HomeMy WebLinkAbout0555 #16051-5 ~ f
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- SOUTH~~~1~I FEDEIi~AL SA`~1~TGS
AND LOAN ASSOCIATION OF BROWARD COUNTY ~ ~
~ This instrument wu prepared by:
~ STATE ~F FLO R t D A~ ~RTGAGE ~~SALYER,..,Ii~ `
DOCUMENTARY~ d.,`..~:~STAMP TAX ~
~ `Y' DEPT. OF REVENUE f' ~ AT~ORNEY AT L4W
~ _ = A46-~~~ - ~ 3 g, ~ 5 ~ (SHORT FORM) ~M
` ~ ~ _ ~ ~ANO BEACH. FIA. 33062
= ~not ~ ~
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THIS MORTGAGE is made this day of , 1 ~2~ betwcen
the Mortgagor. UQNALD E ROLFS; a s n47
e~A*' f~-_II«__E. RQlfo
lhecein "Borrower and the Mortgagee. ~ ~L ~ ~~T~'~'Y~ ~ .
BRdii~RD CO~f ' .
a corporation organizod and existing under the laws of o~ted States .
whose address is 2Z5 ~iorth Fede~al 81gh~ay• Poaopa~ Beaeh, Florida (herein "L.rnde~').
WHERF.AS. Bocrower is indebted to Lender in the principal sum of?''H?~ntY ~our Thousand Three
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Hundred Dollars. which indebtedness is evidenced by
Borrower's note of even date herewith (he~+ein "Note ptoviding for month_l~ins~a'ItRep~s ot principal and interest, with
the tialance of the indebtedneu. if not sooner paid. due and payable on J131y 1006 -
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with inte~st thercon; (b) thc
payment of all other sums. with intec+est thercon.. advanced in accordance heeewith to protect the security uf this
Mortgage; (c) the performance of the covenants and agreements of Borrower herein contained; (d) the perforn~ance of the
covenants and agreements incorporated by reference hereinto; and le) the ~epayment of any future advances. with interest
thereon. made to.Borrower by L.ender pursuant to pa~agraph 21 hereof or incorporated by reference hereinto lhcrein
"Future Advances"), Bocrower dces hereby mort~age. grant and convey to Lender the following described property
located in the County of St. LuCie ~ . State of Florida: •
Lot 8, B1oCk 345, PORT ST. LUCIE,
SBCTION TWENTY-FIVS, accordinq to
the plat thereof, as recorded in .
Plat Book 13,, p gQBa.'E~t; 32A throuqh .
32I, of the. Pub~ic `Records of St:
Lucie County, Florida:-
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l~lotwithataading au~ythfag in this mortgaqe or the note ahich it sacures to tbe contary, i
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total interest, as defined under Florida wsury laWS, due ou said obliqations shall not
esceed 10~ per ann~ if l~ortqaqor be an individnal, or 15~ per aan~ if lsortqaqor be a _
corporation, and if said note and mortqaqe do not run for the full term provided: t
therefn, (Mhether becauss of the exe~ccise by lbrtgaqee of a riqht to acce2erate, or
because of prepayments fram Mortqaqor or frca insuraace proceeds, or because of any ~
other ;eason), ths fnll remaininq balance due herevnder payable at any time prior to
m~turity shall be eomputed and charged so as Aot to sx~ceed the aforesaid limitations.
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Tt~GI;'THC~,R with all the improvements now or hereafter erected on the property. and all easements, rights.
app~ttienancas. rents. myalties, mineral. oil and gas rights aud profits. water. water rights. and water stock. and all
f:xturec now or hereafta attached to the property, all of which. including replacements and additions thento. shall be I
deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing. together with said t
property the leasehold estate in the event this Mortgage is on a leasehold) are herein refe~rod to as the "Property".
Bonower covenants that Borrower is lawfully seised of the estate hereby rnnveyed and has the right to mortgage. grant
and convey the Property, that the Property u unencumbered. and that Borrower wiil wacrant and defend generaily the
title.to the Property against all claims"and demands. subject to any easements and restrictions listed in a schedule of
e:ceptions to coverage in any titk insuranoe policy inwring Lender's interat in the Pmpsrty. ~
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FIORIDA-fMLMGShott Form-9/72-1 to 4 F~rnifr -
£ SO~THERN F'REDERAL
S
VINGS AND b00K PAI~'E V W
LOAN IATION OF BROWARD COUNTY
34~5. REV.. 4/75 PC I~~BLA~
~~3~06~
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