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. 3~`~y2 This instrument w~s psepared by:
Ro]~x~ . EX~ns . Jr. .
~ Indiaa..8luer- F-ederal
MORTGAGE ~a~in~oX~l~~n Association
Ft. Pierce, Florida 33450
~ THIS MORTGAGE is made this ~ath day of _?anu~.Y,,~ , 19~,
bct~veen thc Morcgagor, ^ Samuel C. Aurilio_ and Debo~ah L. Aurilio,.._ hia wife
_ _ (hcrein "Borro~~er"),
and thc ?~iortgagec, Indian Rivcr Fcdcral Sa~~ings and Loan Association, a corporation organized
and existing undcr the laws of the United States of Am~rica, ~~~huse address is Vero Beach, Florida
~ herein "I.ender" ) . - .
WaFx~s, Borrov~er is indebted to Lender in the principal sum of Sixty One _Thousand. Five
Hundred and _ no1100 . Dollars, which indebtedness is evidencecl bv Borrowcr's not~ of even
date herew•itl~ (herein "I~TOte"), providin~ far monthl}• instt~lt~nents of princi pHl :~nci intcr~st, v~itli
tl~e balance of the indehtedness, if not sooner paid, due and payable on April l. 1997 _
- To Sgcvxs to Lender (a) the repayment of the indebteci»ess eFidenced b~~ the Note, witL intere~t
thereon, the pavment of all other sums, with interest t}iereon, ach=aiiced in accordancc herewitli to
protect the securitp of this 1liortgage, and the performance of thr. convenants nnd agree~uc~d~ of
Borro«er l~ert~in contained, and (b) the repayment of z~n~ futare ad~ ances, with interest thereon,
made to Borrower b} Lencler pursuant" to para~+rapl~ 21 1?ereof (hc~•eiu "Future rldv:i~?ces"),
Burrower does hereb~ mort;ag~e, grant ~nd conve~• to I.enc~er the follo~ving deseribed ~~ropert}~
located in tlie County of _St. _Lucie _ _ _ . _ _ . , St~te of ~`lorida:
The South 200' of Lot 175, Maravilla Gardens,~Unit 3 as recorded in
Plat Book 6 Page 62, St. Lucie County, Florida; less and excepting
therefrom the South 100' of the East 510' and the North 82' of the
East 460' and the right of way for South 7th Street;~ qNp ~~I~
Right-of-Way for U. S. Hi.ghway No.l ,(S. R. #S).
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S ~-AT~ ~~~;~:G:
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~ Toc:~Txe~ witli all tl~e impro~•ements no~~• or l~creafter erected on the propert~', ~nd ~ill easen~ents, ~
rigl~ts, appurtepances, rent5, ro~ alties, miner~l, oil flnd T~s ri~;ht~ a~ici profits, ater. ~ ater rights, `
tu~d «ater stock, and all fi~tures no~r or here~fter attt~ched to thc~ ~~ropert~•, all of «hich, includin~
repl~cen~ents and additions tl~ereto, shall be deemed ta i?e ~ind remain a part of the propertr covered
~ by this Jiortgage; and alt of the foreroin~, to~ether «~ith said properh (or the leasel~old estate
~ in the e~ent this ~iort~;a~e is on leaseholci) arn l~erein r~ferred to as the "Propert~
~ Borrower covenants that Rorrowc~r i5 la~vfulh- sei~ed of the ectate herebr conveyed and has the
~ ri~l~t to mortgag~, nrant an~l r~n~•~~- the Propert~, that the Propert~ is unencumbered, and that
~ Borro~er will warrant and defen~l ~enerallr the title to the Properh~ against all claims and demands, ~
i subject to any easen?ents and restrictions listecl in a~c~hedule ~f exceptions to cover~~e in any title
~ insurance policy insurin~ Lender's interest in the Propert}•.
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~ UNIFORl?i COnENANTS. Borro~ver and I.endee~ covenant ancl agree as follows :
~ payment of Principal and Interest. Borrower shall ~romptly pay when due the principal of snd interest
~ on the indebtedness evidenced by the Note, prepayment and late charg~ as providecl in the Note, and the princi-
~ pal of and interest on any Future Advances secured bp this ~~tortgage.
~ Z. Funds for ?ences mnd ~nsur~ce. Subject to I.ender's option under paragraphs 4 and 5 hereof; Borrower
~ shall pay to Lender on the day monthly installments of T?rincipai and interest are payable under the Note, until
the Note is paid in full, a sum (herein "Funds"1 equsl to one-t~velfth of the yeaTly taxes and assessmrnts which
~ may attain priority over this 1~'Iortgage, and ground rents on thc Property, if any, plus one-twelfth of yearly pre-
mium installments for hazard insurance, plus ong-twelfth of yearly ~remium installments for mortgage insurance,
~ if any, all as reasonably estimated initially ami imm timc to time hy I,ender on the basis of asse,ssments and bills
~ and reasonable estimates thereof. The Fund~ shall i~e held in an institution the deposits or accounts of. which ate
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FLOAIDA-~?t~~2rn-~ w . Fa~n, - ; . , Q .
6i;,:t~.~S FAGE 4Q
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