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THIS IS A BALLOON MORTGAGE SECURING A VARIABLE (ad~ustable; renegotiable) RATE
OBLIGATION, ASSUMING THAT THE INITIAL RATE OF INTEREST WERE TO APPLY FOR THE
ENTIRE TERM OF THE MORTGAGE, THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL
BALANCE DUE UPON MATURITY WOULD BE APPROXIMATELY ~ 32,965.64 , TOGETHER WITH
ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER
THE TERMS ~F THIS MORTGAGE. THE ACTUAL BALANCE DUE UPON MATURITY MAY VARY DEPENDING
ON CHANGES IN THE RATE OF INTEREST.
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~ F~ i~~-- St Lude Cottna?
(Space ADove This Line Fo? Recordin~ Data] n~ T' • ~ s~ iF'a!'L.5tCt1~~
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THIS MORTGAGE ("Security lnstrumenY') is given on JANUARY 19 .
!9 90 Themortgagoris MARTIN C. GREEN and CA.ROLL M. GREEN, his wife
("Borrower"). This Security Instrument is given to
RIVERSIDE NATIONAL BANK OF FLORIDA ,
which is organized and existing under the laws of UNITED STATES OF AMERICA , and whose address is ~
2211 OKEECHOBEE ROAD, FT. PIERCE, FL. 34950
(__L.ender").
Borrow~r owes Lender the principat sum of FIFTY THOUSAND ~ NO/100
~'ir 50 ooO~OQ
Dollars (U.S. S ~ This debt is evidenced by Borrower's note '
' dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not
paid earlier, due and payable on FEBRUARY I, 1995 This Security
Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and ail rsnewals,
extensions and modifications; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the
security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security
Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender the follow~ing
described property located in . ST. LUCIE County, Florida:
PARCEL A:
Lot 3, Block 23, INDRIO L~NIT NUMBER ONE, according to the Plat
thereof, recorded in Plat Book 5, page 42, Public Records of St. Lucie
County, Florida.
. ~ AND
` i PARCEL B :
, Lot S, and that part of Crestline Drive, adjacent on the East, less
~ Road Right-of-Way, Block 17, INDRIO UNIT NUMBER ONE, according to the
Plat thereof, recorded in Plat Book 5, page 42, Public Records of
- ~.~:r ~ St . Lucie County, Florida.
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AS TO PARCEL A, THIS MORTGAGE IS SUBORDINATE TO THAT CERTAIN MORTGAGE
IN FAVOR OF RIVERSIDE NATIONAL BANK OF FLORIDA, RECORDED IN OFFICIAL RECORD
7~= A~ BOOK 589, PAGE 71, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA.
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'f~~~ ; AS TO PARCEL B, THIS MORTGAGE IS SUBORDINATE TO THAT CERTAIN MORTGAGE
"t~;=''`~ ri IN FAVOR OF RIVERSIDE TATIONAL BANK OF FLORIDA, RECORDED IN OFFICIAL RECORD
'~~'j~ 5~~; BOOK 538, PAGE 581, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA.
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4767 ARCADIA AVENUE, FORT PIERCE
which has the address of ~ 4645 N. US ~ 1, , FORT PIERCE ,
(sc~eeci {c~,yl
~ Florida 34946 ("Property Address");
~ IZ~D Code]
T(K;ETHER W~Tt~ all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances, rents, soyalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
hereafter a part of the property. All replacements and additions shalf also be covered by this Security Instrument. Aii of the
foregoing is referred to in this Security Instrument as the "Property."
$(~RRC~v~'ER CnvF.tiAtiTS that Aorrower is lawfully seised of the estate hereby conveyed and has the right to
mortgage, grant and con~~ey the Property and that the Property is unencumbered, except for encumbrances of record.
Borrower warrantti and will defend generally the title to the Property against all claims and demands, subject to any~
encumbrance~ ~f record.
Tt~~ti SECI RITY I\SIRl~1f.~T romb~neti uniform covenants for national use and non-uniform covenants with
limited ~ ananem~ h~ ~unsdiction to comtitute a uniform security instrument covering real rropeny.
FLORIDA-s e~am~;y-fNMA/ikLMC UNIFORM INSTRUMENT B~4K~~ ~+E~~O form 3010 12/83
~*-BIFLI~~890I~ ~M~MOR~GAGF~ORMS • ~?'3?938100 • ~QQC'~5"! -
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