HomeMy WebLinkAbout2670 I022924 ~
Thia instrument prepared by:
~ Fint Naiional Bank and Truat
Company of Ths T~asur~ Coast ~
P.O.Box 9012
~ F~ ~ OoUGt.AS rnx~N Stusrt, Florida 34995-9012
Add Fee = St Lucie (',~~:n'v
Lbc'Tnz = Clerk of Cir~u~t t~~~ rt `
Int Tau S Jv ~ gy _
~ DeQuty C1esY
~ S!U
T•:.at ~
- ISpace ADave TT+ie Une Fa Recwdirq Oats~
M~RTGAGE ~
THIS MORTGAGE ("Securtty InsVumenY~ is gNen on January 29 1990
i he mortgagor is James A. Posey and Evelyn D. Posey , His Wifs
("Borrower'~.
Tn~s Security Instrument fs give~ to First Nationai Bank and Trust Companv of The Treasura Coast
which is organized end existing under the Isws oi Ths UnRed States of America , and whose address is ~
P.O.Box 9012 Stuart. Fiorida 34995-9012 ("Lender'~. i
Borrower owes Lender the prinapal aum of Ninety Thousand and 00/100
Dolars
(U.S. 3 90.000.00 This debt is evidenced by Borrowe~'s note dated the same date as thb Security Instrument ("Note'~,
which provides tor monthly payments, with the ful debt, if not paid eatfiier, due and payt?ble on 0-0-00 . Thb SecurRy x
Instrument secures to the Lender. (a) the repayment oi the debt evidenced by the Note, with inierest, and ar renewals, extensbns and Radfica-
tions; (b) the payment of eM other sums, with interest, advenced undar peragraph 7 to proted the aecuriry of this Securily Instrume~t; end
(c) the perfom~ance oi Borrower's covenants and agreements under this Se~uriry Instrument end the Note. For thla purpose, Bomower does ;
hereby mortgage, grant end convey to Lender the fdbwing descx~bed property bcated in St. LuC19 County, ~
Florida:
Lot 11, DRIFTWOOD MAiVOR SEC710N THREE, according to the Plat
thereof, as recorded in Riat Book 23, page 35, af ti~e Pubilc
Records of St, l.ucie County, Florida. •
THIS IS A CONSTRUCTION MORTGAGE AND SECURES ;
FUTURE ADVANCES PURSUANT TO A CONSTRUCTION '
;
I~ LOAN AGREEMENT BEARING AN EVEN DATE HERE4r'ITH. 3
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~ ~Tl'4TE Fi...O~?iDA ~
~ ; - „ C'?C'-'if'!FtiTARY. ~ STAMP T~% +
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€ :.hirh has the address of }00C Driftwood La~e Fort Pierce
~ street C?ty
~ ~ lorida 34982 („Rtoperty Address'':
~ Ztp code
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TOGETHER W{TH ad the improvementa now or he~r~fter erected o~ the property, and aN easements, rights, appurter~ances, rents, royattiees, !
n.nerai, oil and gas rights and profiis, water rights end stodc and eN fuctures now or h~eefter a pert oi the property. AN replacem~ts end
add~tions shall alsfl be covered by this Security InstrumenL /W of the forego~g is referred to ~ thls Security InsUument as the "Property."
~
r BORROWER COVENANTS that Borrower is law~utly seised oi the estate hereby corveyed and has the ri~ht to mortgage, grant and convey
g
~ ?he Property and that the Property is unencumbered, except tor encumbrance~ oi record. Borrower warrants and wiN defend generaly the tiCe
~ !o the Property egainst a9 deims and demands, subject to any encumbrances oS record.
~ THIS SECURITY INSTRUMENT comb+nes unfform covenants for naUonel use end non-uniform covenants with Gmited variations by jurisdiction
~ to constitute a uni(orm sscurity instrumer?t cove~g r~l property.
~ =_OR~DA - S~ng:e Famiry - FNMA/PHLMC UNIFOaM fNSTRUMENT For 30 12/83
~ Page 1 of 4 ~~L.~
~ ;06/89) P(6/69? U(6R6/89) 426
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