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HomeMy WebLinkAbout0641 • t, SU'7~`76 HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH Joel Sencer ~ Esq . ~ 5 Tkb IotbvMM Ww ?..por.a Ors or#gitge ~ Fel GUNSTER, YOAKtEIf, CRISER, STEWMT ? MERSEY, ?.A lint Noiweol Task Wildiw?, htw Ooed~. Flaid~ 33180 "jar THIS MORTGAGE INDENTURE executed this ~l day of ~ ~ ~ ` , by DAVID A. SAL'f'MAN JOINED BY HIS WIFE ROBIN M. SALTMAN St . Nice of the County of i~elttt•~eaeh; State of Florida, hereinafter tolled the Mortgagor, which term os used in awry. instonu shall include the Mortgagor's heirs, executors, wccessors, legal representatives, and assigns, including all subsequent grantees, eitMr voluntarily by act of the parties, or involuntarily by operation of law and shall denote the singubr and/or plural, and the masculine and/or feminine and the natural and/or artificial persons, whenever and wherever the context so requires or admits, os parties of the first port, ond_HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation exerting under the laws of the United Stoles of Americo, hereinafter tolled the Mortgagee, which term as used in every instance shall include the Mortgagee's successor, legal representatives, and assigns, os party of the second part. WITNESSETH, That for divers good and valuable considerations, and also in consideration of the aggregate sum of money Honied in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, re- mise, release, convey, and confirm unto the Mortgagee, in fee simple, the following described real estate, of which the Mortgages is raw seized and possessed, and in actual possession, situate in the County of Raint-lisecft, State of Florida, to-wit: A~ APARTMENT NUMBER, ALSO KNOWN AS CWELLING UNIT 408 OF OCEANRISE CONDOMINIUM, A CONDOMINIUM ACCORDING TO THE DECLARATION OF CONDOMINIUM THEREOF, AS RECORDED IN OFFICIAL RECORDS BOOK 313, PAGES 2307 .THROUGH 2351 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA AND AS AMENDED IN OFFICIAL RECORDS BOOK 315, PAGES 1853 THROUGH 1866. - ZiOC~'I11ER WI'tIi AN l]!!IDIVTI7ED Il1iE[iEST 7N THE C Cr+MJN II~TIS AS SET IN T~ T~(~ARAIZ~I OF OQ~IDCt~IItM, AMID TOC~'THER WI11I AIL d11~R (TS Z~I~O AS SET ~tTii IN ~ I~F~QARATICN ~ OQ~DC[~IILt'I. _ RE`Y~'VED f ~ ~ S. k% 1!1 PAY'K'+T t'.f TAXES I L'!" .~7 CL" 'C' ?•1?' t= P...~~ "l f:0?E:tTY, 11',?_•N7 7,; ~ 7i- ~;IT Lf 1971. I :_%La v~l::as ~ ~ ClC6X G: ~U;T C~B:Q, ST. 1111.1E CO. F1A.`~) . _ : t i The mortgagor covenants that it and the association responsible for the operation of the above condominium will observe all 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 shall 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 - insurancecoverage. 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 ar?d to accrue from said premises all 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 hereaher pertain to or be used with, in or on said premises, even though they may be detached or detachable. s IT IS MUTUALLY COVENANTED AND AGREED by and betv+reen the parties hereto that upon request of the Mortgagor, the Mortgagee ~ may hereafter, at it option, at anytime within ten 1101 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 secured by this mortgage and shall be evidenced by an additional note then unpaid, and the total amount of interest, shalt be secured by this mortgage and shall be evidenced by an additional note then unpaid, aril the total amount of indebtedness that may be secured by this mortgage may decrease or i ~ tease frorp ~me to time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal sum of S Q U 0 • U ,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 disbwrsements at the rate specified in the note referred :o in this mortgage, and for reasonable attorne~/s fees and court costs incurred in the coNection of any or all 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 {awful 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 tte 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 lifts to said land and will defend the same against the lavriul claims of all persons whomsoever. ~~343 640 .