HomeMy WebLinkAbout0883 TO C011/OiAT10M FROM IrItlIV IOYAI •
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Executed the 6th doy of ~Y A. D. 19 80 by
LARRY CATRON INVBSTMBNTS, INC., a Florida corporation, as to ~t interest;
KARL H®IN, as to ~ interest; WARREN H. ROSSWAY and ARL8N8 C. ROSSWAY, his wife;
as to'~t interest; LARRY T. HALL and KAREN R. HALL, his wife, as to 1/8 interest;
and CHBSTBR RAY HOGAN, II, and MICHELLE NOGAN, his wife, as to 1/$ interest;
hereinafter called the mortgagor, fo
COMMERCIAL BANK OF VERO BEACH,
a corporation existing under the lnu~s of the State of Florida ,with its permanent postof
jice
address ne P , 0. Box 2767 , Vero Beach, Florida 32960,
hereinafter called the mortgages:
(W~ererer mad Ae.ei~ t?e eer~a "~aoa aad •'~ortp~es" i.clyde all tM putia a rWa iaatavse~t a.d i?s.?sas~
ktrd repre~e~uaiva awd a~aa d i~dvidrah~~d t?e w~cceaon aid u~~a of coaooaatio~a: ud t?e Germ wee'
iecludea al! tYe ~oees \eaei~ dasaibad if eoae oae.)
~~t11~;SS~t, that for good and valuable considerations, and also in consideiaUon of the nggre-
gnfe sum named in the promissory note of even date herewith, hereinafter described. the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and Confirms unto the mortgagee all the certain land
`1 of which the mortgagor is now seized and in poasesston situate in $t . Lucie County. '
nn ~ Florida, viz:
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~ Lots 1 2, 21 and 22, ALTADENA SUBDIVISION, a subdivision according v
\ ~ to the~plat thereof as recorded in Plat Book 4, Page 71', of the ~0
Public Records of St. Lucie County, Florida. ~p
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V ~ PA ~ It£MT OF TAxEi ~ 1- `
RECEtYED S~~l,L~_
011E ON Ci• :.S 'C' t!iT:.liG~3lE P~RS3tix4 PRttPEfln~
~'QASI1A11T TO Cit:.TiER 71-:::4. ACTS 4F 1l71.
R::i~R PGITkAS
1~ ti1SGYif t;G11At, ST. LYG1E t~0„ RA.
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As to Mortgagor, Karl Hedin, he resides in Indian River County,
' Florida, and the above described property is commercial property
and is located in St. Lucie County, Florida. •
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Mortgagors covenant and agree that if a conveyance should be made
by them of the premises above described, or any part of them, with-
out the written consent of the Mortgagee and without assumption in
regular form of law by the Grantee of the obligation to the
Mortgagee created under this mortgage, then, at the option of the
Mortgagee and without notice to the Mortgagors, all sums of money
secured hereby shall becane due and payable and in default
immediately and concurrently with the conveyance, whether or not
such sums are due and payable and in default by the specific terms
of this mortgage and the note secured hereby.
This Mortgage shall be security not only for the existing indebted-
ness, but also for such future advances as may be made from time to
time by Mortgagee to Mortgagors, whether such advances are obliga-
tory or to be made at the option of the Mortgagee or otherwise, to
the same extent as if such future advances were made on the date of
the execution of this instrument up to the principal amount of the
indebtedness evidenced by the obligation secured hereby.
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