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223U05
THIS INDENTURF. Made the Zath day of ,~nu~ry A.D. 19 72 belwaen
Hernan L. Van Sipe and Grace M. Van Sipe. his wife,
. ~
of SL. 1.LLC~@ County Flo?id~, hereinafter desg~ated as lhe "MORTGAGOR." and FIRST FEDERAI S~?VINGS AND IONN
ASSOCIATfON Of FORT PIERCE, a corpaarion orp+ni:ed and ex~sting under ~M lawt oi ths Uni~ed Sta~~s of Am~ric• and Mvirq iri p~~~+cip+~ D~+ce of
bwi~eii in tM City of Fort Pi~rc~, St. lucie Counry, flwida, hersinafter desiynated +s tM "MORiGAGEE:'
8 500 00 `
WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of i 1 • , good and lawful money of the Un~ted ~
Srates advanced by the MORTGAGEE unto the MORTGAGOR, as evidertcrd by a cer~ain prom~ssory no~e of even daie herew~th, of whlch the followiny in ~
..o~ds and figures is a tr~s copy, to-wit:
s8,500.00 ~ 3-17,893 {
Fo?t Pierce. Fi«~d~, Janu~ry 28, 19 72
Fw value rcceived, 1, we w either of us, prom~u to psy, without defslcation, to the order of fIRST FEOERAL SAVINGS AND IOAN ASSOCIATION OF
:ORT PIERCE ar fwt Pierce, florida, the sum of S 8~ S~' ~ w~th interest Irom date at the rate of 7~ 5% pe? annum, in monthly install-
~.-enrs as fol!ows: S l~l•~~ on ~he lst day of Mazeh ~9~72 and s like sum on the correspond~ng day of each moroh there-
aieer until the whole be fully paid.
Each instatlment first shall be applied in payment of the ~~~e~est and then on the unpaid balance of the prinuRal sum. If d ault is made in 1he
, Eayment of any installment when due, and such default continues 30 days, then at the opt~on of the holder, and without any other notice, all the remaining i
. ~„sral~ments shall be due and payabte at once. Privilege is given to {xepay this note in whole or in part at sny time wi?hout penalty_ Neither faebearance,
nor acceptance by the holder thereof aiter any defauit in any paymen~s her.wn, shall be deemed exte~sion_ A late payment charge of s 5• ~5 , sh~ll be
ac~~ed to each instal~ment remaining unpaid 7 days after its due dale, and a like sum shall be added to each such instailment rrmaining unpaid ? days aftet
rach succeeding payment date. ~
. Each maker, surety and endorser hereof, jointty and severally, waives dema~d, presentment p~otest a~d notice of protest for nonpayr.ur.t, and further ~
~ agrees to any exte~sion of ~~n,e of peyment, either before w af?er maturity, withouf r.ot~ce to any of us; and to pay all costs of collectio~, includ:ng a
' ~rasonable atto~ney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead a~d exemptipn under the conatitutan
ind laws of each State ot the United States, aa against this obligation a•ny extension or renewal hcreof.
, Witness the hand and se+l of each party.
; S/ Heraan L. Van Sipe ~Au
~ ~ ($EAl)
` S Grace M. Van SZpe
ts~?u
~ ~ .SIZ.75 ) State Revenue
" taa?np= tanan~~ ~ng~~rarnote) ,
~ NOW, THEREFORE, the MORTGAGOR fw the purpose of ~ecuring payment of said sum of S 8~ 5~• 0O and the pe~formance of ths
covenants and ag~eements hereinafter exprcssed, snd for d~vers good aod valu+ble considentions, by these presents, does g~ant, barpain, sell, rem~sc,
r~lease, co~vey and confirm unto the MORiGAGEE, ib :uccessora and ~ui9ns, all that certsin bL p'~ece or parcel of land, situate, lying, and being in the
County of $L. LL1C1Q ~nd State of Florida, dewibed as follovrs:
Apart~aent No. C-3-201 of the COIAYNADES CONOOMINIUMS NO. 1, a condomiaiu~ accord-
ing to the Declaration of Condominiua recorded in O. R. Book 187, Page 769, of the
Public Records of St. Lucie County, Florida, as amended by th~t certain instrument
~ated November 30, 1970, and zecorded in O. R. Book 188, Page 1748, of the Pub2ic
Records of St. Lucie County, Florida, 7'OGBTHER WITH all of its appuztenances
accotding to said Declaration,
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S~I~/~I :'i..-U~~IL'A
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E i~ ~ 70CU?~,~,!.~n`'. Si:.,%P TAX
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~ p _ g: ~'?~s:;'' L~ J_ FE`~r".~ j ~ iti FA\E"cti: JF 1.4'ET
a ~A ~ LEiT.~fEEti[..~'?~.i ~ = C " `.'.l„"~~' 1"~iAt~~i;~.E PC~`~`~.'/A. P'~-1, , :
