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HomeMy WebLinkAbout0848 . 490095 ~ g' HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH T?M hd.w»M w.. hq«d M. ~Dx#gMge ~Ped DouSlas R. Neu GUNST~, yO tY, CRISM, ti1llt/AKT ~ Mttity, M fieM NotiM~l M.k WiYiM, fry Mdt. Fbti~ i~11tIK THIS MORTGAGE INDENTURE executed this 16th day of Jurte 1980 by GLENN R. BROWN JOINED BY ASR -HUSBApDr PRESCOTT H. BROWN St. Lu ie of tM Corrnty of State of Florida, hereinafter called the Mortgagor, which term as used in awry irutanoe shaft include the Mortgagor's heirs, executors, successor:, Ipol representatives, and assigns, including all ueM prontees, either voluntarily by ad of the parties, or involuntarily by opsroYton of law and shall denote the singular a /a plural, and tM masculine and/or feminine and' the natural and/or artificial persons, whenever and wherever the conbxt so requires a admit;, os paroes of the first port, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM 6EACH, a corporation existirt0 under the laws of the United States of America, hereinafter coiled the Mortgagee, which term os used in every insMnp :hoN include the Mortgagee's wccesson, legal representatives, and assigns, os party of the second part. WiTNE55ETH, That for divers good and valuable considerations, and also in consideration of the aggregaN sum of matey named in the promissory note of even date herewith, hersinafte? descrr~ed, the Mortgagor does grant, bargain, sell, alien, re- mise, release, convey, and oonfinn unto the Mortgages, in fee simple, the following descrRtsd real estate, of which the Mortgoga is now seized and possessed, and 'at actual possession, siwots in the County of IHigliK, State of florido, to-wit: St. Lucie UNIT 102 OF TARPON BAY YACHT CLUB CONDOMINIUM H, ACCORDING TO THB DEC- LARATION OF CONDOMINIUM DATED MAY 9, 1980_; AND RECORDED IN OFFICIAL RECORD BOOR 332, PAGE 133, PUBLIC RgCORDS OF ST. LUCIB COUNTY, FLORIDA TOGETHER WITH THE UNDIVIDED SHARE OF THS COMMON ELEMENTS OF THE CONDO- MINIUM DECLARED IN THE DECLARATION TO B8 APPURTENANT THERETO; TOGETHER WITH ALL APPURTENANCES THERETO, INCLUDING, WITHOUT LIMITATION, THE RIGHT OF BXCLUSIVE USE OF THQSE AREAS, SPACES AND PORTIONS OF COMMON ELEMENTS OF TH$ CONDOMINIUM', DECLARED IN THE DECLARATION OF CONDO- MINIUM TO BE LIMITED COMMON ELEMENTS OF THE UNIT.. REC~!Y£'f s x,00 18 PAti'~!r'tT Of TAXES 5 0 CL'. 0': C`=:.5 'T' I:ti;.:'.C:zli: ?~K~L~:711 FsZ3?ERTT, L~• FU:S.'.tli TO CN:.?Tft 7t-534, I;CTS OF 1N71. RCGFR PWTBAS i CL%8K C12Cll~T CGWiT. ST. WfgE ~ '~U f ~ - . , ! ~ _ _ E~ _ E ----_r.. ° - - - - - - - . s The mortgagor covenants that it and the association responsible for the operation of the above condominium wiN observe all of the 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 aN of the provisions of said Declaration of Cortdorrtinium pertaining to ~ insurance coverage. TOGETHER with aN structures and improvements now and hereafter on said land and the fixtures attached thereto and a0 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, applianr~s, fixtures and sppurtenarxes, which now a may heresher pertain to a be used with, in or on said premises, even though they may be detached a detachable. IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mortgagee nay hereafter, at it option, at anytime within ten 1101 years from the date hereof and before fuN payment of this mortgage end rwtes , secured hereby, make further advances to the Mortgagor and any such further advances, with interest, shall be secured by this mortgage and shah be evidenced by an additional note then unpaid, and the total amount of interest, shah be secured by this mortgage and shah r be evidenced by an additional note then unpaid, and the total amount of indebtedness that maybe secured by this mortgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shalt not exceed the maximum prirtapal sum of 8 s 4 3000.00 ,together with interest thereon and any and all disbursements ntacle by the mortgagee for the payrrtertt 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 attorney's fees and court costs incurred in the collection of any w aN such sums of money. TO HAVE AND TO HOLD the same, together with the tenements, hereditamertts and appurtenances, unto the Mortgagee, in fee simple. ~ AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly sexed of said land in fee simple; that he has r 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 pesoesbh? and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all irtcumbrartces; that he wNl 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 fuNy warrant the title to said land and wiN defend the same against the lawful claims of aN persons whorrtaoever. ~ 11R • 8oox~ Pbt;E ~~s '