HomeMy WebLinkAbout0502 10205~6 ~
i~. , z'~" U~ f N;l?(~t.A3 UIXON
~ , r 5.. Lune l;ounty
PREPARED BY: Uu. ,x i~~~'" ~ Cler~C nf G~rcu~ CoTut
~MOL S. NAXI.ER int l'.+:. a_
b~ 9Y
Post Off ice Box 111 l u 1 ~ ~p~
stuart, Florida 34995-Oitt ~L
Tot:.? ~
MORTGAGE r STAT
~~F F= I~U R I~ A~
DUCUMENTARY , STA M F!~ X~
c OEPT ~1F NEVENUF .N~ii - ~
x - _ i
` ti ,r .~uir~r~ e ~ ~ (l. 0 0 i
SNIS IIIRTGAt~~ e~aact~ted ttte 17th dey of Jerx~ary A.D.. 1990~ bY _ '
• - _
C.C. ARtaID EMEAPRISES. II~C.. t Floride oorporatlm
he~elnefter called the Ibrtpe~o+'. ~hlch ten ahell Incltde slrp~lar or Plur~l. oorporatlon or Indivldu~l. ~rd slthe~ sex. and
j
shail InClude the heirs. lepol fepresentitlves. a~o0es~sor8 md assi~s of Vte Ilort~e~or. to
FL~tIDA NATIONA BIIN(
a nnt~anel ber~iclr~p assoclation orqni~ed and exlstlr~p u~da~ the laus of the I~Ited States ¦tth Its princlpei Plaoa of txsl-
ness In Duval Oanty, Florldn. hereinsfter called the Ibrt~gee. ~ich teni shell Include t~e suooesso~s arxf asslq~s
of the said ilortyepee.
MITlESSE1N 1HAT, ~fREAS. the lbrtpe~or tms reoeiwed a loan fra tM Yort~epee and Is Justly IndeDted to the Yo~t~pee,
rhld~ indebtedr~ess Is hereby adcr~ledpad and Is evidenoed by a oertain praissory note deted the lTtl~ dey of Jerx~nry ,
19 90 ,¦nde by tne Yortpepor and peyeble to the IbrtpeQee In the prlrxipel su of i1fiEE H~tED Tl~U5Af0 AIO !U/100
Oottars 300,000.00 topethe~ wiM Intsrest as stated
thareln. said rate beiro In stardard for~ and provtdiro, a¦or~p oV~er thiros, fot e~o~tlzed pey~ents Incltdlt~p inte~est t,pon
the prlncipel thereof beplmir~p on tt~e 17th dny of Februery , 19 90 , alth tfie bdier~cs o4 prtncipel aM ~oared
! fntetest due and peyab le m tha 1Tth dny of Jenuer , 19 96 . pro~vfston for prepey~ent. aooeieratlon of prlncipel In
the event of defaui~ to~ether Nlt~'7~lause p~yi~iL ~Y the Ma'tQ~ of attomey's fees. e~es and oosts
of ootlectian. The provisims of such rate, to M~i referenoe is hereln ¦ede ere Dy refsrenoe ~ede a pert of thle instnr
a~ent as t?io~? the sa¦a ~e ful ly sat forth hareln.
~ I~N 1HIS IdtTGAGE ~ITiESSE1H. tl~t the sald Yortpe~or for tM Detter aearir~ of the sg~reral aas of ~oney ~eMloned In
the sald note does Aereby ant. In sell. allen. ~Ise~ release oanrey and oonfln u~to th sald Mo~tpepee, I~ fee
er ~r
~ si~le forsver. tM folloalnp descxi 3aM, of M~ict~ seld lbrt~epor ra~ selred and p~os~eseed ard In actul posaesslan
~ situete, lylr~p and beiro In St. Lucl• Oanty. Stats of Florlds~ arrd ~ore pertioularly deecribed as follo~s:
~
i SEE EXHIBIT "A" ATTACHED HERETO.
E
~
~
; THIS IS A BALLOON MORTGAGE SECURING A VARIABLE RATE OBLIGl1TION. ASSI~tING
~ THAT THE INITIAL RATE OF INTEREST WERE TO APPLY FOR THE ENTIRE TERM OF THE
MORTGAGE, THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON
i IdATURITY WOUID BE APPROXIMATELY s273.450.00, TOGETHER IMITH ACCRUED
"f i NTEREST , 1 F ANY , AND ALL ADVANCE~IENTS AIADE BY THE ir10RTGAGEE UNDER THE
~ TER1~S OF THIS MORTGAGE. THE ACTUAL BALANCE DUE UPON AUITURITY ~IAY VARY
DEPENDING ON CHANGES IN TNE RAjE OF INTEREST.
~
~
~
TOGETtfR wij}I al i and a{npular the tene~ents. heredlteAents aM e~pp~rtenerroee tt~euMo belaiplr~ or In arry ~leo a~pper-
talnirp and all atnxturea and I~prove~ents no~ end heree~fter m seid land e~d all fixtures ett~cfied ff~eto topether with
al I rents. lasuas and proflta e~ocxult~p fra sald pre~lsee ard all pds. stew. electric Neter pluDiro 11 Iro. ven-
t i!at Inp. heat Iro and cool ir~psysters ~hict~ na~ ars or rry be In or m a~ ld pre~ laes ~tra~ ~Ae~r bs de{ or det~cheb le.
Includinp but not Il~ited to ell refr~pxatora. atoMes, ovens, appllenoes er?d oerpeta eM all ~ddttians. repieoe~ents and
Increase tt~eof t~ereefter eoqulred or located on the sald prs Ises. and nll attedrents and perta thereof, and erry addi-
tioris, extenslars o~ bett~ents of. {n or to the bulidinps no~ or hereefter erec'ted an the seld pre~ises.
~
' TD HAVE A!O TO l~LD tf~e above ~anted p~e~isss~ wlth the appurter~s unto tJ~e sald Yo~tpepee, in fee sl~ple forevsr.
f
~
8~~67~ f~ 502
~ _
~ - - -
~ ~
_-~~~~:~~`~~~k~~~.;