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_UAt1ENTl~RY,~ „~S1t,MF' 't~ ~ 1 MORTGAGE DEED
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THIS MORTGAGE made this~_day of 1979, between ~~~7
David J. Catalano and Melinda S. Catalano, its wi a hereinafter re-
ferred to as "Mortgagor" and D. K. Lindauer and M. Jane Lindauer, his
wife hereinafter referred to as "Mortgagee".
(Wherever used herein the terms "Mortgagor and Mortgagee" shall in-
clude all the parties to this instrument and their heirs, legal repre-
sentatives and assigns; and the term "Note" includes all the notes herein
described if more than one).
The Mortgagor hereby mortgages to the Mortgagee its successors
and assigns land situated in the County of St. Lucie, State of Florida,
together with all the improvements situated thereon and the tenements,
hereditaments and appurtenances incident thereto all hereinafter
collectively called the "Mortgaged Premises", and legally described as:
Unit 804, of 5EA PALMS, a CONDOMINIUM formerly known as
SEA PINES TOWER a CONDOMINIUM according to the declaration
thereof recorded January 24, 1978 in Official Records Book
280 Page 2622 of the Public Records of St. Lucie County,
Florida, and amended to change the name to SEA PALMS a CON
DOMINIUM, said amendment being recorded in the Offical Records
Book 298 at Page 894 of the Public Records of St. Lucie County
Florida.
This t4ortgage is given to secure a certain Purchase Money Mortgage
Note hereinafter called the "Note", of even date herewith from the
Mortgagor to the i~iortgagee in the principal amount of Fifty-Four
Thousand Nine Hundred and Six Dollars and Twenty-five cents.
And the Mortgagor does he~eby~covenant and agree with the
Mortgagee, while this Mortgage remains in force, as follows:
1. Mortgagor agrees to keep this Mortgaged Premises insured for
the benefit of Mortgagee, Mortgagor, and such other parties as Mort-
gagor shall designate, against loss or damage by fire and with standard
extended coverage as available from time to time in the State of Florida
for such amounts and with such deductibles as may be reasonable.
j 2. Mortgagor agrees to pay all taxes, assessments, maintenance
fees, escrow fees, and water rates that may be levied or assessed
after the date hereof upon or against the Mortgaged Premises on or before
E the last day upon which such taxes and assessments may be paid without
penalty; and the Mortgagor shall have the right to elect to pay and to
~ pay any such assessments in installments, if available.
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3. If Mortgagor shall fail to keep the Mortgaged Premises
insured as above pro~tided or to pay the premiums thereon, or to pay
-such real estate taxes and assessments, then Mortgagee, if it so elects,
s may effect such insurance and pay the premiums thereon, and/or pay
~ such delinquent taxes and assessments, and the amount so paid shall be
3 secured by this Mortgage and repaid with interest by Mortgagor within
~ 15 days after receipt by Mortgagor of written invoice therefore from
2~iortgagee .
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4. Mortgagor further agrees to be solely responsible for any
increase in escrow fees or maintenance fees which-have been or may
be assessed after the execution of this mortgage.
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damage to or es the Mortga ed y part
thereof the Mort a e elect whether the pro-
~ t+leceived s JD 8/ In Paymsm Of Texss
Due On Cless "C" IntangiblsPersonalProl>o?ty.
pu?suant TO Chapter 71, 134, Acts Of 1871.
3 0 R ~ ° c2975 ROGER PoITRAS ~,e
9~OK 307 AC. CI8?A CItCUit cOUrt. St. W~.~. W..
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