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FIRST MARINE BANK AND TRUST COMPANY OF THE PALM BEACHES
~oxt~~l~e ~ee~ t'~•
THIS MORTGAGE INDENTURE executed this _...__2nd_ _ A nil _1980__ ,
- day of -P-----------------------------------• - - -
by
THEODORE RAKOWICH and MARGARET ANN RAKOWICH, his wife
Ohio
of the County of ,State of 6totlt0i, hereinafter called the Mortgagor, which term as used in every
instance shall include the Mortgagor's heirs, executors; successors, legal representatives, and assigns, including all sub-
sequent grantees, either voluntarily by aN of the parties, or involuntarily. by operation of law and shall denote the
singular and/or plural, and the masculine and/or feminine and the natural and/or artificial persons, whenever and
wherever the context so requires or admits, as parties of the first part, and FIRST MARINE BANK AND TRUST COM-
PANY OF THE PALM BEACHES, a corporation existing under the laws of the State of Florida, hereinafter called the
Mortgagee, which term as used in every instance shall include the Mortgagee's successors, legal representatives, and
assigns, as party of the second part.
WITNESSETH, That for divers good and valuable considerations, and also in consideration of the aggregate sum ,
of money named in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, ,
bargain, sell, alien, remise, release, convey, and confirm unto the Mortgagee, in fee simple, the following described
real estate, of which the Mortgagor is now seized and possessed, and in actual possession, situate in the County of
St. Lucie ,State of Florida, to-wit:
UNIT 601 in Oceans Oceanfront Condominium II, according
to the Declaration of Condominium of Oceans Oceanfront
Condominium II, recorded in Official Record Book 327
Pages 1684 et seq., Public Records of St. Lucie County,
Florida (the "Declaration of Condominium"), together
with an undivided share in the Common Elements appurten-
ant to such Unit and all other appurtenances to such
Gnit as set forth in the Declaration of Condominium. -
THIS INSTRUMENT PREPARED BY . ZHLS MOR'iC~ IS BEING I~'E~RDID ZO
Robert C . Ross , Esq . ODRRFJCIZY ~'I,r.Cr A Tla,'E 'oOPY OF
Cone, Owen, Wagner, P3ugent, P~S.SOFBr' NOTE SDQJ~ BY ~~S
Johnson, Hazouri & Roth, PA NDKP(',i~.
Post Office Box 3756
Tequesta, Florida 33458
~ PLEASE RETURN TO ABOVE ADDRESS.
I
Rr"EIYED 3 1/ SS IN PAYMENT CF TA>tE~
~ QQ: Ca CL':.$ 'C' IATl,.~6'iilE PFRSQ?u1l PtOPERTY,
R'1 ~ PL: SJ~Nf Tc~ ii ;lT:it 7t•r:4, ACTS OF 1!11-
1 Iti)GER POITitAS
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TOGETHER with all structures and improvements now and hereafter on said land and the fixtures attached '
thereto and all rents, issues, proceeds, and profits accruing and to accrue from said premises all of which are included ~
within the foregoing description and the habendum hereof. Also all gas, steam, electric, water and other heating,
_ cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, appliances, fixtures
and 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.
3 IT .IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mort-
gagor, the Mortgagee may hereafter, at its opr,on, at anytime wrth,n tvienty (20) years from the dare hereof and be-
iore fuli pay~^ent of this mortgage and notes secured hereby, make further advances to the Mortgagor and any such
~ further advances, with mrerest, shall be secured by th,s mortgage and shall be evidenced by an additional note then
unpaid, and the total amount of ,ndebredness Char may be secured by th,s mortgage may decrease or ,ncrease from time
ro time, bur the tonal unpaid balance so secured at any one t,me shall not exceed the maximum pnnupal sum of
59 775.00
S_______c______________-__-___-, together with interest thereon and any and all disbursements made by the Mortgagee for the
~ payment of taxes, levies, or insurance on the property covered by the lien of this mortgage with interest on such disburse-
ments at the rate specified in the note referred to in this mortgage, and for reasonable attorney's fees and court costs
incurred in the collection of any or all of such sums of money.
MM
RETURN TO FIRST MARINE BANK A~~NcO~TRUST COMPANY~Oyf:T,HE PAtM BEACHES UU~~~~ (A{EC~~1
gc8~1(JJ2 PACE15l~. F:C-Eec~rd U ~~11,~. ~p
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