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Ht3U5tHUL~ntRtNLpf Y dCe~P~bRobyn L Heigert
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MORTGAGE
ALI. FINAN~E i.HARGE:S POSTPONED UNTIL FEBRUARY 5, 1990
If bor is checked, this mortgage secures future advances.
THIS MORTGAGE is made this 30th day of January ,~g 90
ben~~een the Mortgagor, Robert C Bach and Snelley A Bach, his wife
Iherein "BorroH-er"1, and the Mortgagee, HousehoYd Realty
Corporation , a corporation organized and
existing under the laws of Delaware, whose addrecs is 2 5 4 5 S. Federa 1 Hwy Saba 1 Pa lm
Plaza Fort Pierce, FL 34982 ~herein "Lender"?.
The following paragraph preceded by a checked box is applicabie:
WHEREAS, Borrower is indebted to Lender in the principal sum of $ XXXXXXXXXXXXXXXXXXXXXXX
~~~hich indebtedness is evidenced by Borrower's Loan Repayment and Security Agreement dated X X X X X X X X X X X X X X
and extensians and renewals thereof Iherein "Note"I, providing for monthly installments of principal and interest ai the
rate specified in the Note lincluding any adjustments to the amount of payment or the interest rate if that rate is variablel
and other charges payable at t_ender's address state~ above, with the balance of the indebtedness, if not sooner paid, due
and payable on XXXXXXXXXXXXXXXXXXXXXXXXXX ;
g' WHEREAS, Borrower is indebted to Lend~r in the principal sum of ~ 12 , 500. 00 , or so much
thereof as may be advanced pursuant to Bcxrower's Revolving Loan Agreement dated~ a n u a r y 3 0, 19 9 0 and
extensior~s and renewals thereof (herein "Note"1, providing for monthly installments of principal and interest at the rate
specified in the Note, including any adjustments in the interest rate if that rate is variable, and providing for a credit limit
of ~ 12 , S Q 0. 0 0 and an initial advance of $ 12 , 500 . 00 ;
TO SECURE to Lender the repayment of the indebtedness 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 co~~enants and agreements of Sarrower herein contained, Borrower does hereby nwrtgage, grant and
convey to Lender the following described property located in the County of St . Lueie ,
State of Florida:
LOT 17, IN BLQCK 46, OF LAKEWCOD PARK, UNIT NO. 5, ACCORDING TO THE
PLAT THEREOF, AS RECORDED IN PLAT BOOK 11, AT PAGE 5, OF THE PUBLIC
RECORDS OF ST. LUCIE COUNTY, FLORIDA.
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' TOGETHER with all the improvements now or hereafter erected on the properiy, and all easements, rigi~ts, appurtenances
and rents, all af which shall be deemed to be and remain a part of ihe property covered by this Martga~ge; and all of the
~ foregoing, together with said property lor the leasehold estate if this Mortgage is on a Ieaseholdl are hereinafter referred
~ to as the "Property."
~ Sorrower covenants that Borro~,~~er is lawfull~~ seised of the estate herebS~ com~ey~ed and has the right to mortgage, grant
; and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
that Borrower warrants and will defend generally the title to the Praperty against all claims and demands, subject to
encumbrances of record.
~ Eo~K 6T5 ~~E 1679
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