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HomeMy WebLinkAbout1925 ~ 1`74531 MRAII[O ~Y: c~owwn~, Rar~sn • KARFtN~[Ratll o. wx s~~s RIVItRA •~ACII. ~1.A. i~401 co~uNmr ~ snviNOS nno to~ ~?ssocu?twN o~ Rnneu : ~{ur#~~~E ~ee~ THIS MORTGAGE INDENTURE executed this _____1.~ day of _..J~uary__ 1969 . by GREEN & REPP, INC., a Florida corporation of the Counry of Dade , State of Florida, hereinafter called the Mo~tgagor, which term as used in every insta~oe shall include the Mongagor's heirs, executors, successors, legal representatives, and auigns, including all sub- sequent grantees, either volu~tarily by sct of the pahies, or involunta~ily by operation of law and shall denote the singular and/or plural, and the masculine and/or feminine and the naturai and/o~ artificial persons, whenever and whereve~ thc oontext so requires or admits, as parties of the first patt, and COMMUNITY FE~ERAI SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH, a mrporotion existing under the laws of the United States of Ame~ica, hereinafier called the Mortgagee, which term as used in every insta~ce shall include the Mortgagea's suc~euors, legal ropresents- tives, and auigns, as party of the seo~nd pan. WtTNESSETH, That for divers c~ood and valuable considerations, and a!so in ao~siderotion of the aggregate sum of money named in the promissory note of eve~ date herewith, he~einafier desc~ibed, the Mortgagor does qrant, bargain, sell, alien, remise, release, convey, and, confirm unto the Mortgagee, in fee simple, the folbwing dest~ibed real estat~, of which the Mortgagor is now seized and possessed, and in actual possession, situate in the County of S~ Lucie . State of Florida, to-wit; Fram the Northeast corner of Lot 68 of MARAVILLA GARDENS SUBDIVISION, as recorded in Plat Book 7, page 19, S~ Lucie County, Florida; run South along the East line of said Lot 68, a distance of ~50 feet to the Point of Beginning; thence run W est parallel with the North line of said Lot 68, 253. 4 feet to a point that is 59 feet East of the present right of way of U. S. ~1; thence run Southerly 365 feet parallel with U. S. #1; thence run East parallel with the North line~of said Lot 68, 242.08 feet to the East line of said Lot 68; thence run North along said Lot line 365 feet to the Point of Beginning. This mortgage is made in accordance with a Construction Loan Agreement of even date herewith between the mortgagor and mortgagee, which by reference 1 ' is made a part of this mortgage. ~ ~e - ' ~ ~ ~ Z Q . '~"m sJ'o, ~ a ~ m ~ 3 ~ ? ~a P ~ ~ z , , . FQG~R p~pRF, ~~y R ~i~A~c1S~~p~~~ ~ ~ ~ ~ Agent fo~ G e~ Grcuit ~ 1~~ ' ~ ~ T / r1( l s ~ ~ ~ ~aci! Cour Taa~ Co11 ~~J/~~~ - - ' • ~ :O A r B~ } a ~ ~ 6 < z H ~z , E ~ -S~J ~ TOGETHER with all stnxtures and improvements nbw and he~eaher on said land and the fixtures attached thereto and ali renta, issues, prooeeds, and profits aacruing and to acuue from said premises all of whKh are incluckd within the forego;ng desaiption and the habendum hereof. Also all gas, steam, elect~ic, wate~ and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, applianoes, fixtures and appurtenanoes, which now or may hereafter pertain to or be used with, in or on said premises, even thotph they ~ may be detached or detachable. ' IT IS ~AUTUALLY COVENANTE~ ANU AGREEU by and between the parties hereto that upon request of the Mort- gagor, the Mortgagee may hereafter, at its option, at anytime within twenty (20) years from the daic hereof and be- fore full payment of this mortgage and notes secured hereby, make further advances to the Mortgagor and any such further advances, with interest, shall be secured by this mortgage and shall be evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this mortgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed ~he ma~Fimum principal sum of = 275, 000. 00 ~~ther with interest thereon and any and all disbursements made by the Nbrtqagee for the payment of taxes, levi~:s, or insura~ce on the property covered by the lien of this mortgage with interest or~ such disburse- ments at the rate specified in the note referred b in this mortgage, and for ~easonable attorne~s fees and oourt oosts incurred in the collection of any or all of wch sums of money. BOOK175 PAGE~9~~ . - ~y ~ _ . - - - - ~ _ ~ : _ _ ~ ~ . : _ . . .