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Rs~r : {I. 0 ly P1' .•"dT Cf T.'.X£S 22044653
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p~i,S,: Yt Ta s 71• - i.aS Gf 19]L THIS INSTRUMENT N~AS PREPARED 8Y:
CITIZENS FEQERALSAVINGf ANO LO/~N
H'sf.~? Pil(~S n. ~"O~~ ASSOCIATION OF ST. LUCIE COVMTY
CLERK CiiU11T COYAT, ST• WCIE ~ t~ v Ii00 S. iE0ERA6 NIGHWAY, FTC PIERCE, F40RIDA
C. R. MCOOHALD, JR., GENERAL COUNSEL
' Q~, q S
M~~~~~t~?~E
(SHORT FORM)
THIS MORTGAGE is made this 8th day of 0 sober
19 80 ,between the Mortgagor,, _ Paul O. Sanderson, a married alt arui
Michael J. Ada[tts. a married adult (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 Sixty-three lhotlsand
1ltree Hundred Dollars and No/100----------------- 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 Novmnber 1, 2010
- 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, hucie State of Florida:
Con,dominitm Parcel I~b. 7661 of Cataonaran II, according to the Declaration of '
Condominium thereof, dated July 11, 1980 and filed for recording ,Tiny 15, 1980
in Official Records Book 334, Pages 2451 thru 2549 of tine public records of
St. Lucie County, Florida, -
Together with all of the appurtenances to such apartment, the air oondit3onit~g
trait ser~rlrlg said apartment and all fixtures and applicances located therein.
The mortgagor cats that it individually and as a member of the association
responsible far the operation of this Corldominitm shall observe all the pro- ~ _ r
visions of the Declaration of which is abrn~e described and of the ~ .
Cond~aminitm Act, and will perform its obligation tinder such Declaration and T;
~ Act. A failure to do so which is not cured within thirty days after notice I
given by the mortgagee to the mortgagor as an individual and as a member of _ -
f the association shall constitute a default tinder this tmrtgage. - ~
"Nbrtgagar cxyv~nts that the property mortgaged herein is not the residence , ; :r
of the mortgagar, nor is contiguoais to the residence of the miortgagor and is R ~ -
9 not mortgagor's homestead' i ~ .
~ Irl
the PRQ~IIS90RY NOTE secured by this MORT+(>~ contains renegotiable interest
rate provisions . The IlJ1EltES'T RATE and MONTHLY PA~TIS called for by said
Note are thi>Is subject to -adjustment. ~
E - , '
which has the address of 2400 S. Ocean Drive [flit 7661 Ft.'P'ierc:e
~ FlOrlda 33450 (herein "Property Address"); - (iTREET) ICITYI
~ TOGETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, rights, appurtenitnces, 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;
e and aU 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.
s
~ FLORIDA -SHORT FORM - 1 to 4 Family - 9l16 - FHL.MC UNIFORM INSTRUMENT
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