HomeMy WebLinkAbout1264 ~ ~o
. 30~882
• This inatrument wss prepared by:
C. william Lewis
" zndian ~ Kiver~ Fetteral Savinga
and Loan~ ~?aaociation
~ MORTGAGE p-o, sox ~e9a
Ft. Pierce. Florida 33450
~ THIS MORTGAGE is made this 2~~---___- day of ~1pri1 19Z~, .
between the Mor~gagor, _~.n~1S1 G. Boddv ~n~~~rr~~_K ~~cldv~his wife
_ _ . _ _ ( iterein "BorroH~er" ) ,
and the ~4ortgagce, Indian River Federal Savin s and Loan Association, a corporation organized
and existing under the la~vs of tfie United States o~ America, whose address is Vero Beach, Florida
( herein "I.ender" ) .
Wxxxs~s, Borrower is indebted to Lender in the principal sum of Twenty nine thousand
~nd _ no/~QQ--------------Dollars, which indehtedness ig c~~idenced bv Borrower's not~ of even
date here~vitl~ (herein "Note"), pro~~idin~ for monthh installment~ of principal :uul int~rest, ~ ith
tue balance of the indebteduess, if not sooner paid, due and payable on May l. 2000 :
To SECVEes to Lender (a) the repayment of tl~e inclebtedness e~~idc~uced by the Not~~~ itli i~?t~re~t
thereon, the pavment of all other sums, with interest thareon, ndvnncecl iu accurdauce h~re~ ith tu
proteet tlie securitp of this Mortgage, nnd the performance of the canveuants nnd aTr~~e~i~e~?t~ of
Borrower lierein contained, ~nd (b) tl~c repa}nnent. of .in~ futare ad~~~nce~, v+ith interest therec~u,
u~ade to Borrower b` Lender pursuant tu paragraph 21 liereof (Lerein "I+'uture a~h•tiuc~~s"),
Barrower does hereb~ mortgage, grant and conve~~ to I.ender the follo~~-ing clescril?c~d i~rol~ert~~
located in the Count~ of St._ LuCie , State of Florida:
Lot 24, Block 15, South Port St. Lucie,
Unit 3, According to the plat thereof
as recorded in Plat Book 12, ~age 4,
of the Public Records of St. Lucie County, .
Florida. 3c/~~ -S/S-O~ -O~/O
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Ta;~TSEe with all the improvement~ no~ti• or l~ereafter erceted on tlie propert~-, and ~Il easements,
rights, appurtenances, rent::, royalties, mineral, oil ~ncl ras ri~ht~ ~nd Profits, ~r~ter, Water ~•i;l~ts,
~ ~ind water stock, and all fi.r-tures nou• or t~ereafter attached to the prop~rt~•, all of ~~hicl~, including
reptacements and additions thereto, sl~all lx~ cieemed to be and remain a~xrt of tl~c propert~ covered
i U~ this ~tortga~e; and all of the fore~oin~, to~ethc~r ~rith said propert~• (oi• the lea5el~olcl estate
in tlye e~ent this liort~age is on ai leaseho}d) are herein r~~f~rred to as the "Propert~-".
Borrower covenants that Borrov?er is la«fulh- seised c~f the estate hereb~- conve}~ed and has the
ri~ht to mortgt~ge. ~;rant anci com ~Z~ the Propert~. ths~t the Propertr is unencumbered, and that
' Borrawer ~ti ill ~varrant and defend renF~r~11~ the t itl~ to the Propert~- ~rainst a11 claiin~ and demands,
suhject to an~ easesnents and restrictions listed in schrdule of exceptians to covern~e in any title
insurance policv insurin~ Lender's interest. in the Propert~.
IINIFORDi COVENANTS. Borrower and I.ender covenxnt ancl agree as follows :
l. Patyment of Psiacipal ~d Iaterest. Borrower shall promptly pay when di~e the principai of and interest
on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the princi-
pal of and interest on any Future Advances secured by this ~'[ortgsge.
Z. Fuads for Taxos and Insur~ce. Subject to 1.ender's option nnder paragraphs 4 and 5 hereoi, Borrower
shall pay to Lender on the day monthly installments of 1~rinci~ial and interest are rayable under the Note, until
the Note is paid in full, a sum (herein "Funds"1 equal to one-t~velfth of the yearly taxes and assessments which
mey attain priority over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre-
' mium instailments for haaartl insurance, plus one-twelfth of year{v premium instaliments for mortgage insurance,
if any, all as reasonably estimaied initially anci from time to time by I.ender on the basis of assessments and bills
and rnasonable estimates thereof. The Funds ~hall I,e i~cld in an institution the deposits or accounts of which are
FLOAIDA-FHI.~?5~12/71-1 a 4 Famits BOOK~t~ PACE~~~~
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