HomeMy WebLinkAbout2581 448' . 8 3 ~
FIRST FEDERAL Sl1YINGS ANt~; ~~.OAN AVIATION ~
3 ? ~
OF FORT PIERCE
CORRECTIVE MORTGAGE Loan ~ 02-23052481
T~81![OATQA(IE i, made this ......4th . ' May, .
79 ~N' ~ ~Q~~ and ~ ~F~Ait~N L-. ~b~G ~ ~ ~i~ s wi ~e
19...., between the l~tastgagoe............~
(herein "Boerowe~'h sad the Mortgages. FIRST FSDgRAL 8AVII1(38
AND LOAN A890CIATION OF FORT PISRCS. a oorparadon orgaais.d sad eaisting Hader the laws of the United States.
wtwse addrw is 100 8ontb Second 8tiwt. Fort Pieras, l~rlda 3,9460 (herein "Iwnde~.
W aaesas, Harrower is indebted to is ~ ~°p•1 •am of , ,SIXTY
; $I X THQUSAND, AND NU/100 ; ;
; ; ;
; ; ;
;
: - S:t46.;OV!! :~~t: ---~o11ar., whicb indebt~aw is evidenced by Harrower'.
.M .:.4..~919~
note dated aY i (herein "Note'7, providing far monthly installments of prindpal and
int~s~. with ~~ee balaaas of the indabtednw, S not sooner paid, dae and payable oa .
...Septe~r!ber. ~.0 ~4R$
1b8aCtntt to Lender (a) the repe~yment of the iadebtednw evidenced by the Notes with iatecsst thereon, the payment od all
other saws, with interest thsew, sdvaaosd is aooordaacs bsrswith to pe+ote~t the security of this Mortgaga and the
performance oaf the ooveoants and agreeooents of Borrower herein oaataiaed, and (b) the repayment a~f any fbtars advances,
with interest tLeeeoa, made to Harrower by Iwnder pwaant tiD paragraph ~ heeaof (herein "F'utare Advaaoes'~. Borrower
does marttaae~. grant and oon~e~r to Iwnder the foUawing 'described proper4y 3ocated is the Caaaty
of...... , , , .uci_e_ Stars of Florida:
Start at the Southeast corner of Section 4, Township 36 South, Range 40 East, run Westerly
along the South line of said Section -4, a distance of 1402 feet to the Westerly right-of-
way of Citrus Avenue for the Point of Beginning; thence run Northerly along said right-of-
way adistance of 136.92 feet to the South line of the North 168.58 feet of Out Lot 10,
Section 4, Township 36 South, Range 40 East; thence by angle of 90002' to the left run
along said South line a distance of 1260 feet to the East right-of-way line of Palmetto Street;
thence by angle to the left of 90002'00" run Southerly along said right-of-way a distance of
172.86 feet; thence by angle of 89058'00" to the left run 1260 feet more or less to the
Westerly right-of-way line of Citrus Avenue; thence run Northerly along said right-of-way
a distance of 36 feet more or less to the intersection of said right-of-way line and the
South line Section 4, Township 36 South, Range 40 East; thence run Westerly along said
South Section line 38 feet more or less to the Point of Beginning containing exactly 5 acres.
By agreement of Mortgagor and Mortgagee on file with the 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
E note secured hereby.
E
This is a corrective mortgage designed to correct an erroneous legal description appearing
I in that certain mortgage dated May 4, 1979 and recorded in 0. R. Book 309, on page 1217,
of the public records of St. Lucie County, Florida, and upon which intangible tax has~been '
paid as evidenced by receipt No. 483872.
R`'. E; ':5 tti1+~j^ .4. F`.i5 ;,F toll.-
CpUAt. St. lU ;:E Cd, flA.
~CBR gRCNIS
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which has the address oi.. 5407. Citrus Avenue Fort Pierce
F 1 on da 33450 (heroin ..~,op~y A~~..~.
' ca.~.':.:II: c:iu'
ToGE1HSRwith all the improvements now or hereafter ere~Ked oa the property. and all easements. rights, appnrtenanoes,
rents, royalties, mineral, oil and gas rights and profits, water. water rights, and water atoc><, and all futures now or hereaRez
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 Mortgag« sad 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."
( Harrower covenants that Borrower is lawfally seised of the estate hereby conveyed and has the right to mortgage. grant and
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convey the Property, that the Property is nnencnmbered, and that Borrower will warrant and defend generally the title to the
Property against all claims and demands, snbjed to any declarations, easements or restrictions listed in a schedule of
ezceptions to coverage in any title insurance policy insuring Lender's interest in the Property. i
3~oK 310 oA~~ 2579
FLORIDA - 1 TO 4 FAMILY-6J75--F'trMA/FHt~1C INDtVIDiIAL