HomeMy WebLinkAbout2151FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION
OF FORT PIERCE 510132
~o,~o
MORTGAGE X09-2308aoa~
THE PROMISSORY NOTE SECURED BY THIS MORTGAGE CONTAINS RENEGOTIABLE INTEREST
RATE PROVISIONS. THE INTEREST RATE AND MONTHLY PAYMENT8 CALLED FOR BY SAID NOTE
ARE THUS SUBJECT TO ADJUSTMENT.
THIS MORTGAGE is made this .....:...~th........... ... ~ay of .... December ..................... .
is $4. ,between the Mortgagor, . Vernon, D;,Rainey„and. Irma ,bane ainey~ his. w~~e-----------------
.......... ..... ..................
................................................
--------------------------------'-----(herein "Borrower"). and the Mortgagee, FIRST FEDERAL SAVINGS
AND LOAN ASSOCIATION OF FORT PIERCE, a corporation organized and existing under the laws of the United States,
whose address is 100 South Second Street, Fort Pierce,. Florida 33450 (herein "Lender").
WHEREAS, wer is ind bled to Lender in the principal sum of .FRrty.-$Ri(@R .Thvu~dOd .and . RQL~ Q4--"-
----------- ~~47, 000 OOe}-----------------------
................ . ~ ....:.. .. ......................."Dollars, which indebtedness is evidenced by Borrower's
note dated . , December , 5 = ,1980 , , , , , , , , , , , ,, , , (herein "Note"), providing for monthly installments of principal and
interest, with the balance of the indebtedness, if not sooner paid, or not sooner due for Borrower's failure to exercise renewal
options set forth therein, due and payable on December 20, 2010
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the paymentof
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 [.ender 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
...............$t•..~:4Gi~...................... ,State of Florida: -
.Lot 1, Block 491, Port St. Lucie Section 13, according to the plat thereof on file in
Plat Book 13, Pages 4, 4A through 4M, public records of St.:Lucie County, Florida:
l;z~.~ti.o s - 9'f. o 0 111 ~a~rlT cr Taxis
[sc t:T C! ~~a 'C' I~jir.::~. ALE 1't+....rn~ PRO.ERT7!,
FL'?~~:.Yi Tv .1{;,iii. 71-.=4, ALiS Of 1911.
f::.c:+: P::ITC.aS - r
CLLFK GaGtI1T CCtl3T, ST. LYRE CQ, F1a.~~"
By agreement of Mortgagor and Mortgagee on file
with Mortgagee, the within mortgage secures not
only an existing indebtedness, but also ADVANCES
to be HEREAFTER made by Mortgagee to Mortgagor
the aggregate of which will equal the principal
amount specified in the promissory note secured
hereby.
which has the addres~of..6~~..$.~:.Thornhill„DriY~ ..................port,$t:.~y~lq.,,,,.,,,,,,,,,,,,,,, ,
~c~,,
Florida, 33452 „
. ................ (herein Property Address ):
~~sau .tea do c~-
TOGETHER 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 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 lease-
hold estate if thin Mortgage is on a leasehold) are herein referred to as the "Property."
J
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 declaratioira, easements or restrictions listed in a schedule of
exceptions to coverage in any title insurance policy insuring Lender's int~ in the Property.
~4 2150
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