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T e ina me~ waa rep~red bY:
. , ~ar~"es ~1. L~ewis
Ind~.an- River Federal ,
Sav~.ngs . & Loaa _Aasaciation
P. O. Box 1898
~ MORTGAGE Ft. pierce, Florida 33450
THIS MOR'~'GAGE is made this 18th _ day of _Feb~.__ , 19Z~,
bet~vicen the Martgagor, ____ZQtIlI R RF.A an~l ~TgT.FgDT A RFA. ~+i ~~t.i.fp
(herein "Borrower"),
and thc Mortgagce, Indian Ri~~er Fecieral Savings and Loan Association, a corporation organizcd
and existing undc~r the laws of the United States of America, whose address is Vero Beach, Florida
~ herein "I.enHer" ) . '
`~VHEREAS~ Borrower is indebted to Lender in the principal sum of Forty ThOUSand and ~
_.no/100--_---_-----. Dollars, ahich indebtedness is evidenced b~ Borrowcr's ~iot~ of e~•eu ~
date herewit.h (herein "Note"), providina for monthl~ instalhnents of principal .u~d inte~r.st, ~citl~ ;
the balance of the indebtedness, if not sooner pt~id, due ~nd pa~~able on March 1, 2000 : ~
To SECVR~ to Lender (a) the repayment of thc indebtedness evide~iced h~~ tl~e ~'ote, ~~•itL interc~~t
thereon, the payment of all other sums, with interest thereon, adt~aiiceil in accordani:c~ l~ereW ith to
protect tiie secnrity of this Mortgage, t~nd the ~~erformance of the conr~n~nts :ind n~;ree~ue~?ts of
Borrower l~erein contained, and (b) the repR~» lent of ~~n~• future ach~ances, W~ith iuterest t]~ereon,
u?ade to Borrower by Lender pursuant to pnr~nraph 21 hereof (l~ereii~ "Future Ad~~u~iees"),
Bori•o~ver does hereb~ mortna~e, grant and con~ e~ to i.endei• thc follo~~•iug cle~cribe~l propert~-
located in tl~e County of - Sdint ._Luci.e _ , St~te of ~`lorida :
That portion of Lots 12 and 13, Block 3, SUNRISE ESTATES SUBDIVISION,
Ft. Pierce, St. Lucie County, Florida, lying Southerly of a line
running Southeasterly from a point in the West line of Lot 13, 7.00
feet North of the Southwest corner thereof; to a point in the East
line of Lot 12, 9.40 feet, arc distance, from the Northeast corner
thereof, as per plat thereof on file in Plat Book 8, Page ?5, of
the public records of St. Lucie County, Florida.
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f / P~t-~ - , ~ti : ~J 4• ~ RECEtVED ~ ~ IN PAYMENT OF TAXES
t d, ~ F1`,E-N~,:~~t DUE ON Cl11SS'C INTANGIBLE PERSO:~iAI PP.O?fR1Y,
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; ~,r, c}O.; PI~RSUAlIT TO CHAPIER 71-134, IICTS OF 19/1.
; ~ OL'j I R06ER PORRAS ~ C~'
~ % g CLERK CIRCUIT COURT, ST. LUC~E C0, FU1. ~
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~ Ta:ETHF.R W1tL 3II t~l@ lITlj)TOVen~ents no~c or l~ere~ifter er~cted on tl~e prope~•t}-, and all easements,
~ cights, appurtenances, rents, ro~alties, mineral, oil ~tnd ~as right~ and profits, ~~•ater, ~~ate~• ~•i~hts,
~ ~?nd watei• stock, and all fi~tures no« or hereafter atta~hed to th~ proPert~-, all of ~~hich, including
~ replace~nents and addition~ tl~ereto, sLall ix• deemecl tu be ~uul remain .i part of the propert~ coverera
~ b~ this .ltortgage; and a)1 of the fore~oin~, lo~ethec ~~~ith s:~id properh- (or thc leasehold estate
~ in the event this .lfort~~~ge is on ~i Ic~~sehold) are herein r~ferred to n~ t}~e "Propert~-".
Borrower covenants thflt Rorro~cer is la~~~fiilh• sei~eci ~f thc~ ectate hereb~~ ~on~'CV('(I ~11(~ ~li1S t~lf
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cigl~t to mortgag~, ~~rnnt and ~m~~•e~• the Propert~~, th~t th~ Propert~• is un~ncuinbered, an~l that
Borro~rer will ~varrant and defend ~ener~lhr tl~e title to the Properh- :~~ainst all clai~us and demands,
siibject to any ease~uents and re~trictions listecl in a sc~hedi~le of e~cePtions to coc•erage in an}- tit.lc~ ~
insurance polic~~ insuriii~ Lender'~ interest in the Propert.~.
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U.TIFORDS COVENANTS. Borro~rer and Lender cuvenant lncl agree as follaws :
1. Paymeat of Principal and Interes4 Borrower shal) Promptly pay when due the principal of and interest `
- on the indebtedness evidenced by tbe Note, prepavment and late charges as provided in the Note, and the prinei-
pal oi and interest on any Future Advances secured by this ~lortgage.
- 2 Funds for Taxes aad Insur~ce. Subject to t.ender's option imder paragraphs 4 and 5 l~ereof, Botrower
shall pay to Lender on the day monthl,y installments of ~~rincipat and interest are payable under the Note, until
the Note is paid in tull, a sum (i~erein "Fimds"1 equal to one-t~velfth of the yearly taxes and assessments which
- may attain priority over this l~iortgage, and grounil rent~~ on the Pmperty, if any, plus one-twelfth of yearly pre-
mium instaiiments for hazard insurance, plus one-twelfth of yearl~ Premium installments for mortgage insurance,
w'r°~ if any, a11 as reasonably estimateci initially and from timc to time t~y T.ender on the basi~ of assessments and bills ±
and reasonable estimates thereof. The Fund~ ~6all I,n held in an institution the deposits or accounts of whieh are ~
F'j,QRjDA-PfIIMC-12/71-1 to 4 Famfiy
eoox237 PA~ 34 ~
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