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was . o d ~~~431,~ ~ instrument was prepared by:
~ Cl~ -C. ~ Ott a~ J.o r d.a 0 ..F i e.l.d s.,.. Esq .
P~~avant to tires A 16 . B a ] h o a.. S L.,.... .
c ~i~~ott~ Stuart, FL 33494
~Mr;~q~ (`AU/t, ~ l~ rn~ MORTGAGE
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THIS MORTGAGE is made this..... ZEtkh . .day of.. .April
19?.9.., between the Mortgagor,S ....OA.n . R, . Brown . and. Ra rha r~ . F.... brown ...his . wi.f e.,...
(herein "Borrower" and the Mortgagee, J P.n S en .
..fie a Cb . ~a aJc . a vorporation organized and 3
existing under the laws of $.~a t ~ . 0 f ~ F ~.Q 1" a . whose address is P.. 4:.. ~ !'.X . 7.
~@p.s.~D..~~dGh.x.F~.QY'~.~a ................................(herein"Lender"). ~i
~HERBAS, Borrower 1S indebted to Lender in the principal sum of.... thr£Q . x1t0uS.a nd ~
d P.d . l~.R ~ 1.Q Q - - - - - - - ' - - ' ' .Dollars, which indebtedness is evidenced by Borrower's
note dated.....ARrj~ • 1974• • • • • .(herein "Note"), providing for monthly installments of princippal and
interest, with the balance of the indebtedness, if not sooner paid, due and payable on.. May, 14 . • 1.84, , , , , ,
a
To St:cuRt: to Lender (a) the repayment of She indebtedness evidenced by the Note, with interest thereon, the s
payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
Mortgage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayment
of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein
"Future Advances"), Borrower does hereby mortgage, grant and convey to Lender the following described property
located in the County of.... S~•..LuClB State of Florida:
Commence at a point on the East right-of-way line of
the FEC Railway 265.98 feet north of the south line of
Government Lot 1, Section 29, Township 36 South, Range
41 East and run 345.10 feet East and parallel to the
said south line of Government Lot 1 to the point of
S
.beginning; thence northwesterly parallel to Indian
River Drive 104.52 feet; thence 115 feet East and
- parallel to said South line of Goverment lot l; thence
104.52 feet southeasterly and parallel to Indian River
~ ~,U~, Drive; thence 115 feet west and parallel to the said
~ South 1 i ne of Government Lot 1 to point of beginning ,
= reserving to the grantors their successors and assigns
~
easement for roads i n and to the South 10 feet of said,
tract. Also granting herein an easement for ingress
_ ~ and egress to a roadway 20 feet wide, and North of a
j line 255.98 feet north of & parallel to the said south
~ line of Government Lot 1 extending from the East line
t•~(':•.~'~`~ l~` of the FEC Railway to the West boundary of the Indian
i~~,=== River, and particularly granting herein riparian right
~ in, to and over the East 115 feet of said 20 ft. roadway.
4 Above tract of 1 and being part of the following : Beg i n -
on West bank of the Indian River 175.56 feet North of
u' south line of Government Lot 1, Section 29, Township 36 -
° - South, Range 41 East; thence South 89030' West, 3074.28
feet to the West line of the E ~ of the NE 4 of Section -
30, Township 36 South, Range 41 East; thence N Odegrees
a 15 minutes West 180.84 feet; thence North 89°30' East
2983.20 feet to the Indian River; thence southeasterly.
which has the address~flong. the shore. of_.the._Indian River to point of beginning ,
excepting rightssl?~ way for FEC Railway andtcp~blic roads.
(herein "Property Address");
[Stab and Zip Code)
ToceTeEtt with all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all
fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be
deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said
property (or the leasehold estate if this Mortgage is on a leasehold) are herein referred to as the "Property".
i
z Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage,
- grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend
generally the title to the Property against all claims and demands, subject to any declarations, easements or restrictions
listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property.
FLORIDA-i to ~ Family-6175--fNiilAItNIMG UNIFORM INSTNUMEMT U ~ ~~U~
-225
FB5165 Rev. 10/77
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