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MORTGAGE S1A343
THE PROMI880RY NOTE SECURED BY THIS MORTGAGE CONTAINS RENEGOTIABLE INTEREST RATE
PROVI810N8. THE INTEREST RATE AND MONTHLY PAYMENT8 CALLED FOR BY SAID NOTE ARE THU8 ~g QO
SUBJECT TO ADJUSTMENT.
THIS MORTGAGE is made this 9th day of
December, 1980
ALFRED SHEPARD and THERESE SHEPARD, his wife
between the Mortgagor,
therein"Borrower'-. and the Mortgagee. First Federal Sarongs and Loan Assoc~at~on of Martin County, a corporation
organized and existing under the Taws of the United States of America, whose address is 989 South Federal H ighway.
Stuart. Florida 33494 therein "Lender.
WHEREAS. the Borrower is indebted to Lender in the principal sum of ($32,000.00) THIRTY
TWO THOUSAND AND NO/100ths--------------- December 9 1980
Dollars. which indebtedness is evidenced by Borrowers note dated ' (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. if not sooner paid. due and payable on June O1 , 2011
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~tyot this Mort-
gage,and the performance of the covenants and agreements of Borrower herein contained, andlb) 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 aid convey to Lender the following described property
located in the County of St. Lucie
State of Florida:
Lot 29, Block 753, PORT ST. LUCIE SECTION
according to the Plat thereof, as recorded
Book 13, pages 17 and 17A through 17K, of
Records of St. Lucie County, Florida.
This Instrument Was Prepared By:
Stuart-Martin Title Co. Inc.
P. O. Box 866, Stuart, Fla. 33494
By: Debra A. Sigafoose
Loan No. 002004882(2)
RE~FSYED >t byA~ IN PAYtiI!fltT OF TAItIX
CL, 0:1 CUSS 'C' INTANG16LE PEt•:SD:'.l PROfERTTr,
tU.:S~:Ni TO CHAPTER 71-134, ACTS Of 1'71.
ROGER Pu1TttAS
Ct:6K GdCU1T COttRT. ST. WC1E ~. ~U.
EIGHTEEN,
in Plat
the Public
which has the addressoi Cooper Lane, Port St. Lucie, Florida 33452
5~•~n ~c~Tr
(herein 'Property Address"!.
Sta•e a+u7 Lp C oCr.
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 (or the leasehold estate if this Mortgage is on a leasehold) are herein re`erred 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. subject to any declarations, easements or restrictions listed
:n a schedule of exceptions to coverage in any tale insurance policy insuring Lenders interest in the Property.
RENEGOTIABLE RATE FFMC (6/80) 8344 PaGE~4 /D