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HomeMy WebLinkAbout1473 3 22047938 50~ Cttr' THIS INSTRUMENT IkAS PREPARED 8Y: V01V CIT12ENi PEDERAL SAVINGi ANO LOAN ' AfiOC1AT10N OF iT. LUCIE COUNTY - Ii00 i. F[OERA1. HIGHWAY, FT. FIERC[, FLORIDA C. R. MCOONALD, JR., GENERAL cOUNfEL RENEGOTIABLE RATE MORTGAGE - (SHORT FORM) THIS MORTGAGE is made this 22 day of ~i , 19~Z ,between the Mortgagor, Dou 1 as E. Gonano and Me 1 i nda h i f (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- I eral Highway, City of Fort Pierce, County of'St. Lucie, State of Florida, (herein "Lender"). i WHEREAS, Borrower is indebted to Lender in the principal stun of Seventy Two Thousand i 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 pro_ party located in the County of St. Lucie State of Florida: Lot 8, FRENCH CREEK SUBDIVISION, according to the plat thereof - as recorded-in Plat Book 21, Page 1, 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 PAYHENTS called for by said Note are thus subject to adjustment. i aa ~ - . ~ ~o In Payrnsnt OlTaxes Recenred s . - Oue On Ctass "C" Intangible Personal orol+p*ty~ E o~rsuant To Chapter 71.-134. Acts n_'~7~ f , _ _ - _ - - ROGER POITRAS ~ -r ~ t ' ~ ~,1wrs Circuit Court. St. 1-ucie• CO., - _ = - which has the address of French Creek Lane, Fort Pierce, Florida 33450 (herein "Property Address"~; - (fTRECTI -ICITYI 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 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 declaz- ationa, easements or restrictions listed in a schedtile of exceptions to coverage in any title instuance policy insuring Lender's interest in the Property. _ _ r - FLORIDA -SHORT FORM - 1 to 4 Familt? - W16 - FHLMC UNIFORM INSTRUMENT s~x341 PAGEl471 }