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THIS INSTRUMENT NAS PREPAREO BY
~'
CiTIZENS FEOEHAI SAVINGS ANO LOAN
ASSOCIATION OF ST. LUCIE COUNTY
If00 S. ~-EOERAL NIGHWAV, PT. ~IENGE, FLORIDA
C. R. MCOONALO, JR., G[NERAL tOUNSE~.
RENE60TIABLE RATE
MORTGAGE
(SHORT FORM)
22050361
THIS MORTGAGE is made this ~+th day of February
19 81 . between the Mortgagor~ BY~on R. Larsen and Patricia M. La~sen: his wife
(here' "Borrower")~ and the Mortgagee,
CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ~T. LUCIE COUNTY, a corporation
orqanized and existing under the laws of the United States of America~ whose address is 1600 South Fed-
eral Highway, City of Foct Pie~ce, County of St. Lucie, State of Florida, (herein "Lender").
WHEREAS, Borrower is indebted to Lender in the principal sum of TH I RTY ~ i GHT THOUSAND
AND NO/100------------------------------------------ Dollars~ which indebtedness is evidenced
by Borrower's note dated February 4, 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 J u 1 v 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 Bonower by Lender pur-
suant to paragraph 21 hereof or incorporated by reference hereinto (herein "Future Advances"), Borrower
dces hereby mortgage~ qrant and convey to Lender the followinq described Froperty located in the County
of S t. luc i e State of Florida:
Lot 29, Block 705, PORT ST. LUCIE, SECTION 18, according to the plat
thereof on file in Plat Book 13, Pages 17A through 17K, Public Records
of St. lucie County, Florida.
~.~
J
RPrpavey! S ~~L'' ~ In Payment O~ Taxet
(:~.~ (1n i~ t ..~... ,nt,na~hlF! ~'~-*-~-+q~ D•n;-:orjti.
p~«•.::+~„ Tr: '_ ~~; ~pr 71 . i 34, =._:c' Jt '~71.
Q';:,~R Pnf TRi,S ~ ~~
~ •'~P•• r,rcur. •'..o,;rt, St. Lsscie, Co.. Flb.
The PROHISSORY NOTE secu~ed by this MORTGAGE c~ntains ~enegotiable interest
rate provisions. The INTEREST RATE and MONTHLY PAYMENTS called for by said
Note are thus subject to adjustment.
whieh has the address of 166 SW Por t S t. Luc i e B 1 vd _ Por ~[ S t. Luc i e_
Fiorida 33452 (herein "Property Address"); ~STREET) ~c~TY~
'I'OGETHER with all the improvements now or hereafter erected on the property. and all ease-
ments, :ights, appurtenances, rents, royalties, miaeral~ oil and gas rights and profits, water~ water rights, and
water stock, and all fixtures now or hereafter attach~d-io 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 foreqoing, together with said property (or the !easehold estate if this ,Zlfortgage is on a lease-
hold) are herein referred to as the "Property".
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 Borrower will
wa~rant and defend generally the tide to the Property against all claims and demands, subject to any declar-
ations, easements or restricdons listed in a schedule of exceptions to coverage in any tide insurance policv
insuring Lender's interest in the Property.
FLOii10A - SHORT fORM - 1 to A F~nily - 9n6 - FHIMC UNIFORM lNSTRUMENT
so~348 P~~E 132