Loading...
HomeMy WebLinkAbout0942 < + 13' L SA'~IGS~AND}LOAN ASSOCIATION FIRST FEDERA OF FORT PIERCE . ~ 502454 MORTGAGE No. 01-23079740 'i'HE PROMISSORY NOTE SECURED BY THIS MORTGAGE CONTAINS R,ENE(iOTIABLE INTEREST RATE PROVISIONS. THE INTEREST RATE AND MONTHLY PAYMENTS CALLED P'OR BY RAID NOTB ARS THUS BUHJECT TO ADJUSTMENT. THIS MORTGAGE is made this 3i':a da~yy of QCtQ~~r........................ 19 80. ,between the Mortgagor, .IdxLIT,E. f... ~~ARK. .GNl~~$7A. C~KRa. hi S ,l+i i`e t (hereein "Borrower"). and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a corporation organised and existing under the laws of the United States. whose address ie-100 South Second Street. Fort Pierce, Florida 33450 (herein "Lender"). WHEREAS, Bo~ov~er ~,t{ai}~~ted to.Lender in the principal sum of fQ~ .$~.~.1~Q~$~9. NQ~~~ t,~4b tUtx1: u ----Dollars, which indebtedness is evidenced by Bormwer"e note dated Qctlaker..3~..I989 (herein "Note'. providing for monthly inetallmente of principal and interest, wiW the balance of the indebtedness, if not sooner d~or not sooner due for Borrower's failure to exercise renewal options set forth Werein, due and payable on October 1~ O10 TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the payment of all other sums, wiW 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 fnt~e 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 ...SL.. L UC~:@ .State of Florida: Lot 8, Block 271, PORT SAINT LUCIE SECTION 3, according to the plat thereof on file in Plat Book 12, Page 13 A-l, public records of St. Lucie County, Florida. R'.••~..~Fn ; 9~_ Ob IN PA".`•. cNT Of T11XE= Cj ,Oa L;:.: 9 LL- :.i 'C' {'ar:~+i itE Pt=.:.3a:.t PROPEA7Y~ - I' ~O i'i'~_;,:7r T~? 71-1=4, ACiS OF 1871. - ' R::L~ Pi,ITEAS . ~ CI.QK gxCU{T CG~RT, ST. Lt1rtE CO.. F~~ I 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. - which has the address of ,1149 S :E:... Sabi na_ ..Lane . . ...Port St : Lucie....... _ , . l3aeetl lCit1) ' Florida 33452 ' (herein "Property Address"); {sou .oa i~P caa~~ . 1'O('ETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and pro5ts, water, water rights, and water stock, and sU 5xtures 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 leass hold estate if this Mortgage is on a leasehold) are herein referred to as the "Property." Borrower covenants that Borrower is lawfully seized 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 ezoeptions to coverage in any title insurance policy insuring Lende{~s interest in the Property. - - FLORIDA - I-4 FAr4II,Y 7/80 ~ P~ LN t+3 RRM - - ~