HomeMy WebLinkAbout1218 . . 2862.i4
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_ _ Thi(~nskt~it~lt sds ~repe?red by:
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MORTGAGE
THIS MORTGAGE is made this 14 _ day of lune______ ~~g 74_,
bct~veen thc Mortgagor, ~I_K_ STICKI.BR and C.I~iRA I~AR STICKI.~t his wife ~
_ ~ _ - ( herein "Borrower" ) ,
and the Mortgagee, Indian River Federal Savings and Loan As.sociation, a corporatian arganized
and existing under the la~vs of the United States of Am~rica, ~vhose address is Vero Beach, Florida
~ herein "I.ender" ) .
`~TFF.RIiAS~ Borrower is indebted to I.ender in the principnl stlm of 161BN1Y 01~-_~lOUS~AND 11!'~O -
RUNDRBD AND NO/100--------Dollars, «hich indebtc~dnesc is evidence~l b~• Borro~ti•ei•'s iiot~ of c~~eii
date hcrewitL (herein "Note"), pro~~iding'for monthh• installn~ents of principxl a~nd int~~rest, ~~ith
tl~e Ualance of thR indebted~?ess, if not sooner paid, due and payable on luly 1, 1994 . :
To SEC~KS to I,ender (a) the repaynient of the indebtednes~ e~•idc•iiced h~' tl~r. ~Tote, ~ritl~ int~r~~•t
there~n, the pa~ment of all other si~ms, witl~ interest tl?ereon, achan~ced in a~~coi•dane~~ l~ereWith tc~
protect. the security of this ~iort~age, nnd the performance of the con~~nants :uul a~r~enient. ut'
Rorro~~er herein contained, und (b) the repa}~n?ent of an~• future :ul~'N11C1'~. ~cith intere~t th~~re~n~,
iuaclc to Borrower by Lender pursu~nt to pHra~r~pL `ll hc~reof (liereiu "I~'uturc ~1~h•~~uce~"),
BorroHer does hereb~~ mortgage, Rrant and eome~• to Lender th~~ foilo~~•iug descrii~ed }~ro~,ert~•
locatecl in the County of ST. I.UCIS _ , Sttitc of N'loridii:
Lot 10, Block 11, FOBT PIBRCE BEACH SUBDIVISION, as per plat
thereof an file in Plat Book 8, at page 29,-Public Records of
St. Lucie County, Florida.
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- '1'rx:F.TFiF.f: ~~ith.ell tlie impro~•~~i?enl~ nu~~- or izere~~fte~• ererted on the prope~•t}-, anci ~ll e~seti~ents,
rights, appurtenances, rents, ro~ alties, mineral, oil ~nd ~a~ rigi~ts zuul i~rofits, «.zter, ~~-uter rinhts,
.ui~l water stock, ~nd all fixtures no~r or l~~re~fter attached to the propert~, all of ~vhich, incladin~
replaceu~ent~ and ~dditions thereto, ~I~all be deemed to i~e .iiid rem~?in part of tl~e propert~ co~ereci
L~ ~his ~tortga~e; and all of the fore~oin~, together uith s~id propert~ (or~the leasehold estate
in the e~•e~it thi~ ~Iort~are is ou leasehold) are hercin r~ferred to as the "Propert~
Borrower covenants that RorroRCr is 1a~rfull~- seised of the estate hereb~ convered ~nd 1~:~~ the
ri~ht to mort~agr, s;rant ancl c~n~•e~- tLe Propertr, th~t the Propert~ i~ un:•ncumhered. and that
Rorro~ver ~~ill wt~rrant and defencl ren~r:~il~ the title to the Propert~- a~ainst ail rlaims ancl demands.
tiuba~~t tv anv easements ancl re~trictions l~sted in a scl~eclillr ~f exceptions to co~era~e in an~~ title
~ insnr~ince polic}- insuring I.ender's interest in the Propertti.
IINIFORbf COYF.NANTS. BOTTO~~ Pl' tiD(1 Lender covenant and agree as follows :
l. Paymeat of Principal ~d Interest. Borrower ~I~al1 promptly pay when due the principal. of and interest
on the indebtedness evidenced by the Note. prepavrnent and late charges as provide~l in the Note, and the princi-
pal of and interest on any Future Advances secured by this ~iortgage.
2. Fuads for ?axes ~d tnsnr~ce. Subject to I.ender'~ option under paragraphs 4 and 5 hereof, Borrower
shall pay to I.ender on the day monthiy instailments of ~~rincipal und interest are payable under the Note, until
the Note is paid in fall, a sum (herein "Funds") equal to one-t~velfth of the yearly tax~ and assessments which
maq attain priority over this jiorcgage, and ground rents on the Property, if any, Plus one-twelith of yearly pre-
mium installments for haaard insurance, plus one-tRelfth of yeariv nremium installments for mortgage insurance,
if any, all as reasonably esLimated initially and fron~ timc to time by I.ender on the basis of assessments and bilis
and reasonable estimates thereof. Tne Funds shall I?c hcld in an institution the deposits or sccounts of which are
F"f.QRj~~-FHI.1tC-12/71-1 to 4 Fasib' B~K'^~~' ~f
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