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Home My WebLink About2432~~ ~o, /9~/ 51563~ u~ ~ - HOME F'EDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH ~nrtgM~e ~~e~ THIS MORTGAGE INDENTURE ~xecuNd thi~ ~ bY ~ Return to: 1UN IahvMM W« 1nMrN hn Joel Sencer ouNS1Et, ro~nn, CR11q, SflWART - M[!S!'r, r.w ri~ N.~~.~ ~..t w~~~, ai. a.a~. ~~w. ~ ~~~ do,, of~,~~ .~t «~ / 9 ~ / / ~ ( ;: ,/ ALBERT E. MEIHOFER AND ELI2ABE'PH L. MEIHOFER, HIS WIFE of th~ County of Palm deach, Srot~ of Florido, l+Keinah~r called the Mo~t~apo~, which tenn ~ ussd in ~wry inpanu shall inc{ud~ th~ Mortpa9o-'s hein, sxecuton, wccessors, leyo) r~prssentotives, and cssign:, includin~ all tubsegwnt qron»ss, ~ithK voluororilr by att of the pa~ties, of imroluntarily bY operotwn of low ond sho11 denote the ~in9ular and/or plural, cnd tM niosculins and/or feminine and the naturol and/or aNificial persons, whe~eve~ and vrhersver the coeroxt so roquiros or odmit~,. oipa ~ties oE the first port, and HOME FEDERAI SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporotion ~xi;tin~ und~r ths tows of ths Uni~ed Stotes of Americo, herei~offer colled the Mortgagee, which term as used in every io:tanos shofl include ths Matga~es's wccessors. legal representctires, ond assigns, os party of ths xcond po-t. ~ WITNESSETH, Thot for diren 9ood and voluoble cor-sideratans, and olso in coni~derctbn oF the a~repote wm of monh- nqnied 'm the promissory note of even dote herewith, hereinQfter desci~ed, the Mortgagor does 9rant, bar9ain, sell, ulisn, r~- miss. ~eleoss, co~vey, and confirm unto the Mortyapee, i~ fee_ simple, the followin~ described rcal estote, oi which ths Mort9oQa is no~w seis~d and possesssd, and in actual posseuion, situate io the County of )P10111I~Ili~IK Srots of florida, to-wit: ~ St. Lucie, - UNIT 107 OF TARPON BAY YACHT CLUB CONDOMINIUM G, ACCORDING TO THE DE- CLARATION OF CONDOMINIUM DATED DECEMBER 12, 19$0; AND RECORDED IN ORB 346, PAGE 1098, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA; TOGETHER `niITH THE UNDIVIDED SNARE OF THE COMMON ELEMENTS OF THE CONDOMINIUM DE- CLARED IN THE DECLARATION TO BE APPURTENANT THERETO; TOG~THER WITH ALL APPURTElJANCES THERETO, INCLUDI2IG, WITHOUT LIMITATION, THE RIGHT OF EX- ::LUSIVE USE OF THOSE AREAS, SPACES AND PORTIONS OF COMMON ELEMEN'PS OF TNE CONDOMINIUM, DECLARED IN THE DECLARATION OF CONDOMINIUM ':O BE LIMITED COMMON ELEMENTS OF THE UIvIT. ~ r ~~~ ~° " -- /~__ ~ ~r: F~a~:.~~r~t ~t T ,- Cfass •.C.. ;nta ~ ~pWle Personai Prpp«~. •~~d~» To CAaOw 71, 134. Aas Of 1971. ~ c~erk cira,k ca.~t, s~ t.~o~ ~ r: ~ 1 ~ .: ~ ~. ~ E f ' ,a~.,-F,r ~: ~. ~ ~ r. ., ~. -~ .ss~'.~~.'w`~#,.~~.."~'~-~.~ ~~..r~` w ~'.: ., _ _ Tha matgagor covenants that it and the association responsible for the operation of the above condominium will observe all of the provisioru of the Declaration of l;ondominium and any amendmsnts thereto of the above condominium and of the Condominium Act, arxf will perform the obligations under the said Declaration and Act; and a failure to do so which is not cured within 30 days aher notice given by the morigagee to the mortgagor and th8 association shall constitute defauft under this mortgage. Mortgagor specificatly covenants, but not by way of limitation, that it and the association will abserve all of the provisions of said Dectaration of Condominium pertaining to msurance coverage. TOGETHEfi with all sc~uctures and improvements now and hereaher on said land and the fixtures attached thereto asid all rents, ~ssues, proceeds, and profits accruing and to acc~ue from said premises atl of which a~e included vrithin the foregang desc~iption and the haben lum hereof. Also all gas, steam, electric, water and other heating, cooking, refrigerating, lighting, plumbing, ve~tilating, irrigating, and power systems, machines, appliances, fiztures a~d appuite~ac-ces, which now w may hereafter pertain to a be used with, in or on said premises, even though they may be detached or detectwbte. IT IS MUTUALIY COVENANTE~ AND AGREE~ by and between the parties hereto that upon request of the Mortgagor, the Mortgage~e may hereafter, at it option, at anytirroe within ten (10) years from the date hereof and before full psyment of this mortgage and notes ~scured hereby, make fucther 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 totai amount of interest, shaU be secured by this mortgage anci shafl be evidenced by an additional note then unpaid, and the total amcwnt of indebtedness that may be secu~ed by this mortgage may decrease or increase trom time to time, but the total unpaid balance so secured at any one time shall not exc~ed the maximum pr'~ncipal sum of S 7 0 3 0 0. 0 0 , together with inte-est the~eon and any and all disburse~ne~ts made by the mortgagee for the payrr~eni of taxes, levies, or ~nsurance on the property covered by the lien oi this mortgage with interest on such disbursements at the rate specified '+n the note referred to in this mortgage, and for reasonable attorneys fees and court costs incurred in the collection of any or eN such sums of money. TO HAVE AND TO HOLO the same, together with the teneme~ts, hereditaments and appurte~ances, unto the Mortgegee, in fee simple. AND ttw Mortgagor does hereby covenant with the Mortgagee that he is indefeasibly seized Of said Isnd iA tee simpb; thit he het full pc~nrer and ~ewtut right to convey said land in fee simple as aforeseio; that it st~all be lawful for ~the Mortgagse at aN tintes peaceably and quietly to enter upon, hold, occupY a~d enjoy said land; that said lend is free from aN incumbrances; that he wil malce wch further assuranoes to protect the fee simple title to said Isnd in the Mortgagee as may reasonably be requKed; thst hs does .he~eby fuUy wsrrant tha titb to said land and wilt def end the same against the 18wful daims of all persons whort~soever. . '~~ 347 Pa~E 2~2~ *,'l7K ~ ~ s~~'~