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MORTGAGE Vtr° t~,h. FWnda 32960 •
THIS MORTGAGE is madc this 2i~t _ day of _ october ~g_7~,
bct~vicen thc Mortgagor, ~~_L- ~s md -Fln-~
o- IBilI3.,_.hia_xifa.r--
_ _ ~ (herein "Borrower"),
and thc Mortgagee, Indian River Fedcral Savings and Loan Association, a corporation organized
and existing u~der the laws of the United States of Am~rica, whose address is Vero Beach, Florida
( her~in "I.ender" ) .
W~x~r?s~ Borrower is indebted to Lender in the principal sum of ~.L~ • S'EI4USAND _ AND NQ/1Q0
ollars, w~ich indebteduesa ie evidenced by Borrower's note of even
date herewitL (herein "Note"), providing for monthlp installments of prineipal a~id interest, vvitli
the balanoe of the indebtednese, if not sooner paid, due and payable•on N~~~...~. _~9~0. ;
To 88cva$ to Lendar (a) the repayment of the indebtedness evidenced b~• the Nate, witl~ interest
thereon, the payment of all other sums, with interest thereon, advanced in aceordance l~erewitli to
prote~t the secarity of this Mortgage, and the performance of the convenants and agreen~ents of
Borrnwer herein contained, and (b) the repayment of any future advances, with interest thereon,
made to Borrower by Lender purauant to paragraph 21 Loreof (Lerein "Futnre Ad~~ances"),
Borrower dces hereby mortgage, grant and convey to I.ender the follo~~ ing described propert~
located i~n the Connty of -----------5~~.--Iii~B , State of Florida :
Lota 22 and 23 of Block S1. according to Piat of nZLTl~ORS PARK,
a subdivisioa in the City of Ft. Pierqs, filed in Plat Book 6.
page 52, Public recozds of St. Lncie Coiantq, Florida;BR~.BPTING
from said Lots 22 and 23 that portion of said Lots 22 and 23
lying South ~d Weat of a line dram parallel to the Northeast ~
line of aaid Lots aad 150 feet South~+~est of said Northeast liae.
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Toc~rHES with all tLe improvements no« or hereafter erected on the prope*ty, and all easements,
rights, appnrtenances, rents, royalties, mineral, oil and gas i•ights and profits, water, ~ater rights,
and water stock, and all figtures now or hereafter attached to the property, all of ~vhich, including
replacements and additions thereto, shall be deemed to be and remain a pai•t of the property covered
by this 3iortgage; and all of the foregoing, to~ether witli said properh (or the leasehold estate
in the event this liortgage is on a leasel~old) are herein i•eferred to as the "Propert~
Borrower cavenants that Borrower is lawfnll~• seised of the estate herebt~ conveped and has the ~
right to mortgage, grant and conve~~ the Property, that the Property is unencumbered, and that
Borrower will warrant and defend ~ererally the title to tlie Propertr against all claims Rnd demands,
subject to any easements and restrictions listed i~i a schedule of exceptions to coverage in any title
insurance policy inauring Lender's interest in the Property.
IINIFORM COVSNANTS. Borrower and I.ender covenant ancl agree as. follows :
l. Pa7Ra~nt a~ Priacipal amd Interest. Borrower shall promptly pay when due the principal of and interest
on the indebtedness evidenced by the Note, prepapment and late charges a.4 provided in the Note, and the princi-
. pal of and intereat on any Future Advances secured by this Mortgage. ~
2 Fimds for ?ax~s ~d Iasur~ce. 3ubject to Lender's option under paragraphs 4 and 5 hereof, Botrower
shall pap to Lender on the day monthly installments of principal and interest are payable under the Note, until
the Note is paid in full, a sum (herein "Funds") equsl to one-tcvelfth of the yearly taxes and asaessmente which
may attain priority over this MorEgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre-
mium instalimente for'hasard insurance, plus one-twelfth of yearly premium instalimenta for mortgage inaursnce,
if anq, all as reasonably estimated initisily and from time to time by I.ender on the basis of asaessments and bills
and rEasonable estimatea thereof. The Funds shall be held in an institution the dePosits or accounts of which are
~~A-~,~-, a. F,~, ~ a~x 245 P~ 934
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