HomeMy WebLinkAbout1374 21'7~11~ `
THIS INDENTURE, Made ~he__ 2~'b day of _ ~~~~r A.D. 19~1s~, between
_ Patrick E. l~ilano and Batih~r R. lsilano, bie wite .
of S~• +WQie ~ounty Flwid~, hereinafter tlesi3nsred as the "MORTGAGOR." a~~d FIRST FEDERAI SAVI"1G5 AND IOAN
ASSOCIATION OF FORT PIERCE, s torporat~on oryanized and exiiting under the iaws of the United Sraios of Arnerica and hav~ng its principal piate of
b~s~neas in the City of Fprt pitrc~, SI. lucis County, Florida, hcreinafter design~ted as ths ~"~MORTG.~GEE."
WHfREAS th~ MORIGAGOR i~ jwtfy indebted to the MORTGAGEE in Me svm of S.._LL~!~ guod ar.d tawful money bi ~he Un trd
States ad~an:~d by the 610RTGAGEE unto the MORTGAGOR, as ev~drnced by a.e~:am promiuoty note of e.en date hc~ewnh, of wh~ch the fo~lovving in
nords and figures is a trus copy, to-wit:
:t9,600.00 ~ 3-17,457
Fort Pierce. florida. `~~'~T 27 19_L!
Fw value receivcd, 1, we or either of us: prom'~spe toL pay, wifhow defalcaf~on, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIAT10~1 O~
F`~RT PIERCE at Fort ~~erce, Florida, the wm of S-!~LV~'~_~_- w~~h ~nrr~esr fro+n date at tnc rate of 7~; per ann~m, in monshly insrall-
^entS as fol!Ows: S ~ on the ~ a~ day of Fd~~a~ !9_ _T?__ and a I~ke sum an the cwrespond:ng day of each mon~h tfiere-
j'ier ~ntil the whoEe be fully paid. 2
Each instaliment first shaH ba appfied in payment ~f the imerest and ~hen on fhe unpn~d balance u( the pcir.c'pal sum. If d aull is made in the =
,~~m~nt of any instaL'mznt when due, and such defauh conunues 30 days, then a! tne opt~~n of the ho~der, and without any other noN~e, all the remain~ng
,,ataflmenn shall be due and payable at once. ~riviiege ~s given to prepay this note in whole or in part ar any nme wiry~~ut prna!ty. Nei~her ~fo+rebearance,
nor acceptan~t by t:~ ho(drr thereof aftrr any defau~t i~ any payments hereon, shal! be deemed earens~en. A la+c pay~r.enr charge of S_ sha~l be
=:idrd to each instadment remaining unpa~d 7 days aher its due date, and a I,ke sum shall be added to each s~ch ~nstalimeM ~emaining ~npaid 7 days after ~
each sucteedirg payme~t dare. ~ ~
Each maker, wrety and endoner her~of, jo~Nly and severaily, wa+vea demand, p~esenrment protest and ror~ce of p~otest for nonFayment, and iurther ~
~~•ees fo any exten~ioa of tm,e ot payment, e~rher betore or after matunty, without na~ce to any of ~s; a~~d to pay atI costt of coifcction, inciud:ng a
~~~sonabie atrorney's fee in the eveM of a~y default hereundrr, and hereby se~erally wa~ves atl benef~t of homes+cad and eaempt~u~ under the constitutio~
r- d laws of each Srate oF rhe Umted Stares, as aga;nsf this obl~gahon or any extrns~o~ o• renewa! hereof.
Witne~s the hand arsd se~l of each pa~t~, #
s~ ~ltrl'~Ck B• ~aDO (SEAI)
' • ISEAt) 4
_ a Eather x• ~ZSIIO ($EAl) ~
° ~9•~0 (SEAL)
) Stste Revenue
- `~+w~lwieeFie~eRe~igwnl~~eld
: p
- NOW, THEREFORE, fhe MORTGAGOR iw the purpose of securing paym~nt of said tium of s ~j and the performance of the
~ covenants and sgreements hrreinafter rxpressed, and for d;~ers good and valuable considerat~ons, by thrse presents, does g.ant, bar9ain, setl. rem~se,
•elease, convey and confirm unfo the MORiGAGEE, its wtteswrs and asaigns, all Jhat certsin lot, piece w parcel of land, situate, lying, and being i~ the
~ St I~nci~ F
Couny of • and State of Florida, described as follows:
_
Irot 5, Hlock 78, E~SS P~RL, OITI? 9-C, aa per pla~ thereof on file in Plat
~
~ Book 15, Page 28;28J1, of the Pablic Rscorda ot St. I,t~ie Couat~, !'lorida
~
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A r~~E,ver i~~ ~ i
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3 ~ xt ia~~i J ~ ' ; 2 9 ~ p ~ r..~^ ~ ~ eF .s~i.
p = _ R i';, A . , r. i.rr~ ! ~c;1't • i
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_ N L(:T.r,f ~t~(kitE r ~i ~h~YiL~ h. ri~ ~iiLL~S, ~~4. ~
_ F?g. ~vo?~z = St LL.re fcur.t~ i:x Lo!lE~tot ~
By ~tl~C~.,%
~,n c~x
~ togethtr with af( and iingut~r the t~nemenh, her~ditament~ and appuatances rhereunto belonying w in anywiu sppen~ining tFxrero, and aU rents, iuuts,
' o~oceeds and pro~~ts accrui~y and to acuue frcro sa~d premises, all of which are inctuded in the ~bove and foreqoing deu~iption ~nd Mbendum.
