebtedness secured hereby. All such payments to be made when due and
payable accordingto law betore they become delinquent and before any interest aitaches or any penaliy is incurred. Insofar as
any indebtedness is of record the sams shall be promply satis(ied and evidence of such satisfaction shati be giren to
Mortgagee.
3. lnsurbnce. Mortgagor shatl keep the Mortgayed Property and the improveme~ts now existing ar hereafier erected on
Piev~a~s ed'on G Feb PA may be usetl. . 11022) Aiy Eb (04A~ .
e~o s ~ ~ ~ASEo ~ 3~