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515499 OUNSTER. YOAKLEY, CRI EH 3 STEWAHT TM~ ~~NwM~I W. -..'.M ~ ( 3~
PROFESSIONAL ASSOCIATION ~ ~•
Stwrt Plaza • Suite 420 - auNSice, ro~er. cR~u~ a snwnn
951 Colora0o Avenua ''"' N•'""O~ M•t w~Y~, ~.4. w.a, fM~•r. ~s.M
Stuirl. Flotida 3349~
HOME FEDERA~ SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
~V[~ e ~Deed ~ ~ ~ .So
01~9a9
THISMORTGAGEINDENTUREexecutedthis 29th dayof January 1981
by
LOUIS R. RAPP AND
M. LOUETTA RAPP, HIS WIFE
~ort St. Iucie ~
of the County of ~hn~ee~eh. State of Flo~ida, hereinatter called the "Mortgagor". which term as used in every inatance shall
include the Mortgagor's heirs. executors, successors, legal representatives, and assigns, including all subsequent g~antees.
either voluntarilY by act of the parties, or involunta~ily by operalion of law and shall denote the singular andlor plural. and the
masculine and/or feminine and the natural andlor ahificial persons. whenever and wherever the Context so requires or admits.
as parties of ihe (irst part, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation existin~
under the laws ot 1he United States of America; hereinafter called the "Mortgagee". which term as used in every instance shall
include the Mortgagee's suCCessors, legal representatives. and assigns, as pa~ty of the second part.
WITNESS~TH. That for diverse good and valuable considerations. and also in consideration of the apg~e~ate sum of
money named in the Renegotiable Rate Promissory Note oi even date herewith, hereinaite~ described. the Monpa~or does
grant. bargain, sell, alien, remise. retease. convey. and confirm unto the Mortgagee. in teesimple. the following desc~ibed real
estate, of which ihe Mortgagor is now seized and possessed, and in actual possession, situate in the County of .~ _ j,j,jCj g
State of Florida, to-wit:
[;NIT 208 OF TARPON BAY YACHT CLUB CONDOMINIUM G, ACCORDING TO THE
DECLARATION OF CONDOMINIUM DATED DECEMBER 12, 1980; AND RECORDED IN
OFFICIAL RECORD BOOK 346, PAGE ~098, PUBLIC RECORDS OF ST. LUCIC
COUNTY, FLORIDA= TOGETNER WITH THE UNDIVIDED SHARE OF THE COMMON_
ELEMENTS OF THE CONDOMINIUM DECLARED IN THE DECLARA'i'ION TO BE
APPURTENANT THERETOf TOGE~`HER WITH ALL APPURTENANCES THERETO,
INCLUDING, H'I'PHOUT LII~!t'I'ATION, THE RIGHT OF EXCLUSIVE USE OF THOSE
AREAS, SPACES AND PORTIONS OF COMMON ELEMENTS OF THE CONDOMINIUM,
DECLARED IN 7'HE DECLARATION OF CONDOMINIUM TO BE LIMITED COM,MON
EIII~~FNlS OF 7i~ LNTr.
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a,, 1 S'~ ~*o. v~
~tcr~Ee :/ Sfl. o o IN ~AY'.l~~IT Of TA~f
GU~ Gi Clt.i 'S' tf1T[HG:BLE ?L£SQ::RL PSOPERTY.
P+i ."_'.%.'Ni TO '. H.'I-T~A 7i-~_i, A.°.7S OF 1~71.
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TOGETHER with all structures and improvements now and hereatter on said land and the fixtures attached thereto and all
rents, issues, proceeds, and profits accruing and 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, ref~igerating, lighting~
plumbing, ventilating~ irrigating, and power systems, machines, appliances, lixtures and appu~tenances, 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 Mt1TUALLY COVENANTED AND AGREED by and between the parties hereto that upon request o( 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 i
mortgage and notes secured hereby, make futher 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 in- a
debtedness that may be secured by this Mortgage may decrease or inCrease irom time to 1ime. but the total unpaid balance so `
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secured at any one time shall not exceed the manimum principal sum of t , together with interest
thereon and any and all disbursements made by ihe Mortgagee for the payment o axes,lev es, or insurance on the propeNy ;
covered by the lien of thia Mortgage with interest on such disbursements at the rate specified in the Note referred to in this .~
Mortgage. and for reasonable attomey's fees and court costs incurred in ihe collection of any or all of such sums of~ money. : ~
TO HAVE ANO TO HOLD the same. together with the tenements, hereditaments and appurtenances, unto the Mortgagee,
in fee simple. ~
AND the Mortgagor does hereby covenant with ihe Mortgagee that he is indeteasibty seized of said land in fee simple; that
he has full power and lawtul right to convey said land in fee simple as aforesaid; that it shall be lawiul for the Mortgagee at all
timea 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 tltle to said tand in the Mortyagee as may reasonably be re- ~
quired; that he does hereby fully warr~nt the title to said land and will defend the same aqainst the lawtul claims of ali pqrsons ~
whomsoever. . ~
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, ''R 34 7 P~~E 2~'21
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