HomeMy WebLinkAbout2952 Prepared By t ~ .sa~s~wsoati_
GEORGL W. SOMMBR 1~
of SOI~II~Q'sR AND FRASIER 249835 °~'°R°0"'at'~~~~'~'
i~ . U. BOx 2210 w+w~k. o~+~o~-.««
Stuart, Fla. ~p,~UNITY FE~ERAI SAVINGS AND tOAN ASSOCIATION OF RIVI~A SEACM
3s~94
~DXf~~~B ~8t~
THIS MORTGAGE INDENTURE executed this day of _______~anua~~' L____.__~_~____, _1973~~
by
BEACH CLUB COLONY OF STUART, INC., a Florida corporation, ,
ef-1iN~w+qrof--------------rStato~+lorida* hereinafte~ called the Nlortgagcx, which term as used in evary
instance shall i~clude the Morigagor s heirs, execvbrs, successors, legal representatives, and auig~s, includiny all sub-
sequent grontees, either voluntarily by act of the parties, or involuntarily by operation of law and shall denote 1he
singular and/or plural, and the masculine and/o~ feminine and the natural and/w artificial persons, whenever and
wherever the context so requires or admits, as parties of the first part, and COMMUNITY FEDERAL SAVINGS AND LOAN
ASSOCIATION OF RIVIERA BEACH, a corporatio~ existi~g unde~ the laws of ihe U~ited States of Ame~ica, hereinafte~
called the Mortgagee, which term as used in every instance shall include the Mortgagee's suocessors, legal ropresenta-
tives, and assigns, as party of the second part.
WITNESSETH, That for divers good and valuable considerations, and also in oonsideration of the aggregate
sum of money named in the F~omissory note of even date herewith, hereinaNer desnibed, the Mortgagor does grant,
bargain, sell, alien, remise, release, convey, and tonfirm unto the Mo?igagee, in fee simple, the following described
real estate, of which the Mortgagor is now seized and possessed, and in actual possession, situate in the County of
St . LuCie , State of Florida, tawit:
SEE EXHIBIT "A" ATTACHED HERETO AND
MAD~: A PART HERLOF .
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TOGETHER witfi all structures and improvements now and hereafte.• on said land and the fixtures atfached }
~ thereto and aH rents, issues, procee~ds, and profits accruing and to acc~~.~e from said premises all of which are inctuded ~
~ within the foregoing desaiption and ihe habendum hereof. Also all gas, steam, elect~ic, water and oiher heating, ~
cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, appliareees, fixtures ?
and appurtenances, which now or may hereafler pertain to or be used with, in or on said premises, even though they
` may be detached or detachable.
IT IS /11UTUALIY COVENANTED AN~J AGREED by and between the parties hereto that upon request of the Mort- '
gagor, the Mortgagee may hereafter, at its opr~on, at anyrime 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
~ further advances, with interest, shall be secured by this morrgage and shall be evidenced bv an addit~onal note then
~ unpaid, and the rotal amount of indeb~edness 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_130,000.00 ~,~ther with interest thereon and any and all disbursements made by the Mortgagee for the ;
payment of taxes, levies, ot insurance on the property covered by the lien of this mortgage with interest on such disburse- ;
ments at the rate specified in the note referred to in this mortgage, and for reasonable attorney's fees and court costs
incurred in the collection of any or ail of such sums of money.
~ ;
~ RETIiRN TO MORTGAGEE O Q o ~
P. O. BOX 9847 d~Qx~~~ P~~V~
RIVIERA BEACH. FLA. 33404
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