HomeMy WebLinkAbout0969 _ ~ ~ j ~ , ,
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. This instrument was prepared by: 1(
86 394 +
Prepared by:
. Robert A. Burson, Esquire or ~hc 1.aw otra or
67 South Federal Highway ~~~sm~'~~
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Stuart, Florida 33497 zvorBrba=awg9'° ~
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COMMUNITY SAVINGS, F.A.
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ADJU~TABLE ItATE MORTGAGE DEED ~
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THISMORTGAGEINDENTUREextcutedthis ~riC~ dayof September ,19 86 ~
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by
CONEY ISLAND RESTAURANT, INC., a New York Corporation, with its principal office and ~
place of busxness at 37 West Main Street, Middletown, New York ~
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of the County of Ordrig6 , Statc of NG'W YOZ'k hcreinafter called the Mortgagor, which term as used in every instance shall in- ~
clude the Mortgagor's heirs, executors, successors, legal representatives, and assigns, including all subsequent grantees, either voluntarily by act oC the parties,
or involuntarily by operation of law and shall denote the singular and/or plural, and the masculine and/or feminine and the natural and/or artificial persons,
whenever and wherever the context so requires er admits, as parties of the first part, and CUMAIUNITY SAVINGS, F.A., a corporation existing under the
law•s of the United Statts o[ America, hereinafter called the hlortgagee, which term az used in every instance shall include che MorEgagee's successors, legal
rcpresentatives, and assigns, as parry of the second part. ,
WITNESSETH, That for di~•ers good and valuable considerations, and also in consideration of the aggregate sum oC money named in the promissory
note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, convey, and conferm unto the Mortgagee, in
fet simple, the fo0owing described real atate, of which the Mortgagor is now seized and possessecl, and in actual possessian, situate in the County of
~ St. L11Cie . State of Florida, to wit: _
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Unit 704, HUTCHINSON ISLAND CLUB, a Condominium, according to the Declaration of
Condominium thereof as recorded in Official Records Book 254, Page 2128, et seq. and
~ amended Declaration of Condominium as recorded in Official Records Book 257,
~ Page 674, et seq. and Second Amendment to Declaration of Condominium as
~ recorded in Official Records Book 262, Page 2033, of the Public Recorcls of
~ St. Lucie County, Florida, Third Amendment as recorded at Official Records Book
306, Page 396, and Fourth Amendment as recorded at Official Record Book 306, Page
? 401, St. Lucie County , Florida, public records, together with cott~on elements
~ and limited couenon elements thereof; together with all tenements,hereditaments,
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and appurtenances thereunto belon~ing or in anywise appertaining. z
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_ ,Er'-a'e~ ~~-F-~ `J. ~ . . Received _ tn Peymsnt Of Taxss
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- V-~- ( Dus On C°ass ir~'aa ibe Personal Property~
= Pi1r5.iu(li i0 i::~:.~. cr li-l, ~tCis Of 1971.
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1 ; ~ ; r'. , c'erF: circui: court, st, Lucie, Cu 'F18,
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~ TOGETHER with all swctura and improvements now and hereafter on said land and the fiztura attached thercto and a!t rents, issues, proceeds, and
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profits accruing and to acerue from said premises all of which are included within the foregoing dexription and thc habendum hertof. Also a!I gas, steam, ~
ekctric, water and other heating, cooking, refriaerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, appliances, fiztures and ap- ~
purtenances, which now or may hereafter pertain to or be used with, in or on said premiscs, even though they may be detached or detachable.
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~ IT IS MU7"1JALLY COVENANTED AND AGREED by and between the parties hercto that upon requat of the Mongagor, the Mortgagee may here-
after, at its option, at anytime within twenty (20) years from date hereof and before (ull payment of thes mortgage and notes sccured hereby, make further ad-
vanas to the Mortgagor and any such further advances, with interest, shall be secured by this morigage and shall be evidenced by an additional note iher un-
paid, and the total amount of indebtednas that may be secured by this mortgage may decreau or inerease from time to timq but the total unpaid balance so
secured at any one time shall not excetd the maximum princi 1 sum of S , together with interest thereon and any and a11
~ 87,500.00
~ n disbursements made by the Mortgaga for the paymrnt of taxes, levies, or insurance on the propeny coverec! by the lien of this mortgage with interat on such
disbursements at the rate specificd in the note «ferred 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.
RE7URN TO INSTRUMENT PREPARER
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