HomeMy WebLinkAbout2479 1022839
~
~ ~°e ~ -~=„DOVCr.nc nr.c~!~
Add Fee: ~St Lucir
i ~
Lbc Ta~t ~ G'lerk ot ,,t
Int Tax S By ` ~ ` _
~
;.;.al= 7/- -s.S' Drj;.:t~ c.ii~~
THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PA7~~'T`~"
THE PRINCIPAL BALANCE BUE UPON MATURITY IS *~12337.36 TOGETHER
WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMANTS MADE
BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
~ . VACANT LAND Mortgage and Security Agreement ~
Th~s Mortgage ~s made th~s 26TH day of JAN. 1990 by and be:ween ~
'~fICHAEL H. SMITH AND ALICE M. SMITH,HIS WIFE AND KENNETH W REPASS ND NDA S RFPA44,HIS WIFE
( Mortgagor"). and Bamett Bank of ST. LUCIE COUNTY ("Mortgagee").
?he address ot wh;ch ~s 2300 SE MIDPORT ROAD PORT ST. LUCIE FL 3495
Witneaseth:
WHEREAS. Mortgagcr ~s mdebted to Mortgages ~n the pnnc~pal sum of ~
FOURTEEN THOUSAI~D FIVE HUNDRED SEVENTY SIX AND 55/100
- together w~th ~nterest thereon, as ev~denced by ihat ce^a~n prom~ssory note of even date
nerew~th executed by Mortgagor and del~vered to ~Aortgagee. the f;nai payment of wh~ch ~s due on or befo~e the ~
~
day ofi FEB. 12,1993 ~
(the "Note"), wh~ch by re`erence ~s made a part hereof to the same extent as though set out fuU here~n; ~
NOW. THEREFORE to secure the performance by Mortgagor o! ali coven2nts and cond~Gans ,n the lVote and ~n this Mor- ~
tgage and ~n all other ~nstruments secunng the Note, and ~n order to charge the propert~es. ~nterests and r~ghts here~nafter
descr~bed v~~th such paymeni and performance and to secure add~t~onai advances, rere~vais. extens~ons and rnod~f~cat~ons j
?hereof and for and +n consderabon of the sum of Ten and nar100 Doltars ($t000). Mortgagor dces hereby mortgage, seli. ;
; pledge and ass~gn to Mortgagee and, where app,~cabie grant a secunty ~nterest m F
~
i
~ ~ The Mortgaged Property ~
~ -
i <
' (A) ~II of the !and m the county of ST. LUCIE descr~bed below ¢
k
i LOTS 1& 2, BLOCK 2442, PORT ST. LUCIE SECTION THIRTY-FOUR,
; ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 15, ;
~ PAGES 9, 9A THROUGH 9W, OF THE PUBLIC RECORDS OF ST. LUCIE '
COUNTY, FLORIDA. ~
E
i:,
ti S-T~_rL--. _ {~R~'_~:'~.. ~
~ : - O C'~ r1'~ N ~ i~' Y - ~-=A :~r! - ~ ~ x ; ~
-.r: ~iEy:eG . ~y;'~'.
~ • ~,~y~, - ~
~ - ~'~3t. n n r ~
~ ~ `~i I~ ~
; ' ' ,F -E~t-!'9: `~,~`~!-'t' L ' ~
;
~
C
~ - -
1
` to have and to hold the s~,me, together w~th ali the ~mprovements now or hereafter erec!ed o~ s~ch property and aIl hxiures
now or hereafter attached thereto, together w~th each and every tenements, hered~taments, easements. nghts. powers. pnv,leges.
~ ~mmurrt~es a~d appurtenances thereunto beiong~ng or ~n anyw~se apperta~rnng and !he revers~on and revers~ons. rema~nder
~ and rerna~nders. and also all the estate, nght. t~tle, ~nterest, homestead, nght of dawer, separate estate, property, possess~on
i and cia~m whatsoever ~n law as weli as ~n eqwty of Mortgaqor cf, m and to the same ~n every part and parcel thereof unto
Mortgagee m fee s~mple.
(B) Together w~th a secunty ~nterest m aii personai property, exc~ud~ng househo!d goods wh~ch are not purchased w~th the
proceeds of the Note, and t,xtures atf~xed to or located on the property descnbed ;n paragraph {A) ~
{C) Together w~ih aif rents. leases. ~ssues. prof~ts. revenue, ~nr,ome proceeds and other bene!~ts from the property descnbed
~n paragraph (Aj hereof to be apphed ta the ~ndebtedress secured hereby, prov~ded however, that perm~ss~on ~s hereby g~ven
te Mortgagor so long as no deiault has occurred hereund2r, to collect. rece~ve. and use such benef~ts from the property as
?hey become due and paya~le, b~t no! ~n advance thereof.
(D) All ~nsurance pol;c~es and proceeds thereof and all ~ondemnat~on p~oceeds. awards damages. and c~a:ms re!at:ng
to or der~ved from the property descr~bed ~n para~raphs (A), (B) and ;C) hereof
(E) Everyth:ng referred ro ~n paragraphs (A), (B). ;C) and (D) hereof and any add~t.o~al property hereatter acqu~red by
; Mortgagor and sub~ect to the l;en of th~s Mortgage oi arry part d these proper;~es ~s here~n re~e: red to as the "Nortga~ PropeRy"
~
~ PROVIDED A~WAYS. thai ~t Mortgagor shall pay to Mortgagee the Note at the Umes and ~n the manner sbpulated there~n.
; and ~n ali ot~er ~nstruments secunng ihe Note, in.^.luoing renewals, extension or modrfiCahon tnereo`, and ~n this Mortgage
and ~n ail other ~nstruments secunng the Note. to be kept. per~ormed or observed by Mortgagor. then th~s Mortgage. shalt
cease and be vo~d, but shali otherw~se rema~n m tUll force and e'(ect
' 2 3 a 5 6? 3 9+0 P~encvs edcor~; a~~ obs~le~e !G3~78 Rp, p5g9' 1?6~Ui PA
0 R- ~ ~ ~p
- BQOK ~AGf ~ t ~
, ~ ~ _ ~~.a
W