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RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
I~
~ HIS INSTRUMENT N'AS PREPARED BY
CITIZENS F~FOEHAL SAVINGS AND LOAN
A550CIATION Of ST. lUC1E COUNTV
f600 5. FEQERAL HIC;-~WAV, FT. PIENCE, PLORIOA
C. R. MGOONALO, JR., GENERAI COUNSEI.
THIS MORTGAGE is made this l 9th day of MARCH
19 81 ,betweentheMortgagor~ HENRY S. OVERTON, JR. and RUTH S. OVERTON, 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, 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 princ~pal sum of TH I RTY E I GHT THdUSAND
F I VE HUNDRED AND NO/10C1----------------------------- Dollars~ which indebtedness is evidenced
by Bonower's note dated March 19Ei (herein "Note"), providing for monthly
installments of princigal and interest, with the balance of the indebtedness, if not sooner paid, due and pay-
able on September 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 covenanis and aqreements incorporated by reference hereinto;
and (e) the repayment of any future advances, with interest thereon~ made to Bonower by Lender pur-
suant to paraqraph 21 hereof or incorporated by reference hereinto (herein "Future Advances"), Borrower
dces hereby mortgage, qrant and convey to Lender the following described property located in the County
of Sa i n t Luc i e State of Florida:
Lots 28 and 29, Block 1223, PORT ST. LUCIE
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on file as recarded in Plat Book 12, Page
3~ ~-i, of the Public Records of St. Lucie
County, Florida.
The PROMISS~RY NOTE secured by this MORTGAGE
contains renegotiable interest rate provisions.
The INTEREST RATE and 'r10NTHlY PAYMENTS called
for by said Note are thus subject to adjustment.
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fr. C:ass C' ~niany~D~e Pe~_ww~ P-°penY•
Acts Of 1871.
Pursusnt To ChaD~ ~~~ ~~~
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Cterlc Ctw1t Cout~ !L L1Mi4 ~ Fls.
which has the address of
208b - S.W. Capri Street .
FLOR I DA 33452 (herein "Property Adc'.ress");
PORT ST. lUC1E
(STREET) (CITY)
TOGETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, rights, appurtenar-ces, 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 addit;ons 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 "Pro~erty".
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
to mortgage, qrant and convey the Property, that the Property is unencumbered, and that Borcower will
warrant and defend generally the title to the Property against all claims and demands, subject to any declar-
ations, easements or restrictions listed in a schedule of exceptions to coveraqe in any tide insurance policv
insuring Lender's interest in the Property.
FIORIUA - SHORT FORM - 1 to 4 Family -~9l76 - FHIMC UNIFORM tNSTRUMENT
~ b~35i P,~ 594