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315528 This instrumeat was prepared by: ~
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GE4~E KMETZ
• . - - ~ -
I~i;,r~ j~j~,F Fc•d.:ral Sa~ings
MORTGAGE "'d
2045-14th Ave. P.O: [3ox 1209
THIS MORTGAGE is made this ~ y ve Beach Florida 32960 ~
~3tb da of ~,a.,n~ 19_-~-5
between the Mortgagor, 8•~~$ B~ K' ~'i g"i fe'
- - _ (hcrein "Borrower")>
and the Mortgagee, Indian River Fedcral Savings and Loan Association, a corporation organized
and r.xisting u~der the l~~s cf the United Statrs ~f Am°rica, whosc address is Vero Beach, Florida
~herein "I.ender").
WaBxa~s, Borrower is indebted to Lender in the principal sum of s~tp _ Five_ T~o~~tu~_.
_and_no~1QQ__-------------~~~ollars, which indebtedness is evidenced by Bo~rower's note of even
date herewith (herein "Note"), providing for monthlv installments of principal and interest, witl~ ~
the balancse of the indebtedness, if not sooner paid, due and payable on . s.eRxe~ber 1, --1995
To S$cux$ to Lender (a) the i-epayment of the indeLtedness evidenced bv the Note, itL int~rest
thereon, the payment of all other snme, with interest thereon, advnnced in accordance l~erewitli to
protect the security of this Mortgage, and the performance of the eonvenants and agreenienta of
Borrower herein contained, and (b) the repayiuent of an~ future acirances, with interest th~reou,
made to Borrower by Lender pursuant to paragraph 21 hereof (hereiii "Fnture Ad~•ni?ces"),
Borrower dces hereby mortgage, grant and convey to Lender the follo~viug descri6ed property
St. Lucie---------------_----- State of Florida:
located in the County of
Co~encin,g on the West line of the Nartheast quarter of the Southwest quarter
of Sectian 26, Towaship 35 South, Bange 40 Bast, at a point of 189.95 feet
South of the NorthWest carner thereof, and thence Bast to the Indian Biver,
thence Noarthweaterly aeandering the West shore line of the Indian xiver a
distance of 102.2 feet, thence West to the West line of the liortheast quarter
of the Sauthvest quartez of said Section 26, thence South along the West line
of Noctheast quarter of the SouthWest quarter to the point of beginning; saae
beiag a part of the Northeast quarter of the Southvest quarter aad a part of
Governanent Lot 4, in Sectian 26,Townsbip 3S South, Bang 40 Bast. ~
I~ iVV J .
And Also, the South 6.1 feet~f~~he h fee of he Narth 286 feet of
Goverc~ment Loti 4, snd the South 6.1 feet of the Narth 100 feet of the North
286 feet of the Northeast quarter of the Southwest quarter, all lying and
being in Section 26, To~nship 35 South, Bange 40 Bast.
B~CBPTIIdG ~0lI, all easements far public road,. t6e Flarida Bast Coast
Sailvay aad riparian rights, and the easemeat fo~r the Intracoastal ilaterway.
, Abave described property lying and being in St. Iucie Countq, Flo~ida.
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' E ~ ~ ~i ~ I i~ ~a i ~ O.O IN PAriENT OF TAKfS
j r~t, C~ J TA R Y.r: 5 T~s M P 1 r~ x~ d DtE ON c~l?~ ~C n~r~ns~e~E P!~ry•
N ~v£hti: ,=:~i ~ w ~~••r ~ pyps,~(i TO q1APr~ Tl•13~t. J~^TS Qf 1971. yy~~
V
_ .::2;,'~. ~tY t- IIOGER POt1iN?S
_ 9 1. 5 0 1 ct~c ciwcurr aou~r, s~. w~:~E oo.. Fu
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Ta;~Fe with all the improrements no~~ or hereafter erected on the prope*t3~, and all easements,
rights, appnrtenances, rents, rofalties, mineral, oil ~nd gas rigbts and profits, «ater, ~ater rights,
and water stock, and all fixtures now or hereafter attached to the _property, all of ~vhicl~, including
replacements and additions thereto, stiall be deemed to be and remain a part of tl~e property covered
by this Diortgage; and all of the foreroing, togetlier v~itl~ said property (oi• the leasehold esfate
in the event this ~iortgage is on a leasel~old) are herein referred to as the "Propert~
Borrower covenants that Borrower is lawfullv seised of the estate hereb~ conveyed and has the
right to mortgage, grant and con~ e~• the Property, that the Propert~ is unencumbered, and that
Borrower will warrant and defend ~enerall~• the title fo tl~e Propert~ against all claims and demands,
subject to any easements and restrictions listed in n schedule of exceptions to coverage in any title
insurance policy insuring Lender's interest in the Property.
~
~ IINIFORM CO~NANTS. Borrower and I.endei• covenant and agree as followg :
l. Payment of Priacipal aad Interest. Borrower shall promptly pay when due the principal of and interest
on the indebtedness evidenced by the Note, prepavment and late charges as proviiled in the Note, and the princi-
pal of and intetest on anq Future Advances secured by this tiiortgage.
2 Fuads ~ Tmc~s aud Insnraace. Subject to Lender's option imder pamgraphs 4 and 5 hereof, Borrower
shall pay to Lender on the dey monthly installments of principal and interest are payable under the Note, until
the Note is paid in full, a sum (herein "Funds") equal to one-t~velf+h of the yearly taxes and assessments which
~ mey attain prioritq over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre-
mium installments for haaard insurance, plus one-twelfth of yearlv premium installments for mortgage insurance,
~ if any, all as reasonably estimated initially and fmm time to time by I.ender on the basis of assessments and bills
and reasonable estimates thereof. The Funds sl~all !~e l~eld in an institution the de~osits or accounts of which are
~'j,QRIDA-Pftl,l[C~-IZ/71-1 to 4 Faedb ~
a~Rx 243 PA6f
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