HomeMy WebLinkAbout0641~. m.aw~en~ M-.. ~,.rea by: • ~ /
a516306 Robert 11. Burson/pk
of tbe Lw Offtoe of
CROMWELI. ~ RBMSSN
Flnt Martne Bsok Buildio~ 9th F1oor
l001 Brwdway
Rlviea Be~ch. F1o~ida 3.'i40~
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES
RENEGOTIABLE RATE MORTGAGE DEED ~
TH1S MOR1'GACE INDENTURF. acecuoed thLs 6th ~y °E Febraary ' 1981 '
~r JANES RICNARD BSNRES and Tfi-ILA JSANS BEHRES, his wffe.
o: the Couaty of St. Luc~e . State of Floz'ida ~reinahe~ caUed tha I-fortgagor, w6ich tean as used in every in-
,tance shtll iaclucle the ~tortgagor's heirs, executors, suooexsors, legal representati~~es. and assigns. including aII rulxsequent grantees~ either
. oluataiily by act of the pacties, or Involuatarily by operatioa ~ 1aw and stwll denote the siagular and/or plural, and ehe masniline aad/or
femuiine anci the nat~ral and/or artificial persoas. whenever and wherever the conte~t so requires or admits. as pa~ties of the first part, and
C0~IMUNITY FEDERAL SAVINCS AND LOAN ASSOCIAITON OF THE YAI.A1 BEACHES, a corporation ezisting under the Iaws af tbe
l'nited States of America, hereinalter called tbe Mortgagee, which tonn as LLced in every instance shall include the ~tortgagce's succ~essors,
leKa) iepresentatives. and assigns. as party of t6e sccond part.
WITNESSETIi, That for dit~ers gual and valuable cauiderationc, ancl aLso in consideration of the a~regate sum of nwney named
iu the promissory note ~ even date herewith. hereinafter described. the I~fortgagor dces grant, bargain, sell, alicn, remise, release, com~ey.
.~n.l confinn unto the Mortgagce, in fee simple. the following described real estate, of which the Atortga~or is now scized and possessetil,
:uKi in actual possession, aituate in the County o£ St. Lueie , State of Florida, to wlt: - -
Lot 15, B1ock 188, SOUTH PORT ST. LUCIE UNIT FOURTEEN, acoording
to the Plat thereof, as recorded in P1at Book 16,'Pages 29 and
29A through 29C, of the Public Records of St. Lucie County, Florida.
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Rece'~ved ~ /~3 ~ ~O~-+ PaYment ~N 7axe=
Oue On C~ass "C" Intangible Persona~ pro~w•t~r:
pu~suant To Chapter 71. ! 34. Acts O~ ~~.
ROGER POITRAS~
~:~w.S C~rcuit Court, St. L~c~e, Co., Fis.
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TOGEMiEH with all structures and 'unpro~•ements now and hereafter un said land and the (iztures attached themto and all rents,
i~.,ues, proceeds, and profits accruing and to accrue from said premises all of which are included within the foregoing descriptian and the
6aberxlum hereof. Also all gas, steam, electric, water and other heating, cooking, reErigerating, lighting, plumbing, ~•entilating, irrigating,
:~nd power systems, machines, appliances, fiutures ancl appurtenanc~es, whK~h now or may hereafter pertain to or be ~uc~i with, in or on said
prr~mises, even thougfi they may be detached or detachabk.
iT IS ~tUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon reyuest of the Mortgagor, the Mort-
_agee may hereafter, at its option, at anytime within tw~eaty (20) years from date hereof and before full payment of this mottgage
,~ncl notes secured hereby, make further advanoes to tLe ~lort~agor and any such further advaoces, with interest, shall be secured by th£s
i~wrtgage and s1w11 be evidenoed by an additional note thea tmpaid. and the total amount of jndebtedness that uwy be secured by tLis mort-
~age may decrease or Increase from time to time, but tbe tntal unpaid balance so secured at any oae time shall iwt ~ceed the muimum
principal sum of i 77, 900. 00 ,~ with intenst thereun and any and all disbursemcnb made by the Mortgagee for t6e pay-
~nent of tues, levies, or insurance on the property covered by the lien ~ th£s mortgage wit6.intcrest oa s~cb disbursements at tbe ratc spec~-
fieil in tbe note referrcd to in this mort8a8e, and for reasooable attorney's fees and rnart oosts incurred in the rnlkctioo of any or all d
.uch s~ms of rrwney.
g~~~~~ Fb~ ~~ pF.TUR1 TO l~STRIiAlEWT PREPARER
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