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~ ! I .L YPhi~~iaarsMmaots~~piqpl~ed by:
C. LvILl.lA'v! LEWlS
s Irc{~,an R~~~? f~~~~ril S.tvin~!
,•~i Loan As:ecwNon
MORTGAGE ~ ~ . " ~ ' _ ~ h ~vc P O. Qox ~ Zod
V~ f., 1,, Fbnda 32960
THIS MORTGAGF. is made this ~th____, _ day of . February__ Ig_Z4 ,
behveen the 11'Iortgagor, _ John_M_ 8aggett and Linda I:, _ Baggett~his wife__
- _ _ - - - - (hcrein "Bc~rrowcr"),
and the :1lcirtg~re;--~ndian Ri~•cr Federal Savings and Loan Associati~n, a cor~ration organized
and existing under the la~~•s of thc United States of America, ~vhosc address is Vero Aeach, Ftorida
~ herein "I.eticier" ) .
~~'HF.REAS. Borrow•er is inciebted to I.ender i~? the princi~~al sum of T~?enty-one Thoasand Five
Hundred and no/ I00--------Dollars, µhieh indebtc~dn~>ss i~ id~nec~cl ii~• Bori•o«•e~~•'~ n«t~~ f?f ~ve~c
d~tc here~~•itl~ (herein "ti'ote"), i~rovidina for ino~ithl~- i~i~tulinic•nt, of prinei~~at :ITI(~ it~t~~r~•.t. t~•itli
the balt~nee of the indebtedn~ss, if not sooner Ut~ici, ciue nncl ~~a}•a~bl~~ ~~i February 1, 1999
To S}:cr~tF t.n I.ender (a) the repayment of ti~~ iu~tebt~dues. e~•icienc•~d thc~ \'~te~, ~~•ill~ i2~t~r~~.t
thereon, the pa~~ment. of :?11 otl~er sam~, ~~iti~ int~re~t thc~reon, ~dr:ineed ir~ ;rcc~orda~n~•~~ lu~r~~w•ith tu
prot~ct the seeurif~ of tl~is 3iort~~~e, anc~ thc• pe~rf~iritiaiic•~~ of th~~ eoii~•e~n.~z~t~ ~~n~l :~~r~~c~~„t~~~t~ ~?i'
Bc?i•ro~~er 1?erein eontaineci, au~d (i?) the i•C~ili~•ii~c,nt ot' :~nr t'iiten•c~ ~ulr~u~e~~:, ~~•itli int~~r~•,t th~~r~~~~u.
»irtde t~o Rorro~~er bti Ler?dei- pursuant to ~)tii•:trr.eiii~ `~l h~~reof (hR~r~in •`N'utur~• :1~h-.~~~c•~~•"l,
Rorro~~•ei• does hereb~- mort~a~,rc~, ~r~itit aiui ~•oiirer to l.e~~~~l~~r thi~ folloi~•i~i;,r sl~~~~~rih~•<l ~?ro~~~~rt~•
locateci i~i tl~e ('ounti~ of Indian River _ , St~?te of l~'l~~ri~l~? :
Lot 27, Block 48, I.AICEWOOD PARK UNIT NO. 5,
according to the plat thereof as recorded in
Plat Book I1, Page S, of the Public Records
~ E`-~, ~ of St. Lucie.County, Florida.
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eu i` ~ ' (N PAYMENT OF TAXES
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U E OM CLASS 'C INIANGlBIE PERS~tiJ1l PROPERIY~
Q~`~ o,r;t 7•1-134. A C T S O F I Y I I. y
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=':il;,:li CIEitK CIRCUl7 pri~Ri, Sf. L~ICiE 0~. ~
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T~x.ETHF.u ~~•ith all tl~c~ in~1~r~~~•~~Illl~l)t~ II(?\\' 1)r here~iftc•i• ~•r~~c•le~i ~,~i the prope~•1}-, :ind .~ll e.~~c~inent~.
right~, appin•tc~nance~, rent~. ro~•altic~s, miner.il, nil ancl ,ra~ ri~ht~ .~nci ~~r~~fit~, ~~-a~ic~r, ~.•at~r ri~~•hts.
aiicl ~~~at~~r stork, ,~nrl all fixtures ~?o~~- on c~~reaftcr ~~tt~c~h~~~i tu th~ proiiert~, al1 ~?f «•hi~~h. inc•li~din~ .
replarc~~u~nts i111(~ il(~(~it1011~ theret~,, ~Lu11 h~~ dr~c~u~e~l t~? hc~ au~l remain a part of the pr~~~t~rt}- ro~•ered
hr tt~i~ ~tort:,rag~~: .~nd all of the f~rrnoin,r, t~?~•c~th~~r ~~-ith ~aid ~~ropert~- (or the lra~el~old estate
in the e~-c~nt thi. \Tort~ra~~~ i~ ~?n a le~~~c~hold) .~re~ h~rrin rc~f~rred t~~ thc~ `:Properh•'..
Rorro~ver eocen,~nt~ that R~?rro~~•c•r iG l~~~fuil~- ~c•i~c~cl ~~f thc~ e~t~t~ i~ereh~- c•on~•e«~l .ind ha~ th~~
` ri~*ht t~? n~ortgsi~~~. ~r:~nt :in~l c•m?~•c~~- thc~ I'r~pc~rt~•, th:it th~• Propert~- ic unencumhered, an~l th~t
~ Borro«•er ~~•ill ~rarr~nt an~l def~n~l !,rc•n~~rall~• th~ titl~ to the Pr~j~~rt~- a~~inst all c~l~in~~ Qill(I (~Plll~lll(~F,
~ •ubjc~c•t t~~ ain• casenient, :incl rc~~trirtio~is li~te~l in :i ~c~hc~di~ic~ ~~f e~xce~~ti~ns to co~•c~r~~r in an}• tit.lc~
i in~urance polic~• insurin~~ I.end~~i•'~ interest in th~~ F'ropert~-.
L';TIFORAt COYF.NANTS. BOfTON~er ~ind Lc•nder c~~ren:int an~l agrec~ as follows:
l. PQyment of Principat and Interest. Aorrou•er ~l~all jiromptl~ pay when due the ~?rincipal of and interest
on the indebtedness eridenced by the Note, iirepa~ment an~i late chflr~e~ as provide~i in the Note, and the princi-
! pal of and interest on any Future Advances ~ecured h~ this \iort~age.
~ 2. Funds for Taxes and Insurance. Subject to I.ender'~ oi~tion imder paragruphs 4 and .5 hereof, Borrower
shall pay to I.ender on the dav monthly installment~ of ~~rincipnl and interest. are payable under the Note, until
the Note is pnid in full, u sum fherein "Funds"i equAl to one-t~celfth of the yearly taxes snd assessments whiah
may attain priority over this ~iortgage, and groitnc! rents on the Property, if any, plus one-twelfth of yearly pre-
mium installments for hazard ins?~rance, plus one-t~velfti~ ot yearl}• ~~remium installments for mort~age insurance,
if any, all as reasonably estimate~ initiall~ and fron~ timc to time bti Lender on the basis of ass~~.5ments and bills
and reasonable estimates thereof. The Fund~ ~l~all hc~ helcl in an in~titution the deposits or accounts of which are
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