HomeMy WebLinkAbout2394 Prepared By: George W. Sommer, Attorney 1e ~ ~~!°y'"-
P. O. BOX 2205, Studrt, 'Fld.
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COMMUNITY FEDERAL SAVtNGS AND IOAN ASSOCIATION Of RIVIERA sEACM
or#~tt~e ~EP~
THIS MORTGAGE INDENTURE executed ihis day of Ms"iY_~~L_______________________, 1~ ~Z______,
by .
RONALD C. PETERSON and VIRGINIA R. PETERSON, his wife,
of the Cou~ty of .t~Sartin , State of Florida, hereinafter called the Mortgagor, which term as used in every
instance shall i~clude the Mortgagor's heirs, executors, successors, legal representatives, and assigns, includi~g alt sub-
sequent grantees, either voluntarity by act of the parties, or involuntarily by operation of law and shall denote the
singular and/or plural, and the masculine and.!or feminine and the natural and/or artificial persons, whenever and
wherever the mntext so requires or admits, as parties of the first part, and COAAMUNITY FEDERAL SAVINGS AND LOAN '
ASSOCIATION OF RIVIERA BEACH, a corporation existing under the laws of the United States of America, hereinafte~
called the Mo~tgagee, which term as used in every instance shall inciude the Mortgagee's successors, legal representa-
tiv~s, and assigns, as party of the second part.
WITNESSETH, That for divers good and valuable consicierations, and also in consideration of the aggregate
sum of money named in the promissory note of even date herewith, herei~after described, the Mongagor does grant,
bargain, sell, alien, remise, release, convey, and tonfirm unto the Mortgagee, in fee simple, the following described
real estate, of which the Mortgagor is now seized and possessed, and in adual possession, situate in the County of
St: LuCi.e . State of Florida, to-wit:
Lot 22, Block ~0 of RIVER PARK, Unit 7,
according to the Plat thereof as recorded
in Plat Book 12, at Pages 41 and 41A of
the Public Records of St. Lucie County,
Florida.
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; TOGETHER with all structures and improvements now and hereafter on uid land and the fixtures attached
- thereto and aH rents, issues, proceeds, and profits accruing and to accrue from said premises afl of which are i~cluded
= within the foregoing description and the habendum hereof. Also all gas, sieam, electric, water and other heating, ?
- cooking, refrigerating, (ighting, plumbing, ventifating, irrigating, and power systems, machines, appliances, fixtures
~5 and appurtenances, which now or may hereafter pertain to or be used with, in or on said premises, even though they
~-L may be detached or detachable.
IT IS IAUTUALLY COVENANTE~ AND AGREED by and between the parties hereto that upon request of the Mort-
gagor, the Mortgagee may hereafter, at its option, at anyt~me w~thin twenty (20) years from the date hereof and be-
fore full payment of this mortgage and notes secured hereby, make further advances to the Mortgagor and any such
:~;Y 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 the maximum principal sum of
s_2__1~500~00~_____~ together with interest thereon and any and all disbursemenis made by the Mortgagee for the 3
- payment of taxes, levies, or insurance on the property covered by the lien of this mortgage with interest on such disburse- j
ments at the rate specified i~ the note referred to in this mortgage, and for reasonable attorney's fees and court costs }
- incurred in the collection of any or all of such sums of money.
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RETURN TO MORTGAGEE
P. O. BOX 9847 ~
RIVIERA BEACH. FLA. 33404 ~
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