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WHEN RECORDED MAIL TO
5U0822
SPACE ABOVE THIS LINE FOR RECORDER'S USE
Tbis iastrutaent was prepared by:
R. David Shugart, Jr.
....LaTa~yess••T3~Lle•••7atsi~aan~••Carpo~cat ion.......
321 South 2nd Street
....Fo~L••F3~eraeY..~t~ide: ••3345Q
MULTIFAMILY MORTGAGE,
ASSIGNMENT OF RENTS AND SECURITY AGREEMENT
(Security for Construction Loan Agreement)
TH[S MORTGAGE (herein "Instrument") is made this 24th_•-.... day of .-..September
19 between the Mortgagor/Grantor, ..Stepheq•S,-,Kroll,.and Satre S. Kroll,~_,his..wife.-..-__--..•-.
whose address is ....1129 Fernandina Street Fort Pierce,,,,Florida 33450
(herein "Borrower"), and the Mortgagee...~ndian. River Federal..Savings_gnd,Loan Association,,,-.-.
a ..C41CE4F~~ion....._..---................ organized and existing under the laws of
lfi3,Kcsi...8tak~$..Q~..Am~x~~A...... whose address is ~ ~4....1<471...~209. Ve~P... Beath,.. F~orida,_32960:........
h d .
( eretn n er
WgtEttt:ws, Borrower is indebted to Lender in the principal sum of ..$9~.,.$7.~..44 •
.Ni>qty.-Qcu~..Tb~atis~aiad..E~,gh1t..~»md7cect..S.excmkY.->?~.Y.ti..A~ISI..It[R/..lOQ...- Dollars, which indebtedness is
evidenced by Borrower's note dated ....Septe~aber..2~...1.Q~Q (herein "Note"), providing for
monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and
payable on ....Febxuazy.._1,..2Q1A
To Secuttt: to LENDER (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, and .
all renewals. extensions and modifications 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 covenants and agreements of Borrower contained in a Construction Loan Agreement between Lender and ~
Borrower dated _..Se,Rtemhez..2~i.,..198A 19.80..., if any, as provided in paragraph 25 hereof; (d) the payment of
all other sums. with interest thereon, advanced in accordance herewith to protect the security of this instrument; and
(e) the performance of the covenants and agreements of Borrower herein contained. Borrower does hereby mortgage,
grant, convey and assign to Lender [the leasehold estate pursuant to a lease (herein "ground lease") dated
f
' between
j and
recorded in
in and to• ~
the following described property located in ._..........Sk,,..I.t>~,i.e..f~atmky State of Florida:
• D~eku Morteal w~a~ir/ iJ ww co~yle~1.
Lot 12, LAWNWOOD OFFICE PARK, UNIT ONE, as per plat thereof
recorded in Plat Book 18, Page 11 of the Public Records of
St. Lucie County, Florida.
~ 3
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Tax I . n. # 2416-604-oo12-coo/4 ~ ~ . M - `B - . `w.a~ _ ~ 13 7. 6 ~ [
RECf:VED s 7 S 3."7 S iN PA`.'!~£HT ,~iF TAXEs
DUE DY CIASt 'C' (NTJU16'BLE P: k5;i::.l Pr.*.?EfiTr,
PUgSJANT TO CHAPTER TI•::4,- ACTS Of 1871.
R06ER POITkAS
CLERK gdCltiT COYRT, tT. WCiE CO, 1~~'~ • ~ J
80~chh~ PAGE~~ i
Ia~o~, l
snF I~~ s.r.~ a ~a.u~ s„vpy. ~
FLORIDA-Multifamily-I /77-FNMA/FHLMC Uniform Instrumett 7 olBPvt~l
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