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HomeMy WebLinkAbout2126 ~ 2Z(151153 ~Ii~lJa)~ RENFX'~OTIABLE RATE MORTGAGE (SHORT FORM). THIS MORTGAGE is made this THIRTEENTH day of t~tt~tt , 19 81 ~ between the Mortgagor~ ~RY E. L~IIS and SUSAN C. LEWiS, his wife (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, whc>se address is 1600 South Fed- eral Highway~ City of Fort Fierce~ County of St. Lucie~ State of Florida~ (herein "Lender"). WHEREAS~ Borrower is indebted to Lender in the principal sum of ~RTY THREE THOUSAND ~~o HUNDRED AND NO/100-----------------------------------DOllat'S, which indebtedness is evidenced by Borrower's note dated t~arch 13, 1981 (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 August 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 covenants and agreements of Borrower herein contained; (d) the performance of the covenants and agreements incorporated by reference hereinto; and (e) the repayment of any future advances} with interest thereon, made to Borrower by Lender pur- suant to paraqraph 21 hereof or incorporated by reference hereinto (herein "Future Advances"), Bonower dces hereby mortgaqe, qrant and convey to Lender the followinq described property located in the County of SAINT LUCIE State of Florida: Lot 40, Block 64, INDIAN RIVER ESTATES, UNIT 8, according to the plat thereof on file as recorded in Plat Book 10, Page 73, of the Public Records of St. Lucie County, Florida. The PROMISSORY NOTE secured by this MOR~GAGE contains rene- gotiable interest rate provisions. The INTEREST I2ATE and MONTHLY PAYMENTS called for by said Note are thus subject to adjustment. frrr~yc~ S_ g(~.y~ IN PAYf,K!(T QF TA~ C~: :+ fL :; 'G' f'~i).:~C'3LE Pcf.:.3: :.l P69°ERTY. f;, ;;:r:1i TO ,:!.',:T.-A 7I-1?~. A~TS OF 11)i. f„G~ Pi.IiP.AS CL' SK C! :CU:T CGe3T, ST. W:lE C0, FLA?~m .. . L . ~_ " _ -r- ;-- ., ,r `- -,-, , r- ~ { .. lv:. . . - . .- .~ . . _. , -, _ ~ __ - _ t ~ , - . -- t : , . -.-~-:_64.80i ~ `= -,----- ~ ~~~ g 0 which has the addcess of 5903 Sunset Boulevard Fort Pierce _~lorida 33450 (herein "Property Address"); IsTREET~ ic~Ty~ 'I'OGETHER with all the improvements now or hereafter erected on the property, and all ease- ments, rights, appurtenances~ rents, royalties, mineral, oil and gas riqhts and profits, water, water riqhts, and water stock~ and aIl fixtures 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 Mortga~; 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 Bonower 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 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. i ~ ~_,., FLORIOA - SHORT FOHM - 1 to ~ Family - 9l76 - FHIMC UNIFORM INSTRUMENT ~an~~~~ Pr.~~~~ 7~ THIS INSTRUMENT N'ASPREPAREO BV: CITI2ENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTV Ii00 S. ~EOERAI NIGNWAV, FT. PIEHCE, FLORIDA C. R. MCOONAID, JR., GENEttAL COUNSEI