The URL can be used to link to this page

Home My WebLink About0840 . , USDA-FmHA - sitions . ; 4a;~Jr~ /J7 ~ Form FmHA 427-1 FL Th~ lorm of thi= in~ni~c wn asttfd dSr fn. otr~c• ot tn. J,i (Rev. 2-I S•78) Gen~ral Couns~l 01 th~ U~itW St~tef D~partm~nt of Agricul- / tun, Washington, O. C., arW th~ mit~~ial in tA~ Dlank spaces in th~ form was insKtW by w undK th~ dinctioe of ! ~ Abstract ~ Title Corporation of Florida trvam~) ' P.O. Bou 3696, Ft. Pierce, Florida 33450 (Add~tss) r , REAL ESTATE biORTGAGE FOR FLORIDA TH1S MORTGAGE is made and entered into by ~ JOHNNIE SHAW and EVELYN SHAW, his wife ~ rcsiding in St. Lueie County, Florida, whose post office address u 513 No. 9th Street, Ft. Pierce , Florida 33450 , the mortgagor(s), herein calkd "Bonower," and the United States of America, aaing through the Farmers Home Admin- utration, United States Deputment of Agriculture, the mortgagee, whose principal office u louted in Wuhington~ D. C.; herein called the ".Government," and: WHEREAS Borrower is juuly indebted to the Government as evidenced by one or more «rtain promissorr. note(s) or ' assumption ag,reement(s), herein caUed "note," which hat been eaecuted 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 ; Boaower, and is described as follows: ~ ; Annua! Rate DKe Date of Final ; Dnte of Inshument Principal Amount o Interest Installment E September 21, 1977 $21,020.00 8X September 21, 2010 " ~ March 1, 1979 $3,300.00 8 3/4X March 21 ,2012 ` March 1, 1979 $500.00 8 3/4X March 21, 2012 ~ aecewee ~ ~ ~r.~msnc a Tsxes ~ Due On Clau ••C•• Imsnp~is Personai Pcoperry, ~ Pursuant To Chapt~r 71. 134. Aets Of 19T1. ROGER POITAAS ~ ~ Cie•k Circuit CotuL S~ Luci~. Co.. Fb. ~ Md 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 Fum and Rural Development Act, or Title V of the Housing Act of 1949; ~ And it is the purpose and intent of this instrument that, amor~g other things, at all times when the note is held by the ~ Government, or in the event the Government should auign this instrument without insurance of the note, this instrument ~ shall secure payment of the note; but when the note is held by an insured 'nolder, this instrument shall not secure payment of ~ tNe 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 iu insurance contnct by reason of any default by Borrower. ~ - Md this instrument ~lso secures future advances made within twenty (20) years from date hereof to anyone herein called Borrower when evidenced by a nott or notes covering loans made or insured under Subtitle A of the Consolidated _ Farm and Rural Development Act or Title V of the Housing Act of 1949, provided the total principal indebtedness of the ~ ociginal and future loans shall not ezcced S_24.~-82(1..QQ subject to the same terms and condition tep~rding the assignment of said notes hereinabove prov~ded and all references in this inscrument to the "note" sh~ll be dcemed to include future notes. ~ - !~'n11'. THEREFnRE, in considcntion of the loan(sj and ~a` at all tirncs whcn thc notz is held b~• thc Government, or in • ~ the e~~ent the Go~-ernment should assign t~is instrument w~thout insurance of the pa~•ment of the note, to secure prompt ~ payrnent of the note and any renewals and extensions thereof and any agreements contained therein, including any provision :t for the payment of an insurance or other chuge, (b) at all times when the note u held 'oy an insured holder, to secure ~ performance of Borrower's agreement kerein to indemnify and save harmiess tht Government against loss under its insurance ~ contract by reuon of any default by Borrower, and (c) in any event and at all times to secure the promPt payment of all ~ advances and ezpenditures 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 doe: hereby grant, ~ bargain, sell, convey, mortgage, assign and forever warrant unto the Government the following property situated in the State 3 I ~ of Florida, County(ies) of ~-.~.~a~ ~ ~ ~ ~t n(~~ FmHA427-1 (Rev.2-15-78) ~ 300r JU °AG~ , w "x' ~~.$.,,'4-.., _ _ . _ . . .~a _ . . , _,._,.~~r3