HomeMy WebLinkAbout0215 'iHls Is A ~?uAOI`i M~ Ai~ID ~ F'It~At YA~nt' oR 'iii SUSS'74 I,,_
BAI~~1 DUE l~l MAZVRTtY IS 7 593.60 1i0C~'~~R WI1t1
• AO(~t1~D IJ~1I'E~T, IF ANY. AMID ` MADE $Y This.Itutnunent wa: pt+epared by:
Tl~ MODE t»t 11~ 1FI~6 OF ZHIS MtJR'PGA(~. ~~,Afp.TLTLE.lNS. .
. • • • • • grin. •IiFLresl~t .
MORTGAGE 555 COLORADO AVE. -SUITE 4
STUARL FLORIDA 33404
~1S MOR'PGAGE is mach this day of . . ~r. .
19...., between the Mortgagor, ..BILL COATS •AND•MARLENB. COATS = .husband and wife
. . . .
(herein "Borrower"), and the Mortgagee...... .
FIRSfi •I~AT~dNa~1E• BANK ANB• •TflUST <'OMPAN1f •OF•9?TART•' stuart, Florida
a National Banking A®soefation•••••••••••••••••••••••••••~w ~~~•P!f]lrawer.23]b.
S.tuast,. FL...33494 (herein "Lender").
WttEAEAS, Borrower is igdebted to Lender in the principal sum of ELEVEN. TIUIUSAND. TWQ RUNDRED. AIZD .
N,0%lOp~i~*ikA*~#i~i~i~i~i~*.~~~t##~~p#.*.~k+k~+~+~~~#**~~ . Dollars, which indebtedness is evidenced by Borrower's
note dated..'. ~ ~....~4$~...(hereia "Note"), providing for monthly iustallmenta of pri 1 and
interest, with the balance of the indebtedness, if not sooner paid, due and payable on. ~r~d.~.~'.r...~`J... 1Jt35 • • •
To SectrttE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the
payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
Mortgage, and the performance of the covenants and agroements of Borrower herein contained, and (b) the repayment
of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein
"Futnre Advances" Borrower does hereby mortgage, grant and convey to Lender the following described property
located in the County of St ..Lucia State of Florida:
Lot No. 103 Section II in that certain condominium known•as OUTDOOR
RESORTS OF AMERICA AT NETTLES ISLAND, as shown by the plat recorded
in the. office of the Clerk of the Circuit Caurt in and for St. Lucie
County, Florida, in Plat Book lE, gage 1;1A through 1J, and according
to the Declaration of Condominium as recorded in Official Records
Book 186, page 2720, and any, and all Amendments thereto that have
been recorded in the St. Lucie County, Florida public records.
RECS11fED =
ate, IN PA`!ML!IT Of T11XE=
~ ~ • DUE DY CLASt 'C INTA'+S BLE P:k~ ;',~L Pf07ERTY,
PUi~S1L1I(T TO f1U?T=~ 71-:':4, ACTS OF 1Sn.
Rt~6ER PtitTkAS ~ ,
1~ pRCRti CONitT. ti. WpE Oa. FtA.Q~
Mortgagor expressly agrees to comply with each and every provision of
~ the Declaration of Condominium and all Amendments thereto of which the
~ - instant unit is a part. This includes the provisions of the Articles
~ of Incorporation of the condominium association, together with the
f provisions of the Condominium Association's By-Laws, and includes,
if applicable, the provisions of the Long Term iease(if any). In the
~ ~ event of default on the part of Mortgagor in any one or more of the
~ provisions of the sforesaid dgree>Wents, M!+rtgagee may, at Mortgagee's
sole option, declare the default on any of the aforesaid Agreements,
- mentioned in this instant Article, to be a default under the provisions
of this instant Mortgage, and may further, at Mortgagee's sole option
i accelerate the indebtedness due and payable in full and/or seek judicial
- remedies under the provisions of this instant Mortgage.
which has the address of
tsa..et (mbl
~ . {herein "Property Address"); -
tsae..ne zq race.) i
TocETHER with all the improvements now or hereafter erected on the property, and all easements, rights, ~
appurtenances, rents, royalties, mineral, oil and gas rights and proses, water, water rights, and water stock. and all
fixtures now or hereafter attached to the property, all 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 if this Mortgage is on a leasehold) are herein referred to as the "Property".
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage,
grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend
generally the title to the Property against all claims and demands, subject to any declarations, easements or restrictions
listed in a schedule of exceptions to coverage in any title insurance policy insuring Len~r
s interest in the Property.
fIORIDA-t to+F~+~~r--ei~s-~ttMAIFNLMC UNIFORM NISTRYMENT
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