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SOUTHERN FEDEI~:AL SAVINGS
AND LOAN ASSOCIATION OF BROWARD COUNTY
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This inctrument was p~epared by:
~~~-J~~ MORTGAGE TNIS IhST~I':E•'~T 1','."_S °y^i?1~'~ f, t:Y
0!~ pp ~y` p~~E OF 7111Qlt DORO i Hl' A. S'
~fl'it. 1:::~~^:~; .:t l~w
n+wu~~t to ~ l~i~c (SHORT FORM) 2~~ E. ~ri;;~,.~,~ r:;~.., }
S 1 3II5 - Fi. lAU~_Ri:~.li, f A. "s~.i_a
f~LF'~II 3T. YM~~ pp~ Rll
THIS MORTGAGE is made this ' 17 day of Sp.pt~~+pr , 19~_, between
the Mortgagor. u~"'; ° T A am4 ~nd Paul W Adamt~ ~ hr~r hnahanA
(hecein "Bonower"). and the Mortgagee. SOUtherli Federal SavinQg nd Loan Asseaiati~
of Broward Countv -
a corporation organized and existing under the laws of United States of America }
v?hose address is 225 North Federal Highway, Pompano BeaCh,FlOtid~crein •"Lcnder").
WHEREAS. Borrower is indebted to Lender in the principal sum of Thlrt~j ThOU88lcld dIId ri0 100
, Dollars. which indebtedness is evidencrd by
~ Borcower's note of even date herewith (herein "Note"). prrniding for monthly installments of~ principal and intenst. H•ith ;
~ the balance of the indebtodness. if not sooner paid. due and payable on Janusrst 15, 2005 ~
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TO SECURE to Lender (a) the repayment of the indebtedness evidenced_by the Note with interest thercon; (h) thc
payment of all other sums. with interest thereon. advanced in accordance herew•ith to protect the securit~ ot' thi~
Mortgage; (c) the performance of the covenants and agteements of Borrow•er herein contained; ld) the pertorman~~c ot' thc
covenants and agreements incorporated by refere~ce hereinto; and le) the repaymeni of any future advances, w•ith interest
theceon, made to Bonower by Lender pursuant to paragraph 21 hereof or incorporated by reference hereinto Iherein
"Future Advances"). Borcower dces hereby mottgage, grant and convey to Lendec the fo11oW ing described propc~t~
~ located in the County of St. LuCie State of Florida: ~
j~ Part of the S~ of the SE~t of the~ NE~ of Section 6, Township 34 South,
,~~j Ranqe 40 East, being a parcel of land more particularly described as ~
z' ~ . follows:
Beqin at the intersection of the West R/W line of Old Dixie Highway
and the North line of the S~ of the SE~C of the NE~C of Section ~6 , Town-
ship 34 South, Ranqe 40 East, lying in St. Lucie County, Florida; thence ,
;:~~~t run Westerly on said North line a; distar~ce of 208 feet; thence run
~
~ Southerly, parallel to the West r/w line ot` Oid Dixie Hiqhway, a distance ~
~'u;4;~ N of 226 feet; thence run Easterly, parallel to said North line, a distance
z> d .
~-~~;s y of 208 feet; thence run Northerly ort~ -the Uiest r/w line of Old Dixie i
nu N Highway, 226 feet, to the point of beginning.
i, ~ . .
i~ a: d_
~U?~~%~l;~ttiii This mortgage is made i.n accordance with Construction Loan Agreement of
even date herewith, between the mortgagee and the mortgagor, which by
S Z ti Q reference is made a part of this mortgage.
~'c~~~~~Y~`f ~Notwithstanding anything in this mortgage or the note which it secures =
to the contrary, total interest, as defined under Florida usury laws,
if mort a or be
1 $ er ~annum
due on said obligation shall not exceed 0 p q g
an individual or 15~ per annum if mortqagor be a corporation, and if
said note and mortgage do not run for the full term provided therein,
(whether because of the exercise by mortgagee of a right to accelerate,
or because of prepayments fro~n mortgagor.or fram insurance proceeds, or
because of any other reason), the full remaining balance due hereunder
payable at any time prior to maturity.shall be computQd and charged so
as not to exceed the aforesaid luaitations.
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TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights.
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and aU
fixtures norr or hereafter attached to the property. all of which, including replacements and additions thereto, shall be
deemed to be and remain a part of the property covered by this Mortgage; and all of the fomgoing, together with said
property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property".
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage. grant
and convey the Ptoperty. that the Property is unencumbered, and that Borrower will warrant and defend generally the
title.to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of
exceptions to coverage in any tide insucance policy insuring Lender's interest in the Property.
FIORIDA-FHLMC-Shon Form-9/72-t to 4 f~mily
ItETURNTO r~E~Q(~~
SOUTHE~tN FEDERAL SAVINGS AND (r0~
LOAN ASSOCIATION OF BROWARD COUNTY
2?,~.N~~TR FEDERAI.MGHWAY
3 4 5~, R E`' 4' 7 5 PO~IPANaBEAeH.,Ft.oRIDA 830s2
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