HomeMy WebLinkAbout0759~ ~'c y 7/
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MORTGAGE :; ~ t~ ~ :~ ~~;~
THE PROMI8SORY NOTE SECURED BY THIS MORT~3ACiE CONTAINS RENE~30TIABLE INTEREST RATE
'aROVIS10N3. THE INTEREST RATE AND MONTHLY PAYMENTS CALLED FOR BY SAI~ NOTE ARE THUS
SUBJECT TO ADJUSTMENT. /~ S~ d O
THIS MORTGAGE is made th~~ ~MD day ot FEBRUARY. 1981 between the Mortgagor,
JOH~! F. KOSS, A SINGLE AI~ULT AND RITA RHILIPSO~l, A SINGLE ,pDU4.T
jhere~n"Borrower'-, and the Mortgagee. F~rst Federal Sav~ngs and Loan Assoc~at~on ot Mart~n County. a corporat~on
organized and exist~ng under the iaws ot the Un~ted States o! Amenca. whose address ~s 989 South Federai H~ghway.
Stuan. Florida 33494 ~herein ~'Lenaer'-.
WHEREAS. the Borrower is indebted to Lender in ;he pnncipal sum 6t- ~ Z 70400. 00) ---
---SEVENTY 7HOUSA~lD FOUk HU~lDREU AND NO /100 THS---
Oollars. which indebtedness ~s ev~denced by Borrowe~s note datedFEbRUARY 02. 1981 ~herem ~~Note~-.
a copy ol wh~ch Is attached and ~ncorporated by reference. prov~ded for monthiy ~nstallments ot prmc~pai and
~nteres~ with the balance ot the ~ndebtedness, ~f not sooner pa~d, due and payable on
MARCH O1, 2011.
TO SECURE to lender (a) the repayment ot the indebtedness ev~denced by the Nole. w~th ~nterest thereon. the
payment of all othPr sums. w~th mterest thereon, advanced ~n accordance herew~th to protect the secur~ty of th~s Mort-
gage, and the pertormance of the covenants and agreements o! Bor~ower herein conla~ned. and~ b) the repayment ot
any tuture advances, w~th interest thereon, made to Borrower by Lender pu-sua~t to paragraph 2t herea~ ihere~n
~~ Future Advances"). Bor~ower does hereby mortgage, grant and convey to Lender Ihe foltow~ng descr~bed property
iocated ~n the County ot ST . LUC I E .
State ot Florida:
UNIT 70A, TARPOh HAY VILLAS, ACCORDING TO THE F~LAT TNEkEOF.
kECOkUEU IN PLAT 800K 20, PAGE 15. OF TNE PUbLIC kECORDS OF ST.
LUCIE COUNTY. FLORIDA.
~ f !~/D.~~ IN tAYM:1R OF TAI~Ef
QUE 0!1 CL~St 'C fttTAKG ,lf P:F~C:~~l PROPERTY~
PU'$L't11i 7~ CK.'.~i:: 71-~'d, ACiS OF 1~71.
:...~_a F~~t:-.~ts .m
c«x uAcu~T c;,eeT, st. tu:.~ co. Fu-~ .
THIS INSTf~UMENT PREFAREii BY:
F I kST FEDERAL SAV INGS ANt~ LOAM
ASSOCIATION OF MARTIid COUNTY
FO HOX 989, STUART, FLA_ 33494
~3Y: MARY B. HALIICY
1_OAN NUhfPER 0020051768
wh~ch has the address of ~-100 MITCHELL AVF_ ,#7Q4, FORT ST. LUCIE. FLOFIIiA 33452
~ S~~eeh r .;
( here~n '~ Proper!y Address'!.
S~ate anrf I~n Cr,As+~
TOGETHER w~th all the ~mprovements now or hereaiter erected on the property, and all easements. r~ghts.
appurtenances. rents. royalt~es. m~neral. o~l and gas nghts and prol~ts, eyater. water r~ghts. and water stock. and al1 f~x-
tures now or hereafter attached to the pro~,-erty. all ot which, ~ncluding replacements and add~t~ons thereto. shall be
cieemed to be and rema~n a part of the property Lovered by this ;vlartgage: and all ot the fore~o~ng, together w~th sa~d
propertylor the Ieasehold estate ~f th~s Mortgage ~s on a teaseholdf are here~n referred to as the'~Properly'.
Borrower c~venants that Borrower is fawfully se~sed of the estate hereby conveyed and has the r~ght to mortgage.
grant and conveythe Property, that the Praperly+s unencumbered. and the Borrowerw,Ii warrant and defend generatly
the t~tle to Ihe Property against all c~a~ms and demands, sub~eci to any dec~arat~ons, easement; or restr~ct~ons I~sted
~ ~n a schedule ot excephons to coverage ~n any Utle msurance pol~cy msunng Lender's ~nterest m the Property
RENEGOTIABLE RATE FFMC (6/80) B`l~K c~~~ PACE 759
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