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HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
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~IIrtgMgl~ ~ PP~ Douglas R. Neu
GUNSTER, YOA1QlY, CRISER, STEWART 1. MERSEY, f.A
Tim Na~awol ee~k iril/iM, /rV M~cU, PM~i/e S14M
THIS MORTGAGE INDENTURE executed this 16th day of June, 1980
by
Jean N. Ritter and
Mildred A. Ritter, his wife
Martin
of the County of Pahr?-$eaeh, Srote of Florida, hereinafter tolled the Mortgagor, which term as used in every ingonq shah
include the Mortgagors heir:, executors, successoa, legal represenrotives, and assigns, including all wbsequeM gronteee, •ilher
volunrorily by act of the parties, or involunrorily by operaYan of low and shall denote the singular and/or plural, and the
masculine and/or feminine and' the natural and/or artificial persons, whenever and wherever the context so n3quinss or admit.
as parties of the first port, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation existing
under the lows of the United States of Americo, hereinafbr tolled the Mortgagee, which term os used in every indanoe shall
include the Mortgagee's successors, legal reprssenrotives, and oisigns, as parry of the second port.
WITNESSETH, That for divers good and valuable considerations, and oleo in consideration of the aggregaN sum of money
named in the promissory note of even date herewith, hereinafter descried, the Mortgagor does grant, bargain, sell, alien, nr
miss, release, convey, and confirm unro the Mortgagee, . in fee s'unple, the following described real estate, of which the Mortgagor
is now seized and possessed, and in actual possession, situoro in the County of Palm-$eed+, State of Florida, to-wit:
St. Lucie
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UNIT 106 OF TARPON BAY YACHT CLUB CONDOMINIUM H, ACCORDING TO THE DECLARATION
OF CONDOMINIUM DATED MAY 9,1980; AND RECORDED IN OFFICIAL RECORD BOOK 332,pAGE
133, PUBLIC RECORDS OF ST. LUCIE COUNTY, FbORIDA• i
r TOGETHER WITH THE UNDIVIDED SHARE OF THE COMMON ELEMENTS OF THE CONDOMINIUM '
DECLARED IN THE DECLARATION TO BE APPURTENANT THERETO; TOGETHER WITH ALL
APPURTENANCES THERETO, INCLUDING, WITHOUT LIMITATION, THE RIGHT OF EXCLUSIVE USE
OF THOSE AREAS, SPACES AND PORTIONS OF COMMON ELEMENTS OF THE CONDOMINIUM,
DECLARED IN THE DECLARATION OF CONDOMINIUM TO BE LIMITED COMMON ELEMENTS OF THE UNIT.
RECEIVED s l S9. $Q IN PAYiRENT OF TARE=
q5 DUE Oti CEASS 'C INTA!(G.t3lE PERSOi:711 PROPEp1n,
~ i~q` PURSilANT TO CNA?if4 71-134. ACTS Of 1'71.
R06EZ PO1TfiAS
CLERK QRCIIiT COURT. ST. LIIGE CQ.
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The mortgagor covenants that it anti the association responsible for the operation of the above condominium will observe all of the
1 provisions of the Declaration of Condominium and any amendments thereto of the above condominium and of the Condominium 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 shall constitute default under this mortgage. Mortgagor specificaNy covenants,
but not by way of limitation, that it and the association will observe all of the provisions of said Declaration of Condonnium pertaining to
insurance coverage.
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 haben 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 or be used
t with, in or on said premises, even though they maybe detached or detachable.
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IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mortgagee
may hereafter, at it option, at anytime within ten (10) 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
and shall be evidenced by an additional note then unpaid, and the total amount of interest, shall be secured by this mortgage and shall
be evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this mortgage may decrease t
or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum prinapal sum of S
79900.00 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 disbursements at the rate specified in the note referred
to in this mortgage, and for reasonable attorneys fees and court costs incurred in the collection of any or all such sums of money.
TO HAVE AND TO HOLD the same, together with the tenements, hereditaments 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 simple; that he has
full power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at aN times peaceably
and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all incumbrances; that he wRl make such further
assurances to protect the fee simple title to said land in the Mortgagee as may reasonably be required; that he does hereby fully `
warrant the title to said land and will defend the same against the lawful claims of as persons whomsoever.
600 ~ Pa~f ~