HomeMy WebLinkAbout1503 File No. g9 72g 1022402
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Add Fae = S~ Lnci~ Cc~anty
- D'c '^ax i -1s~'•? " Clerk of
~ Court
or rur. I aw OYF'11:E UY ~ft Ta~c O_H'~ By
_ ,s~ I~E~uty Cl
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ROBERT A. BURSON, P.A.
P. 0. Box 95-1620
67 South Federal Highway
Stuart, FL 34995
COMMUNII'Y SAVINGS, F.A.
ADJUSTABLE RATE MORTGAGE DEED
THISMORTGAGEINDENTUREexecutedthis 3~~1 da~•of Ja11118iY ,i9 9O
by
DANIEL G. C~ORGITCxT AND C~IIVIE G. C~RGI'DON, his wife
of the County of St. LUCle . State of Florida hereinafter calied the hlortgagor, which term as used in every instance shall in-
clude the Mortgagor's hcirs, c~ecutors, succcssors, legal rcpresentatives, an~ assigns, inciuding all subsequent grantecs, ei[her ~oluntarily by act oithe partia,
or involuntarily by operation of law and shall denote the singular and: or plural, and the masculine and/or femioine and the natural and/or artificial persons,
whene~er and wherever the context so requires or admits, as parties of the first part, and CODIMUMTY SAVINGS, F.A., a curporation existing under the
laws of the United States of America, hereinafter called thr :~tortgagee, which term as used in e~•ery instance shall indude [he tilortgagee's successors, legal
representatives, and assigns, as party of ~he second part.
WITNESSETN, That (or divers good and valuabte considerations, and also in consideration of the aggregate sum of money named in the promissory
note of even date herewith, hereinafter described, tht Mortgagor does grant, bargain, sell, alien, remise, release, convty, and confirin unto the Mortgagee, in
fee simple, the following described reaf estate, of which the htortgagor is now seized and possessed, and in actual possession, situate in the County of
St. Lucie . State of Florida, to wi::
Lot 1 and the North 50 feet of Lot 2, of J. ALBEAT FIS~IERS PROP'ERTY, according
to the plat th~reof recorded in Plat book 4, Page 92, public ~
E records of St. Lucie County, Florida, Section 36, Tawnship35 South,
~ Range 40 East, in St. Lucie County, Florida. '
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~ TOGETNER with all structures and impro~ements now and hereafter on said land and the fixtura attachtd thereto and all rents, issues, proceeds, and
profits accruing and to accrue (rom said premises all of which are includM within the foregoing description and the habendum hereof. Also all gas, steam,
' t{GM(if, water and other hrating, cooking, refrigerating, tighting, plumbing, ventilating, irrigating, and power systems, machines, appl~ances, fixtura and ap-
purtenances, which naw or may hercafter pertain ro or be used with, in or on said premises, even though they may be detached or detachable.
' IT IS MUTUALLY COVENANTED AND AGREED by and betwern the parties hercto that upon requcst of the Mortgagor, the Mortgagee may here-
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~ after, at its option, at anytime within twenty (20) years from date hereof and beforc full payment of this mortgage and notes secured hereby, make further ad-
~ ~~ances to the Atort a or and an such further ad~ances, with interest, shall be secured by this mort
B 6 Y gage and shall be evidonced by an additional note then un-
g paid, and the total amount of indebtednas that may be secured by this mortgage may decrease or increase from time to time, but the total unpaid balance so
secured at anq one time shall no[ excetd the maximum principal sum of S 8Q~~~. ~0 , together with interest thereon and any and all
~ disbursements made by the Mortgagee for the payment of taxes, levies, or insurancc on the properly co.•ered by the lien of this m~rtgage with interat on such
~ disbursements at the rate spcrified in the nute referred to in this mortgagt, and for reasonabk attorney's fees and court costs incurred in the collectan of any
~ or all of such sums of money.
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SO~ RETURN TO INSTRUMFAfT PREPARER
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