HomeMy WebLinkAbout2145THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE 51b~SO
BALLOON DUE UPON MATURITY IS $48,368.53, TOCETHER WITH
ACCRUED INTEREST, IF ANY, AND ALI. ADVANCF.MENTS MADE BY Thla instrumeat wat prepar~d by:
TNE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. ,First.National,Bank.6.,
. Trust. CompanY, of Stuart
MORTGAGE
THIS MORTGAGE is made this . . . , .:.~ ? o~ . . . . . . . . day of . . . ~~ Q-?. ~ . . . . . . . . . . . . .
.,
19 . 81. , betw~en the Moctgagor, . J^HN , G ~ , BEAN and . HELEN ,E ~ , BEAN,,, hi s , wi f e, , , , , , , , , , , , , , , , , , , , ,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "Borrower"), and the Mortgagee, . . . . . . . . . . . . . . . . . . .
• FIRSZ •NA'TIONA4• BANK• AND• •TRU&T• COMPANY •OF •ST~IAR~~ ~ ~ ~
aairingmodax~oci~ecof.a. Nt-ti~anal. Banking .Assocj..ation. . . . . ., whose address is. .P.O.. Azawer. . . .
. 231b.,. .Stuart,. Florida. . 33495 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "L.e~der").
WHEREAS, Borrower is iqdebtcd to I.ender in the principal sum ~f. FIFTY-ONE, THOUSAND, EIGHT ,,,,_,,,
,}I~1~i,D,RFI~ , A~1Q, ~10/ ~QQ-------$ S 1, 800 . 00-------. po~~ars, which indebtedness is cvidenced by Borrower's
note dated. ..~'0.~~.~~..~ ..•. ..• 1~81 .(hereia "Note"), providing for monthly instaliments of principal and
interest, with the balance of the indebtedness, if not sooner ~aid, due and payable on. ~.'~-~. .S. .........1986,
....................:
To SECURE to Lender (a) the rcpayment of the indebtedness evidenced by the Note~ with interest th~reon, the
payment of all other sums, with interest thereon, advanced in aocordance herewith to protect the security of this
Mortgage, and the performance of d~e covenants and agrcements of Borrower herein containcd, and (b) the repayment
of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein
"Future Advances"). Bonower does hereby mortgage, grant and convey to Lender the following described property
located in the County of. . . .$tf. ~+~lS~~ . . . . . . . . . . . . . . . . . . . . . . . . . .. State of Florida:
Lot 3, Block 55, SOUTH PORT ST. LUCIE, UNIT FIVE (S), a Subdivision
according to the Plat thereof as recorded in Plat Book 14, at Page
12 of the Public Records of St. Lucie County, Florida.
THIS IS A CONSTRUCTION MORTGAGE AIdD SECURES FUTURE ADVANCES PURSUANT
TO A CONSTRUCTION LOAN AGREEMENT DATED ~ ~~~ ~~Qj .
~~ _/0 3. G o ~~~~r of TNOEs
LUc OY Q~~= 'C 1llTAK6•9LE PFRSOHAI rR0?fiiTY.
FtJLSC:,lIT TO CId:PT~i 71-.:~. A.r.TS Of 1~71.
4;6:i P:IT •Ri
Ct Af( p~. {!:T Cue: T. ST. ltl.if fA, fLA}~ ~~
. . . . . . -- ; ~j ~
~ , 1'a: , j _ ~ ~.
~
~
~
~ ~.._
~~-;,; _ . .. _
~
which has the address of. Jl~G. S~,Mendoza Avenue_ ,..... .., ~. Port St. Lucie ~
. .. ...... .. .... .. .....
[stnetl ICtbI
, Florida. , , , ,33452, . , _ , , , , . (herein "Property Address");
tsrsa .~a z~p cod.l
TocErHER with all the improvements now or hereafter erected ~n the property, and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and pro6ts, 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
Jeemed 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 rnvenants that Borrower is lawfutly 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 tide to the Property against all claims and demands, subject to any declarations, easemcnts or restrictions
listed in a schedule of exceptions to coverage in ar~y title insurance policy insuring Lender's interest in the Property.
FIORIDA-1 to~ F~mi~y--6r~s-~NMA/FIILMC UNIFORM IK3TRUMEi1T ~~''jX349 P!GFz1~4
~b•
~~~~0