HomeMy WebLinkAbout0226THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE
.sALL00N DUE UPON MATURITY IS $27,360.00, TOGETHER WITH
ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADL' BY
THE :~lORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
MORTGAGE
5~1128
I~,
Tvia instrumeat was prepared by:
First National Bank b
. Trust. CompanY, of Stuart
..... .... . ... ......
THIS MOR7GAGE is made this . ~Ol ~~ . dav of . ~~ch _ . . . . . . .
.......................... .. .... .... ..
19. ~ 1 betwcen t6e Mortgagor, , , !-UU15 J. SAVliv1 and AAiNA L. SAV1N1, , his. wite . . , . . . , . . . . _
.. . . . ... .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "Borrower"), and the Mortgaget, . . . . . . . . . . . . . . . . . .
FIRSt .NATIONAL. BANK. AND• •TRUST• COMPANY •OF • 8~UAR~T •• ' ~
. . a. Nati.onal . Banki.ng .Assoc3ation. . . . ., whose address is p ~4• . AF.a~iQ~G . . . . .
. 231b.,. .Stvsrt.. ~.~ax~da. . ~~.49~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "L.endec").
WHeR~-s, Bonower is iqdabted to Lender in the principal sum of . FORTY THOUSAND AND , NO/ 100------,
------------------$4Q s Q00 ;00--------------. .~llars, which indebtedness is evidenced by Borrower's
note dated . . ~lax~h . . . ~ ~-. ~. . . . . ~ 9$1. . (herein "Note"), providing for monthly installments of principa! and
interest, with the balance of the indebtedness, if not sooner paid, due and payable on ..~rch _,!~ ,.,, 1986 ,,_,
.....................
To SECUteE to Lender (a) the repayment of the indebtedness evidenced by the Note, with inierest thereon, the
payment of all other sums, with interest thereon. advanced in accordance herewith to protect the security of this
Mortgage, and the pedormance of the covenants and agreements of Borrower herein contained, and (b) the repayment
of any futnce advances, with interest thereon. made to Bonower by Lender pursuant to paragraph 21 hereof (herein
"Future Advances"), Borrower does hereby mortgage. granc and convey to Lender the following described property
located in the County of . S~, , ~.pcie , , , , , , , , , , , , , , , , , , , , , , , , , , , ,, State of Florida:
Lot 27, Block 7, Beau Rivage Subdivision, Plat No. 4, according to the
plat thereof recorded in Plat Book 11, page 33, St. Lucie County, Florida
Public Records. _
THIS IS A SECOND MORTGAGE.
t~
~~~ ~
G~prpc~:~v' -. __'~~ _~ In Payn~s'~lf f~;f Tn~nc
r. . , ' int-ingib!ePe~~~..~' ,
c - • ~. 71. i 34. :~,;.ts :~ ~ " j~
.::;GER P~1iR:+S j~
."'}: • _ _.. .. ...'t, St. ~::c{8. ~., ;o.
which has the address of. ..124. St,., Lu~~e, Lane ,Beau, Riv,age,West,; Stuart,_ Floriaa, , 33494 ,,_,~
[su..el [cibl
. . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein ••Property Address");
[Shb and Zip Cod~)
TOGETHER Wlth ~I tt1C improvements now or hereatter erected on the property, and all easemeots, rights,
appurtenances, renis, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all
6atures now or hereafter attached to the property, all o~ which, including replacements and additions t6ereto, shall be
dcemed to be and remain a part of the property cor•ered 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 Bonower 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 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 any title insurance policy insuring Lender's interest in the Properiy.
FLORIOA-1 to 4 family-6/IS-FNMA/fHIMlC UNIFORM INST~UMENT i,R
~~~~ 351 P,~~E 225