HomeMy WebLinkAbout0502 ~t .~~~'~4
FlRST FEDERAL SAYINGS AND LOAN ASSOCIATtON ~
OF FORT PIERCE
CORRECTIVE -
MORTGAGE ~
01-23049420
MORTGA(~S i~ made thi~ 15th March
ie. ~between t6e Mortgagor, ..G~orae..T... ~owden . and. Ani ta. R.. Sonwden,. hi s .ri.fe . . . . . . .
. .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (he~ein "Borrowa~'`), and the Mortgagee. FIRST FEDERAL 3AVINGS
AND LOAN A3.90CIATION OF F'ORT PIERCB, a oorporation organised and ezieting nnder the laws of the United 3tates,
~vhoss addns~ is 100 9ontd 3eoond 3te~set. Fort Pisroe, l~lorida 33lb0 (ha~n "I~euda~~.
wsg~s~s. Borrownr is indebted to Leader in the princ.ipal sam of ..Twent,y-7hreae. Jhousand. and .no~100=r-~r.
....--------------(~3e.QOQ.OQl-------------r.------Dollars, which indebtedness is evidenoed by Borrower's
note dated Mdl"lCb. 15« .19Z9 (herein "Note'7, providing for montb~y installments of principal and
interest, with the balance of the indabledness. if not eoone~r paid. dne and payable on Apr.i .10.> . l~99.
To3~r[tsto Leader (aa the repayment of the indebtedness evid~aed by the Note, with intarest thereon. the p~vment of all
other sum~, with interest theceoti, advanoed in aooor~asnoe herewith to protect the secnrity of thi~ MortBaBe, and the
parformanos of the ooveaant~ and agresmeats of Borrowe: herein oonlsiued. and (b) the r8paymeat oi aqy lhtnre advanoes, .
with int,ere~st the:+eon. made to Borrowe~ b~? Leader pnranant to paragraph 21 bareoi (hargin "Pbtnre Advanoes'~. Boa+owe:
doe~ he:eby mortQaga grant aad oonvey to Leada~ the followinQ • described pzope+rtq located ia the Conaty
of.... . . . e .44G1~ . . . . . . . . . . . . . . . . . . . . . . . . 3tate of Florida:
In the Southeast Quarter of Section 22, Township 35 South, Range 39 East; from
intersection of the South line of the North 3/4 of the Southeast Quarter and East
right-of-way for Gentile Road, run Northerly along Gentile Road right-of-way 1,073.5
feet to the-Point of Beginning, thence East 900 feet, thence Northerly 246.5 feet
more or less to South line of the North Quarter of the Southeast Quarter, thus West
' 900 feet to the East right-of-way for Gentile Road, thus Southerly 246.5 feet to
the Point of Beginning.?
By agreement of Mortgagor and Mortgagee on file
with Mortgagee, the within mortgage secures not
only an existing indebtedness, but also ADVANCES
to be HEREAFTER made by Mortgagee to Mortgagor.
the aggregate of which will equal the principal
amount specified in the promissory note secured
hereby.
~ This is a corrective mortgage designed to
; correct an erroneous legal description appearing
~ in that certain mortgage dated March 15,~ 1979 and
recorded in O.R. Book 305, page 916, of public records
~ of St. Lucie County, Florida, and upon which
~ intangible tax has been paid as evidenced by
~ receipt No. 482864.
~ j~/~
~f~'"
~ RECEIYEO ; nU~c IN PAYYENT OF TAXEt
~
~ DIIE ON CLASS 'C' 14T~N;'3LE P:RS6RA1 PROPERTr.
~ ?URSUMT TO • N:.?T . 71- "4, ACTS Of 19)1.
~ ..,G_.t P.Ii:.AE
~ CLERII G2LUIT CaURT, ST. LUUE 0~
,
~
~
~
s
~
~
= which has the addrees of.. Route. 3, Box 324-S Fort Pi erce
t .
~ ie~••u ~ ccu»
= F 1 ori da 33450. ...,~,~;n "Property Addr~s'7
' ~ ~ ~ c~.u..e ~ caaa~
~
~
~ TOGBTHER with all the impmvement$ now or hereafter erec.~ted on the property. and all ea8emente, rights, appurtenencea,
a renta. royaltiee, mineral, oil and gae righta and pmfita. water. water rights. and water stock, and all fixturee now or hereafter
attached to the property, all of which, including replacemente and additaone thereb, ahall be deemed to be and remain a part of
= the pmperty oovered by this Mortgage; and all of the foregoing, together with said pmperty (or the leasehold eatate if this
Mortgage ia on a leasehold) are herein referred to as the "Property."
° Borrower cwvenanta that Borrower is lawfully aeized of the eatate hereby conveyed and hae the right to mortgage. grant and
w
~ oonvey the Property, that the Property ie unencumbered, and that Borrower will warrant and defend generally the title to the
~ Property againat all claims and demands, aubject to any declarationa, eaaementa or restrictiona liated in a echedule of
~ exceptiona to ooverage in any title inaurance policy inauring Lender e interest in the Property.
a
; I~/~~+
~ " JVO ' INDIVIDUAL ~
FLORIDA - 1 TO 4 FAMILY-G/75-FNMA/FHLMC
~