HomeMy WebLinkAbout0921 This instrument was prepared by: ~
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~'repared By; 86 260
Robert A. Bursc~n , Esquire _~Qf ~h= L w f_fi~e~ofE~
67 So. FLd Hwy. ` •i1~reMk~k..Hnil~bfber
Stuart, FL 33497 - :
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COMMUNITY SAVINGS, F.A. ~
MORTGAGE DEED /1~
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THISMORTGACiE1NDENTUREexecutedthis 23.rd dayofJuri@ . ~9 86
by
JAMES A. McKAY AND JACQUELINE McKAY, his wife
of the County of St. Lucie . State of FlOr~dB ~ hereinafter callcd the Mortgagor, which term as used in cvcry instance shall in-
clude the Mortgagor's heirs, eaecutors, succcssors, legal representativa, and assigns, including all subsequent grantoes, either voluntarily by act of the parties,
or involuntarily by operation of law and shall drnote the singula~ and/or plural, and the mauuline and/or femini~e and the natural and/or artificial persons,
whenever and whrrever the contut so requira or admits, as parties of the first par[, and COMMUNITY SAV[NGS, F.A., a corporation ezisting under the
laws of the United Stata of America, hcreinafter calkd the Aiortgagce, v~hich term as used in every instance shall include the Mortgagee's succasors, kgal
representativa, and assigns, as party of the second part.
WITNESSE'fH, That foc divers good and ~aluabk considerations, and also in consideration of the aggregate sum of money named in rhe promissory
note of even date herewith, hcreinafter described, the Mortgagor docs grant, bargain, ull, alicn, remise, release, convey, and confirm unto the Mortgagee, in
Cee simple, the follovring described real atate, of which the Mortgagor is now uized and possased, and in actual possession, situate in the County of
St. LuCie . S~ate ot Florida, to wit:
Lot 6, Block 454, PORT ST. LUCIE, SECTION 10, according to the Plat thereof
as recorded in Plat Book 12. Page 49, of the public records of St.tLucie
County, Florida. ~
~=TATF F~J~I!:.s~_ :
t . D~C'JMEN7ARY%•=:_-.,..57AMF ?t.:' ~
c~ _ DEr'T ':)F itFVENUE~;o~i }w•, - - . .
- ;,N = d~~N30'BS ,t:~F?`--ry ~ i ~ ` t ~l..r r
3 ~.~.r
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~_•~d 0~Q In Paymern Oi T~ucas
- C ~lass "C" Int;.np~le Persvnal Property,
' i u-su: To Chapttr 71,134. ACls Of 1°„'7!.
s ROGER F~JtTfiA$ •
t Cirrk Cirr,,~"r± Lourt, S~ ~.UCIs, CO„ FJA.
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TOGFTHER with all strucwres and improvements now and hereafter on said land and the fixturec attached thereto and all rents, issues, procee:ic, and
profits accruing and to aarue from said premises all of which are included with~n the forego:ng description and the habendum hereof. Also all gas, ,~eam,
rlectric, water and other heating, cooking, rcfrigerating, lighting, plumbing, ~~entilating, irrigating, and power syuems, machines, appfiances, fixtures and ap-
purtenances, which now or may hereafter ~xrtain to or be used with, in or on said premises, e~en though they may be detached or detachabic.
IT IS MUTUALLY COVEIYANTED AND AGREED by and between the parties hereto that upon requat of the Mortgagor, the Mortgaget may here-
aEter, at its option, at anytime within twenty (20) years from date hereof and beforc full payment of this mortgage and no[es se~ured hercby, make further ad-
~ ~ anca to the Mortgagor and any such furtha advances, with intercst, shall be secured by this mortgage and shall be e~•idenced by an additional note then un-
;+aid, and thc total amount of indebtedness that may be secured by this mortgage may dccrease or increase from time to time, but the total unpaid balance so
secured at any one time shall not ezceed the maximum prin~tipal sum of S 53, 000. . together with :nterat thereon and any and all
disburuments made by the Mortgagee (or the payment of taxes, levies, or insurance on the property cove~ed by the lien of this mortgage with interest on such
disbursements at the rate speci~ed in the Note referred to in this mongage, and for reasonable attorney's fees and court costs incurred in the collectan of any
or all of such sums of money.
RFTI~R` T[~ Iti[lRt~~NtvT PR! NARFR
~OG~ 5U5 r; G[ J~e7
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