HomeMy WebLinkAbout2822 . . :4
20. No Tra~sfer. It ~s understood and agreed by Mortgagor Ihat as part of the ~nducement to Mortga~ee to make the
loan ev~denced by the Note, Mortgagee has coris~dered and rel~ed on the cred~t worth~ness and ~el~aal~ry d Mortgagor. Mortgagor
covenants and agrees not to sell, convey, transfer, lease or further encumber any ~nterest ~n or any part ot the Mortgaged ~ !
Property unthout the pr~or wr~tten consent of Mortgagee, and any such sale. conveyan~.e, transter, lease or encumbrance ~
made without Mortgagee's pnor wntten consent shall be vad. If dny person should obta~n an ~nterest ~n ail or any pa?t of ~
the Mortgaged Property pursuant to the execuGOn or enforcement of any hen, secunty ~nterest or other nSM. whether supenor,
equal o? subord~nate to th~s Mortgage or the I~en hereot, such event shall be deemed to be a transfer by Mortgagor and
an event ot default hereunder.
2t. Default Rate. The Defa~lt Rate shall be the h~ghest rate perm~tted by appl~cable law i
22 Changes to Mortgs~e. A~I changes, alterat~ons, deletbns or add~t~ons to the substance d any paragraph ~n th~s Mortgage '
wh~ch have been agreed to between Mortgagor and Mortgagee have been ~nd~ated by Mortgagor as add~Uonal proot o( !
Mortgagu~'s consent.
'23 Additional Para~raphs. In the event Mortgagor and Mortgagee agree to turther covenants ~n th~s Mortgage reqwnng
an add~t~onal paragraph or paragraphs, such paragraph or paragraphs shali be attached to this Mortgage under the head~ng
d. "R~der" and shall be part ot th~s Mortgage as ~f set out ~n full here~n.
IN WITNESS WHEREOF, th~s ~nstrument has been executed on the date f~rst above wrdten. ~
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S~gned, sealed and del~vered
~n the presence of {
THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PAYMENT OR
THE PRINCIPAL BALANCE DUE UPON MATURITY IS $63569.08 TOGETHER !
WITH ACCRUED INTEREST, IF ANY, AND ~T.L ADVANCEMENTS MADE '
UNDER THE TERMS OF THIS MORTGAGE. ~
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~ _ JI LEE vy~ D_
Q- o~Q~
~ „ CLARA M LEE
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~ (Aff~x Sea! ~f
Appl~cable)
STATE OF FLORIDA )
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COUNTY OF ST LUCIE ~
' The forego~ng ~nstrument was acknow~edged before me th~s 24TH day a JANUARY 1 990
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I by JIM R LEE AP]_D CLARA M LEE, HIS WIFE
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PREPARED BY/RETURN TO: , '
; DONNA Z I SMAN `
` BARNETT BANK OF ST LCUIE COUNTY Notary Publ~c, S:ate of F ~t~ar~. ER
~ 2421 S US 1
FT PIERCE, FLORIDA 34982 ~ ~-~_-O~~, c• ~
G My Comm~ss+on Expires: y_~r a-- . ~
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~ 'This paragraph must be completed prio? to executing this MoRgage. y 5~i~,.=~ ~
~ LOTS 55, 56, AND 57 BLOCK C, TROPICAL ACRES
~ 1421536
'90 ,IAN 25 P 3 ~30
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~OUGIAS UIXGN `
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Port St. Lucie, FL 34952
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