HomeMy WebLinkAbout0349 SU0401 ~
2204]599 ~ THIS INSTRUMENT IkAS PREPARED BY:
CITI2CNS FEDERAL SAVINGS AND LOAN
AifOC1AT10N OF fT. LUCIE COUNTY
1000 f. FEDERAL NIGHWAY. FT. FIERCE. FLORIDA
C. R. MCOONALD. JR.. G[NERA1. COUNfEI.
RENEGOTIABLE RATE
MORTGAGE
- (SHQRT FORM)
THIS MORTGAGE is made this 18th day of _ SFntemhpr ,
1911, between the Mortgagor, _ Dav i d M . Cleveland and Debra L . Cleveland, his w i f e
(herein "Borrower"), and the Mortgagee,
CTI'IZENS FEDERAL- SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY, a corporation
organized and exiting under the laws of the Utited States of America, whoBe address is 1600 South Fed- ' -
tlral Highway, CIty pf Fort Pierce, County of St. Lucie, State of Florida, (herein "Lender"). '
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WHEREAS, Borrower is indebted to Lender in the principal sum of S i xtv Thousand and No/00-
- ----------------------------------------------------Dollars, which indebtedness is evidenced
by Borrower's note dated (herein "Note"), providing for monthly
installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and pay
able on October t ~ 2010
'PO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest
thereon; (b) the payment of aU other sums, with ingest thereon, advanced in accordance herewith to
protect the security of this Mortgage; (c) the performance of the covenants and agreements of Borrower .
hereiJn contained; (d) the performance of the covenants and agreements incorporated by reference hereinto;
and (e) the repayment of any future advances, with interest thereon, made to Borrower by Lender pur-
suant to paragraph 21 heree'~ or incorporated by reference hereinto (herein "Future Advances"), Borrower
does hereby mortgage, grant and convey to Lender the following described property located in the County
of S t . Lucie State of Florida:
Lot 4, Block 777, PORT ST. LUCIE, SECTION 18, according to the Plat
thereof-as recorded in Plat Book 13, Pages 17, 17A through 17K, Public
Records of St. Lucie County, Florida. - f
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The PROMISSORY NOTE secured by this MORTGAGE contains renegotiable
interest rate provisions. The INTEREST RATE. and MONTHLY PAYMENTS -
called for by said Note are thus subject to adjustment.
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~ tlaoeyysd • S'~ M+ ?~n Ot That F
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o C t-` _ c ` rd~ - pwsuaM To Chap~br 71.134, Aatt Oa
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which has the address of 2181 S.E. AideQn~ Street. Port St. Lucie, i=lnrida 3452
(herein "Property Address"); IfTREET) ICITYI
F 'POGETHER with all the improvements now or hereafter erected on the property, and aU ease-
merle, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and i
water stock, and all fixtures 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 aU the foregoing, together with said property (or the leasehold estate if this Mortgage i on a lease-
hold) are herein referred .to as the "Property".
Borrower covenants that 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 that Borrower will
warrant and defend generally the title to the Property against all claims and demands, subject to any declar•
ations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy 4
insuring Lender's interest in the Property.
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FLORIDA -SHORT FORM - 1 to ~ Fim17r -9/76 - FHI.MC UNIFORM INSTRUMENT
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