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- ~ 5039'78 This instrument .ra: prepared by:
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'THIS IS A BALLOON MORTGAGE AND TH8 FINAL PAYMENT OR TAB Robert. Burson/ib
BALANCB DU8 UPON MATURITY IS $38, 300.00, TOGETHER WITH of the Law Offke of
ACCRUED INTEREST, IF ANY, AND ALL ADVANCBMBNTS MADE CROatwt:Lh Ile REMSEN
First Marine Dank Duildiag 8th l!'loos
BY THB MORTGAGEE UNDBR THB TERMS OF THIS MORTGAGE. - Rirjeri
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Fldor~ida 33l0!
C011i1<iUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALi1i BEACHES
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THIS MORTGAGE INDENTURE executed this day of October ~ • Ia60
by i
JAMES N. DAVIS III AND LINDA H. DAVIS,his wife
of the County of Dade .State of Florida hereinafter called the Mortgagor, which term as used in every in-
stance shall include the Mortgagors heirs, executors, successors. legal representatives, and assigns, including all subscrtueat grarrlecs, either
voluntarily by act of the parties, or involuntarily by operation of law and shall denote the singular and/or plural, and the masculine and/or
fenrininc aril the natural and/or artificial persona, whenever and wherever-the ooatert so requires or admits, as parties of the first port, and
CO~t\tUNITY FEDERAL SAYINGS AND.LOAN ASSOCIATION Ol• THE PALM BEACIiES, a corporation existing under the laws of the
united States ~ America, hereinafter called the Mortgagee, which term as need in every iastanoe shall include the hlortgagees successors,
legal representatives, and assigns, as party of the sernnd part. -
~VITi~ESSETH, That for divers good and valuable considerations, and also in coadderation of the aggregate sum of money named
in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise; release, convey.
and confirm unto the 1?tortgagee, in fee simple, the following described real estate, of which the Mortgagor is mw seized and possessed,
and in actual possession, situate in the Carroty of St. Lucie .State of Fbtida, to-wU:
Lot 31, WIDE WATERS, accorditg to the plat -thereof fi-led on Decetnber 6, 1973, and
recorded in Plat Book 17, Page 2, St. Lucie County, Florid, public records.
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. pw On Class •C" ir?tangiWa Persottal P~oO~N•
meant To Chapter 71.134. Act~~ Imo'
ROGER P01'r~ l~/
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TOGETHER arith all structures and improvements now and herealfter on sad land and the fistares amcLed thereto and aII rents.
issues. proceeds, and profits accruing and to aocnre from sad premises aII of whim are included vrtthin the foregoing description and the
~ habeadum hereof. Also all gas, steam, electric, water and other heating, cooiring, reirigeratiag, lighting, plumbing, ventilating, irrigating,
and power systerm, machi»es. appliances, fixtures and appurtenanoa, which now or may hereaftef pertain to or be used with, in or on sad
premises, even though they uray be detar~ed or -detachable.
IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the 11lort-
gages may hereafter, at its option, at anytime within twenty (20) Years frown the date hereof and before fuq payment of this mortgage -
and notes secured hereby, make fnrtlrer advances to the Mortgagor and any sneh further advances, with interest, shall be secured by this
mortgage and shall be evdeooed by as additional note they unpaid, and the total amount of indebtedness that may be secured by this mort-
gage may decrease or increase from time to time, bat the total unpaid balance so secured at any ooe time shaIl not e:oeed the maximum
principal sum of i 63, 700.00 ,together with interest thereon and any and all disbursements made by the Mortgagee for the pay-
ment of tares, levies, or insurance oro the property covered by the lien of thb mortgage with interest oo such disbursements at the rate spell.
fled in the note referred to in this mortgage, and for reasonable attorney's fees and court coats incurred in the collection of soy or all of
such sums of money. .
b~341 P~ 38~ -
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