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~ M22050403
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THIS INSTRUMENT N'AS PREPAREO BY:
~~~~ CITIZENi fEDCRAI. tAVINGi AIiO LOAN
AffOC1AT10N Or iT. LUCI[ COUNTY
1~00 S. F[O[RA1. NIGNWAV, FT. ~1[RC[. FLORIOA
C. R. MCOONAI.O, JR., GENERAL COUNiCL
MORTGAGE s~•°°
(SHORT FORM)
THIS MORTGAGE is made this F 1 FTH day of FEBRUARY ,
19 81 ~ between the Mortgagor~ RI CHARD. F. SCHULOES and ESME M ~ Sf.HULDES . h i s wi fe
(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 1600 South Fed-
eral Highway~ City of Fort Pierce~ County of St. Lucie~ State of Florida, (herein "Lender").
~EREAS. Borrower is indebted to Lender in the principal sum of TH i RTY-FOUR THOUSAND
AND NO 100----------------------=-------------------Dollars, which indebtedness is evidenced
by Borrower's note dated ~ebruarv 4. 198~ (herein "Note")~ providing for monthly
installments of principal and interest, with the balance of ttie indebtedness~ if not sooner paid, due and pay-
able on March 1, 2011 ,
'PO SECURE to Lender (a) the repayment of ;he 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 performanoe 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 ahy future advances, with interest thereon~ made to Borrower by Lender pur-
suant to paragraph 21 hereof or incorporated by reference hereinto (herein "Future Advances")~ Borrower
does hereby mortgaqe~ grant and convey to Lender the following described property located in the County
of SA i NT LUC I E State of Florida:
Lot 12, Block 3216, ~ORT ST. LUCIE FLORESTA PINES,
UNIT l, according to the plat thereof on file as __,-~'"
recorded in Plat Book 16, Page 35, of the public
records of St. Lucie County., Florida. ~ f~_ "
RECf1YED s (~5.00 IM ~Al~lENT OF TAXFS `_
aUE OY CL~~S 'C IHT~.ti6c8lE PERS05Al -ROpERTr, ~' - ~
PL'nSi~ANT TO :H.',^rT_1 71-134, ACit Of H7~, '` ..
L~6ER Pfi1TKK 1 < i
C1EIK qtCll(i CGKiT, tT. LYC~ C0~ ~.~ ~ ' • _ ~ • :, t ~
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The PR~ SSORY NOTE secured by th i s MORTGA6E conta i ns i ~
renegotiable interest rate provisions. The INTEREST ~',1
RATE and MONTHLY PAYMENTS called for by said NOTE are `'~~'- ~
thus subject to adjustment. ` ~- {
1 ~:~ k
t
"Mortgagor covenants that the property mortgaged herein ~' !
is nat the reside~ce of the mortgagor, nor is contiguous '•J ~. `
to the residence of the mortgagor and is not mortgagor's ~~ ~
homestead." ~ ~ , , ~,~„
whichhastheaddressof 318 N.E. Floresta Drive ' Port St. Lucie_
F 1 or i da 452 (herein "Property Address"); (lTREET) fc~Tr~
'I'OC'ETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, riqhts~ appurtenances~ rents, royalties, mineral, oil and gas rights and profits, water, water rights~ and
water stock, and all fixtures now or hereafter atwched to the property, all of which~ including replacementa
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 leagehold eswte if this Mortgage is on a lease-
hold) are herein referred to as the "Property".
Bonower covenanta that Boirower is lawfully seised of the estate hereby conveyed and has the riqht
to mortgage~ grant and convey the Pro~erty, that the Property is unencumbered, and that Borrower will
warrant and defend generally the tide to the Property aqainst all claims and demands, subject to any declar-
ations, easements or restrictiona listed in a schedule of exceptions to ooverage in any tide insurance policv
insuring Lender's interest in the Property.
FLORIDA - SHORT FORM - 1 to ~ Family - 9lJ6 - FHUMC UNIFOl1M INSTRUMEN~
BO~JK348 P~~E 475
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