HomeMy WebLinkAbout1721 This instrument wu preparcd by:
S-t--e-~-hen C. Frasier Attorney
~am~er b ras er;
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MORTGAGE stuart, Florida 33494
THIB MORT(iA(~E is made this 28th day of March . ~ 19.74 ,
between t6e Mortgagor, C~USTAVQ_M..ARIAS and MARISELA . O. .ARIAS,._.his..rrife
_ - . (berein "Borrower")~
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nnd the Mortgagee, _ Southern_ Mortgage _Aeeoctatee:Inc. , a corporation
organized and ezietin under the laws.of .~'k~88s , whose addres~
;s 1949...S•W._..2~~--Avenue~ Miamt~ Florida 33145 _ (herein "I.ender").
Wa ~s Borrower is indebted to Lender in the principal sum of THIRTY ONE. THOUSAND SEVEN
HUNDREDg AIY~ NO/100-------~llars, Which indebtedness is evidenced br Borrower's note of even
date herewith (herein "Note"), providinR for monthlv installments of principal and interest, witl~
the balance of the indebteduess, if not sooner paid, due and payable on Apri 1 1, 2003 ;
To S$cuxE to Lender (a) the i•epayment of the indebtednes~ evideuced b~ the 1~'ote, ~~•ith intere~st
thereon, the payment of all other sums, with interest thereon. ad~•anced in xccordance he?rv?itl~ to
proteot the security of this Mortgage, and ti~e performancc~ of the convenants and a~reen~ents of
Borrower herein contained, and (b) the repay~uent of :?n}• futtire advances, with interest thereon,
wade to Borrower by Lender pursu~nt ta para~raph 21 hereof (herein "Future Advances"),
Borrower does liereb~• wort?;age~ grant ~ and con~ ey to Lc~nd~r the follo~ ing descrii?ed ~n•o~?ertv
located in the County of St. LuCie , State of Florida:
Lot 11, Block "N", MARAVILLA ESTATES, as per plat thereof
recorded in Plat Book 9, Page 77, of the Public Records of
St. Lucie County, Florida.
" STATE ~F FLOR~~A I
~ DOCUMENZARY~~~: RECENED i.~-`'~-~--- IN W?YMEM Of TAXES
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i. u~ q' - ~ S TL~ M P f P, a' ! DUE ON q11SS'C' INTAN616LE PERSONAL PROPERIY.
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~ This ia a purchase money first mortgage executed for the express purpose
of securing a portion of the purchase price of the property encumbered herebyo
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; NOTE: STATE DOCUMENTARY STAMPS AFFIXED AND CANCELLED
' ON ORIGINAL MORTC.~A~E.
.
T(wETHEi: witl~ all the impro~•ement~ no~~• or l~ereafter erected on thc prope~•t~-, ,ind all easements,
rights, appurtenances, rents, ro~alties, mineral, oil ~nd ~as ri~hts aud in•ofits, ~~ater, ~~•xt~r rirhts,
<<nd ~atei• stock, and all fistures no« or hereafter attached to the propert.r, all of ~vhicl~, includin~
i•eplaceu~ents And addition~ thereto, shall 1x• deemed to he .u~d remain x pai•t of the propert~ coverecl
b~- this ~iortga~e; aiid all of the forc•aoina, to~eth~r v?it1~ s:~id pi•opert~ (or the lea~ehold estate
in the e~ent this 3iortr~ae is on .i l~asehold) ar~ herein ~rferred to a~ the "Propert}-".
Borrower covenants that Rorro~~er is la«~full~• ~eisrd ~f th~ Estat~ l~ereb~~ ~onre~ed .~nd h~~s tl~c~
ri~ht to u~ort~ag~, arant and ~~n~~e~• thc~ Propert}•, th~t thc~ Propert.}- is unencumbered, a~icl that ~
Borrower will warrant and defend ~en~ralh• th~ titlc to tl~e Propert~- a~ainst all rlaim~ and demands,
subject to any easements and res.rictions listed i» a schedule ~f exceptions to coverage in any title
insurance polic}~ insurin~ Lender's interest in thc Yropert.y.
UNIFORAi COVP.NANTS. BOTTOWCI' 1111(I I.endel• covenant ancl agree as follows :
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~ 1. Payment oI ArincipQl ~d lnterest. Borrower ~hall ~romPtly pay when due the rrincipa! of and interest #
~ on the indebtedness evidenced by the 11~ote, prepayment and late charg~ as provided in the Note, t?nd the princi- ~
~ pal of and interest on any Future Advances secured by this ~'Iortgage.
2. Fuads for Taxes and Insur~ce. Subject to I.ender'~ option under paragraphs 4 and 5 hereof, Borrower
shall pay to I.ender on the day monthly installments of ~~rincipal 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
may attain priority over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre-
mium instsllments for haaard insurance, plus one-twelfth of yearly premium instaHments for mortgage insurance, ;
if any, all as reasonably estimated initially and from time to time by T.ender on the basis of assessments and bills ~
ti. and reasonable estimates thereof_ The Funds sl~all 1?e he1~1 in an institution the deposits or accounts of which are
Return to s Southern Mortgage Asaoc.
FLOAIDA-~a-~~rn-~ to • F.mnr p.0. Box 38, Shenandoah St. :
BOOI(225 PAGE17~8 Mtamt, Fla. 33145.
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