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. 494961
- Thl: lattrumeac was prepared by:
PLE/~~E E;r:?LY TO: Robert A. Burson/fib
CROMWL-LL Zr RE{`,'.SEN of the Law Office of
67 SO, FEDERAL HWY. CROMR'ELL- be RE.~ISEN
STUART, FLORIDA 3349 First MarinenBrB~uiklanyyg 8th Fbor
Riviera Beach, Fbrida 3340!
C0111;1iUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACIiES
C~:~or#~tt~e ~ end
THIS MORTGAGE INDENTURE executed this ~ day of July . l9 $0 .
by
JOHN PALAZZOLO and JOANN PALAZZOLO, his wife, and PHILIP PALAZZOLO and PHYLLIS
PALAZZOLO, his wife
oaf the County of ~ ~ r ,State of Michigan hereinafter called the Mortfiagor, which tens as used in every in-
stance sha0 include the l fortgagor
s heirs, executors, succf_ssors, legal representatives, and assigns, including aq subxryucnt grantees, either
voluntarily by act of the parties, or involuntarily by operation of law and shall demote the singular and/or plural, and the masculine aril/or
ferninine'arrd the natural and/or artificial persons, whenever aril wherever the context so requires or admits, as parties of the first part, and
CO\t\fUNITY FEDERAL SAYINGS 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 as nsed in every ifsstance shall include tl?e !11o:tgaeec's succti5sors,
letial representatives, and assigns, az party of the second part.
~VI'f\ESSETH, That for divers good and valuable rnnsiderations, and also in consideration ~ the aggregate sum of money gamed
in the promissory note of .even date herewith, hereinafter described, tha Mortgagor does grant, bargain, sell, alien, remise, release, convey,
anti confirm unto the 1\fortgagee, in fee simple, the following described real estate, of which the Mortgagor is now sewed and possessed,
and in actual possession. situate in the County of St . Lucie ,State of Florida. to-wit:
Lot 904, of TARPON BAY VILLAS, in accordance with the Plat thereof on file
in 'the Office of the Clerk of the Circuit Court in and for St. Lucie County,
Florida, in Plat Book 20, Page 15.
J
Rttbeivetl ~ /
in Paymen± Of Taxes
D,.e On Clue ~C•• intarrpibte Petstrnoc Fir
Purawnt To Chapter 71,134,
iJ Ate Of 1871. I
~ ~ AOGER ~rs~/
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TOGETHER with all strrrctares and improvements now and hereafter on said Iand and the fixtures attached thereto and aII rents,
issues, proceeds, and profits accruing and to aorrue from said premises all of which are included within the frnegoing description and the
haberxlum hereof. Also all gas, steam, electric, water itind other heating, cooking, refrigerating, lighting. Plumbing, ventilatirfg, irrigating,
and power systems, machines, appliances, fixtures and appurienanoes, which now or may hereafter pertain to or be used with, in or on said
premiux, even though they may be detached or detachable.
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IT IS !?fUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the ~tort-
gages may hereafter, at its option, at anytime within twenty (20) years frown 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 ire s_~cureci b.• this ,
mortgage acrd shall be evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this mort-
gage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum
principal sum of ~ 55 , 000.00 ,together with interest thereon and any and all disbursements made by the 1ltortgagee for the pay
ment of tares, levies, or iruurance on the property covered by the lien of this mortgage with interest on such disbursements at the rate speci-
~ fled in the note referred to in this mortgage, acrd for reasonable attorney's fees and court costs incurred in the collection of-any or all of
such sums of money -
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