HomeMy WebLinkAbout1109 ".o.~t.o • ~ j • M VIII."` ~ t... 504381 ~
. ~ ou. on c..s "C" alMllgw IhwMiM M~MMI
P(IrN(.M TO CII~ ~ ~
~ THIS INSTRUMENT N'AS PREPARED BY:
1 CITIZENS FEDERAL SAVINGS ANO LOAN
22044695 ASSOCIATION OF iT. LUCIE COUNTY
CIe?II Cireult C011ff. ~ i~ ~ ~ Ii00 f. FEDERAL.NIGNWAY, FT. PIERCE, FLORIDA
C. R. MCOONALO, JR., GENERAL COUNS[L
_ t
RENEGOTIABLE RATE j
~~6`- MORTGAGE
(SHORT FORM)
THIS MORTGAGE is made this 14th day of October.
19 80 ,between the Mortgagor, ~ R. Scott Jones , A Ma r r i ed Adu 1 t and M i chae 1 J . Adams ,
A Married Adu 1 t (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 F i f tv E i 9ht Thousand
One Hundred 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 November 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 S t . Lucie State of Florida:
Condominium Parcel No. 7565 of CATAMARAN It, according to the Declaration of
Condothinium-the~eof,'~dated.July il, 1980 and filed for recording July 15, 1980 1
in Official Records Book 334, Pages 2451 thru 2549 of the Publio Records of
St. Lucie County, Florida.
Together with all of the appurtenances to such apartment, the air conditioning
unit serving said apartment and all fixtures and appliances located therein.-
, The mortgagor covenants that it and the association responsible for the
operation of this condominium will observe all of the provisions of the
Declaration of Condominium which is above described, and of the Condominium
Act, and will perform their obligations under such Declaration and Act; and
~ a failure to do so which is not cured within 30 days after notice given by
the mortgagee to the mortgagor. and the association shall constitute a default
under this mortgage.
L
! Mortgagor covenants that the property mortgaged herein is not the residence
f of the mortgagor, nor is contiguous to the residence of the mortgagor and ~
@ is not mortgagor's homestead.
-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.
- which has the address of 2400 South Ocean Drive , Unit 7565. Fort Pierce. Florida 3~Sn
(herein "Property Address"); (STREETI (C/TVI
TOGETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, rights, appurten~rlces, 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.
` FlORIOA -SHORT FORM - 7 to 4 Falllily - Sl76 - FHLIIIIC UNIFORM INSTRUMENT B~A~ p~u~ -
~V{
I i