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HomeMy WebLinkAbout1184 ~ I022250~~ . Rrc r^ce t/. S DCL~.^,I.A~ nIRON !!.:a r'ce W_~_ SL Lucie Coun:y Doc Tax $ f~•~ 5 Cleric of Circvit Coart lnt `t'r.x S / 7, 7/ $Y rJ ~ ~ ~ b L'epcty erlc Tw..l ~ THIS IS A BALLOON MGRTGAGE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATUIRTY IS • 87471.92 TOGETHER WITN ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMANTS MADE BY THE FIORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. ~ Mo~tgage and Security A~naement This Mortgage ~s made this day of by and between . , ("Mortgagor"), and Bamett Bank of ("Mortgagee"). the address of wh~ch ~s . . , Witnesseth: WHEREAS, Mortgagor ~s ~ndebted to Mortgagee ~n the pn!scipal sum of EIGNT THOUSAND EIGHT HUNDRED FIFTY SIX. AND 56/10 together w~th ~nteresf tFiereon, as ev~denced by th~t c~rta~n prom~ssory note of even date herew~th, executed by Mortgagor and del~vered to Mortgagee, the t~nal payment ot wh~ch ~s due on or before the I JAN. 26,1993 day ~i (the "Note"), wh~ch by reference is made a part hereof to the same extent as though set out ~n iuil herein; NOW, THEREFORE to secure the periormance by Mortgagor of aA covenants and cond~tions ~n the Note and ~n th~s Mor- tgage and in all other ~nstruments secunng the Note, and in order to charge the propert~es, interests and nghts here~nafter , descnbed w~th such paymeni and performance and to secure add~tiona! advances, renewals, extensions and modifications thereof and for and in consideration of the sum of Ten ard no/100 Doltars ($10.00), hlortgagor dces hereby moRgage, se!I. pledge and ass~gn to Mortgagee and, where applicab!e grant a secunty interQSt ~n: ~ The Mortgaged Property ~ f (A) Au of the land ~n the county o( descnbed bel~r. i ~ LOT 8, BLOCK 3105, PaRT ST. LUCIE SECTION FOkTY FOUR, ACC4RDING TO THE PLAT TNEREOF, RECORDED INPLAT BOOK 16, ~ PAGES 23, 23A THROUCH 23U, OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA. j ! i STATE ~~~Fl.._URIGA' , ~ ~ r' DOCUMENTARYi~;-= STAM P TA X I ' ~Ep._ ~F PEVEHUf i~ _ . f , ~ 'z v ~ ~ _ _ i ~ = JAM 30'99 ~ i ~ ~ ~g . R~ . D ~ ^ ~ti...~ 1 ~ t ~ to have and to hold the same, together with all the improvements now or hereafter erected on such property and al1 fixtures ~ naw or hereafter attached thereto, together w~th each and every tenements, hereditaments, easemen;s, rights, p~wers, privileges, ~ ~mmurnties and appurtenances thereunto belonging or in anywise appertaming and the revers~on and reversions, remainder and rerna~nders, and also all the estate, right, title, ~nterest, homestead, right of do~nrer, separate estate, property, possess~on ~ and ciaim whaisoever in faw as well as m equity of MoRgagor d, in and to the same ir~ every part and parcel thereof unto ~ Mortgagee in fee s~mple. s (B) Together with a secunty ~nterest in all personal property, exGudmg household goods wh~ch are not purchased wdh the lil proceeds of tha Note, and fixtures affixed to or loca;ed o~ the property descnbed in paragraph (A). (C) Together w~th all rents, leases, ~ssues, prof~ts, revenue, ~ncome proceeds and other benet~ts from the property descr~bed ~n paragraph (A) hereof to be applied to the ~ndebtedness secured hereby, prrnnded however, that permiss;on ~s hereby gwen ; to Mortgagor so long as no default has occurred hereunder, to collect, receive, and use such benef~ts from the property as they oecome due and payable, but not in advance thereof. ~ ~ (D) All insurance pot~c~es and proceeds thered and aA condemnai~on proceeds, awards, damages, and cla~ms re~at~ng ~ to or denved from the property described ~n paragraphs (A}. (8j and (C) hereof. (E) Everything re(erred to m paragraphs (A), (B), (C) and (D) hereof a~d arry add~tional property hereafter acqwred by Mortgagor and sub~ect to the 6en d th~s Mortgage a arry part d these properties ~s herein reterred to as the "Mortgaged Property" PROVlDED ALWAYS, that rf Mortgagor shall pay to Mortgagee the Note at the Umes and ~n the manner siipulated there~n. ~ and ~n all other ~nstruments securing the Note, ~nclud~ng renewals, extens,on or mod~i~cat~on thereof, and ~n th~s Mortgage and ~n all other +nstruments securing the Note, to be kept, pertormed or observed by Morgagor, then th~s Mortgage, shall ~s cease and be vad, but shali otherw~se remain ~n full force and effect. ~ 2 3 a 5 6 7 8 9~ 0 P~ena~s edtaru arc obsdete ~ 03578 Re+ OfA9' ( t 6 t 0) PA ~ eoac~7~ P~GF11~4 ~ ~ - - - - ~