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Home My WebLink About0997 a ~ . • ' CQlEiCIAL l~tTGAC~ V`~`~~ ~ ' THTS MORIGAG£ ("Security Inatruoent") ia given on ~ 1985. The aortgagor is JORGE F. MURGIO and MARTA li. MURG10, his Nife ("BorraKer"). This Security I atrument is qiven to F1RST CITIZENS FEDERA~ SAVINGS d~ LOAN ASS~IATTON, which is orgenized end existing uider the la~re of The United Stetes of M~erice, enci whose address ia P.O. BOX 3750~ FORT PIEfiCE~ FLORIDA 33448-3750~ 1600 SOUTN FEDERAL HIGtMAY~ FT. PIE(~E, Fl. ("Lender"). Borrower o~rea Lender the principel aua~ of Two Hundred Thousend end No/100 Dollars (U.S.s200,000.00). This debt is evidenced by Borro+ror's note dated the sa~e dete as this Security Instrwent ("Note")~ r~hich providea for wonthly peyaents, with the full debt~ if not paid earlier, due and peyeble m April 1~ 2000. Thia Security Instrwent aecures to lender: (8) the repey~ent of the debt evidencad by the Note, with intereet~ and all reneNals, eztensions end wodificetions; (b) the peysent of all other suss~ with intareat, edoenced under paregceph 7 to protect the security of this Security Instruoent; and (c) the perfor~ance of Borrorrer's cavenants end agreesents under this Security Inatru~ent and the Note. For this purpose, Borrower does hereby wortgege, grant and co~vey to Lender the following described property located in lndien River County, Florida: Beginning at the Northwest corner of Lot 8, Block 2~ of the REVISED MAP ff FORT PIEFC E BEAC H, ~ b~/ as recorded in Plet Book 8, Pege 29, of the Public Records of St. Lucie County. Florida; thence run N 82°34'37" E~ a distance of 121.28 feet; thence run S 19'19'19" E, a distance of 102.06 feet; inence run 5 ui"Sti=ai~ t, e distance ofi yo.1U feet; thence run 5 82`01'13" M~ a distence of 121.85 feet; thence run S 07°58'47" E, a distence oF 2.00 feet; thence nin S 82'01'13" M, e distence of 52.00 feet; thence run N 07'S8'47" M, a distence of 57.50 feet; thence run N 82°O1'13" E, a distance of 52.74 feet; thence run N 19°13'10" M, e distence of 103.83 feet, to the POINT ff BEGINNING; containing 0.5054 Acres, ~ore or less. rhich has the address of 222 South Ocean Drive, Fort Pierce, Floride ("Property Address"); TOGETHER IIITH all the isproveieents noN or hereafter erected on the property, and all easen~ents, rights, eppurtenances, rents, royalties, mineral, oil and gas rights ared profits, vrater rights and stock and all fixtures now or hereafter a part of the property. All replace~aents and additiortis shall elso be covered by this Security Instruaient. All of the foregoing is referred to in this Security Instrun~ent es the "Property." BORROYfER COVENANTS that Borror+er is leNfully seised of the estate hereby conveyed and has the right to ioortgage, grant end convey the Property and that khe Property is unencumbered, except for encua~brances of record. Borro?+er Marrants and will defend generally the title to the Property against all claims and deiaands. subject to eny encumbrances of record. ~ THIS SEC URITY INSTRI~hT combines uniforA covenants for national use and non-uniForm cooenants with lin~ited variations by jurisdiction to constitute a uniforw security instrument covering real property. UNJFORl1 COVENANTS. BorroMer and Lender covenant and agree as follows: l. Pa~r~~t ot i'rincipal and Interestf Ptepaq¦ent and Ldt Chttgss. BorroMer shell pro~ptly pay rihen due the principal of and interest on the debt evidenced by the Note and ar~y prepaya~ent and lete charges due under the Note. j 2. Furds far T~x~ ard Irrurarics. Subject to applicable laM or to a~rritten weiver by Lender, Borrov+er shall pay to Lender on the day wnthly pay~ee~nts are due under the Note, until the Note is paid in full, a sum i {"Funds") equal to one-tivelfth of: (a) yearly taxes and assessaients Nhich ~oey attain priority over this Security j Instrument; (b) yearly leasehold payiaents or ground rents on the Property, if any; (c) ~early hazard insurance ~ prea?iurns; and (d) yearly mortgage insurance pren~iums, if any. These itews are ceiled "escroN iteas" Lender aiay ~ estiieate the Funds due on the besis of current data end reasoneble estir~ates of future escra+ itens. The Funds shall be held in an institution the deposits or accounta of ~hich are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender niey not charge for holding and epplying the Funds, anelyzing the acco~t or verifying the escra+ iteais, unless Lender pays Borro~+er interest an the Funds and applicable la?r permits lender to aiake such a charge. BorroMer end Lender aiay agree in ?rriting that interest shall be paid on the Funds. Unless an agreeeient is made or epplicable laiv requires interest to be paid, Lender shall not be required to pey Borro?ver any interest or earnings m the Funds. Lender shall give to Borrower, Nithout cherge, an annual eccounting of the Funds sho?ving credita and debits to the Fu~ds ard the purpose for ?fiich each debit to the Funds ?vas mede. The Funds are pledged as additional security for the sus~s secured by this Security Instruaient. If the a~ount of the Funds held by Lender~ together with the future monthly payisents of Funds payeble prior to the due datea of the escrow itea~s~ shall exceed the a~wunt required to pay the escroM items when due the excess shall be, at Borrorrer's option~ either prarptly repaid to BorraMer or credited to Borro++er m mankhly paynients of Funds. If the amount of the Funds held by Lender is not sufficient to pey the es~roa items vhen due, Borrower shall pay to Lender any aaaunt necPSSary to aiake up ti~e deficiency in on~ or more payments as required ~ by Lender. ~ Upon payment in full of all sums secured by this Security Instrument, Lender shell pramptly refund to ~ Borro?rer an Funds held b Lender. If under ara r i9 the Pr ert is sold or ec ~ Y Y P 9~ oP y quired by lender, Lender ` shell apply, no leter than immedietely prior to the sale of the Property or its ecquisition by Lender, eny Funds ~ held by lender at the time of epplication ag a credit ageinst the swas secured by thia Security Instrua~ent. t 3. !lpplication pf P~r~ents. Unless applicable law provides otherwiae, all paywents received by Lender ~ under paragrephs I and 2 shall be applied: first, to lete charqes due under the Note; second, to prepayioent . ~ charges due under the Note; third, to a~nounts payeble under paragraph 2; fourth, to interest due; and last, to ~ principal due. ~ C Liens. 6orrower shall a all taxes assessments char es fin~s end ~9~i P Y . • g, iaipositiona ettributable to the Property ?vhich a~ey att un priority over this Security Inatrunent, ard leaseMld payaients or grounds renta, if any, Borrarer shall pay these obligations in the ~enner provided in paragraph 2, or if not paid in that ~ ~eanner, Borrower shall pay thaa on ti~e directly to the person owed peycaent. Borro.rer shall praaptly furnish to Lender all notices of aawunts to be paid under this paragreph. If FbrraMer mekes these payments directly, Borrower shall prosptly furnish to Lender recsipts evidencina the peymente. . ~ ~ 8~~~60 p~rE 997 - ~ ~ ~ - ~ ~ ~ - - - - 5..:~,~e .r~~ ~ --r's~- ~ie.-. ~ ~ ~ ° ~.~,..a