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HomeMy WebLinkAbout0887 2204809? - ~24~ THIS INSTRUMENT YNAS PREPARED 811: CIT12EN5 FEDERAL SAVINGS ANO -LOAN ASSOCIATION Oi ST. LUCIE COUNTY 1f00 f. FEDERAL HIGHWAY, FT. FIERCE, F~.ORIOA C. R. INCOONALO, JR., GENERAL COUNSEL RENE60TIABLE RATE - MORTGAGE (SHORT FORM) THIS MORTGAGE is made this 3rd day of October 19=,between the Mortgagor, Ivan Franklin Harber, Jr. and Katherine Ann Harber, h_is 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"). e 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 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 S t . Lucie State of Florida: - Lots 16 ~ 17, Block 1, FLORENCE M. HATCHER SUBDIVISION, according to the s Plat thereof as recorded in Plat Book 10, Page 7, Public Records of St. Lucie County, Florida. F 3 3 i The PROMISSORY NOTE secured by this MORTGAGE contains renegotiable ~ interest rate provisions. The INTEREST RATE and MONTHLY PAYMENTS f called for by said Note are thus subject to adjustment. a.~~:__.• ~ iao.oa r,: Pa":'!`~T CF T~xEt P: .'i't 'is..... 7'- ~ '-:I~ ur 1371. CL!nl( Li: +.UiT C~B.:T, ST. ?U-iE COy FL#.8~ s which has the address of 3510 Hatcher Street, Fort Pierce~,Florida 33450 (herein "Property Address"); ISTREETI (CITYI t 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 . 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 insuring Lender's interest in the Property. FLORIDA -SHORT FORM - t to 4 Family - 9116 - FHLMC UNIFORM INSTRUMENT c~ ~ 80UK3~ PAGE - a. - - ~ .