HomeMy WebLinkAbout0973 ST 47,374 '
~~~4n~ This Instrument Prepared By:
V
Mona T. McCarthy
United Savinge of America, F.A.
P.O. Bnx 2709
Vero Beach, F1 32961,2709
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MORTGAGE
A ril 25th `
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'I'HIS MOR'TGAGE ("Socurity Iastrumeni•') is givai on p
19. 8ft.... T'he mort~sgor is__B~etate..Tbamcs..suLd...Al~acaadzia..Th~ma~,.>bi~s..~wif~..••••r•••~•~•.•••..•.•.~................. ~
...of"'Xnierica ~
A: ~~t~-Horrower'_~. This Security Iastrument ia given w.Uaited~..sa~vf a•- ~
. . which is org~ai~oad aed a~ ;
undar thie lews of The , Uni~ ecl„St ate
s of !A~~~j,~ sad wboee sddraa ia ...~R,~ ..~~t..~t~AL.~tA.V.~A.........
..~.Y.g~.t+lga..~..j.~RI~LT.i{~a...~~.RX.~.dA..~.~.~Q~.....~.':::.~.-,--,----.:.--.-.:..-.--..~-..........-.°---.--.----...("I.todEt"). ~
. . . . . .
Horrower o~ves I.eader the prinapal sum oi' ..~~o?ky..~i~x.. xb~usaad.,...S~x..Hiwdre+d...F3f~g..Do1L~s..and....... ;
,
.AO./.104....~.+.~,*~...,,,~.~.R,..r....,.r,.,~.~,.~+... Dollsra (U.S. 5....26,6~0.0~0.........~ 'I'his ~bt is evida~cad by Horm~ver's no~e
dated the aame date ~ this Secwity Iustrumeat (••Note"), wtuc6 pcovidea for monthly P~Ymeats, writh 1he fnU debt, if not
p~id arlier. due and p~yabk on Qctaber ..Srb,.t1.981...--::._-.---..-......,.. _ T6is Socurity
Instrumaat secuns to I,ec~der: (a) the npayment of the debt evidenood by tbe Note, witb interat. and sll rettw?sb,
e~tensioas and n4odiHcsiions; (b) ihe paYmeat of all other wma, with interest, advanoeci w~der psngrsp~h 7 w p~oteat tlre
securiiy of tbi: Securit~r In~trument; and (c) the perfocmaACe of Borrower's corena~ats aad sgroe~neo~s uader tbis Sacurity~
Iastrumeat and the Note. Far thi: purpose, Borrowes does hdxby martgnie, Srant and oouvry W La~da the foUo~wing
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described property located in ..St.....L~uci~...--..--.........--r-~.R,..,......_._~` Go~ty. Fbsids: ~
A Parcel of land in Section 23, Township 40 East, Range 35 South, described as ~
follaws: Beg3n et waters edge of the Indian River 252 feet North of the South line 5
of Section 23; run West 578.5 feet; thence North 82.5 feet; thence East 26$ feet;
thence North 66 feet; thence East 264 feet to the waters edge of the Indian River; ~
thence run Southerly along waters edge to ~oint of Beginning.
"This is a second mortgage subject on2y to the first mortgage to United Savings of
America, P.A., as recorded in Official Record Book 499 , pa8e 346 , of
the Public Records of St. Lucie County, Florida. Any default in the said firat
mortgage shall constitute a default in th3s second mortgage and the promissory
note which the same secures."
This loan is payable in full at the end of Five (5) years. You must repay the
entire principal balance of the loan and unpaid interest then due. The Lender is
under no obligation to refinance the loan at that time. You will therefore be
required to malce payr~ent out of other assets you may own, or you will have to find
a lender willing to lend you the money at prevailing market rates, which may be
considerably higher or lower than the interest rate on this loan. If you
refinanee this loan at maturity, you may have to pay same or all closing costs
normally associated with a new Ioan, even if you obtain refinancing from the same
lender. ~a~ a0
~ j_ p,syrrient Of Taxes ~S'~
Due On C~ass "C" In;an ;ib:e Personal Pro, erty.
pursuant To Chap er 71, 134, Acts Of 1'971-
ROGER PfITRAS
Cletk C[rcuit Court, b~t. Lu~+ee IC4.. ~4
which has the address of .....XXX.. South„Indian R.~;vgr.. D~.~,X~ ..~A~k..P~e.~c~..
ts~] f~rl
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Florida ...33.45U (••Property Address„); .
[iw codel
ToGErHF.tt WI~H all the improvements now or hereafter erected on the property, and all easements, righta,
appurtenances, rents. royaltics, mineral, oil and gas rights and profits, water rights and stock and alI Hxtures now or
haeaftu a part of the property. All replacem~nts and additions shalt also be oovered by this Security Instrument. AU of the
foregoing is referred to in this Security Instrument as the "Property."
BORROwER COVENANTS that Borrower is lawfulty seised of the eat~te t~ereby convtyed and has tbe ristlt to
mortgage, grant and convey the Property and that the Property is unencumberod, excep~t for asctmsbranoa of reeord.
Horrower ~?arrants and w~ill ddend genesally the titk to tbe Property againat all elaiaos aad danands. subject W wy
enc~umbranoes of ra~ord.
THIS SECURtTY INSTRUMENT combines uniform Covenants for national ,use and nan•uniform coverunb writh
limited variations by jurisdiction to +constitute a uniform ~Ky instruc~~~ ~qv~ re~l property.
• j~~~ :~u' i-'`-' f
gooK 499 P~~E 973
FLORIDA--Single Family-FNhlA/FHLMC UHiFORM INSTRUMENT form 3010 IZ/s3
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