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~iLS MJR1C'~ ('~Security I~tr~ent") is giv+en an May 22, 1985. ltie m~rtg,a~or is RAY VAN ~1 and .IAI~T
DAVID6CN, ("Barrwer"). This Security Instnmac~ is givpn to FIRSP CITI~S F~i. SAVII~iC£ d I~i4N AS90CIATIQ~1,
~ich is arg~nized ad e~isting mde~r the l.awa of ~e United States of l~aerica, ~d ~ahose sddrese is p.p. g~C
3750, FOIa PIBI~S, FI~ORIDA 334G8-3750, 1600 90U~i EE[ERAi. HI(~i~IAY, FT. P~, FI. ('~.e~d~"). Borro~r uwes
Lender the pcincipal sum of One Hud~red Farty Thousand Dollars (U.S. $140,000.~). Zhia debt is evidenced by i ~
Borrawer's uote dated the s~e date ae this Security Instnane~~t ("Note"), whidi pravides far monthly paym~te I D
with dtie full debt, if cnt paid earlier, ~ue ~d payable aa J~ne 1, 2005. ltua Security Instn~nt securea to ~
Lender: (e) the repaymeat of the debt evide~ced by the Note, vith inzerest, atd all re+~mis, ~cteosioos and
modifi~a[ia~s; (b) ~he payment of all other sums, With interest, adva~ced mder PeragraPh 7 to protect the
security of this Security Instnn~ent; aad (c) the perfo~aoe af Borra~a's ooNenante and egreemente ude~r this
Security Instn~ent aad the Note. Far tfiis purpose, Borrower dces hereby m~rt~ge, ~snt and oonvey to Leder
the follawiqg described prope~rty located in Indiffi River Co~ty, Florida:
11~e East 600 fieet of the North 100.2$ fieet of Lat 174, NARAVIIIA C~lR~, [NTT NJ. 3, acoording to ti~e P1at
thereof, as reoorded in Plat Book 6, Pag~ b2, of the p~lic reoords of St. Lucie County, Florida; IE'~ At~D IXGEpf
ti~a~ part of sa.id pruperty described in Deed Book 187, P~ 75, of the public reoords of St. Lucie Canty,
Florida; A[~D IFSS AND IX~f all ri.~'i[s of way fac U.S. Hig~~ay No. 1.
~ich has ~e address of 3347 Swth U.S. Hig~ray #1, Fart Pierce, FI. 33450 C'Property Ad3ress");
1~0(~1HIR WTl~i all the imprweomts mw or hereafte~r erected aa the property, a~ all easaoeats, rig~ts,
ap~urte~~ces, rents, rnyalties, mineral, oil a~d ~s rig~ts and profita, w~ter rig~ts aad stock aad all fixtures
now or hereafta~ a part of the proper-ty. All replac~ents m~d additia~s shall also be c~vered by this Sec~sity
I~tnment. All of d~e ~oregoing is referred to in thi.s Security I~trurent as the "Property~~~
B(IRROWFR O~IANIS that Borrower is . lm~fully seised of the estate hereby c~oaveyed and has the rigjnt to
mort~ge, 8~ant a~d oonvt.~? the Pmperty ad tfiat the Property is ma~c~bered, esoept ~fnr a~c~obrances of reoord.
Borz~er +~rarrants mod will defend generally the title to the Prnperty a~ainst all claims aod demands, s~ject to
~y a~cumhrancea of ~eoord.
~IIS ~[JRITY Il~iS'IR[~Nf oambines uiifrnem oavenants for natiasal use ad mn-uufoim oavpnants With limited
varistions by jurrisdictia~ to c~oastitute a~nifona security instn~ crnr~eriqg real p~operty.
LN1~UId~ Q7NFI9ANI5. Barrow~er and Lender oo~t aYi agree as fol lo~ws :
l. Ps}¦eiot af Prieeipai ad I~t; PYe:pa~¦ieot aod Ta~e (~~s. Barrowps shall pramFtl; ~y tifi~ due
' the principal of and interest m the debt evida~ced by the Note and aay preprayment and late charges due ~ the
~ ~}ote.
j 2- IRads fac ~oes ad I~ac~ooe. Subject to applicable law ar to a written r~aiv~er by La~der, Borrawpx
~ shall pay to Lender ai the day monthly peymaits are due ia~da the Note, ~til the Note is pai.d in full, a am
("~lnds") equal to aae-t~elfth of: (a) yparly taxes axl asses~+ments ~ich may attain pciority wer this Security
~ Instnment; (b) yearly leasehold payments ar ~ re~ts m the Property, if any; (c) yearly hazard insurm~oe
p~~nii~; ~?d (d) yearly mortgage insurance pr~iws, if aYy. Tt~ese it~s are called "escrar items" L~der maY
estimate the Funds due m the b~sis of curreot data aad reasanable estimates of future escraw itene.
Tt~e F~nds ahall be held ia an institution d~e deposits ac acooints of ~fiich are insured ar g~anteed by a
federal ar state aga~cy <includicag Lend~er if Lend~ is sucfi ~ institutim). Lender ahall apply the Funds to pay
the escrov iteme. Lender may mt charge for bldiqg and applying t~e Fuid,s, anaiyzing the account or verifY~B
the escrow items, ~ailess Leod~er pays Borraaer interest an the Ftmds acd applicablQ la,i peimits Lencier to make
such_a d~arge. &rra~er and Laider mey agree in writing tfiat iaterest shall be paid rn the l~tnds. Unless aa
a~reaaent is made ar applicable l.ai requires interest to be paid, La~der ahall not be required to pay Borro~er
a~?y interest ac earnu~gs aa die Ftinds. I.a~s ahall give to Bacrower, without charge, an auaial accanting of
the F~axis showic~g credits ~nd debits to the Fuads and the purpose fcu which eac~ debit to the Fu~ was maae.
Tt~e Fwd,s are pled,~ed as additimal ~ity for d~e s~s secured by this Security I~tr~t.
If the amo~ant of the F~a~de held by I,e~der, together vitfi the future manthly p~yments of F~asds payable prior
r_o. the dse dates of tfie escrow iteme, shall ecoeed the am~u~t r~equired to pay t~e escraw itens ~fi~ due the
~ cxcess-ahall be, at Borra~'s optim, eithez p~amptly repaid to Borra~x ar credited to Borra,~ an monthly
~ ~xiyments of Fuuls. If the am~nt of the Fu~ds held by I,endQr is cbt suffici.~t to pay tfie escr~ it~s ~fien due,
fio~'row~a shall pay to Lender aay amoia~t nece_ssary to make up the defuiency in one ar mare payments as required
by I..aidex .
Reostied ~ ~?D . On Qa~~O~~~
Due On Gass "C" Intan3ible Gersonal Pro,~erty,
Pursuant To Cha~ter 71, 134, Acts Of 1971.
This instrument prepared by ROGER POITRAS
Clerk Cirtuit Court, St. l.ucie, Co., Fla.
DOU6LAS E. 80NAN0. ESQ.
60NAM0 & NARRELL INIT HERE
Suite 200, Ei#iuas Fed. ~ld~ ~~k/~ C~ ~e)e)
16U0 Sou4h Fedenl Hi~w~r BOOK'i~V PdGE C/JJ
Fort Pierce, FL 33450 - ~
t305) 464-1032
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