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SOUTHERN FEl)EI~;AL SAVINGS
AND? LOAN ASSOCIATION OF BROWARD COUNTY
~ Thi~ instrument was prepared by:
~S ~ II~ MrMENT OF TAl(F'~ T!i!S IN57RU'•-,'T v: ;S ^R~~ n;•v
~ ~ ~ ~ ~ ~~r. MORTGAGE , _ : , _ . - .
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aerc o~eat oou~ aa, ~ (SHORT FORM) s . r
THlS MORTGAGE is made this 19th day of September , ~ ~tween
the Mortgagor, Robert D. Greenwood and Helen S. Greenwood. his wife
(hetein •'Borrower"). and the Mongagee, Southern Federal Savin~;s and Loan Associatiun of ,
$r ward C~un~~_
a corporation organized and existing under the laws of United States of Ameriea
whose address ;s 225 North Federal ~Aighway, Pompano Beach, Florida (hcrein ••L~:nder"?.
W HEREAS, Bonower is indebted to Lender in the principal sum oF TWenty-nine Thousand Six Hundred
and no/100----------------~-----------------Dollars, which indebtedness is e~idenrcd b~
Borrower's note of even date herewith (herein "Note"), providing for monthiy inst tlments o in a' nd i~terest, w•ith
the balance of the indebtedness. if not sooneR paid, due and payable on .~anuarq ~BU~
TO SECURE to i.ender (a) the repayment oi the indebtedness evidenced by the Nate v?•ith interest thercon; Ihl thc
payment of ali other sums. wilb interest thereon. advanced in accordance herew•ith to protect the security ot~ thiti
Martgage; (c) the performance of the covenants and agreements ot Borro~ver herein contained; ld) the perfbrnianre of thc
covenants and agreements incorporated by reference heminto; and (e) the repa~ment ut~any future ad~~ances, w~ith interc~t
thereon, made to $orrower by L.ender pursuant to paragraph 21 hereof~ or incorporated by reference hereintu lhercin
"Future Ad~ances"), Bottower dces hereby mortgage. grant and convey to Lender the follov?ing described property
located in the County of St. Lueie , Statc of Florida:
v
Lat 30, Block 20, I.~AKEWOOD PARK UNIT NO. 3, u,~
according to the Plat thereof, recorded in Plat Book
10, Pages 63 and 64, of"the Pub~ic R,iecords of
St. Luc ie C ounty, F lor ida .
This mortgage is made in accordance wi#h Construction Loan A~reement of even
date herewith, between the mortgagee and the mortgagor, which by reference is
made a part of this mortgage.
Natwithstanding anything in this mortgage or the note which it secures to the contrary,
total interest, as defined under Florida usury laws, due on said obligation shal! ~ot
exceed 10% per annum if mortgagor be an individual or 15% per annum if mortgagor
be a corporatioci, and if said note and mortga~e do not run far the full term provided
herein, (whether because of the exercise by mortgagee of a right to accelerate, or
because of prepaymerits from mortgagor or from insurance ~proceeds, or because of
any other reason), the full remaining bal,ance due hereunder payable at any time
prior to maturity shall be computed and charged so as not to exceed the aforesaid
limitatiacis! Q - I
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TOGE'THER 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 all
fixtures now or hereaRer attached to the property. all of which, including replacements and additions thereto, shap be
deemed to be and remain a part of the propeNy covered by this Mortgage; and all of the foregoing, together with said
property lor the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property".
Bonower covenants that Borrower is lawfully seised of the estate hereby rnnveyed and has the right to mortgage, grant
and convey the Property. that the Property is unencumbered, and thai Borrower wi!! warrant and defend generally the
titte.to the Property against all claims and demaads, subject to any easements and restrictions listed in a schedule of
exceptions to coverage in any title insurance policy insuring Lender's interest in the Property.
FLOFi10A-FHLMC-SAwt Form-9172-1 to ~ F~mity
RETURN TO g~K 244 P~ z84
~ SOUTNERN FEDERALSAVINGS AND
LOAN ASSOCIATION OF BAOWARD COUNTY
225 NO~tTA FEDERAL ~GHWAY
3 4 5 5, R E V., 4~ 75 PObtPANQ BEACH. FI:ORIDA 330B2
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