The URL can be used to link to this page

Home My WebLink About0995 , J~ ,/~J ~xed f~~i~~ ,v~~tF. r/ ~L r~ ! Direct Property Related . ~ MORYGAGE~~~~~~ ~ j, ~~«~yittrFature Advanca y 4 J. THIS IS A BALLOON MORTGAGE AND THE FINAI. PR{N~IPAL PAYMEfdT OR THE PRINCIPAI. 9ALA~E DUE UPON MATURIYY IS x~~~~.2- 7~ , TODETNER WITN ACCRUED INTERES7, IF ANY, AN~ ALL AbVANCEMENTS MADE BY TMF MOR70AGEE UNDER 7NE 7ERMS OF 7NIS MBFtTl3A(3E. J!~J ~ MORYOA~E ~ ~ ~ THIS MORTGAGE, ade thi: 1Gth day of November , A.D,, 19 86 tiotween Christopher T. ~ Cliunnon and Patr~cia M. ,n $Rnk/Tr .a~ i AR Nattonal Ctiannon s w e (Mortgsgor) end s~~ ~~~~5..., - ~8~'aAf a iQn (Mortgagee); (NAM~ OF IENDEAI WI7NESSETFI, that Mortgagor, for and in consideration of the pram(ses and in order to secura the payment of the principel - and interest on the ~ote (as hnreinefter dafined), Mortgegor hareby grants, auigns, transfers end mortgages to Mortgagee, its successors ` and atsigns forever, the fol~owing described reel property in St. Lucie County, Florida, to wit: Lot 8, Block 22F, SOUTH PORT ST. LUCIE UNIT SIXTEEN, according to the Plat thereof, ; recorded in Plat Book 16, Page 43, 43A Through 43B of the Public Records of St.Lucie ~ C~unty, Flnrida. T;{TS IS A r7RST NORTGAGE. THIS IS NOT THE t:Or~;STEAD OF T}iE I~~OK'1'GAGO1tS 's~ (hereinafte~ referred to as the Mortgeged Property); and the Mortg~gor doss hereby fuliy warrant the title to the Mortgaged Property and witi defand the samo egainst tha Iswfu! claims of all persans whomsoever. PROVIDED ALWRYS, that if Christopher T. and Patricia M. Channon , the Allaker(s) of that certain ~ iINSERT NAMEISI) % promiuory not~ deted the dete hereof (the Note), their hair~, lega) representaiives or auigns sha(i pay to Mortgagee the ~ 36,550.00 • principal sum of $ es uvidencsd by the Note, with interest and upon the term3 as provided therein, the final matu- ~ rity date of the Note and of this Mortgage being November 14 ~ ~g g4 , which Note provides ihat atl insteliments f~ of principal end interest are payabte at the oHice of Mortgages, or at tuch other place as the ho~der may designete ir~ writing, and that ~ each maker and endorser agrea to pay all costs of colleation, including a reasonebla attorney's f@e, upon default in the peynient of the ~ Note, and that if defsult be made in the payment of any insteliment thereunder end that if such defautt is not made gaod in acc~ord• _ dance with the terms of the Note, that the entlre princiR~~ wm and accruari, earned (nierest shaU become due and payable without noYice at the opt+on of tha haldsr thereof; and ahall perform and aomply with each arxi every ttipulatian, agreemant and covenant of the Note and of this Morbgage, then thi: Mo?tgage and the estete hereby croated shatl be void, othervvi~e the same shall ~emain in fuN ~ force. Maker covenants to pey the interest and prirtclpa! promptly when due. Mortgagor covenants to pay ths texe~ and aisessments on said property; to keep the improvements now existing or hereafter erected on the property inwred ,ggainst lou by fire, hazards in• cluded within tfie term "extended coverage", and suah other hazsrds at Mortgagee may require and in wch amount and for wch periods as Mortgagee may r~uire, with a company approved by the Mortgagse, with a stand~rd mortgage loss clause payable to Mortgag~e, the policy to be held by the Mortgages; and to keep the biiildi on said land in ro r re air. ~?9 P Pe p The loa~ represented by thia Mortgage and the Note is personai to the Mortgagor anci tttie Mortgsgee made the loan to the M~rtgagor basad upan the cradit of the Mortgagor and the Mortgsge~'s juc{gment of the ebility of the Morigag~r to repay all sums due under ihis Mongage, and, therefore, this 