HomeMy WebLinkAbout1022 1~
4~ss~s
t ~ prepared by:
Robert A. Burson/pk
of the Law Office of
CROMWBLL a[ REMSBN
Fltst Marine Bank Building tlth I'looe
Rivtera~B
acb. 33~/0~
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES
THIS MORTGAGI3 INDENTURE executed this 12th day of .May , 19 80 ,
by GARRSTT O. ASH, a single roan. .
of the County of Martin ,stage of Florida hereinafter called the Mortgagor, which term as used in every in-
atanoe shall indude the Mortgagor's heirs, eurecutors, successors, legal representatives, and assigns, induding all subsequent grantees, either
voluntarily by act of the parties, or involuntarily by operation of law and shall dente the singular and/or plural, and the masculine and/o!r
feminine and the natural and/or artificial persoac, whenever and wherever the context so requires or admits, as parties of dre first part, and
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES, a rnrporation existing under the laws of the
United States of America, hereinafter cxrlled the Mortgagee, which term ~ rased in every inttanoe shaIl include the Mortgagees successors,
legal representatives, and assigns, as party of the second part
WITNESSETH. That for divers good and valuable considerations, and abo in ooasideratbn of the aggregate sum of money named
in the promissory note ~ even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, convey.
and confirm unto the Mortgagee, is fee simple, the following described real estate, of which the Mortgagor is now seized and possessed,
and in actual possession, sitrrate is the County of St. Lucie ;State of Florida. to-wit:
Lot 502, of TARPON BAY VILLAS, in accordance with the Plat thereof on '
file in the office of the Clerk of the Circuit Court in and for St.
Lucie County, Florida, in Plat Book 20, Page 15.
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' [tE(:ENED : ~'2 8.0 4 M PAYlSEtiT OF TAXEt
DOE Q'I Clr'S 'E' I;t?A?i{'.. 8! E PtRSUSli P60FERTY,
PUaS:fAlii Tit 71-:i4, ACiS OF X71.
Rt3fiER PORRAS .
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TOGETHER with all strrrcturea and improvements now and hereafter on acid land and the fixture: attached thereto and aII teats,
per. and profits accruing and to accrue from said premises aD of which are indnded within the foregoing description and the
habendum hereof. Also all gas, steam, electriq water and other heating, cooking, refrigerating, lighting. plumbing, ventilating, irrigating.
and power systems, machines, appliances, fizirrres and appurtenances, which now or may hereafter pertain to or be used with, in or m said
premises, eves though they may be detached or detachable.
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~ IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that neon request of the bortgagor, tbe Mort-
S
gages may hereafter. at its option, at anytime within twenty (20) years from the date hereof and before full payment of this mortgage
and notes secured hereby. make further advances to the Mortgagor and any such further advances, with interest, shall be secured by this
mortgage anti shaD be evideaoed by an additional note then unpaid, and the total amount of indebtedness that may be secured by this mort-
gage may decrease or Increase from time to time, but the total unpaid balance so secured at any ace time shaD not exceed the mazimum
principal sum of i 64,000.00 .together with interest thereon and a~ and aII disbursements made by the Mortgagee far the pay- E
meat of tares, levies, or insurance on.tbe Property covered by the lies of this mortgage with interest on such disbursements at the rate sped- ~
fied in the note refern9d to in this mortgage, and for reas~abk attome~s foes and court costs incurred in the collection of any or aD of t
such sum: of money. {
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