HomeMy WebLinkAbout0974 18~~~~
THIS INDENTURE. AMd~ th~ ~ 5t+h day pf ~cember . A.D. 19
69 betw~sn ~
Louis J. Gizzi and Josephine Gizzi, his fe , ~
\ of St+. Lucie Cpynty Fbrida, Mr~in~hK dHiqn+ted ~s the "MORTGAGOR;' and FIRST fEDERAI SAVINGS ANO IOAN ~
• ASSOCUTION OF fORT PIERCE. ~ oaporation orp~ois~d u~d ~zistiny undN tM laws of tM United Stata of Am~riu ~nd Mvinp its principal plau of
businus M tM City of FoA Pi~rce. S1. luci~ County, Florida. Mninaft~r desipnat~d a tM "MQRT~'aA~EE~
WHERE/1S tM MORTGAGOR ts ~atly ind~tt~d 1o tM MORTGAGEE in 1M sum of i ~ I~~V~~ 9ood and lawful money of the United
Stet~s advanced by 1M MORTG~AGEE unlo th~ MORTGAGOR, +s evidenced by a cKtain promissory oot~ of even date herewith, of which the followin~ in
~ wordi and fiyvns is a t?w topY. fo-wil: 16 1~
~ z 19.200.00 ~ Pk?p. F~o.~.. December 15, ~ 19 69
~ For v+iw ~~ceived, 1, we or eitha of us, pro~nis~ to pay, without dsfalc~tion, to the orde~ of FIRST fEDERAL VINGS ANO LOAN ASSOCIA?ION OF
~ FORT PIERCE af Fat Piaru, Flaida, 1M svm of = ~ 9~2~•~ - with interest from date af tl~e rate of~•~ % pN annum, in monthly install-
3- ments as follows: ~ ~ 61 oe ths ~~t'h daY of Ap~l 19J
~ and a like sum the correspondinp day of each month therr
' efter until the whola bs fully paid.
~ E+ch installment fint shall bt applied i~ payment of tFa interest and then on the unpaid balance of the principal wm. If defsult is rt?sde tn the
~ paymeM of sny instatlmant wAen dw, and wch defauh continues 30 days, then at the option of the holder, +nd without any other notice, alI the ~emaining
installm~r~b stall be dw and payable sf oncs. Privile9e is yiven to prepaY this rate in whok w in psrt at ~ny time without penalty. Neithtr forebearante.
e no. saeptance by the holder tF+ereof after aoy default in ~ny paymenn hereon, shsll be deemed extenia~. A late paymer+t chugs of 8•0 shall be
~ added to each installmcnt remsinirg unpaid T days afier its dw d~te, and a like sum fhall be added to esch such installment remsining unpsid 7 days after
3 each succ~edir?y p~ymmt d~te.
Esch maker, surety and eodorter hereof, jointly and severally, waives ckmand, presentment protest and notice of protctt fw nonpayment, and funher
agrees ro ~ny extension of time of payment, either before w after maturiry, without notice to any of us; and to psy all costs of collection, incl~ding a
reasonabk attorney's fee in the event of sny defsult he?eunde?, and hereby severally waives all benefit of homestead a~d eaemption under the constitution
and laws of each State of the United States, as against thi~ obligatan or any eztertsion w rencwal hereof.
Witness ths hand and ual of each party.
~ /s/ s J. izz ~ _
cs~?u ` _ -
s Jose h Gi $ , ~
~1a.8o
( ~ Srah Revenw
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NOW, THEREFORE, the MORTGAGOR for the pu~pose of securing p~yment of said swn of = ~ 9~ 2~' ~ , and the performsnce of the
covenants and agracmenri herei~after e:preued. ~nd fw ~vers pood ~nd wlwble consider~tans, by the~e p?esents, does g~aM, barysin, ~ sell, remise,
release, conve confy'
m unto th~ MORTGAGEE, iri succeuors ~nd assiqn~, ~0 that urtain lot, pieae or pucel of lu~d, sitwte, lyinp, and beiny in tla
Coumy of Y~t•• LL1C~@ and Stat~ of F{otid~, titurib~d as fdlows:
Lot 11, ffiock 63, River Park, Unit as per plat thereof
on file in Plat Book 12, Page 41 and 1~1 A of the Public
Records of St. Iucie County, FZorida,
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~ together with all ~nd sinyular tM ter»ments, haadit+ments and ~PPurt+^ces tlwrew+to b~lorgirg a a: anywise .cpertaln np thaeb. +nd all renn, issw~ (
proceeds and profin aaruErg and ro accrw from said PrKnaes, all of whid? u~ includad in ths ~bove ad forp.w+p de. T~+ion snd h+beedwn. ~
~ TO NAVE AMO Q HOLD tM ~bow d~scrib~d and yr~nted premis~s unto the s+id AAORTGAGEE, iri so~o~swrs and assip ~s fon.w. Md the s~fd
~ AhORTG~~'sOR a~h~eir Min. ~xecvton. ~dminisfrators ~nd ~aiyns. Mr~by ooven~nb with tM s~id JYKVtTGAGF ~ its suaessor. ~ssipro,
~ that hep Iswfvlly saud of tFw said pnrr~aea in fN simplst that tFK ums ~r~ frM, dear u~d d?-~w~yed from alt Ifens and ~ncvro-
~ brances in law or i~ puity, and tlu* they will and their f+ein shall wsnsnt ~nd d~f~~d the titl~ to the ~arn~ to th~ sald
~ MORTGAGEE, its successors and ~ssgro. faever s~airnt th~ lawful claims and demand~ of al) pNSOroj
PROVIDED, /1LWAY5 that ff tht INORTGAGOR shall pay uMO tM 1MORTGAGEE th~ promissory tatt bu~inbefw~ ~lesuibed and ~h+ll truly, promptiy ~
- and fullY perfwm, diuh+r~, ex~cvte, eanplete, comply wlth ~~d a~e by ~ad~ and ewry tl+s stiqrbtions. aprkmr.n, ca?ditioro and tov~nanb of s+id .
