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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 , ~
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~ = JAM 30'99 ~ i ~ ~
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~ 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.
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