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392052
SOUTHERN FEDEli'AL SAVINGS ~ ~ ~
AND LOAN ASSOCIA,TION OF BROWARD COUNTY
This instrument was prepared.by:
MORTGAGE `r i ' n
(SHORT FORM) ; ~ ; : _ , ~r• lr~~iY
~ ~ ~ ~ ~ F~A. 33U6
PV"J:f'Hiti'J .:~;iCt`~,
~
THIS MORTGAGE is made this 25th day of J~uary , 122~_, between
thc Mortgagor. PIONEER CONSTROCTION, INC., a Florida co ration
lherein "Borrower"), and the Mortgagee. S~~~ SAVINGS AND LOAN ASSOCIATION OF ,
BRAWAI2D CO~NTY
a corporation orga~ized and existing under the laws of Onited States of America
whose address is 225 I'~°rth Federal Hiqhway, Pompano Beach, Florida 33062 (hercin "l.cndcr"1.
WHEREAS. E3orrower is indebted to t,ender in ihe principa! sum of t? c~r 'rHC~.s *m ,STx urrnmR~n
and No/1~t,1 Dollars, which indebtedness is evidenrcd bv
Bonov?er's note of even date herewith (herein "Note"). providing for monthly instaliments ot~~p rincipal and interest, w•ith
the balance of the indcbtedness, if not sooner paid, due and payable on July 1. 2007
TO SECURE to Lender ta) the repayment of the indebtedness evidenced by the Note with interest thereon; (hl thc
payment of all other sums, with interest thereon, advanced in accordance herewith to pmtect the security oi' thiti
Mortgage; (c) the performance of the covenants and agreements nf 8orrower herein contained; fd) the performance ot' thc
covenants and agreements incorporated by reference hereinto; and (e) the repaymtnt oFany future advances, v?ith intenst
thereon, made to Borrov?•er by Lender pursuant to paragraph 21 hereof or incorporated by reference hereinto lhcrein
"Future Advances"). Borrower dces hereby mortgage. grant and convey to Lender the following described propeny
located in the County of St. Lu~iP , State of Fiorida:
Lot 9, Block 584, of PORT ST. LOCIE SECTION 13,
according to the P2at thereof, recorded in Plat
Book 13, Page 4, Public Recorcls of 6t. Lucie ;
County, Florida. -
This Mortqage Deed is by reference made ~ part of and in accordance with the Construction
Loan Aqreement executed by the parties hereto,• on even date herewith.
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TOGEI'HER with all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all
fiatures now or hereaRer attached to the property, ali of which, including replacements and additions thereto, shall be
deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said
property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein rcferred to as the "Property".
Bortower covenants that 8orrower is lawfully seistd of the estate hereby conveyed and has the right to mortgage. grant
and convey the Property. that the Property is unencumberod, and that Borrower will wanant and defend gene~ally the
title.to the Property against all claims and demands. subject to any easements and restrictions listed in a uhedule of
exceptions to coverage in any titk insurance policy insuring Lender's interest in the Property.
flpRIOA-FHL6fC-SAat Form-Q;72-1 ~ Fam~~r 6QOK~~~ ~~uE i~r~
RETURN ?O . -
SOUTHERN FEDERAL$~
VINGS AND . ~
LOAN~ OCIATION OF BfiOWARD COU~ Tequesta Drive
3~55. REV., 4/7S . Tequesta, Fla. 33458 ;