HomeMy WebLinkAbout1667 • ~ i
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• Tt~is instrument ~+rsa prepared by: ~
~ ' ~1BZSBd 'I~~@ & (~~~'1~ (7~. ;
P. O. Box 1152
i~9"~N33 Stuart, Flarida 33494
MORTGAGE
_ 19_ ,
THIS MORT(~A(~E is made this . day of ~ ~ 74
Uetween the Mortgagor, V• T~II2I(~,. JR. atc~d C~CIISA AtN ~ti(~~ his wi~e -
. - - - (herein "Borro~~er"),
- - -
~uicl the ?~iortgagee, _ S~ ~ OCl~~ANY . . . _ . _ . . , a corporRtion
organizeci and existing nnder tbe la~vs of P~l- , whose nddresc
is 139Q_.HriClc~ell_Averiue... Flo~ida 33131 - - (herein "I.ender'+)
WxBRx~s, Borrower is indebted to Lender in the priTtcipnl cum of1~IJl'Y
EIG~ ~dfJ.~~
aund_1~1p/1Q0---Dollars, ~rhich indel~tedness is evid~nced by Bor~o~ver's not~ of even
date l~erewitli (Lerein "Note"), pro~~idin~ far mouthh- installn~entti of rincipal ncl i~re~t, tj~~,~
d~ ~ 2~~a
the balance of the indebted»~ss, if not sooner pnicl, due t~nd liayable on - ~ l~f
To SECUR~ to Lendei• (a) the irpayment of the i~iclebtecLiess e~~idenc•ed h~ the ~Tote, ~~•iti~ i~iter~•~t
thereon, the pa}~nent of all other sums, ith int~rest thereon, t~dvnnced in nccord:~urc~ herc~~ itL to
protect the security of this ~fortgt~~e, and tl~c perforniance of tlu~ con~~~nani~ ra~~i :i~ri•c:uicut~ o~
Borrower herein contained, iuid (1~) the repayn?ent ot ~in}- ~uture iich•anc~~s, «itli i~~terest tl~ereo~~,
made to Borrower by Lendei• pursu:u~t to piu•~~raph 21 l~ereof (l~~irin "1~ uture A~h•i~nc~~~"~,
Bori•ower does hereb~ n~ort~age, grant uj~d eom•c}~ to I.Pil(~PI' Nil' follo~~•iug de5c•riix~d ~~~•opert~
located in the Count3• of - , State of ~'lorida: ~
Iat 26, Black ]20, ~ 3P. I~IC~, .Sectian 27, . -
a,ooordiux~ tA the Plat thereof reoarr~d in tY~
Offioe af the Clerlc of the Circui.t Oourt in a~d
for St. Lucie Qou~tY. F']~~. in Plat Booic 14,
pages 5, 5~A thrax~ 5I, inclusive, Public Heoos+c]s
~i.s m~rtgage i.s bein9 re-reoord~ed to vorrect
tt~w matiiritv dat~e.
~ t11 P!?`~~~~
.
~ER~ ~ ~ 19)1•~jJl
W{I~MMi p1~M
' q~qK CqM~?IT 00~?rt• s(. WC~E 00.. FV?'
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'ra.ETHF.R N lt~l t1U tt1C lIDi)l'OFP111CI1tS I70\~ Ol• l~ere~~fter erected on the prope~•t~, and all ensements,
rigl~ts, appurtenances, rents, i•o~-alties, ~ninernl, oil and ~as ri~hts ~ind profits, ~~~tei•, Hater rial~ts,
.~ud ~rater stock, .~nd all fi~tures iio~~ or l~ere~fter attached to the propert~, all of ~vhicl~, includin~
repl~c~>>nents and additions thereto, sl~~ll lx~ deemed to he :~nci remain a part of tl~e properh• corered
b~ this ~[ort~age; and Rll ot the f~r~noin„ to~eth~~r ~vith c~id properh (or the leasehold estate
in tl~e c~•ent this ~[ortrn~c~ i5 on 1~15ehold) arc~ l~~min rnferrecl to a~ the "Propert~
Rorrower caven~nts that Rorro~rcr es la«-fiill~- sei~cd of th~ estate hereb~• conve~•c~d ancl h.~s thc
~i~ht to mortra~~, ~r~~~t anci c•~im•e~- the Propert~-, th.~t tl~~ Propert.}- i5 uneneumber~d, xncl tliat
Borro~~ er ill ~vt~rrant and def~ncl ~,~nc'rall}- the 1 itle to tl~e Propert~• ~Tainst ~~ll cl~iw:; and dernands,
suba~•ct to an}• ~asein~nts :ind i•~»trietions listc~i iu 1~~hedulc~ of exceptions to corerag~ iii an~ title
insur~~ice Polic~• insurin~ 1.ender'~ interesf in th~ Propert~ .
LTN1FOftllf COVF.NANTS. ROI'1•ower and T,~~nder covenant uud agree as follows:
1. Payment of Principal and Interest. Borrower ~liall ~~romptl~ pay ~vhen due tbe principal of and interest
on the indebtedness evidenceci by the Note, prepa. ment and l~te char~ea as provided in the Note, and the princi-
.pal of and interest on any Future Advances secureci i~y this \iortRagc.
2. Funds for ?mces and Iasurmzce. Subject to I.en~icr'~ o~?tion iinder paraRraplis 4 and 5 hereof, Borrower ~
shall pay to I.ender on the day ~nonthl~ instullments of i~rinci~~al and interest are ~iayahle under the Note, until
the Note is paid in full, u sum (I~erein "Fimds"1 e~ual to one-t~~•elftl~ of thc yearly tuxes und a_csessmcnts which
may attain priority over this ~iortgage, And gromul rents on thc Pro~~ert~. if uny, plus one-twelfth of yearly pre-
mium instaliments for hazard insurance, plus one-t~~eifth of ycarly ~~ren~ium installments for mortgage insurance.
if any, all as reasonaUly estimated initiall~ nn~l fmn~ time to time hy I.cn~ler on the busis of assessments und bills
and reasonable cstimate~ thereof. Thc Fun~l~ ~lialf IK• hcl~l in an in~4itutio» the ~ieT~o~it~ or uccounts of which am
FLORIDA-~~c-~2~t-t ~o a Fan?ur 6flOK~.Jt7 P~CE~+VIlV
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