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HomeMy WebLinkAbout1507~3~ . ;,~ . , , + FIR,ST FEDERAL SAV'I~N~~ A~~~~OAN AS$OCIATION OF FORT PIERCE ~5114$s S~,lo MORTGAGE Loan No. o, -2~~98 THS PROD[I880ItY NOTS BBCU~iED BY ~'HI8 ~[OIiTGAGS CONTAINB RSNgGOTIABLI~ INTBRSBT RATS PAOVI8ION8. TH$ INTBREfiT RATS AND MONTHLY PAYMBIVTB CALLBD FOR BY BAID NOTS ARR THUB BUBJ$CT TO ADJUBTMBNT. ..................................... . THIB MORTf3AGE i~ a-ade thi~ •••dur' ka6im~~a' ma'r'ried'adul~ ~' °~ ~cember 19 8Q . . betwesn the Mor~a~or, . . . ~. . . . . . . . . . . . t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .~ . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . . . . . . . . . . (herein "Borrower"). and the ModSaQa0. FIRST P'EDERAL SAVINGS AND LOAN A380CIATION OF FORT PIERCE, a oorporation organized and earisting andez the laNn of the United 3tata. whoss addres~ i~ 100 8outh Seoond 3treet, Fort Pierce, Florida 33460 (he~rein "I,e~der'~. WHEREAS, Borrowe~ i~e .(~~b'te4d~•I.~er in the prindpal swa of IHIRTY..S~1iEl'I.TNQUSAND..FQ~R. hU~1,D,R~D,AND NO/ ..... ~__~i w~---~----____- ~ VV,~ --------------DoUsrs~ which indebtednesa ia evideuoed by Borro~ree'~ lOQ note dated . . . . . .ORCEQ1~r .~ ~ ~ . ~ ~$~ . . . . . . . . . . (herein "Nots'7. Pr'ovidine for montLly installmenta of prindpal and intere~t, ~rith the balanoe of the indebtedness~ if not soonerpa~d, orpQtac~ due for Borrower'a failnre to ea~ercise r~ewal options ~et forth theroin, due and p~yable on DeCember' "lU, 1~ _ 1~0 SLCURE to I.eAder (a) the repayme~t of the indetitedness evidenoed by the Note, aith inte~re~t thereon. the p~yment of all other snau~ wit6 intarest thereon, advanced in aooordanoe herewith to protect ihe secudty of thi~ Mortgage. and the performance of the oovenants and agreements of Borrower heare~n o~ntained, and (b) the rep~yment of any fnturs advanas, ~vith interest thareon, made to Borsower by Lender pnnuant to paragraph 21 hereof (herein "Fntare Advanoes'9, Borrower doe~ herebY .mortgage, grsnt and oonvey to I.ender ihe ~ foUoaring deocribed propesty -located in the Connty of . . . . . . . . . . . . . . .~ xr. . ~kG ~ ~ . . . . . . . . . . : . . . . . . . . . . . . State of Florida: • ~ Betng ToNnf~ouse 2 D of ~he Pines of Fort Pierce, Florida, Phase One , 6efing more part~culdry descrt6ed-ns~folloNS.: . A part of Lnrmwood Addition Subdivision as recorded in Plat Book 2, -~ page 16, St. Lucie County, Florida, being more particularly described as follows; Begin at the Southwest corner of a 16 foot alley running East and West through Slock 31 of said Lawnwood Subdivision, run S89° 24' 07"E, along the South line of said.alley, a distance of 1250.06 -. feet, to the East line of Block 32; thence run S00~13'23"W, a distance of 192 feet, to tf~e South 1 i ne of Kentucky Avenue; thence run S89°23' 11 "E-, along Kentucky Avenue, a distance of 653.75 feet, to a point 55 feet West / of the~Centerl~ine of South 13th Street; thence run SO1°22'44"E, parallel**** By agreement of Mortgagor and Mortgagee on ~ file with Mortgagee, the within mortgage secures not only an existing indebtedness, but~ also ADVANCES to be NEREAFTER made by Mortgagee ~ to Mortgagor the aggregate of wtri ch wi i 1 equal the principal amount specified•in the promissory note secured hereby. . . - The Mortgagor covenants with the Mortgagee the above described real property is not now nor has it ever been the hanestead of tf~e mortgagor and that he actually ~reside at: 1071 N.E. ~ 107th Street, Miami, Florida 33161 ~~te s ~~,8d ~~~~ ~T~ ~ D0~ ON CIRSt 'C' 61TllNG'dLE ~JtSp11A~ ~~ni P1IASIIAMT TO CWPTfB 71-13~ ACTi Of fl~i. R06Q PqTy= a~ p~T CW1~i, iT. LrC~ ~ q,~~. ' which has the addrese of ...13A~. Ke~raska, l~venue ...................... .......Fort Pierce . . ............... . c~ei cc~v; . . . . . . ~1 qri da , , 33450. . . . . . . ~,~ ..p~~y Addreee'~: cew..va ~ c~~ 1b('ETHER with aU the impmvemente now or hereaRer ere~.~ted on the propezty, and al~ eaaem~ta~ righta, appurt~ances, nnta, royalties, mineral, oil and gas rights and proSts. water. water ri~s, and wate: atoclr, and aU futurer now or hereafter atxached to the property, aU of which, inclading replaoemenb and addition~ thereto, shall be deemed to be aad remain a part of the prope~ty oovered by thi~ Mortgag« and all of the foregoina~ to~etber with ~aid property (or !he lea~s hold e~tate if t6i~ Mortgage is on a leasehold) are herein referred to sa the "Prope~rty." Borcower oovenants that Borrower is lawfully eeized of the estate hereby oonveyed and haa the right to mortgsge, grant and oonvey the Property, that the Property ie anencumbered, and that Borrower will werrant and defend generally the title to the ProPertY e8eina~ all rlaim~ and demanda, snbjed to any declaratioins, easemenb or restrictions liat~ed in a echednle of eso~iana b coverage in any title ineuranoe policy insuring Leadez's interest in the Prope~ty. FI,ORI~A - t-4 FAMILy' ; H~ 80~~~ ~1GEi~ LN ~3 RRM