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516193
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THIS INSTRUMENT IkAS PREPAAED BV:
CIT12ENf FEDCRAI fAVINGi ANO LOAN
AtiOC1AT10N OI iT. LUCIE COUNTY
It00 s. FEO[RAL NIGMWAY, FT. ~I~RC[, FLORIDA
C. R. MCOONALO, JR., G~NERA{. COUNi[1.
RENE60TIA8lE RATE
MORTGAGE
(SHORT FORM)
i
22oso3s7 b~,~ o
THIS MORTGAGE is made this 2nd day of February ,
19 $~ ~ between the Mortgagor~ COUNTRY SQU I RE BU 1 LDERS . 1 NC .. A FLOR i DA CORPORAT I ON
(herein, "Borrower"). and the Mortgagee.
CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY~ a cocporation
ocganized and existing unde~ 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, Borcowec is indebted to Lender in the principal sum of FORTY THREE THOUSAHD S 1 X
~UNDRED AND NO/l OQ---------------------------------- Dollars~ which indebtedness is evidenced
bx Borrower's note dated ~ebruarv 2~ 1981 (herein "Note")~ providinq for monthly
installmenta of principal and interest, with the balance of the indebtedness. if not ~ooner paid~ due and pay-
able on .lune 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 agresments 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"), Borrower
does hereby mortgage~ qrant and convey to Lender the following de~cribed property located in the County
of ~T _ ~uc I F State of Florida:
Lct 1, Block 476, PORT ST. LUCIE, SECTION 26, according to the plat
xhereof on file in Plat Book 14, Pages 4A through 4C, Public Reco~ds
of St. Lucie County, Florida. '
The PROMISSORY NOTE secured by this MORTGAGE contains renegotiable
inte~est rate provisions. The INTEREST RATE and MONTHLY PAYMENTS
called for by said Note a~e thus subJ-ect to ad~ustment. • ~
~~ i 87. a Q a~ r~~xt oF troas
CUE 0:1 CtlSt 'C !'iTs1, Rt E PFSSOt~~I ~
P11RSJlJIT TO CN •=T-~ 71- i. 4•:TS Oi I~7L
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which has the address of NE corner of Jetty Terrace and Ai roso Blvd. . Port St. Lucie,
Florida 33452 (herein ~~Property Address~r~~ ~lTRCET) (CITY~
'I~OC'E'THER with all the improvements now or hereafter erected on the property, and all.eaee-
ments, riqhts, 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 replaoements
and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortqage;
and all the foreqoing~ together with said property (or the leasehold estate if this Mortgage is on a lea~
hold) are hercin referred to as the "Property".
. Borrower covenants that Borrower is lawfuliy seised of the estate hereby conveyed and has the right
to mortgage, qrant and convey the Property, that the Ptoperty is unencumbered~ and that Borrower will
warrant and defend generally the tide to the Ptoperty againat all claims and demands. subject to any declar-
ations, easements or restrictiona liated in a schedule of exceptions to coverage in any tide insurance policv
inaurinq Lender'a interest in the Property. .
FLORIDA - SHORT FORM - 1 to ~ FMnily -~l/8 - FHLMC UNIFORM INSTRUMENT g~K 3,48 PAGE ~~~