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HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
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~OrfaMg¢ ~ Pe~ Joel Sencer
D D GUNSTER, YOAKIEY, CRISER, STL+M/ART ~ NERSlY, RA
iim Natio~el Reek Wildi~q, N~ Maci~. fleri~ S3A0
THIS MiORTGAGE INDENTURE executed this 2 2nd day of August 19 8 0
RAYMONIT A. SPIRNOCR, A SINGLE MAN
of t11e Canty of Polnr death, State of Florida, hsrsinafter called the. Mortgagor, which term m used in every 3nsfonq shoN
isctrde the Martgogor's heirs, executors, successors, legal nprsssntatives, and ouigns, includ'uq all subsequent grantees, eitMr
vohtMarily by act of the parties, o. involuntarily by operation of low and shall denote the singular and/or plural, and the
sosnrline and/or feminine and the natural and/or artificial persons, whenever and wherever the context so requires or admit.
as parties of the first part, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, o corporation existing
umrfer the lows of the United States of Americo, hereinafter tolled the Mortgagee, which term os used in every instance shall
irclrrde fhe Mortgagee's successors, legal representatives, and assigns, as pa?ty of the second part.
WITNESSETH, ?hat for diver good and valuable considerations, and also in consideration of the aggregate sum of moeney
horsed in the promissory note of even date herewith, hereinafter descrrbed, the Mortgagor does grant, bargain, sell, alien, re-
awe, release, convey, and confirm unto the Mortgagee, in fee simple, the following described real estate, of which the Mortgagor
is mo~rr seized and possessed, and in ochwl possession, siwate in the County of ,State of Florida, to-wit:
.Lt<c:e-
DZttELLZNG UNIT 416 B, ATLANTIS CONDOMINIUM, BUILDING B, ACCORDING TO
'PHE DBCLARA'PION OF CONDOMINIUM, DATED THE 13TH DAY OF JULY, 1978, AND
FILfiO FOR RECORD ON AUGUST 4, 1978, IN OFFICIAL RECORDS BOOR 291, AT
PAGES 2102-2156, INCLUSIVE, PUBLIC RECORDS OF ST LUCIE COUNTY, FLORIDA
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~ The mortgagor covenants that it and the association responsible for the operation of the above condominium will observe all of the
j provisions of the Declaration of CorMorrHnium and any amendments thereto of the above condominium and of the Condominium Act, and
wiN perfomr 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 shah cor?stitute default under this mortgage. Mortgagor specifically covenants,
bait not by way of limitation, that rt and the association will observe all of the provisions of said Declaration of Condominium pertaining to
utu:rance coverage.
~ TOGETHER with art structures and improvements now and hereafter on said land and the fixtures attached thereto and all rents,
~ issues, proceeds, and profits accruing and to accrue from said premises all of which are included within tf'ie foregoing description
t and the hater lum hereof. Also all gas, steam, electric, water and other heating, cooking, refrigerating, lighting, plumbing, ventilating,
irrigating, and power systems. machines, appliances, fixtures and appurtenances, which now or may hereafter pertain to or be used
~ with. in or on said premises, even though they may be detached or detachable.
IT IS MUTUALLY' COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mortgagee
may hereafter, at it option, at anytime within ten (101 years from the date hereof and before full payment of this mortgage and notes
secured hereby, make turtlrer advances to the Mortgagor and any such further advances, with interest, shall be secured by this mortgage
and shall be evidenced b+y an additional note then unpaid, and the total amount of interest, shall be secured by this mortgage and shah
Abe evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this mortgage may decrease
or increase from time to time, but the total unpaid balance so secured at arty one time shah not exceed the maximum prinapal sum of S
6 8 2 0 0.0 0 . toget~ w~ inten'n thereon and any and all disbursements made by the mortgagee for the payment of taxes, levies, or
ir>wrance 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 t:oNection of any or all such sums of money.
TO HAVE AND TO HOlO the same, together with the tenements, hereditaments and appurtenances, unto the Mortgagee, in fee simple.
E AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple; that he has
E fuN power and lawful tight to convey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at aN times peaceably
and quietly tiao enter upon, hold, occupy and enjoy said land; that said land is free from all incumbrances; that he will 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 fully
warrant the title to said land and will defend the same against the lawful claims of a7N
persons whomsoever.
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