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f:ETURN TO:
GLENDALE FEDERAL \
CONSUM~R LOAN DEF"AFi'CMENT ~ ~
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' . O . HOX 40?i ~3~ ~ F"^ ; _ ~~n~r~cr.ns nrxoN
FT. LAL~pERllALE, FL ~334~~ l~a:u .
~ LL;is C'c:tr.ty
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. NOMEMADE LOAN MORTGrAGE
THIS MORTGAGE ("Secxirity InstrumenY') ia dated JAPJUAFI' 18 9<~9 . The moRpa~or II
'~fICHAEL D JEFFERS AND LISA A JEFFERS, HIS WIFE
("eorrowe~').
T h is Security Inatrwteni ia given to Giendale Federel Bank, Federal Savir~a 8ank, which is organized end existing under the laws of the United Stetes of
America, and whose addresa ia 301 East Las Olas Boulevard, Fort Lauderda{e, Floride 33301 ("Lender"). Bonower owes Lender tha drincipal wm oi
Fifteen Thc~~~sarid Si;;ty 5eve~~ and 79/lUt~'S
(U.S. t ~ 15 , i~67 . 79 This debt ia evidenced by Borrowers Homerrbde Loan Nota
and Disclosure Statement ("Note"~, dated the aame date as this Security Inatrument, requiriny monthly payments, with the tuil debt, H not paid earlier, due -
and payable on Januar y! 8, i 995 .This Security Instnxnent secures to Lender the
repayment of the debt evidenced by the Note, with interest, and all renewals, etttenaiona, and modifications; the pttyment of all other sums, with interest,
advanced in accordence herewith to protect the security of lhis Securirj Instnmer~t; and the performance of Borrowers covenants end a~reementa under
th is Security Instnnnent and the Note. For this purpose, Borrower does hereby mortqage, grant and c~nvey to Lender the toflowing deacribed property
~ocated inST LUC I E County, Florida:
' ~_~?7 '7 , RLOCF:' 1285 , F'ORT 5T LUC I E, ~ECT I ON TWELVE , ACCORD I t~G TO THE F'LAT THEREOF
1~ ~CCORDE~ I~1 r=~LHT B[70f:: 1~, F•AGE_S J J~ .cJJA THROUGN 55G ~F THE F~~~L I C F:EC~RDS
~_+F Sfi LUC I E CGlJNTY , FLGR I I)A .
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; ~ STATE oF ~LORiDA't
; ~;z ~ DOCUMENTARY k STAMP TAX (
E c OEoT. (!F REYENUF
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cg - JAM25'90
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~ which has the address of ~~.~-7.. SW GEPJCFiAL F'ATO~J TE~;F;FiCE F'OF;T ST LUC T E FLOR I DA 34~/53 '
TOGETHER WITH all the improvements now or hereattef erected on theproperty, al! easementa, righta, appurtenancea, renta, royaities, water rights
a nd a!I fixtures now or heresfter a part of ihe property. Ail replacements and additions shatl atso be covered by this Security Inatrument. All ot the foregoing
is reterred to in thia Securiry Inatnxnent as the "Property"
Borrower covenanta that Borrower is lawiully seised of the estate hereby conveyed and haa the right to mortgage, grani ana convey the P~operty 8nd
that the Property ia unencumbered, except tor encumbrances of record. Borrower warranta and will detend generally the title to the Property agai~st all
~ claims and demands, subject to eny encumbrances of record.
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~ COYENANTB. Borrower and Lender covenant and agree ss followa:
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1. Payn~nt ot P?Inclpal and InNrosf. Borrower ahall promptly pay when due the principal and intereat on the debt evidenced by the Note, together with~
any late charges and ather charfles aa provided in the Note and this Security Agreement.
2• Applicatlon ol Parntnb. Unl~s applicable law requires otherwise, alI payments received by Lender under para9raph 1 ahall be applied first to
interest payable on the Note, then to other charges payable under the Nate and this Security Instrument, and then to the principal of the Note.
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