HomeMy WebLinkAbout2871NORTHM22o5o353
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51~504
RENEGOTIABLE RATE
MORTGAGE
(SHORT FORM)
THIS MORTGAGE is made this SEVENTH day of FEBRUARY ~
19 81 , between the Mortgagoc~ DOUGLAS H. NORTN and MAR I ON Y. NORTH , h i s w i fe
(herein "Bonawer")~ and the Mortgagee~
CITIZENS FEDERAL SAVINGS AND LOAN AS.SOCIATION OF ST. LUCIE COUNTY, a corporation
organized and existing undec the laws of the United States of America, whose address is 16Q0 South Fed-
eral Highway, City of Fort Pierce, County of St. Lucie~ State of Florida, (herein "Lender"~.
WHEREAS Borrower is indebied to Lender in the principal sum of F I FTY FOUR THOUSAND AND
S 1 X HUNDRED AN~ NO/100------------------------------Dollars, which indebtedness is evidenced
by Borrower's note dated February 17, 19$1 (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 JULY 1~, 2011 ,
'PO 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 agreements of Borrower
herein contained; (d) the performance of the covenants and aqreements 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
dces hereby mortgage~ qrant and convey to Lender the following de9cribed property located in the County
of ST. LUC I E State of Florida:
Lot 16, Block 485, PORT ST. LUCIE, Section 10, according
to the plat thereof as recorded in Plat Book 12, Page 49
A-G, of the Public Records of St. Lucie County, Florida.
Rf~]IIED t ~ 0~~2 ~ 1~ ~AYYENT OF TAxEi .
QUi 0?I ~ASt 'C' INTAK6:BLE rEltSONAt PR~ERTr,
PUi.SUAMT TO iMRPTfN 71-134. ACT= Of 1~]1.
flOCER -OITIIK
CIEAII CIRWR CO~RT. fT. L,YCE C0. R~e~~ .
The PROMISSORY NOTE secured by this MORTGAGE contains
renegoti.able interest rate provisions. The INTEREST
RATE and MONTHLY PAYMENTS called for by said Note are
thus subject to adjustment.
which has the address of DAMASK AVENUE , PORT ST. LUC I E
FLORI DA 4~2 (herein "Property Address"); (sTREET) ~c~Tr~
TOGETHER with all the improvements now or hereafter erected on the property, and all ease-
ments, rights, appurten~nces, rents, royalties, mineral, oil and gas rights and profits, water~ water rights, 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 rernain a part of the property~covered by this Mortgage;
and all the foreqoing, together with said property (or the leasehold estate if this Mortgage is on a lease-
hold) are herein referred to as the "Property".
aa`~c 3~8 pacE ~`~
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the riqht
to mortqage, qrant and convey the Property, that the Property is unencumbered~ and that Borrower will
warrant and defend generally the tide to the Property against all claims and demands, subject to any declar-
ations, easements or restricdons listed in a schedule. of exceptions to coverage in any tide insurance policv
insuring Lender's interest in the Property.
FLORIDA - SHORT FORM - 1 to 1 Family - 9l16 - FHLMC UNIFORM INSTRUMENT
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TNIS INSTRUMENT NAS PREPAREO BV:
CITIZENS FEpERAL SAVIlIGS ANO LOAN
ASSOCIATION Oi ST. LUCIE COUNTV
1~00 S. ~EOERAI_ HIGHWAY. FT. r1EHCE. FLORIOA
C. R. MCOONALO, Jq., GCNERAL COUNSEL
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