HomeMy WebLinkAbout1047 /r/ • ~.v ~ ~
Thi:~ instrunient wus prepared by:
~ ' Stephen C. Frasier, Att~rney
SOI~IER & FRASIER, P,A.
P.O. 6ox 2210
MORTGAGE st~art, Ftor~da 33494
-~1~ ~
THIS MORTQAGFE ie made thie_ . s~a . _ daq of_ ...~e.Cpn~er. _ , 19.73 . - ,
between the Mortgagor, ~RQ~.Q._F..._.~HAPPEl.1.:. ~I~._._dDd._RUTH..GHAPPELL..--his._~ti.f.e-- -
- ~herein "Borrower").
and the Mortgagee, . So~thsrri__ MortBage_.Aspoctates, Inc.. , a corpora'on
organised and ezietin~nnder the laws of _~?i'kpneae , wLoee addrea~
ia:..l~l_9..S•W._.2 _~_Avenue~ Miami.~ Florida_ 33145 . (berein ~•Lender").
Wasnees, Borrower ia indebted to Lender in the principal enm of --Twenty__Fi~.e _Thousand_..__
Fi~e.~Nundr.ed..and..dol1Q0----Dollare, wluch indebtedneas is evidenced by Borrower's note of even
date herewith (herein "Note"), providing for monthlv inatallments of principal and interest, witl~
the balsnoe of the indebtedneae, if not sooner paid, dne and payable on January..l , 2003 .
To $acvas to Lender (a) the repayment of the indebtednes~ evidenced bp the Note, witl~ interest
thereon, tLe payment of all other snms, with interest thereon, advanced in aocordance l~erewitl~ to
pmteet the security of this Mortgage, and the performance of the convenants and agreen~ents of
Borrower herein contained, and (b) the repayment of an~ future advances, with interest thereon,
made to Borrower by Lender pursuant to paragraph 21 hereof (herein "Future Advauces"),
Borrnwer dcea hereby ~t?ortgage, grant and convey to I.ender the following described property
located in the Connty of . .._____._.___.._St.._LuCie _ . , State of Florida:
Lots 3, 4 and 5, Block 3, ANGLEYIl.LA SUBDIVISION, as per plat thereof
on file at Plat Book 9,~Aage 15, Public Records of St. Lucie County,
Fl ori da . ~
r Q ST~4T E~~ FL O R! D A ~ ~N PA'~"'~ °F ~
DOCUMENTARY,,~-=;:, . P`~~~y`
~ STA P
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y~ ~ ~EPT. OF REYFMUE P-` i M : n?. , A-w'~ ?Nt~~~E Pf '(s ~ 191~.
N = p~ - ~~:L~~•» = 3 8. 2 5 i ~
o ~,~~oz~ ~ t u, ups °D'
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Thie is a purchase money firat mortgage executed for the express purpose
of eecuring a portton of the purchase price of the property encumbered hereby`
NOTE: STATE DOCUMENTARY STAMPS AFFIXED AND CANCELLED
ON ORIGINAL MOR'rGAGE.
:
TocgraER with all the improvements now oi• hereafter erected on the prope*t}-, and all easements,
?•ights, appnrtenances, rents, royalties, mineral, oil and gas rights $nd prof~ts, water, _water i•ights,
~ and water stock, and all fixtures now or hereafter attached to the property, all of whicb, including
~ replacen~ents and additions thereto, s~al! be deemed to be aiid remain a part of the property covered
by this Mortgage; and all of the fore~oing, to~ethe~• with said property (or the leasehold estate
in the event this Mortgage is on n leasehold) are herein referred to as the "Propertv".
Borrower covenants that Borrower is lawfullti seised of the cstate hereby conveped and l~as the
right to mortgage, grant and conve~~ the Froperty, th~t the Property is unencumbered, ancl that i
Borrower will warrant and defend generally the title to the Property against all claims and demands,
; subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title
insurance policy inauring Lender's interest in the Property.
~ III~TIFORM COVENANTS. Borrower and Lender covenant and agree as follows : +
~ 1. paym~nt o~ Priacipal ~d Int~rest. Borrower shall promptly pay when due the principsl of and intereat 4
on the indebtedness evideaced by the Note, prepavment snd late charges as pravided in the Note, snd the princi-
pal of snd iatereat on any ~ture Advences aecured by this Mortgage.
~ Z. Fhnds ior ?axw cmd Iasur~ce. 8ubject to Lender's option under paregraphe 4 and 5 hereof, Bornower
ahaD pay to Lender on the day monthly insG?llmenta of principal and interest are payeble under the Note, until
the Not~e is paid in full, a sum (herein "Funda") equsl to one-twelfth of the yearly tsxes and assesamente which
may stlsia priority over thia Mortgage~ and ground renta on the Property, ii any, ptus one-twelfth of yearly pr~-
mium insGslimeata for hassrd icuuraace, plue one-twelfth of yearly Premium inatsHments for mortgage inaurance~
if sny, sli aa reeaonably estim~?ted initielly and from time to time by Lender on the basis of aaBeeaments and bills
: snd ree?sonable eatimates thereof. The Funde shall be held in an institution the depoaits or accounts of which are ~
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