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HomeMy WebLinkAbout0071 ~ ~~.f v M / 1~ • FIRST FEDERAL SAVINGS ~AND LOAN ASSOCIATION OF FORT PtERCE 04-23029034 CORRECTIVE MORTGAGE 'PI~L9 MOR'PGAGS is made thia . .21 St . . dwy of ...A~ri 1.... . . . . i91.8. . bet..ee~ the Mo~agot. JAbn .E.. .fradd.. Jr.. aad .Sandr.a. H.. F.radd,. .his .r~~fe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (herain "Borrower"~ and the Mortgagee. FIR9T P'EDERAL SAVING3 AND LOAN A3.gOCIATION OF FORT PIERCE, a oorporation organi:ed and esisting wadear the lawa of the United 3tates. whose addresa is 100 Sontti 3eoond Street~ Fort Pierce, r'lorida 33450 (herain "I.ander'7. W HsRg~+s. Borrower i. indeb to Lender in the principal aum of . Fi fty. .FOUC. T~4NSd11d. f.ive . klU4d~S~ .~Rd _ ~ . n0~1QQ--, ---~-~54,5QQtiQQ1--~s;•;-;-:~;---•~•.. Dollars. wt?ich iudebtedness ia evidenoed by Borrow~s note dated . . . . . . Apri 1. 21.. .197.8 . . . . . . . . . . . . . . . (herein "Note"), providing for monthly instsllments of principal aad ~ interesl~ with t6e balanae of the indebtedness. if not eoonet paid, due and payable on ..,lUJ~t.lA,.20Q7.......... ToSSCV~ to Leadear (a) the repayment of the indabtedness evidenaed by the Note, with intereet thereon, the pavmeat of all . other ~um~. with interest theceon, advanoed in aooord.anoe herewith to protect the secnrity of this MortSeBe. and the performanos of the oovaaants and agreemsnh of Bo:ro~ver herain oontained. and (b) the repayment of any futnre advanoe~, with intarest thereon, mads to Borrower by Leadar pu:snant to paragraPh 21 he:eof (herein "Fbtnn Advanoes'~. Bon~ower does hereby nnortBaBa Brant and oonvay to Le9nde~r the followinQ •described pmperfy located in the Conniy of . . . . . . . . . . .5~, .I.UC~@ . . . . . . . : . . . . . . State of Florida From the Southwest corner of the Southeast 1/4 of the Southwest 1/4 of the Northwest 1/4 of Section 29, Township 35 South, Range 40 East, St. Lucie County, Florida; run East along the 1/4 Secticn line 221 feet to the Point of Beginning: thence on an angle of 91°49' 04" as measured from West to North, run North 215.98 feet, thence on an angle of 80~42' as measured from South to East, run Easterly 169.03 feet, thence pn an angle of 149°49'10" ~ as measured from West to Soutf~, run Southeasterly 70.94 feet, tf~ence on an angle of 129p07'30" as measured from the Northwest through West to South, run Southerly 136.58 feet to the 1/4 Section line, thence run West on the 1/4 Section linp 221 feet to the Point of Beginning. Toqether with a 20 foot easement for ingress and egress over and upon the South 20 feet of the SW 1/4 of the SE 1/4 of the NW 1/4 of Section 29, Township 35 South, Range 40 East; and a similar easement lying and being ten feet on each side of the following described center line: From the Southeast corner of the SE 1/4 of the SW 1/4 of the NW 1/4 of Section 29, Township 35 South, Range 40 East, St. Lucie County, Florida, run West along the quarter section line ten feet to the point of beginninq; thence run North parallel with the East F line of the aforesaid SE 1/4 of ~he SW 1/4 of the NW 1/4 a distance of 94.49 feet; thence ~ on an angle of 147~36'S0" as measured from South to West run Northwesterly a distance of ~ 36.28 feet; thence on an angle of 133°53' as measured to t-he right run Northwesterly ! 129.60 feet; thence on an angle of 151°09'40" as measured to the right run Southwesterly 44.81 feet; thence on an angle of 128°33'30" as measured to the right run Southrresterly 45.55 feet; thence on an angle of 161°41'50" as measured to the right run Southerly 101.96 feet to the South line of the aforesaid SE 1/4 of the SW 1/4 of the NW 1/4 and the end of said easement.~ By agreement of Mortgagor and Mortgagee on file with Mortgagee, the within mortgage secures not only an existing indebtedness, but also ADVANCES to be HERE- ~ AFTER made by Mortgagee to Mortgagor, the aqgregate . ~ of which will equal the principal amount specified ~ in the promissory note secured hereby. ~ This is a corrective mortgage designed to-correct an erroneous legal description appearing in that certain mortqaae dated Anril 21, 1978 and recorded in ~.P.. Book 285, page 1942, of ~ the public records of St. Lucie County, Floric~a, and upon which intangible tax has been ~ paid as evidenced by receiot No. 393825. ~ which has the address of Hatcher Street, Fort Pierce, Florida 33450 : ~ ~ ~ TOGBTHERwith all the improvemente now or hereafl.er erected on the pmperty, and al} easementa~ righta, appurtenancea, ~ rente. myalties. mineral, oil and gaa righte and profite. water. water righta, and wat~ etock. and a115zturee now or hereafler , ~ attached to the pmperty, all of which. including replacemente and additiona thereto, shall be deemed to be and remain a part of the property c~overed by thie Mortgage; and all of the foregoing, together with said property (or the leasehold eetate if thia _ Mortgage ia on a leasehold) are herein referred to ae the "Property." Borrower oovenants that Borrower ia lawfully aeized of the estate hereby conveyed and hae the right to mortgage, grant and - oonvey the Property. that the Property ie unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, aubject to any declaiatione, eaeementa or restrictione liated in a schedule of exceptions to ooverage in any title insurance policy ineuring Lender'e intereat in the Property. 3 B~JOK~~ PAGE ~ FLORIDA - 1 TO 4 FAMILY-G/75-FNMA/FHLMC INnIVIDUAL _ - - - ~ = - ~ ~d~~' > ~ J'' T ~~g~f ~ ~ ~5~ ~a ~ . y :i _ ,pr? ~ss :3 ~ '