HomeMy WebLinkAbout2334 ' Thb Inrtrvm+nt hepored tlyr
4~i8'~6 JGIIN A. D~1RlSONr ESQ.
~rnt?tp, Oerlspn. Dtnbt i Bluestelfr, P,I~
P. O. Box 2315
la59 ~ Federsl Hwy, ~ 3
MORTGAGE DEED swam. Floods 3,HyS ~3 ;
THIS MORTGAGE, executed this ..3~t..... day of Ma rGh . A.D., l9.. , by
3
ALIFri M, POTTER and JOAN E. POTTER, his wife
hereinat[er called the Mortgagor, which term shall include singular or t>lural, corporation or individual, and either sex,
and shall include the heirs, legal representatives, successors and assigns of the Mortgagor, to
AMERICAN BANK OF MARTIN COUNTY,
a State banking corporation organized and existing under the laws o[ Florida with its prinrilxrl place of business in
Martin County. Florida. hereinafter called the Mortgagee, which term shall include the sun•essora and assigns o[ the
said Mortgagee.
WITNESSETH THAT, WHEREAS, the 11lortgagor has received a tarn from the Mortgagee and is justly indebted
to the Mortgagee, which indebtedness is hereby acknowledged and is evidenced by a certain promissory note, a copy o[
which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made n part of
this instrument.
NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor tot the better securing of the several
sums o[ money mentioned in the said note does hereby grant, bargain, sell, alien, remise, release. convey and confirm
unto the said Mortgagee, in fee simple forever, the following described land, of which said Mortgagor is now seized and
possessed and in actual possession
situate, lying and being in...,St. , l,l~ce.. _ • • • -Cooney, State of Florida, and more particularly described as follows:
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A condominium parcel designated as Unit No. 519 of SAND DOLLAR r~•- to
VILLAS CONDOMINIUM B, according to the Declaration thereof, dated co
March 12, 1980, and recorded in Official Records Book 327, Page ti ,
2576, and amnedment thereto dated March 12, 1980, and recorded in ~-'~.~rt
Official Records book 327, Page 2640, all St. Lucie County, Florida, n` . ':.-~z
Public Records. ~5
~ .
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 1/47 share ,t`-
_
in the common elements thereof and together with all the tenements 1~,1
.
hereditaments and appurtenances thereto belonging or in anywise ap- ~~''i1i~
pertaining. -
RI:CEtYEO s 9y. e a 1~ PAYifEKf of T~xES - ~ . ,
o cuE OH Ct.i~S ~c• taTRSG Stf PER.OrG~I Pn'OPErtTf~, J ,
5 VUT:SUAltT TO : i:,.li:3 7t•w4, ACTS OF 1171. = - ~ Z I
ROGER P~ITRAS _
tXEltll QZGUIT COllitT. ST. LUC1E 110. _ - -`(I ~
TOGETHER WITH all and singular the tenements, heriditaments and appurtenances thereunto belonging or in
any wise appertaining and all structures and improvements now and hereafter on said land and all fixtures attached
thereto, together with all rents, issues and profits accruing from said premises and all gas, steam, electric, water, plumb-
ing, lighting, ventilating, heating and cooling systems, which now are or may be in or on said premises though they
be detached or detachable, including but not 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 ail attachments
and parts thereof, and any additiana, eztensions 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 Mortgagee, in [ee
simple forever.
AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows:
1. That the Mortgagor is lawfully seized of 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 free 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 Mortgagor
will fully warrant and de[end the same to the Mortgagee, against the lawful claims and demands of all persona whom-
soever, and will make such further assurances to perfect fee simple title to said land, in the Mortgagee, as may reason-
ably berequired, and will pay the several sums of money agreed in the said note to be paid and all installments of prin-
cipal and interest thereon promptly when due, and according 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 thin mortgage and note, or the money secured thereby, before delinquency thereof
and receipts evidencing payment of said taxes, assessments, levies and encumbrances shall be deposited with the Mort-
gagee on or before March 1st of each succeeding year during the term of this mortgage; and if same be not promptly
paid when due, the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any lawful evi-
dence thereof, 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 or expenditures so made shall bear interest from the date thereof
at the highest legal rate.
i
~ 3. That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien o[ this
mortgage insured as may be required from time to time by the Mortgagee against loss by fire, windstorm and other '
hazards, casualties and contingencies for such periods and for not less than such amounts as may be required by 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 be written and it shall be
incumbent upon the 1ltortgagor to maintain such additional insurance as may be necessary to meet and rnmply fully with
all co-insurance requirements rnntained in said policies to the end that said Mortgagor is not a m-insuror thereunder.
Insurance shall be written by a company or coml>.~nies approved by the Mortgagee and all policies and renewals thereof
shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and
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