HomeMy WebLinkAbout0306THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE 51953'7 ~~°~
&A?L^^N DOB UPC*1 MATlIRITY ZS $56,Q4Q.^0, TOCETHER WITH
ACCRUED INTEREST, IF ANY, AND AI.L ADVANCEMENTS MADE BY ~~~~pt wat npued by:
THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. ~~'~~~t. ~l~t~i~q~~~.,~aql~ .~, ,,
~'~~t, ComRa~y, of 5~4~~~, 0
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MORTGAGE
TH1S MORTGAGE ia made this . . ~ . . . . ds of . A'!~rch . , , , , , , , ,
.,
19. 81., between the Moctgagor, . JOSEPH, R.. SUTTON. and. M ;~.ROS. , . . Y .SUTTON.,, his ,wife, , , , , , , , , , ,
. . ~ . (her~ein "Bornower"), and the Mongagee . . . . . . . . . . . . . . . . . . . .
. .F1RST. NA'i40NAL .8Al1K . AND . .TR~lS.T . COIIAPANY. DF .8nlAR=
. a. Nat,~.anal. ~anktn8 .Asso~~,at~QO. . . . . ., wbose addnaa is. .~.0.. Rxawer. . . .
2~~b.:. .Stuax~.. ~.~.Qrida. . ~349~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (hznin "I.znder'~).
WHEtee~s, Borrower is ir~debted to Lender in the principal sum of . SIXTY THOIISAND AND . NOf 100------.
-$ 60~ 000 :00--------------. poUars. which indebtedneas ia evidencxd by Bonower's
note dated.~.~?~rch. ~......1981.....(~~in "Note"), providiag for montbl i lmeats of pri 9e6 and
interest, with the balance of the indebtedness, if not sooner paid, due and payable on ~~~ . g......... 8.....
............:.......:
To SECUxE to I.ender (a) the repayment of the indebtedness evidenced by the Note. with interest t6ereon, the
payment of all other sums, aith interest thereon~ advanced in acoordance herewith to protect the security of this
Mortgage, and the pedormanoe of the oovenants and agrcemants of Borrower henin oontained, and (b) the repayment
of any futurt advances. with interest thereon, made to Borrower by Lender }wrsuant to piragraph 21 hereof (herein
"Future Advances"), Bornower dces hereby mortgage. grant and convey to Lender the foUowing described proQerty
located in the Couaty of . . . . . St; . Lucie . . . . . . . . . . . . . . . . . . . . . . . . .. State of Florida:
Lot 23, Block 182, SOUTH PORT ST. LUCIE UNIT FOURTEEN, according to the
plat thereof, as recorded in Plat Book 16, pages 29 and 29A through 29C,
of the Public Records of St. Lucie County, Florida.
THIS IS A CONSTRUCTION MORTGAGE AND SECURES FU1VTcE e~--D~icltvCES PL'RStit~ivi Tu
A CONSTRUCTION LOAN AGREII~NT DATED `~{ ~,~ ~ 6, 19'~I
REOf1YE0 t •~0.00 pl -AVNE1fT OF TAXR
CUf Oi CI~St 'C plT~ti6~8LE PEP.SO:t:~l PEO?f~iY~
fUnSL'Uli TO GHt.PTER 71•13~. ACTS OF 1l;1.
R~6ER PWTRRS
CLFRI~ paCU1T CO/ftT. !T. LYC~ C0. FLA~~~ ~ ,
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which has the addre.cc of . . . . . . . . . . . . . . . . . ~win .Drive, , , , , . , , . _ . , , . ,Port _ St... Lucie. . . . . . . . , .
. . .. . ., .... . ..... .,
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. Florida_ . 33452 , , , , , , , , . . . ~}~~ ~~property Address");
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TOGETHER Wlttf 81I tt1C improvements now or hereafter erected on the property, and all eauments, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights. and water stocr, and all
fixtures now or hereafter attached to t6e property, all of which, including replacements and additions thereto, shall be
deemed to be and remain a part of the propetty covered by this Mortgage; ~nd all of the foregoing, together with said
property (or the leasehold estate if this Mortgage is on a leasehold) are herein referred to as tt~e "Pcoperty".
Bonower oovenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage.
grant and convey the Property, t6at the Property is unencumbered, and that Borrower will warrant and defend
generally the tide to the Property ag,ainst 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 Lender's interest in the Property.
fL0~l0A-1 to 4_hmily-6/75-FNMAIiNLMC UNIFORII IMSTRUMENT g~~K •J~ PA(~ ~