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HomeMy WebLinkAbout0146 • j - _ _ . _ ~ 484241- t. . Ins ~ _ ~ ? a . - - . ::,;:.a ~ ~ ~ s. 2 ~ ~ : MORTGAG E YFIIS MORTGAGE is made this~day of APril, 1980 between the Mortgagor, PAUL J. KATZAN AND JEAN A. KATZAN, HIS WIFE (herein "Borrowed, and the Mortgagee, First Federal Savings and loan Association of Martin County, a corporation organized and existing under the laws of the United States of America, whose address is 989 South Federal Highway, Stuart, Florida 33494 (herein "Lender'1. WHEREAS, Borrower is indebted to Lender in the principal sum of"- 79500. 00) •---SEVENTY-NINE THOUSAND FIVE HUNDRED AND NO /100 THS--- Dollars, which indebtedness is evidenced by eorrowets note dated APril• ~t~ ,1980 (herein "Note', provided for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on MAY O1, 201 O. TO SECURE to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mort- gage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein "Future Advances"?, Borrower does hereby mortgage, grant and convey to Lender the following described property located in the Countyot ST. LUCIE State of Florida UNIT 210„ IN OCEANA OCEANFRONT CONDOMINIUM II. ACCORDING TO THE DECLARATION OF CONDOMINIUM OF OCEANA OCEANFRONT CONDOMINIUM II, RECORDED IN OFFICIAL RECORDS BOOK 327, RAGES 1684 ET SEQ., PUBLIC RECORDS OF ST. LUCIE COUNTY. FLORIDA, TOGETHER WITH AN UNDIVIDED SHARE IN THE COMMON ELEMENTS APPURTENANT TO SUCH UNIT AND ALL OTHEk APPURTENANCES TO SUCH UNIT AS SET FORTH IN THE DECLARATION OF CONDOMINIUM. I f THE FAILURE OF THE MORTGAGOR HEREIN TO COMPLY W3TH AND ABIDE BY, AND TO PAY ALL THE ASSESSMENTS REQUIREIr OF SAID MORTGAGOR WHEN DUE, PURSUANT TO THE DECLARATION OF CONDOMINIUM OF 7 OCEANA OCEANFRONT CONDOMINIUM VI, ' AS AFOREDESCRIBED ANG ON EXHIBIT THERETO, SHALL CONSTITUTE AN E ~ EVENT OF DEFAULT UNDER THYS MORTGAGE. a f~ ~ THIS INSTRUMENT PREPARED BY: FIRST FEDERAL SAVINGS AND LOAN = ASSOCIATION OF MARTIN COUNTY ~ ~ P. O. BOX 989, STUART. FLA. 33494 ~S BY: MARY B. HALLICY R°ceiwQ• ~ inPaymencOfTttltott ~ Dw On CIMS'~C" Mi1rt~M iiiwsptM !'1aPwq. ~ 1_N #0020041298 PwwantToCtrp1ar71.1~'~?A~Mrglllly. i ~oc~ ~+onra?s rn/ grok Oetirt stt LwMI, Ofl~, lla. 9900 OCEAN BLVD., JENSEN BEACH, FLORIDA 3347 which has the address of (StreeO (CiM (herein "Property Address'; (State and Zip Code? TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurte nances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock and all fixtures nowor here after attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property(or the leasehold estate if this Mortgage is on a leasehold) are herein referred to as the "Property'. i Borrowercovenantsthst Borrower is tawfuly seised of the estate herebyconveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and the Borrower will warrant and defend generalty the title to the Property against all claims and demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property. FLORIDA - t to 4 Family - FNMA/FHLMC UNIFORM IN8TRUMENT A-309A 6/79 i . ' ~'r