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51 ~.~)~"Jf~ TNIS INSTRUMENT N'AS PREPAREO 9V:
~~ ~ V GITIZENS FEOERAI SAVINGS ANO LOAN
ASSOCIATION OF:T. LUCIE COUNTV
1~00 S. FEOERAL HIGNWAV, IT, -IENCE, iLOR10A
C. R. MCDONALO, JR.. GENERAL COUNSEL
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
THIS MORTGAGE is made this NINETEENTH (idy Of DfCFMRFR ~
19 80 ~ between the Mortgagor~ JOHN A. MONK and FAYE H. MONK~ hfs wifp
(herein "Borrower")~ and the Mortgagee~
CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY, a corporation
organized and existing under the laws of the United States of America, whose address is 1600 South Fed-
eral Highway~ City of Fort Pierce, County of St. Lucie~ State of Florida~ (herein "Lender").
~ WHEREAS, Borrower is indebted to Lender in the principal sum of FORTY FOUR THOUSAND AND
NO/100--------------------------------------------- Dollars, which indebtedness is evidenced
by Borrower's note dated December 19, 19g0 (herein "Note")~ providing for monthly
instaUments of principal and interest. with the balance of the indebtedness. if not sooner paid~ due and pay-
able on Januarv 1, 2011 .
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest
thereon; (bj the payment of all other sums~ with interest thereon, advanced in accordance herewith to
protect the security of this Mortgage; (c) the performance of the covenants and agreements of Borrower
herein contained; (d) the performance of the covenants and aqreements incorporated by reference hereinto;
and (e) the repayment of any future advances~ with interest thereon~ made to Borrower by Lender pur-
suant to paragraph 21 hereof or incorporated by reference hereinto (herein "Future Advances")~ Bonower
dces hereby mortgage, grant and convey to Lender the followinq described property located in the Caunty
of ST . LUC I E State of Florida:
LOT 5 and the NORTH # of LOT 8, and the East 5' of the vacated alley,
BLOCK 15~ OAKLAND PARK SUBDIVISION, according to the plat thereof in
Piat Book 2, Page 7 of the Public Records of St. Lucie County, Florida.
Rfi'f1YED = $8. d~ IN ~AYMENt OF TAXE!
OU~ CY Ct~.~i 'C' I~TAh6'BLE PFRSOHILL MtOPEt1Y.
Pf3:.:.::RJIT TO N~PT~. 71-~c4. ACTS OF UIi.
2.:6EA POITIiAS ~m
CI:BK p.'.eWT CO~RT. tT. IYCE OY. f1A.'~1"~ ~~
The PROMISSORY NOTE secured by this MORT~AGE contains renegotiable
interest rate provisions. The INTEREST RATE and MONTHLY PAYMENTS
calied for by said Note are thus subject to adjustment.
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~_ . ~ : ., _. ~
which has the address of 707 Beach Court Fort P i erce
F 1 or i da 33450 (herein "Property Address") ~ (sTREET~ Ic~Tr~
TOGETHER with all the improvements now or hereafter erected on the pcoperty, and all ease-
ments, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights~ and
water stock, and all fixtures now,or hereafter atWched 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 the foregoing. together with said property (or the leasehold estate if this Mortqage is on a lease-
hold) are herein refecred to as the "Property".
~~
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~ Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right ~
~ to mortgaqe, grant and convey the Property, that the Property is unencumbered, and that Borrower will
~ warrant and defend generally the tide to the Property against all claims and demands, subject to any declar-
ations, easements or restrictions listed in a schedule of exceptions to coverage in any ~title insurance policv
~ insuring Lender's interest in the Property.
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