- 10 FiAVE ANO Tp fiplD the ~bove deuribed artd gr~nted premisea unto the said MOitiGAGEE, its successws and assiqns (orevt?. And tl+~ said F
` MORTGi~R for heirs, executors, administrato+~ snd ass~gna, hereby covenants with the s~id MORTGAGEf, its •ucceswn ~nd ~uiy~s,
y ~hat ----I lawfully se~zed of the sa7d prcm~s~s in fee •impls; that the same •re free, clear snd d~aharged f~om •1! liens N+d encum-
brances in I~w or in equity, snd that t~~ witl and ~dir heirs th~ll wanan? end dslend tM title to the ume to f1+~ uid
- MORTGAGfE, its successora ind au~gnf, fwever afl~inst the lawful cla~ms and demands of sll person~;
: PROVIpED, ALWAYS tMt if ttx MORTGAGOR ahall unto the MORTGAGEE the ' ~
_ P+Y p~om~~swy note here~noefore deur~bed and shal) huly, promptly ;
and fulfy perform, d~uMry~, execute, complere, comply w;th snd ~b~de by each and every the sripute~ions, agre~mcnts, co.~dition~ ?nd cavenants ot s~~d p
_ prom~isory nore +nd of this MortQ~ga ~Mn fhii Mwtysge ~nd the Est~ee hereby ueated shall cease and be null •nd vo~d. ;
_ j
_ IT IS UNDERSTOpp ihat fhe wo~d "Mortfla9or" whNher in the s~ngular or plural ~nywher~ in th~t Mortyage, shall be tin9ufar if on~ only and
< sh~ll b~ plurd 'piMly and sevsrafly if mwe than one, and that the wad "their" af uud ~nywhere in th~s Mo~~9aye shatl be taken to me~n "Ais.•• ,.hsn.. `
z or "ib," wherever the conte~t so impleet a admifs. A~so, th~t wherever there is ~ reference i~ the cove~ants and sy~ecm:nb herein contained to ~ny of ~
~ t!K p~rti„ h~r~to, tM _-.-:~r~ed ro mean af well a~ ths heirs, legal rep~esent~?iref, succeasas and ~saiyns (either roluntary by ~ct of th~
_ p~rri~s w irtvolunr~ry by opera~an of the tawi of ~he aame a~d thar tRe covenanrs he~ein tonrairaed sh~ll bind ind rAs berref;b ~nd advantayK inure
_ ro the respecfiv~ h~in, 1e9a1 repretentatives, successon ~nd a»~qns of th~ parties hereto. ~
_ And uid Ntorty~on, fw rhems~elvp ~nd their he~rs, legal represent~tives, ~uccessof+ and +tis~ns, hereby ~o~ntty •nd aever~Ily covenant and ~yree
to and with 1Fw t~7d MORTGAGEE. ~ts successws ~ncf asiyns: ~
- 1. To •II •nd si ular tFK rinc~ al and imerest ~ad the var~ous and sund sum~ of mone ~
WY ~ P P ry y payabl~ by v~rrue of ssid prom~ssory no!t, and ?h~~
mony+~, ~ach snd ~very, promptly o~ tFk days ?e~pectively the iame uverslly become d~e_
- 4. To pay •11 and si~ulir the t~Yes. assessm~nts, :svief, liabilities, obli9ations ~rtd encumbrances of every r+a+ure and k~nd now on s~id dtxfib~d
pop~rty, w tMt Mre~ft~r msy b~ imposed, sufiered. Pl~ced, tevied, or •sussed therep~, er that hereafter may bt levied p asieste0 upon thFS Mptp-
ap~, w t}~t i~xleb+edn~ss secvred hereby, eac!? ~nd ~vay, when dv~ •nd pay~ble. xcord~n9 to law, befae they become delinquent, a~d befor~ sny intrre~t
= anachef w any penairy is inturred; ANp INSpfAR AS AhY TH~REOf I$ OF RKORp THE 5~?Mf SHAII 8E PROMPiIV SAtISFlEO ANp OfSCHAQGE~ Of
RECORD AND THE QRIGtNAt OfffClAl DOCt1MENT (SUCH A5. FOR lNSTANtE, iHE TAX RECEIPI OR THE SAiiSFACT~pN PAPER OFFICIAttY ENDORSFD
_ OR CERTIFIFD) SNAtI Sf ~IACED IN THE HANOS OF SA10 MORTGAGEE W11HIN T~N DAYS NEXT AFTER VAYMENT; and in ehe ~v~m that •ny tixreof ii rtot
prd, s~t sf+ed and dixhargcd sa d MORIGAGEE may at •ny r,me pay ~he same w any part the~eof w~rh~~t warv~ng or affec~in~ ~~y opt,on, li~n, equ~ty a
_ •~ah~ unde~ w by vnrve of tAis rno:~gaye •nd the f~ll amount of cuh •nd every iuch payment shafl ~,mmed~ately dc,e and pay~b~e a~d shall ~ar mt~rett
_ ~•om rhe d~re ~hereof ~nr~l pj~d ar r~~e o~ ~:ne pe~ ce~fum p~r •nn~m and ~oye~her w.rh s~c~1inQ res~ sheif 5e secu.ed by the i~en of ~h f ma9tsye
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