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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 ADJtSSTMENT.
THIS MORTGAGE is made this3l ST day of OCTOHER, 1980 between the Mortgagor.
(:,HARLES HAMEL ANU KATHLEEN M. HAMEL. HIS WIF ;28o.r7C
' 1 IN PA7:!!_YT OF TAXEi
LL'c C-1 r'i 'C' i tT "LE P.:!5v1t: L VRO~^ERT~
F13:cS~Al~li TO ~I::,PT..~t 71.1,4, ROTS 6F lilt. _
RLGER Pu1TAAS
CIEAR gtGUR COURT. ST. falgE C0. RA,~•
(herein"Borrower'?, and the Mortgagee. First Federal Savings and Loan Association of Martin County, a corporation
organized and existing under the laws of the Urnted States of America. whose address is 989 South Federal Highway.
Stuart. Florida 33494 (herein "Lender'1.
WHEREAS, the Borrower is indebted to lender. in the principal sum of-- (f 140000. 00)
•---Oi`IE HUNDREII FORTY THOUSAND ANU NO /100 THS---
Dollars, which indebtedness is evidenced by Borrowers note dated (herein "Note"?.
a copy of which is attached and incorporated by reference.. provided for monthly installments of principal and
interest, with the balance of the indebtedness, if not sooner paid. due and payable on '
NOVEMHER O1, 2010.
~ TO SECURE to tender(a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the
~ payment of all other sums. with interest thereon, advanced in accordance herewith to protect the secuntyof this Mort-
' ~ ~ - gage, and the performance of the covenants and agreements of Borrower herein contained. and (b) the repayment of
- ~ ~ ~ any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein
' "Future Advances"?. Borrower does hereby mortgage. grant and convey to Lender the following described property
located in the County of ti7 LUC I E
State of Florida:
SITUATE IN ST. LUCIE COUNTY, FLORIDA. TO-WIT=
THAT CERTAIN CONDOMINIUM PARCEL, HEING UNIT NO. 1001. R
• CONDOMINIUM, IN ACCORIIANCE WITH ANII SUBJECT TO THE COVENANTS,
CONDITIONS, RESTRICTIONS, TERMS ANG OTHER PROVISIONS OF THAT
`DECLARATION OF CONDOMINIUM-FOR HUTCHINSON ISLANU CLUH, A '
- CONDOMINIUM' RECORUELI IN OFFICIAL RECORDS HOOK ^c~4. PAGE 2128,
- ET. SEL2. , F'UHLIC RECORDS OF SAIII COUNTY ANG ALL AMENDMENTS THERE:
- T0, INCLUDING AN UNIIIVIUELI INTEREST IN THE COMMON ELEMENTS OF
SAILI CONDOMINIUM AS SET FORTH IN SAIU DECLARATION, AS AMENDED.
j ~ THE FAILURE OF THE MORTGAGEOR HEREIN TO COMPLY WITH ANU AHIIIE
_ .t HY. ANU TO F•AY ALL THE- ASSESSMENTS REClUIREII OF SAID MORTGAGOR
r WHEN UUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
~ .t
- _ HUTCHINSON ISLANU CLUH,
AS AFOREDESCRIHED AND ON EXHIHIT THERETO. SHALL CONSTITUTE AN
l _ 1=VENT OF UEFAULT UNUEf: THIS MORTGAGE.
'THIS INSTRUMENT P'REP'ARED HY=
FIRST FEIIERAL SAVINGS ANU--LOAN
ASSOCIATION OF MARTIN GDUNTY
PO HOX 989, STUART, FLA. 33494
HY: MARY b. HALLICY
LOAN NUMHER 000047733
which has the address of 1001, 10410 AIA, JENSEN I{EACH, FLORIDA 334 ;7
fShPPn ICity1
(herein "Property Address"?-
IS!ate ami Zro Cooe~ - _
TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances, rents. royalties. mineral. oil and gas rights and profits. water, water rights, and water stock, and all fix-
cures 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 of the foregoing. together with said
property {or the leasehold estate ~f this Mortgage is on a leasehold) 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 the Borrower will warrant and defend generally
the title to the Property against all claims and demands. subject to any declarations. easements or restrictions listed
in a schedule of exceptions to coverage in any title insurance policy insuring Lenders interest in the Property.
RENEGOTIABLE RATE FFMC (6/80)
• a~ 342 Pa~E i~
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