Loading...
HomeMy WebLinkAbout1017 i Thk Irlstrum~M PnWrtd 8y: 13 ~ ' JOHN A. DARLSON~ ESQ. 4~~ OARISON ANO tlOBKO, CAsrtsrsa P. O. liwt 23Iti MORTGAGE DEED 9se ~ Fsdsrsl Mwy, Stuart. Fbrlds >t>NN THIS MORTGAGE. executed this ...V..~ -day of ...........~Utle... , • . • • • , , , , , , • A.D., 19.80.., by JOHN HERMAN and MARY HERMAN, his wife, ~ hereinafter called the Mortgagor, which term shall include singular or plural, corporation or individual, and either sex. and shall include the heirs, legal representatives, suceeasoro and assigns of .the 11~ortgagor, to i AMERICAN BANK OF MARTIN COUNTY. ' a State banking corporation organized and existing under the laws of Florida with its princitx~l place of huainess in Martin County. Florida, hereinafter called the Mortgagee, which term shall include the succeasoro and assigns of the said Mortgagee. " WITNE33ETH THAT, WHEREAS, the Mortgagor has received a loan from the Mortgagee and is justly indebted to the Mortgagee. which indebtedness is hereby acknowledged and is evidenced by a certain promissory note, a copy of which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made a part of this instrument. NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several sums of money mentioned in the said note does hereby grant, bargain, sell, alien, remise, release. convey and confirm unto the said Mortgagee, in fee simple forever, the following described land, of which said Mortgagor is now seized and possessed and in actual possession situate, lying and being in..... $t.• •~..UCIe . • ....County, State of Florida, and more particularly described as follows: 1•~!: A condominium parcel designated as Unit No. 614 of SAND DOLLAR o+a' VILLAS CONDOMINIUM C, according to the Declaration thereof ~ 1;;,_= recorded in Official Records Book 332, Page 1133, and amend- ~ -_,r,.~; ment thereto recorded in Official Records Book 332, page 1432, 1 ' • 1 ~ all in the Public Records of St. Lucie County, Florida. _ TOGETHER WITH all fixtures and appliances located therein, ry' TOGETHER with al 1 of its appurtenances according to said ~';_~.4' ra " Declaration of Condominium, including but not 1 i mi fed to ~•-r:; ~ " an undivided 1/47th share in the common elements thereof ~ +j+ t and together with all-the tenements, hereditaments and appur- # w tenances thereto belonging or in anywise appertaining. !1 ~O f ~ ~ RFCfJrEO s Sa-OO IN PAYYfIR OF TA>Ki © ' ~ Otlt: ON CIiSS •C IIIT1Ut6!BLE PFftS01tAL PROPERTY. Ft1:cSU1JIT'TO LNAPTEA 71-131. ACTS OF 1171. R06ER PORRAS tXEft>< aRCgT COYRT, i~ IAA CO. ll~~m TOGETHER WITH all and singular the tenements, heriditamenta and appurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and hereafter on said land and all fixtures attached ~ thereto, together with all rents. issues and profits accruing from said premises and all gas, steam, electric, water. plumb- q ing, lighting, ventilating, heating and cooling systems, which now are or may be in or on said premises though they be detached or detachable, including but not limited to all retrigeratoro, stoves, ovens, appliances and carpets and all t additions, replacements and increase thereof hereafter acquired or located on the said premises, and all attachments and parts thereof, and any additions, extensions or betterments of, in or to the buildings now or hereafter erected on the said premises. } TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee. in fee simple forever. _ AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as [ollowa: 1. That the Mortgagor ie lawfully seized o[ the above described premises in fee simple and has good right to sell and { convey the same to the Mortgagee; that the said premises are tree and discharged of and from all taxes, taz titles or certificates. judgments, mechanics liens and encumbrances o[ any nature or kind whatsoever and that the Mortgagor i will fully warrant and defend the same to the Mortgagee. against the lawful claims and demands of all persona whom- soever, and will make such further assurances to perfect tee simple title to said land, in the Mortgagee, as may reason- ably berequired, and will pay the several soma of money agreed in the said note to be paid and all installments of prin- cipal and interest thereon promptly when due, and according to the true tenor and effect of the said note. t 2. That the Mortgagor will pay all and singular the taxes. asseaementa, levies, and encumbrances of every nature on x the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof and receipts evidencing payment of said taxes, assessments, levies and encumbrances shall be deposited with the Mort- gages on or before March tat of each succeeding year during the term of thin mortgage; and it same be not promptly t paid when due, the Mortgagee may (without obligation to do so) pay the same, or become purchaser of any lawful evi- dente thereo[, or certificate therefor, without waiving or affecting any right hereunder and in this mortgage. or the said note which this mortgage secures; and such payments or expenditures so made shall bear interest from the date thereof at the highest legal rate. - 3. That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this ~ mortgage insured as may be required from time to time by the Mortgagee against loss by fire, windstorm and other t hazards, casualties and contingencies for such periods and for not leas than such amounts as may be required by the r Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of only the minimum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply [ully with all co-insurance requirements contained in said policies to the" end that said Mortgagor is not a co-inauror thereunder. Insurance shall be written by a company or companies approved by the Mortgagee and all policies and renewals thereof shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and a~K334 PdcE101.5