HomeMy WebLinkAbout2362 295491 ' ~ N ~
This instrunient wa~ prePsrcd bY: }
. c~elsea Tit].e__&_ c~iaranty oo. ~
P. O. Box 1152
9tuart, glo~ida 33494~
MORTGAGE
THIS ,1SORT(~A(~E is made this. day of ~ 19- 74 ~
A111 WIiI(~ ~ _ his wite
between the Mortgagor, V-- - ~ -
- - . - (herein "Borro~ver"),
-
aud the Aiortgagee, . 90L~.' OC[~~ANY . _ . _ _ , a corporation
organized and existing nnder the law8 of FI~ZID~_ - ~ - , whose nddres~
is _ 139Q__Sxit~ell..A~nu~.... I'~oo~ic7a 33131 . . (herein "T.end~~•").
~~lxsxsns, Borrower is indebteci to I.encl • i~~ the princinnl sum oli~Nl'Y
EIt~.~O[x`'a~I~D -
~.Np/].p0---.Dollars, which , dcbteciness is evidenced Uv Borrower's note of even
date herewith (herein "Note"), pro~ iding fo~ monthh~ inRtallmei~ts of rincipal nd i erc~st. ~cith
~bpC ~ 2~b3
tlie balance of the indebteduess; if not sooner pAid, due nnd payabl~ on . ~
To SBCVeg to I.ender (a) tlie i~epayment of tl~e indebte~ness e~ idenced b~ .the \TOt~~, ~cith iut~re~t
thereo~i, the payment of all otlier suins, ~ ith interest thereon, adranceci in nccordauc~c 1?c~reW itl~ to
protect the security of this i~iortga~e, nnd the perforn~auce of tl~e convc~n:u~ts aind a~ree~neut~ of
Borrower herein contuined, and (h) tl~c repa~ ment of a~n~ future zi~l~•:~nces, ~~~itli i~~tere4t 4hcreou,
niade to Borrower by Lender pursunnt to pnrurrapL 2l hereof (l~erri~~ "F~iturc Adv~n~crs"),
Borrower does liereb~ ~uortaage, grtint iuul ron~•e~• to L~~nd~r tl~r follo~~•in~ descril~ed Uro~~erh•
located in tLe Coimtp of S~• ~le = , Statc of ~'lorida :
Lqt 26, Blodc 120p P~O~T~~f
aooo~irig bo tl~e la
Offioe of the Clex9c of the Circuit C7ourt in aand
for St. Luci,e. OantY. F~i~. i~ Plat Bodc 14,
p~ge$ g, S,A. throuc,~ 5I, inclusive, P~lic Ae~oooc+~]s
. ~ ~ -
~ a+a~s~ ten~~l
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a ~ qy~tER 71-134.
Wft~MWi r01tM~ .
' ~?li 1~~~ 5L ltN%~ GO.,
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Tcw~~r~iEr, witl~ t~ll the impro~ ements no~~ or Lereafter erected on the prope~•t~-, tuid all casements,
rights, appurtenances, rents, roralties, ~ninernl~ oil and ~;as rights t~nd profits, ~~ater, ~~ater rinl~ts,
aud water stock, ~~nd all fi~tures no~ti or l~ere~fter attrtchecl to the property, all of ~vhicb, includin~
replt~cen~ent~ ancl additions theretu, sl~nll lx~ deemed to be :uid remain a part of the proPert} co~~ered
b~~ this ~Io~-tgaae; and all of the foreaoin„ torether ~vith ~aid properti- (or the lens~l~Qld estate
in the event thi5 ~[ort~nr~ iK m~ le~seholdj arc~ herein rnferred to as tl~e "Propert~
Borrower corenants fhat R~rro«~~r is la~~~fulh• seisecl of the estate herebr convcycd ~ud h.is tl~e
right to ~nortr~~e, :;i•a~~t ~n~l ~~n~•e~-: the Propert~-, tl~~t fhe Propertr is unencumbered, and that
Borro~rer ~vill ~v~rrant and defencl ~~nerall~ the 1 itle to tl~e Pro~rt~~ against. all claiui~ t~nd demancis,
~ubaect to an~ easen~entS .~nd r~,trictions li~tecl iii fl sc~hedule of exceptions to covera~e in ~n~ titl~
insurnnce policr insurin~ I.euder'~ interest i~i th~ Propcrt~•.
jTNiFORDi COVF.NANTS. Borro~ver aiid Lender covent~»t a»d agree as follows :
1. Payment of Psincipal mid Interest. . Borrower shall ~~mroptly Pay when due t.he principal of and interest
on the indebtedness evidenced by the Note, prep:~vment :~nd late ~harge~ as provided in the Isote, and the princi-
pal oi and interest on any Future Advunces securec! by this ~'[ortqage_
2 Fuads for Taxes and Insurcmce. Subject to I.ender's option nnder ~~ara~rapl~s 4 und 5 l~ereof, Borrower
shall pay to 1.ender on the dtty monthiy instul)ments of ~~rinci~~al and interest nre payable under the Note. until
the Note is paid in full, a sum (herein "Funds"1 e~~ial to one-t~veiith ot thc yearly tAxes and nsse.ssments nhich
may attain priotity over this ?~iortgage, and ground rents on thc Pro~~erty; it any, plus one-twelfth of yearly pre-
mium installments for hazard insurance, plus one-t~~ elfth of yeariy l~remium instaliments for mortgage insurance,
if any, all as reasonubly estimatecf initiall~ nncl fron~ time to ti~ne h~ I.ender on the basis of ass~csments and bills
and reasonable estimat~ thereof. Thc F~u~d~ ~lu~li fN• hcl~l in an in~tih~tion the de~~osit~ or accounts of which are
Fj,QAj~A-.FHI,MC-12/?l-1 to 4 Family 80R~~ ~M~ -
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