HomeMy WebLinkAbout0937 3,50
4'7~735~ iofhumeat wa. prepareaf hy:
ROBERT A. Bl1RSON, ESQ.
of the Lsw Office of
CROMWEI.L ~ ASMSEN
First Marine Bank Building 8th Floor
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Rivlera Beach, Fbrida 3340!
COMMUNITY FEDERAL SAVING4 AND LOAN ASSOCUTION OF RIVIERA BEACH
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THIS MORTGAGE INDENTURE executed this ~ ' ~ day of February ~ 19 80 ~
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DANIEL A. TOSCH AND SHARON A. TOSCH, his wife, AND DONALD L. ERICRSON and MARJORIE
P. ERICKSON, his wife
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of the County of ~AKLI4NA ,State of MiChiBan herdna[ter called the Mortgagor, which term as used in every in-
stance shall include the Mortgagor's heirs, ezecutors, successors, legal representatives, and aasigos, including all subsequent grantees, either 's
voluntarily by net of the parties, or involuntarily by operation of law and shill denote the singular and/or plural, end the masculine and/or
feminine and the mtural and/or artificial persona, whenever and wherever the content so requires or admits, as parties of the first part, and
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH, a corporation existing under the Lws of the
United States of America, hereinafter called -the Mortgagee, which term a: mail in every irraduroe shall include the Mortgagees successors,
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legal representatives, and assigns, as party of tbe second part. ?
WITNESSETH, Tbat for divers good and valuable consideratioaa, and also in consideration of the aggregate sum of money narrred
in the promissory note of even date herewith, hereinafter described, the I?iartgagor does grant, bargain, sell, alien, remise.. release, convey,
and confirm unto the Mortgagee, in fce simple, the following described real estate, of which the Mortgagor is raw seized and possessed,
and in actual paaseuion, situate in the County of. St . Lucie , Smm ~ ,
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Lot 101, of TARPON BAY VILLAS, in accordance with the Plat thereof on file in ~
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the office of the Clerk of the Circuit Court in and for St. Lucie County,. Florida,
in Plat Book 20, Page 15. j
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IefcElvEe : r r-hf. e~ ~ PA>f11ENT ~ Tugs 4
CUE ON CItSS 'C tNTAKGBIE PERSOtiI,L PROPEATrr
~ ~,o ~ FUf.SUxNT TO • NAPT£-t 71- '4, ALTS QF 117E
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TOGETHER with all structures and improvements now and bereafter on said Iand and the firtures attacbed thereto and all teats,
~ issues, proceeds, and profits aocnring and to accrue from said premises all of which are indnded within the foregoing description end the
_ habendum hereof. Also aD gas, steam, electric, water and otber heating, cooking, refrigerating, lighting, plumbing. ventilating, irrigating,
and power systems, machines,. appliances, firturea and appurtenances, which now or may hereafter pertain to or be used with, in oT on said
1 premises, even though they may be detached or detachable.
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IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the 1?tortgagor, the Mort-
gagee may hereafter, at its option, at"anytime within twenty (20) Years from the date hereof and before full payment ~ this mortgage
and notes secured hereby, make farther advances to the Mortgagor and nay such further advances, with interest, shall be secured by this
mortgage and shaD 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 unpaid balance so secured at any oce time shall not exceed the marzimum ,
principal sum of i 72,000.00 .together with interest thereon and any and all disbursements made by the Mortgagce for the pay-
ment of toes, levies, or irisurance on the property covered by the lies of this mortgage with interest on each disbursements at the rate sped-
fled in the note referred to Jri this mortgage, and for reasonable attorney's fees and court cosh incrrrred in the collection of any or aD of
such sums of money. - .
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