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HomeMy WebLinkAbout0640 • L .wr- ~ • / 482sss ~ 3 HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH j TA4 ItldrwNM Ww ?rp~e~/ M . ~11X1~M$P ~ PP~ DO[TGLAS R. NEU GUNfTER, t'O/U4E1/, CRliq, iTlWART ~ NERf~, ?.A rtm N.K...I aw? WiWM, tit. t?.ed~, 1N.rtM f31N by THIS MORTGAGE INDENTURE execuNd this - 2 ~'l^ day of CA IrG ~ ~ 9 BETTY MEYERS JOINED BY HSR HUSBAND, THOMAS P. MEYERS of the County of Palm Beach, Stab of Horida, hereirwfter called the Mortgagor, whidr terns os used in awry Mstonee shot . include the Mortgagor's hews, executors, successors, Ipol reprsssnrotivss, and assigns, including all u~eq grantees, ei1Mr vduntarJy by an of the parties, or involunror' by operation of law and shall denote the singulora and%a plural, and tM masculine and/or feminine and' the natural and/or artif'icioi persons, whenever and wherever the conbxt so requ&~es or odmib„ as parties of the first part, and NOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation existing under the lows of the United States of America, hereinafter called the Mortgagee, which term as used in every in:iana :hall include the Mortgagee's successors, legal representatives, and assigns, os party of the second port. WITNESSETH, Tlwt for diver good and valuable- consideratwns, and also in consideration of the oggregaN sum of money named in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, re- mise, release, convey, and confirm virtu the Mortgages, in fee simple, the following described reel estate, of which the M«tgav« is now seized and possessed, and in oclua) possission, situate in the County of pelnt-Bsee~r; State of Florida, town: S~ Le~t~t~ UNIT 206 OF TARPON BAY YACHT CLUB CONDOMINIUM A, ACCORDING TO THE DEC- LARATION OF CONDOMINIUM DATED MARCH 11,.1980; AND RECORDED IN OFFICIAL RECORD BOOR 327, PAGE 950, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA TOGETHER WITH THE UNDIVIDED SHARE OF THE COMMON ELEMENTS OF TH8 CONDO- MINIUM DECLARED IN THE DECLARATION TO BE APPURTENANT THERETO; TOGETHER . WITH ALL APPURTENANCES THERETO, INCLUDING, WITHOUT LIMITATION, THE RIGHT OF EXCLUSIVE USE OF THOSE AREAS, SPACES AND PROTIONS OF COMMON ELEMENTS OF THE CONDOMINIUM, DECLARED IN•TAE DECLARATION OF CONDO- MINIUM, DECLARED IN THE DECLARATION OF CONDOMINIUM TO BE LIMITED COMMON ELEMENTS OF THE UNIT. i DIN ~ CIMS '"C" itttalrrglbk Personal lropMq. 'Ufelirttt to CtNp/er 71. 134. Aqs Ot 1 6171. awl arwl~ era sR ~ o.~, a.. - ' - _ ~ - t - - - ~ . ~ J ~ 1. f The mortgagor covenants that it and the association responsible for the operation of the above condominium will observe aN of the provisions of the Declaration of Condominium and arty amendments thereto of the above condominium and of the Condominium Act, and wi!I perform the obligations under the said Declaration and Act; and a failure to do so which is not cured within 30 days after notice given by the mortgagee to the mortgagor and the association shah constitute default under this mortgage. Mortgagor specifically covenants, but not by way of limitation, that it acid the association wiN observe aN of the provisions of said Declaration of Condominium pertaining to insurance Coverage. TOGETHER with all structures and improvements now and hereafter on said land and the fixtures attached thereto and all rents, issues, proceeds, and profits acc?uing and to accrue from said premises aN of which are included within the foregoing description and the haben lum hereof. Also all gas, steam, electric, water and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, appliances, fixtures arxl 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 ANO AGREED by and between the parties hereto that upon request of the Mortgagor, the Mortgagee may hereafter, at it option, at anytime within ten i101 years from the date hereof and before full payment of this mortgage and notes secured hereby, make further advances to the Mortgagor and arty such further advances, with interest, shah be secured by this mortgage and shall be evidenced by an additional note then unpaid, and the total amount of interest, shah be secured by this mortgage and shah be evidenced by an additional note then unpaid, and the total amount of ir?debtedness that may be secured by this mortgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal sum of $ Ij 6 7 9 0 0.0 0 . together with interest thereon and any and aN disbursements made by the mortgagee for the payment of taxes, levies, or i insurance on the property covered by the lien of this mortgage with interest on such disbursements at ttie rote specified in the note referred to in this mortgage, and for reasonable attorneys fees and court costs incurred in the collection of any or aN such sums of money. r TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unto the Mortgagee, in fee simple. i AND tits Mortgagor does hereby Covrsnant with the Mortgagee that he is indefeasibly seized of said land in fee simpb; that he has fuN power and lawful right to convey said land in fee simple as aforesaid; thst h shall be lawful for the Mortgagee at aN times peaceably and quietly to enter upon, hoW, otxxrpy and enjoy said land; that said land is free from ail irxximbranc:es; thst he w~ make such further assurances to protect the fee simple title to said land in the Mortgagee as may reasonably be re~Od; that h1,tloee hereby fuNy warrant the title to said land and wdl defend the same against the tawfid claims of aN persons whorrrsoever.~~' . ~ ~ enn~.r~• DAGf