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. ' M O R1~`C~~G E
THE PROMIS80RY NOTE SECURED BY THI8 MORTGAGE CONTAINS RENEGOTIABLE INTEREST RATE
PROVI810N8. THE INTEREST RATE AND MONTHLY PAYMENT8 CALLED FOR SY SAID NOTE ARE THUS
SUBJECT TO ADJUSTMENT.
THIS MORTGAGE is made thiq 3RD day of SEPTEMBER, 1980 between the Mortgagor,
RICHARD W. LUNDGREN AND nATHLEEN LUNDGREN. HIS WIFE
(herein"Borrower'), and the Mortgagee, First Federal Savings and Loan Association of MartiriCounty, a corporation
organized and existing under the laws of the United States of America, whose address is 989 South Federal Highway,
Stuart, Florida 33494 (herein "lender').
WHEREAS, the Borrower is indebted to Lender in the principal sum ol..-~ f X6000. 00)---
---FIFTY-SIX THOUSAND AND NO /100 THS--_ .
Dollars, which indebtedness is evidenced by Borrowers note dated herein "Note'q,
a copy of which is attached and incorporated by reference, provided for monthly installments of principal and
interest, with the balance of the indebtedness, it not sooner paid, due and payable on
OCTOBER O1, 2010. •
TO SECURE to lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the ,
payment of al I other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mort-
gage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayment of
any future advances, with interest thereon, made to Borrower by Lender pursuant. to paragraph 21 hereof (herein
"Future Advances"), Borrower does hereby mortgage, grant and convey to Lender the tollowing described property
located in the County of ST . LUC I E
State of Florida:
A CONDOMINIUM PARCEL DESIGNATED AS UNIT NO. 812 OF SAND DOLLAR
VILLAS CONDOMINIUM C. ACCORDING TO THE DECALRATION THEREOF.
RECORDED JUNE 3_.-1980. IN OFFICIAL RECORDS B00>\ 332, PAGE 1133.
RUBLIC RECORDS OF ST. LUCIE COUNTY. FLORIDA.
tt~o s a. a tN ~~r'aatr or TIUtp
oo fsUE cr curs •C t11T)Jt6'BlE PcRSONAI MtIPERiY,
~i PtIRSUAfIT TO ~tt~PTE't 71-r:~. ACTH Of X11.
i206~ PutTi~As
txmc tuctnr cafaT, >n taaE coy. tir~~~' s . - ,
THE FAILURE OF THE MORTGAGEOR HEREIN TO .COMPLY WITH AND ABIDE
BY, AND TO PAY ALL THE ASSESSMENTS REQUIRED OF SAID MORTGAGOR
~ WHEN DUE. PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
SAND DOLLAR VILLAS,
AS AFOREDESCRIBED AND ON EXHIBIT THERETO, SHALL CONSTITUTE AN
EVENT OF DEFAULT UNDER THIS MORTGAGE.
THIS INSTRUMENT PREPARED BY: _ _
FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
PO BOX 989, STUART, FLA. 33494 ~ ~ _ ~ ' ,
BY: MARY B. HALLICY _ _ _ _
LOAN NUMBER 0020045711
which has the address of 7440 OCEAN BOULEVARD, FT _ P'IERGE. FLORIDA 3340
IStreeO (C~ty1
q (herein "Property Address'7.
3 ~Sta1e and 2rp Codet
~ ~
( TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights.
appurtenances, rents, royalties. mineral, oil and gas rights and profits, water, water rights, and water stock, and all fix-
lures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be
deemed to be and remain a part of the property covered by this Mortgage: and all of the foregoing, together with said
property (or the leasehold estate if this Mortgage is on a leasehold) are herein referred to as the "Property'.
Borrower covenants th8t Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage.
grant and convey the Property: that the Property is unencumbered, and the Borrowerwill warrant and defend generally
the title to the Property against all claims and demands, subject to any declarations, easements or restrictions listed ~
in a schedule of exceptions to coverage in any title insurance policy insuring Lenbers interest in the Property. - ~
RENEGOTIABLE RATE FFMC (6/80) (~~Q
600KtJtx,7 P~~ 185
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