HomeMy WebLinkAbout0358 4
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Thb instrumaat was prepared bys
Robert A. Burson/fib _
of the Law Office of
CROMWELL. ac REMS6N
First Marine Bank Building 8th Floor
8001 Broadway
Rivbra Beach. Florida 33'!0!
CODihiUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE .PALM BEACHES
~~Ott~C ~EEi4
THIS MORTGAGE INDENTURE executed this 30th day of June . 19 80 .
by
RENATO R. ALCALDE AND MIRASOL A. ALCALDE, his wife
~ ~ ~~tY St . Lucie .State of Florida hereinafter called the Mortgagor, which term as used in every in-
stance shall include the I?iortgagors heirs, executors. successors, legal representatives, and assigns, Including all subs~Ytucnt grantees, either
voluntarily by aM 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 tbe context so requires or admits, as parties of the first part, and
CO\i~fUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES, a corporation existing under the laws of the
United States of America, hereinafter called the Mortgagee. which term a used in every i~tanoe shall include the Mortgagee's successors,
iesai representatives, and assigac, 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, tbe I?tortgagor does grant. bargain, sell, alien, remise, release. convey,
and confirm unto the I?tortgagee, in fee sLnple, the following described nml estate, of which tbe Mortgagor is now seized and possessed,
and in actual possesrion, situate in the County of St . Lucie ,State of Florida.- to-wit: - -
Lot 12, Block 185, of SOUTH PORT ST. LUCIE, UNIT 14, a Subdivision according to
the Plat thereof, recorded in Plat Book 16, Page 29, of the Public Records of
St. Lucie County, Florida.
RECEIYfD = /S'f.b0 IN PAYMENT Of TAXEf
CU: 0~1 Ct'SS •C IST~R668lE PAP.°C~'tL PIiO?EBTr.
` q 5 1 c'~i3va.91' TJ . NTi?Ti', 11- .'.STS cf 1g71.
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TOGETHER with all structures and improvements now and bereafter on said land and the fi:trues attacued thereto and all rent.
a issues. Proceeds, and profits accruing and to accnre from said premises aII of which are included within the foregoing description and the
habendum hereof. Also all gas, steam, ctettric, water and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating,
a and power systems, machines, appliances, fixtures and appurtenances, which now or may hereafter pertain to or be used with, in or on said ~
pmmites, eves though they may be detached or detachable.
IT IS MUTUALLY COVENANTED AND AGREED by and between tbe parties hereto that upon request of the Mortgagor, the Mort-
~ ¢agee may hereafter, at its option, at anytime within twenty (20) Years from the date bereof and before full payment of this mortgage
and notes secured hereby, make further advances to the Mortgagor and any such further advanax, with 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 mort-
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Rage may decrease or increase from time to time, but the total unpaid balance ao secured at any one time shall not exceed the maximum
principal sum ~ i 77,300.00 ,together with interest thereon and any and all disbursements made by the Mortgagee for the pay-
" meat of taxes, h-pies, or insurance on the property covered by the lies of this mortgage with interest on such disbursements at the rate speci-
fied in the note referred to in this mortgage, and for reasonable attorney's fees and court costa incurred in the collection of any or all of
such sums of money.
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lib'iURN 'I+O INSTRUM~? PREPAnEr1