HomeMy WebLinkAbout2004 f-tt c z . XI / 'j t .
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~ . ~ saU~rH~~.r~ ]~~D~RAL ~AVI~TG~
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o~ AND L.OAN /~SS4C1ATtON ~DF BItOWARD COUIVTY ;
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a o ~ _ . ?Q4~IS~INS~t~R~~~T~'~S ~~$AREU HY . '
~ o a`~ ~ DOROTHY A. St~ffiN, t+it~rr:ey at Law ;
~ `a ~ ~ - . C3 ~ ~ IN PI~IAEtiS af Zf~XES . . j , ~ , . ;
N'~ ~ iE TEi:SOtt1l P"~PE~IY~ SUITE 30~ - FT. U`,UDERU,~Ii. ftA. 33305 I
£ ~ i ~ RECEIYED , .
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R ; ~TS o~ ~y~ f,,~ ~ 1V~~RTGAGE ~
a ~to ;
0 0~ ~ C1RW~ GW~' Sj, W~IE f~ ~S~~R~' F'~R~~ ;
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TEi1S ~10RTCAGE is made tius daY of 19-~, bctween
~ J T. I~olland II Carol J. Ho , hs.s wi e, James D. Faulk and
~ thc ~lartg~~or, ~ ~ _
Catolvn ~i. Fautk, his wi~P~and Howard D. ~nat~ a~ I~.t~.Ii~ e F. Kleman, _ ha.s wi.fe -
( h~~rcin "Bon~o~ver") n thc ri ~ g Southern Federal- Savin s and Loan ~
Assoclation c~~ ~rowa~~ ~i~.1n ~
a c~~poration organized and existing under the laws of Ullited Stltes of Ameriea . , ~
~ v~~hose address is2M5 North Federal Hiahway, Pompana Beach~ FIOx'~da (herein "I.ender'). i
«'ti~F~+s, Borrower is indeLted to Lender in the grincipal sum of ~entv-eiqht Thousand _ '
F,_j,Y~ Huzldred and no/100-=-----------'-------Dollars, which andeUtedness is evidcnced by
- tiorro~•er's n~te of even date herewith {here;n "Note"), providing for monthly installments of principal and
intcrest, ~vith the balance oE the indebtedness, if not sooner paid, due and payable on Sentember 15th
2U04 ; ~ - - _ _ _ _
To SFCCns to Lcndrr ( a) the rcpayment oE the indeUtedness evidPnced by the I`bte with interest thereon; F
(b) t}1C ~1\'111Ci1t of alt other sums, with interest thereon, ad~•anced in acrnrdance herewith to protect the :
security of this ~tortga~e; (c) the performance of the covrnants and agreements of Dorrower herein eontained; `
( d) thc pc rformance of the covenants and afireements incorpnrated by reference hereinto; and e) the repay-
ment of any future advances, with intere~: thcreon, mad~ to BorrowEr by Lender pursuant to psragraph 21 ~
: hereuf or inror~rated by reference~ hereinto ( hercin "Future Advanccs"), Borrower aoes hereby mortgage, ~ l:
- grant and con~cy to Lendcr thc following described property located in the County of Lueie i
State of Florida: ~ - ~ " " ;
_ ~ 4 :
. - -Lcit 25 in Block 44 of Lakewood Park Unit 5,_ t
. according to the Plat thereof, recorded in =
Plat Book 11, Page 5, of the Public Records .
" of St. Lucie County, Florida. ~ _ _
_ - / ~D/ ~ GOS+ _d/aa_pppf.S'' - -
This mortgage is made in a~:cordance with Construction Loan Agreement
of even date herewi~h, between the mortgagee and the mortgagor, which '
by reference is made a~part of this mortgage. _ :
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Notwithstanding anything in Lhis mortgage or the note which it secures :
to t~e contrary, total interest, as defined under Florid'a-usury~laws, a
due~on said obligation shall-not exceed 10$ per annum if mortgag~r b~
an individual or 15$ per annum if mortgagor be ~ corporation, and if
said note and mortgage do not run for the full term provided therein, ~
~ (whether because of the exercise b~ mortgagee of a right to accelerate,
or because-of prepayments from mortgagor or fr4m insurance proceeds, or ;
because of any~o~her reason), the full remaining~balance due hereunder "
payable at any time prior to maturity shall be computed and charged so
as not to exceed the aforesaid limitations. ~ ~
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I; Toc~rtr~.x ~.•ith a1i the impr~ovements now or hereafter erected on the property, and aU easements, righb, ~
~ app~!-tcnances, rents, ro}~alties, mineral, oil and gas rights and profits, water, water rights, and water stock, ~
and all fixtures now• or hereafter attached to the propPrty, ail of which, including replacements and additions ~
' tfierrto, shall be dcemed to be and remain a part of the property covered by this_ \fortgage; and all of the .
foregoing, together ~~•ith said property (or the lea5ehald estate in the event this Mortgage is on a~ leasehold) _ ~
are herein referred to as th~ "Property". , _ `
f Borro~scr co~•enants that Borrower is lawfully seised of the estate hereby conveyed and has the right ~
- to murt~age, grant and convey the Property, that the Property is unencvmbered, a~nd that Borrawer wiU warrant ~
~1nd Jcfend ~rnerally the title to the Property against all claims and demands, subject to any easements and - ~
restrirtions listed in ~ schedule of exceptions to c~civerage in any title insurance policy insuring Lender's inierest ~
in the Property. - - - - s
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f'LORjDA-FHI.~iC-ShoR Form-~/7'I-1 to ~ famlir ~
- R£TL1RN 70 ` ~ ~
SOU7HERhl FEDERAI. SAVlNGS AND d R~~ ~PAGE~;rVW
- LO:~N ASSOClA?I~N OF BROWAR[? C{?i17diY $u~K . ~
3455 n;MP"N SEp,Cii~FLORIDA~3V3062. ~ ~
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