HomeMy WebLinkAbout1999 i~~~-
Thts Instrument Pret'are~ Y' a r~c!a . ~ r
~awyerS Tills Insurance CorpuraGon, Trt1e ;i~~Ur,!y
B~j pivision, Box 486. Vero [)Each, Flonda, in cun-
~ ~ ~ ~ ~ ~ O niction with issuance of a tips insurance policy.
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~ ~ MORTGAGE
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THIS MORTGAG> is made- this I.a ...................day of '
19~~, between the Mortgagor, Forty . Inc.. a. Florida. .Corporation . . . .
. . (herein "Borrower'"), and the Mortgagee, Indian River Federal
Savings & Loan Astiociation, a corporation organized and existing under the laws of United States of America,
whose address is Vero Beach, Florida ~ herein "Lender") .
Wtt ~tr~s, Borrower is indebted to lender in the principal sum of. TWentx,Two, ThOUSand, Eight ,Nyp(1~d
dnd 00~ I W---------------------------------dollars, which indebtedness is evidenced by Borrower's
note -dated . .~.a~~ . I q ~ . (herein "Note"), providing for monthly installments of principal and
interest, with the balance o he indebtedness, if not sooner paid, due and payable on. January ,1 ,.1999 , , , , , , _ .
To St:cuttE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the
payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
Mortgage, and the performance of the covenants_and agreements of Borrower herein contained. 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 herb mortgage, grant and convey to Lender the following described property
located in the County of..... St.. LuC~~, , , , , , , , , , , , , , , , , , , , , State of Florida:
Begin at the intersection of the East right-of-way line of South 39th Street
(50 feet wide) and the North right-of-way line of Harvey Avenue (50 feet wide)
which point is 25 feet East and 25 feet North of the Southwest corner of the
NEB-, of the NW4 of the NW4 of Section 20, Township 35 South, Range 40 East.
From said point, run North along the East right-of-way line of South 39th Street,
208.90 feet to the point of beginning; thence continue North along the East
right-of-way line of South 39th Street 104.46 feet; thence East 140.feet; thence
South 104.45 feet; thence West 140 feet to the Point of Beginning.
Said parcel is~the same as Lots 5 and 6 of a certain unrecorded Plat of the NW4
of the NW4 of Section 20, Township 35 South, Range 40 East, prepared by J. W.
Whitice, County Surveyor,
2420-221-0009-000 /8 ~ - ~ T T - ~ ~ r` r ~ ' ' ~
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which has the address of...... ?306. South .39th. Street, , , ; , , , , , , , , ~Q~'t Pi,~r~Q,.......... .
[scnet] [c~bl
a Florida
. (herein "Property Address");
t5tete and Zip Code]
TocETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all
fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be
Y deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said ~
- property (or the leasehold estate if this Mortgage is on a leasehold) are herein referred to as the "Property".
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage,
grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend
generally the title to the Property against all claims and demands, subject to any declarations, casements or restrictions
listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property.
FLORIDA-] to 4Family-6(75-FNMAIiHIMC UNIFORM INSTRUMEIIT G R 3U1 1'[1994 ~Ri-iORM 291-5-77.VRt•
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