HomeMy WebLinkAbout1314 RENEGOTIABLE RATE MORTGAGE This inurument was prepared by:
(SHORT FORM) W.H. Walker,lr., Esquire ~o~4u
8lxkwell, Walked Gray, Power, Flick is Hoehl
5VV~~v One Southeast Third Avenue
.Miami, Florida 33131
FiR Number: 127-719/PB
'I7se Protnisory Note t~ecttred by tbb M contaiw Rwegaiabk iatercu Rte pmvaiotu.
The interest rate aad ttwnthly paymenu ca d for b1' Maid Note are thw subject to sdjustment.
If the property subject to this mortgage is conveyed the {etsder has the rigltn sd forth in
In 17 of the ttsaster form mortgage to appmre the new borrower aad to ewWish new
• 1 tereu rue aad an iatesest rate indes bae.
THIS MORTGAGE is made this ~jGl day of Q CJ?j8~-JQ , 19t~ , baween the Mortgagor,
JULIO C. GABINO AND CARMEN C. GABINO, HIS WIFE,
MANUEL SANCHEZ AND JESSICA R. SANCHEZ, HIS WIFE,
(herein "Borrower,
and the Mortgagee, AMERIFIRST FEDERAL SAVINGS AND LOAN ASSOCIATION, a rnrptxation organized and exiuing under the laws of the
L'nttcd States of .itrtetica, whose address is One Southcau Third At~nue, 'ftiami, Florida 3313! (herein 'Lcruter
WHEREAS, Borrower is indebted to Lender in the principal sum of NINTY SIX THOUSAND AND NO/ 100
, which indebtedness is evidence by Borrowers Renegotiable Rate
Mortgage Note dated of even date (herein "Note', providing for monthly installments of principal and
intereu, with the balance of the indebtedness, if not sooner paid or not sooner due for Borrowers failure to etterrise renewal options set forth
therein, paid, due and payable on 1 November 2010
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest thereon; (b) the paymem of a0 other sums,
s.-ith inttreu thereon, advanced in xcardante hetev.-islt to protect the security of the Mortgagr; (cj the performance of the covenants and
agreements of Borrower herein mnwtsed; (d) the perforrmnce of the covenants and agreemenu incorporated by reference hereinto; and (e) the
repayment of any future advances, with intereu thereon, made to Borrower by Lender puntnnt to paragraph YI herrof or incorporated by
reference hercinto (herein 'Future Advances', Borrower does hereby mortgage, gent and convey to Lender the folbwing described properly
looted in the County of ,State of Florida
St. Lucie
.Apartment No.. 801, OCEANA OCEANFRONT CONDOMINIUM. ONE, ACCORDING TO THE
DECLARATION OF CONDOMINIUM RECJRDED IN OFFICIAL RECORDS BOOK 245, AT PAGE
65, AND'ANY AMENDMENTS THBRETO, OF THE PUBLIC RECORDS OF ST LUCIE COUNTY,
FLORIDA.
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R'-°~+"Jc^J s 19,00 III PAYt'f!R Of TAXES '
CU_ :E Ci::. 'C' I!4T).SS:£lE PtEev' '.C P.':O7EATYr
E ~ ~-+'-i.~ ~ Fli~a~: tli Tu lit:.F:"'. 72-1i, R.".TS GF 1871.
k~Gc~ Pi:ITi.AS
CIEAK C1~CUlT CLUttT, ST. LU:.IE Cp,,
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which has the address of 9940 N.E. Ocean Blvd. Unit 801
Jensen Beach - "
St. Lucie, Florida 33457 (herein "Properly Address"):
TOGETHER with all the improvements now or hereafter erected on the properly, and all easements, rights, appurtenances, rents, royalties,
mineral, oil and gas rights and profits, water, ware: rights, and water stock, and all fnttures raw or hereafter atuched to the property. all of which, !
including replxements and additans thereto, shall be deemed to be and remain a pan o(the property:overed by this Mortgage; and all of the
o foregoing,togetherwithsaidproperty(orthekaxholdcsutein[heeventthisMortgageisonakasehold)archereinreferredtoasthe"Property."
Borrower covenants that Borrower is lawfully seixd 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 declarations, easements or restrictions lined in a scherluk of exceptans to coverage in any tide insurance policy insuring
Lenders interest in the Properly.
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FLORIDA-Short Form-I too Family-9/7fi-FHL~iC UNIFORM INSTRUMENT-Revised for RENEGO"1'IABLE RATE
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