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IV~C~ 'GAG E sU9s3z ~`~
THE PROMISSORY NOTE SECURED 8Y THIS MORTGAGE CONTAINS RENEtiOT1ABLE tNTEREST RATE
PROVISIONS. THE INTEREST RATE AND MONTHLY PAYMENTS CALLED FOR BY SAID NOTE ARE THU8
SUBJECT TO ADJUSTMENT.
THIS MORTGAGE is made thiS_5TH day of DECEMBER, 1980 betr'w,een the Mortgagor.
...., ., , , _ ~.?~~w ~n Payrrwnt Of Taxss
JOSEPH FRAUMENI, JR.. A SINGLE MAC! ,,,1e On Ctass "C" intanpibloPMtlptM1M11/Mty.
Pursuant To ChspM- 71.1i~1- ~ Of 1l~1.
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Cl~tt CirttltAt OMIII, N. ~t1l1fA 4~1r
jherein"Borrower'1, and the Mortgagee. First Federal Savings and Loan Association of Martin County, a corporation
organized and existing under the taws of the Urnted States of America. whose address ~s 989 South Federal Highway.
Stuart. Florida 33494 (herein "Lender').
WHEREAS. the Borrower is indebted to Lender in the principal sum of- < s 62400. 00) ---
---SIXTY-TWO THOUSAND FOUR HUNDRED AND NO /100 THS---
Dollars, which indebtedness is evidenced by Borrowers note datedUECEMBER 05, 1980 (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, it not sooner paid, due and payable on
JANUARY 01, 2011.
TO SECURE to lender(s) 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 County of ST . LUCI E _
State of Flo-ida:
ItWELLING UNIT 616, ATLANTIS CONDOMINIUM, BUILDING B, ACCORDING
TO THE DECLARATION OF CONDOMINIUM DATED JULY 13, 1978, AND FILER
FOR RECORD AUGUST 4, 1978, IN OFFICIAL RECORD BOOK 291, PAGES
2102 THROUGH 2156, PUBLIC RECORDS OF ST. LUCIE COUNTY.
TOGETHER WITH THE UNDIVIDED INTEREST IN COMMON ELEMENTS,
DECLARED IN SAID DECLARATION OF CONDOMINIUM TO BE AN
APPURTENANCE TO THE ABOVE DESCRIBEI/ DWELLING UNIT.
'THE FAILURE OF THE MORTGAGEOR HCREIN TO COMPLY WITH AND ABIDE
BY, AND TO PAY ALL THE ASSESSMENTS REQUIRED OF SAID MORTGAGOR
WHEN DUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
ATLANTIS CONDOMINIUM BUILDING B,
AS AFOREDESCRIBEU AND ON EXHIBIT THERETO, SHALL CONSTITUTE AN
EVENT OF DEFAULT UNDER THIS MORTGAGE.
THIS INSTRUMENT PREPARED BY:
STUART-MARTIN TITLE CO., INC.
POST OFFICE BOX 866. STUART, FLA. 33494
I;Y: DEBRA A. SIGAFOOSE
LNOO20048053
which has the address of 10102 NE OCEAN BLVD. APT 616, JENSEN BEACH, FLORIDA 33457
5~«.eU ~CaN
(herein "Property Address'1.
5'a!e acre Lp Cafe
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-
tures 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 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 corweyed 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 declarat,ons. easements or restrictions listed
t in a schedule of exceptions to coverage in any title insurance policy insuring Lenders interest in the Property.
RENEGOTIABLE RATE FFMC (6/80) 80~~~~ P~~~~
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