HomeMy WebLinkAbout21541k0 023803 ~ '
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MORTGAGE ~g'~~
~ THIS MORTGAGE is made this 2kTH day of DECEM6ER . 1980 ,
between the Moctgagor,
CREATIVE HOMES BY MATHIAS, INC., A FLORlDA CORPORATION
(herein "Borrower"), and thc Mortgagee.
HBRITAGF F6DS[tAI, SAVINGS AND LOAN ASSOC1AT10N ~ a corporation organized and
eaisting under the laws of THS UNiTEO STATBS OF AMTsRICA
whose address is 230 NORTH BEACH STRSCT, OAYTONA BEACH, FLORIDA
(herein "Lender").
WHEREAS, Borrower is indebted to Lender in the principal sum of
FORTY-F 1VE THOUSANO S 1 X HUNDRED AND 00/100 Do11ars,
which indcbtedness is rvidenced by Borrower's note dated DECEMBER 24, 1980
(herein "Note"), providing tor monthly installments af principal and intercst, with the balance of the indebtedness,
if not sooner paid, due and payable on DECEMBER 10, 2010 ;
To SECURe to L.ender (a) the repaymcnt o[ tlx: inJebtcdness evidenccd by the Natc, with intcrest thercon, the
payment of all other sums, with interest thereon, advaneed in accordance herrwith to protect the security of this
Mortgage, and the performance of the covenants and agreements of Borrower herrin contained, and (b) the repayment
oE any future advances, with interest thercon, made to Borrowrr by [_cnder pursuant to paragraph 21 hercof (herein
"Fuwre Advances"), Borrower does fiereby murtgage, grant anJ convey to Lencter the following Jescribed propetty
located in the County of ST. LUC 1 E , Statc ot Fiorida:
~07 1, BLOCK 781, PORT ST. LUCtE, SECTION EIGHTEEN,
ACCORDING TQ THE PLAT THEREOF AS RECORO£D IN PLAT
BOOK 13, PAGE 17 OF THE PUBLtC RECOROS OF ST. LUCIE
COUNTY, FLORIOA.
Rc~crs s 4i. ~ 0 NI PAYl1~liT Of TAXE=
tL'~ ~ 1 C:~~: 'C' i"Tr.::1:8LE PEfSCtt~l Pi0PER1Y,
fC:...l11i TJ iK:uT~. 71-134. ~CTS OF tllL
i:~fic~ POITFUS
q.C6K ptGUA C4tRT. ST. WCIE CO.. t1A.Q4
"It is covenanied and agreed that any default under
the Construction L^~an An: ;ernent which is dated
Concurrenfiy here~ti~~'h, o~d ~s ~~+,~NC•P_il the parties
hereto, shatl be a cfefa:;lt ~r,.-;~: t:~is mortga~e,
said cons'-.:~~icn lo~n a~ree,n~:~t t,~i^P here+n
incorporated by ref~renc~ t:~ tlie s::ntie ex1eM ar~
efiect as thou~h set torth in full here,ira,"
which has the address of FLORESTA di CHAPMAN
[Straet)
FLORf DA 33~52 (herein ••Property Addrrss");
(sbt. snd tip Cod~l
' _ . -. ~ :
Th~s instrum~nt
Shirley Scanion, p~epared bY
Herita Ass't Vice p~es.
and ge Federa~ Savings
~O~n Association
P ~- Bax y
~aytona Beach. Florida
. PORT ST. LUCIE
[Citpl
ToGETHER with al) the improvements now on c~reaftcr erccted on thc property, and all casemcnts, rights,
appurtenances, rents, royalties, mineral, oil and gas rights :~nd profits, watrr, watcr rights, and watcr stock, and all
fixtures now or hereafter atiached to the property, all oi which, including r~placcmrnts and additions thcreto, shall be
dcemed to be and remain a past of the property covercd by this Mortgage; and atl of the (orcgoing, togcther with said
property (or the Icasehold estate if this Mortgage is on a leasehold~, arc herein rrferrcd to as the "Property".
Borrower covenants that Borrower is law~fully seised of the estate hereby conveyed and has the right to mortgage, ;'
grant and convey th~ Property, that the Property is unrncumbered, and that Borrowcr v-ill warrant and defend ;
generally the tide to the Property against all claims and demands, subject to any decfarations, rascments or restrictions ~
listed in a schedute of eaceptions to coverage in any title insurancr policy insuring Lender's interrst in tht Property. ;
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