HomeMy WebLinkAbout0980 ~ h~s ~ns{ru111cnt rrepareo oy:
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.~;i~+~ • ~ d ATRICU RETHWILL MU~LLER ~ {
~ Attorn8y at La~M ~
G00 CourlWnd Street `
5~~~ Orlando. FL 32804 ~
(305) 623•3339 1
This in~t~ument was ~rparcd bv~ ;
Patricia Rethwill Mueller1
MORTGAGE k
~
TFllS N1OR'fGAGE is made tF?u 30th ~ey~ December, 1982 between the MortQaQor, ~
RENNETB THOMAS RAY and NANCY McHALE RAY, husband and wife, ~ ~1~•~
(herein •Borrower"), a~d the Mortgagee, _ `~l
First Union Savings and Loan Association, a Florida Corporation, whose t
address is 610 Delaware Avenue, Ft. Pierce, Florida 33450 (herein
'Lender") .
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WIIERF.AS, I3orrower is indebt~d lu I.endrr in tl~P principal ~wn ~~f SIXTY-FIVE T80USAN0 AND 00~100 ~
Uollars, which indebtedness i. evidrnced by liorrowrr's note dat~•d Deeember 30 ~ I98Z (hrrrin "':~otr"),
providi~ig fur monlhly installmrn~~ o( principal and inl~~~.l, with lhr I?alan~•r uf thr indrbtrdnrs•, if nut ~~unrr paid, dur and }
payable on JUly 1~ 1983. - ~
TO SECURE to Lender (a) the rr~?aymPnl o[ the indrl?trdnr~: ~•?idrncr.d by th~• \utc, witli intrn•,t thrrrun. Ihe paymrnt of '
all utl~er s•u~ms, with interesl therrun, advanced in accurdancr hrrrwith tu ~rute~•t tl~e :rCU17ly' Of LII~. ~I~,rtia~agr, anJ d~e perfur-
(118I?1'C U~ U12 COY~O80~S 8f11~ BgIY'f'171PI1~~ U~ ~;WfUWC~ ~iC~PiD CUO~dlflTd, anJ th~ rr~aymrnl of any futurr ~U~~ance~, w~itl~ inlere~l
thereun, made to f3orn~wer by Lrnder pursuant tu paragrapl~ henY~f (herein '`F ulure Advance~~ ~BogVr~ef ~ue:: hereby mort-
gage, grant and convey to Lender the [ulluwing de~ribed proprrty lucated in th~ Cuunty of
~tate of Florida:
Lot 5, CANOE CREEK, according to the plat thereof as recorded in Plat Book ~
18, Page 9, Public Records of St. Lucie County, Florida, j
This mortgage and the note secured hereby are executed and delivered to
secure moneys advanced or to be advanced in accordance with a Construction
I Loan Agreement of even date herewith between the mortgagor and mortgagee,
' which Construction Loan Agreement is incorporated herein by reference.
; Failure by the mortgagor to carry on or complete the construction of
j improvements in accordance with such Construction Loan Agreement shall
i constitute a default under this mortgage and the holder of the note ~ay at
k its option cause the entire indebtedness securred by this mortgage to
~ become immediately due and payable.
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~ whichhasiheaddreseof Canoe Creek Lane, Ft. Pierce
~
I Florida 33450 ~"'r"~ tC~~Y'
~ ' . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "Property Address'7;
~ ~ Jute and Zip Code ~
; TOC;ETHER with all the impruvements now or hereaftcr ererted on the propert and all ea5em~~nts, ri~~4., ap ~urtrnances,
~ rent~, royalties, mineral, oil and gas rigfits and profi~., watrr, w~at~~r ri~~l~, and water :t«•k, and all fixtur~ now ur hrrea~ter altachPJ
to the property, all of which, including repl~:ement. and additions t rrr.to, shall br der.med to be and re~nain a part of the pru{~erty
~•overed by thi, ~lortg~ge; and all of the fore~ving, togethPr with .ai~l proprrt~• (or thF Ira rhold ~tatr i( tlu:. ~1or(gag~~ i. on a I~a.e-
~ hdd) are herein referred to a~ the "Property' .
~
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~ l3orrower co~enant; that Borrower is lawfully .~i.rd ~?f thF ~:,tatr h~•n~b~ cunvey~•d and I~x thF riRlit tu n~urtga~~•, grant and ~
comr,y the Proptrty, that lhe Property i: un~n~•umbFn•d, and tl~al Iiorn~Mrr will warranl and Jrfcnd ~rn.•rally lhe titl~• tu tlx `
Pruprrty again:t all claims and drmands, ~ubjr~t tu an~• d~clara[iun., ~•a..~•m~•nl ~K n~tri~•li~m~ li~t~~d in a~•h~•dul~• of r~c~~ption~ to
~ coverage in any litle insurancr policy in:uring-I.rndrr'.~ interr-t in thP I'ro~H•rty.
~ FLORIDA to! Fsm~ly - i/15 - f~wFH~rc UMIf01{M INSTRUMENT dQtb( Jc7~ PaGE
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