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MORTGAGE ``~ ~<~ ~"~~' ~~ -= i
THE PROMISSORY NOTE 8ECURED BY THIS MORTGAGE CONTAINS RENEGOTIABLE INTEREST RATE
PROV1810NS. THE INTEREST RATE ANO MONTHLY PAYMENTS CALLED FOR BY SAID NOTE ARE THUS
SUBJECT TO ADJUSTMENT.
THIS MORTGAGE ~s made this 9TH day of DECE1iBER. 1980 -between the Mortgagor.
C. F. SHAWVER CONSTRUCTION CO?iPANY,INC..
A FLORIDA CORPORATION
(herein"Borrower'). and the Mortgagee. First Federal Savings and Loan Assoc~at~on of Martin County, a corporation
organized and existing under the laws of the United States of America. whose address rs 989 South Federal Highway.
Stuart. Florida 33494 (herein "Lender'>.
WHEREAS, the Borrower is indebted to Lender in the pnncipai sum at- (f 40000. 00) ---
---FORTY THOUSAND AND NO /100 THS---
Dollars. which indebtedness is evidenced by Borrowers note dat~F[' MRFR A9. 1910 (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
JUNE 01, 1011.
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 ~n accordance herewith to protect the secur~tyof 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 2t hereof (herein
"Future Advances'), Borrower does hereby mortgage. grant and convey to Lender the tollowing described property
located in the County of ST . LUC I E
State of Florida:
LOT 9, BLOCK 487, PORT ST. LUCIE SECTION THIRTEEN. ACCORDING TO
THE PLAT THEREOF, AS RECORDED IN FLAT BOOK 13, PAGES 4 AND 4A
THROUGH 4M, OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA.
t~
~~.
REKe~va.! S ~~'~ to Payment Oi Tatcet
['t.o fin ,^. . ' ~,~T_-~~fJ!@P°rSQrl~rPfytgrty.
Durc ~ :-t ....~- -t. 133, Acts Ot'9~j
:' :; ~ aia~ POtTRAS ~ f
. _ _ ~-e•~ ~~...: • ~,o,.r., St. Lucie. Co., Fla.
THIS INSTRUMENT PREPARED BY:
STUART-MARTIN TITLE CO., INC.
POST OFFICE BOX 866, STUART, FLA. 33494
bY: DEBRA A. SIGAFOOSE
L~d0020049590
which has the address of CAFON TERRACE. PORT ST. LUCIE, FLORILtA 334 ;2
1 herein ~~ Property Address 1.
~S;a:e a++o Z.o Cooe~
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. alt of which. including replacements and additions thereto. shall be
deemed to be and remain a part of the property covered by this Mortgage: and alt of the tosegoing. together with said
property (or the leasehold estate if this Mortgage is on a !easehold) 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 ~s unencumbered. and the Borrower will warrant and defend generally
the title to the Property against all claims and demands, subject t any declarations. easements or restr~ct~ons I~sted
in a schedule of exceptions to coverage in any tale insurance policy insuring Lenders interest in the Property.
RENEGOTIABLE RATE FFMC (8/80)
--- --- -
X344 ~~247].