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USDA-FmHA Tn~ form o+ cn~s ~~s~.~~r?~ was Ora~tW by tA~ oiric. or tn. ~O~
Form FmHA 427-1 FL Gene~al Counsel Of lAt United States Oepartment ot Agricultute, ~
(Rev. 5 3-74) w+sntn9~on, o. c.. ~nA tM materisl in tA~ Olank fpatK in t~~
fo~m was insestW by or unda tM dir~ctioo of _
~ W. L. Hendry, Attorney at Law, ~
'._'~rVanwj ~
410 N. W. 2nd St., Okeechobee, Fla.
`p?aa.es:j........___.y__.....
REAL ESTATE MORTGAGE FOR FI.OR[DA
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March 6, 1975 •
KNOW ALL MEN BY THESE PRESENT, Dated ~ -
WHEREAS, che undersigned C~~E E. WARF and LYNDA MAE WARF, his wife,
T._..:,.. . , ca__ ; .
resid~ng in v • LY\.+~+ ~,Oiitlir~ riU[iali, iiifiiiSC ~vSL Jaaa~.c iuu...oa
~S 7375 Silver Oak Drive, North Port St. Lucie , Flo~id~ 33452 ,
; haein called "Borrower." ue (u) justly indebted to the United States of America, acting through the Fum~rs Home Admini-
" istration, United States Department of Agriculture, herein called the "Government," as e~ridenced by one or more certain
~ promissory note(s) or assumption agreement(s), herein called "note" (if more chan one note is described below, the word
; "note" as uscd herein shall be construed as referring to each note sing~y or all notes collectively, as thc context may require).
said note being e:ecuted by Borrower, being payable to the order of the Government in installments as specified therein,
~ authorizing acceleration of the entire indebtedness at the oprion of the Government upon any default by Boaower, and being
s Eurther described as follows: Anrwal Rate Due Date of Final
„ Date of Lnstrument Priru:ipal Amount o Interest lnstullment
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~ 3/6/75 $23,500.00 8 1/8% 3/6/2008
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~ Md the note evidences a loan to Borrower, and the Government, at any time, may usign the note and insure the payment
~ thereof pursuant to the Consolidated Farm and Rural Development Act, or Titlt V of the Housing Act of 1949;
~ Md it is the pnrpose and intent of this instrument that, among other things, at all times when the noce u held by the
Government, or in the event the Government should assign this instrument without insurance of the note, this instrument
~ shall secure payment of the note; but wfien the note is held by an insured holder, this instrument shall not secure payment of
the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage to
secure the Government against loss under its insurance contract by reuon of any default by Borrower:_
NOW, THEREFORE, in consideration of the loan(s) and (a) at all times when the note u held by the Government, or in the
~ event the Government should assign thu instrument without insurance of the payment of the note, to secure prompt payment
of the note and any renewals and eztensions thereof and any agrcements contained therein, induding an~ Provision for the
- payment of an insurance or other chuge, (b) at alf times when the note is held by an insured holder, to secure performance
of Bonower's ag~eement herein to indemnify and save humless the Government against loss under iu insurance contract by
~=z reasoa of any default by Bonower, and (c) in any event and at all times to sewrc the prompt payment of all advances and
~ expenditures made by the Government, with interest, as hereinafter described, and the performance of e~ery covenant and
agreement of Borrower contained herein or in any supp(ementary agreement, Borrower does hereby grant, bugain, sell, convey,
mortgage, assign and forever warrant unto the Government the following property sitwted in the Sute of Florida, County(ies)
qrn _
St. Lucie
of •
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ti.~ B~OK~~ 1 PA~ FmHA 427-1 FL (Rev. 5-3-74)
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