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THE PROMISSORY NOTE SECURED BY THIS MORTGAGE CONTAIN8 RENEGOTIABLE INTEREST RATE
PROV1810NS. THE INTEREST RATE AND MONTHLY PAYMENTS CALLED FOR 8Y 3AID NOTE ARE THUS
SU®JECT TO ADJUSTMENT.
THiS MORTGAGE ~s made this ~ d7 day of OCTOBER, 1980 between the Mortgagor,
FRANK A. RUSSO AND MARCIA L. RUSSO. HIS WIFE
(herein"Bor?ower'?, and the Mortgagee. First Federal Savings and Loan Association of Martin County, a corporation
organized and existing under the laws of the United States of Amenca. whose address ~s 989 South Federal Highway.
Stuart, Florida 33494 (herein "Lender').
WHEREAS, the Borrower is indebted to Lender in the principal sum ot_ ~ 80000. 00)
---EIGHTY THOUSAND AND NO /100 THS---
Dollars, which indebtedness is evidenced by Borrowers note dated October ~7 R 198~erein "Note"1.
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
DECEMBER 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 security of 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 Countyot ST. LUCIE
State of Florida:
UNIT 101 IN OCEANA OCEANFRONT CONDOMINIUM II, ACCORDING TO THE
DECLARATION OF CONDOMINIUM OF OCEANA~OCEANFRONT CONDOMINIUM II,
RECORDED IN OFFICIAL RECORD BOOK 327, RAGES 1684 ET SEQ.,
PUBIC RECORDS OF ST. LUCIE COUNTY, FLORIDA (THE. 'DECLARATION OF
CONDOMINIUM'), TOGETHER WITH AN UNDIVIDED SHARE IN THE COMMON
ELEMENTS APPURTENANT TO SUCN UNIT AND ALL OTHER APPURTENANCES
TO SUCH UNIT AS SET FORTH IN THE DECLARATION OF CONDOMINIUM.
II
THE FAILURE OF THE MORTGAGEOk HEREIN TO COMPLY WITH AND ABIDE
~ BY. AND TO PAY ALL THE ASSESSMENTS REQUIRED OF SAID MORTGAGOR
~ WNEN DUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
OCEANA CONDOMINIUM II,
I AS AFOREDESCRIBEU AND ON EXHIBIT THERETO, SHALL CONSTITUTE AN
EVENT OF DEFAULT UNDEk THIS MORTGAGE.
z THIS INSTRUMENT PREPARED BY: /b_ O,OD
FIRST FEDERAL SAVINGS AND LOAN GwOndGSw"~C"intatt~IbNOtTt>n~es
ASSOCIATION OF MARTIN COUNTY PunuarKTo~tM71~
P'O BOX 989, STUART, FLA. 33494 ROGER f?OITRA$
BY: MARY B. HALLICY _ ,
Clerk Circuit Court. St Lucie. Co.. FIe.9~ ~ '
~ -LOAN NUMBER 0020047471
which has the address of 9900 NE OCEAN bLVD_ #101. IENSEj~bF.ACH, FLORIDA 33d'~7
~ s:•~n ~ c,t,n
(herein "Property Address'1. 4
s mate ss:cf Z•p Cc=,a
~ '
TOGETHER with all the improvements now or hereafter erected on the property, and ali easements. rights.
appurtenances. rents, royalties, mineral. oil and gas rights and profits. water, water rights, and water stock. and all fix-
lures 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 if this Mortgage is on a leasehold) are herein referred to as the "Property'.
Borrower covenants that Borro~ver 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 al! 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)
~ ~ gaaK342 ~~E 189
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