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~ Zhis in~~-t-xwnent prepare+d bY :
N. Dean KAt~I, Jr.
Ko~hl, Bobko & I~.,Key, P. A.
2081 East Oaean Boulevard
S~ite 2B
Stuaxt, FL 34996 ~
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Z4iIS AD~TUSTABIE RATE MoR2G~GE ("Security Instnunent is given on this lsth
day of February ,19 88. ~he mortqagor is James D. Castleberry
and Marqaret J. Castleberry, his wife (~~gp~r~~~ ~
Zhis Security Instnm~ent is given to S~BOARD SAVII~ BANK, F. S. B. , which is
organized and existing under the laws of the United States of America, and whose
addr~5.s is 715 Oolor~do Av~x~, St~~t, Florida 34994 ("Letxler" Borraaer aw~es
Lex~der the principal s~n Of Ninety thousand nine hundred and no/100-----------
-----------------------------Dr~llars (U.S.$ 90.900.00 ~his debt is
evidetx~ci l~y Boz'rcxa~er's note dated the same date as .this Security Instnm~e.nt ~
("Note"), which prwides for monthlY payments, with the full debt, if not ga~d '
earlier, due arid payable on March 1. 1995 . 7his Security
Instnm~ent secures to I,ender: (a) the repaym~a~t of the debt ~videaioed by the
Note, with interest, and all ren~wals, ext~nsions, ar~d modifications; (b) the
payment of all other s~m~, with interest, advanoeci under paragraph 4 to pratec.-t
the security of the Security Instnm~nt; and (c) the perforn~a.nce of Borraa~er's
oovenants and agreements under this Security Instnunent and the Note. For this
pu~~e, Borrowex does hereby mortqage, grant and corrvey to Z,erxler the follaaing
described pYro~x.rty located in st. Lucie Cottnty, Florida:
Lot 47, Block 548, PORT ST, LUCIE, Section Thirteen accordinq to the Plat thereof
as recorded in Plat Book 13, Page 4, of the Public Records of St. Lucie County,
Florida.
c 9~i9~• a°
_ Received S ~o/~~ In Payment Of Taxes
Due On Class ~~C~ in'~ng:E~~c Person:;I Prcperty,
' Pursvar~ To Chapter 71, i34, Acts OF iy71.
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. ..i , " . , (~'fJ~.!~iCt`aj ~Ji.':~i~J.
, ~ - C~srti Circ::~? C~:~-+, 5!. ~uc e. Co., F~a.~.~/
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I whlch has the address of XXX Whitmore Drive , Port St. Lucie
~ Florida, 34952 (~~Property Addres.s~') .
Z~OGEI~igt WI`IH all the i~ravements nc7w or herP_after ex~ected an the property,
~ ar~d all easements, ric~ts, appurtenances, rents, royalties, minera2, oil and gas
riqhts and profits, Frater ri~fis and stock and all fixture.s naw or hereafter a
part of the property. Ail replaae~ni:s and additians shall also be oavered by
this Security Instrmnent. All of the foregoi.ryg is referred to in this Security
Insttlut~ent as the "Pt~operty" .
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' BORRCJWER COVII~?NI5 that Borrower is lawfully seized of the estate hereby
! corrveyed and has the right to m~rtgage, grant and oorYVey the Pro~rty and that
the Pr~perty is unencl.nnb~red, except for enam~brar~s of reoo~i. Borrawer
~ Grarrants ar~d will defer~d gen~ally the title tfl the Prap~rty against all claims
ar~d demands, subject to any enctm~branoes of i~rd.
ZHE NO?I~ SF~QJI~ ~Y OOIJPAINS PfX7VISICHS AI~.17W.IIdG ~t CfiI~NGF~ IN
INI~P RATE ArID 137IJI~~.Y II~3~ G~[JI~t PA.~P AT Ar]Y TA~ ~ PRIME?
R11Z'E 1ND~C Q-II~23G~5. INPII~ RATE (~~IJGFS I~Y HE L7MI'I'F~.
'IYie Note pravides for an i.nitial interest rate of i0.00 ~fie inter+es~
rate will change in ac~oord~ with any char~ges in the Ir?~ex. ZY?e "Index" is
~l- E~,~~ 576 ?N~~ J91
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