Mortgage and security agreement — Block 6, Lot 2

What the record says#

• Dated September 25, 2026 and recorded October 2, 2026 at 1:18 p.m., instrument 202622002984, Official Records book 431, pages 901–905. The developer is the mortgagee financing part of the purchase price.

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• Recitals B–D state an original principal amount of $185,000 under a same-date promissory note, no interest and 15 monthly installments. Section 1 provides full satisfaction for timely payment of $150,000 under section 2 of that note.

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• The recorded arrangement is short-term, interest-free seller financing secured by a purchase-money mortgage. Recitals B–D distinguish the promissory note governing repayment from the mortgage securing it; the 15 monthly installments do not establish an exact maturity date without the note.

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• The recording stamp shows $647.50 in mortgage documentary stamps and $370 in intangible tax. These are recording tax figures, not a statement of all closing costs.

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• The mortgage covers the land, present and future buildings, structures, fixtures and improvements, appurtenant rights and proceeds. Schedule A identifies Lot 2, Block 6, Lakefront Estates Phase 1, Plat Book 4, page 153.

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• Section 2 states intended first-priority purchase-money lien status, subject to approved title exceptions and legal priorities; equal or senior voluntary liens require prior written consent.

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• Section 3 requires timely payment of taxes and assessments and appropriate property and hazard insurance naming the mortgagee. It calls for coordinated insurance where the seller remains responsible for post-closing construction under the amended purchase agreement.

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• Section 4 requires reasonable maintenance, except ordinary wear and seller construction; inspections require reasonable notice and reasonable times. Mortgagee inspections do not create a duty to complete construction.

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• Section 5 requires prior written consent for transfers or further encumbrances, with stated exceptions. Consent cannot be unreasonably withheld where all secured obligations are simultaneously paid. The seller remains responsible for discharging construction liens arising from its contractors’ work.

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• Section 6 permits reasonable, documented protective advances for unpaid required charges threatening the security, after reasonable notice when practicable. They are reimbursable on demand and secured without interest; the mortgagee has no obligation to advance funds or complete improvements.

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• Section 7 addresses uncured note defaults, material mortgage breaches and prohibited transfers or encumbrances. Mortgage covenant breaches have a 30-day written-notice cure period, extended where timely commenced cure is diligently pursued. A continuing default permits acceleration by written notice and judicial foreclosure or other available remedies.

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• Section 8 addresses insurance and condemnation proceeds for restoration or debt repayment. The mortgagee must consider surviving seller construction obligations and cannot apply proceeds in a way that improperly prevents their performance.

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• Section 9 permits reasonable actually incurred enforcement costs, including attorneys’ fees and court costs, subject to applicable law. Delay in enforcement is not a waiver and remedies are cumulative to the extent allowed.

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• Section 10 requires written notices by personal delivery, nationally recognized overnight courier or certified mail with return receipt, effective on actual receipt or documented refusal subject to law.

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• Section 11 selects Florida law and contains successors, severability and survival provisions. Section 12 requires recording a satisfaction after payment of the secured obligations, including a qualifying discounted payoff, within the legally required time.

  PDF pages 3, 4

• Ben Solomon, Esq., of Solomon Cooperman Recondo Shapiro Abril & Wolfe, LLP is identified as preparer and return recipient. The acknowledgment identifies Ruth Akerman as notary in Kings County, New York.

  PDF pages 1, 4

How to read this record#

These are the recorded agreement’s original terms, not a verified current debt balance, payment history, default or completed discount. The promissory note is not attached; exact installments, due dates, maturity and the discount deadline cannot be established from these five pages.

References to post-closing construction preserve obligations under a separate agreement; they do not establish which work remained unfinished, a breach, or the property’s occupancy status.

Intended first priority is contractual language, not a complete title examination. Companion partial release 202622002986 releases this lot from specified project mortgages and assignments; it does not discharge this separate seller-financing mortgage.

Transaction terms are reported to explain documented developer financing. Homeowner identities, personal contact details and signatures are omitted. No broker, sales agent or commission is identified; a document preparer is not thereby established as a sales agent.

The supplied October 14 search index reports a county verification date of October 1, 2026 while including these October 2 recordings. A later recording appearing in the index does not establish that all filings through that recording date are searchable. This batch contains three instruments, not a fresh copy of the complete search.

County index description#

LOT 2 BLK 6 LAKEFRONT ESTATES PHASE 1

The supplied name searches matched the To field in the county index. The source context below preserves the matched names and search scope. Index labels do not substitute for the parties’ roles stated in the document.

County index consideration field: $185,000.00. This is the index field, whose meaning depends on the instrument; it is not automatically a sale price or cash advanced.

Related recorded instruments#

• 202622002983 · Special warranty deed — Block 6, Lot 2
• 202622002985 · Developer LLC affidavit — Block 6, Lot 2
• 202622002986 · EB-5 partial mortgage release — Block 6, Lot 2

In the project timeline#

• October 2, 2026 · First individual home deed verified in the archive

Reporting using this record#

• First home closing verified in Lakefront’s recorded-deed archive

Retrieve the original#

Search the Glades County official-records portal using instrument 202622002984, or book 431, page 901. County image-session links can expire.

Summaries identify the source pages. The original PDF controls if a transcription differs. Glades County records have been checked through Oct 28, 2026; see the collection scope. Acquisition dates and the limits of earlier collection batches remain in the source entries.