HomeMy WebLinkAbout0503 ~ -
3i)3108 . - ~ , . .I - ~ ,
T~11A~~~~~hk 1 Ft ~ by:
tndt~~ RivAr fedlrat SSvings
a++d 1oa~ Assoc+al.on
r 1- ' 201S-14th /1w. P.O. Box 1209 i
- MORTGAGE ~~•o e~Kh, Florida 32960 ~
THIS MORTGAGF. is made this _ ~th__-___ day of March_____~ 193~ ,
bet~~•een the Mortfia~or. - Rt15SELL C._ P~ ±~nn~ ~4NNA~~E$: his wif~____----- !
- , ~
- - - - ~ herein "Borrower ' ) , ~
and the til~rtga~ee, Indian Ri~~er Federal Savings and Loan Associ~tion, a corporation organized ~
and existing under the la~~-s of the United States of Am^rica, ~vhose address is Vero Beach, Florida t
~ herein "l.ender" ) .
~YRERF,AS~ Rorrower is indebted to I~ender in the principal sum of THLRTY ZWO THOU~AND
AND N0~100------------- DO~IRrs, «hich indeht~dne5~ is evidenced b}• Borro~~•~r's not~ of e~~~n
~l:ite here«ith (herein "Note"), pro~~idina for monthl}- in~t~llm~nt. of principal »n~l int~i•c~st, ~citli
tl~c balance of the indebtedness, if not sooner p:iid, due aincl pa~able on April l, 2000 .
To SECL:e~ to Lender (a) the rept~~•ment of the inclebtedues~ e~•iden~•~d b~• tl~e \ut~•, ~~•itl? iut~r~~~t
there~n, the payment of all other sums, with intereGt th~reon, 1cl~~~inec~d in .~eeord~~uc~~ h~~rc~~~-itL t~?
protect. the security of this :~fort~aRe, ~nd the performancr of thc com•eur~nts ~uid t~T?•c~en~e~it~ ~f'
Rorro«er Lerein contained, xnd (b) the repayu?ent of zu~~• futurc~ ucl~•anec~~, ~~~ith ii~tr~~~~~t tli~reou,
n~acle to Borron•er b~l Lender pu~'SUilllf ~O ~~firarrapli ~1 ht~re~of (herein "Ft~tur~• :1~1~-.~ue~~~"),
Borro~ver does hereU}• ~nortnare, grant !iR(1 ~~o~i~-c~~• to I.e~nder th~~ t:ollo~~•in~ ~lc~~cn•ih~~~l ~~ro~~ei•t~•
locatecl in the Count~ of St. Lucie , Strit~ of I~'1~?ri~l:i :
Lot 29, Block 5, LAK~~'WOOD PARK, Unit No. 8-A,
according to the Plat thereof as recorded in
Plat Book 11, page 47 of the Public Records of
St. Lucie County, Florida.
_ .
STATE ~r~ FLC ~ : ~ fi,
~z DOCUMENiARY ST~aM i' ~
w JFY1 Of~HEYEf1UE N~ - ~ .
:~n _ _ _ 0 4. 5 0 t
. -.PS.. . ~~~{.1.
- - - ~ - - - ~ ! B c' ~,~~r oF tt~
„Q-(' ~ ~ F L O r-t : ~ C~. ~ ~ Niu. vROr~air,
' ' "!IMEh?~;FY-<.=:-v,~ST~;.-~? 't•. ~ ~ RECEIYEfl .C IIITAN~tBtF~~s ~ lyn.~;l
j - ~F "~~vLti - _ ~ ~ pN CtJ?~ ~TER 7~.13~?.
i = `~:iu'75`'~~~ ~ ~ 3. ~ 0 ~ PWt~T {tOGER ~~`M~U~~E Gp-, fU?.
E _
~ ' ` , ~~t~-.`- - - ~ ~LE,RK CIRC11~t ~R S
6
~
S
C '
~ `1
,1! {
V`,
6
~ t
~
a
'f'~;F.TIIF.I; with all tl~c improt~~lne~its no~~- or }?ereattnr c~rE~~ted ~,n tLe ~?rope~•t~-, ~incl .~Il caseiiients,
~ ?•ight,, ~PPurtenanees, rentc, i•o~alties. miner.~l. ~~il .tnd ri~hts :u?~l j~r~fitc, «•aiter. ~~•ate~• ~•i~l~ts.
~~ncl ~~~~ter ~toek, and all fititures no~~• or hereafter ~ittac•hecl to ti~e propc rh-, ull ~f ~rhicL, includin~
~ replac•en~c•nt< <ind a~ldition~ tl~er~to, ~l~ull ix~ deciued t~? he~ ancl r~m~~in part of the pro~,ert}- co~-i red
~ b~- this ~fort~;a~e; and all of the fm•e~oin~, to,retl~~•r ~~•itl~ sa~icl ~~roperh• (~?r the I~asc~liolcl e.t~ite
in the e~•ent thi5 ~fort~a~e is ~n leas~holci) ~re herc~in re~ferred to the "Propert~-•,.
~
4.~ Borrower co~~enants that Rorr~~tiT~r is la~vfnlh• sei~ecl ~f th~ estate h~i•~b~- nom~e~•c~~l and hH:: tlu•
r-~ ri~ht to mort~~g~, ~rant an~l c•~~n~-e~- th~ P?•operh-, tl~nt thc• Pro~~erh- i~ unencumhered, ancl that
Borro~~•er will ~sxrrant and defen~l ~rc~n~~rall~' th~~ titlc~ to tLe Propc~rt~- .i,ainst all elai~t~~ and demands, ~
subjec•t tu nn~• ease~nents ancl restric~tion~ liste~l in .i ~c~hednle~ ~f c~~c~pti~~n~ tu co~•er~i#,rc~ in an~- title ~
- insurance polic~- insurin~ LE nder'~ interest. in th~~ ProPert.}•. '
UNIFORI?i COVENANTS. Rorro~r-er and T.ender co~lenant ancl agree as follow5:
1. Payment of Pcincipal ~d Interest. Borro~ver ~hall 1iromPtly pay when due the Principal of and interest
on the indebtedness evidenced by the Note, prep~~ment and lnte char~es as providerl in the Note, and the princi-
~;j pal of and interest on any Future Advances secureci b~~ this 1lortgage.
2. Funds for Taxes cmd Insurance. Subject to Len~ier'~ oPtion i~nder paragraphs 4 and 5 hereof, Bormwer ~
shall pay to I.ender on the day monthly installment5 of ~~rinci~~al and interest are ~a,yable under the Note, until
_ the Note is paid in full, a sum (herein "Funds"1 c~ual to one-t~velfth of thc yearh• taxes and assessments which
may attain priority over this :~4ortgage, and groun~i rents on thc Property, if any, plus one-t~velfth of yearly pre-
~~--r mium installments for hazard insurance, ph~s one-t~~•elfth of yearl}• ~remium installments for mortgage insurance.
if any, all as masonably estimateci initialh• anrl from time ta time by I.euder on the basi~ of assessments and bill~
~ and reasonable estimates thereof. The Fund~ ~lial) IM lic1~1 ir an in~titution the deposits or accounts of which are
FLOAIDA-~n.~ca-~2rn-~ ~o a F~r 0 R~~ ?A6E 50~
- j aP 800K
- - - - _
~ W. _ ~ ~ ,?°.~'r~"`~°~~.
y~ %m]~ Ae~ . . . j `3 ~ ~
~'~_r.. . _a,~ ~y .
~ z~, e .