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THE PROM1880RY NOTE 8ECUREO 8Y TH18 MORTGAGE CONTAINS RENEGOTIABLE INTEREST RATE
PROVISIONS. THE INTEREST RATE AND MONTHLY PAYMENTS CALLED FOR BY SAiD NOTE ARE THUS
SUBJECT TO ADJUSTMENT.
THIS MORTGAGE is made this 8TH day of DECEMPER. 1980 between the Mortgagor.
ALFRED A. ~ CHANDLER AND SARAH N. CHANDLER. HI~_,W~~'~_ /a~,ep IN PAYfrrNT Ot TAXt:ti
CL'. Ca C: '~S 'C' INIA`:G~~!E P:k~~? ,1 F~A?t:kTtr~
Fl;..~_:.Ni TO ~tia?TCR 71-:.4. ACTS Of 1tiJ1.
R~G:R POITC.Ati
ac~ft G2ctNi CotitT, tis. WqE 6Q. NA~i'
(herein"Borrower'),snd the Mortgagee. First Federal Savings and Loan Association of Martin County, a corporation
organized and existing under the laws of the United States of America. whose address is989 South Federal Highway.
Stuart. Florida 33494 (herein "Lender').
WHEREAS. the Borrower is indebted tc Lender in the principal sum of-tf b0000. 00)---
__-_SIXTY THOUSAND. AND NO /100 THS---
Oollars, which indebtedness is evidenced by Borrowers note datecUEGEMBER 09. 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 securityot this Mort-
gage.and the performance of the covenants and agreements of Borrower herein contained. and Ib) 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 loltowing described property
located in the County of ST. .LUCIE
State of Florida:
A CONDOMINIUM PARCEL DESIGNATED AS UNIT N0. 524 OF SAND DOLLAR
VILLAS CONDOMINIUM A, ACCORDING TO THE DECLARATION THEREOF.
DATED JANUARY 3, 1980, AND RECORDED IN OFFICIAL RECORDS B001~
324, FAGE 1952. AND AMENDMENT THERETO DATED JANUARY 29, 1980,
AND RECORDED IN OFFICIAL RECORDS BOOK 324, FAGE 2019, ALL ST. '~
LUCIE COUNTY. FLORIDA, PUBLIC RECORDS.
THE FAILURE OF THE MORTGAGEOR HEREIN TO COMELY WITH AND ABIDE
bY, AND TO PAY ALL THE ASSESSMENTS REQUIRED OF SAID MORTGAGOk
WHEN DUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
SAND DOLLAR VILLAS,
AS AFOREDESCRIBED 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 8bb, STUART. FLA. 33494
BY: DEBRA A. SIGAFOOSE
Lid0020048350
which has the address of 7440 S. AlA #524, JENSEN BEACH, FLORIDA 33457
:sveeU tC~M
State and Lp Ctxfzr
therein "Property Address"-.
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 ali~ix-
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 (or 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 will warrant and defend generally
the title to the Property against all claims and demands, sub)ect 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/t30) gn~K344 PAGE~Ot74