HomeMy WebLinkAbout0959 ~ ~ '7a~~4
THIS INSTRUMENT PREPARED BY:
Considine ~ Considine, P.A.
~ 1655 Pal~ Beach Lakes Blvd. ~
- Suite 816
West Palm Beach, FL 33401
!lORTGAGB
THIS MORTGAGE is made this day of May, 1985,
between the Borrower, Joseph G. Nagel a/k/a Joseph O. Nagel
and Mary E. Nagel, his wife, (herein "Borrower"), whose
past office address is 8103 S. Indian River Drive, Fart
w Pierce, Florida 33450 and the Mortgagee, A.P.P. FEDERAL
CREDIT UNION, whose address is 1910 Florida Mango Road,
West Palm Beach, Florida 33409 (herein "Lender"). h~
WHEREAS, Borrower is indebted to Lender in the principal ~a
sum of Fifteen Thousand (S15,OOO.OOD Dollars, which
indebtedness is evidenced by Borrower's Promissory Note
daied May 1985, (herein "Note"), providing for
payments of principal and interest, with the balance of
the in ebtedness, if not sooner paid, due and payable on
April 1990.
TO SECURE to Lender the repayment of the indeb±~edness
evidenced by the Note, with interest thereon, the payment
of all other sums, with interest thereon, advanced in
accordance herewith to protect the security of this Mortgage,
and the performance of the covenants and agreements of
Borrower herein contained, Borrower does hereby mortgage,
grant and convey to Lender its right, title and interest
in and to the following described property located in the
County of ~keechobee, State of Florida:
SEE EXHIBIT A ~
TOGETHER with all the improvements naw or hereafter
~ erected on the Property, and all easements, rights,
appurtenances, rents, royalties, mineral, oil and gas rights
~ and profits, water, water rights, and water stock, and
all fixtures now or hereafter attached to the Property,
y all of which, including replacements and additions thereto, ~
- shall be deemed to be and remain a part of the Property rt
~ covered by this Mortgage; and aIl of the foregoing, together ~
with said Property are herein referred to as the "Property". ~
_ ~
- rr
Borrower covenants that Borrower is lawfully seized ~
of the estate hereby conveyed and has the right to mortgage,
` ~ grant and convey the Property, that the Property is o
, unencumbered, and that Borrower will warrant and defend u,~
~ generally the title to the Property against all claims 'b ~ N
~ ~ and demands, subject to any declarations, easements or a•+,dp;
; ~ restrictions listed in a schedule of exceptions to coverage
" in any title insurance policy insuring Lender's interest
~in the Property. w t~ a+ .
~ ~ c~'i o ~
Borrower and Lender covenant and agree as follows:
~ ~
1. PAYMENT OF PRINCIPAL AND INTEREST. Borrower shall r'a a.
promptly pay when ~ue the principal of and interest an W~~
~ the indebtedness evidenced by the Note. wv,m
~
0 50
2. APPLICATION OF PAYMENTS. All payments received ~ ~
by Lender under the Note and paragraph I hereof shall be o,
applied. by Lender first in payment of interest payable ;
on the Note, then to the principal of the Note. ~
~r
3. CHARGES. Borrower shall pay a11 taxes, assessments ~
and other charges, fines and impositions attributable to ~
the Property which may attain a priority over this Mortgage, ~
by Borrower making payment, when due, directly to the payee
.
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