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HomeMy WebLinkAbout1379 . ~3~ w ~ so4s3~ HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~0~9a9e weed THIS MORTGAGE INDENTURE executed this 15 day of October, 1980, " by PATRICIA K. NAVILIO, joined by her husband, MICHAEL L. YERGIN, " Cook, Illinois, of the County of C State of H1tadlt; hereinafter called the "Mortgagor", which term as used in every instance shall include the Mortgagor's heirs, executors, successors, legal representatives, and assigns, including. all subsequent grantees, either voluntarily by act of the parties, or involuntarily by operation of law and shall denote the singular andlor plural, and the masculine andlor feminine and the natural andlor artificial persons, whenever and wherever the context so requires Or admits, as parties of the first part, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation existing - underthe laws of the United States of America. hereinafter called the "Mortgagee",which term as used in every Instance shall include fife Mortgagee's successors, legal representatives, and assigns, as party of the second part. WITNESSETH, That for diverse good and valuable considerations, and also in consideration of the aggregate sum of money named in the Renegotiable Rate Promissory Note of even date herewith, hereinafter described, the Mortgagor does - grant, bar~in, sell, alien, remise. release, convey, and confirm unto the Mortgagee, in fee simple. the following described real estate, of which the Mortgagor is now seized and possessed, and in actual possession, situate in the County of St: Lucie State of Florida. to-wit: All of Lot 3 and the East 1/2 of Lot 2, Block 2, RIVERSIDE HARBOR SUBDIVISION, according to the Plat thereof as recorded in Plat Book 10, Page 5, Public Records of St. Lucie County, -Florida. b~ ~ ' Received 3 ~a' ~ Ir Payment Of Taxes _ due On Class Intangible Persona?pro~?ty~ pu?suant To ChaFter 71. 134, Acts O+'9~j1. - - - - _ I ROGER POITRAS . ~ . t . ~.1tZry Clrt:ult COUft. St. Lucie, CO., Fla. _ c~ _ ~ ' ~ _ - ~I - - " This Irutrurnent Was Prepared By; - - CORDON B. JOHNS70N, IiSQ. POST OFFICE BOX 2200 VERO BEACH, FLORIDA 32960 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 all at 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 with, in or on said premises, even though they may tie 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 its option, at anytime within ten (10) years from the date hereof and before full payment of this mortgage and notes secured hereby, make futher advances to the Mortgagorand any such further advances, with interest, r shall be secured by this Mortgage and shall be evidenced by an additional note then unpaid, and the total amount of in• debtedness that may be secured by this Mortgage may decrease or increase from timeto time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal sum of = 51, 200.00 ,together with interest g thereon and any and all disbursements made by the Mortgagee for the payment of taxes, levies, or insurance on the property covered by the Ifen 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 collection of any or all of such sums of money. TO HAVE AND TO HOLD the same. together with the tenements, hereditaments and appurtenances, unto the Mortgagee, in fee simple. AND the Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized of said land in fee simple; that he has full power and lawful right to convey said land in fee simple as aforesaid; that it shall be~lawful for the Mortgagee at all ~ times peaceably and quietly to 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 re• quired; that he does hereby fully warrant the title to said land and will defend the same against the lawful claims of all persons whomsoever. ~ . ~~~4i t,~i~77 fi - _ ~ -