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Home My WebLink About2819 ~ , F~.~ _~;~.~DOVC[.~s rnxny Ariri I~.~c s Lticie (:nt~.,... ='.,x = Q~ek oi Circ. ;t ~ i,~ ~ c~ s - 102t536 r.:;.t~a-~,~,~~~--- ~`ac~~ THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS $63569.16 TOGETHER WITH ACCRUED.INTEREST, IF ANY, AND ALL ADVANCEMANTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGL. Mort~aye and Security Aproement This Mortgage is made this 2 4 TH day of J ANUARY 1 9 9 0 by and between JIM R LEE AND CLARA M LE~~ HIS WIFE ("Mortgagor"), and Bamett 8ank of y~T L[]CZE C~ NTY _("Martgagee'), the address of wh~ch is ? 4 21 S US 1 FT PIERCE, FLOR I DA 3 4 9 8 2__ Witnesseth: WHEREAS, Mortgagor ~s ~ndebted to Mortgagee in the principal sum o~`*SIXTY FOUR THOUSAND & 00/100** together with ~nterest thereon, as evidenced by that certain promissory note of even daie herew~th, executed by Mortgagor and detivered to Mortgagee, the tinal payment of which is due on or before the 10TH day of FEBRCIARY 1 9 9 5 (the "Note"), wh~ch by reference is made a part hereof to the same extent as though set out in full herein; NOW. THEREFORE to secure the performance by Mortgagor d all covenants and conditions in the Note and in this Mor- tgage and in all other instruments securing the Note, and in order to charge the properties, interests and rights hereinafter descnbed with such payment and pertormance and to secure additional advances, renewa!s, extensions and modrfications thered and tor and in conssderation of the sum of Ten and nd100 DoiVars ($10.00). Mortgagar cices hereby mortgage, sell. pledge and ass~gn to Mortgagee and, where applicable grant a secur+ty ;nterest in: The Mort~aQed ProPertY (A) Ali of the land in the county of ST LUCIE described below: ! THIS IS A FIRST MORTGAGE: LOTS 55, 56, AND 57 BLOCK C, ! TROPICAL ACRES, AS RECORDED IN PLAT BOOK 8, PAGE 20, ~I PUBLIC RECORDS ST LUCIE COUNTY, FLORIDA. ~ ' SZ"AT~ ~~ORlD.~. ~ ` ~rJC~J~V1EhITARY,%.~- STAMP ?A:: i 4 ~ r DEPT nc uEJEtlcf- 'T~,~•:~------- t ~ . ~ " ~~«~s•3~ 9 6. Q U i ~ y f _.---?j _ r ~ ~ to have and to hdd the same, together v~nth aN the ~mprovemenis naw or hereafter erected on such property and aA f~xtures ~ naw or hereafter attached thereto, together with each and e+rery tenements, hereditaments, ease~:tents, nghts, poNVers, priviteges. ~mmun~t~es and appurtenances thereunto belonging or in arrywise appertaining and the reversion and reversions. rema+nder and remainders, and also all the estate, right, title, mterest, homestead, right d dow~er, separate estate. property, possessron e and claim whatsoever in law as well as in equity of Mortgagor of, in and to the same in every part and parcel thereof unto ~ MoRgagee in fee s+mple. ~ ~ ~ (8) Together w~th a secur~ty Interest in all personal pro,oerty, exclud~ng household goods wh~ch are noi purchased w~th the proceeds of the Note, and fi~ures a~f~xed to or focated on the property ciescnbed ~n paragrapn (A). (C} Together w~th aN rents, leases, ~ssues, prof~ts, revenue, income proceeds and other benet~ts from the property descnbed in paragraph (A) hereof to be appl+ec] to the indebtedness secured hereby. p?ov~ded hawever, that perm~ssion Is hereby g;ven ; to Mortgagor so long as no default has occurred hereunder, to collect, rece+~e, and use such benef~ts from the property as ~ they become due and payabls, but not m advance thereof. ~ (D) Alf insurarECe pol~cies and proceeds thereof and a!I condemnation proceeds, awards, damages, and ctaims resat~ng ~ to or denved from the property descr~bed m paragraphs (A). (B) and (C) hereat. (E) Everyth~ng referred to in paragraphs (A), (B). (C) and (D) hereof and ar~y add~tional property hereafter acqu~red by ~ Mortgagor and subject to the hen d th~s Mortgage a any part d these properties is here~n referred to as the "Mortgaged Property." ~ PROVIDED ALWAYS, that ~f Mortgagor shatl pay to Mortgagee the Note at the times and in the manner stip~~lated there+n, and ~n atl other Instruments secunng the Note, ~nclud~ng renewals. extens~on or modii~cation thered. and in this Mortgage ~ and '+n aN other mstruments securing the Note, to be kept, pe~formed or observed by Mortgagor, then this Mortgage, shall ~ cease and be vad, but shall othervvise rema+n in fu11 (orce and e4fecl. ~ r ; 2 3 4 5 6 7 8 9~0 i. . t, ~ Rew~n e0mats are obeo~ete tai578 Rev 06BB' {tBtOj PA ~ . . • - ~ ~ ~ 6MWd~~ ~ ~ ~ .~>r,~_. ~