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THIS INSTRUMENT N'AS PREPAREO BY:
CIT12EN5 FEDERAL SAVIN(:S AND IOAN
ASSOCIATION Oi' ST. LUCIE COUNTV
160J S. FEOERAI NIGHWAV, FT. PIEHCE, iLOR10A
C. R. MCnONALD, JR., C:ENERAI_ COUNSEL
4ENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
THIS MORTGAGE is made this ~ ~th day of MARCH ~
19 8t ~ between the Mortgagor, ALLEN R. OSTEEN, a s ingle adul t,
(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 N! NE THOUSAND F I VE
HUNDRED AND N01100-----------------------------------Dollars, which indebtedness is evidenced
by Bonower's note dated Ma rch 17 , 19 1 (herein "Note"), providing for monthly
installments of principal and ir.terest, with the balance of the indebtedness, if not sooner paid, due and pay-
able on • Mav 15. 2011
'PO SECURE to Lender (a) the rzpayment of Lhe indebtedness evidenced by the Note with interest
there~n -(h) the navment of all other sums. with interest thereon. advanced in accordance herewith to
protect the 9ecurity of this Mortgage; (c) the performance of the covenants and aqreements of Bonower
herein containerl; (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 Barrower by L,ender pur-
suant to paraqiraph 21 hereof or incorporated by reference hereinto (herein "Future Advances"), Borrower
dces hereby mortgage, qrant and convey to Lender the following describe~ property located in the County
:,f SA 0 ~:T «C i E State of F,~~;da:
Lot 9, Block 2, SUNRISE ESTATES, according to the plat thereof
on file as recorded in Plat Book 8, Page 75, of the Public
Records of Saint Lucie County, Florida.
The PROMISSORY NOTE secured by this MORTGAGE cantains renego-
tiable interest rate provisions. The INTEREST RATE and MONTHLY
PAYMENTS called for by said Note are thus subject to adjustment.
R~^~YED i ~9'C~ IN PAYM~JR OF TAXf~
G±': C I Cl~~t •C' IHTR';i,.3lf P~FSCiAI FROPEfiTY.
Fi~~ ~:::.Ni TO 'i".: T=. 7I- 4. t~TS Of 1~IL
::_'_? P •1i it;
C~ ~.K ~...U:1 CGB::T, ST. W-.f CO., flA. I! ~r
RE-REC~RD TO SHOw' ADDITIONAL WITNESS
` ~ ~~. : ..
which has the address of 1220 Texas Court
Fiorida 3~450
-~sT~~rszir~aa~--
(herein "Property Address"); (STREET) t~~T~i
TOGETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water riqhts, and
water stock, and all 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 Mortgage;
and all the foregoing, toqether with said property (or the leasehold estate if this Mortgage is on a lease-
hold) are herein referred to as the "Properiy".
~ort Piercp
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Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
to mortqage, grant and convey the Property, ihat 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.
~ FLORIDA - SHORT FORM - 1 to 4 F~mdy - 9176 - FNLMC UNIFORM INSTRUMENT •(~~c~
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