HomeMy WebLinkAbout0147 1~
~?047854
AAyy/~/~.~ THIS INSTRUMENT N'AS PREPARED BY:
~vv~ A SOC AT ON OF STSLlJC1E COUNTY AN
1f00 i. FEDERAL NIGHWAV, FT. r1ERCE, FLORIDA
C. R. MCDONAl.O, JR., GENERAL COUNSEL
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
THIS MORTGAGE is made this 2nd day of October ,
198_,betweentheMortgagor, Irvin Scott and Mary C. Scott, 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").
WHEREAS, Borrower is indebted to Lender in the principal sum of Thirty Two Thou sand S i x
Hundred and No/00------------------------------------Dollars, which indebtedness is evidenced
by Borrower's note dated October 2 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 March 1 2011
TO 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 St . luc i e State of Florida:
Lot 15, Block 556, PORT ST. LUCIE, SECTION 13, according to the plat
thereof on file as recorded in Plat Book 13, Pages 4A through 4M, of
the Public Records of St. Lucie County, Florida.
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.
v
tI~ Received a n Payment 01 Taros
~
,f ~ Due On Class "C" mtrn~~We ParsOnal Propwty.
~j'? Purwanc To ChsptK 71. 134. Acts of 1>T71.
~t c
- _ _ _ - _ - _ , _ - - - - - ~ ~ aal* clraa>tt ca.R twols~
.
_
~
, _ _.~.~~8.~::_~
_ _ ~ . _
which has the address of Corner of Donna and Taurus Port St Lucie, Florida 3345,3
(herein "Property Address"); IsTREETI (CITYI ,
TOGETHER with all the improvements now or hereafter erected on the property, and all ease= `
ments, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, 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
wanant 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
insuring Lender's interest in the Property.
FLORIDA -SHORT FORM - 1 to ~ Family - 9/76 - fHLMC UNIFORM INSTRUMENT
6~3~0 P~~ 147
_
_ -