HomeMy WebLinkAbout2172 ~ :a
•
?Rt?A11E01Y
• •481'75 ~3
NRST MARINE BANK AND TRUST COMPANY OIR THE PALM BEACHES
~or#g~~e ~ce~
K
• ' . .
THIS MORTGAGE INDENTURE executed this __..__~na day of ._.___.._..April_.__. 1980
by
THEODORE RAKOWICH and MARGARET ANN RAKOWICH, his wife .
Ohio .
of the County of ,State of Ot41ik4[, hereinafter called the Mortgagor, which term as used in every
instance shall include the Mortgagor's heirs, executors, successors, legal representatives, and assigns, including all sub-
sequent grantees, either voluntarily by act of the parties, or involuntarily by operation of law and shall denote the
singular and/or plural, and the masculine and/or feminine and the natural and/or artificial persons, whenever and
wherever the context so requires or admits, as parties of the first part, and FIRST MARINE BANK AND TRUST COM-
PANY OF THE PALM BEACHES, a corporation existing under the laws of the State of Florida, hereinafter called the
Mortgagee, which term as used in every instance shall include the Mortgagee's successors, legal 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 money 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 is now seized- and possessed, and in actual possession, situate in the County of
St. Lucie ,State of Florida, to-wit:
UNIT 601 in Oceana Oceanfront Condominium II, according
to the Declaration of Condominium of Oceana Oceanfront
Condominium II,~recorded in Official Record Book 327 •
Pages 1684 et seq., .Public Records of St. Lucie County,
Florida (the "Declaration of Condominium"), together
with an undivided share in the Common Elements appurten-
ant to such Unit and all other appurtenances to such
Gnit as set forth in~the Declaration of Condominium.
THIS INSTRUMENT PREPARED BY
Robert C. Ross; Esq.
Cone, Owen, Wagner, Nugent,
Johnson, Hazouri & Roth, PA
Post Off ice Btax 37 56
Tequesta, Florida 33458
PLEASE RETURN TO ABOVE ADDRESS.
Rf"_F11ffD = I! 9.55 IN PAYMENT t?F TARE=
~ ~ DUF G.7 C!'•~5 'C' IMI6.Y6:SLE PFRSCMAI PRaPERTY,
Pii::S!'ANT TO : ii"JTcR 71•i:~, ACTS Of 1171.
RilG'cfl POITRAS
CLLRII C12~UIT .".CURT. ST, lth~E QO,, FIA,A ~ •
-T r-
- L
TOGETHER with all structures and improvements now and hereafter on said land and the fixtures attached
thereto and all rents, issues, proceeds, and profits accruing and to accrue from said premises all 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, sppliarxes, fixtures
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.
IT IS MUTUALLY COVENANTED ANrJ AGREED by anti between the parties hereto that upon request of the Mort-
; gagor, the Mortgagee may hereafter, at its option, at anytime within twenty (20) years from the date hereof and be-
fore full payment of this mortgage and- notes secured hereby, make further advances to the Mortgagor and any such
further advances, with interest, shall be secured by this mortgage and shall be evidenced by an additional rwte then
unpaid, and the total amount of indebtedness that may be secured by this mortgage may decrease or increase from time
to time, but the total unpaid balance so secured at any ore time shall not exceed the maximum principal sum of
59x775,_00 together with interest thereon and any and all disbursements-made by the Mortgagee for the
payment of taxes, levies, or insurance on the property covered by the lien of this mortgage with interest on such disburse-
ments at the rate specified in the note referred to in this mortgage, and for reasonable attorney's fees and court costs
incurred in the collection of any or all of such sums of money.
RETURN TO: FIRST MARINE BANK AND TRUST COMPANY OF THE PALM BEACHES eunR~ PAGE~~1 ,