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. HOME FEDERAL SAVINGS AND LOAN ASSOCIATIOIy OF PALM BEACH
1?b LN.v..N Ww tbM.r~ M
~or#gttge ~EP~ Douglas R, Neu
OUHiT~, YOAItIlY, CRIStR, tiTlWART MERflY, ?.A
iirq lbtiw~d a.nk wiYMe, ht~ MW, /Mri~ 331M
THIS MORTGAGE INDENTURE exeavted thls 13th ~ of June 1980
br
RALPH R. CHAPIN AND
. HELEN J. CHAPIN, HIS WIFE
of the Counei? of Palen death, 510» of Florida, hereinafter called the Mortgagor, which bnn as used M every hganq shoN
include the Mortgogo?'s heir, executors, wcassors, Ipol repressntotives, and assigns, including all subsagwM grantees, ei111er
vduMarilp by act of the p0rties, a involuMorify ~ operation of law and shall denob the singular and/a plural, and the
nwsculine and/a femin'ins and' the natural one/a artificial persons, whenever and wherwer the context so requires a odmib„
w roes of the first part, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a oorporotion existing
under tM laws of the United States of Americo, heroinafter tolled the Mortgagee, which term as used in every Mstanq shoN
include the Mortgagee's successors, legal represeMOtiws, and assigns, as part~? of the second port.
WITNESSETH, That fa divers goa! and valuable consideration, and oleo in consideration of iM aggregate sum of money
Homed bi the pranissory noN of even dote Mnwith, hereinaher descried, the AAortgogor does grunt, bargain, sell, sewn, rr-
mise, please, convey, and confirm unto the Mortgagee, in fee simple, the following desuibsd re01 estate, of which the Mortgage
b Haw seized and possessed, and in actual possission, sihrote in the Counter of 2tdRtt~sh, State of Florida, towih
St. Iucie
UNIT 101 OF TARPON BAY YACHT CLUB CONDOMINIUM H, ACCORDING TO THE DEC-
LARATION OF CONDOMINIUM DATED MARCH 9, 1980; AND RECORDED IN OFFICIAL
RECORD BOOR 332, PAGE 133, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA
TOGETHER WITH THE UNDIVIDED SHARE OF TAE COMMON ELEMENTS OF TAB CONDO-
MINIUM DECLARED IN THE DECLARATION TO BE APPURTENANT THERETO; TOGETHER
WITH ALL APPURTENANCES THERETO, INCLUDING, WITHOUT LIMI'T'ATION, THE .
RIGHT OF EXCLUSIVE USS OF THOSE AREAS, SPACES AND PORTIONS OF COMMON
ELEMENTS OF THE CONDOMINIUM, DECLARED IN TAE DECLARATION OF CONDO-
MINIUM TO BE LIMITED COMMON ELEMENTS OF THE UNIT.
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The mortgagor covenants that it and the association responsible for the operation of the above condominium vhN observe all of the
provisions of the Declaration of Condominium and any amendments thereto of the above condominium and of the Condortunium Act, and
will perform the obligations under the said Declaration and Act; and a failure to do so which is not cured within 30 days after notice given
by the mortgagee to the mortgagor and the association shag onstitute default under this mortgage. Mortgagor speaficaNy covenants,
but not by way of limitation, that it and the association wiN observe aN of the provisions of said Dedaration of Condorranium pertaining to
insurance overage.
TOGETHER with aN 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 habeas lum 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 a be used
with, in a on said premises, even though they may be detached a detachable.
R IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mortgagee
may heresher, at it option, at anytime within ten 1101 years from the date hereof and before fuN 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 nwrtgage
and shah be evidenced by an additional note then unpaid, and the total amount of interest, shah be secured by this mortgage and shah
be evidenced by an edditia?al note then unpaid, and the total amount of 'irrdebtedr~ess that may be secured by this mortgage may decrease
or in~g~ f fpm~i~e to time, but the total unpaid balance so secured at any onetime shall not exceed the maximum principal sum of S
99 UU UU UU UU, together with interest thereon and any and all disbursements made by the mortgagee for the payment of taxes, levies, or
insurance on the property overed by the lien of this mortgage with interest on such disbursements at the rate specified in the note referred
to in this mortgage, and for reasonable attorney's fees and curt coats incurred in the collection of arty a aN such sums of money.
TO HAVE AND TO HOLD the same, together with the tenements, hereditarnants and appurtenances, unto the Mortgagee, in fee simple.
AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simpb; that he has
fuN power and lawful right to omrey said Isnd in fee simpb as aforesaid; that it shall be lawful for the Mortgages st aM times peaceably
and quietly to enter upon, hold, occxipy and enjoy said land; that said land is free from aN incumbrarx~s; that he wiN make such further
' assurances to protect the fee simple title to said land in the Mortgages n may reasonably be required; that he does hereby fully
warrant the title to said land and wiN defend the same against the lawful claims of all persons whomsoever.
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