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S~VS/rV THIS INSTRUMENT ~INAS PREPAREO BY:
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R ~~1~/~ AESOC AT ON O iTSLUCIE COUNTV
~i ~i00 i. FEdERAI NIGNWAY, ~T, r1ERCE, FLORIDA
C. R. MCOONALO, JR., GCHENAL COUNSEI.
RENEGOTIABLE RATE
MORTGAGE s,,~o
(SHORT FORM)
THIS MORTGAGE is made this F 1 FT~ day of FEBRUARY ,
19 8t ~ between the Mortgagor~ RICHARO F. SCHULDES and ESME ~M. SCHULDES. his wife
(herein "Borrower")~ and the Mortgagee~
CITIZENS FEDERAL SAVINGS AND LOAN AS.SOCIATION OF ST. LUCIE COUNTY, a corporation
organized and existing under the laws of the United States of America, whose address is 1b00 South Fed-
eral Highway~ City of Fort Pierce~ County of St. Lucie~ State of Florida. (herein "Lender").
~EREAS~ ~Borrower is indebted to I,ender in the principal sum of TH I RTY-FOUR THOUSAND
AND NO 100------------------------------------------pollars~ which indebtedness is evidenced
by Borrower's note dated February ~. tg$a (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 March t, 2011 ,
'PO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note with intarest
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 aqreements of Borrower
herein contained; (d) the perfo~rr-ance of the covenants and agreements incorporated by reference hereinto;
and (ej the repayment of any ~uture 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 I.~nder the following described property located in the County
of SA 1 NT LUC I E State of Florida:
Lot 12, Block 3216, PORT ST. LUCIE FLORESTA PINES,
UNIT 1, according to the plat the~eof on file as ~"
recorded in Plat Book 16, Page 35, of the publjc
records of St. Lucie County, Flo~ida.
RLCfJYEO t ~o g. b0 IN ~AT4!RMT QF TA7Q'S
E1SF OY CL~:,S 'C' 1?~T~tiG~3LE PE65.~.r:Rl p~OpEpn~
PIS~:S:;~llt TO .H::Pi,+ 71-s'~, AC7S OF 1!)1,
- f.,,GER PWTf~AS
CLER~ qA.^.YIT CGNtT, tT. Wf,~ C0~ fLA(~.~'
The ~ROMISSORY NOTE secured by this MORTGAGE contains ~
renegotiable interest rate provisions. The INTEREST
RATE and MONTHLY PAYMENTS called for by said NOTE are -
thus subject to adjustment. ;
"Mortgagor covenants that the property mortgaged herein -`
is not the residence of the mortgagor, nor is contiguous ~
to the residence of the mortgagor and is not mortgagor's --
homestead."
RE-RECORD TO SHOW ADDITIONAL WITNESS
whichhastheaddressof 318 N.E. Floresta Drive Port~St. Lucie_
F 1 cr ~ da 452 (herein "Property Address"); ISTREET) ~c~TY~
TQGE'THER 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 st~ck~ and all fixtures now or hereafter attached to the property, all of which~ includinq replacements
and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortqage;
and all the foregoing, together with said property (or the leasehold estate if this Mortgage is on a lease-
hold) are herein referred to as the "Property".
Borrower covenants that 8ocrower is lawfully seised of the estate hereby conveyed and has the riqht
to mortqage, grant and convey the Property. that the Property is unencumbered, and that Borrower will
wanant and defend qenerally the title to the Property against all claims and demands, subject to any d~clar-
ations, easements or restrictions listed in a schedule of exceptions to coverage in any tide insurance policv
insuring Lender's interest in the Property.
FlORIOA - SHORT FORM - 1 to 4 Family -~lI6 - FHLMC UNIFORM INSTRUMENT
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