HomeMy WebLinkAbout0387 ' , This Instrument Was Prepared By: S~f' ;
FIRST FEU~RAL SAVlNGS AND LOAN /
ASS(~IATIUN UF MARTIN COUNTY
_ 989 South Federal Highway, Stuart. Fla. :
. . sy: Debra A. Sigafooae ; .
4~.~,j~~s #2001826 (2) ~ ;
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MORTGAGE ~ `
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~ THIS MORTGAGE is made this 3~h day ~of MaV i
19 78 , between the Mortgagor, ALSERT E. SCHAERER and INGE L. SCHAERER,
e eea ' (
(herein, "Borrower"), and the l~tortgagee, First Federal Savings and Loan Association of Martin County. j
a corporation organized and existing under the laws of the United Staces of America, whosc address is ;
989 South Federal Highway, Stuart. Florida (herein "Lender').
WHERF.AS, Botrowet is indebted to Lendtr in the principal sum of TWENTY ONE THOUSAND `
~TX NTirTflRFn ANi] Nn~l00ths----------nollars. which indebtedness is evidenced by Borrow-
er's note dated A~,ay 30,19Z~ (herein "Note") , providing Eor inonthly installments of prin- ~
ci 1 an~ in~e,~t, with the balance of the indebtedness, if not sooner paid. due and payable on '
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To SECUxE to Lenda (a) the repayment of the indebtedness evidenced by the Note. with interest
ehereon. the payment of all other sums, with intenst thereon, advanced in accordance herewith to prot,ect
the security of this Mortgage, and the perfornaance oE the rnvenants and agreements of Borrower herein
concained, and (b) the repayment of any future advances, with interest thereon. made to Borrower by
Lender pursuant to paragraph 21 hereof (herein "Future Advances") , Borrower does hereby mortgage,
grant and convey to Lender the following described property located in "the County of ~eie ~
State .of Florida: -
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Unit 13, Tract No. 2 amended Plat Plan of VILLA DEL SOL, a Condominium, i
according to the Plat thereof recorded in Condominium Book 1, Page 6 through ~
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10 of the public records, St. Iucie '~ounty,. Florida. ;
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The failure of the mortgabor herein to comply with and abide by, and to pay all ~
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the assessments required of said mortgagor when due, pursuant to the Declaration ;
of Condoxninium of Villa Del Sol, as aforedescribed and on exhibit attached thereto, ~
shall constitute an event of default under this mortgage. ~
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~ . . • ~ ~n Psyrt~snt ot Taxss ;
~ Rsce~ved •
. oup On Class ..C•. tntanp'~bls PersonalPropsrlY.
; ou~suam To Chapter 71.134. Acts Of 1871•
E . ~ R~GER POITAAS
' - ~ie•k C~rcuit Court. S~ L~ucis. Co.. Fl~.
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Villa Del Sol 4-H, Route # 2 Jensen Beach ~
which has the address of . . ~
' [S~eeU [Ot~l 3
Florida 3345? (herein "Property Address") : ~ ' '
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Toc~A with a1L the improvements now or hereafter erected on the property, and all easements, `
~ rights, appurtenances, rents, royalties, mineral, oil and gas rights and profita. ~vvacer, water rights, and
-water stock, and all fixturea now or htreafter attached to the property, all ~ of which, including . replaco-
ments and additions thereto, ahall be deemed to be and remain a pan of che property covered b~r this _
Mortgage; and all of the fortg~oing. together with said property (or the leasehold estate if this Mortgage
~ is on a leasehold) an herein referrtd to aa the "Property". -
Borrower covenan~s that Borrower ~s lawfully aeised of the estate hereb' conveycd and haa ihe right
to mortgage. grant and conveq the Property, that the Property u unencumbered, and that Borrower v~nll i
warrant and defend grnerally the tide to the Property again~t all claims and demands, subject to anq ~
~ declarations, eaxments or restrictiom listed in a Khedule of exceptions to coveYag~e in any title iraur-
anoe policy insuring Lender'a interest in the Proptrty. °
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