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Thi inatrument was prepated by: ~
Ro~ert J. Evans, Jr.
In~an ~iver F€deral Savings '
& an socia ion ;
P. O. Box 1698 ~
MORTGAGE Ft. pierce, F1oQ ida 33450 '
THIS ~TORTGAGE is ~nade this _ 18th ~~ay ~f _ December _ ~g_ _Z,~, ~
behvccn thc Mortgagor, _ June C. Barber - ~
_ _ _ - _ _ _ - - - - - - - _ ~ hc rcin "Bc~rrotiver" ) ,
and the 1-i~rtgagee, Indian River Federal Savings and Loan Assc~ciation, a ~orporatian organir.ed
and existing under the la~~•s of the United States of America, ~vhose address is Vero Beach, Florida
~ herc in "I.ender"-) .
1~~IiF.REAS~ Borrow er is indebted to Lender in the principnl sum of Seven Thousand Five
Hundred_ Dollars, which indebtednc~ss is evid~ncc~d h~• Borro«•er's not~ of eve»
dt~tc here~~itl~ (herein "I~ote"), pro~~iding far monthl}• instnllmrnt~ of pri~icip~l ~ui~l intc•rc~tit, ~itl~
the balance of the indebteduess, if not sooner ~Hid, due iincl pavable on January 1, 1986 ; ~
To SEe~~KE to I.ender (a) the repayment of th~ indebtednes~ evide~~~•ed i?}- tl~e \ot~, ~~itli iulc~r~~~1
thereou, the payment of all other sums, witit interetit tliereon, ad~•aucecl in iiccordanre her~~Hith to
protect the securitv of this ~iort~a~e, nnd the performancr of tl~e com•en~iuts ~~id arr~~cuic~iit. of
Bor~'ONCl• lierein contained, and (b) the re~?ayil~ent of ;u?}• future adrance~, ~~•ith iutere~t th~~reou, -
~~~a~le to Rorrower b} Lender pursuant to pxragca~?i~ ~l hereof (l~~rein "Future 11ci~•.u?~e~"),
Rorro~ti~er does hereb~ mortnage, grant :u~~l con~•e~• to Lend~•r th~~ follo~~•iug de~crihc~cl ~~ro~iert~~
located in tl~e County of ._.&t. LuCie _ , Sitite of ~~lori~l~t :
Lot 1, Block 4, Indian Hills Estate, according to the plat thereof
as recorded in Plat Book 10, Page 32 Public records of St. Lucie
County, Florida.
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:~x:~Tns~~ ith ~11 the improvc~mentc no~r or l~ere~ifter c~rc~eted on tl~e prope~•t~•, and ~ili easements,
ri~hts, appurtenances, ~•ent~, ro~altie~, miner.~l, ~?il and ~,as ri~?hts ai?d ~~rofits, ~~•atei•, ~~•ater ri~hts,
~ ~u?d Hater stock, and all fixtures no~~- or liereafter att~irhe~l to th~• propert}•, all of «•hich, includin~
~ replacc~n~ent~ ~nd ldditions tl~ereio, ~}~all h<~ deemccl to h~• .~nd reniain a part of the propert~• covered
b~• this ~tortga~e; and ail of the foregoin;, to~c~th~~r t~•ith said propert~- (or the l~nsel~old estate
in the e~ent thi5 ~iort~a~~ is on s~ 1~asehold) ~re herein rc~ferred to a~ the "P2•opert}•".
Rorrower covenants that Rorro~~-~r is la~~fnlh• ~ei~e~l of th~ estatc~ hereb~- ~onve~1ed alid has the
ri~ht to mortg~ge, ~r~nt an~l e~nrc.- th~ Properti•, th~t th~ Propert.~- is unencumbered, ancl that
~ Borro«er will ~varrant and defen~l s;~ner~ilr th~ title to the Properh- ~~ainst <<11 clai~~~~ ~nd demands,
~ subject to an~• easements and restriciion~ li~tei) in u s~hedtil~• of e~c~e~tions to co~-er~~,r~ in an~- title
~ insurance polic~• insurin~ Lencier's interest in th~~ T'ropertti.
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UNIFOR11i COVENANTG. Borro~~er and I.ender co~~en~nt ~uxl agree us follows:
1. Paymeat of Principal ~?d lnterest. Borrower ~hall rromptly pay when due the ~rincipal of and interest
~ on the indebtedness evidenced by the Not~, prepayment and late charges as providect in the Note, and the princi-
pal of and interest on any Future Advances secureci b~ this ~tortRage_
2 Fuads ~or Taxes and Insuramce. Subject to I.en~ier'~ oPtion ~mder paragraphs 4 and 5 hereof, Borrower
shall pay to I.ender on the day monthly installment~ of ~~rincipal and interest are hayable under the'Note, until
the Note is paid in full, a sum (herein "Funds"1 eryual to one-t~velfth of the yearly tax~ and assessments which
msy attain priority over this :4tortgage, and gmun~l rents on thc Property, if any, plus one-twelfth of yearly pre-
mium instaUments for haaard insurance, plus one-t~velfth of yearly rremium installments for mortgage insutance,
if any, all as reasonably estimated initially and from time to time hv I.ender on the basis of assessments and bills
and rea¢onable estimate~ thereof. The Fund~ ~hall ix~ held in an in~titution the ~ieposits or accounts of which are
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