HomeMy WebLinkAbout2264 ?3'
~f~49'76
~ Instrument wa. prepted bI?s
Robert 4, B:~rsen~jb
of the Law Office of
CROMW>e.Li. 8t REl?iSl3N
Flat Marine Bank Bu~ildinyg et6 Fbor
Rtvbra Beach, Florida 33l0~
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH
~IIx#~M~E ~PE~
THIS MORTGAGE INDENTURE executed this ~ day of October '•Yti~ 19 ?9.
by
ELDCO, ING. , an Ohio corporation
of the County of ,State of Ohio aped ~ M
orl~agor, which term as used in every in-
stance shall include the Mortgagor's heirs, executors, successors, ]egal rzpra~tatives, and assigrss, including all subsequent grantees, either
voluntarily by act of the parties, or involuntarily by operation of Iaw and sbaII denote the singular and/or plural, and the masculine and/or
feminine and the natural and/or artificial persons, whenever and wherever tLe oontmd m requires or admits, as parties of the first part, and
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH. a corporation existing under the laws of the
United States of America, hereinafter called the Mortgagee, which term as used in every instance shall include the Mortgagee's successors,
legal regreser,talises, artd ~Kigr+s, as arty of the second part.
WITNESSETH, That for divers good and valuable coasideratioas, and aL,o in consideration of the aggregate sum of money Warned
in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, rrn,;se, releau-, convey,
and confirm unto the Mortgagee, 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, to-wIt:
Lt~t t2, Block ?3, SOUTH PORT ST. LUCIE UNIT FIVE, according to the plat
thereof, as recorded in Plat Book 14, Pages 12 and 12A through 12 G, of the Public
Records of St. Lucie County, Florida.
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O Rid:iiiJ s 73~ IofJ 1!' F" ~':"T e= TAXES
1 -
CL_~t: Gti~~ii,T L::1"~T, :.I. lti_;~ CG., FLA. ~f , ,
TOG);THER with all structures and improvements now and hereafter on said Lurd and the fixtures attached thereto and all rents,
issues. Proceeds, and profits accruing and to accn,e from said pn;mises all of which are included within the foregoing description and the
• habendum hereof. Also aD gas, steam, electriq water and other heating, ooolang, refrigerating, lighting, plumbing, ventilating, irrigating,
and power systems, machines, appliances, fixtures and appurtenances, which now or may hereafter pertain to or be used with, in or osr said
premises, even though they may be detached or detachable.
IT IS AIUTL'ALLY COVE;tiAIvTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mort-
Kagee may hereafter, at its option, at anytime within twenty (20) Years from the date hereof and before full payment of this mortgage
and notes secured hereby, make further advances to the Mortgagor and any such further advances, with interest, shaII 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 thus mort-
gage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the mazimun,
principal sum of = 3Ei, 80D. 00 ,together with interest thereon and arri and aU disbursements made by the Mortgagee for the pay-
ment of tazes, levies, or insurance on the Property covered by the lies of this mortgage with iater+est ~ such disbursements at the role sped-
fied in the note referred to in this mortgage, and [or reasanabLs attorney's fees and court casts incurred in the collection of a~ or aII of
such sums of money. •
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