HomeMy WebLinkAbout0999 , . ~v
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TGIa instrumeat was pnpsred by:
~ J~hn ~;ennimanr , Chartered
. .
73S Oolorac3o Ape,tnle
Stuar~, FLor~da 33A9'7~~~~~~
~~~.~~1~~~
THIS MORTOACiE is m~de this . . . . , . . 3Q~ . . . . . . . day of . ~~x:
19 86 between the Mortgagor, . ~X.$~r. ~~.~•.4~R~?.. k:~Q~'~. PAX~Q~k~PI~~.~. .
~!!~`'t±lAillb~ll~.'~Af~lK i4Plb t1tU~1' CGb1a~Al~~~~' ~~~l~er"), and the Mortgagee . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ a corporation organized and
existtng undcr the laws of. th~ .ilnited. S.ta~e$.of. A~xi~~. . . . . . . whose address is . . . . . . . . . . . . . . . . . .
. . . .Q.Q,. Ctew~+: ~3~b. Sfv~rt. Fl..33444 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "I.endar").
WHBRBAS, Borrower is indebted to Lender in th~ principai sum of ...~'i .~ZS~`I ~41I'A~~? .~0~3a~
ANR .~O,I~.Q~----- ~$~.,~2QQ.OOPr 4~~.':°' Dallars, whIch indebtedness is evidenced by Bonower's
notc dated . . .QCtA~ .~Q. . ~.9$6 . . . . . . (herein "Note"), providfng for monthly tnstallinents of princip~l and
inteeest, with the balance of the indebtedness, if not sooner paid~ due and payable on. .~~74~'. ~Q... .7.~88. ,
t.,
~
To SECttRE ta I.ender (a) ihe repayment of the indebtedness evidenced by the Note, with interest thereon, the e
paymer~t of all oiher sums, with interest thereon, advanced in accordance herewith to protect the security of this
Mortgsge, and the performance of the tovenants and agrcements of Borrower herein contained, and (b) the repayment ~~Q
of any future advances, with interest thereon, mAde to Boerower by Lendee pursuant to paragraph 21 hereof (herein
"Future Advances"), Borrower does hereby'mortgage, grant and convey to Lender the foliowing describeci property `
located in the +County of , . . . . . . . . . I~~,~ . . . . . . . . . . . . . . . . . . State of Florida:
8e~ing all o~ Government Lot 3, Sectlon 22, Township 37 South,
Range 40 East, SL. Lucie CQUhty, t=lorlda, less the following
described tracts "8" and "D" to w!t:
~escribed Tract "B"
~
~ Commence at the 5authwest Corner of said Gov.ernment Lot 3;
~ :1 thence S 89°57' 13" E, al ong the South l i ne of sa i d Government
; g ~ LoL 3, a distance of 402.60 feet to the point of beginhing of
~ ~ the following described tract "8"s thence N 28°11'19" W a
o a~' d i stance of 85 . 69 f eet Lo a po t nt 1 n a non tangent curve
• ~ ~ 75 ~ concave to the Northwest hav i ng a rad i us of 298 . O 1 feet, the
T~s~ ch~rd of which bears N 37°29'28" E; thence Northeasterly along
~ a 4 a~~ the arc of said curve a distance of 141.59 Feet through a
~ = o~~, central an gie of 27°13'22"; thence N 23°52'47" E a distance of
o Q~ IS0.38 fest to the beginning of a curve convave to the
$ C^~~( Narthwest having a rad ius of ~ 42. 4 Q feet; thence Northeasterly
along ~he arc of said curve a distance of 178.92 feeL through a
y ~ central angle of 23°11'36" to the point of reverse curvatu~e ~
o with a curve concave to th$ Southeast having a radius of 35.00
~ feet; thence Northeasterly along the arc of said curve a
~ ~ o~ distance of 50.19 feet through a c~ntrai angle of 82°10'05" to
g 82°51'16" E@a dtstancerof~72r15dfeet to the b ginrtin~ ofeace N
~ Ccontlnued on ExhibJL "A")
~
~
~ ~ THIS CONSTRUCTION MORTGAGE SECURES ~U7URE ADVANCES PURSUANT TO A
~ CONSTRUCTION LOAN A~REEMENT BEARING AN EVEN DATE HEREWITH, WHICH
CONSTRUCI'ION LOAN COPITAINS PARTIAL RELEASE PROYISIONS.
~
~
~ which has the address of. . . . . ~Y .$t, , I.ucie ,S`ubdi,v,isi~o~;t~ , St.. Lueie .Cauntx, .
~ ` ~ [streetl . ~cityl 4
. . .k'~.9~7~a . . . . . . . . . . . . . . . . . (herein "Proper~y Address");
~ (State and Zip Code]
ToceTxER with all the improvements noui or hereafter erected on the property, and all easements; rights,
i appurtenances, rents, royalties, minerai, oi! and gas rights and profits, water, water rights, and water stock, and all
~ fiatures now or hereafter attached to the property, all of which, ineluding replacements and additions thereto, shall be
~ deemed to be and remain a part of the property covered by.this Mortgage; ~nd alt 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 th2t Borrower is lawfully seised of the estate hereby conveyed and has the righi to mortgage,
grant ansi convey the Froperty, that the Property is unencumbered, and that ~orrowcr will warrant and defend
generally the title to the Property agair~st ail claims and demands, subjcct to any declarations, easements or restrictions
listed in a schedule of exeeptions to coverage in any title insurance policy insuring Lender's interest in ihe Property,
FLORID~-1 to 4 Family--6/15-FM1~1Jl/FNIMC UMifOAM INSTRUb1EHT
~1 - 8~0~19 P~G~0~93