HomeMy WebLinkAbout0106 3~~t:'~:;t~ •
7bis instiumeot was prcparecl by:
Marion M. Cromwell
of the Law O(fice of
. CROMWELL ~ REl?lSEN
Conununity Federel Building
B~oadway at Blue tleroa
Riviera Beach. Floricla 334W
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIAT~ON OF RMERA BEACH
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THIS 11lORTGAGE INDENTURE e:ecuced tWs 15 th day of J ul y . 19 7 6 .
t~y
GORDON O. PROCTOR and PEGGY L. PROCTOR, his wife '
of the County of $t. Lueie . State of Florida hereinafter c~!lled the Mortgagor, which te~m as uted in every in- +
stanee shall indude the Mortgagor
s heirs, euecutors, suci.~cssors, kgal npresentatives, and assigas, iacluding all subsec;uent grantoes, either
~•oluntarily by act of t6e parties, or involuntarity by operatioa af Lw and sl~all de~te the singular aacl/or plural. and the masrul'u~c and/or
fcminine and the natural and/o~ artiKcial persons, whenever and wherever the context so requires or admits, as pariies of the first part, aad
CO~IAtUA'ITY FEDERAL SAVINCS A~~ID LOAN ASSOCIAIION OF RIVIERA BEACH, a corporation ezistiag under the laws of the
C7nited States of America, hereeinaEter called the Mortgagee, whkh berm as i~seci in e~•ery instance shall include the 111ortgagee's successors,
legal represeatatives, and assigas, az party of the seoottd part.
WITN~,SSETH, That for divers good and vatuable aoasideratioas, ar~ alco in consideraGon of the avgregate sum of uwney named
in the prornissory note of even date herewith, hereinafter described, the Mortgagor does grant, beugain, sell, eliea, remise, release. convey,
and confirm unto the biortgagee, in fee simple~ the foDowing described mal estate, of which the~ Mortgagor is now seized and po~d.
and in actua) po6session, situate in tbe Coanty Of St. Ll1C 1@ ~ State of Florida, to-wit:
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Lot 12, Block 131, PORT ST. LUCIE SECTION TWENTY SEVEN,
according to the plat thereof as recorded in Plat Book 14, pages
5, 5A through 5I of the public records of St. Lucie County, Florida.
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TOCETHER with all structures and improvements now sud hereafter on said land and the futurrs attached tbereto and all rents,
issues, proceeds, and proEts accruing and to accrue from said premises all af which are included within the foregoing description and the
t~abendum hereof. ~Uso all gas, steam, eleciric, rvater and other heating, cooking, refrigerating, lighting, plumbing, ventilatin8, irrigatin,g,
and power systems, machines, appliances, fixtutes and appurtenances, whic6 now or may hereafter pertain to or be used with, in or on said
prc:nises, even though they may be detached or detachable.
IT IS MUTUALLY COVEKAiVTED AND AGREED by and between the parties hereto that upon requcst of the 111ort¢agor, the itort-
Ragee may hcreafter, at its option, at anytime within twenty (20j years from the date hereof and befone fu11 payment af tLis mortgage
and notes secured hereby, make further advances to the btortgagor and any such further advanc~es, ~vith interat, shall be secured by this ;
rnortgaxe and shall be evidenced by an additional note theo unpaid, and the total amouat of in~ebtedness tbat may be secured by this mort-
~aqe may decrease or increase from time to time, but !he lotal unpaid balance so secured at any one time shall not ea[ceed the ma=imum
principa! sum of $ 36, 000. 00 , together with interest theceon and any and all disbwsements made by the Mortgagee for the pay-
ment of ta~es, le:ies, or ituurance on tLe property covered by the ]iea of thu mortgage with interest on such disbursements at the rate speci-
fied in the note referred to in this wortgage, and for reasonable attomey's fces a~i court coats ~ncurred in the collection oE any or all of
such sums of money.
RBTUAN TO ~[OR'PGAGBB ~
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f f.r~~ P~~E ~ l) P. O. HOl[ IOA73 ~
RIVIERA BEACB. IrLA. 33104
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