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MORTGAGE ~
_ TNIS MORTGAGE ("Security Instrument") is ~ven on October 24, °
8
19 84 . The mortgagor is MARTIN F. ZEDIKER and ANTONETTE K. ZEDIKER, his wif e, a
("Barrower").1'his Security Instrument is gi~en to ~
FIRST UNION Sh: T_NGS AND LOAN aSSOCIATION, , w•hich is organized and existing
under the laws of the 8 tate of Florida , and whose address is
b10 DelaWare Avenue, Ft. Pierce, Florida ("Lender").
Borrower owes Lender the principal sum of FORTY TWO THOUSAND EIGHT HUNDRED AND NO/ 100---------
____________________________.~ollars (U.S. S 42, 800. 00 This debt is evidenced by Borrower's note
dated the same date as this Security [nstrument ("Note"), which provides for monthiy pa~ments, with the full debt, if not
paid earlier, due and payable on March 1, 1985 . This Se~:urity
Instrument secures to Lender: (a) the repayment of the deht evidenced by the Note, w•ith interest, and all renewals,
extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the
security of this Security Instrument; and (c) the performance of Borrawer's covenants and agreements under this Security
Instrument and the Note. For this purpose, Bonower dces hereby mortgage, grant and convey t~ Lender the following
described property loeated in St. ;.ucie County. Florida:
Lot 32, Block 508, PORT ST. LUCIE, SECTION TEN,
according to the Plat thereof, as recorded in Plat
Book 12, Pages 49 and 49A through 49G, of the
~ Public records of St. Lucie County, Florida.
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R This mortgag2 and the Note secured hereby are executed and deiiverd to
secure moneys advanced or to be advancPd in accordance with a Construction
i.oan Agreement of even date here~rith between the Mortgagor and Mortgagee,
i which Construction Loan Agreement is incorporated herein by reference.
~ Failure by the Mortgagor to carry on or complete the construction af
~ improvements in accordance with such t;onstructi.on Loan Agreement shall
` constitute a default under this mortgage and the holder of the note may at
~ irs option ca~ise the entire indebtedness secured by this Mortgage to.
~ ~ became immeditately due and payable.
" SEE ADJUSTABLE RATE RIDER AND DUE ON FURTHER ENCUMBRANCE RIDER ~
ATTACHED HERET4 AND MADE A PART HEREOF. "
~
~ .
~ whichhastheaddressof 1733 S.E. Floresta Drive . Port St. Lucie .
~ _ (st~eee) (c~tvl
Florida 33452 (..Property Address"):
~ ~z~o c«~pi
; Tcx;F rFiFR W'~ rH all the improvements n~~w or hereafter erected on the propert}•, and all easements, rights,
` appurtenances, rents, roy~alties, mineral, oil and gas riglits and pro~its, water rights and stock and all fixwres now or ~
~ hereaRer a part of the property. All replacements and additions shall also be covered by this Se~urity InStrument. Ali of the i
foregoing is referred to in this Sec~r~ty instrument as the "Property." ;
BQRRO~~'ER CnvFti.S~7s that Borrower is law~fully seiced of the estate hereby conveyed and has the right to j
s
mortgage, grant and com~e~~ the Pro~rty and that the Property is unencumbered, except for encumbrances of record.
~ Borrow~er uarrar~tti and will defend g~nerall}• the title to the Property against a!1 claims and demands, subject to any
~ encumbrances of record. -
Tt~~s St:ct;Ri1~~ ItistKt;~E:~T combines ~niform covenants for nationa) use and non-uniform covenants w~ith
~ limited ~ariati~ns by junsdict~on ro constitute a uniform security instrument covering real property.
' ~4~ f~bE
FLORlDA--s:-~~!e F;m~Iy-FNMA/fHLMC UNIFQRM IMSTRUMENT Form 3Q10 12/83
F~~anc:a. la« Fn.ms~•
Form 1615
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