HomeMy WebLinkAbout2404 .f ~ , _ ~
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This instrument ~vas prepnred by: :
~ C. William Lewis ?
Tndiar~~~ River~~~Fed~ral Savi.ngs ~
. ~ and Loan ~Association €
- + MORTG.r~GE ~ P•o• soX ia9$ ~
Ft. Pierce,- Florida 33450
THIS 1~tORTGAGI: is ~nad~ this 13~tt.s day of M~Y , 19_Z~ ,
bct~vice~i thc tiortga~or, _~y_ril___~c~wards and_~~~ol^i_r~~=_~~~~~~his _wife_ ~ ~
~ ' - (hcrcin "Borro~ver"), ~
ai~d thc l~fortgagcc, Indian Ri:~er Fcdcral Savings and I.oa~i Association, a corporation arganizcd ~
~ anci existing u~ider the la~~~s of the United States of Am~rica, ~~~hose address is Vero Beach, Florida ~
- ' herein "I.ender" ) . . - ~
- ~`TIiF.Rt;AS, Borro«cr is indebtecl to Lender i~? tl~e i~i•ii~cipnl siun of Fifteen thousand ,
ant~ ,_r~Q/100.-------.------Dollars, ~~•hich indebtednc~s~ is e~~idenced b~• Rorro~~•e~•'s iiot~ of even d-
date here~~•itL (herein "\TOte"), pro~~iclin~ for montl~lr instnllments of principal mul intc~rest, ~ritl~ ~
tlie b~l~nce of tlie indebted~iess, if ~iot sooiier p:~id, (~l1C~i111(j pt1~'t1UIE' OIl Ji1T1G' _1,.. 1995 . • ~
To SECt~xti to Lender the reptiy]11Cllt Of t~IC I11fZ('UtC(~11E'SS C~•ideuced h}• tlu~ \oit~, ~citli intc~r~~~i ~
thereo~i, the p~~•~nent of ull other sums, ~vith interest thei•eon, }~cl~•anced in :lccurclfl~ic~e l~cre~cith tu ~
prutect the securit~ti oi tl~i~.:liort~a~e, nncl tLe pcrfoi'I11R11CC ot' tlic con~~en:u?ts ~ncl a~reenicut~ of - ~
. Bori•on~ei• lierei» co»t~iaied, <u~d (h) tlie repti~~me~it of ~im' Flltll:e .id~~.rnce~, ~~•itli intri•est thrr~o~?, t
nuule to Borro~~~er Uy Lender pursu~nt_ to par:i~r~tph 21 1«~reof (herein ".I~'uture .1c1~•iin~~e~''), ~
Borrower does hereb~~ mort~tige, grant :uid coii~•e~~ to Lend~r tlic toll~~~•in~; d~scril,~~cl ~~ro~~ert~~
~ locflted i~~ tl~e Coimt~~ of . St. _Lucie. _ . , Statc oi' I+'lo?•iclzi : ~
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~ , ~ Lot 10, Block 71-~of River Park Subdivision, Y
- Unit 7, a Subdivision according to the P1at ~
- thereof, recorded in Plat Book 12, Pages 41
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~ and 41A, of the Public Records of St. Lucie =
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_ County, Florida. - ~ }
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- ~C AECEIVE
C~ ~C 1NTANGIB?-E PERSOt~ yll. ~
_ ~ ED pC1S Of ~
1 - ~R~Rt~T Z~ ~~P~ER p01
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• . Cl.f~tK CIRCtflj COJR - -
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'Ibc.tiTIiF.I; «•itli all the impro~•e~iiciits ~io~~- ar l~ei•eaftei• c~reetecl o~i tl~e prope~•t~-, illl(1 ~l~I C~5CI118I1tS~ ~
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ri~ht;, appin~ten~nc~s, rents, ro~-~~Itic~s, ~ninc~ral, ~sil ~n~d ~,~s ri~hts anci l~r~fits,_«-~~ter, «-ater ri~hts, -
~u~cl ti~•ater st~~ek, aiicl all fi~t~n•es ~io«• o?• iiei•c~~ifter attac~l~c~~] tc? thc~ ~~ropc~i•t~-, ~tll of «-l~ieh, ineluclin~
I repl~iec~~~ent; ~~nct ~dciitions tl~eretc~, sl~~ll bc~ deeuiecl ta he llll(1 1'(~~uain .i p:u~t of i:ae• ,~ronerh- eo~•eretl -
b~• tl~ic ~Iortn~ge; and all of the fore~oins;, to~;ethc~r ~~~ith said propc~•t~- (or the leasehold est~te _ ~
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- in tlte e~•ent this .lfort~ilaC 1S Olt lc~<isel~olci) ~ire herein ref~rred to as tl~e "Properh•".
Borro«er coven~nts that. Rorron-er is la~~~full}- ~eisccl of the est~te hereb~' ('OIl~'e~•ed ~nd has the ;
_ ri~l~t to n~ortrRgc~, ~r~nt ancl cm~~'~~' th~ Propes ir, th~t the Propert.~- is unencumberecl; ai2t1 thai
. Borro~ti er ~ti ill ti~ arrant and def~nd ~enc~r~ll~•_ the t itle to the Propert~- a~ainst ~ill clai~u:~ aud ciemands,
sttbject~ to anti~ easements ancl resti•ictio~is listecl i;i a schedi~le of exceptions to co~•er~~c in ~n~- title
i~isurance polic~~ insuring Lendei•'s interest. in the Pz•oj~e.rt~~.
LT~ IFOIiTi COVENAYTS. BOTTO~vci• and Lc~idel• covenant ancl agree as follo~vs : -
1. Payment of Prin~ipal cmd Interest. Borron•cr ~hall promntly pay ~vhen dtie the principal of snd interest
~ on the indebtedness evidenced by the I~~ote, prepa~~ment and late charges ~s provideci in the Note, and the prinei- ~
- pa] of and interest on any Ruture Advances secured by this liortgage. _ - ~ i
` 2. Funds fcr Taxes and Insurance. Subject to I.ender's o~~tion under paragraphs 4 And ~ hereof, Borrower s
= shsll pay to I.ender on the day monthly installments of j~rincipal anci interest are payable under the Note, until ;
the Note is paid in full, a sum (herein "Funds") equal to one-t«•elft}i of the yearly taxes and Assessments which ~
may_ attain priority over this ~iortgage, and ground rents on thc ~roperty; if ~ny, plus one-twelfth of yearly pre- ~
= mium instalirc~ents for hazsrd insurance, pius one-~~velfth cf yearit j~remium instailments for mortgage insurance, _
if any, all as reasonably estimated initially and from timc to time by I.cnder on the basis of ~sse.ssments and biils ;
and reasonable estimates thereof. Thc Funds shnll lic held in an institution the deposits or t~ccounts of which are ;
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FLORIDA--FHLt+iC-12/71-I ro 4 Funi1Y BUOK 2~9 Ph~E 2398
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