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~MtS INSTRUMENT PREPARED ~Ys ~~1044
MICHAEL R. 601t1NGER
YICE P1tE31DfNT
F~RST WTIIEtiS fEDERAI SAViNGS
i lOAN ASSOCIATION
1600 SOUTH fEDERAI H16NWAY
FORT PIERCE, flOR10A 33A50 ~ ~
~iIS lDKi1('~G8 C'Seourity Instnu~oeat") is givai aa April 1, 1985. The mortgagor is MAR4~AI.i. B~Nr WADLEid. a~d
MAI~t E[.I7a~IH WADLELi., hiB wife, ("Borra~er"). 'lhis Seairity I~tniment ie given to FIliST CITI~S PE[F.RAL
SAVII~IGS b L~AN AS.90CIATIfI~1, rhich ie organized ad e~ciating ~der the lairs of T~e Uaited Ststea nf America, and
~o6e address is P.O. B~C 3750, P~0ltT PII~E, PLQ2IDA 33448-3750, 1600 9UT1H HI4i~iAY, FP. P~, FL
("I~r"). Borm~rer wes Lender t3~e principal a~ of Se~enty Five 1t~ousad Dollars (U.S. $75,000.00). lhia
debt is evide~ced by Barra~er's n~te dated tt~e a~oe date ae this Seaurity Inst=ument ("Note"), vhich provides for
montfily paysnenta, vith the full debt, if mt paid earliez, due a~d payable ai April 1, 1986. 'ltiis Seairity
Iuatnam~t aeoures to Lader: (a) the rep,ay~oent of the debt evide~ced by the Note, with interest, ard all
re~ls, exteosians ad modifications; (b) the paymc~nt of all od1er a~s, with intereat, advanced under
paragraph 7 to protec[ tfie seourity of this Seairity I~ostn~ent; acd ~c) t~e gerfiona~nce of Ba~rraaer's caia~ants
a~d ~gc~aoenta ia~der ~is Security Inatnnment ad the Note. For thia purpose, Bo~rn~er does hereby mortgage,
grait and canvey to Lendex the fi~llowing described property located in St. Lticie Caunty, Florida:
Fr~ the SW carner of tfie S6 1/4 of Sectian 27, To~~ship 35 Sout3~, Ra~tge 40 East; run South 89 degrees 38'34"
Fast aloQg t3~ Saud~ line of said Sectina 27 a distmnce of 78.8 feet to the East right-of~ay of U.S. Hi~y
No. 1; thence, nm Norti~ 2 degrees 08'30" West alan4g the said ri~?trof~-way a dista~ce of 300.28 feet to t~ee
FOII~PT OF ~GIlaIING; thence, oantinue North 2 degrees 06'30" 41~t a distance of 300.06 feet ala~g the Eaet
ri~t-of way of present U.S. Hi~way t~b. 1; ti~enoe, nm Sauth 89 degrees 38'30" Eaet a distance of~ 502.43
feet; thence, nra Sauth 2 dc~rees 34'S0" West a diatance of 240.06 feet; thence, nm Narth 89 degrees 38'30"
West a distance of 240.00; ~e nai Sc3uth 2 degrees 34'SO" West a distaace of 60.00 feet; thence, run North
89 degreee 3$'30" West a distmice of 237.60 feet t~o the POINT OF BBGIlaiING.
which has the address of 3500 S. U.S. #1, Fort Pieroe, Flori~a C'Property Address");
'IO(~1HER WTI~i all the imprw~ents noW or hereafter erected an the Property, and all easaoents, rights,
appurten,a~ces, rents, rayalties, mineral, oil ad gas rights aod profits, ~rater rig}~ts ayd stock and all fix~z+es
nov or hereafter a part of the praperty. All replacenents and additi,oos shall also be cwered by this Security
Instn~ment. All of the foregoing ia referred to in t3~is Seauity Inetrmment as the "Froperty."
BORRa+ER oD~VQ~iA~TIS that BareoWer is laifully seised of the estate hereby cm~veyed aod has the right to
mortgag~e, grant aod cazvey the Property a~d that the Property is ia~a?n~nbered, except for ~o~.m~brances of record.
Borro~er warrents and Will defa~d g~~erally tfie title to the Property against all claims and dena~ds, aubject to
ary enaanbrances of recacd.
~IS SEQJRTIY INSI~TlENf ca~obines wufonm cweoants for national use and naru~ifoim cova~nts with limited
vari.ations by juriadictian to co~ostitute a unifoan aecurity inatnunent cwering real property.
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LNIl~i OWFT~ANIS. Barra~er aad Lader covenant aod agree as follas:
j 1. P~mt of Priacipal asd 7nterest; Pc~epe~ent ad I.ate Q~srg~es. Bor~ro~er shall prcuQtly pay when due
F the principal of and interest on the debt evidenced by the Note aod any prepayment a~d late charges due uader the
~ Note.
2. ~tads for ?aoes ad Iararasoe. S~jpct to applicable law ar to a written waiver by L~der, Ba~rraa~er
~ shall p~sy to Lender on the day monthlq payments are due under the Note, until the Note is pai,d in fiill, a e~m
~ ("~s") equal to a~ne-~elfth of: (a) yearly t~ces a~d assesements which may attain priurity aver this Seairity
~ Instnmpsit; (b) yearly leasd~old payrae~ts ar grannd renta on the Properiy, if aay; (c) yearly hazard in~~oe
premiuas; aad (d1 yearly m~rt~age insurance premi.uns, if any. These it~s are called "eacrvw itens" Lada may
estimate ti~e Fu~cLs due an the basis of avn~+ent data and reasa~able eatimates of fuR~re escra,~ it.~s.
'lbe Fuds ahall be held in ai instituti,on the deposits or accannts of which are ineured ar guaraiteed by a
federal or state aga~cy (including Lender if Leader is asch an instibution). La~der shall apply the Fuods to pay ~
the escroW items. Le~der may not charge for holding ayd applying the Fimds, aoalyzing the accaunt or verify~ing
the eacraw itens, unless Lender pays BacroWer interest on the Funde and applicable lav peani.ts Lender to m~ce
~ such a charge. Barrawer aeod La~der may agree in writing that interest shall be pairi on tl~e Fuads. Unless an
~ agreement is made ar applicable I~ requires intereat to be paid, Lender shall mt be required [o pay Bor=oWer
~ ~y intereat ar earnings an the F~nds. La~der ahall give to Bocraaer, without charge, an aonnial acoou~rting of
the Funds ahwing c.adits aod debits to the Fuz~ds a~d the purpose for which each debit to ~e F~aida was made.
~ The Fu~ds are pledged as additwnal seourity far the a~ane sewred by this Seaurity Instniment.
If tfie anamt of tt?e Fundr held by I~a~der, togetf~er with the future monthly pa~ymenta of Ftmds payable prior
~ to the aue datea of the escrow itene, shall acceed the aioount required to pay the esczai it~s due the
e Qaccess shall be, at Barrc~'e aptim, either promptly repaid to Bar~r or credited to Borro~r on monthly
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