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' SU1QZ5 THIS IN8TRUMENT WAS PREPARED 8Y:
CITIi[Ni FED[RAI. [AVINGf ANO LOAN
ASiOC1AT10N OI iT. I.UCI[ COYNTr
100 f. I[D[RAL NIGNWAT. IT. II[RC[. I{.ORIDA
C. R. MCOONAI.O, JR., G[N[RAL CO~INf[I.
RENEGOTIABLE RATE
MORTGAGE x22047409
(SHORT FORM)
THIS MORTGAGE is made this 23rd day of September _ ,
19=,between the Mortgagor, Larry E. Garrett and Bonita G. Garrett, His Wife
_ (herein "Borrower"), and the Mortgagee,
CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY. a corporation
organized and existing under the laws of the United States of America, whose address is 1600 South Fed-
eral Highway, City of Fort Pierce, County of St. Lucie, State of Florida, (herein "Lender"). 3
WHEREAS, Borrower is indebted to Lender in the principal sum of Thirty Nine Thousand
Ei aht Hundred and No/100----------------------------Dollars, which indebtedness is evidenced
by Borrower's note dated September 23, 1980 .(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 February 1, 2011
'I'O SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest ~
thereon; (b) the payment of all other sums, with interest thereon, advanced in accordance herewith to
protect the security of this Mortgage; (c) the performance of the covenants and agreements of Borrower
herein 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 hereof 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:
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Lot 21, Block 71, LAKEWOOD PARK UNIT 7, according - '
to the Plat thereof as recorded in Plat Book 11,
Page 13 of the Public Records of St. Lucie County,
Florida. }
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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 i
thus subject to adjustment.
),7~ _
Rf.~1fED: 79.60 IN PAri~£NT OF TAXES - - - , t
CJE 0?I CIASf 'C' INTA.ti6'BLE P~FSOt11?L PROPERTY. - ` ~ `
FC.iSti.U1T TO CNAPTEt 11--~{, ACTS OF 1111. ~ I)-~ .'/'~i~ni~t~i~`' ~ =_•~t..`
tLtAK gRCIpT COYRT, ST. LW-IE C6., F1A.~' ~ _ ,t r 1~'9G ~ ~~~~~-,::a~ ~ ;J 9. ~ O , l
y ~ - ~ M~ s t -
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which has the address of 7503 Santa Clara Blvd. ,uu Fort Pierce
. F 1 or i da 33450 (herein "Property Address"), IsTREETI (CITY1
TOGETHER with all the improvements now or hereafter erected on the property, and-all ease-
` ments, rights, appurtenances, rents, royalties, mineral, od and gas rights and proFita, water, water rights, and
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 all the foregoing; together with said property (or the leasehold estate if this Mortgage is 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 gene the title to the Property against all claims and demands, subject to any declar-
ations, easements or re ctions listed in a schedule of exceptions to coverage in any title insurance policy
insuring Lender's interest in the Property.
FLORIDA - BtWRT FORM - 1 m 4 FaRINy - Wld - FHUMC UNIFORM INSTRUMENT
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