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06961
Thia instrument was prepamd by:
MORTGAGE
THIS MORTGAGE is made this 24th day of April ig__ 75 ~ ~
ELEANOR R. PENNELL forcnerl known as Sleanor R. Ber andi And ~
behveen the Mortgagor, - ~ Y- _ _ - ' - ~
JACK W.~ PENNELL, her husband (herein "Borrowcr"), ~
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and the 1~1ortRagec, Indian Ri~~er Fcderal Sa~~ings and I.oan Association, a corporation organi•r.ed ~
and existing under the la~vs of the Uniteci States of America, ~vhose address is Vero Beac.h, Florida ~
{ hcrcin "I.ender" ) .
`~~BF.RF.AS~ Rorrower is indebted to I.ender in the principal sum of Six Thousand Three ;
Hundred and no/100 ---~~]~R1•5, which indeirtedn~~ss i~ e~ id~nec•d b~~ Rorro~•er's not~ of even s
date herewith (herein "Note"), pro~•idin~ for monthl~• in~tnlln?ent~ of principal :nul intr~•e~t, ~~~itL €
tl~e b~lance of the indebtedn~ss, if not sooner ~~t~id; ciu~ auid ~~xvable on 1r1ay 1, 1982 , ~
To SFCrK~ to I.ender (a) the repal'rnent of th~ in~lrbtedne.. e~~id~~n~•c~d h~• th~~ \'ot~•, ~~•itl~ int~~r~~~t =
tliereon, t]?~ pflvment of iill other su~ns, ~~~ith intereGt ihc~~•eon, n~h•tu~c~ct in .iccord~u?ee li~•r~~~•itl~ t~~
protect tl~e securit,y of this Mort~aRe, and th~~ perform:uie~~ of tlu~ eom•~nsu~t~ s~nd ~i,rre~eincmt. ot' ~
Barro«er herein contained, ~u~d (h) the repaynient of :111~' tlitlll•e x~h•a~nce~, ~~•itli i~~ter~~st thc~rei?u, ~
u~acle tc? Borro~ver b~ I.en~ler pursu:n?t ta pui•ii,rul~h :?i Lereof f l~erein "1~'iitur~~ Aci~•.~nc~~~"), ~
Ror~•o~~-er does hereb~• mortna~e, ~rant ~inci rom-~~~• to I.en~lrr tl~~~ follo~~~iu~; ~l~~crihe~~l ~n•o~x~rh- ~
loc~~ted in the Count} of ST. I,UCIE _ , Stat~~ of Flori~lt~ : ~
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Lots 19 and 20 of Block 1 of AMY ANNA PARR, a subdivision
as per plat thereof on file in Plat Book 4, at page 72,
of the Public Records of St. Lucie County, Florida.
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2'` -.~~~rt~vE.!~t1F - jT , - - 1 •7 f`' IN PA`I pppPEi~l`l. i
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~ T~N;t:THF.I; ~~-ith all the im~?~'nVPlllE`nt~ no~~- ur liere~~tt~r ~~r~~<•te~l ~m tl?~ prope~•tc, aud '.1~I (.iS(Il1CT1tS~
t'l~'}lt5f :1~~)lll'ZP11Al1CPS~ 1'E'ilt~, 1'O~'.l~ti('~. I11111C'PIl~. (ll~ .1111~ !~'llti 1'17;~1ty .~nd ~ir~tits, \~'.lt('1'~ R'RtCI' 1'l~jltti.
.uul ~i~~ter ~to~•k, .~nd all fixture5 no~~- or i~ere,~fter .itt~~he~l t~~ tlu~ propert~•, all ot ~~•hich, includin~
~ replae~~~nc~nt~ .~nd nd~lition~ tl~ereto, sliall hc~ ci~~c~~ued t~~ h~~ .uul r~m~in p:~rt af the propert~• co~~ered
~ i~~ thi~ ~Iort~a:;e: .~nd ~11 of tl~e fm•e~ain~, t~~~,ether u•itli ~aicl propert}• (or thc lea,eholcl ~~st~te
~ in the e~-ent thi~ ~fortT.i~~ i< <?n :i lc~~.~hold) .irc~ h~r~in r~~t'~rred to a~ the "Properh-"
` Borro«-er eovenants that Rorro~•~~r i~ la~rfull.- ~ei~c~cl ~?f thc~ e~tate hereh~• conrev~d .incl lr~~ thc~ i
~ ci~ht tc~ n~ort~a~~~. ~r:int ancl ~•~?n~•e~• tlu~ I'ropert}-, th~t th~~ Propert.}~ is unencumlfered, an~l th~t
~ Rorro«•er ill wt~rrant :in~l defencl ~~n~~r~ll~~ tlic~ 1 itl~ to tLc~ Proix•rt~- ~~ainst .~1) ~lain~~ and dem~nds,
~ suhj~~t to anr easc ment~ :~ncl rc+ctriction. li~t~~l in ~c~l~~~cl~ilc~ ~?f ~~sc~ptians t.o co~-~r.~g~ in an~• title
~ insurance i~c?licr insurins; Lender'~ interc~st in th~~ Propert.~-.
UNIFOItAi COVF.NANTS. Borro~~•~r and t.c~ndcr cm~enant ancl agrce as follows :
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~ 1. Payment o~ Principal and Interest. Rorrower ~hall ~iromrtlt~ pay when due the ~rincipal of and interest i
= on the indebtedness evidenceci by the 1~'ote. prepayment and lntc charges as provide~i in the Note, and the princi-
; pal of and interest on any Future Advances securecl by this ~iort~agc. -
2. Funds for Taxes and Insurcmce. Suhject to 1.ender'~ o~~tion nnder paragraphs 4 and .5 hereof, Borrower
~ shall pay to I.ender on the day monthh instullments of ~?rinci~?al und interest arc payable under t.he Note, until
the Note is paid in full, a sum (herein "Funds"1 equal to one-t«•elfth of the yearly taxes and assessments which
" may uttain priority over this ~iortgage, and groun~l rents on thc Propert.~, if any, plus one-twelfth of yearly pre-
~ mium instaliments for hazard insurance, plus one-hvelfth of yearh rremium installments for mortgage insurance,
; if any, all as reasonably estimated initially an~l from time to time hy I.cnder on the basis of a.csessments and bills ;
~ and reasonable estimates thereof. The Fund< <hall lx~ h~l~l in an in~titution the deposits or accounts ot which are ~
~ ~.~A~A-YHI.MC-12/71-1 to 4 Family ~
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