HomeMy WebLinkAbout0064 USDA-Fm}iA Posirion S . ; ~3a~:t~ ~ /
Form FmHA 427-1 FL ' ~ i• ,
The lorm of this k?s11,r~1tN was dtafted by tR! Otfice oi~tne ~
(Rev. 2-i s-7g~ Ge~eral Counsel 01 the United Sistes DapaAment of Agricu~-
ture, Washin9ton, O. C., and tAe material in the Dlank spaces .
in the 1o~m was insatW by w undtr t~• dir~ction of
Abstract 6 Title Corp.oration_of_Florida
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P,.g Box 3696, F~,:_~iexc_e~FL_ 33450
(Address)
REAL ESTATE ~tORTGAGE FOR FLORIDA
THIS MORTGAGE is made and entered into by ~ -
~~r,o~~ nunnuc MATTTF. M~ROOKS. his wife
residing in ~L..__Ll~~{ f' , -County, Florida, whose post office address
3605 Avenue M, Ft. Pierce , Florida 33450 .
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the mortgagor(s), herein callcd "Borrower; ' and the United States of America, acting through the Farmers Home Admin-
istration. United States Department of Agriculture. the mortgagee, whose principal office is loated 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 note(s) or
I assumption agreement(s). herein called "note," which hu 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 deuribed u follows:
Annual Rate Due Date of Fina!
i
E Qate of /nstrument Principal Amount o Interest 1?utallntent
° September 21, 1977 $20,900.00 8X September 21, 2010
E ~ebruary 26, 1979 $3,S7Q.00 8 3/4T j February 26, 2012
l ~,~~''~l I .
Received e In Paymsnt Of Taxes
~ . Due On Class "C" Intangible Personal Property,
~ pu«uant To Chaptsr 71, 134. Acts Of 1871.
~ ROGER POITRAS ~ ~ r`
~ f~e~k CtrCUit Court, St. LNC1o. CO.,
~ ~
~ Md the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the
~ P~J•ment thereof pursuant to the Consolidated Farm and Runl Development Act, or Title V of the Housing Act of 1949:
~ Md it is the purpose and intcnt of this instrument that, among osher things, at ~ll times when the note is I~eld by the
~ Governmcnt, or in the event the Govcrnment should assign this instrument without insurance of the note, this instrument
shall secure pa}'ment of the note; but when the note is held by an insured 'nolder, this instrument shall not secure payment of
4 the note or attach to the debt evidenced thereby, but as to the note and such debt sh~ll constitute ~n indemnity mortgage to
~ ,secure the Government against loss under its insurance contrut by reason of any default b}• Borrower:
~
~ Md this instrument also secures future advances made within twenty {20) years from date hereof to anyone erein
called Borrower when evidenced b}' a note oc notes covering loans made or insured under Subtitle A of the Consolidated
i' Farm and Rural [~velopment Act or Title V of the Housing Act of 1949, provided the total principal indebtedness of the
. original and fature loans shall not excecd S_2_4i4~0.00 , subjeet to the same terms and condition regarding
~ the assibnment of said notes hcreinabo~e provi~.3 .~~d aU references in this instrument to thc "notc" shall bc decmed to
; include futurc notes. - ~
~ 'V(?\~'. TN[REFf1RE. ~n cc~nsi,?crati~~n thc !~,a~i's; an,l ~t a11 ti!ncs ~chrn thc n~itc ic !:eld 1~~' tlir C:o~crnm.nt, or ir.
,';i ;}ic ~~:crit t~~e C;o.•crn:nc;it shc~::ld assi~;n t!~is instr:~r.icnt «~thu::t inscirancc of t`ic pa}~mcnt c~f thc nctc. to s~curc j~rom~~t ~
a~ ment of the note and ant• renewals and extensions thereof and am• agreements contained therein, inc~uc~in~ an}~ pro~~sion ~
r~ E% ,
for the payment of an insurance or other ch~rge, (6) at all times when the note is held 'oy an insured holder, to secure ~
~ per(ormance of Borrower's aRreement 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 xcure che prompt payment of all ~
~ advances and expenditures made by the Government, with interest, as hereinafter 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 forevcr warrant unto the Government the following property situated in the State
~
¢ of Florida, County(ies) of ~ St. Lucie ~ •
FmHA 427-1 (Rev. 2-15-78)
30~ ~trc ~
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