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MORTGAGE DEED f
THIS MORTGAGE, executed this ~ ~ day of ~ r~ A.D., 19~~ by
JOSEPH J. ARCISZ and GLORIA M. ARCISZ, his wife,
hereinafter called the Mortgagor, which term shall include singular or plural, corlwration or individual, and either sex,
and shalt include the heirs, legal repreaentativea, aucceason and assigns of the Mortgagor, to
AMERICAN BANK OF MARTIN COUNTY,
a State banking rnrporation organized and existing under the laws of Florida with its p»ncipa! place n[ business in
Martin County, Flo»da, hereinafter called the Mortgagee, which term shall include the aucreasors and assigns of the
said Mortgagee. 1
WITNESSETH THAT. WHEREAS, the Mortgagor has received a loan 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 of
which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made a part of
this instrument.
NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor .tor the better. securing of the several
sums of money mentioned in the said note does hereby grant, bargain, sell, ntien, remise, release. convey and confirn?
unto the said Mortgagee, in tee simple forever, the [ollowing described land, of which said Mortgagor is now seized and
possessed and in actual possession
situate, lying and being in. $it...Lul+le...........County, State of Florida, and more particularly dear»bed as follows:
A condominium parcel designated as Unit No. 526 of SAND DOLLAR =
VILLAS CONDOMINIUM A, according to the Declaration thereof, dated -
January 3, 1980, and recorded in Officia] Records Book 324, Page ~ ;
1952, and amendment thereto dated January 29, 1980, and recorded
in Official Records Book 324, Page 2019, all St. Lucie County, ` ~
Florida , public records . `
~
TOGETHER with all fixtures. and appliances 1 orated therein, TOGETHER ~ ~"''j' ` r
with al 1 of its appurtenances according to said Deci arati on of • ~l'
Condominium, including but not limited to an undivided 1/31 share ~ ~ t
in the common elements thereof and together with all the tenements, r
rn >
hereditaments and appurtenances thereto belonging or in anywise ap- c~ 5
~5 pertaining..
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fb C.:aIT TO lsE,.Y.i:: 71•..~, ,`..aS Of 1O1L _s ~ w-
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Cif1iK QfiGt{Q COUitT. ST. WCIE t:0.. RA.q?m`
TOGETHER WITH all and singular the tenements, he»ditaments 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 ref»gerators, 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 Mortgagee, in fee t
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 tree and discharged of and from all taxes, tax titiea or
certificates, judgments, mechanics' liens and encumbrances of any nature or kind whatsoever and that the Mortgagor
wilt fatly warrant and defend the same to the Mortgagee, against the lawful claims and demands of all persons 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 o[ money agreed in the said note to be paid and all installments of p»n-
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 desc»bed property, and upon this 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 it 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.
3. That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this '
mortgage insured a$ may be required from time to time by the Mortgagee against loss by fire, windstorm and other t
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 die at) 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 w»tten and it shall be
incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with
all co-insurance requirements contained in said policies 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 policies and renewals thereof
shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and
800 ~ P1~ e ~
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