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HomeMy WebLinkAbout1960 ~ w . + s • • • • ~ • • • • • • • • • • • 4~f 58'7 ~ ~ • This instrument war prepared by: Robert A_ ROrAAIt/i'h of the Law Office of CROMWELL dt RB11iSEN Flat Marine Bank Buikliug 8th Fbor QA01 Broadway Aivien Beacb, Florida 33lOS COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH ~AXf~2t~E ~BCiti THIS riORTGACE INDENTURE executed this 19th d'y °f November 19 ?9 by PECK CONSTRUCTION CO. (a/k/a PECK CONSTRUCTION COMPANY), a Florida Corporation of the County of Martin ,State of Florida hereinafter called the 1?iartgagor, which teen as used in every in- stance shaII include the Mortgagors heirs, ezecutors, successors, legal representatives, and asaigm, including all subsequent grantees, either voluntarily by act of the parties, or involuntarily by operation of law and shaII denote the singular and/or plural, and the masculine and/or feminine and the natural and/or artificial persons, whenever and wherever the eontezt so requires or admits, as parties of the first part, and COMMUMTY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RMEM BEACH, t corporation existing under the laws of the t United States of America, hereinafter called the Mortgagee, which term as used in every instance shall indude the Mortgagee's successors, lt•wal representatives, and assigns, as party of the second part. WITNESSETH, That for divers good and valuable considerations, and also in consideration of the aggregate sum of mocey named in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, convey, and confirm unto the Mortgagee, in fee simple, the following described real estate, of which the Mortgagor u now seized and possessed, and in actual possession, situate in the County of St. Lucie 'State of Florida, bo-witz Lot 7, Block 66, of SOUTH PORT ST. LUCIE , UNIT FIVE, a subdivision, according to the plat thereof as recorded in Plat Book 14, Page l2 of the Public Records of St. Lucie County, Florida. i I, ~ , ; iI ~ i 90.6,0 F Received s In Payntsrtt Of TexN i Due on Class "C" Intanpit+le Personet propwty, ~'u?suant To Chapter 71, 134, Acts O~'871, ` ROGER POITRA.S 9 I r'tery Circuit Court, SL LucM, CO., Fla. 1 _ 1 i7 ~ . - i l t t TOGETHER with all structures and improvements now and hereafter on said land and the futures attached thereto and aD rents, issues, proceeds, and profits accruing and to accrue from said premises aII of which are included within the foregoing description and the habendum hereof. Also all gas, steam, electric, water and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, > and power systems, machines, appliances, futures and appurtenances, which now or may hereafter pertain to or be used with, in or on said premises, even though they may be detached or detachable. t r IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Aiortgagor, the Mort- Magee 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 a~ such further advances, with interest, shall be secured by this a mortgage aril shall be evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this wort- gage may decrease or increase from time to time, but the total u~sid balance so secured at any one time shall not excced the maximum principal sum of ; 45, 000. 00 ,together with interest thereon and any and all disbursements made by the Mortgagee for the pay- went of taxes, levies, or insurance on the property covered by the liea of this mortgage with interest on such disbursements at the rate speci- fied in the note referred to in this mortgage, and for reasonable attorney's foes and court costa incurred .in the collection of any or all of such sums of money. 32t~ i~~`1 BOCK ngrvruv ~ro nvsrnvx~-r pxrr~?nmr