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Home My WebLink About0950 / • 1~ • ~ / ` ~~~3s4 ~ ~ 0131 ao a a 6 6 HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH TbM tahv.M1 W hN.ne yl, ~I1r#~2I~P ~PP~ DWIGHT COOL QuNS1Ett, rO~tcLEr, CRISP, STl1MART 1< MERStr, ?.A rfm N.ti..et tiwt wiw.R, N.Iw 0«d~, fM.i/. 3~1t1e THIS MORTGAGE INDENTURE execvled this ~ O cloy of ' g~ by EDYTHE R. VIRTUOSO A SINGLE WOMAN St. Lucie of the County of State of Florida, hereinafter called the Mortgagor, which term m used M every instance shoN include the Mortgagor's heir, executors, successor, legal representatives, and assigns, includ`uq all substquent prontgss, either vduntarily by act of the ponies, or involuntarily by operation of law and shall denote the singular and/or plural, and 1M masculine and/or feminine and' the natural and/or aniffcial persons, whenever and- wherever the context so requiros or odmib„ as rties of the first pars, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PAlM BEACH, o corporation exWing under the laws of the United States of America, heminafter tolled the Mongagee, which tens as used in every instance shall include the Mortgagee's successor, legal representaYnes, and assigns, os party of the second pan. WITNESSETH, That for diver good and valuable considerations, and also in consideration of the agQregote sum of money named in the pronirssory note of even date herewith, hereinafter descried, the Mongogor does grant, bargain, sell, alien, re- mise, rolease, convey, and.oonfirm unto the Mortgages, in fee simple, the following dsscr~sd real e~aM, of whid? the Matgoga is now seized and possessed, and in oshwl possession, sinrots in tM County of State of Florida, to•wit: St. Lucie UNIT 202 OF TARPON BAY YACHT CLUB CONDOMINIUM H, ACCORDING TO THE DECLARATION OF CONDOMINIUM DATED MAY 1980; AND RECORDED IN OFFICIAL RECORD BOOK 332, PAGE 133, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA TOGETHER WITH THE UND-IVIDED SHARE OF THE COMMON ELEMENTS OF THE CONDO- MINIUM DECLARED IN THE DECLARATION TO BE APPURTENANT THERETO; TOGETHER WITH ALL APPURTENANCES THERETO, INCLUDING, WITHOUT r.TMITATION, THE RIGHT OF EXCLUSIVE USE OF THOSE AREAS, SPACES AND POR'T'IONS OF CON.MON ELEMENTS OF THE CONDOIr!INIUM, DECLARED IN THE DECLARATION OF CONDOMINIUM TO BE LIMITED COMMON ELEMENTS OF THE UNIT. - i ~ - - a - ~ r tl -Y- _ ' i; a ~ - Received i ___~.o___ ~ Pa1?a'terit Of Toftgs - - - - ~ Dw On CIaR »C.. Paraorrry Atli Purw~uk to Clt~nlr 71,.~~ Aw Of 1p1. 4 y a"f` ci~o,~ cotlaR, s~ tttlef~ wa ~ q The mortgagor covenants that it and the association responsible for the operation of the above condominium will observe aN of the provisions of the Declaration of Condominium and any amendments thereto of the above condominium and of the Condominium Act, and will perform 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 constitute default under this mortgage. Mortgagor specifically covenants, but not by way of limitation, that it and the association will observe all of the provisions of said Declaration of Condominium pertaining to insurance coverage. TOGETHER with all 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 aN of which are included within the foregoing description and the haben 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 wnh, 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 chat upon request of the Mortgagor, the Mortgagee ,may hereafter, at it option, at anytime within ten (10) years from the date hereof and before fuN payment of this mortgage and notes secured hereby, make further advances to the Mortgagor and any such further advances, with interest, shah be secured by this mortgage and shall be evidenced by an additional note then unpaid, and the total amount of interest, shall bersecured by this mortgage and shah be 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 any one time shall not exceed the maximum principal sum of 8 - 4 5 0 0 0.0 0 together with interest thereon and any and all disbursements made by the mortgagee for the payment of taxes, levies, or insurance 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 martgage, and for reasonable attexney's fees and court costs incurred in the collection of arty or all such sums of money, TO HAVE AND TO HOLD the same, together with the tenements, hereditamenis and appurtenances, unto the Mortgagee, in fee simple. AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said lard in fee simple; that he has fuN power and lawful right to convey said land in fee simple as aforesaid; that it shall be lawful for the Mortgagee at aN times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from aN incumbrances; that he vNll make such further assurarxxis to protect the fee simple title to said land in the Mortgagee as may reasonably be required; that tre does hereby fully warrant the title to said land and wiN defend the same agair?st the lawful claims of all persons whomsoever, c~c~ 800K c~~ PIlGE