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HomeMy WebLinkAbout0180 i I~/ 1 MORTGAG E THE PROMISSORY NOTE SECURED BY TH18 MORTGAGE CONTAIN8 RENEGOTIABLE INTEREST RATE PROVISION8. THE INTEREST RATE AND MONTHLY PAYMENT8 CALLED FOR BY 8AID NOTE ARE THU8 SUBJECT TO ADJUSTMENT. THIS MORTGAGE ~s made thi ~ day of OCTOBER, 1980 between the Mortgagor. WALDYMYR DUBRIWNY AND LENA DUBRIWNY, HI5 WIFE (herein"Borrower'?. and the Mortgagee. Fust Federal Savings and Loan Assoc~ataon of Mafin County, a corporaUOn organized and existing tinder the laws of the Urnted Stases of America. whose address is989 South Federal Highway, Stuart. Florida 33494 (herein "Lender'1. WHEREAS, the Borrower ~s indebted to tender in the principal sum ot._ (f 1 c^0000. 00) ----ONE HUNDRED TWENTY THOUSAND AND NO /100 THs ~ Dollars, which indebtedness is evidenced by Borrowers note dated OCTOBER a 198Qherein "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. it not sooner paid. due and payable on DECEtiBER O1, 2010. TO SECURE to lender (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 securityol 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 purs~an! to paragraph 21 hereof (herein "Future Advances "1. Borrower does hereby mortgage, grant and convey to Lender the following described property Located in the County of ST . LUCIE State of Florida: UNIT 1604 IN OCEANA OCEANFRONT CONDOMINIUM II, ACCORDING TO THE DECLARATION OF CONDOMINIUM OF OCEANA OCEANFRONT CONDOMINIUM II, RECORDED IN OFFICIAL RECORD BOOK 327 PAGES 1684 ET SEQ., PUBLIC RECORDS OF ST. LUCIE COUNTY. FLORIDA (THE 'DECLARATION OF CONDOMINIUM'). TOGETHER WITH AN UNDIVIDED SHARE IN THE COHMON ELEMENTS APp'URTEkANT TO. SUCH UNIT AND ALL OTHER APPURTENANCES TO SUCH UNIT AS SET FORTH IN THE DECLARATION OF CONDOMINIUM. THE FAILURE OF THE MORTGAGEOR HEREIN TO COMPLY WITH AND ABIIrE BY, AND TO PAY ALL THE ASSESSMENTS kEQUIRED OF SAID MORTGAGOR ~ WHEN DUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF OCEANA OCEANFRONT CONDOMINIUM II, AS AFOREDESCRIBED AND ON EXHIBIT THERETO, SHALL CONSTITUTE AN EVENT OF IlEFAL'L7 Uf`tD€R THIS MORTGAGE. I THIS INSTRUMENT PREPARED BY: p~d• 1p~eKOlTao~ ~ FIRST FEDERAL SAV I kGS AND LOAN Dw Ow iCljjjj» tfMrtEMfl?lL~rrtaL~l l4oFwq, ASSOCIATION OF MARTIN COUNTY PMrwiantToChttp~?71,1i/„A~I,Lt ~-f~1)>~~ P4 BOX 989. STUART, FLA. 33494 BY : MARY B . HALL I CY Cl~rlr ldreuit Court, f~f. Eue~. Co . fL:ts.'~~ LOAN NUMBER 0024046974 which has the address of 9900 NE OCEAN BLVL_ 1604. ~ENSEN BEACH. Ft OkT1CA 33g, ,7 s••~-F, ~c.fr Iherem °Property Address'1. ~ Mate arrl Ly TOGETHER with alt the improvements now or hereafter erected on the property, and all easements. rights. ' ~ ~ appurtenances. rents. royalties. mineral, oil and gas rghts and profits. water. water rights, and water stock, and all iix- t lures now o! 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 for the leasehold estate if 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 wilt 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 c6~L~l ~342~ PaGE 1~ ~ - - :s ~ . _