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HomeMy WebLinkAbout0844 t . . _ • ST- _ USDA-Fm}iA . 4~~~ S ~ p ~ / . Fotm FmHA 427-1 FL rn. eo.m o~ tnis inn?Jm~n~w~s tlraft~Oy t~li Off~c. or ~n. 4,'~S•7 ~ (Rev. 2•15-78) General Counttl Of th~ VnitW St~tts O~partmMt of Aqricul• I ture~ WasAinyton, O. C., an0 th~ mat~risl i~ th~ blank spatts in th~ form w~s insvt~d by or wW~~ th~ dir~ttio~ oi Abstract 6 Title Corporation of Florida ~ (trams) . P.O. Box 3696, Ft. Pierce, Florida 33450 tnoa.es:t ' _ REAL ESTATE MORTGAGE FOR FLORIDA TH1S MOR'I'GAGE is made and entered into by - ~ JOHN L CALLOt~IAY and DELORES G. CALLOWAY, his wife rcsiding in St Lu ie County, Florida, whose post office address ~ u 3?p7 AvpnnP 1Y(},,,Et °rce , Florida 33450 ~ che mortgagor(s), herein called "Borrower," and the United States of America, acting through the Fumen Home Admin- utration, United States DeQartment of Agriculture, the mortgagee, whose principal office u located in Washington, D. C.; _ herein ulkd the "Government," and: WHEREAS Borrower ~ justly indcbted to the Government u evidenced by one or more artain promissorr nou(s) or usumption agFeement(s), herein caUed "note," which has been e:ecuted by Borrower, i: Payable to the order of the Government, authorizes acceleration of the ent'ue indebtedness at the option of the Government upon any default by I Borrower, and 'u described u follows: Annua! Rate DKt Date of Final . ~ Dnte o` /nstrument Pri~cipal Amount o Interest Installn~ent ~ f September 22, 1977 $19,580.00 8X September 22, 2010 ! '.~iarch 1, 1979 $2,500.00 8 3/4X March 1, 2012 ~ ~iarch l, 1979 $250.00 8 3/4X Marc~~12 Received s Of Tmces ~ Due On Class .•C•• IMSnp~NP~s~sondPnopwt~t. ' Purguent to Chaptsr 71, 134, /lets Of 1~71, ~ ~ ROGER POITRII.4 ~ C~e•k Ctrcuit CourL S~ 1.1~01~. Co.. H~. ~ ~ Md the note evidences a loan to Borrower, and the Government, at any time, may auign the note and insure the ~ payment thereoE pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949; ~ Md it u the purpose and intent of this instrument that, among other things, at aU times when the note is held by the ~ Government, or in the event the Government should assign this instrument 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 agunst loss under iu insurance contract by reason of any default by Borrower: ~ Md this instrument also secures future advances made withio 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 = Fa~m and Rural Development Act or Title V of the Housing Act of 1949, provided the total principal indebtedness af the ~ original and future loans shall not exceed S 22 s 330. 00 , subject to the same terms and condition rcgarding the assignment of said notes hereinabove provided and all references in thu instrument to the "note" shall be deemed to - u?clude future notes. r NO~V, THEREFnRE, in c~~sideration of the loan(s! and (a; at al) times w~icn the note is held b~• thc Government, or in the e~•ent the Gc+~•crnment sfiould ass:gn this instrument ~vithout insurance of the payment of the note, to sect~re prompt Payment of the note and an~• renewals and eztensions thereof and any agreements conttined therein, including an}' provision ~ for the payment of an insurance or other chuge, (b) at alt times when the note is held 'oy 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 aU times to secure the prompt payment of all ~ advances and expenditures made by the Government, with interest, as hereinaEter described, and the performance of every ~ covenant and agreement of Borrower contained herein or in any supplementuy agreement. Borrower does hereby granc. _ bargain, sell, convey, mortgage, assign and forever wanant unto the Government the following property situated in the State ~ of Florida, Count ies of St. Lucie : • x_ p~~ FmHA 427-1 (Rev. 2-15-78) ~ ' 844 ~ 3G~~. ~4G~ . _ _ . ~