HomeMy WebLinkAbout1533 _ Fi? I 5~79~ "~~~s~i~ atrument K~as prepared by:
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MORTGAGE l~a; , a~+, ~,r,9
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THIS ~fORTGaGP, is ~i~adc this 15th _ ~~ay of _ _ February ~ ~c~_ 74 :
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bet~~•een the h[c~rtgag~r, ___ROBERT R. RIDBR and PBGGY S. _RIbBR, his wife '
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~ ( hcrcin "Borro~vcr" ) , ~
a~ul the ~[~rtgager, Indian Ri~•er Federal Sarings and Loan Assaciation, a corporation organizccl ~
and existin~ under the la~~s ~~f the Unitcc! States of Am~rica, ~~~hose address is Vero Bcach, Florida
~ hcrcin "Le~~dcr" ) . ~
1~'};F.Rf:aS~ Rorro~i er i~ indebted t~ Lc~nd~~r iu thr ~n•inci~~s~l ,u»i of Forty Four Thousand and
no/100--------------------nollars, ~~hich ind~hte~lu~ i~ ~~~id~nc~~~l h~- Rorro~~•~~r'. nut~~ ~?f ~~c u y
~
~lat~ l~ere~vith (Lerein "Note"), p~•o~~idin~, for nu~nthh• in•tttllnu~llt~ of prinei~?al .~ncl int~•r~•st. ~citli ~
th~ h;~l~nc•e of the indebted~u~s~, if not ~ouner ~?uid. ~iuc~ .utd i~a}•ahlc~ on N'1arch 1, 1994 ,
T~~ SF~t•RF. t0 I~ender (a) the repa~•mE~nt of th~~ imiehte~l»e~~ e~•i~lenec~d h~• th~~ \ot~•, ~~~itl~ i?rt~~r~~•t `
tlier~ou, th~ pt~~ment. of il~~ Ot~1C1• suni~, ~~~ith int~~r~~.t th~~•~ou, .ul~•tu~c~~~l in auc~?rdtu~r~~ li~~r~~~~•itli tu
1~r~,tect the se~urit~ of this ~tortdii~e, .tnd th~~ pc~rfor~u:u?rc~ of tl~~~ ~om•~•n:u~t~ un~l t~,rr~~~~n~~~~~t~ ~?1'
~Ol'1'O~\l`1' ~1C1'l'III COllt11111('(~~ Illl(~ ~~1~ ~~1C P(`~/ll\'llll•llt Ot illl\' f~lltUl'P 'ill~t'i111C1'N, \~'It~l I11~PY1'~l 1~11~1'('llll,
~ua~l~~ t~? Rorrot~*er b~• Lender pursutint t~? ~).11•2~~r:ipl? '31 I~~~r~~f' f i~~•c~~in "I~'utar~~ :1~h•:~u~•~•~").
Roi•i•o~~•er does l~ereb~- ~~?orts;~i~;e, ar.rnt .ui~l ~•om•c~~• to I.~~n~i~~r tiu~ t'oilo~~•ii~~ ~l~~~ri•i!?~~~i ~,r~~~x~rt~-
loc:~tecl in the Countti of $T• ~CrE . _ , St:~t~~ of I~'1r?ri~i;i : ~
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Begin at the Southeast corner of said SW'~ of SUT~
of Section 30, Township 34 South, Range 40 East, ~
thence run West along the South line of said SW~ ;
of SW~, 333 feet to a point, thence run North to `
a stake on the north line of the said Sii'~ of ~
S'ii'~; which stake is 331.2 feet West of the Northeast
corner of said SW~ of SW~; thence rure 8ast along
_ the North line of said SW'~ of SW~, 331.2 feet to
the Northeast corner of-said SW'~ of SW~; thence run
South along East line of SW'~ of SW'~, 1330 feet to
the point of beginning. _
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~ N ooTAT"E ~1._.Q~~,~~'~ 1
~ _ .n C~MElJT~RY~-' STN ~
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'('rH:FTttsf; ~citi~ ~11 thr imprm-en~ent~ no~~• or liePE'.IftPl' (~re~ted ~,n the pr•op~rt~-, ~ind .~ll easen~ents,
P 1'Ig'~lt~~ aPptu•ten~mc~~s, 1'E'llt~. e•o<<iiti~~. Il11Tl(~1'il~. (il~ illl(~ ~rilti I'I.~,~ltti ,~nd i?r~,fit~t 11'ilt(`1'. ~~'i1tP1' 1'1~''j1tS~
.uul ~~ater stock, .~nd ali fixtures no«- or here:~fter attaehecl ta th~ prapc~rtt•, all of ~+•hich, includin~ y
replac•cmientti and .iddition~ t~~ereto, ~hall bc• cleemecl t~~ hE~ :~ncl rert?ain a part of tl~~ prop~rt~- cavered -
' i~~- thi~ ~[ort~;~~~e; and ~~11 ot' tl~e f~re,oiti~, torc~th~•r «•it}t ~~il(I ~)I'O~)CYtl' ~O)• the lt~n~ehold est~te
' in the e~•ent ti~is ~fort~.i~~ is o» :i Ic~.~s~hol~l) :trc~ h~min rrf~~rred to ~~c the "Yropert~-„
Rorro~c-er covenants that R~rro~~-~r is la~cfnlh- ~eis~~] ~,f thc~ rst~~te h~rebr ~on~•eved ~uid h~~~ th~
ri~l~t t~ ~uortra~~~, ~i'.il1f :~n~l c•~n~•~~- th~~ Propc~rt~-. th.~t th~• Propert~- ic unencnmber~cl, ancl that
? Borron•er «•ill «~urrant and d~f~n~l ,~n~~r~illti- thc~ title to t1~c~ Propert~- :i~ainst a11 elaim~ ancl demancls,
~ tiul?jc~c•t to xriti' PiiSC111('Ilt< <~nd re~stri~tion~ li~t~cl in .i ~rl~F~dul~~ nf ~see~~tions to eo~-~r.~~e~ in an~~ title
- insi~ranec• ~~olic~- in~urins; Lenclc~r', interetit in th~~ I'ropert}--
L~NIPOEt~i COVF.NANT~. BOPTO\1"('r and Lender c:oven:~nt an~l agree as follo~s~:
. 1. Payment of Principal and Interest. Borro«er ~hatt Promptt~ {~av when due the principal of and interest -
on the indebtedness evidenced by the ;Tote. prepa~ ment an~i late char~es as provide~i in the Note, and the ~rinei- s
~ pai of and interest on any Future Advances secured b~ this ltort~agc.
2. Funds for Taxes end Insurmnce. Subject to Lender'c option nnder paragraphs 4 and 5 hereof, Borrower
shall pay to I.ender on the day monthl~ instaliment~ of ~?rincipal and interest are payable under the Note, until
the Note is ~~aid in full, a sum (herein "Fimds"i e~ual to one-t«elfth of the yearly taxes and assessments which
may attain priority over this ~lortguge, and groun~i rent~ o~i the Yropertv, if any, pius one-twelfth of yearly pre-
mium installments for hazard ins~rance, plus one-t~ti•etfth of yearl}~ ~?remium installments for mortgage insuranee, ;
if any, a11 as reasonabl,Y estimateci initially :?n~1 from time to time hti~ I.cnder on the basis of acsessments and bills
and reasonable estimates thereoi. The Fund~ ~hnll he hel~l in an inctitution the ~le~?osits or accounts of which are
3 FLOAIDA-~a.-~:n,-~ ~o . Fvw, r:~ ~ Z24 PAGE ~~c7~
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