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Home My WebLink About1669 Acct~~9030601 ~oz~ast . Th~s instrument was prepared by: Chelsea Title Company J _ , ~°~°+S ~~DOUO[,A9 DTXON 805 Virginia Ave. , Ste. 25 ~ ~ _ - _ St [.ucie Cc+~~ntv s n' ~ Cler{, u: i';:,,;. Ft. Pierce, Florida 34982 u , i 8y ~ . j~ a v D~+kY Clsdt MORTGAGE 25tn January t9 90 ~tweentheMort a or, hORVAL A. OLIVER THIS MORTGAGE is made thls day of 9 9 AND CLARA C. OLIVER~f ST, LUCIE County, Florida 3 Z982 , Iherein ~~Borrower"?, and the Mortgagee,7LKaY~l~f HIS W~.~FE COMPANY, INC., a corporation organized and exiting under the laws of the State of I3ew York, ~{~{gxxxxxxxxxxxxx~~~xaxxxxxxxxxxx~ardtioY xxxX __Z~xxxx(herein ••~ender~~~. whose address is 5404 Cypress Center Drive, Ste. 260, Tampa, Florida 33609-1097 W HEREAS, Lender has agreed to make advances to Borrower from time to time as requested by Borrower pursuani to the terms of a line of Credit Agreement, Note and Disciosure dated ~anuarv 25 , 19 90 , and any extens~ons, renewalc or mod~fications thereof ("Note"), up to the principaf sum of U-S. ~?0 .600. 00 , which advances are and shall be evidenced by the Note providing for monthly instaflments oi princ~pal and interest, with the balance of ~ndebtedness, if not sooner paid, due and payab{e on .1a~~~ar~~F~~ TO SECURE to Lender the repayment ot the indebtedn2ss evidenced by the Note including all future advances thereunder with interest therean: the payment ot aN other sums, wiih interest thereon, advanced in accordance herewith to protect the securlty of this Mortgage; and the performance of the covenants and agreements of Borrower herEin contained, Borrower does hereby mortgage, giant and convey to Lender the toilowing described property loCated in the County of _ St . Lucie , State of Florida: Lot Block 4, Orange Blossom ~states Second Addition, according to the Plat thereof recorded in Plat Book 14, Page 2 of the Public Records of St. Lucie County, Florida. _ _ ` r' r~~ _ ~ r ~ r- ? ~c : ~i ' DG~'v~:3' ?~'ACY - STAMi' ! ~ ~ ~ . - -i ; t r~.s: . - ~ , ' i~~~' ~ ; i , >p :ANy''~:t ' ,.Ss•~f.': ~ ~ , ~ I - - _'-s~- _ . ~ t ~ .sh~ch has the address ot _ 2402 _Hol~da.x_Court , Ft . Pierc~ Flarida 34982 , Florida (herein "Property Address"?: ~ - - f ¢ TOGETHER w~th ail ~mprovemants now or hereatter erected on the property, and all easements. r~ghts, appu:tenances and rents, all ot h~ch shall be deemPd to be and remain a part ot the property covered by this Mortgage; and all of the foregoing, togeth2r wrih said property (or the t ~asehold estate ~f th~s Mortgage ~s on a leasehcld) are here~nafter referred to as the '~Property". i i 8orrower covenanis that Borrower is lawfully se~sed of the estate hereby cc~veyed and has thE right to morfgage, g?ant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that Borrower w~rrants and will defend ~ ~,enerally the title to the Property aga~nst all daim and demands, subject to encumbrances of record. UNIFORh1 COVENANTS. Borro~nrer and Lender covenant and agree as foliows: 1. Payment of Principal ansf Interes4. Borrower shall promptly pay when due the principal and ~nterest ~ndebtedness evi~enced by the r,ote and late charges as provided in the Note. ~ 2. Funds for Taxes and Insurance. Subject to applicab~e law or a wntten waiver by lender. Borrower shall pay to Lender on the day -nonthly payments ot principaf and interest are payable under the Note, untfl the Note is pa~d in full, a sum (herein "Funds") equal to one•twelfth o! ° the yearly taxes and assessme~ts (includ~ng condominlums and pfanned unit development assessments, if any) which may attain pnonty over this ' '~lortgage and ground rents on the Prop?rty, ii any, plus one-twelfih of yearly premlum instaUrnents for hazard insurance, plus one-twelfthot yearty ~ ;remium ~nstallments for mortgage insurance, if any, all as reasunab!y esilmated initially and from time te t~me by Lender on the basis of ~ assessmenis and b~lls and reasonabte eshmates thereof. Borrower shall not be obllgated to make such payments of Funds to Lende~ to the extent ~ :rat Sorrower makes such payments to t~e holder of the Sensor Mortyage (,as here~naiter def,nedf. ~ _ If Borrower pays Funds to Lender, the Funds shall be held in an inst~tut~on the depos~ts and accounts of which are ~nsured or guaranteed hy a Fedesal or siate agency ~mcluding Lender rf Lender is such an inst~tut~on~. Lender shall apply the Funds to pay sa~d taxes, assessments, i~sur- ar,~e prem~ums and ground rents Lender may not charge t~r so hoidtng and applying the Funds, anatynng said account or venfying and compiling sa~d assessments and b~ils, unless Lender pays Borrower iMerest on the Funds and applicable law permits Lender to make such a charge. 8or- rower and Lender may agree ~n writing at tne t~me of execuUon of this Mortgage tt~at Interest on the Funds ~hall be paid to Borrower, and unless such agreemenl ~s made or appi~cabfe law requires such tMerest to be paid, lender shall not be required to pay Borrower any interest or eamings : ~n the Funds. Lender shall give to Borrower, w~thout charge, an annual aCCOU~ting of the Funds showing credits and debrts to the Funds and the ;,urpose br whlch each deb~t to the Funds was made. The Funds a~e pledged as add~tional secunty for the sums secured by this Mortgage. a It the amount ot the Funds hetd ny lender, togei~e~ wlth ~he future monthly mstallments of Funds payaCle prlor to the due dates of taxes. ` ~ssessments. ~nsu~ance prem~ums and ground rents. shall exceed the amount required to pay sa~d taxes, assessmerts, insurance prem~ums and ~ -;round rents as t~ey fall due. such excess shall be. at Borrower's opt~on, e~ther promptiy repa~d to Berrower or credited to Berrower on monthly ~ ~nstallments ot Fu~ds tF the amo~nt of the Funds hetd by Lender shall not be suffiCient to pay taxes, dssessments, insurance premiums and ~ :,round rents as they fall due. Borrower shai! pay to lende~ any amount necessary to make up ihe defic~ency m one or more payments as Lender mdy requue. Upon payment m fu11 of all sums secured by this Mortgage. Lender shall promptly refund t~ Borrower any Funds hsld by Lender. If under ~~aragraGh 17 hereof the Property ~s sold or the Properiy ~s otherw~se acqu~red by Lender. Lender shall appiy, no later than imrned~ately pnor to the -a!e of the Property or its acquis~i~on by Lende~. zry Funds held by Lender af the t~me of apQl~cat~on as a cred~t~ Aa~qst ~§ums se~rgd~~s ~,tor;yage ~ 6 5 PAGE ~ 6001( -=s-~.~~`' z ~"~3~~.~~~'.~~~~~,~f";'~