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' AND LOAN ASSOCIATION OF BROWARD COUNTY
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MORTGAGE ~ r . . ~ ~ ~
RECEIYFD !N P,1Yl~E3~i ~ TN(~ ;c..~~ -`aL~ , ; °:',~~tt
euE oM abe ~r nir~ ~tn '(SHORT FORM) s~~rE"-.;5 f~?.~z~~c
Puaxw~r ro cw~rr~x n•~s~. ~crs o~ i9 ~.(11~
~o~et PoirMs
CLERK q~plR OOURf. ST. WCIE 00~
THIS MORTGAGE is made this lOth day of October ,~9 75 , between
che Mortgagor, Nelson H. Gaunt, a/k/a Nelson Gaunt, and E. Lorraine Gaunt,
his wife. and Thomas E Chalifoux and Noella i._ Chalifoux, his wife
lherein "BoROwer"). and che Mongagee. Southern Federal Savings and Loan Association ,
of Broward County - _
a corporation organized and existing under the laws of United States of America
whose addcess is225 North Federal Highway, Pompano Beach, Flaric]a_~hcrcin ••L.cndcr"~.
WHEREAS, Bonower is indebted to Lender in the pri~cipal sum of Twenty Thousand and no/100
Dollars, v?'hich indcbtednr~s is c~•i~lcncrd b~ '
Borrower's note of even date herewith lherein "Note"). providing for monthl • instaliments ot' rincipal and interrst. w~ith
the balance of the indebtedness. if not sooner paid. due and pa~able on ~ebruarSr 15, ~005 _
TO SECURE to Lender (a) the repayment of the indebtedness e~idenced b~ the Note veith i~terest thcr~yin: Ihl thr
payment of all other sums, with intercst thereon, advanced in accordance hereN•ith to prvtect the securit~ ul' thi~
Mortgage: (c) the performance of the covenants and agreements of Borro~~er hercin contained; td1 the pcrturmanrr ul' ~!m
covenants and agreements incorporated by reference hereinto; and (e) the repa~ment ufan~ future ad~~ances. H~ith int~rc~t
thereon, made to Borrower by L.ender pursuant to paragraph 21 hereoi or incorporated by refrrence hercintu Ihcrcin
"Future Ad~ances"). Borrov?er does hereby mortgage, grant and conve} to [.ender the FoHow~ing descrilx~ci pro}xrty
located in the County of ~ St. LuCie . State of Florida:
Lot 8, Block 85, Lakewood Park, Unit No. 7,
according to the Plat thereof, recorded in '
Plat Book 11, at Page 13, of the Public
- Records of St. Lucie County, Florida.
' This mortgage is made in accordance with Construction Loan Agreement
of even date herewith, between the Mortgagee and the Mortgagor, which
; by reference is made a part of_this mortgage.
~ Notwithstanding 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 shall not exceed 10$ per annum if mortgagor be
an individual or 15$ per annum if mortgagor 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 from mortqagor or from insurance proceeds, or
because of any other reason), the full remaining balance due hereunder
, payable at any time prior to maturity shall be computed and charged so
as not to exceed the aforesaid limitations.
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_ STATE FLOR~D~.
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~ TOGC'THER with ail the improvements now or hereafter erectcd on ihc propcny. and all easrmrnts, rights.
~ appurtcnances. :ents, ro~alti~s, mincral. oil and gas rights and protits, watcr. Katcr rights, and w-atrr ~~~xk, and all
~ fixture~ nov? or hereafter auached to Ihe property, all of which, including replacem~nts and adclition~ ~hrrrtu, shall tx:
~ deemecf to t+e a~d nmain a part of thc pmperty co~~cred by this Mortgagc; and all oi~ thc ti~rr~~~in~;, tugrthcr w•ith said
E property (ur the Icasehold cstate in the rvent this Murtgabe is ~in a Icasrhald) arc hcrcin mFrrn~cl tu as thr "Prupchy".
~ ~o~ta+t~er covenants that Borruwer is lawtully sei'seci of the cstate hereby convcycd and has the ri~;ht ~a man~agr, Rrant
~ and canvey the t'roperty. th~t thr 1'ro~xrly is unencumbcr~Y1, and that Borrc~wcr w•ill w•anant and drtcnd_ gcnrrally thc
~ title.to the Property against -rll claims anJ demands, sul~jret lo any ra~emrnts and reslrictians li~ted in a srh~~citilr c~f
~ txceptions to corerage in any title insurance {wlicy insu~ing Lendrr's intrrcst in thr 1'roperty.
fLORIDA•FHLMC•SAo~I iorm•9172-1 to 1 Funilr .
~ ItF'fl11IN TO `
~ SOltT11F.RN F EItF:1tA1. ~AVINGti ANh •
IAANASti(1(:IATItINUM'JtItUWA1t1~COUNTY 8801I~ P~~~.,
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