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Home My WebLink About0977 i ~ 811924 Inan #22123465 Q~l~:IAI. ~D~"~$ i ST 48,608 THIS MxYf('~FIGB ("Se~vrity Instrument") is given an ~~i/ 9 , 1986. 'llie mc~rtgagor is ,&.'110~, INC., a Florida corporatiac~, ard FLI(~if TRAIHING, INC., a Florida corporation, collectively referred to as ("Borr~r") . This Security Instiumant is given to FIRS'f CTTIZ@iS ~DIItAL SAVII~S 6 IAAN AS90CIATION, which is organized mid existing under the laws of 'I~e United States of America, and whnse address is P.O. BOX 3750, F'ORT PIHtCE, FtORIDIA 334G8-3750, 1600 SOUTH F~DFRAL HI(~WAY, F'f. PIF~CE, FL ("Lerider") . Borro~wier ow~es Iender the principal sum of One Hu~ced T1~enty 'I~wsa~d Dollars (U.S. $120,000.00) .'ltiis debt ia evid~ b~ Borra~r's ! note dated the same date as thie Security Inetniment ("Note"), which pravides for monthly payments, with the full ~ d~t, if not paid earlier, due acd payable on April 1, 2017. ltus Se~vrity Inatrument seoures to Lender: (a) the repaym~nt of the de~t evidenced by the Note, with interest, and all renewals, extensions aond modifications; (b) the paym~t of all other sums, with interest, advanced urder paragraph 7 to protect the security of this ~~.~rity instr~~t; ~(c) tt~ perfc~^~e :;f &~rr~r's cc~~~tts ~ r~e~ts ss.~~r this ~~;rity InstYUment and the Note. For this purpc~se, Borr~r daes hereby m~rtgage, grant ard cmvey to Le~der the follwing described property located in St. I~cie Caunty, Florida: Lot 3, Block 15, PII~ID+XXD SUBDIVISION, according to the plat thereof, as recorded in Plat Book 5, Page 24, of the public recocds of St. Iucie Caunty, Florida which has the address of 1017 Mayflowpr Rnad, Fort Pierce, FL 33450 ("Prc~perty Address"); 'IU(£PE~1t WITti all the imprwea~nts now or hereafter erecte~d on the prc~erty, and all eas~rents, rig~ts, appurtenances, rents, royalties, mineral, oil ard gas rights and profits, water rights atd stock ani all fixiures " naw or hereafter a part of the property. All replac~ts ad additions shall also be cwered by this Security I~trument. All of the foregoing is referred to in this Sectirity Instrument as the "Property." BOR[i~R OWF.PIAI~TIS that Borrower is lawfully seised of the estate hereby catveyed and has the rig~t to mort~age, gr~t a~d caivey the Property and that the Property is une~cuu~ered, except for en~uabrances of record. Borrcrwer varrants and will defend generally the title to the Property ag,ainst all claims ~d denads, aibject to ~}r enai~raues of record. 1HIS SFQIRI'IY Il~S'I~JI~Nf c~ines unifocm cw~ants for natiooal use ani nurlmifoim cwa~ants with limuted variations by jurisdiction to canstitute a uniform security instrumes~t cavering real property. U[~IIFtiRM 00!~ENANIS. Borr~r anj Lender cwenant acd agt+ee as follws: 1. Pay~ent of Principal aod Interest; Prepsyoe.nt aod Iate ~arg~a. Borrcyw~r shall prc~mptly pay when due - the principal of and interest on the debt evidenced by the Note a~d any prepay~t and late charges due under the Note . _ 2. Amds fae Tamea ad Insuranoe. Sibject [o applicable laui or to a written Waiver by Lerder, Borrdw~er shall pay to Le~der on the day mac?thly payments are due urder the Note, until the Note is paid in full, a sum ("Fluids") e,qual to ooe-twielfth of: (a) yearly ta~oes and assessments which may attain priority wer this Seairity Instniu~nt; (b) yearly leasehold payv~ts or grwnd r~ts on the Property, if any; (c) yearly hazard insurance F pre~iu~; aod (d) yearly m~rt~age insura~e premiums, if acry. These iteme are called "escrc~w iterB" Iender may ~ esti.mate the P~~ds due on the basis of current data ad reasonable estimates of future escrow items. ~ Tttie Fimds shall be held in an instibution the deposits or accwnts of which are insured or guaranteed by a r federal or state agency (including I.ender if L~der is such an instiwtion). Lender shall apply the Plu~ds to pay " tt~e escrow iteas. La~der ~my not charge for holding a~ applying the F1tt~ds, analyzing the accwnt or verifying the escro~w it~s, unless T~~der pays Borra+~r interest on the Plicds ar~d applic~le law permits Lender to malce I ~ such a charge. Borrc~aer and Lender a~y agz+ee in writing [hat interest shall be paid on the Funds. Unless an I agr~eement is made or applicable law requires interest to be paid, Lender shall not be required to pay BorroWer ~j~ ~y interest or eamings on the F~mds. La~der shall give to Borra~er, without charge, an annual accaunting of the klu~ds showing credits a[~d debits to the i~mds a~d the purpose £or which each debit to the FLcds was made. The Femds are pledged as additional seeurity for the su~ secured by this Seourity Instrument. If the awaunt of the I~rris held by Le+nder, together with the £ubure manthly payments of I~nds pay~le prio~ to the due dates of the escraw items, shall exceed the mnaunt required to pay the escraw items when due the j excess shall be, a[ Bc~rro~wer's vptian, either proaQtly repaid to Borrawer or credited to Borrawer cm mmthly payments of F~ands. If the amount of the Fuads held.by Ler~der is not suffici~t to pay the escrav itesa~ whc~ due, I Borrower shall pay to Lender arry amaunt necessary to make up the defici~cy in one or m~re Faym~ts as required ~ Received ~ ~ i S In Payment OF Taxes D'ue On Class ~~C~~ Intang~ble Personai Prope~ty, Pursuan~ To Chapter 71, 134, A41s Of 1971. DOUGLAS ~IXON, ~ ~ . Clerk Circuil Coun, St. Lucie, Co., fla. I ~ INITIAL HERE r ~ oR 5 P~",!'E 9 7 5 ~,{0 3 ~ 0 ~ ~ - - ~ - = - - _ _ _ . . , _