HomeMy WebLinkAbout0936 ~~4~ This instn?ment was prepared by:'
G@Q~l~.f~.. P..A.. .
~ .0 .~ox. 2?,~,4 . . . . . .
Stuart, FL ~33495
MOItTGAG~
~-'t~- January
THIS MORTGAGE is made this ~ . . . . . . . day of . . . . . . . . . . . . . . . . . . . . . . . . . . ~
19. . 87 betwcen the Morcgagor~ ?'WENTY ,ACRES,, , INC , a, ,Florida, cqrpora,~~Qr} , , , , , , , . , .
he "~g~rr wer"), and the Mortgagee~ . . . . . . . . . . . . . . . . . . .
'FI~''IV%?1'IbNa1~.. 9AN1~'I\N~ ~'1'aUSt~~btiApi4NY STUA~T , , , , , , , , , , , , , a corporation organized and
eaisting under the laws of. the~ LTnitecl .States ,of ,Ameriea, Whose address is . . . . . . . . . . . . . . . . . .
. . . . P.4. l~re~w~ .~3ib, .StuatF. .F1. 33~44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "L.ender").
WHEREAS, Borrower is i~r
debted to Lender in the principal sum of.TWO , HUNDRED, THOU,S~H4, ,an~
no/100's ($,200.,,000 . 00 ~~~ars, which indebtedness is evidenced by Borrower's
note dated. .January, _15,, ,19.87. ,,,(herein "Note"), providing for monthly installments of principal and
interest, with the balance of the indebtedness, if not sooner paid, due and payable on . Janua~Y. 5.R . 1-.9 8 8•
To SecuRE to Lender (a) the repayment of the indebtedness cvidenced by the Note. with interest thereon, the
payment of all other sums, with interest thereon~ advanced in accordance herewith to protect the security of this
Mortgage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayment
of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein
"Future Advances"), Borrower dces hereby mort~age, grant and convey to Lender the following described property
located in the County of. . . . . . . . . .$t. , j{y~~~ . . . . . . . . . . . . . . . . . State of FlQrida:
Condominiun Unit A of Builcling 2, PH~1.SE F~Otkt, Buildirqs 4 and 5, PHA.SE FIVE, -Buildings
6 and 7, P'F1ASE SIX, Units A and D, Building 8, PHASE SIX, Building 10, Pi~SE SEV~N,
Units A and B, Building 11, P'I~~ASE S~~JII~I, Buildings 32, 34, and 18, PHAS,E EIC~,
Buildings 19~ 20, 31 and 33,.PHASE NIlJE, Buildings 21, 22 and 23, PHASE Z'IIJ, Buildings
24, 25 ar?d 26,~ Y~SE EI~'~lII~i ~r~d Buildi~gs 27, 28, 29 and 30, PHASE ZWII,VE, C1~1N~LA~
GARDIIVS OUI~IDONia]IZM, aco~rciing to the Declaration of Gondaniniun of C~OT
GARDIIJS OOI~ID~TIUM, and a11 exhibits attadied and fornung a part of said Declaration,
as said Declaration is reoorcled in O. R. Book 374, Page 923, and as a~nended in
O. R. Book 374, Page 1024, all St. Lucie Co~ty, Florida public reoords. The
abov~e d~escription includes, but is not limit~d to, all a~artenanoes tA the aondunir~ium
uni.t abovie described, including an undivcied interest in the ocnmr~n el~nts of said
Car~3aniniun as set forth in i~e aforesa.id Declaration of Conc~aniniun. !
ZHIS ON N1~F~PG~E SDCtJRES FVIURE ADVANCFS PURSUANr TO A COIZSTRUC°PION IAAN ~.d~
AGRgi~ B~F'1~RIlJG AN E'VIIV OAZ'E I~IITH.
THE PROI?ffS90RY NOTE SDCZJRID BY TFIIS Nf~F~PC'~E OONrAIIZS VARI~BI~ IN~ST RATE PF~JISICNS.
TE~ Il~T RAZ~ AI~ID NbNI'E~,Y PA~'rfl5 CAI.i~ FOR BY SAID NO'I~ ARE TH[JS SUBJDC.~ TO
~
• Nbrtgagee agrees to grant releases frcm this morGgage ba.sed upon a release priae of
~ $3, 000.00 per uru.t. '
~
~ This is a Third Nbrtgage. In Pa~~t 04 t~xk
~ Received S ~ -
` Duo On Gl~ss "C•, Intang~bie Personal Ptop~rir~ '
Pursuant To ChaPter 71, 134, A ts Of 1971. ~
s ~
DOUGLAS DIXON, f~
Clerk Cucu~t Cou~f~ St. lutie,
~
3
which has the address of. . 2244 ,S.E., Blosscm, RDad,, ,Port, St., ,Luci~, , Florida, , ~3452 , , , , , , , , , ~
tst.aev [cityl '
. . . . . . . . . . . . . . . . . . . . . . . . . . . . (}~erein "Property Address");
[sts.a anC Zip Codej
TocE'rtt~R with all the improvements now or hereafter erected on the property, and all easemcnts, rights,
~ aQpurtenances, rcnts, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all ~
fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be {
~ dcemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, tt~gether with said I
property ~(or the lcasehold estate if this Mortgage is on a leasehold) are hercin referred to as the "Property". ;
Borrower covenants that Borrower 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 title to the Property against ali claims and demands, subject to any declarations, casemenGs or restrietions
listed in a schedul~ of exeeptions to coverage in any title insurancc policy insuring Lender's interest in the Property.
FLORIDA-1 to 4 Family--6/75-FNMA~FHLMC UMIFORM INSTRUMfNT
eK0528 P~GEQ933
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