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Home My WebLink About0884 ro 2~~851 ; ? Thb iinstrument w~s prepared by: ~ S.tephen...~...._Frasier., Atty. . .SQMMER_.&...FRASIER.-- P.A. P.O. BoX 2210 MORTGAGE Stuart, Florida 33494 THI$ MORTGtA(~E is made this. _..{~j.~._day of. August. _ , 19_73 between the Mortgagor, -------TSOMAS--F._--WI,LLIS, --~R.-- and~-SANDRA..LEE._WII.LIS, --his - --wife-------------------------------------------------------------------- - ~herein "Borrower") ~ nnd the Mortgagee, _ Southert~__ Mortgag_e__Aseoctates s In~ , a corporation organized and existin~nnder tbe ]aws of. ~'k~neas , wbose address - 18 _ 194~..S.W._ 2_th_ Aver~ue,_ Mtamt, Flort_da_ 33145 (herein •'Lender"). Wa~xa~s, Borrower is indebted to Lender in tLe principal sum of Twenty-_-Two Thousand--- Three--8undred--i---No/100 Dollara, which indebtedness is evidenced bv Borrower's note of even date herewith (herein "Note"), providing foi• monthlv installments of principal and interest, witl~ the balance of the indebtedneas, if not sooner paid, due and payable onAugust 1,2003. . To $$cv~es to Lender (a) the repayment of the indebtedness evidenced bv the Note, witl~ interest . thereon, the payment of all other snms, with interest thereon, advanced in aacordance l~erewitl~ to protect the secnrity of this Mortgage, and the performance of the convenants and agreemeuts of Borrower herein contained, and (b) the repapment of :in~ future advances, witfi interest ti~ereon, n~ade to Borrower by Lender pursuant to paragrapl~ 21 hereof (I~erein "Future Advances"), ~ Borrower does hereby niortgage, grant and com•ey to Lender the following described property located in the County of Lucie , State of Florida: Lot 15, Block 8, of the Re-Plat of SUNSET PARK, as per plat thereof, recorded in Plat Book 11, Page 28, of the Public Records of St. Lucie County, Florida. % RECE1vED IN PIt1fMENT OF T11XES ~ D'JE ON Cl/lSS'C INTAN61BlE PER9DNIIL PRQPfR1Y. pURSUANT i0 CFIAPTER 71•134. ACTS OF 1911. ,1 ~ ROGER PORRAS ~ CLEpK 6111G1R OOUfIT~ ST. Lt1CIE 00, Fi~ ~ 'Zr~ " STATE oF ~1:~ORlC3'A~~ ORIDA j r ~ ~2 DOCUtWENTARY ~,H` ~$jlaMP TAx f tlaMP T/15~~ c-~ °D UEPT. Of REVENVE ,fi , t ~ ~ Z N ~ „ i~ P~ "~o-fi'73 7 2. 9 5 i ~ i 0. 5 0 t r, ~ ; ~~raz 1 ::.__....~.1 Th~s is a purchase money ~first~~mortgage executed for the express purpose ~ ' of securing a portion of the purchase price of the property encumbered hereb~ NC~TE: STATE DOCUNlENTARY STAMPS AFFIXED AND CANCELLED ON ORIGINAL MORTGAGE. TOGET$ER Wltjl AI~ t~le lIl]Pl•ovements nok• or hereafter erected on the property, a2~d all easements, rights, appurtenances, rents, ro3alties, mineral, oil and gas rights and profits, tirater, watei• ~•igl~ts, ~ ~nd water stock, and all fixtares now or hereafter attaehed to the property, all of whicb, including ~ replacements and additions thereto, sl~all bc deemed to he ~nd remain a part of t.he property covered b` this Afortgage; and all of the foreaoind, to~ether with said propert~ (or the leasehold estate ' in the erent this riortgage is on leasehold) are herein referred to as the "Properh ~ Borrower covenants that Borrower is lawfull~• seised of the estate herebv conveyed and l~a~ the i ~ right to ii~ortgag~, nrant and conve}- the Property, thnt the Propert~ is unencumbered, and that ` Borrower will tirarrant and defencl generally the title to the Propert~ against all claims and demands, subaect to any easements ancl restrictions listed in a~chedule of exceptions~to coverage in any title insurance policy insuring Lender's interest in the Propertq. IINIFORM COVENANTS. BOTI'OWQl• and I.endez• covenant anc~ agree as fallows : 1. Pa~p~nent of Principal mnd lnterest. Borrower shall promptly pay when due the principal of and interest ~ on the indebtedness evidenced by the Note, prepayment and late charg~ as providecl in the Note, and the princi- ' pal of and interest on any Future Advances secured by this Mortgage. 2 Funds for Tmces ead Iasurmice. Subject to Lender's option under paragraphs 4 and 5 hereof, Borrower shall pay to Lender on the day monthly installments of principAl and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which maq attain priority over this Mortgage, and ground renta on the Pmperty, if any, ptus one-twelfth of yearly pre- mium instaliments for haaard insurance~ plus one-twelfth of yeariy premium instaHments for mortgage insursnce, if any, al! as reasonsbly estimated initially and fmm time to time by Lender on the basis of sssessments and ~»lls and reasonable estimates thereof. The Funds sl~all i?e l~eld in un institution the de~wsits or accounts of which are FLOAIDA-~tc-ixrn-i ~0 4 F,m~ O G ~ w ^ ' ~ E~'. ~ ~ ' t~ ~ . . - ~ _ . , ~re_z,~__ _ . ~ - _ ~ ._e.:R ~ ~ ~ _ < ~-d: ~