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ChisW~ll~eata Irewls~ by:
IncYtan yfLiver--l~sderai Savinq
&---I,oa~-~-~seoc~.a~io~-----
P.O. Box 1898
MORTGAGE Ft. Pierce, Florida 33450
THIS MORTGAGE is made this ~g~ _ day of ~lv , 19?~, ~
between the Mortgagor, ~4n~ ~~.A ern D; g ri C~ n~~jlp [!'hr~i ~ti an and pji ss; enary
Allian.ce Church~ a Florida coroera~_r _(hcrein "Borrowcc"~,
and thc Mortgagce, Indian River Fedcral Savings and Loan tl.ssociation, a corporation organized
and'cxisting under the laws of the Utited States of Amsrica, whose address is Vero Beach, Florida
; herein "I.ender" ) .
Wasns~+s, Borrn~ver is indebted to Lender in tLe prinQipal sum of ~tenty-_Thousand- Four.
~~~..~~__~1pQ Dollars, which indebtedness is evidenced bv Borrower's notc of Qven
date herewith (herein'~Note"), providing for monthlr installments of principal and interest, witL
the balanee of .~he indebtedneas, if not sooner paid, due and payable on Augus.t l, 200Q ,
To $scvss to Lender (a) the repayment of the indebtedness evidenced by tLe Note, H itl~ intereQt -
thereon, the payment of all other snms, witl~ interest thereon, advanced in accordance l~erewitL to
proteet the secarity of this Mortgage, and the performance of the convennnts aiul agi•ee~ueuts of
Borrower herein contained, and (h) thc repayment of an~ future advances, with interest thereon,
made to Borrower bv Lender pursuant to paragrt?ph 21 hereof (Uerein "Future Adr~nces"),
Borrower _does hereby inortgage, grant and convey to Lender the follo~ving described propert`
located in tbe Connty of ~t ~_.~Lu~iE~ - - , State of Florida :
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~t~~~ - ~o~ - oo~.~ odo a
'The Sast ~ of Lot 2 and all of Lot 3, Block 12, Maravilla
Terrace according to the Plat thereof, recorded Plat Book 5,
Page 50, Public Records of St. Lucie,C~ounty, Florida.
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~ Toc~rg~x with all the improvemen~s no« or I~ereafter erected on the prope*tv, and all easements,
~ rights, appnrtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights,
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~ and water stock, and all fixtures now or hereafter attached to tl~e praperty, all of ~vhicl~, including .
~ replacements and additions thereto, sl~all i~ deemed
to be and remain a part of the property covered
f by this ?liortgage; and all of the foreroing, togethei• with said property (or the lease}~old estate
f in the event this ~iortRage is on a leasehold) are herein referred to as the "Properh•".
! Borrower covenants that Borrower is lawfull~ seised of the estate herebv conveped and has the
right to mortgage, ~rant and conve~ the Property, that tl~e Property is unencumbered, and that
Borrower will warrant and defencl genert~lly the title to tl~e Propert~• against all claims ancl demands,
subject to any easements and restrictions listed in ~ scLedule of exceptions to co~~erage in any title
insurance policy insuring Lender's interest in the Property.
IINIFORM COOENANTS. Borrowei• and I.endei' COVQAAIlt ATl(I BgTCC aS fO110WS : ~
l. Papm~at of Pcir~cipai aad Iaterest. Borrower shall promptly pay when due the principal 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 inter~t on snq Future Advances secured by this Mortgage.
2. Faads fos Taxss ond Iasur~ce. Subject to Lender's option ~inder parsgraphs 4 and 5 hereof~ Borrower ~
shall pay to Lender on the day monthly installmen~s of principal and interest are payable under the Note, until
the Note is paid in full, a sum (hetein "Funds"3 equal to one-t~velfth of the yearly taxes and assessments which ~
msy attain priority over this Mortgage, and gcound rents on the Property, i4 aay, pius one-twelfth. oi yearly pre-
mium installmente for haaard insurance, plus one-twelfth of yeariy premium instsliments for martgage inaurance,
if anq, all as reasonably estimated initially and from time to time by I.ender on the basis of assessments and bills
and reasonable estimates thereof. The Funds si~all 1?e l~eld in an institution the deEwsits or accounts of which ate
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