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Home My WebLink About0102 ~ , i ~ i , ~l . r ~ ~ ~ • . _ . USDA-Fmr~ \ ~ - _ , S ) 4334~74 / Form FmHA 427-1 FL ~ fo~m of tAb~~~, c wia aran~(~,t• orru. o~ en• ~ (Rev. 2-15-78) a.nu•~ cou~s.ho+ti~k~.a st.c.s i~~.ne ot ~.iun- . t tun. Wsshinyton. D. C.. snd tM mstai~l i~ th~ plank spit~s in t~~ form w~s in~atW py w undK t1+~ dinction ot . ABSTRACT ~ TITLE CORPORATION OF FLORIDA - ttranw) - - P. 0. BOX 3696, FT. PIEI'.CE, FL 33450 tnao..ss~ - REAL ESTATE MORTGAGE FOR FLORIDA THIS MORTGAGE is made and tntered into by RUBY L. FERGUSON r ~ ST. LITCIE County, Florida, whose Post office address 6~ ~08 Avenue M, Fort Pierce ~ ~~o~;d, 33450 , the mongagor(s) , herein called "Bonower," and the United States of Ameriu. aaing through the Farmers Home Admin- istration, United Stata Department of Agriculture, the mortgagee, whox princiPal office is l~cated in Wuhington, b. C.; herein called the "Government;' and: ' WHfiREAS Bocrower u justir indebted to the Government as eridenced by one o: more artain promissory note(s) or auumption agFeement(s). hereia called "aote," which has been esecuted by Borrower, is payable to the order of the Govemment, authorizes acceleration of the .entire indebtedness at the option of the. Government upon aay default by Borrower, wd 'u described as follow:: ~ I Armwal Rata Due Datt of Final ! Uate of lnstr~ment Prir~cyw! Anwant o Interest Instdlmcnt ~ ~ ~ ~ ! February 8, 1979 $2,500.00 8-3/k~ February 8, 2012 ~ c ~ ~ " pt TaioM ~ R~atwA ~ M Pw'^an ~ Dus On Clsss "C' Innnpibl~ P~onsl Pr~op~b. pwsusm To Chpt~ 71. 194. A. ots Of 1071. ROt3ER POI?1iAS 9'~ ~ Cbn~ Cit'euk Court. St, Luei~. 00., FN. ; ~ ~ Md the note evidenus a loan to Borrower, and the Government, at any time, may assign the note and iniure the ~ payment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949; ~ Md it is the purpose and intent of thu instrument that, among ather things , at all times when the note is held by the z Government, or in the event the Government should us~ign this insuument without insurance of the note, this instrument ~ shall secure payment of the note; but v?rhen the note is held by an in:ured holder, tltis instrament shall not seeure Qaymcnt of ~the note or attach to the debt evidenad thereby, but u to the note and such debt shall constitute an indemnity mortg~ge to ~ secure the Government against lou under its insurance contract by reason of any default by Borrower: ~ Md this instrument also secures future advances made within twenty (20) years from date hereof to anyone herein ' ulled Borrower .when evidenced by a note or notes covering loans made or insured under Subtitle A of the Consolidated ~ Fum and Rural Development Act or Title V of the Housing Act of 1949, provided the total principal indebtedneu of the ~ ~ original and future loans shall not tixceed f 2•SOO~OU , subject to the sune terms and condidon reg,arding ~ the auignment of said notes hereinabove provided and aU references in this instrument to the "note" shall be deemed to Y ~ indude future notes. NOW, THEREFORE, in consideration of the loan(s) and (a) at all time: when the note is held by the Government, or in the event the Government should asiign this instrument without inswante of the payment of the note, to secure prompt j payment of the note and any renewals and extenrions thereof and any agreements contained therein, including any provision ~ Eor the payment of.an insurance or other chuge, (b) at all times when the note is held by an insursd holder, to ucure F performance of Borrower i agreement herein to indeau?ify and save humkss the Government against loss under its insurance : contract by reason of any default bq Bonower, an~ (c) in any erent and at all times to ~ecure the promQt payment of all advances and e:penditurss made by the Go~r~ernment, with interest, u hereinaker described, and the perfosmanee of erery ~ covenant and agreement of Borcower contained herein or in aay. suppkmentsry ag~reement. Borrower does hereby gRant. ~ bug~in. sell, conrey, mortgage, assigp and faev~er warrant unto the Government the following property situaced in ths Sute { ~ of Florida, County(ies) of ST . LUCIE - : ~C~~ ~,A~~ FmHA 427-1 (Rer. 2-15-78) . . - ~ ~ ~ - ~ ~ ' s~c.. ~~~~~~~~~~~r__..~