HomeMy WebLinkAbout1481 13'
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_ ~ 1Ws lnstrumertt wa: prepared by:
Robert A. Burson/fib
of tha Law Office of
CRO\1WELI. 8r REMSEN
First I?tarine Bank IIuiWing 6W Floor
2001 Broadway
- Riviera Beach, Florida 33404
CO~IAIUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALAi BEACHES
THIS MORTGAGE INDENTURE executed this 25th day of August 19 80 ,
by
EARL E. DORBAND AND DIALET E. DORBAND, his wife ,
of the County of Martin ,State of Florida hereinafter called the Mortgagor, which term as used in every in-
st<1nce shall inchrde the I?lortgagors heirs, executors, successors, legal representatives, and assigns, including all sul,scyuent granites, either
voluntarily by act of the parties, or involuntarily by operation of law noel shall denote the singrdar and/or plwal, and file masculine and/or
feurinine ar?d the natural noel/or artificial persons, whenever and ~cherever the oonte:t so requires or admits, as parties of fire first part, and
CO\f~fUNITY FEDERAL SAVI\GS AND LOAN ASSOCIATION OF THE PALM BEACHES, a corporation existing under the laws of the
United States of Arneric~, henin:?fter called the lfortgagee, which term as used in every instance shall include the rlortgagee's successors,
lr~al repnrsentatives, and assigns, as party of the second part.
NlTNESSETii, Tbat for dirers good and valuable considerations, and also in consideration of the afigregate Brun of money named
in the prorniswry note of e~~en date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, convey.
and confirm unto the I?iortgagee, in fee simple, the following described real estate, of which the Mortgagor is now seized noel possessed,
and in actual possession, situate in the County of St . Lucie. State ~ F'im'.da. tct--wtt:
Lot 1, Block 70, SOUTH PORT ST. LUCIE, UNIT FIVE (5), a Subdivision in St. Lucie Cotmty,
Florida, according to the Plat thereof in Plat Book 14 at Pages 12 and 12A through 12G, of the
Public Records of St. Lucie County, Florida.
t _ . ~ 5i : ~ ::i'.- 72-.:.4, ACTS Ci 197E
i;:.L~R PGITRAS
Cl.~~.K q 2~UiT GGUi:T, ST. UiG1E CQ. Ili ~ 1?1
TOGhTIiER with all structures and improvements now and hereafter ore said land and the fixtnres attached tLereto and aII rents,
issues, proceeds, and profits aocnring and to accrue from said premises all of which are induded within the foregoing description and the
habendum 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 I?iUTUALLY COVENANTED A1~D AGREED by and between the parties hereto that upon request of the T.fortgagor, fire Mort-
gagee may hereafter, at its option, at anytime within twenty (20) years from 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 be secuicd by this
mortgage noel 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 = 40, 000.00 .together with interest thereon and any and all dubursements made by the Mortgages for the pay-
ment of taxes, levies, or insurance on the property covered by the lien of this mortgage with interest on such disbursements at the rate speci-
fied in the note referred to in this mortgage, and for reasonable attorney's fees and court costs incurred in the rnllection of any or all of ~
su::h sums of money.
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RE7VRN TO INSTRUAIE~'T PREPARSR