HomeMy WebLinkAbout0947 . ~ '
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y ~ s • Tony Rodriguez
USDA•Fm~IA ~ ~ 2289 Melaleuca Blvd.
Tn• to.m oi ch~s tn~.um.n~ Ma a~nw nr tn. oi+~u oi port St. I.ucie Fl. 33452
Forn? FmHA 427-1 FL tn. o.n.ni ca,n~.~ o+ en. umtw sac.s o.oanm.ot ot •
(Re+. &11=81) ' ~~~~;n~;
roren was~InfatW by ohi una.~~n. dk.~~cw~ 0 09-56-267570474
T 6 T TITLB INSiJRANCS, INC.
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205 SOVPH SBCOND ST., FT. PIBRCB, PL.
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REAL FSTATE MOATGAGE FOIt FLORIDA
1HIS MOR'PGAGE ia made aad eatered into by .
TONY ROD8IGU8Z, a Siagle Adult,
St. Lucie Counq, Florida, who~e post o~'ue sddceu
~ 2289 Melaleuca Boulevard, Ft. P~erce ~pl~ 33452 ~
. the moctgagoc(s), 6erein call~ed "Boccovra;' and the Uniud Staw of Americs, actn?g th:ough the Facmas Hane Admia- _
istnrion, Unioed Staus Departament of Agri~cuhun, the mortgagee, who~e principal o~'ia is located in Wa~iagton, D.C.;
herein called the "Ga?ernmen~" and: .
- WHEREAS Borrowa is jwtly indebted to the Goverament as avideaad b~ oae or mon urtsin promissory aote(s)
ar sswmption agreement(s). hereia called "note," ~vhich has been ezecuud by Boiro+~rer, is payable to the o~der of the
Govanment, authorae~ accelerarion of the entin indebudneu u the opdon of the Go~erament upon any default by Bor-
I ro~ver, and 's deicribed u follaws: A~rmal Rate D~e Date of Faia!
~ Dnte_
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Ir_stnmient Principal Amo~ait o I~terest Instalbnent
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` February 29, 1984 $42,000.00 1A.750 February 28, 2017
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~ The interest rate for limiced resource farm ownership or lirnited resoucce operaring loan(s) secured by this instrument
will be increased after 3 yca?rs. u provided in the Farmcrs Home Administration regulations and the note.
Md the aote evidences a loan to Borrawa, and the Grnrcrnn?mt, at any rime, may thc note and insure the -
payment thereof pursuant to the Consolidsted Farm and Rural Derelopment Act, or ?ide V of . e Housing Act of 1949, or
any other statutes admiaistered by the Fumen Home Admiaiseration.
And it u tbe purpose and intent of thu insuument thst, amoag other thinp~, at aD tima when the nou u held by the
Government, or ia the went the Government sha~ld this iam~ument without insurance of the note, this insnuraent
shall :ecure payment of ihe nou; but when the note is h~bp an iasuted holder, this instrument ~?all not aecure payment of
the note or attuh to the debt evidenad tl~ereby, but as to the note and wch debt ~}?a11 constituu an indemnity mortgage
to secure the Gavernment against loss uader its insurance contract by reason of any default by Borrower;
Md tLi: iasaumeat ~1so secure: future advances made within twenty (20) years ftom dste haeof to anyone herein
called Botrower when evidenced by a note or note: covering laans made or iosured under Subdtle A of the Consolidated
~ parm aad Rural DeveLopment Act or Tide V of the Ho Act of 1949 or aay other natutes admini:tend by the Fu-
s men Home Admu~tration provided the total priacipal~budneu of the original wd futuee loans shall not ezcesd
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' = 42,000.00 , subject to the ~ae ur~ and condition rcgarding the asngnment of uid nous hereinabrn?e
provided and all references ia this in:ttument to the "nou" ~hall be deemed to include fiture notes. .
And thi~ insuumeat also ucure~ tLe n ture of a~? inurest aedit or subsidp which maT be granted to the Bor-
rower by the Go+rernment pursuant to 42 U.S.C~1490a.
NOW~ THEREFORE, in consideration of t6e loan(s) and (a) at all times when the note is held by the Gavernmeat, or
~ in the ewent the Gavanment should assign t!~ iastniment witl~out inwranu of the payment of the note, to secure prompt
payment of the nou md ury renewals aad e:unuoai thaeof and my ag~eements contamed therein, including any provi:ion
` for the payment of an iasurance or otha c6uge. (b) at all times wbsa d?e note u held by aa inwred holder~ to secure per-
~ formance of Bocrawa's sg~eement 6ercin to indemaifr and sa~re humka the Government agaiwt loss under iu insurana .
~ contnct bp na~oa of any default by Borcowa, and (c) in any e~rent ~nd at aU timp to secure the prompt pay~nent_ of aU
t advances and e:peaditures made by the Go~anment, wixh iausest, as haeiaafter dacri~ed, aad the perfirmance of every -
~ cwrenant and sgreement of Borcovrer contained herein or in an~ wpplaaentary agFeemeat, Borrowa does 6aeby gtant~
s
bacgain, ~ell, comry. moctgsge, a~ and foreva .varrant w?to ~ ~'ent t~ property situatcd in the
800K ~J PACE ~~N~
Sua of Florida, Couaty(iW) of St. Lucie .
FmHA 427-1 FL (Rev. 8-11-81)
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