HomeMy WebLinkAbout0768 I'ile No. ~9 J~)q 102 ~ 0 6 5 This instrumt~~t wa~ prcparrd by:
Prepared by: ' ~
Robert A. Burson, P.A. .
5) South Federal Highway
Stuart, FL 34994
Rl~lf~X
COMMUNITY SAViNG5~ F.A. -
ADJUSTABLE RATE MQRTGAGE DEED
TN:SfNORTGAGFINDENTUREerettutedthis 25th dayof J~u,3~ •19 90
h` IAREN DAVID HALL, a married man
of the County of St . Lucie • Ssas~ ~j Florida hcrrinaftrr callcd the Mortgagor, whi:h term as used in e~ery instancc shall in-
~lud~ the Mortgagar's heirs, executors, successors, legal reprtsentatives, and assigns, inciuding all subsequent grantees, either ?oluntarily bp act of the parties,
o r involuntarily by opcration of law and shall denote the singular and/or plural, and the masculine and/or feminine and the natural and/or artificial persons,
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++henever and wherever the context so requires or admits, as parties of the first part, and C01?1MUNITY SA~'INGS. F.A., a corparation existing under the
laws of the United Scates of America, hereinafter called ~he Mortgaget, which term as used in e~ery instance shall inrlude the Mortgagee's successors, lega!
reprcsentatives, and assigns, as party of the second part.
WITNESSFTH, Tha~ tor divers good and valuable considerations, and atso in consideration of the aggregate sum of money named in the promissary
notr of even datr herewith, hercinaRer described, the 111ortgagor does grant, bargain, sell, a6en, remise, release, cvmey, and confirm unto the Mortgagee, in
fee simpte, the foltowing described rea! atate, of which Ihe Mortgagor is now seized and pussessed, and in actual {wssession, situate in the County ol
Florida . Statc of Florida, to wit:
The West 1/2 of the East 1/2 of the Northwest 1/4 of the Southeast 1/4 of the
Sc~uthw+est 1/4 0- Section 9, Tcx~mship 35 South, Range 39 East,
less Road Righ~ of Way, all situate in St.Lucie County, Florida.
Mortgagor warrants that the foregoing property is vacant and unimproved ,
land and ?s no~ the hanestead of the martgagors who resides at
1040 Pulitzer Rc~ad, Ft. Pierce, FL 34945.
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TOGETHER with all ctructures and impro~ements now and hereafter an s~id Iand and the fitture. atta~hed thereto and aU rents, ~ssu:i, proceeds, anJ
~rofits accruing and to accrue from said premises al! o( which are included within the forego~ng de~cri~tion and the habendum hereoi. Ai~o all gas, steam,
eleieric, µater and other h~atirg, cooking, refrigerating, iighting, pl~mbing, ~entilating, irr~gating, and power cysrems, machines, appl~ances, fi~~ures and ap-
p~rlenances. ~hich now or may hereafter pertain to or be used with, in or on said premises, eten though thep m3y be detached or detachable.
IT IS MI~TUALLY COVENANTED AND AGREED by and between the parties hereto that upon rcquest of the Mortgagor, the Mongagee may here-
a(ier, at its opiion, at anytime within twenty (20} years from date hercv~and before full payment of this mortgage and notes ucured hercby, make further acf-
vances to tht Mortgagor erui anY such furthtr ad~anets, with interest, shall be secured by this mortgage and shall be e~idenced by an additional note then un-
paid, and the total amount of indebtedness that may bt secured by this mortgage may decrease or increax (rom time to time, but the t~tal unpaid balance so
~ecured ac any~ onc time shal! not exceed the maximum principal sum ot S 80,~~~.~0 . together with interest thereon and any and all
disbursemertts made by the Mortgagte for the payment of tues, levies, or insurance on the property covored by the lien of this mortgago with interest on such
disbursements at the raie specified in the note referred to in this mongage, and for reasonable attorney's fees and coun costs incurred in the cotiection of any
or all of such sums of ineney.
RETURN TO INSTRI;NE!vT PREPARER
eoo~ 675 PacE 7~~
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