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~,:::;;r. . t ,f This instrwnent wa~ pM~arrd Gy: ;
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M4R~'GAG~+ patr~cia Rethwill Mu~ller !
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' T~IIS 1i0R'I~G ACF: is made ~h?~ ~26 th ~ d~y' uf ~UC~ USt ~ 1~~ 2 between the Mor:gagor, ;
BACKUS ENTERPRISFS, INCORPORAT~D, A Florida ~orporation, '
(h~rein "Borrower"), and the Mortqagee, '
~ First~Union Savings and Loa~ As~ociation,_a_Flor,ida Cor~oration, whose ~
address is 610 Delaware Avenue, Ft. Pierce, Florida ~3450 (herein
01Lender") . - ~ ~ `
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1l'11FliFas, I3orrowcri~ indcLled lo I.endcr iu ll~e principal sum uf FORTY-EIGHT THOUSANIS AND 00/100
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Duliars, whicl~ indebtcdne~ i~ evidence~! bp liorrow~~r'~ nute ~lal~~J August 2 6, 1982 •(h~~r~:~ti "\otr„), ~
pro.iding for rnontlily inslallmr.nt4 uf.~rincipal and inler~~,t, with lh~~ halanc~~ uf thc indebt~~dnP:s, i( not ~oc~ncr paid, du~• and ~
- payable on Ma rch 1~ 19 $ 3. ~ : '
TO SEC~RE t~~. Lender (a) thc ~epa}~n?~nt of the indrLtednc.; e~idenccd I~y thr \ute, will~ int~~rcst l1~Prcon, the ~~ay~:~~~~t of
, all otl~er sums, witl~ intere~t thereon, ad~•anced in accordance here«ith tu ~rutc~•t the ~rcurily uf t6i, \lurtgage, and tlie pcrfur- . '
mance uf the cu~~enant~ and agreement~ of fiorrower lien~in containrd, and lhr repay~ment of an~• futurc a~i~anc~•:, Milh inlcrr~t ~
thereon, made tu [3orrower Ly Lendcr pur.:l:~nt to p:+ragraph 21 hcrrvl (Ilerein "Fidure Advanc~~), I3~UC
~ elue' {'ereLy mort- ~
gage, gcan! and con~•cy to Lender the tullow•ing dwcnb~d proE~rrt~~ localcd in the Cc>unty nf ~ • ~
State o[ Florida: - . .
Lot 36, less the South~19.2~ feet and~als~ the Sou~h 38.5 feet~of Lot 35,
Blo~k C, Jay Gardens, accordfng -to the Pl~t thereof as recorded in Plat ~
Book 10, Page '10,. Public Records of St. Lucie County, Florida., ~
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This mortgage and the note~secured hereby~are~execut~d and delivered to ~
secure mu~eys advancetl or to be advanced in accordance with a Constr~ction
. Loan Agreement of_even date herewith between the aQrtgagor-and-mortgagee, ~
which Canstruc:tion Loan Agreement is incQrporated her~fn by-reference.
Failure by the iaor~gagor to carry on .or compl :te the construction of ~
improvements in accordance wf~h such~Construction Loan Agreement shall E
constitute a default under this mortgage and the holder of the n~te may at ~
its option cau~e the entire indebtedness securred by this mortg~ge to _ ~
become iramediately due and payable.. - ~
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7: ~ ~T"~~3~ E:. ~ F ~ O R 1 ~ ~ ° u or ~ ~
oz G~ DOCUMENiARY ;:::=-.Y STAMP i!, X~ ~~In ~sY'~'e~ Qrop~ert~i
[SEf~t.OF REkF.~tUEE~~~~ e~sonal
-a _ - - ~ }r'-~'~,,, ~ • R~lv~d G„ ~~tangy~e P 0~ 1971<
~ SE -3'82 lass A
' K - - ° 7 0 ~ ~t5
~e ~ e~ 71. 134• 3
. - ,PB,~ - ~ - Pu~~a t To ChROC}~R ~~TfiP`S Fla- - ~
- ~ ~tk Ct~cuii Co~?~~ 5t• 1.ucie. ~Oi ~
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~merson Avenue, Ft. Pierce -
which has the address ~rf . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Florida - t~•n~1 - f~•~~l
` _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herein "Propcrty Address'~; ~ " . .
- (Slate and 7.ip Code J
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! TOCETHER with all Ghe imprcrvemenls now or hereaftcr erecte~l cx~ the proper!j~, and al) easemcnts, rigi~~~, a}? ?urienar,ces,
' ren~s, royaltie~, mineral, oil a~d gas rights ared profiL~, ~alr.r, watcr riol~ts, and water stock, and all fixlures now un c~rea~ter allachr~ ~
' to the ~roperty, 311 of which, including replac:e.ments and additions t~emto, ;ha~l be clee.med'to be and retnain a part of the pru~e ri~~ s
~ covered by this ~iortga~c; and alt of the foregoing, togelher witlt <aid pru~wrt}• (or the Ica:el~old eatste i~ this 1lortgage is un a t~a,c-
~ hdd) are herein referred to ~ the "Property". ~ -
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~ Borruwer co~•enanls tl~at Rorcoker is (awh~lly sei~d o( !he ~tate hercb~• c•cx~~~eycd ancl ha the riglit to mortgagr, granl and
- conr~e} tl~e Property, that the Property is uncncuntLrred, and that Ii~xrowFr will warrant and dFfcncl aPnerall~• the titlr lu thc
Property again~l al) claimz and demands, s~~bject !o an}' ~~'cl3rations, ~a~emen4 crr rc:trictions list~d in a•chrdule u( excr.ptimi: lo
~ ea~eragP in any title insurance poticy in~uring f.ender'~ iniere;t in thr. ~'r~~~x•rt}-. . ~
~LORIDA--i ro 4 fimilp - 6/75 - FMMA/FHLM~ UNlFORM IMSTRUMEMT F~GE-
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