HomeMy WebLinkAbout0620 i° ~ ~
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NIq~RC~GRIFF~ETH by~
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India~ Riv~r Fede~a~~$avin~i
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MORTGAGE 20,;;,~`e; F~~~ 6
_ da of ~y , 19_7~+-,
THIS MORTGAGE is made this 6 y
bet~~~een the Mortgagor, pA~ B• Wi~~ 8nd ~~BT J. iIIISON, his Wife
_ _ _ - (herein "Borrower"),
~nd the M~rtgagee, Indian Riv~r Federal Savings and Loan Association, a corporation organized _
and existing under the laws of the United States of Am~rica, whosc addre.ss is Vero Beach, Florida
~ herein "I.cnder" ) .
Wag~,?s, Borrower is indebted to Lender in the principal sum of~~T~ -T~~~D F~
• RUNDRBD_ and I~t0~100--------~ollars, which indebtedness is r.videnced b~• Borroaer's not~ of e~~en
date herewith (herein "Note"), providing for monthl~ installments of principal and interest, witl~
tlie balance of the indebtedness, if not sooner paid, due and payable on June _ 1, 1999 ;
To S~cu~ to I.ender (a) the i-epayment of the indebtedness e~•idenced b~ the Notr, itl~ int~rest
thereon, the payment of all other snms, with interest thereon, ad~•nnceci in accorda~ice hereW itl~ to
protect the secnrity of this Mortgage, and the performance of the convenants ~nd a~reements of
Borrower herein contained, and (b) the repayment of :~n~ future tid~•ance::, with interest th~reon,
made to Borrower b~ Lender pursuant to paragrapl~ 21 Lereof (Uereiu "I~`uture A~l~ auces"),
Borro~ver does hereby mortgage, grant and com~ey to I.ender the follo~~•ing descril~d p~•o~,ert~
::,:,~tecl is, the Caunty of ST. LOCIB _ _ , StHte of ~`lorida :
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Lot 8, Block A, COBTSZ SSTATBS IINIT I~iO. l, as per plat thereof recorded
in Plat Book 11, page 18, of the public recards of St. Lucie Coanty, Florida.
. L~i.~ 1!1 PA1fME111 llr ~i~ -
OIIE ON q/~ 'C 1[ITAN6181E PEiSONAL PIbPFR1Y.
p~pSlMIIT TO C1U1PiE? 71•134. NCTS OF 1VL ~l
806ER POITRAS
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T(~ETHEI: with all the impi•ovements no~~ or }~ereafter erected o~i the propert}, and all easements, '
i•ights, ~ppurtenances, rents, ro~~alties, mineral, oil and g~s rights a~id profits, ~rater, Hater rights, ~
~nd water stock, ~nd all fi~tures now or hereafter attached to the propert~~, all of ~vhich, including ;
replace~uents and additions thereto, sl~all be deemecl to be and remain a part of tl~e property coverecl
br this ~iortgage; and all of the foregoing, together with said propert~ (or the leasehold estate
in the event this ~iortgage is on ~ leasehold) arc herein refcrred to as the "Propert~
Borrower covenants that Borrower is lawfull}• seised of the estate lierebv conveyed and lias the
right to niortgage, nrant and conve~ thc Propert~, that the Property is unencumbered, and that
Borrower ~vill warrant, and defend ~enerallp the title to tlie Propert~ ~gainst all claims and demands,
subject to any easements and restrictions listed in a sehedule of exceptions to coverage in any title
insurance polic~ insuring I.ender's interest in the Property.
IINIFORbi COnENANTS. Borrower and Lendei• covenant and agree as follows :
l. Payment of Principal aad latere~d. Borrower ~hall promptly pay when due the principal of snd interest
on the indebtedness evidenced by the Note, prepayment and late charges as pmvidecl in the Note, and the princi-
pal of and interest on any Future Advances secured by this \4ortgage.
2. Fuads for Taxos and Insur~oe. Subject to I.ender's option under paregraphs 4 and S hereof, Borrower
shsll 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") equsl 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 instaliments for hazard insurance, plus one-twelfth of yearly premium instaUments for mortgage inaurance,
if any, all as reasonably estimated initially and irom timc to time by I.ender on the basis of assessments and bills
and reasonable estimates thereof. The Funds sliall l~e l~eld in an institution the deiwsits or accounts of which are
FLORIDA-~cc-~zrn-1 to 4 Famib 0 R Z~7 PAGE ~1t7 ~
BOOK
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