HomeMy WebLinkAbout0988 . . • I3' .
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FIItST FEDERAL SAVINQb~~AND i~AN A3SOCIATION
~ : OF FORT PIERCE 6~,~0
MORTGAGE
. 04-23090267 .
TH$ PROMISSORY NOTB SECUItED BY THIS MORTGAGE CONTAINS RENSGOTIABI.g INTEItEST
RATE PROVISIONS. TH8 INTEREST RATE AND MONTHLY PAYMBNTS CALLED FOR BY SAID NOTS
ARS THUS SUBJSCT TO ADJUSTMENT. ~
- March
TEII3 MOA'I~GAGE is made thia 25 .
is ..$1, bet~?een the Mo~rcgaeor, . .~R~gP.h. R.. A~e1"~!" .~!~d. ~4.~i~1~~ ~~~~!"er~..his ,wi~e..
. . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . (hereia "Borrowei''). and the Mortgagee. FIRST FEDERAL SAVINGS
AND LOAN A3.SOCIATION OF FORT PIEACE, a oorporation o~anized and exieting unde~r the lawe of the United States,
whose addresa ie 100 South 3eo~nd Strce~ Fort Piero~, Florida 33450 (herein "I.ender'~. ~
_ WHEREAS:Borrow~„~~, a~ebt~~,°-,~.ender in the•princapal aum of .fORTX.f.~~i~..TNQU$ANQ. ~A .NO./lOQ,
t. . . . . . - . Dollars. which indebtednese is evidenoed by Borrower'a ~
note dated . . . .~':C~l .2~ s . . . . . . : . . . . . . . . . . . (herein "Note"), Providing for monthly installments of•principal and
intereat, with the balanoe of the indebtednesa, if not sooner paid, or not sooner due for Borrower's failure to eaercise renewal
options set fortb therein, due and payable on June 20. 2011
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the payment of
all other aume. with intereet thereon, advanced in aooordance herewith to prot~ect the eecnriEy of this Mortgage, and the y
perforanance of the oovenants and agreemente of Bonower herein contained, and (b) the repayment of any fntnre advances,
with int~eat thezeon, made to Borrower by Leade~r pureuant to paragraph 21 hereof (herein "Ptiture Advances"), Borrower
dcee hereby _mortgage, grant and oonvey to Lender ihe following desc~ibed property .located in the County of
. . ~,4~1~ . . 3tate of Florida: . •
~li Lot 23, Block 91, Port St. Lucie, Section 5 according to the plat
.thereof on file in Plat Book 12, pages 15, 15A thru 15E, public
records of St. Lucie County, Florida. .
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By agreement of Mortgagor and Mortgagee on file ~
with Mortgagee, the Nitf~in 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. ~ _ -
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whichha~theaddreseof.....2138 S,, E,, Dolphin,Road,,,,,,,,,,,,,,,,,,,,,,,,Port,St., Lucie,,,,,,,,,,.,,, _
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; .F~IAr. l.~ld...33452 . . . (h~ '~Property Address");
cs~u~ .oa tip coa~?
' 1'O('ETHEft with all the improvements now or hereafter erected on the property, and all eaeemente, rights.
~ aPPurtenances~ rente, royaltiea~ minezal, oil and gas righte and pm5ts. water. water righte. and water atock, and all fiztures ;
~ now os h~eafter attached to the property~ aU of which, inclnding replaoeffiente and additions thereto, shall be deemed to be ~ i
and remain a part of the property c~vered by thia Mortgag~ and all of the foregoing~ together with said property (or the lease~
hold estate if thia Mortgage ia on a lessehold) are hert!in referred to as the "Property." ~
Borrower aovenants that Borrower ia lawfully seized of the eatate hereby aonveyed and hse the right to mortgage, grant
and oonvey the Propaty. W at t6e Property ia unencumbered, and that Borrowet will warrant and defead generaUy the title to
the Prop~ty againat aU claims anci demanda, subject to any declaratione, eaaemente or restrictions listed in a schednle of ~
ezoeptions to ooverage in any tide insuranoe policy insuring I.ender'e m the ' i
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