promiswry note and of this Mwt9~pe, then this AhortQ~ ~~d the Est~te b~nby ueated sh~ll ceak and be .nd void. ~
IT IS UNDERSTOOD tFwt tM word "Mwtyspw" whrthK in tM sinpular or plwal anywi~s« in this Morty+pe, thall be sinpulu if on~ or?ly ~nd
shdl be plwal io&dly u~d tev~r~lly if mor~ tMn on~. ~nd th~t tM word °tMi?" a uwd +eywMn in this Mort9ap~ shall b~ taken to mesn "hn,•• •'hen; • .
w"ib.° wh~wsr th~ cont~xt w irnplies w admits. Also, rha~ wl~erev.. rhen is a nferenc. in rh. cov.nann and .pre.menn her•in aom•ined to u~y of - ~
s rhe parties Mrdo, tht sarr» sF?+II b~ c«anued to me~n as vwll u tlw Min. ~W+1 r~pns~nbtiws, wa~ssors ~nd aui~ro (eNh~r volvntary by ad of tht
~ panip or involuntary by op~r+tion of tiw law) of the saen~ and thst the covemMS hKeFn co~tsimd sh~ll bind and ths beasfits ~nd adv~nta~a imx~
~ fo the rssp~ctiw hein. I~y+l nprewntativ~s, wa.~s~on snd ssiryns of th~ ps~ti~s h~reta
Md said Mortypas, for thems~M~s ~nd th~ir Mira, leyd npnsentstivss, woasiws and aui~ru, F+er~bY Iointly and swerally covsnant ~nd ~pr~e
to ~nd with th~ ~aid MORTGAGEE, its waessors ~rd sssipru:
~ 1. To pay dl and sinpular th~ princ:pal and imerest and the v~riovs ~nd svndry swns of moMy paY+ble by virtue of said promissory not~, and N~is
K morty+y~• wc1? and w~y. Pra^P?ly on tFw dayi nsp~etively tht sarm swtrally bca~w dw.
2. To pay sfl and sinpular the taz~s, assaun~nb. Iwies, liabiliti~s, oblipatiora and encurt~branca d ewry natun and kind now on aaid des«~»d
" property, a thn Mr~~hw may b~ Ynpowd, wffend. P~+ad, kvied, a awwd tMr~on, a tMt Mr~aR~r may b Iwi~d a aisess~d vpon N~is Mor1p-
+~e, a th~ indeb~~dnea s~wnd her~by. ~ad~ and ~wry, wh~n dw s~+d pay~bb. aocwdiny to I~w, b~fon they b~conr delinqwnt, and befo~~ ~ny kNenst
~s attathet or any pcnalty ts incwred; AND INSOfAR AS ANY TNEREOf IS Of RKORD THE SAME SNALL dE PROMPTLY SATISf1E0 AND DISCHARGED OF
RKORD ANO THE ORIGINAI OffICIAI DOCUMEM (SIJCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFfIC1AlLY ENDORSED
~ OR CERTIf1ED) SHALI dE PUCEO IN THE HANDS OF SAID MORTGAGEE WITMIN TEN DAYS NEXT AFTER PAYMENT; and in tF~ event th~t any tlxr~of is not
~ paid, sat:sfiad ~nd dixhuped sa~d 1NORTGACsEE may at ~ny time pay tia sarn~ or any psrt the~~of witFw~t w+ivirg a ~ffectinp any optia+, lien, equity or
•~qht vnder w by virtue of this mortyay~ ~nd tM full arr~ovi?t of each and ~very wch p~yment slull b~ Ynmsdiat~ly dw and payable and ahall b~u i~+t~rest
M ~.om the dat~ thereof until paid at r~t~ of ni~e pe~ untum pa~ a~rwm ~nd topetMr with wch int II ~ ed by the lien of th:t morytay~.
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