HomeMy WebLinkAbout0360 ~~ipAa~ pE(O RAMGO FORM RWt
hw Gr/arMNa M laN•Nral ~V~O ~O t
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Executed th• 17th day of July A. D. 19 80 by
RICHARD M. ALBERT and PATRICIA ALBERT, his wife, and
DICK ALBERT ELECTRIC, INC. ~ '
a corponatton existing under the law, of Florida ,and having iti principal place of
business at 2609 Jersey Avenue, Fort Pierce, Florida 33450
herotnaJter called the mortgagor. to ~
FLORIDA BANK AT FORT PIERCE
whose postojjtce address is Post Office Box 3469
h.roina/ter oalkd the mortgagee: Fort Pierce, Florida 33454
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l3~ ~ ~Lill~ll~e that Jor good and valuable constdemtions, and also in consideration of the aggre-
gate sum named in the promissory note of even dote herewith, hereinafter described. the mortgagor here-
by gnsnb, bargains. sells, aliens. romises, conveps and oon/firms unto the morlgagas nl! the certain land
of which the mortgagor is now aefzed and in possession situate in St. LuCi.e .County.
Florida, viz: -
' PARCEL #1: The East half of Lots 19, 20 and 21,
HIGHLAND AVENUE HEIGHTS, according to
~ the plat thereof on file in Plat Book 4,
154 ~ page 81, of the Public Records of St. ,
_ ~ Lucie County, Florida.
N
4 , ~ ~ PARCEL # 2 : Lot 7 , Block 1, HIBISCUS PARK, as per .
~ . a 3 plat thereof recorded in Plat Book 8 ,
o ~ ~ y page 11, of the Public Records of St.
~ , ~s ~ Lucie County, Florida.
o~ - ~
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w ~ s THE MORTGAGORS FURTHER AGREE to pay all taxes, assessments,
and utilities that-maybe levied and assessed against the
~ ~ ~ ~ property herein, subsequent to the date hereof, and agree
that if the Mortgagors shall fail to keep the property
insured or to pay any premiums or pay taxes, assessments,
or utilities, then the Mortgagee, if it so elects, may
pay the same, and the amount so paid shall be secured :by
this Mortgage, and .repaid with interest by the Mortgagors
within fifteen (15) days after the receipt by Mortgagors
by written notice thereof. Failure to make such payments '
~ shall be deemed a default of the Note secured hereby in
this Mortgage. - s;
_
' " The total amount of indebtedness secured hereby may
decrease or increase from time to time, but the total
~ `~`t unpaid balance so secured at any one time shall not
E ~ exceed the principal sum of $91,500.00, plus interest
thereon and any disbursements made for the payment
~ of taxes, levys or insurance on .the property covered
by the lien of this mortgage, with interest thereon;
r~-':' ; and this mortgage shall secure any and all additional
' further monies which may be advanced by Mortgagee to
- = ~ _ the Mortgagor after the date hereof, which future advances '
of money, if made, shall be evidenced by a note or
' >
. ~ ~ _ notes executed by the Mortgagor to the Mortgagee bearing
- :;t such rate of interest and with such maturities as shall
_ n-.:~ be determined from time to time, but any and all such future
advances secured by this mortgage shall be made not more
~ than fifteen years .after the date hereof. Nothing herein
Z ~ contained shall be deemed an obligation on the part of
~ the Mortgagee to make any such future advances.
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