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USDA-FmHA ~ Pbsirion s~ t~ ~ 3 'J
Form FmHA 427-1 FL TM form of this Ihft • ~t was dr~} a ~ 43.2235
(Rev. 2.1 S•78) cr.n.?ai counui or tr~~od statMT9~+a+i t nyricua
• tun, Washington, O. C., and tM matNiil in th• blank sPa~s
iA tM form was Ngart~d b!1 or urww the dkKtbn of
t,g r~~ ~ t .~roor8fjt~1 9f Ft oriels.
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• REAL ESTATE MORTGAGE FOR FLORIDA
" ~
THIS MORTGAGE is made and entered into by
WILLIE CIAVER, JR. and JANICE CLOVER, his wife P-
residing in St. Lucie ~ County; Florida, whose port office addreu
" ~ 1400 North 39th Street Ft. Pierce ,Florida 33450
the mortgagor(s), herein called "Borrower," and the United States of America. acing through the Farmer Home Admin-
istration, United States Department of Agriculture, the mortgagee, whose prindpai office is located in Washington, D. C.;
herein called the "Government," and:.
WHEREAS Borrower is justly indebted to the Government as evidenced by one or more certain promissory npte(s) or
assumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order of the
Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by
Borrower, and is described as follows:
Aratual Rate Due Date of Final
Date of Instr>vment Principal Amount o Interest - Installment t
i i
Febrttarq 6, 1979 $2,500.00 8 3/4X Februarq 6, 2012 °
A•ceired t I
~ n Payntectt OI Tastes
~ Due On Class "C" IntattQ~lePNSIOnNPropiRtF,
aureuant To Chapter 71,134. Acts Of t~'11.
ROGER POITAA3
~ tterk Clreult Cetrt, t~ueM, Co., tole. "
And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the
payment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949; {
And it is the carpose and intent of this instrument that, amon other things, at ail times when the note is held by the
Government, or to the event the Government should assign this insgtrument without insurance of the note, this instrument
shall secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment of
~ the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage to
secure the Government against loss under its insurance contract by reason of any default by Borrower:
And this instrument also secures future advances made within twenty (20) years from date hereof to anyone ,herein
called Borrower when evidenced by a note or notes covering loans made or insured under Subtitle A of the Consolidated
a Farm and Rural Development Act or Title V of the Housing Act of 1949, provided the total principal indebtedness of the
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original and future loans shall not exceed f ~.}SQO ~ ,subject to the same_ terms and condition regarding
- the assignment of said notes hereinabove provided and all references in this instrument to the "note" shall be deemed to
include future notes.
Nn\V, THEREFnRE, in consideration of the loan(s) and Via; at all times when the note is held by the Government, or in
the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt x
~ "payment of the note and any renewals and extensions thereof and any agreements contained therein, including any provision ;
for the payrnent of an insurance or other charge, (b) at all times when the note is held by an insured holder, to secure
performance of Borrower's agreement herein to indemnify and save harmless the Government against loss under its insurance ~
contract by reason of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all i
advances and expenditures made by the Government, with interest, as hereinaker described, and the performance of every ~
covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant,
bargain, sell, convey, mortgage, assign and forever warrant unto the Government the folbwing property situated in the State
! of Florida, Count tee of S 1
yC )
cp~e FmHA 427-1 (Rev. 2-15 78) ~
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