HomeMy WebLinkAbout1690 ~~~5 ~ ~ ~
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Thie in~lrume~t wsa prep~red by:
8111 Le~~is._ _ • :
Iadian..River--.8$deral `
MORTGAGE savings and Loan Assoc .
P. 0. Boa 1898-Ft.Pierce,Fl.
THIS MORTGAGE is made this ~h_ day of _July ~ ig 7~,
bet~vecn the Mortgagor, _~3~S~s Ps Wheeler~ ~L_ and Barbara . Whp.~ler F..
his wife_,____ - _ _ _ (hcrein "Borro~ver"),
and the Mortgagec, Indian River Federal Savings and Loan Association, a corporatio~ organizcd
and existing under the la~vs of the United States of Am~rica, whose address is Vero Beach, Florida
~ herein "I.ender" ) t
WH~Bx~s, Borrower is indebted to Lender in the principal sum of $7, 500.00. _
Dollars, which indebtedness is evidenced by Borrower's note of eveie
date herewith (herein Note"), providing for monthl~ installmentx of principal nnci interest, v? itli
the bnlance of the indebtedness, if not sooner paid, due and ~~ayable on Augus.t 1, 1980 ;
To SEC.vRS to Lender (a) the repayment of the indebted~iess evidenced b~~ tLe ;~TOte, ~vitL iut~i•~tit
thereon, the payment of all other snms, with interest therean, ach•nncc1d in accordance l~e~•ewitL to
protect the security of this Mortgage, and the performance of the convenanis ancl a~reen~ent~ of
Borrower herein contained, and (b) the repayment of ~un future advances, with iYeterest thereou,
made to Borrower by Lender pursuant to pttragrapl~ 21 liereof (l~erein "Future Ach•ances"),
Borro~ver does hereby ~nortgage, grant and convey to I.endei• thc follo~~~ing described prc,l~ert~
located in the County of . ___St. I.tl~.~~_ _ _ _ _ _ _ , State of ~`loricla:
~ 3yao-s~s-o~6a-oo~ .
Lot 13, Block 544, Port St. Lucie Sectian Eighteen as recorded in
Plat Book 13, pages 17 A-K of the public records of St. Lucie
County, Florida. . ~
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ROGER POITRAS
CLER!( CINdiR OOURT, ST. UlC~E 00. Flll r
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Tcx;FTxFr~ with all the impro~ ement~ no~~- or l~~reafter rrected un the prope~•tt•, and ali easements, ~
rights, ~ppurtenances, rents, ro~alties, mineral, oii ~nd ~~s right~ and Profits, ~rater, water ri~hts, ~
~ and ~~ter stock, ~nd all fiatures no« or liereafter att~ched to the propert~, all of ~tihicl~, including ~
~ replacen~ents and aclditions tLereto, shall bc~ deemed to be nnd remain s~ part of ti~e property corered
b~ this Mort.gage; and all of the foreaoin~, torether with said properh (or the Ieasel~olcl estate
~ in tlie event this \iort~aac is on ti le~sel~old) are herein referred to as the "Propert~ f
~ Borrower covennnts that Rorro~•er is la~~~full~~ sei~eci of th~ estate hereb~ con~•eved and has the
= right to ~nort~ag~, drant Rnd cmn-e~• the Propert~, thnt th~ Propertr is unencumbered, and that
~ Borrower will ~varrant and defend ~ener~ll~~ thc~ title to thc Propert~- against all claims anc] demands,
` sulyaect to anS easements and restriction~ listed in a scl~eclule of exceptions to cover~~e in any title
~ insurance policy i~~suring I.ender's interest in th~ Property.
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~ UNIFORM COVENANTS. BOI'tOWCI• and I.ender covenant and agree as follows :
1. Pccyment of Principal ~d Interest. Borroaer shall promptly pay when due the principal of and interest
~ on the indebtedness evidenced by the Note, prepavment anci lute charges as provided in the Note, and the princi-
~ pal of and interest on any Future Advances secured by this Z1ort.gage.
~ Z. Funds ~or Taxes ~td Insur~ce. Subject to i.ender'~ option iinder paragraphs 4 and 5 hereof, Borrower
~ shall pay to Lender on the day monthly installments of ~~rincipal und interest are payable under the Note, until
~ the Note is paid in fuil, a sum (herein "Funds"1 equal to one-twelfth of the yearly taxes and assessments which
~ may attain priority over this 14lortgage, and ground rents on thc Property, if any, plus one-twelfth of yesrly pre-
~ mium instaliments for hazard insurance, plus one-tweffth of yearl}• nremium instt~llments for mortgage insurance,
if any, all as reasonably estimated initiaUy and from time to time by I.ender on the basis of assessments and bills
~ and reasoneble estimates thereof. Thc Fundc al~al) 1?c lield in an institution the deposits or accounts of which are
~ FLOAIDA-r~a-~:n~-~ to s Faeu, U R
~ _ aoox ~42 Pac~ 1692
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