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147-023778
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MORTGA~E
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/07
, THIS MORTGAGE is made this Y2ND day o! DECEt/+BER , 19 80 .
b~tween the Mortgagor~
SOUTHERN DEVELOPMENT & ASSOC., INC., A FLQRIDA CORPURATIOiJ
-1 /
PS~3944 )
(herein "Borrower"), and the Mortgagee.
HSRITAGE FEDERAL SAVINGS AND LOAN ASSOCIATION . a corporation organized and
e~cisting under the laws of TNS UNITED STATES OF AMSRICA
whose address is 230 NORTH BEACH STREET, DAYTONA BEACH, FLORIDA
(herein "Lender"1.
WHEREAS, Borrower is indebted to Lender i~ the p~incipal sum of
SEVENTY THOUSAND AND 00/100 Dollars,
which indebtedness is ~:videnced by Borrower's ,~~~N~~~g~EDECEt•1BER 22; 1980
(herein "Note"), providing for monthly instailments of principal and interest, with the balance of the indebtedness,
it not sooner paid, due and payable on D E C EM B E R 10 , 2 O 10 ;
To SFCURE to Lender (a) the rcpaymcnt of ihe indebtcJness rvidenccJ by the Notc, with intcr~st thercon, the
payment of all other sums, with interest thereon, advanecd in accordance herewith to protect the security of this
Mortgage, and the performance of the covenants and ag~eementti of Barrower hercin contained, and (b) thc repayment
of any future advances, with interrst thercon, made to Borrow~r by Lcndcr pursuant to paragraph 21 hercof (herein
"Fuwre Advances"), Borrower dors hereby mortgagr, grant anJ com•c~~ to l~nder the following described propetty
locatcd in the County of ST. LUC 1 E , Statr of Florida:
LOT 2, BLOCK 9, SURFSIDE UNIT ONE, ACCORDI~JG TO THE
PLAT THEREOF, AS RECORDED 1N PLAT BOOK 10, PAGE 17,
OF THE PUBLIC RECOROS OF ST. L~CiE CC~Ur'TY, FLORIDA,
"It ie Coven~3rt~~d =~fi :~~s~•~eJ tt~at arzy det~~lt U;h'~
the Constr~ct~ n L~'.~~ ~~"" ~c ~~z-'t w~ich is d3t~d
i he .`-. : ._., ~~ ;. .':•~.»n t"~e pa~ties
Concurre~t y : ~ :': ~ . .
hereto. sh~;. re a~:~~ta~~it .:r;~. •..; mcrt,a~;e.
said cons~r.:c'i~n l~. :r a~--~• :s:: .. .. .~;~erein This instrument prep3red DY
incorporated t~ r.:~~~~<<~~~ t~- ~"t= ~:~~~'~ c~xient and $fiirley Scan~on, Ass't Vice PreS.
effcct as though set torlh in f;,~l hcrein." Heritage Federai Savings
Rece~ve~! s~~' ~ In Payment Of Taxet and Loan Association
Due On Cla~s •.C•• If11Ar1{~IhIB PgfS(+~1A1 D•~wrt~r. P. O. B~X Y
~ursua~•. To Chapter 71. 134. Acts O* •9~~ OdVtO~~ 8`-"~h. Fler+~la
RpGER POITRAS ~~
~.~w.4 C~rcuit Court, St. luc~e, Co., Fls.
FHL66- I NDEX 12.87
~PROVIDED, HOWEVE~, tHAT SA10 NOTE MAY BE AUTOMATICALLY RENEWED AT THE
pPTION OF THE BORROWER, IN ACCORDANCE WITH THE TERMS AND PROYtS10NS (36
SAID NOTE.
*~TOGETHER 4JITH ANY EXTENSIONS, RENEWALS OR MODIFICATIONS THER~OF WHICH
ARE hiADE IN ACCORDANCE kITH THE PROVISIONS OF SAID NOTE.
which has thc address of LOT 2, S~UTI-S OCEA~I QR1 VE , FT. PI ERCE
[streeq [c~tyl
F LO R 1 DA 33 4 5 0 ( herein "Properry Address" ):
~sa~e ~~a z~o coa.l
TOGETHER with all the improvrments now ~~r hrreafter erected on thc pruperty, and all easements, rights,
appurtenancrs, rents, royaltics, mioeral, oil and gas rights and profits, watcr, water rights, and watrr stock, and all
fiatures now or hereafter attached to the ptoperty, all of which, including rcplaccmrnts and aJditiuns thereto, shail E-e
Jcemed to be and remain a part of the propcrty coverrd by this Mortgage; and all of the foregoing, tugrther with said
property (or the Ieasehold cstatc if this Mortgage is on a Ieaschold i arc hcrcin rcferred to as the "Property".
Borrower covenants tfiat Borrower is lawfully seised of the rstate hereby conveyed and has the right to mortgage,
grant and convey the Property, that the Proprrty is unencumtxrcd, and that Borrowcr wifl warrant and defenJ
generally the title to the Property against all claims and demands, subjrct to aoy declarations. rasemcnts or restrictions
listed in a schedule of exceptions to coverage in any tide insurance policy insuring Lender's intercst in the Property.
FIORIDA-t fo ~ family-6/75-fNMA/FNIMC UNIfORM INSTRUMENT nR34~ PAGf~1i~
VMP ~o.s~,o.,~o .~s,.~,s .~..~. ,~~. BOOK
1.CR. -3~
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