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MORTGAGE 482~~8
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THIS MORTt~A(3E is made th~ ST day of MARCH, 1980 between the Mortgagor,
BILLY J. SALYER AND BARBARA J. SALVER, HIS WIFE
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(herein "Borrower. and (he Mortg_o~+: First Federal Savings and Loan Association of Martin County. a corporation 1
organized and existing under the laws of the United States of America, whose address is 989 South Federal H ighway, Stuart,
Fbrida 33494 (herein "Lender.
WHEREAS. BotTOwer is indebted to Lender in the principal sum of t f 42000. 00)
---FORTY-TWO THOUSAND AND N0 /100 THS---
Dollars, which indebtedness is evidenced by Borrowers note dated MARCH 31. 1990 (herein "Note',
provided for mouthy installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and
payable on OCTOBER O1, 2010.
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the
. payment of all other sums. with interest thereon, advanced in accordance herewith to protect the security of this Mort-
gage, 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
Adz'ances'~, Borrower does hereby mortgage, grant and convey to_ Lender the following described property located in the
County of ST. LUCIE
State of Florida:
LOT 32. BLOCK 120, SOUTH PORT ST. LUCIE. UNIT FOUR, ACCORDING
TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 13, `rAGES 11 AND s
11A THROUGH 11C, OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY,
FLORIDA:
RECEIYEll = 8~•p0 111 PA'l1Af1R Qf TAXED
' 3, D ~ Gil ~ ~'3 C:' ~ S 'C' IkT;+tif Bt.E PEtlStl'+At. PP.OPERiT, .
{o Ii;'~: ".1, T7 't;':'~-•; 7t `'4, k~TS Of 1911.
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Ll .•.c Gt . L'.T :::1S..T, St. CU.aE CO, t'LA.~
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THIS INSTRUMENT PREPARED BY:
STUART-MARTIN TITLE CO., INC.
POST OFFICE BOX 866, STUART, FLA. 33494
~ BY: DEHRA A. SIGAFOOSE
LN #0020041108
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which has the address or ELMHURST, SOUTH PT. ST. LUCIE. FLORIDA 334.~i2.
• ISt?eeA (Cityl
(herein "Property Address"?;
! (State and Zip Code) •
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` TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurte-
nances, rents, royalties, mineral, oil and gas rights arid profits, water, water rights, and water stock and all fixtures now or here-
after 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 bythis Mortgage; and'all of the foregoing, together with said property (or the leasehold estate
it this Mortgage is on a leasehold) are herein referred to as the "Property'.
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Borrbwercovenantsthst Borrower is lawfully seised of the estate herebyconveyed and has the right to mortgage, grant
r and convey the Property, that the Property is unencumbered. and the Borrower will warrant and defend generalty 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 lenders interest in the Property.