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5154~1 THIS IN8TRUMENT WAS PREVAREO BY:
CIT12ENi FCO[RAL iAVINGi AND LOAN
AffOC1AT10N OF iT. LUCI[ COUNTY
1~00 i. F[OCRAL HIGNWAY, FT. -ItR4t. /LORIDA
C. R. MCDONALO, JR., 6ENLRAL COUNt[1.
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
S~,po
THIS MOR'I"GAGE is made thia ~h day of ,lanuarv
19 81 ~betweentheMortgagor, David E. Brown and Marcia L. Brown. Hts Wife ~
(herein "Borrower")~ and the Mortgaqee,
CITIZENS FEDERAL SAVINGS AND LOAN ASSQCIATION OF ST. LUCIE COUNTY~ a corporation
organized and existing under the laws of the Utited States of America~ whose address is 1600 South Fed-
eral Highway~ City of Foct Rerce. County of St. Lucie. State of Florida~ (herein "Lender").
WHEREAS~ 8orrower is indebted to Lender in the principal sum of Thi ~ty E i ght 7housand and
No/100---------------------------------------------- Dollars, which indebtedness ia evidenced
by Borrower's note dated Januarv 2~. 1~8t (herein "Note"), providing for monthly
inatallments of principal and interest~ with the balance of the indebtedness, if not sooner paid~ due and pay-
able on Aori 1 1. 2011 _
TO SECURE to Lender (aj the repayment of the indebtedness evidenced by the Note with interest
thereon; (b) the payment of all other sums, with interest thereon~ advanced in aocordance herewith to
protect the 'ecurity of thia Mortgage; (c) the perfoimance of the covenants and aqreements of Borrower
herein contained; (d) the performance of the covenants and agreements incorporated by reference hereinto;
and (e) the repayment of any future advanc~es, with interest thereon, made to Bonower by Lender pur-
suant to paraqraph 21 hereof or incorporated by reference hereinto (herein "Future Advances"), Borrower
dcea hereby mortgage~ grant and convey to Lender the following described property located in the County
of S t. luc i e State of Florida:
~~~; Lot 9 and the South 12.2 feet of Lot 7, Biock
. 3, SUNRISE TERRACE, according to the Plat thereof
. as recorded in Plat Book 5, Page 55 of the Public
, Records of St. Lucie County, Florida.
The PROMISSORY NOTE secured by this MORTGAGE confains
renegotiable interest rate provisions. The INTEREST
RATE and MONTHLY PAYMENTS called for by said Note
are thus subject to adjustment.
. Rtctnfo = 76A0 111 ~At~fT of TAXE'j
CUc Q'f CtL.~,= •~' I?1Tfi::G:3lE P~RSC~ :t PF'1f`(~~~
` FIte51;;,)IT T3 CNLaTF.a 71•s_~. ACTS 4f i~1L
' ROGER Pi:ITFJS
_, o~uc cacwr carn, tT. uwc w. ~~ -
which has the address of 1808 South 27th Street Fort P i erce
F 1 or i da 33450 (herein "Property Address"); IlTREET~ 1c~Tr~
TOCETHER with all the improvementa now or hereafter erected on the property, and all ease-
menta, riqhts~ appurtenancea, rents, royalties, mineral, oil and gas rights and profits, water~ water righta, and
water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements
and additiona thereto~ shall be deemed to be and remain a part of the property covered by this Mortqage;
and all the foregoing, together with said property (or the leasehold estate if this Mortgaqe is on a leaae-
hold) are herein referred to as the "Property".
~ Borrower covenants that Bo~rower is lawfully seised of the estate hereby conveyed and has the riqht
~ to mortqage, qrant and convey the Property, that the Property is unencumbered, and that Borrower will
warrant and defend generally the tide to the Property aqainst all claims and demands, subject to any declar-
j ations, easements or restrictions listed in a schedule of exceptiona to coverac~! in any title insurance policy
' insurinq Lendec's intereat in the Property.
fLORIDA -$IWRT FORM - i to 4 Family - W7d - FHLMC UNIFORM INSTpUMENT ~~K
B~tIK •J47 PAGE ~Ml.~-V I
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