HomeMy WebLinkAbout2586TAt~ I~Nr~w~M WM -rNo~ ~ \ ! /
S1"~a~$ ONIGHT I. COOL, ESQ.
(iUNSiE~ t-OAKIEY. ~R13ER i S1lWART
fint Neti~wel Me~ WildiM, lrl~ N~t#. IMri/~ »NO
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
~ `_rVCortqage Deed
THIS MORTGAGE INDENTURE executed this .~b{~ 9th day of Febr ua r y 19 A 1
by
PAUL R. BARGAR AND
VORMA M,. BARGAR, HIS WIFE
of the County of Palm Beach~ State of Florida. hereinafter called the "Mortgagor", which term as used in every instance shall
include the MortgagoPs 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 and/or plural~ and the
masculine andlor feminine and the ~atural andfor artiiicial persons, whenever and wherever the context so requires or admits,
as parties of the tirst pan, and HOME FEDERAI SAVINGS AND LOAN ASSOCIATION OF PALM BEACH. a corporation existing
under the laws ot the United States of America, hereinatter called the "Mortgagee", which term as used In every instance shall
include the Mortgagee's successors, legal representatives, and assigns, as party of the second part. •
WITNESSETH. That for diverse good and valuable considerations, and also in conside~ation of the aggregate sum of
money named in the Renegotiable Rate Promissory Note oi even date herewith, hereinafter described. the Mort~agor does
grant, ba~gain. sell. alien, ~emise, release. convey. and confirm unto the Mo~igagee, 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 .~ ~~~I E
State oi Florida, to-wit:
UI~IT 308 OF i'ARPON BAY YACH'I' CLUB C'ONDOMINIUM G, A:;CORUING TO THE
DECLARATIO:I OF COI~DOMINIUAi DA'I'EG DECE?-iBER 12, 1980; AND RECORDED IN
UFFICIAL RELGRD BOOK 345, PAGE ~058, PUBLIC RECOROS OF ST. ~UCIE
COUNTY, FLORIDA; TCGETHER WITH THE UNDIVIDED SHARE OF `I'HE COMMO~v
ELEME~iZS CI' TH~: CONDUr1INIUI-1 DE~LARED IN THE DECLARATION TO AE APPUR-
'PENANT 'i'HER~:TO; TUGETH~ER WITH ALL APPURTENANCES `!'HERETO, INCLUDING,
t~I'PHOUT LII-iITA`I'ION, THE RIGH'f OF EXCLUSIVE USE OF T~iOSE AR£AS, SPAi:ES
AND' PORTIOIvS OF COMMON ELEMENTS OF THE CONDO:~INIUM, DECLARED IN 'I'HE
GECLARATIO?~ OF CONDO~SINIGI: TO BE LIN,I'!'ED ~024MON I:LEt~ENTS OF THE UhI':.
- b~
- -- - Received ~ ~~~ ~in Peymeni O! Taxes
Du~ On Class "C" mta~pibl~ P~tsonaf PropWty,
~urwarn To Ch~ )1.1i~„ Ao1~ Ot 1a?t.
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TOGETHER with all structures and improvements now and hereafter on said land and the tixtures 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, 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 be detached or detachabte.
IT IS MUTUALLY COVENANTED AND AGREEO 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 tuther advances to the Mongagor 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-
debtedness that may be secured by ihis Mortgage may decrease or increase from time to time, but the total unpaid balance so
~ secured at any one time shall not exceed the manimum principal sum of S ~--~ ~t~, _ , together with interest
thereon and any and all disbursements made by the Mortgagee for the payment~~~'87c88;1~~fes, or insurance on the property
covered by the lien of this Mortgage with interest on such disbursements at the rate specified in the Note reterred to in this
' Mortgage. and for reasonable attomey's fees and cou~t costs incurred in the coltection of any or all of such sums of money.
TO HAVE AND TO HOLD the same, together with the teneme~ts. hereditaments and appurtenances, unto the Mottgagee,
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 tull power and lawful righ! to convey said Iand in fee simple as aforesaid; that it shall be lawful for th@ Mort~ages at all
times peaceably an~ quietly to enter upon, hold. occupy and enjoy said land; that said land ls iree from all InCrlmbrgnCes; that
he will make such turther assurances to protect the fee simple titie to said land in the Mortgagee as may teaaonably be re~
quired; that he doea hereby fully warrant the title to said land and will defend the same a~air~st the Inwful cl8lms of ~II persons
whomsoever.
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~~~x348 P~~E2584 .~ ~ .
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