HomeMy WebLinkAbout1594N22U506U1
5zi 95z
~I'
THIS INSTRUMENT Vt'AS PREPAREU BV
CITIIL.NS -'EUCHAI SAVIN(.S ANU LOAN
ASSOCIA710N Ui~ ST. 1.~1C1E COUNTY
~ 1600 S. ~~EDCiJAL ~~1(:NWAV, i'T. PIENCE, FLOit10A
C. R. MCOONAlO, 1H., 4ENt,(tAL COUNSEL
RENEGOTIABLE RATE
MOATGAGE
(SHORT FORM)
THIS MORTGNC~~: is made this 23rd day of ~~E~ ,
19 81 , between the Mortgagor, ARTtiUR F. STRICKLAND and .JUDY R. STRICKI.I~Nn, his wif~,
(herein "Borrower"), and the Mortgagee,
CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY, a corporation
orqanized and existing under the laws of the United States of America, whose address is 16Q0 South Fed-
eral Highway, City of Fort Pierce, County of St. Lucie, State of Florida, (herein "Lender").
Wi-iEREAS, Borrower is indebted to Lender in the principal sum of FIFTY THOUSAND AND NO/100
----------------------------------------------------- Dollars, which indebtedness is evidenced
by Borrower's note dated (herein "Note"), providin~g for monthly
installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and pay-
abie on June 1. 2011
TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with interest
thereon; (b) tha 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 Bonower
herein contained; (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 Bonower by Lender pur-
suant to paraqraph 21 hereof or incorporated by reference hereinto (hereir~ "Future Advances"), Borrower
does hereby mortgage, grant and convey to Lender the following described property located in the County
of Saint Lucie State of Florida:
Lot 1, FRENCH CREEK, according to the plat thereof on file as
recorded in Plat }3ook 21, Page 1, of the P:~blic Records of
St. L4cie Coui~ty, FZorida.
The PROMISSORY NOTE secured by this MORTGAG~ contains re-
negotiable interest rate provisions. The INTEREST RATE
and MOP.TMI'HLY PAYMENTS called for by said Note are thus
subject to adjustment.
- ,.;,,~,; z ~ _ in Psyment Ot?~~ws
. :)ue On Class "C" +ntanp~bte Persor-~~ P~'OpMt~
Pursuant To ChaO~~ ~~• 1~, A~ a 1~I1•
---- - ROGER POITRAd ~~ ~,
ClKk Circu~ Couh. SL ~uoM. CA. ~
~_ -
~~ ~~
~'
which has the address of 802 Frer.ch Creek I.ane, Fort Pierce
FlOrlda 33450 (STREET) (CITV~
(herein "Property Address");
TOGETHER with all the improvements ncw or hereafter erected on the proper~y, and all ease-
ments, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water riqhts, and
water stock, and all fixtures ncw or hereafter attached to the property, all of which, including replacements
a;~d additions thereto, shall be deemed to be and remain a part of ~he property covered by this Mortgaqe;
and all t~:e foregoing, !ogether with said property (or the leasehold estate if this Mortgage is or. a lease-
holc!) ars herein referred to as the "Froperty".
• Borrower covenants that Bocrower is lawfully seisea of the estate hereby conveyed and has the riqht
to mortqage, qrant and cenvey the Property, that the Property is unencumbered, and that Borrower will
warrant and defend generally the title to the Property against all claims and deman3s, subject to any declar-
ations, ease~r~ents or restriction~ listed in a schedule of exceptions to coverage in any title inswance policv
insuring Lender's interest in the Property.
FIORIDA - SHORT FORM - 1 to 4 Fsm~ly - 9/76 - FHLMC UNIFORM INSTRUMENT
~ ;,K 35i ~~ ~5~0
an~K