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~ ;nis 1~sirument Prrj~i~cd by: '
~ • . j~ilANi~ & tiAUUi~CK . '
j ~'i+~;l E'. G!tYAN _
~ . Att~~i~~y ai L~'.v • ~
600 C ~.~rtl.:nd Street ~ ~
vrij::d~, F!. 3280~~ `l~his in;t~umenl ~~•a. ~?M(?are~I Iiy:
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. _ ~'~OR~'GA~E .
~ ~ ~atricia ~3ethwill Mue~.ler
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~ T~IIS ~~tOR1'GAGh: is ii~adc thi, 2 6 th .~~9Y ~'f AugtlBt ~ I9$2 between ihe Morlgagor, '
BACKUS EAIT~RPRTSES, YNCORPORr'1TFD, A Fl~rida Corporation, t
~ iherein "9oxrower") , and th~e i~artgagee, ~ . ~
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~ First Union Savings and Loan Association, a F1ori~la Corpora~ion, whose= ~
address is 610 Delaware Avenue, Ft. Pierce, ~lorida 3345J (herein ~
~ pLender"). ~ ~
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~ - IYIIFRF.AS, I3orroN•er is inc~~bicd to l,cndcr in lhc princip~l :um ~?f FORTY-EIGHT TNOUSAND AND 00/100 ~
g.~- '
~ I)ollars, which indebtedne~s is evidenced b~~ Bczrro~r~~r's i~ut~• dat~•~) AUCJUSt ~6 ~ 1982 (h~•rein "~otc„), ~ ~
providing for monthly installmenls uf principal ani) intrrrst, with th~• halanc~• uf thc ind~~btrdne~., ii not.,~~un~~r paid, ~Iuc and €
payable on March 1~ 1983. (
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TO SF.CUftE to I.endrr (a~ !he repaym~~nt of lhe indeLtrdnca; e~-idenced by~ th~~ ~ole, witl~ intrrr.t th~r~ on, th;~ payment uf
1- all uther sums,. witl~ irtterest the~eun, advanced in acc~rdance her~with to }uc?tcct lhe ~reurity o[ tlti~ ;llort~~e, anJ tl~e p<<rf~,r- {
~ mance o[ _lhe co~•enants and agreement~ o( l3or~uwrr herein conlain. d, aaJ (L) tlie rep;~}'menl of ai~?- i~eture a~~vance.., h•itli interest ~
thereon, 11131iP, to Bo~rowe~ Ly Lendcr pur.;uant t~~ paragraph 21 hereuf (herciu "Huture :1di~anc~t'~, I3~uCteloe,!'ereb~• mort- ~
~ . gage, grant and conr•ey to Lender the following du~cribed properl~• localed in lhe CouM~• o( ;
- State of Florida:
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Lot 37 and the South i9.25 feet of Lot 36, elock 6, Jay Gardens, according ~
to the Plat thereof as record~d in Plat Book 10, Fage 70, Public Records of ~
~ St. Lucie County, Flarida., . ~
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; This Qortgage and the r.ote securPd hereby are executed and delivered to ~
~ secu~e mo.neys advanced ar to be advanced in accordance with,a Construction ~
Loan Agreement of even date her~with between_the mortgagor and mortga~ee,
i which ConstructiQn Loan Agreement is incorporate~ herein by re£~~~nce. ~
` Fai~lure by the mor.tgagor to. carry on or complete the constructr.3.cr. of :
improvements in accordance with such Construction Loan Agreement shall
congtitute a~default under this mortgage and the helder of the note may at ~
' its option cause the entire indebtedness securred by this mortgage to
~ become immediately due and-payable. ~ ~
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~-j-~T~ ~F ~ 5~ Mp ? t. ~ . Reeelved _ tn Payment Ot Ta~ _ }
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` s ~ Due On Ctass "C" Intangible Personat Prop~~.
pOCUMEN~ARY r` 1911._ '
c~~ ~~,--"p} ,a,~YENU~. :~„''"f,.~:r#s~ ~ ~ Q Q ~ . "pursuani To Chapt~r 71, 134,~Acts Ot , ~
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- ~f ROGER POITRRS ~
z~ SEP-3'82~'~~:~• ' 1
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d ~ ?.~3. ` . - Fta. r
j ~l +t~^, Clerk Circuit COUrt; St. lutie. Co.. . :
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~ which h~ the 3dd:~ of , Emerson Avenue, Ft, Fi Prce _
Floridd ~s~.K~~ . ~c~,~
' ' ~ ' . (herein "Property Address'~;
. . . . . . . .~s~.~ ~e 7.P~~ . . . . . . . .
~ ~ TOGETHE:i with all the improvements now.or hercafter erected cx~ the property, and all easements, rigl~t~~, ~}>p~irtenance~, '
~ rents ro alties mineral o~l and ~ ri t~ anJ roft; water watrr ri~~t5 and wate,rstock, ~nd al! fixtur~ now or hi~reafter attached
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to the property, all of which, including replxement~ and additions t iereto, sl~all be deemed to be and rem~n a part of the pro~erty
covered by this 1lortgage; and a!I o~ the f.oregoing. together ~+~itl? ~aid ~ropert~• (or the !~•a~ehold wtate if thi~ ~lortgag~ i: ~n a lease- '
hold) are herein referred to as the ``Property".. ~ - _
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f3orrower covenants that Borr~v?er is law(ully ~Pi~d o[ tl~c ~tate hereb)' ~•omeyed and i~a• the riglit to niortgaae~, ~rant and i:
con~~ey the Property, lhat thr P~oPerty is ureencumbered, and that l3orr~MPr rril) warranl aitd J~~fend ben~•rall~• the titl~- lu t~~e - ~
Properiy a~ain~l ali claims and demanc~s, ~abjec! to an}' dcclaraliurtc, ca~mcn~~ ur n.~lrir.(ions li.t~~d in a:~.h~•d~il~~ of rxccpiions tu
coverage in any title insurance polir_y~ in=aring (.~r~de~'s intere-t in the Pr~?ix•rly.
FIORIDA - e!~ 4 F~niry - 6/15 - fNMA/fHiMC UMifORM I~STRUMIEt(T '
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