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This Instrument Was Pre~red By~ .
SUS""~ IEVINE. AfTY. RECORD AND ~E?~1RN T0:
8RJ~4D AND CASSEL SUS'.t! !_:.;c;-. ,~t7Y.
Suite 1033 ~ ~ ;.•,S;EI
25 West Flagle~ Street Sui~~ ti
Mami. Flaid, 33130 S~I~ ~ 25 ti~e;1 i i: gl~r Street
Niami, Fbr~da 33130 ~ .
-
1HIS MDRTC~E is execut~ed this 4th day of t~bruary, 1983, by JON RAUCH and NANCY T.
RAUCH, his wife and ROBERT S~.At~3S and BARB~RA STF.~lI~NS, his wife (hereinafter oollectively
the "Mortgagor" or "Oebtor"), wtbse address is Unit T~108, Avalon Beach Club, 355 South
Ocean Drive, Fort Pierce, Florida 33450, in favor of SAFRABANR, a Florida banking
corporation (hereinaft~er the "Mor~gagee" or "Secured Party" who~e address is 120 t~brth
Biacayne Boulevard, Miami, Florida 33132.'
IN QOt~ISIDBRATIoN of the aggregabe am set ~rth in that aertain Pramisa~ry t~bt~e herein-
aft,er deecribed, and to secure the payment•, of both principal and interest thereof, in
ac;o~rdanoe with the benus, pravisions ancl limitations of this M~rt~gage, and the performanoe
of the oovenants and agree+nents herein oontained, Mortgagor does hereby grant, bargain,
sell, alien, rerai~e, relea~e, oonvey, warrant, mortgage, pledge, assign, transfec and
confirm t~o the Nbrbgagee, in ~ee si~le, all that vertain property (the "Land") in St. Lucie
County, Florida, described as follows:
Tt~e Oor~dcminiw Parvel kno~wn as Onit TL108 and Cabana Unit rxnt~er C-11, in
AVAIAN BEA~CH CLUB, a Condominium, according to the Declaration of
Condaniniun tt~reof, recorded in Official R~ecords Book 390, Pages 2437
through 2519 of the Public Aao~rds of St. Uucie Oounty, Florida, as aaended
by l~aendment filed Jarwary 25, 1983, ar~d rsoorded in Official Records Book
392 at Pages 1478 through 1500, of the Public Aeoords of St. T~uc ie County, o0 0-
Florida. ~aa•~I} tn P.aymen! Oi Taxes
Re~lved ~
Due On Gass 1n.,-,•. °°c.s~aa; Pro7ertY.
Pursuant To ..n:. P.ccs iui i9i1.
TC)G~E1HE~2 WI~I: , .
. ,t..; : . , ~
A. All buildings, structures and improv~nents ~c?e~c~reafter on ~tt~e Land~
B. All appurt~enances, servitudes, rfghts~ ways, privileges, prescriptions,
accretions and advantages which in any way now or hereafter belong to or pertain to the
Land; and, all right, . title and interest of the Irbrtgagor, if any, raw awned or hereafter
acquired, in and to any land lying in the bed of any street, road, or avenue, open or
I' Prc~posed, in front of or adjoinicg the Land; ~ . .
C. All fixtures, equipoent, machinery, furniture and person~zl p~roperty oontair~d
j in, locat~ed on or appurt~enant to the Land whett~er or rot pernaaneptly affixed t~o the Land, or
` which may hereafter ~rom time to time be plaved thereon, ar~d any aooessions, substitutfons
~ or replaoeca~ents thereof; _ •
~ D. - All other interests of ev~ery kirxl arrd character which irbrtyagor now has or at
any time hereafter aoquires, in and tA the Lartid and, in ar~d to all property, tang ible and
intangible, which is uaed in oonnection with the operation of the Land including, but rat
1 imit~ed to, p~licfes of insuranoe, maintenanoe artid servive aontracts, water and sew~er allo- -
cations and lioenses and pern~its issued by go~ecrniental ~thorities, all abstracts of title,
building permits, a,rcv~eys, ergineerirg w~rk, architectural plans, engineering plans, oondo-
miniun docunents, payments and profits due or to become due under any c:ondaainium sales
contracts, relating to the Land now existing or hereafter obtained by or on behalf of
Mort,gagor; -
E. All rents, issues, prooeeds ar~d profits aocruirg ar~d to aocru~e frona the Lar~d;
all right, title and interest of NbrOgagor in and t,o all present and future Leases, written
or oral, and all agreements for use or oocupancy for any portfon of the Land, t~ogether with ~
any and all extensions and renewals thereof, guarantees of the performance thereof, and
together with the im~ediat~e and oontinuing right t,o'oolLect all of the present arid future
~ trents, incane, reveipts, rev~enues, issues and profits naw due ~ which may beoa~ due under
~ said Leases; pravided, hawev~er, that s~ long as an L~rent of Default (as hereafter defined)
, has not occurred, I~brtgagor sfiall h~av~e a lioense to eollect and receive all of the re~ts
assigned hereurxier; .
F. The monies escrawed in avoordanoe with the provisions of Section 8"Escrow
for Taxes and Insuranoe", of this Mortgage;
~ G. All awards hereaftrer made by virtue of any enerciee of the right of oondem--
nation or eainent cianain by any authority, includir~g any award for damage to or takfng of
title to the Land, or any part thereof, or the posaession thereof, or any right t~o any ease-
ment affectirg the Land ar appurtenant thereto (including any award fAr any c~~ange of grade
of streets) , and the prooeeds of all sales in lieu of oondecnnation; and
H. All inv~entAry, raw materials, wr~rk in pcooess, aooounts reoeivabLe, oontract
rights and general intangibles row or hereafter arising which naw or hereafter pertain ~ or
be used with, in or on the Land or any business operated the ~Q~ lg
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