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THIS INSTRUMENT N'AS PREPAREG BY:
CITI2ENS.rEOERA~. SAVINGf AND ~.OAN
AfSOC1AT10N OI iT. l.UC1E COUMTV
1t00 i. FEOERAL MIGNWAY, IT. rICRC[, rLOR10A
C. R. MCOONALD, Jq„ GENERAL COUNiEL
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
22050387 ~~,~ p
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THIS MORTGAGE is made this 2nd day of Feb~ua~y ~
19 8~ ~ between the Mortgagor, COUNTRY SQII I RE BU 1 LOERS * I NC ., A FIOR i DA CORPORAT I ON
(herein "Borrower")~ and the Mortgagee~
CTfIZENS FEDERAL SAVINGS AND LOAN AS.SOCIATION OF ST. LUCIE COUNTY, a corporation
organized and existinq 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").
WHEREAS~ Borrower is indebted to Lender in the principal sum of FORTY THRE~ THOUSAyD S 1 X
HUNDRED AND NO/100---------------------------------- Dollars~ which indebtedness is evidenced
by Borrower's note dated February 2~ 1 q81 (herein "Note"), providing for monthly
installmenta of principal and interest~ with the balance of the indebtedness~ if not sooner paid~ due and pay-
able on June 1. 2011 , _
1~0 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 aqreements 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
does hereby mortgaqe~ qrant and convey to Lender the following de~cribed property located in the County
of sT_ ~r_1 State of Florida:
Lct l, Block 478, PORT ST. LUCIE, SECTION 26, acco~ding to the plat
jhereof on file in Plat Book 14, Pages 4A through 4C, Pubiic Reco~ds
of St. lucie County, Florida.
The PROMISSORY 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.
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CUE QY CttSt 'C I~tT'-.:;S RLF PF350r111~ -ROrER~.
FU~~S:i~JIT TO CH'=T_. 71- :. ~'=TS Of 1!)I.
. ~.- r II .i. .y~
Clf.1iK pACtiiT CCU~iT. Si. W~ fA, ~ ~~
Re-record to correct legal description.
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which has the address of NE corner of Jetty Ter,race and Ai ~oso Bivd. r Port St. Lucie,
Florida 33452 (herein "Property Address"); IsTNEET~ ~c~T,-~
TOGETHER with all the improvements now or hereafter erected on the property, and all eaee-
ments, rights, appurtenances, rents, royalties, mineral, oil and gas rights and pro~ts, water~ water riqhts~ and
water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements
and additions thereto, shall be deemed to be and remain a part of the properry covered by this Mortgage;
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 Bo~rower is lawfully seised of the estate hereby conveyed and has the riqht
. to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
' warrant and defend qenerally the tide to the Property against all claims and demands, subject to any declar-
ations, easements or restrictions listed in a schedule of exceptions to coveraqe in any tide insurance policv
insuring Lender's interest in the Property.
F~ORI~A - SHOpT FORM - 1 to 4 F~nily -~l18 - FHLMC UNIFORM INSTRUMENT
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BOOK 348 PAGE ~~~