HomeMy WebLinkAbout1604 i -
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~~~~:1-!' - Th! roim Of this If1f[fu~f~~~S d~~ft~ ~O//it! 01 tAe
FQIII F~~ '~2i-~ F~. Ge~e~at Counsel of the U t ates Dopar mtnt of Aqritultu~~, F~_T ~nr ~,~.,~n pv
Nas~inqton. p. C.. and the malHial in the D4~~M spacss in tA~ TN~~ 'v~~ p i~ ~~~~N
(Re~. 1-1..,T11 form was i~sarted Dy d undp 1MdN~ctio~ ot r?~~c:. c~
~ @r+owN e A~oeR~s+~+~. Lawv~`~a
_ Charles R. P. B10WI1 P. o c~x ~+~o . :~o~ s arN ~r-
FOfiT PIERCE. FLORIDA 33,50 '
(r+ame)
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301._Squth_ Six~h S~rget...______~...___._ ~
(Adtlr~sS)
REA1. EtiTaTE VnRTC:AGE FOR ~ LORID.~ ~i~4~
(II~URED LQANS TO INDNmUAIS)-
KAtO~ ALL 1fEN BY TNFSE PRESENT. Dated ---.-JUIl@.~$_.._1.1~7~__.__.:._..-------•--•-----------------
N't1EREAS. the undersigned ---~rS7W_~~.,~.--~,~---.Sd&~5~~_..~~__ ~135~~.~~ _.~!,~---~1~&.~.~~__~~~__I~_1~@.a----__.._
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residing in ..._--•--•--..~~:_._~tUSS.l~___.___...._._....----•-_-.•-.- Count~~. Flaida, whose post office address ;
rs ----1715 Miam,i.. Court Fort Pierce Florida 33450 -
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herein called "Borrower," are (is) justly indebted to the United States of America. acting through the Farmets Nome Ad-
ministn+tion, United States Department ot 4griculture, herein caped the "~ovemment." as evideneed by one or more certain
promissa~• note(sl or assumption agreement(sl, herein called "note" (if more than one note is described below, the word
"nate" as used herein shall be ccrostrued as referring to each note singly or atl notes collectivel~•, as the context may
requirel, said note being e:ecuted by Bo~ruwer, being peyable to the ader ot the__Govem
R! in installments as specified
thereio, authorizing acceleration of the entire indebtedness at the option of the Governa?ent upon any default by 3orrower.
and being further described as folloro~s: _
-tn.e~l~t Kote Uue Ua[~ o/ Finul
I~:1~r n%/nsrrr.me?+t P~incipol imor~nt oj/nterest /nst~llment
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June 28,1971 $15,610.00 7~ .~_June 28,200!
: and
RHEREAS, the note evidences a toan to Rorrouer in the principel amount specitied ttierein, made with the purpos~ and
sntention that the Govemmeat, at am• time, may assign the note and insure thE peyment thereof pursuant to the Consolidated
Farr.tees Name Administration Act of 1961. or Title V of the Housing Act of 1949: and
a`HEREAS, ~hen papment of the note is insured by the Goeernment, it mo_v_ be assigned [rom time to time and each holder
of the insured nate, in turn, w•ill be the insured lender: and -
AHEREAS, when pa}ment of the note ~s insurcc: by the Garernment, the Government will execute and deliver to the insured
iende: along w~th the note aa insurance endorsement insuring the payment of all amounts payable to the insured lender in
connectioa w~ith th~ loan, and _
NHEREAS, vhen peymrr~t ot the note is insured-b~ the Government, the Government by agreement v?ith the insured lender
set fat~ in the insuraoce eadorsement may ne entided to a specitied portion o( the peyments on the ~ote, to be designated
the "aa~~•al charge,,; and
N~~HEREAS, a condition o( the ~nsurance of payment o( the nott will be that the holder will forego his rights and reme~ies
again~* Sorrovrer and any others in connect~oa w•ith the loan e~~denced thereby, as well as any beae(it of this instrument; and ~
w~ll accept the bene(its of such insuraace in lieu thereo(, and upon the Government's request will assign the note to the"
Gotiernc~ent; and -
~F~EREAS, it is the purpose and ~atent o( this instrumeat that, among other th~ngs, at aU times v~hen the note ~s held b~•
~ the (',overna~ent, a in the event the Government should ass~ga this instrument without msurance o[ the note, this instrument
shali secure payment ot the note, but when the note ~s held 6y an ~nsured lender, this ~nstrument s6a11 not secure payment of
the nc~te or attach_to the debs ev~denced thereby but as to the note ~dd such debt shal! constitute an indemn~ty mortgage to -
secure the Governmens aRamst los~ under tts msuranie
eridasement by reason o[ any default hy Rorrower•
hOW, THEREFORE, ia cons~aerataon of the laan(s) and (a) at ~t~ tic~es when the nde is heid 'oy the Goveroment, or in tte
event the Go.ernment shwld assign this ~nstrument w~thout ~nsuranc:e of the payment d the note. to secure prompt pa~•m~nt ~
of the note and any renevral s and exteasitx~s thereof and any agteeu~ents conta~ned therein, iacluding any provision for the
p6yment o( an insuraoce or dher chaigt,. (b) at all times when the note is heW by aa i~sured lender, to secure pedormance
of Borrower's agreement here~n to indemnify anA sade-hate?less the Government aga~nat bss under its insar-roce endorsement
b~~ reas~,r: ot any default by Bocrower, and (cYn anv event and at all times to securr the Qrompt poymeot ot all adwaces
and expead~tn?es made by the Gavernment, with inte~t, as l~ereinaftrr descnbed, and tbe perforawnce of every coveo~et
and agreement d_Rotrawer conta~ned hecein a in any supplemeat~ty a~reement, Bonower does hrrebti gr++at, bar6ain. sell,
cc,nvrq, nartgpee', assi~ and (aevrr r?arcant unto tbe Gorernment the (ollowiag propeny situa[e~d ~n the State o[ Fionda.
County~~r±s?of _St-, - ~UC~@ . _
- dORK ~93 .160~ - F ti~ a~; F~ t. ~ h,~~. i i~,; ~