HomeMy WebLinkAbout1826 ' `'.13 This inatrument we?a prepxred Dy:
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GEORGE K'~iF; Z
Indian Rrver Fc .era( ,.:.,~~s
MORTGAGE ~"'"'J'""
2045-1Ifh A~e. P.O. Q~x 1209
Ve~o Be~ch, Ftorida 32960
THIS MORTGAGE is made this _ 2___ _ day of __~I~a13t_-_- 19-
behvicen the Mort a or H~~ g• ~Y~ and KATHLSSN BRYAN, his wife
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- - - - - (herein "Borrower")~
and the ~tortgagec, Indian Ri~~er Fcderal Savir~gs and Loan Association, a corporatian organized
and cxisting u~ider the la~~•s of the L1nitcd States of Am°rica, ~vhose address is ~~em Beach, Florida
~ herein "I.ender" ) .
`YiIF.REAS~ RorroW er is indebted to Lender in th~ principal sum of FI~ TKW~D NINB HUNDRHD
A1~ID NO/100---------------- Dollars, ~hich indebtedn~~ss i~ eridenecKi b~• Rorro~~~r's n~~t~• o~ e~c~n
date here~~~itli (herein "1~Tote"), pro~idinr for monthl~• in~talhnc~nt~ of princip:~l m~d intrr~~,t. «•itL
the balance of the indebted~i~ss, if not soonei• ~id. due and ~~a~•able on July 1, 1989 .
To St:cvKB to I.ender (a) the repaymE~nt of the indebteclne,~ c~~•idruced h~• the \'ot~~, ~ritl~ iut~rc~~t
inereon, ihe pa~~meni oi aii oiner Gums, wiiii iuiere~t tl~erevii, iul~=ui~c~~~t in u~~~urci:uic•~~ i~~~r~•~~~iii~ iu _
protcct. the securit.y of this \iortaage, ~nci th~~ performance of the com•~~itmt~ a~ud iitir~enic•~it. ot
RorroHer hercin c.ontnined, :uul (h) thc repa~~~nent of :tn}• future ach•:uice~, ~vith iut~~r~~st th~~reo~~,
u~ade to Borro~ver b} Lencler ptu•suant to l~ararrapl~ 21 L~rnof (lu~rc~ii~ "I~'uh~r~~ :~~1~•:i~~~•~•~"),
B~rro~rer does hereb~• uiort~a~c', grtait .iml conre~• to l.ruder tlu~ tollo~~•iu~ cl~~~criiK~d ~~ro~K~~•t~•
loct~ted in tlie County of ST. LUCIB _ , S2a~te ot' N'loriclt~ :
Lot 11, Block 3 of 1VCK8R T~tRACE, a Subdivision
according to the plat thereof recorded in Plat ~
Book 4, at page 54, of the Public Records of St.
Lucie County, Florida.
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'l'~x:FTf~tr ~~-~tii :~ll the im~~ro~•~~nu~nt~ ~?o~~• m• l~ere.?fter ~~rc~~•ted on tl~e prope~•t}-, ~u~d ~11 e.is~~nents,
CI~'~lt~. appurtenances, 1'('11tS. 1'O~'i1~t1P~~ 111111t'Til~~ OI~ iUl(~ !~ril~ 1'I~~It~ a~~d ~~r~~fits, \~iltPl'. \i'i1tP1' 1'l~~~lt~~
.uul ~~.~ter .to~k, :~n~l all fistures n~nr or hereafter att~che~l to th~ prop~rt~, all of ~~hicl~, includiu~
cepla~•~ments ~nd addition~ tl~ereto, ~Lall be~ deeme~l t~ h~~ v~d re•~nain a part of tl~e propc•rt~ ro~~ered
b~ thi~ ~iortg~~e: fu~~l .i11 of the foreaoin„ tor~tlu~r ~~ith ~aid ~?ropert~• (or the lea~c•hold e~tatn
in the e~-ent thi~ ~iort~;:~,~ i~ cm ai ]c•asehold) .~rc~ herein r;~f~rmd tn ati the "i :opert~-".
Rorro~er corenants thlt RnrroH•er is la~rfull}- ~eisc•d ~?f thc~ e.t~tc• h~~rebr con~ c«d and h.~~ ihe
~•irht to inort~a~c~, tira:~t ~n~l c•~~n~-e.- 'h~~ Pi•op~rh-, th~t tl~~ Pcopert~• i~ unenci~mberecl, ~n~l that
" Borro«er ~rill war:ant :~nd defen~l _*cn~rall~• th~ titl~ t~ ,h.~ Properh-.~~~inst all c•lairo~ and demauds,
suUjc~~t to an~ easc~ments and re~~triMions listecl in a.c•hc~~lul~ ~f excejitions to co«r.~~~ in an} title
in~nran~•~~ j?~jir~- inc~trYn!? i.~~nrl~r'~ interest in th~ Pr~n~rt.~ _
~ -
L~~IFOItbf COVF.NA\T~. ROTTO\\~e~r <u~d i.endei• c~~-enant a~c~l agree~ as follows:
~ 1. Payment of Priacipal and Interest. BorroRer ~liall ~rom~tl~ pay when due the principal of and interest
on the indebtedness evidenced by the l~ote. Prepa~ment and late charge~ :?s provide~l in the ?~Tote, and the princi-
pal of end interest on any Future Advances secure~! hp ti~i~ ~Iortgage.
2. Fuads for Taxes cmd Insur~ece. Subject to I.ender'~ option ~~nder para~raphs 4 and 5 hereof, Botrower
shall pay to I.ender on the day monthi~ installments of ~~rinci~~al and interest are ~~ayable under the Note, until
the Note is paid in full, a sum fherein "Funds"1 eq~al to one-tRelfth of the yearly taxes and asses.gments which
may attain priority over this ~iortgage, and groun~l rents on thc Property, if any, I~lus one-twelith of yearly pre-
mi~im instaliments for hazard insarance, {~us one-tKelfth of yearl~ ~~remium instsliments for ~nortgage insurance,
if any, all as reasonably estimatc~l initially an~l froro time to time b~ I.cnder on the basis of assessments and bills
and reasonable estimat~ thereof. The Fund~ ~h:~ll I?e hel~i tin an in~titution the ~iepositc or acceunts of which are
FI.OAIDA-~~12/71-1 to ~ Famib ~ R~~`' ~ r
90~3K c~ ~aCE
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