~ -rt ~ f~: i $ Gi :3/! . ~
P.B.»o~~2 ~ ~,:~~..a~r t!t ~.~~t 1st. e
~ $L luve ~c r~.3. ~
~ ~ P.•..E.. p~',~jtiA.~ ,rJc~k C',r_.t/ w~ti :
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~ together with all and singubr the tenements, hereditaments ~nd +ppvrtances thereuMO belonging or in anywiae apperfainieg thereto, ~nd dl nnri, issues. ~
~ procecds and p?ofits acvuing snd to uuue from said premixs, all of wFiKh ~re included in ths abov~ and fae~oirg description and habendum. ~
~ TO HAVE AND TO HOID the above dsw~bed and gr~med premius unto tl+~ said MORTCsAGEE, in s~ccesson and auiyns fw~ve?. Md tt+~ s~id
!KORTGAGOR for - LhelY heira, executws, sdministrators and assigns, hereby covenants with the said MORTGAGEE, ib wcttawra ~nd assipm,
~ rhst - the-~tQ - lawfully sei:ed of the taid premiaes in fee simple; th~t the iame ~re fnt, ckar and diuhar9ad from stl liem and ~ncunr ~
~
brances in bw w in equity, and-thst they will snd their heirs shall w~rrant and d~fend tM titlt to tM sam~ to the wid
MORTGAGEE, its s~ccessors a~d saigns, forever ~gainst tM lawtul claims and demands of all p~rsons; ~
PROVIDE~, AIWAYS thst if the MORTGAGOR shall pay unto the MORTGAGEE the promissory not~ hereinbefor~ described ~nd sh+ll tn?~y, promptly ~
`x and fully perform, dixharge, execute, compkte, comply with and ab'~de by each and every the stipul~tions, agre~ments, conditior?s ~nd covenants of uid
promissory note and of this Mort9a9e, t}ron this Morty~e +nd tM Estate hereby- aeated shall cease aod b~ null and wid. ~
~
° IT IS UNDERSTOOD th~t the wad "Monyagor" whNher in the •inyular a plwal ~nywh~r~ in fhis Mort9age, shall be sinpulu if on~ only ~nd :
shatl be pl~ral jointly and severally if more tMn ons, and that the word "the'n" as used anywhere in tha Morsyay~ ~h+ll b~ aken to me+n "his;' "hen," ;
or "its;' wherever the conteal w impliet or sdmits. Also, tMt whereve~ thers is ~ referentt in the covenants ~nd ~yreements herein contair~et! to any of :
~he parties hereto, the same shsll be construed to mean as well as the hein, le9sl r~present~tive~, succsswn and suipru (either volunt~ry by ~ct of Ihe
= parties w involunt~ry by operation of the law) of the same snd that the covenams herein contained thall bind ~nd tM btnefib ~nd advantag~s inure
fo the respective heirs, ley+l repreuntatives, wtcessors and au'gns of the panies hereto. .
~ Md said Mortgagon, fw tF~emulves a~d their heirs, legal represem~tirq, iutteswrs and aui~n~, hereby jointly ar~d sev~rally covenant ~nd ayret
fo and with the ssid MORTGAGEE, its successort +nd augns: 3
1. 1o pay ~U ~nd i~ngulu the principal and intc~est snd the wrious ~nd ~undry sums of morKy payable by virtue of said promissory note, and this ;
mortyaye, each and every, prompNy on tM days respectively ths same iev~rally beca~» due. a
2. To pay •II and singulu the u,ca, asseumenb, levies, li~bilities, obligatiorn and encumkKSnces of every naturt and kind now on uid describ~d y
^ property, a that hereaher may be impo~ed, suffe~ed. Dlxed, levied, a asusted tF+ereon, a ~Mt hereafter may b~ levied a assessed vpon tF+ia Mat~- }
~ age, w?ht ind~btedness secured Ixreby, exh and every, when d~e and p~ysble, accordi~g to bw, before they become deliepvent, and befae ~mr int~rest ~
atrzches or an nal ~s inc~rred; AND INSOFAR AS ANY THEREOF IS Of RKORG THE SAME SHAII SE PROMPTIY SA~ISFIED AND DISCHARGED Of ;
Y P< <Y
RECORD AND THE ORIGINAL OffICIAI DOCUMENT (SUCH A5, FOR INSiANCE, THE TAX RECEIPT OR THE SA115FACTION PAVER OFFICIAILY ENDORSE~ ;
OR CERTIFIED) SHAII BE PIACED IN THE HANOS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the ~ve~t that any thereof is not i
pa~d, sat's(ied and discharged sa:d MORTGAGEE may at sny time pay tF~e same w any pan thereof without wa;ving o~ affectiny any aption, lien, equity or -
•~qfir under w by virtue of ?his mo~egage +nd the full amount of esch and every such payment shall be immediately dve +nd payable and ~MII bea? interest ;
_ ~.om the date Ihereoi until paid at rate of n~ne per centum per annum and toge~her w~th s i e~ ~iI be secure~.~ lien of th:t mor~ts9e. i
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