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ADJl1S7At~t.~ RAl'E: M()1t'fI:AGF f~hiiim~rumen~ wa~Frtpa~t~by: ~
(SHOR1' FORiNI _W.N. Walker. J?., f.squire ~
RlxAwell, Wilkzr, (:ray, Powe?~, Flick fc H i 1?1
. ~~.y~~~~ ' One "x?athes~~'I filyd Avrn~+r
~ . ~ Miami, ~i;Kida 331~1
, Fi?t Number. 1Gb-913/PA/dCil
' The ~'romi+sory Note secu~cd by thi~ Mon~~r mniain~ sdju~~ahle lnterY~t r~te ~nd p~ymem
prorl~ions. The intercu rate a~d monthl~ paymenu cslled for by said Nae ~re ~hu~ iub~ect to
unil~trnl modilkalbn by Itndtt
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't'H~S MORTC,AGE is madc this day of ft~ , 1!? ~o~ , be1M•r.tn the M~ngagor, 1'1 •
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IVAN 3. GOTTWAI,D AND EVA M. GOTTWALD, His wife, •
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(herdn `sorrower'),
andtheMonaa6ee.AM£RIFIRST~EDERALSAVINCSANDLOAtVAS.SOCI~lT(ON,acotporationo~anisedandexatin6 underthchMnofthe
- Unitcd Statn of Ar.xrics. wl~t acWrcss is One Southes~t Third Avenue. Miami, Florida SS19t {f,sre~n'Lender'). AEPENDING upon its
terms, the Note secured by this Morcgage may be at an inrerest rate which is ad~ustable
or fixed. Also, from time to.time, aecording to the terma of the Nate, the Borrower and~
Lender or their successors may,agree to amend the rate~and manner in whirh interest ~harged.
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WHEREAS, Borrower is indcbted to l.ender in the nnci 1 sum ef FORTY FIVE THUUSAND AND NO 100----------------
($45 000.00)--------------------P-DOLLARS----• whkh indebtedtxss i~ ~vit3tnted bY Borro~rers Adjustabk Rate
MortRage ~iotr dated of even date ~ (hercin "Nae'?,p~pvidirtg f r monthly~i enents of pr~'ncipaJ a
interest, with the Euiance of the indebtedneu, if na ~oone~ paid, due and pa~abk on a- d8te t~iirty years trOm t~e .
date of this Mortgage so long as Borrower Glects to renew the Promissory Note pursuant to
reneWal provision~, if any, existing there3n. .
TO SECURF. to l.eader (a) the repayment of the i~debtedness cridenced by the Na~ with intercu ~hercon; (b) the payment of all aher ~ums.
with intere~t thercon, acivanced in accordsnce herewiti~ w protect the security of the ~ton~age; (c) the perfarmance or the tovenants snd
• a~reemenq of Barrorver ncrein contained; (d) the perfocmance of the covenanu and agrr~Rients inccxparated by refennce hereinto; and (e) the ~
rcpay~aent of anq future advance:, with intereu thereon, made to Borrower by l.ender punuant to pangraph Yt hereo[ or incorporsted by .
rcferct~te hercinto (l:ertin 'Future Advancei Borrower doci hxreby mongagc, gnnt and convey to l.ender thc folbwing de~ctibed propertr
buted in the County of ST. LUCIE . Suitr af Florida
Being Townhouse 4C of ISLAND VILLAGE, PHASE ONE, Being more particularly
described as follows: _ ~ . ~ ~
' ADDENDU;i ATTACHED NERETO AND MADE A PART HEREOF m~ W D~~ _1
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Received In ra;ment Of ~axes ~ C~ Z~
• Due On Class "C" InfanSib:e ~'ersona! Pro; cr.Y, r- r _.1"'
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_ ~ Pursuant To Charter J'1, 134, Acis Uf 19~1. _ ~
' . . ROGER POITZAS ~ s, _ ~ ~ ~r*~ ~
- C!erk Ci~CUit Cou~t, St. Luci^, Co., f1a. O- r~ ~
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' which h~s the ~ddre~s of g401 S. A-1-A Unit 4C ~
4 Jensen Beach, Florida 33457 ~
~ (hertin'Propeny Addreas'~;
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~ • TOGETH~it with all ehe irnprorements noe:~ or hereaRer rrccted on the propeny, and a11 ea~emetit~, rights, appurtsrunces, rcnts, royahies, _
~ mineral, ai! and gu reEhu and proTits, water, water rights, and water stock, and all fizcures now ar hereaher atuched to the propt'ty, aU of which,
includie6 replacements and additions theretu, shall be deemed to be and remain a pan of the propenr covered by this Mongaae; arid all o~ the
forrgan~, wrether with uid propenr (w the kaxhold estste in the event this Mongage is on a kasehold) are herein rcEerred co u the `Propertr"
dorrorrer coren~nts t~at Dcsrroner is Iawfully xisid ~f the atate hereby conveyed and has tht right to mortgage, grant and convey ttte
property~ t}ut the ptopertr is unerxumbsred, and that Borrowtr will wamnt and dcfcnd genenlly the titk to ~ht Propetty ~gairut all claims and
. demstedt~ ~teject W anr detlantions, eaxments or resirictans listed in a xheduk of exceptions to covcngt in any tide in~unnce policy insuring
l.enderti itrtrrae n~ thc Propertr ~
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FLORIDA-Short Form-1 ?_a 4 Family-9/76-Revised Cor ADJUSTABLF. RA'I'E httges_ by A.F.-5/SI
- goox~~ ~ 9~'4