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SC)U~~~~~1~T ~'EI~~I~~AL ~AVII~T~S ~
AND L4AN ASSOCIATION OF ~~OWARD CO[JNTY
This instrument vras pnp.ved by:
THIS INSTRUMENT WAS pREpAREO 8~ i•
MORT'GAGE ~ROTHY A_ SM~TH, nk,,.~,~w
, 2601 E. OAKU,ND PARK BEACH BL'rD.
. (SHORT FORM) ~ - ~DERAAIE fLA 3330f j
Ti~t[S MORTGAGE is made this 29 day of December , 14~_, t?ctwecn
thc Martgagor, paul F. Lanqham and Pearl A. Lanqham, his wife ;
i
(hc~ein •~Borru~•er"). and the Mortgagee, SQuthern Federal Savings and Loan Assoeiation of , ;
~roward C ounty ~
a carporation organizcd and cxisting under thc laws of United States af Ameriea ~ ~
225 North Federal Hi~hwa~i, Pompano Beach, Ftorida `
whc~se addmss is lhcrcin "Lcndcr")_ ~
WH1iREAS. BorroHCr is indebtcd.to l.rendcr in thc principal sum of Eighteen Thous3nd Two Hundred
alld no/100------------------------------- Dollars, w•hich indrhtcdncss is cvidcnrcci bv
Borrow•er's note of e.~en date hcreW ith lherein "Notc'7. providing for monthl~• installmenis ui' princip al and interc~t, a~ith
the balance of the indebtedness. if not sooner paid. due and payable on January 15 , 2005
TO SECURE to Lender la) the repa~ment of the indebt~^tlness evidencecf b~• the Note a•ith intrrest thrrcon: Ib) the
, pa~ment of all other sums. N~ith interest thereon. advaneed in accordance herrw•ith to pmtect thr securie~- ol' thi~
, lGtB'i~gage: (c) the prrformance of the co~enants and agreem~nts of Borrow•er hercin ca~+uained; ld) thc ~~erli~rmanrc of~ tlir `
crnenants and agreements incorporatecl by reference hec~einto; and (e1 the repa}~ment of any future ad~-ances, ~rith interc.t
thereon, made to Bo~rower by Lender pursuant 1o paragraph 21 hereaf or incorQorated by referrnce hcrein::~ ii~~:ein ~
"Future Advances"). Borcower does hereby mortgage, grant and cc~n~sr to Lender [he follou•ing describcd pm~krt~
located in the County of St. LuCie ,$tate of Florida: #
Lot 1Z in B1ock.90 of Lakewood Park
_ Unit No. 8, according to~the plat thereof,
recorded in Plat Book 11, P~ge 19, of-the
• Public Records of St: Lucie County, Florida.
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i ~ o STATE FL.QR~~,~~.1 ~ti "~a~
; ~,Z D'J`CUMEN3ARY.F-:-.`.`SIt;MP T ~•AIOI~Q1r -
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Natwithstanding anything in this mortgage or the ~ote which it secures to the contrar~,
total interest, as defined ~mder Florida usury 1aws, due on said obligation shall not .
exceed .10°Jo per annum if mortgagor be an individual or 15°~o per annum if mortgagor
~ be a corporation, and if said note and mortgage do nat rw for the full term provided
~ herein, (vQtiether because of the exer~ise by mortgagee of a right to accelerate, or
because o~ prepayments from mortgagor, or from insurance proceeds, or because
~ ~ any other reason), the full remaining bala~nce due hereunder payable at any time
~ prior to mat~ar~ty shall be computed and charged so as not to exceed the aforesaid
~ limitations. '
~ TOGFTHFR v?ith aU the improvements noH on c~rcattcr erectcd cm the pmpcrty, ancf atl cascments, ri~ht..
~ , appurtenanccs. rents, royalties, miner~l. oi) and Fas rights and protits,.waler, w~atrr rights, and w•atrr ~~~xk, anJ all
~ fiacturcs now on c~rcaftcr attachcd to the propcrty. all ui' w•hich, incfuding rrplaccmrnts and actditions thr~cl~i. ~hall t?c
~ decmcd to bc and remain a part of Ihc propertr cuvcr~Y1 by this M~~rtga~;e: •rnd all M" thc furc~oing, t~?gcthcr w~i~h said
~ prupcrty (or thr lcaxh~?Id cstatc in thc cvcnt this Murtgagc is on a Iraxhold) arc hrrcin n:fcnccf tu ac the "Pro~xny".
~
~ Iwrrower ruvcnants that Barmvvcr is lawfully srisecf of thc rctatc hcnhy ~~~mryccl and ha~ thc right ~o m~xt~;a~r. ~;rant
~ and comcy thc Pr~,{krty. that thc Pr~i~xrty is unrnruminr~Yl. and Ihal Borroa•rr Nill warrant and drlcud ~rnrrally Ihc
~ titlc to the Pro~xrty akainst all claims and dcma~ds, suhjcct to any casin~cnts and n~slricti~ms listrd in a kl?~vlulc uf
~ e:ccptions to rovcragc in any titlr insurancc ~wliry in~uring L~;ndcr's intcrcst in thc Pm~xrly.
~ fIGRIDA•FHIMGShort Fam-9l72-t lo ~ Famtly ~ , O Q ~
~t~:~,~~~ ~ 8~ 24 , 294
~ SOUTIlFItT~ F'~;I?F:ItA1.SAYINCSANn
LOAN Ati.~c?(:IATION 1)t' 11UUWAIt1l Cl~itNTY
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