HomeMy WebLinkAbout2117 ' ~ 2'i 8 i~ $
~ TTk?~,inat~?~v1+vc~~F'~ by~ :
• GCORGE KMEIZ
Ind~an R~vtr ffd.~al Sevin~S ~
a~~d Laan ~.ssct~ahon
MORTGAGE ~045-14th Hve. P.O. Box ~ 20+ ;
Vero Beath, Flerida 32960 ~
THIS MORTGAGE is made this 25.__ day of rch , 19Z4___, ~
betwcen thc Mortgagor, GEORGB J~ LIPARSI.I and IRBNB M~ LIPARSI.I his wife, _
_ _ _ ( herein "Borrower" ) ,
and the Mortgaqee, Indian River Federal Savings and Loan Association, a corporation organized
and existing under the la~~•s of the United States of Am°rica, ~+~hose address is Vero Bcach, Florida
~ herein "I.ender" ) .
«'nFt~s, Borrower is indebted to Lender in the principal sum of ~ree Thousand and no/100
Dollarsrivhich indebtedness i~ e~ idenc~~cl U~• Rorro~~er'~ not~ of eve~i
clatr herewitL (herein "Note"). providinr for ~nonthh• installmeut~ nf priiicipal .~ucl int~~r~~st, ~~itli
the Ualance of the indebtedn~ss, if not sooner pt~icl, due i~nd ~ia~ able on april, 1979 ;
TO SF.CURF. t0 Lendei• (a) the i~epaym~nt of th~ incl~btecl~iess e~~idenced 1?~' the \ot~•, ~~~itli iutc•r~~,t
thereon, the pavment of all otLer sums, witl~ intere~t thereon, ad~~a~nced iu ~lccorcla~~~•~~ h~~r~~W ith to
protect the security of tl~is iliort~age, and th~ perforn~anee of th~ com•~~~ru~is ~uid ~~r~•e~n~~nt~ of
Borro~~er herein containecl, iu~d (b) the repa}~ment of ~un• future ~ul~~.me~~~, ~~ith inl~~rc~st th~~~rau,
~uade to Borrower b3• Lender pursut~nt to pt~rairrai~l~ 21 li~reuf (l~e?•c~in "Fuhir~• :1ch•:~uc~~~"),
Borrower does ]tereb~• n~ort~tige, grant t?nd ronr~~~• to Lc~nder tl~~~ follo~~•inr ~lesc:ril~e~l Jii•oE~crt~•
located.in the County of St. Lucie _ , State of 1~'lorida:
Lot 7, Block 114, LAKL~WOOD PARR, UNIT NINE
a Subdivision, according to the Plat thereof,
as recorded in Plat Book 11, at pages 27 ~
27A through 27D of the Public Records of
St. Lucie County, Florida.
' ~ STATE ~F FLORiDA ~
j o= OOCt1MENtARY-~'~'~;~,STAMP Tl'~?- G
! c-~ ~ DEPT.
OF AEVENUE ~s i ~ - ~N PAlIF1E11~ OF t~
r t. , ~'r
~ K~ N= p~ = R?~t-j'1; ~~~;~i - 0 4. 5 0 1 R~m .
o' ~ t~,~2 ~ ~ pUE ON CU?SS'C' IN?ANG~BLE PE~~iS pF ly~j1~.R1'f •
` o ~~T ~ ~QTER 71•134,
R06ER ~ ~
q~nc c~~uit oou~~
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'Pa:F.THEi: ~~itl~ all the impro~•en~ent~ no~~- or liereafter c~rected on the prope~•t~-, and ~ll easements,
rights, zppu?•tenances, rent~, i•o~alties, ininer~l, oil and ra~ rigl~t~ ~~nd profits, ~~ater, ~cater ri~l~ts,
~nci ~tiater stock, and all fistures no~~ or hereafter attached to the pro~~crt~, all of «~hicli, includin~
rep]ace»~ent~ and aciditions thereto, ~I~all ix deemed to he .md remain pa~•t of t.hc propert.~ covered
b~• this \[ort~age; and all of tl~e fore~oing, together «•ith said propert~ (or the lea~el~old estate
in thc e~•ent tl~is ~iort~ad~ i~ on ~ l~asehold) ar~ herein r~f~rred to as the "Propert~
Borrower covenants tl~at Borroxer is la~vfulh- ~eised of the estate hereb~ con~eyed and htis the
~•ight to mortgag~, ~rant ancl cmn•~~- thc Propert}-, th~t th~ Propert.}• i5 unencumbered, and that
Borro~rer will warrant :~nd defend rener:~lh the titl~ to the Propert~- a~ainst ~U claims ancl demands,
sub~~ct to an~ ease~ne~its and restrictions listed iu .i sc~hedule of e~ceptions to coverflge in any title
insurance polic~- insurin~ ljender'ti interest in the Propert.~ .
~
~ UNIFOItbi COVENANTS. BOTTO~~ Cl• and I.endet• covenlnt and agree as follows :
~ 1. Payment of Principal ~d Interest. Borro~rer ~hall rromptly pay when due the principal of and interest
on the indebtedness evidenced by the Note, prepavment and late charges as providecl in the Note, and the princi-
pal of and interest on any Future Advances secured by this ~iortgage.
2. Funds for Taxes aad Insur~ce. Subject to 1.ender's option under paragraphs 4 and 5 hereof, Borrower
shall pay to Lender on the day monthly instaliments of ~~rinci~~al and interest are payable under the Note, until
- the Note is paid in full, a sum (herein "Funds"1 equal to onc-t~vclfth of the yearly taxes and assessments which
may attsin priority over this ~4ortgage, and ground rents on tiic Property, if any, pius one-twelfth of yearly pre-
roium installments for hazard insurance, plus one-twelfti? of yearly premium installments for mortgage insurance,
if any, all us reasonably estimated initia{iy anci fmm time to time by I.ender on the basis of ussecsments and bills
and reasonable estimates thereof. The Funds ~hall {?c held in an institution the deposits or accounts ot which are
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