HomeMy WebLinkAbout2894~~ 2.312
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
THIS INSTRUMENT KAS PREPAREO BY:
CITIZENS iEOERAL SAVIHGS ANO LOI-N
ASSOCIATION Oi ST. LUCIE COUNTV
Ii00 S. ~EOERA4 HIGNWA~I, iT. -IENCE, FLORIDA
C. R. MCpONALO, 1R., GEHERAL COUN4EL
~22048977 ~ /
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THIS MORTGAGE is made this 2nd day of January ,
19 8t ~ between the Mortgagor~ JOHN D. KERBER AND KATHLEEN K. KERBER. his wi fe
(herein "Borrower"). and the Mortqagee.
CITIZENS FEDERAL SAVINGS AND LOAN AS,SOCIATION 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 Foct Pierce~ County of St. Lucie~ State of Florida~ (herein "Lender").
WHEREAS, Borrower is indebted to Lender in•the principal sum of TH I RTY THREE TNOUSAND
T1J0 NUNQRED AND NO/100----------------------------- Dollars~ which indebtedness is evidenced
by Borrower's note ~ated January 2, 19$-2 (herein "Note")~ providing for monthly
installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and pay-
able on February 1, 2011 _
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest
thereon; (b) 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 cavenants and aqreements of Borrower
herein contained; (d) the performance of the covenants and aqreements incorporated by reference hereinto;
and (e) the r~payment of any future advances, with interest thereon~ made to Borrower by I.ender pur-
suant to paraqraph 21 hereof or incorporated by reference hereinto (herein "Future Advances:'). Borrower
dces hereby mortgage, grant and convey to L,ender the following de9cribed property located in the County
of ST. LUC I E SWte of F;~rida:
LOT 17, BLOCK 81. PORT ST. LUCIE, SECTION 27, according to the plat
thereof on file as recorded in Plat Book 14, Page Sa-i, of the
Public Records of St. Luc.ie County, Florida.
The PROMISSORY NOTE secured by this MORTGAGE contains renegotiable
interest rate provisions. The INTEREST ~tATE and MONTHLY PAYMENTS
called for by said Note are thus subject to adjustment.
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' ~ ~_ % ~n Payrrwnt Of TYM
Hece~ve~ S
Due On Class "'C'~ ~ni..n~~ble P~rsa~ ~Y•
, _ .- . -. - - . . ~ p~~K To Chspter 71. 134. A~IS O! 1~1.
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which has the address of Dolores Avenue PORT ST. LUC I E
F 1 or i da 33~+52 (herein "Property Address"~; (STREET~ ~c~Tr~
TOGETHER with all the improvements now or hereafier erected on the propecty, and all ease-
ments, rights, appurten~nces, rents, royalties, mineral, oil and gas rights and profits~ water, water rights~ and
water stock, and all fixtures now or hereafter attached to the property, all of which, includinq 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 Mortgage is on a lease~
hold) are herein referred to as the "Property".
~ Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the riqht
~ to mortgage, qrant and convey the Property, that the Property is unencumbered, and that Borrower will
warrant and defen~ 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 tide insurance policv
~ insuring Lender's interest in the Property. ~
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FIORIDA - SHORT FOHM - 1 to ~ Family - 9l76 - FNLMC UNIFORM INSTRUMENT
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