144ortgage may not be a~wmed by any wbsequent holder of an ir~te~est in the Mortgageci ; Proparty, except ss provlded herein, without the prior express written consent of the Mortgagee. If all or any part of the Mortgaged : P;cpeKy, cr any interast therein, is sold or transfRrreci (including a trensfier by agreement for deed or land contract) by Mortgagor ' without Mortgagee's prior written consen4, excluding (a) the creation of a lien or encumbranca subordinaie to this Martgage, (b1 the creation of a purch~sa money security interest for househotd appliarece, (c) a tra~sfer by devise, deacent or by operation of law upon the death of a Joint tenant, or (d) the grant of any leasehold interest af 3 years or less not containing an option to purctiase, ~ Mortgagee may, at Mortgag~e's option, declere all sums secure~d by this Mortgege to t~e immediately due and payabte. or to ba m~ads at ~ha o~tion of u~ not on(y existing incfebtedneu, but also wch future advances, v~thether such advances are obligatory ~ op rrgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were msde on the date of the execution of this Mortg~ge, but such secured indebtedness shall not exceed at any time the meximum priricipa! amount of $ n a ptus inierest~ and any disbursements made for the payment of taxes, `3 levies, or insurance, on the Mortgaged Property, with interest on such disbursements. Any such future advancss, whether obligatory or to be made at the option of the t,l~ortgagee, or otherwise, may be made either prior to or after the due date of the Note or any other notes secured by this Mortgeg~e. All covenants and agreernents oontained in this Morigage shal! ba applicable to all further advances ~ made by Mortgagee to Maker under this future adv~nce clau~. Should any of the above cove~ants be broken then the Note and all moneys secured hereby shatl, without demand, if the Mortgagee so elect, at once become due and payebte and this mortgage may be foreclosed, and al! cosis and expenses of collection and reasonable attomeys' fees, including costt, expenses and reasonable attorneys' fiees on appael, if collected by lega{ proceedings or thraugh an attorney at law, shall be paid by the Meksr, and the same are hereby secured. ' IN WITNESS 6ifHEREOF, the Mortgsgor haa executed this Nbrtg~ga as of Lha date first above set forth. THIS IS A BSL~OON MORTCaA~iE AND THE FINAL PRIAIClPAL f'AYMENT OFi THE PRINCIPAL BAL.ANCE DUE t1f~ON MATURITY IS ?3.~~~2- ~R , T~GETHER WITH ACCRUED INTEREST, IF AfdY, ' AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE T M4S OF THI~ M RYGAGE Signed, sealed and de(i er~d ' i_^(~~~'~ ,'l~-~ ~ / ~ ~ r~ ( in our presence• : ~ 1 . ~ , ~t ~ • ~-j~~-'-- 1 (SEAI) ~ !?d R GG 1 ~ - , - Chr ~opher ~i~ ~ C't c f CI,G,c .ti-~ ; - (SEAL) ~ j, / (MORTGAGOR) a~ Patricia M. Channon ~ o STATE OF FLORIDA ) ~ ~ COUNTY OF St. Lucie ) t d ~ ~ ~ ~ I HER~BY CERTIFY, that on this day, befiore me, and officer duly authorized in the State aforesaid and in E~ N ~ o the County aforesaid to take acknowledgments, personally appeared Chri~Eonher T. and Patricia M. Channon ~ ~ 3~, y',,'~,, to me known to be the person described in and who ~ Z,..°1i executed the foregoing instrument a?td - they acknowtedged before me that •they~~ ro o executed the same. _ ' H~ WlTNESS my harxl and offic~al seal in the County and State last aforesaid this .::Y$f.l~~.a:~.,,,,,~.duv of ~ . ~ uo.u~~r , A.D., 19 ~.C•` ~ z ~ ~~j A ~L ' , a> s-+ cS'`a G , •'~d'L.Gr~ G~ ~ ..T'~ ` - ~ ~ o Notary Public : + . ~ `p7~ My Commission Expires: ~ . ° ~ - ~ ~ W ~ ~ ~R/~~Q~' ``cC, ~ •-~~1` , P4•G015-000•6 (Rev. 8/86) mv++ ~ Co~'p~~B~1C $tA~~ ~ "`•~`~!'C` OP eotofa THau ct~vfa~~ 1~~ o~~'~ a~0 5 2 2 P~6E0 9~ 2 S. ~~4, ~ ,