HomeMy WebLinkAbout0549NOTICE TO BORROWFR THIS DOCUMENT CONTAINS
PROVISIONS FOR A VARIABLE INTEREST RATE. CHANGES
~~IN THE 1NTEREST RATE MAY AFFECT THE AMOUNT OF
EACH MONTHLV INSTALLMENT AND/OR THE TERM OF
THIS NOTE. SEE VAR1ABlE RATE RIDER ATTACHED TO
THIS MORTGAGE.
1~34~-5~0
MORTGAGE
(SHORT FORM)
5~:1.33~: .~ ,
T~is inslrumtnl Mas prcpareJ b~ . I /
• . . . . . . .1.OR~:T'!'A . F.. . K4i.1.A`!. .
PALLOT POPPELL GOODMAN b SLOTNICK
1504 . ~~~.r.~d. .I.. ~µ~0i~t . ~~illding
Miami, Florida 33131
,
~ ~~
~ thirteenth . . _ _ . .~ay ~f, . . . . _I~larch, , _ _ , _ , . _ . ,
THIS MORTGAGE is made ttiis . . . . . . . . . . . . . . . . . . . . • • • • • • •
19..$~. between the Mortgagor ........................................._.........._.._...........
IVS RFALTY INC.
~
117? 'AF.ST LOOP SOUTH ~470. HQUSTON.. T~g A~ ''7Q~7
_ , , , , , , . . . . . . . . . . . . . . ( herein "Borrower ), and the Mertgagee, . . . . . . . . . _ . . . . . . . . .
. . . . . . . . . . . . . . . . .BISCAYNE FEDERAL, SAVINGS. AND .I~OAN, ~SSOC~~.T~ON.~ a corporation organi2od and
existing under the laws of . . . . . . the , United .States . . . . . . . . . . . . . . . whose address is . . . . . . . . . . . . . . . . . .
. ~7~Q .$1SCaY~1~ .~Vnlevs~x~.,. .Miav-i,. Fa.axida. . 33132 . . . . . . . . . . . . . . . . . . (herein "Lender").
WHEREAS,,aorrower is indebtecl to ~nder in ihe ~rincipal sum oi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FIGHTY THOUSA'ID AND ~]0/100 ,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dollars, which indebtedness is evidenced by Borrowei s
note dated. ~ . .MarCh. .13 , .19 81 . _ _ . . . _ (herein "Note), providing for monthly installments of principal anci
inter¢st until th~ entire indebtedness is fully paid_
To SECURE to Lender (a) the repayment of the indebteciness ~videnced by the Note with interest thereon;
(b) the payment of ail other sums, with interest thereon, advanced in accordance herewith to protect the security
of this Mortgage; (c) the performance of the covenants and agreements of Borrower herein contained; (d)'the per-
formance of the covenants and agreements incorporated by reference hereinto; and (e) the repayment of any future
advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 2l hereof or incorporated by
rPfvrs~nrP hPrPintt~ f herein "Future Advances" ). Borrower dces hereby mortgage. grant and convey to Lender the
..._....._ •
following described property located in the County of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
._ S t. Lu c i g~te of Florida :
That certain CON~OMINIUM. PARCF.L compose~ of APA~? ~'!F.~7T 20~,
ISLA`» RFACu ~L?IA, a Conc~omini~un, accor~iinv t~ the
Decl3ration of Cond~minium t~tP!^2Af~ as recorde~i ir.
Off°.cial Recor~s boe'~ ~!~~. P3~PS ??2 t!~r~~ 9(t0, o!' *~e
Publ;.c Recorc~s of St. Luc:e !'o~.~ntv, Flori~a~ tOQPL~'PT' ~:`,'^.
al? com~on property ?nri common P.~ P_TPf1t,S aopurLe^an~
Lherpto. - -. . _~~'c,~"" ~ .
_ , .. .. ,. -._~ _
,_ ;
-_ . - - ..v ~.~
• .. ._.. _. , „ . ,
Together with all gas and electric fixtures, radiators, heaters, air conditioning
equipment, machinery, boilers, ranges, elevators and motors, bath tubs, sinks,
water closets, water basins, pipes, faucets and other plumbing and heating fixtures,
mantels, refrigerating plants, refrigerators, window screens, screen doors,
venetian blinds, stcrm shutters, awnings and all additions and replacements thereto,
which are now or may hereafter pertain to or be used with, in or on said premises,
even though they be detached or detachable, are and shall be dee~ed to be fixtures
and accessions to the freetiold and a part of the realty.
QAOrJ Sn~1TE? A1 A!t?7q 'F~jCr!~ r..~ ars:
~ __
whichhastheaddressof ............................................. ......•-•---................
FLORTDR ?3aF7 Ist.eect tc~tr~
. . . . . . . . . . . . . . . . . . . . . . . . . . . ( herein "Propert}~ Address"- ;
[State and 2ip Codel
( Documentary stampa affixed to original Note and cancelled}
ToceTtiFtt with all the improvements now or hereaiter erected on the propert~~. and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights and profits, water. w~ater rights, and v-ater stecl., and all
fixtutes new or hereafter attached to the property, all of which, including replacements and additiom thereto. ~h311 bc
decmed to lx and remain a part of the pronerty cot~cred by this 1ri~rtgagc: and all of the fore~oing, t~~gether w~th saEd
property (or the teaschold estatc if this Mortgage is on a Icasehald) arc hercin referred to as the "Prvperi~".
Borrower covenants that Borroa~er is I:~wfulh• seised of the e~tate hereb~• cc~m~~yed and hati the rirht t~ m.~rtc~ce.
grant and convey the Preperty, that the Propert~~ is unertcumt-ered, and th~t Borrower w~ill warrant ara .ietend
gcncrally thc title to thc Propcrty against all claims and dcmands, tiubjcct to :~n}' dcclarations, ra.cmcntti or rctitrictic~n.
li~ted in a~chedule of exceptions t~, covrrage in any trtle insurance p~~licc inwring Lrnder', +nteretit in thr Propert~.
t~" ,
~ y. ~ ~:3~1 r ~~~~ 5~~
FLORIDA~wt F~r~-1 to ~ f~mdy-lJli--iMl11C UNIfORM IIiST~UMENT
AS REVISfO BY BISCA~NE FEOERAIFONYARIA6LE RATE MORTGA[iE5 -~!~0