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MORTGAGE LUAN~ 2L l 53957 ~
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TH1S'.NORTGA(;E 1"Secur~ty Instrumrnt") is gi~~tn on June 'L 1 . ~
ly t~2i The m~~rtg~g~~r iti s
Michael H. Mascitelli and Kattiy L. Mascitelli, His wiie
1"f3~~rrc~Wrr"). This Se~unty Instrumcnt is grvrn to
Eirst Citizens Federal 5avings b Loan A~socia[ion .
v?h~rh tc organizrd and ex~st~ng undcr thr law~s of THt UNIT~U 5TATE:5 OF AME[:1CA , and vvhase addrtss ~s
IbUU 5. E'ederal Highway
f[. Pierc~, ~'lorida 33450 1"Lender").
B~~rr~~Nrr owc~ Lcnder the pnncipai sum of
Seven [housand five hundced and NU/LUU--------------'-"--"-'----'~----"'--------~-
[k~llars (11.S. S ~.~UU . UO This debt is c~ idenccd by Borrower's note I
dated thr +ame date a~ thit Sctiur?ty Instrument ("Note"}, which prov~dcs for monthly payments, w•rth the iull debt, if not '
paid rarl~er, dut and pa~able on July 1, 1993 This Secunty
Instrument xc:ures tn Lender. (a) the repayment of the ~debt evidenced by the Note, w~~th interest, and all renewais,
rttemi:ms and mod~fications; ib) the payment of all othtr sums, with interest, advance~ under paragraph 7 ro protect the
; uYUnt} of this Srcunt~ Instrument; and (r) the ~erformance of Borrower's covenanis and agreemcnts under thas Secunty
` Intitrument and the Notr. For this pur~x~se. Borrower does hereby mortgage, grant and convey to Lrnder the foliowin~
~ de~cnlxd pro~rrt} lcxatrd ~n St . Luc ie ('~untV. Fl~ncia:
~ [,ot 16, Block 45U, Port St. Lucie,
!f Section 10, accordtng to Che Pla[ [here-
I oi, as recorded in Plat Book 12, Page
~ 49 of the Public Records of SC. Lucie
Gounty, Florida.,/
~ In the event mort~a~or defaults ~nder any mortgage havin~ priarity over Cizis mortgaKe,
said default shall co~istitute a default under this mor[~age and any evidence of
` iadebtedness secured hereby and [he lender shall be ima~diately entitled to drelare,
i .+ith~ut notice, all sums secured hereby i~edia[ely due and payable and irrespective of
f atie[her the default under said prior nortgage is cured or no[, the lender shall be
ewpavered to proceed to foreclose this ~ortgage and [o coliect alt sums secured by this
~ ~or[gage tuge[her Kith any advances made by the lender hereunder to preserve its rights
~ under [his mortgage or its righ[s as a holdPr of a moctgage subordina[e [o any prior
~ mur[gage on Che pruper[y encu~bered hereby.
~ ~d"t,} -
~ R:ce~ved S 1~~ ~n ?ayment 01 tax!!
~ On CI jss '•C•• intang,l-le Dersona) Proptr~l,
D,;rs,~n' Tc Ch~C~or 71, 134, Ads Of 1971.
r
~ QOUG:AS G~XON,
~ C{crk G~cu~i Cour~, 51. l..ur.e, Ca, f1a: ~
~ wh~~hhe~4hcail~feti~~_~f 1Slb S'r, (;lear~on[ Street Port St. Lu~ie
~ , ,
~ ;g.,~,~ r~
. 34yt53-4U44
1~ ~r~.7~+ (..Propcrty Adc~rc~ti" 1.
I~N~E (HER Va'tili al! ~he ~mpm~ementti now c~r herrafter crected c>n the pro~cny, and ail eas~ments, rights.
ap`urtrnsrccs, rrntt, ro}alt3~, m~ntral, and gas nghts ar.d profits, water nghfs and ,tcxk and ali fixwres nuw c~r
hrreafter d~~lfi ~>f IfiC (1fC~(1Cfl~ A!1 repla~ements and add~t~ons 4nell aiu~ tx corercd by th~ti ~unty lnstrument Ail of the
f~rcg~~.ng i. refer: rd ~n ,n ~h~5 Srcunty Instrument as .hc "Pro~xrt~~."
~,kk~,v?t.tc C~~~E ~a~iti thet Kc~rrow~er is lawfully x~sed cif !hc e+t~te hcrehy rnntic}ed and has the nght to
m~~rt~a~e. erant and c~~n~ey Ihr Propert} and tha! the Propert}~ ~s unencumt~errd, exrept fur encumhrance~ of record.
Ei~~rr~,wer warr~ntt anJ wiil detend ge~tetaliy' the i~tit to tht Propcrty aga~nst all cla~m~ and demands. ~ub~ect to an}
rn~simhrsn~e~ ~~f re<<~rci
~ ( Nn 5y c? ki f 1 I~~IRt ~1F ~ f cc,mhine~ u?uform ceztienants for nauonal utie and n~m-uni~sjrm cenenants w~th
' iir~usc~i ~ sriatr,n~ M ~un.JE~s~on t~:• <<~n,t~tutc a un~f~xm xe~nty~ imtrument ro~tnng real propert~•.
E ~~x 593 9~0
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