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P O. Box 14036
North Palm Beach, FL 33408
COMMUN[TY SAVINGS. F.A.
ADJUSTABLE RATE MORTGAGE DEED
THISMORTGAGE INDENTL?REexecutedthis 25 dayuf J~'~Y , ~q 9~
b~
JOHN T. SKILES & ELIZABE~1 J. SKILF~, HIS WIFE
of the Count~• of PALM BEACH , State of ~ORIDIi hereinaftrr calied the 4lortgagor, which term as used in e~ery instancr shail in-
~lude the ~1ortgagor's heirs, executors, successors, legal representati~es, and assigns, induding all subsequent graotees, either voluntarilp by act of the parties,
ur in~oluntarily by operation of law and shall denote the singular and% or pfural, and the masculine and/or feminine and thz natural and/or artificial persons,
Hhene~•er and where~er the contezt so requires or admits, as parties of the first part, and CO`1~1UNITY SAYINGS, F.A., a corporation ezisting under the
~ IaNS of the United States of America, hereinafter called the ~1ortgagee, which term as used in e~er}~ instance shall include the ~tortgagee's successors, legal
represemati.es, and assigns, as party of the second part.
WlTNESSETH, Tha! for di~ers good and ~aluable considerations, and also in consideration of the aggregate sum of money named in the promisson•
nore of e~en dare hereNith, hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, come}~, and coniirm unto the Mortgagee, in
r;e simple, the following described real estate, of w~hich [he Mortgagor is now seized and possessed, and in actual possession, situate in the County of
, , State of Florida, to wit:
ST. LUCIE
,I
~ IAT 7, ST . LdJC I E WFST PLAT N0. 12 - THE HAMPTOI3 AT ST . LUC I E WFST,
i AOCORDING TO TI~ PLAT THERDOF, AS RDCORD~ IN PLAT BOOK 27, PAIGES
i 21,21A THROUGH 21B OF THE PUBLIC RDCORDS OF ST. L,LTCIE COUNTY,
` FIARIDA.
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TCX'.,FTHER with a!1 strucwres and impro~ements nox and hereaf[er on said land and the fixtures attached thereto and a~! rentc, issues, proceeds, and
profits accruing and !o accrue from said premises all of which are included uithin the foregoing description and the habendum hereof. Also all gas, steam,
electric, water and other heating, cooking, refrigerating, lighting, plumbing, ~entilating, irrigating, and pow~er systems, machines, appliances, fixwres and ap-
purtenances, which now or may hereafter pertain to or be used with, in or on said prem~ses, e~en though they may be detached or detachat~le.
IT IS MUTUALLY COVENANTED AND AGREED by and between the panies hereto that upon request of the Mortgagor, the Mortgagee may here-
after, at its option, at anytime within twenry (20) years (rom date hereof and before full payment of this mortgage and notes secured hercby, make further ad-
~ ancu to the htortgagor and am such further aJ~ances, with interest, shall be secured by this mortgage and shall be evidenced by an additionai note then un-
~ paid, and the total amount of indebtedness [hat may be secured by this mortgage may decrease or increase from time to time, but the total unpaid balance so
~ srcured at any one time shali not exceed the maximum principal sum or s 115,900.~~ . together with interest thereon and any and all
~ disbursements made by the Mortgagee for the payment of taxes, levies, or insurance on the property co~ered by the lien of this murtgage with interest on such
G disbursements at the rate specified in the noir referred to in this mortgage, and for reasonable attorney's feec and court costs incurred in the collection of any
~
or all of s~ch sums uf money.
P.ETI~RN TO ItiSTRUMFYT PREPARER
aoo~ ~75 PacE Q~2
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