HomeMy WebLinkAbout0930 w~
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'Y'hl~~astrument aAS prcpareci by: ~
tieri H . Youn~
~omm~ercial Loan De~.t ~ . ~ .
. _ First Natioual Bank & Trust Co.
~ ~ I~ORTGAGE p~O,Arawer 2316,Stuart,F1.33494
THIS MORTGAG~ is made this . . . . . . . . . . , . , da of . . , . , MaX . : . . . : . . . . . . . . . . . . .
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19. .82 bctween the M~rtgagor,. ?~AVID.MARKOVIC.and. SYDF~~L OVIC~.his wife. .
~ . (herein "Borrower" ~ and the Mortgagee~ . • ~ • '
' . RRST .NI?110NAL.B~ANK AMD. 7Rl~1: ~OMP.A?NY. AE.SIIJART,~~tuart,Fl a corporation organized and
existing under thc laws of. . , a. National. Bankin~ :Association, : : ~hose address is . . . . . . . . . . . . . . . . ~
• PA. Ga~we 23ab~ Shur~t~ R, 33~94. • . . . . . . . . . . . . . . . . (hercin "I.cnder"). .
WH~REAS, Bocrawer is iqdebtecl to Lender in ihe principal. sum of . FORTY FIVE. THOUSAND . AND NO/ 100. ~
~ ~~~ars, which ind~btedness is cvidenced by Borrower's
note dated . . ~~Y, ~'f
~ . 1982 . . . . . . . . (herein "Note"), providing for monthly instaliments uf rin~ip al dnd
interest, with thc batance of the indebtedncss, if not sooner paid, due anci payable on. ...~~r ~.14i3,2.
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To S~cuRS to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thcrcon, the
. payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
Mortgage, 2nd the performa~ce of the covenants and agreements of Borrower h~rein contained, and (b) the repayment
of any future advances, wIth interest thercon, made to Borrower by Lender pursuant to parag~aph 21 hereof (herein
"Future Advances"), Borrower does heretiy mort~age, grant and convcy to Lender the f~llowing dcscribed prope[ty
St. Luc~e
located in the County of. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State of Florida:
Tot 1, Block 145, SOUTH PORT ST. LUCIE, UIVIT EIGRT, a Su6division according to
tfie Plat ~thereof recorded in ~lat Book 1~+, Pages 26 and 26A through~26ll, of the _
Public Records af St. Lucie County, Florida. .
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THIS IS A CONSTRUCTION MORTGAGE AND SEGURES FUTURE i~DVANCES PURSUANT TO A ~
• CONSTRUCTION LOAN AGRE~NT DATED MAYa , 19$2 ~
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which has the addrsss of. . , . . . . . . . TG'rP~ '~-LtC'c'Q,1. . . . . . . . - s
:
~ (strest) (ccsy) }
- ...~1DR/~(~:. 3~~a. .(herein "Proix;rty Address"); . ~ '
[SUte snd 2ip Code) k
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~ - _ ToGETHER with all the impcovements now or h~rcafter er~cted ~n thc property, and all ~.asements, rights,
appurtenances, rents, royalties, mineral: oil and gas rights and proFts, water, water rights, and watcr stock, and ail ~
` hxtures now ar hereafter attached to the property, ~Il of which, including replacements and additions th~:eto, st~all be ~
dce~ned to be and rernain a part ~f the property cave:ed by this Mortgage; and all of the f~regoing, together with said ~
progt.-ly (or t~~; 'easehold ~estate if this Mortgage is on a-ieasehald) are herein rcferred to as the "Property". .
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BQ~ rower covznants 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 unencumbcred, and that Borrower wi~l warrant and defcnd
gencrall} the tide to the Propery against all claims and demands, sub}ect to any declarations, caserttents ar restrictions
listed in a schedule of ex~eptions to coverage in any title insuranee policy insuring Lender's interc.st in the Property.
. FLGRiQA-1 to 4 Family-6175-fNMA/fNtMC UNIFORM tNSTRU!41fNT ORc~+~
- ~ B~OKc~ / ~ fAGE ~ ~ .