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Home My WebLink About0480 ~ l " : ' ~ r;~ ~l,~`~ O Thia inslsument was prepared bY: Charles W._.Lewis Iridian Y~iver Federal Savings &---I'°a~ ~~~~~ation _ ; P.O. ox MORTGAGE Ft, pierce, Florida 33450 THIS MORTGAGE is made this 2nd day of __Janu-ary , 19_75 : betwcen the Mortgagor, _-A.~t• Banack_~n~$~~he1_ ~ane Banack._ his wife _ (herein "Borrower"), t and the Mortgagce, Indian River Fedcral Savings and Loan Association, a corporation organized ~ and existing under the laws of the United States of Am~rica, whose address is Vero Beach, Florida ~ herein "I.ender" ) . tiV~x~?s, Borrower is indebted to Lender in the principal sum of ~irty Seyen Thousand and_nQ/1lJ4___._.._ . Dollars, which indebtedness is evidenced by Borroner's not~ of even date herewith (herein "Note"), providin~ for monthl~ installments of principal xncl interest, witli the balance of the indebteduess, if not sooner paid, due and payable on Januar,y 1, 2000 ; To S$cvx~ to Lender (a) the repayment. of the indebtedness e~~idenced U}t tlie ~Iote, ~ritli intei•e~t i thereon, the payment of all other snms, with interest tl~ereon, ad~~niiced in accordance l~erew itl~ to ~ protect the security of this Mortgage, and the performance of the con~enants nnd a;reenient~ ot ~ Borrower herein contained, and (b) the repayment of r~n~ futi~re acl~ ances, ~~ith interest thereou, u~ade to Borrower by Lender pursuant to paragrt~pl~ 21 hereof (herein "Future r1d~•:u~ees"), Rorrower does hereb~ mortgage, grant and con~ey to T.ender the follo~~•i~ig descril~ed Nropert~ located in the County of ___Saint .Lucie State of Florida: The North 1/2 of the Nor~hwest 1/4 of the Southwest 1/4 of the Northwest 1/4 (less the South 100 feet and less the West 40 feet for road right-of-way) of Section 19, Township 35 South, Range 40 East; said land lying and being in St. Lucie County, Florida. R~o ; ~o P ~ of F St A~ 1 ~ A fNt`;~.. ~ ~ - Q t ~ oo~~M : _ _ _ ~ 5• 5 ~ . ~ . oy a+ o~p " ~ Ja'~-515~ ~ ~ L-t ~ ~ ~ '~w. ~ P& ~o I <n ~ ~~tez . ' o ~ ~ IN PAriENT OF TAXES I DUE ON GJ1SS 'C' ItITANGIBIE PER90f1A1 PROPERiY, E pURSWINT Tp (~IAP'TER 71•134, ACTS Of 191L = R06ER !'OITRAS ~G Q ~ CLERK CIRqI1T COURT. ST. LllCIE ~ RA~ a 5~ ~s - TOGETHER Wlt}1 il~~ tt1C 11T1Provements no~• or hereafter erected on thc prapert~', and all easements, rights, appnrtenances, rent.s,-royalties, mineral, oil and ras rights and profits, «ater, ~sater rinhts, and water stock, and all fixtures no~r or hereafter attacheci to the properh, all of «hich, including replacements and additions thereto, shall tie deemed to be and remuin a part of the propert~~ covered ~ by this Dtortgage; and all of the fore~oin~, to~;ether v~~ith said propert~ (or the le~sehold estate in the e~ ent thi~ tilortRag~ is on ~ leasehold) are hercin referred to as the "Propert~ Borro~~er covenant.s that. Borroaer is la«~fnlh- seiseci of the estate herebv conveyed aiid l~~s the ~ right to mortgage, gr~nt and con~e~• the Propert~, th~t the Propert;c is unencnmbered, and that DOI'I`U1i~`Ci- ~i°i~i q'iai ialii aTiu uv~vTiu ^n~ nll 41;n f~fln fn tl~n Pr~»Ppf~- ~~ainqt s~ll claim~ and demands. ~ subject to any easements and restrictions listed iii a schedule of exceptions to co~ er~ge in any title ~ insurance policy insuring I.ender's interest in tl~e Propert.y. IINIFORM COVENANTS. Borrower 1nd Lender covenant and agree as follows : ~ 1. Ptsymeat of Principal ~d Interest. Borrower shall promptly pay when due the principal of and intet~est ~ on the indebtedness evidenced by the Note, prepayment and late charges as provideci in the Note, and the princi- ~ pal of and interESt an any Future Advances secured by this vlortgagc. ~ Z Fuads for Taxea aad Iasuramce. Subject to I,ender'~ option ~mder paragraphs 4 and 5 hereof, Borrower ~ shell pay to Lender on the day monthly installments of principal anci interest sre payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-tweifth of the yearly t$xes and assessments which may attain priority over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre- mium installmente for hasard insurance, plus one-twelfth of yearly Premium installments for mortgage insurance, if any, all as reasonably estimated initially anci from timc to timc by 1.ender on the basis of assessments ~nd bi11F and reasonable estimates thereof. The Funds shall i~e liel~ in an institution the deposits or accounts of which are ~ U R z~5 4~ FLORIDA-~G-urn-~ ~o a F~a 800K PAGE ' t ~ ; . _