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WHEN RECORDED MAIL TO
OI.YMPIC TITLE & ABSTRACT CO. ~ 5T~`T~ ~'F R ~ I~
n" DO~:UMfNTARYs''•.~STl~MV__'A~ ~
1806 Okeechobee Road oE~
r: NEYEMU~
P. O. Box 3719 - = ~~:~16•ts f'-~~ Z~ 0. 0 0 1
Fott Pierce~ Flwida 33450 Pe. ~
_ - ~~toz ~
SPACE ABOVE TNlS LINE FOR RECORDER'S USE
This iaswweat was prepared by:
~ M ~i'C" INTAkQM~~WHK ................~I.T.A.k~w..?[~..?~S.T.lfr..
~r ro cra~n.e ~.u+, ncrs af ~
Q~ ~ ~ OLYM~IC TITLE ~ ABSTRACT CBI~PANY
~ ~ it.1lICE /1~.11~ .......Y~o'r"t"'Pie'rce~..~.. ~~'+'S(f
oa
~ MULTIFAMILY MORTGAGE,
~ ASSIGNMENT OF RENTS AND SECURITY AGREEMENT
(Security for Construction Loan Agreement)
THIS MORTGAGE (herein "Instrument") is made this ........13Ch.__,. day oF ............~u~~
19 .....7.~. between the Mortgagor/Grantor . ..............••........(~EENBR~E~..~~,E~,..INC..., ..a _ Florida......_..._...-•-•--
.........~4~P~t.rat ion.3 .ti-••1'a~r~¢ts'.G••,Q,tK,ra
whose address is . . ~..-..Fort..Pisx~e,..F.I...3~tS.Q......•••-••-.....••
(herein "Borrower"). and the Mortgagee. .......INA~9?N..RnTF.ft..F.~A~iAL..SAV.IN~S..~c..IAAN..~SQC~IA~i......
a..........~ArR9JC~X.~.Ri~................... organized and existing under the laws of
UNTTED STATES OF AMffitICA whose address is ~~tS.-1.4.~h..~xl~xltl~.......YgxO..R~~t~~?.,...~~..~,2.9~4........
(herein "Lender")-
WH~atEws, Borrower is indebted to I.ender in the principal sum of .------.---.---.-------.-----r.----.---
ONE H[JATDRED SIXTY THOUSAND ~,a.~o/ioo---,----------.-----------po~~a~, which indebtedness is
evidenced by Borrower's note dated ..J~une..~.~.~.~Z9 (herein "Note"), providing for
monthly installments of principal and interest, with the balaace of the indebtedness, if not sooner paid, due and
payable on .....•••••-•••September...~,,.,1998,.••---•-•-••......:
To SECUteE To LeNnex ( a) the repayment of the indebtedness evidenced by the Note, with interest thereon, and
aU renewals, extensions and modi6cations thereof; ( b) the repayment of any future advances, with interest thereon,
made by Lender to Borrower pursuant to paragraph 30 hereof ( herein "Future Advances" ( c) the performance of
the oovenants and agreements of Borrower oontained in a Construction Loan Agreement between Lender and
'f Borrower dated ........aut1~....13 ~ 19..7. 9.., if any, as provided in paragraph 25 hereof; ( d) the payment of
I al) other sums. with interest thereon. advanced in acoordance herewith to protect the security of this Instrument; and
f -~}th ormance of the oovenants and agreements of Borrower herein oontained, Borrower dces hereby m ,
i
€ grant, oonvey an Lender [ the leasehold estate pursuant to a lease h ease" ) dated
` betwe
, . .
g and
~ reoorded ~
..:...................`7R~a~~-tcL]_
~ the following described property located in State of Florida:
~ • Didere Mrdteiel w~taid iJ wet ce~y4~
PARCEL I: As to the follawing described property, this is a second
~ mortgage which is subject to mor~gage dated March 31, 1978,
recorded Apri1~5, 1978 in Official Record Book 284, Page
3 2Q78, St. Iucie Count-y, Rlorida, and by Agree~ent between
~ said parties, the said mortgages are hereby merged and con-
~ stitute a first lien on said property: •
~
~
~ From the Northwest corner of Lot 4, FIARIDA COASTLINE CANAL AND TRANSPORTA-
~ TION COMPANY'S SUBDIVISION of the Southeast 1/4 of Section 34, Township 35
~ South, Range 40 East, as recorded in Plat Book l, Page 43, St. Iucie County,
~ Florida, run South 89°41'37" East a distance of 78 feet, thence run South
f 00°20'07" West a distance of 35 feet to the point of beginning; thence coa-
tinue South.00°20'07" ~lest a distance of 162.27 feet, thence run South 89°
~ 41'37" East a distance of 10 feet, theace run South 00°20'07" iiest a distance
~ of 37.73 feet, thence run South 89°41'37" East a distance of 400 feet, thence
~ run North QO°20'07" East a distance of 200 feet, thence run North 89°41'37"
~ West a distance of 410 feet to the point of beginning.
~ (continued) .
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