HomeMy WebLinkAbout2799 ' ThIs l~strument Prepared Sys
JOHN A, DARtSON, ESQ.
4W~~ Be+r~nco, Dsrlson, pao;N L 8+ursts:n, PA
P. U. Nox ?s15
959 S, +tceral riNy,
MORTGAGE DEED sttr.rc, etw„te ,,ts~
row ~3~
THIS MORTGAGE. executed this day of .....Mt~R~N A.D., 198Q.., by
CAROLYN R. DUKE, a married woman,
hereinafter called -the Mortgagor, which term slu+ll include singular or plural, rnrpor.+tion or individual, and either sex,
and shall include the heirs, legal representalivea, sueressors and assigns of the Mortgagor, to
AMERICAN BANK OF MARTIN COUNTY,
a State banking corlwration organized and existing under the laws of Florida with its principal fdacr of business in
Martin County, Florida, hereinafter called the Mortgagee, which term shall include the suc•srssurs and :~~signs of the
said Mortgagee.
VVITNESSETH THAT, WHEREAS, the Mortgagor h:+s rec•eived a lo:+n from the Mortg:+gee and is justly indebted
to the Mortgagee, which indebtedness is hereby acknowledged and is eviden+rd by a crrtain promissory note, a copy of
which has been marked "Exhibit A" and attached hereto and the pmvisions of said note are by reference made a ),ar/ of
this instrument.
NOW THIS 11iORTGAGE WITNESSETH, that the said Mortgagor for the better se+•uring of the several
sums of money mentioned in the s:+id note does hereby grant, h:+rgain, sell, :+lien, remise, release. convey and confirm
unto the said Mortgagee, in fee simple forever, the iollowinq described land, of which said Mortgagor is now seised and
fwssessed and in actual possession
situate, lying and being in....$t-•.. LUC1E. _ • .(.'aunty, State of Florid:+, :+nd more partic•ul:+rly described as follows:
A condominium parcel designated as Unit No. 525 of SAND DOLLAR
VILLAS CONDOMINIUM A, according to the Declaration thereof, dated ~
January 3,.1980, and recorded in Official Records Book 324, Page 1952,
and amendment thereto dated January 29, 1980, and recorded in Official __tiij-
Records Book 324, Page 2019, all St.Lucie County, Florida, public records.
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TOGETHER with all fixtures and appliances located therein, ? '
.TOGETHER with all of its appurtenances according to said Declaration
of Condominium, including but not limited to an undivided 1/31 share ~ `:'f '
in the common elements thereof and together with all the tenements, -
hereditaments and appurtenances thereto belonging or in anywise
appertaining.
o~
- It>:clmo s / o ~ . y o 111 rlm~ItT ~ TmR! u; ~ -
THIS IS A PURCHRSE MONEY MORTGAGE - cr ce.~ss'C INIh.V6~8LE Pi:t:SL:uI PgOPEATY.
F4gSl)61tT TO t:1f.1PT:i 7f-t34, ACTS OF 1171.
go~ll RWitiAS 11t - -
I~Itc aACnrl colraT, sT, wc1E co. ftt~
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TOGETHER WITH all and singular the tenements, heriditaments and appurtenances thereunto belonging or in
s`,
any wise appertaining and all structures and improvements now and hereafter on said land and alt fixtures attached
thereto, together with all rents: issues and profits arrruing from said premises and all gas, steam, electric, water, plumb-
ing, lighting, ventilating, heating and rnoling systems, which now are or may be in or on s:+id premises though they
be detached or detachable, including but nut limited to all refrigerators, stoves, ovens, appliances and carpets and all
additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachments
and parts thereof, and any additions, extensions or betterments of, in or to the buildings now or hereafter erected on ~
the said premises.
TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Aortgagee, in fee
simple forever. -
AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows:
1. That the Mortgagor is lawfully seized o[ the above described premises in fee simple and has good right to sell and
convey the same to the Mortgagee: that the said premises are tree and discharged of and from all taxes, taz titles or
certificates, judgments, mechanics' liens and encumbrances of any nature or kind whatsoever and that the 1ltortgagor
will fully warrant :+nd defend the same to the Mortgagee, against the lawful claims and demands of :+11 persons whom-
soever, and will make such further assurances to perfect fee simple title to said land, in the Mortgagee, as may reason-
ably he required, and will pay the several sums of money agreed in the said note to he paid and :+11 installments of )>rin-
cipal and interest thereon promptly when due, and acrordinq to the true tenor and effect of the said note.
2. That the Mortgagor will pay all and singular the taxes, assessments, levies, and encumbrances of every nature on
the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof
and receipts evidencing payment of said t:+xes, assessments, levies and encumbrances shall be de),osited with the Mort-
gagee on or before March 1st of each succeeding year during the term of this mortgage: and i[ s:+me be not promptly
),:+id when due, the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any lawful evi-
dence thereat, or certificate therefor, without waiving or affecting any right hereunder and in this mortgage, or the said
note which this mortgage secures: and such payments ur expenditures so made shall bear interest from the date thereof
at the highest legal rate.
3. That the Mortgagor will keep all real and personal prol,erty now or hereafter encumbered by the lien of this
mortgage insured as may he required from time to time by the Mortgagee against toss by fire, windstorm and other
hazards, casualties and contingencies for such periods and for not les.4 than such amounts as may be required hp the
Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by
the Mortgagee are expressive of only the minimum amounts for which said insurance shall he written and it shall be '
incumbent ulx,n the ~lortgagur to maintain such additional insurnce as may be necess+ry to meet and comply fully with
all co-insurance requirements contained in s:+id ),oliries to the end that said Mortgagor is not a co-insuror thereunder.
Insurance shall be written by a company or companies approved by the Mortgagee and all ),olicies and renewals thereof
shall he held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and
~~~x327 Pa~E2797
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