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SOUTHERN FEDERAL SAVINGS
AND LOA.'~1 ASSOCIATION OF BROWARD COUNTY
~ TAT E fl F F~ 0 R I~~ This instrumcnt was prepand br:
?7CUMENTARY ~ -~STAM~ TAx , ~ • , _
'rI OF REVENUE ~l MORTGI~GE ~ ~ ~
_ _ ~ ~6 ~ ; 3 I. 2 0 ~ = . ~ _ . . : . , ~ ~
- e4. _ ~ (SHORT FORM) Su~rE t~ ,.~.~s~~ :a_o~ ~
~~:et
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THiS MOP.TGAGE is made this $th day of Avril , ~q 75! between ~
the Moccgagor, Thomas E. Chalifoux and Noella L. Chalifow:, his wife ~ ?
(hecein "Borrowei'), and che Mor~gagce, southern Federal Savinga and Loan Association of ,
- Broward County - ~
a corporation orga~ized and existing under the laws af United States of America ~
vr6ox address is 225 North Federal Highway, Pom no Beach. Florida (hcrein ••Lrndrr"?.
W~{ER gp~p
wer is indebted to Lendet in the principal sum of ~entv Thousand Eiqht Hundred
and IlO~dO---~-------------------------- Dollars, vehich indebtedn~sa is cvidcnrcd b~ ~
Bacow~e~ s nate of even date hercwith lherein "Note"), providing for monthly instaliments ot' Qrincipal and interr~t. v?~i~h
t~e balance of the ir~debtedness. if nut sooner paid, due anc} payable on ~a~ys~.~T ~
TO SECURE to Lender ta) the repayment of the indebtedness evidenced by the Note v?ith interrst thcny~n; ihl thr ~ ~
pa~Tnent of all ott~er sums, with inteoest thereon, advaneed in accordrnce hereK•ith to protect the u~urit~~ ~~t' thi~ ;
Mortgage; (e) the performance of the eove~ants and agreements of Borrow•er herein contained; ldl the ~xrfurmanre c~i~ the
eovenants and agreements i~eorporated by rettrence heceinto; ~nd le1 the repa~ ment ut~ any future advances, a~ith inten~t
the~eon, made to Bonow•er by Lender pursuant to paragraph 21 hereof or incorporated by retirencn c~rcint~~ Ihrrc~n t
"Future Advances"). Borrowe~ does hereby mortgage, grant and con~ey to Lender the follov?~ing descritx~d pn?}krt~ ~
located in the Co~nty of St. Lueie State of Florida: . ;
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Lot 26 in Block 39 of Lakewood Park Unit 4, ~ t
~ accordinq to the plat thereof, recorded in . ' ;
- Plat Book 11, Page 2, of the Public Records s
of St. Lucie County, Florida. ~
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U~E^Di'lLY ° ' ~1 ~ i~' V - ~ ~ C . C~~/ ~'C .
RECEIYED 1!E P1IYMENT OF TAXF~
C L~ O Ol~ ON pASS IIfTANGIeIE rER90NAl PtlOPERTr ~
~ '.'y PURSUANT TO CFIAPTER 71•13t. ACiS aF 1971. ~
i ~j • I~fR POITRAC ~7~1~ i
C~fmc GaCun ou,~et st. ~~x;~E Qp, ~ ;
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This mortgags i~ made in accordance with Construction Loan Agreement of even ~
date herewith, between the mortgagee and the mortgagor, which by reference ~
~ade a part of this mortgage. `
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Notwithstanding anythsng 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°~o per annum if mortgagor be an individual or 15°Jo per annum if mortgagor '
! be a corpora~ion, and if said nate and mortgage do not run for the full term provided
~ herein, (whether because of the exercise by ~nortgagee of a right to accelerate, or
because of prepayments from mortgagor, or from insurance proceed~, or because f
of any other reasan), the full remaining balance due hereunder payable at any time :
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prior to maturity shall be computed and charged so as not to exceed the aforesaid ~
limitations. '
TOGETHFR with all the imprrnements now or hereafter erectcd on ihe praperly. and all eascments, riuhts.
appurtenances, rents. ~o~aities. minerai, oit aud gas rights and pmlits. v?ater, water riKhts. and Natrr +t~xk. .~nJ ati
fixtures naw on c~reafter attached to the pruperty, all of vrhich, inclading rrplacememc and adciitions Ihrrclu, shall bc
I detmed !o be and remain a part of the property corcrcd by this~Morega~;r: and alJ af ~he fi~rc~~~in~;. 1u~rthrr Nith said
property lor the leaschold c~tate in tfie even~ this Mortgagc is on a Icasch~~ldl arc hrrcin rrfrrn~d tu a~ thr "1'ro~xrt_r".
So~roa~er corenants that t~orcowrr is laN fuliy seiscd of thc ~~state hrrcby rnnvcycd and hac thc re}~ht to m~~rt~;a~;r, grant
aod com•ry the Propc~ty. ~hat thr Proprtty is uncncuminnYf. and that B~irr~w?rr vrill w•arrant and drlind ~;rnrrally thr
titir.to the Property a~ainst al{ cfaims and dema~ds, suhjcct Ib any caunirtils atxl r~~+trirtionc li+t~~t in a xli~~:ule af
exceptions to coverage in any ti~le insurance pc?licy insuring Lencfer'~ intrrrs! in thc Pn~cr1Y. ~
FLORIaA•fHLMC-SAwt Forn~-9172-1 !0 1 F~mHY . `
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