HomeMy WebLinkAbout1450 /~wGraiYO~ ~
11iIS INDENTURE. AAad~ the 18th day of J~u~Y~ A.~. 19 ~2~ between
John F. DeGarno and Rose Marie DeGarmo, h s wife, _
af $t, Lucie ~W~~y F~aid~, hereinaiter designated •s ~he "MORTGAGOR," and fIRST FEUERAL SAVINGS ANU IOAN
ASSOCIATION OF FORT PIERCE, a co~pwat~on or9~n~zed and ex~sting unde~ rhe laws of ths Un~ted S+a~~s of America ~nd hsvir~ its printipal plac~ of
bu~~nsu in tM C+ty of Fwt Pieres, St. tuci~ Counry, flwida, hereinaft~~ deiipnatad ss tM "MORTGAGEE:'
WHEREAS tM MORTGAGOR is justly indebted ~o Ihe MORTGAGEE in the sum of = 2O ~ 7~• qood and lawful money of the Un~red
States advanced by the MORTGAGEE unto the MORTGAGOR, es ev:denced by a certain p~omissory note of even date herew~~F~, of wh~ch the follow~ng in
words and figures it a true copy, ~o-wit: 3~ 17 ~ 842
s 20,~00.00 ~
fwt Pierce, Florida, Januar;+ i8~ ~q 72
For vaiue received, 1, we w tithe~ of us, promise to pay, without defatcation, to thr order of fIRST FEDERAt SAVIPiGS AtvD LOAN AiSJC1AT10N OF
FORi PIERCE at Fort Pferce, Flor~da, the sum of S?~~70~• w;~h ;n?arest irom date at ihe rate of 7•7~io per srmwn. ~e morohly in~mll-
~nen~s a~ iol!o.vs: S 17O a+ the 1 s t day of ~r Ch . 19?? _ and a like sum on the correspond~np day of each month lhere-
~v after until the whole be fully paid.
Each installment first shall be appl~ed in payment of the interest and then on the unpa~d ba~ance of the princ'pal sum. If d ault is made in tM
+ti~ ~ a~mem of any installment when due, and wch default continues 30 daya, then at the opi~on of the holder, and without any other not~ce, all the remaining
~~~siallments shail be due and payable at once. Privilege is given to p~epay this note in wFole or in part at s~y time without pana(!y. Neithe? fwebearance,
~ nor acceptance by the holder thereof after any deiaulf in any payments hereon, shall be deemed exte~sion. A late pa~ment charye of S 8~ 5O s.tisll be
. added to eath installment remaining unpa~d 7 days after its due date, a~d a like sum shall be added to tach such instat~ment remainin~ vnpaid 7 days after
each succeeding payment date.
~ Each maker, surety a~d endorse~ hereof, jointly and severally, waives demand, presentment pioteat and not~ce of protest for nonpayn+ent, and funher
a~rees to any eatension of nme of paymem, either before w aite+ maturity, without not~ce ~o any of us; and to pay aU costs of collection, includ:ng a
rr3sonable attorney's fee in the event of any defautt hcreunder, and hereby seve~ally waives all benefit of homestead and eaemption under ths constitution
~nd laws of each State of ~he United States, as aga~nst this obl~gation a any exrension w renewal hereof.
~ Witness the hand and teal of esch pa~ty.
S/ . F ar o ~A~~
~ (SEAI)
~ S/ se Marie eGarmo
cs~sU
~ ~ 31. ~5 1 State Revenue
i ierw++rw ewKelled-a+ae+ghwl-na+e)
NOW, THEREfORE, the MORiGAGOR fw the purpose of secu.irg payment of said sum of S 2O ~ 7~ +nd th~ performarxe of ths
:ovenants and agreements hereinaitcr exp~essed, and fa d~ven good and v~luable considerat~ons, by these presents, doei grant, bar9ain, sell, rem~se,
rrlease, convey and confirm un~o the MORTGAGEE, itt iuccessors a~d assgn~, all thal cenain bt, piece or pucel ot I~~d. ~ituate, lyinp, and beinp in 1M
County of $t . Lucie ~nd State of Flwida, dewibed as follaws:
Apartaent II _ 202 of COLONNADBS QOND~MINIUMS N0. 5, a condominium according to ;
the Declaration of Condomini~ recorded in O. R. Book 197, Page 1482, of the
Public Records of St. Lucie County~ Flozida, as amended by instrument recorded
~ in O. R. Book 198, Page 996, of the Public Records of St. Lucie County, Florida,
; 'POGBTHIIt WI2H all of its appur4enances thereto, togethez with an undivided
E interest in the common eleaents and limited common elements thereof,
k
~
!
t
3
: y G ~1~~ ~
~ f'~• i - '!f t : ;"':1T C~ -~x:~
g ~ -''G :-:~1,1 I:~.'v:` t r . , ,
~ - t~ 1 c.,=:, - F~ i: ~;,<rr,
~ ! ( t-'T . „r, j ; ^ c~~avifN ~i .~i. a~~s oF ~y~i.
~ ~ f° _`C:v:l~_i i„ . , _ :lM.:i.fi f'L'lT~~ Ck1M w
~ i-- , T.w: Cc,ur~ ,"L L~rs~ Co. Ra,
£ ~ ~ - fEB -8'72 _•~k.~i•_',3 i G 5 ~
. o , -
~ U - ~ ~ ~ -
'"~i N I.t:!.CS ciNlN,i-~_
~ 190112 `~i~
~
~ '
~
~
~i
~ ~ogetFur with sll snd singular the tenements, haredibmeots and appurtsnces th~reunto belonginy p in anywise +ppert+in~rq th~~~fo• ~~d r~nh, issws,
~ proceeds and profits accru~ng a~d to ~ccrue from said premises, all of which are included in the above and foreyary dewiption ~nd Mbendum-
~j i
'<a TO NAVE AND TO HOI~ the +bove described and yranted premi~es umo the aid MORTGAGEE, its succeswn a+d aagns foraver. And tM aaW ;
th ir ~
MORTGAGOR fu ~~~s, eaecutort, ~dministrators and a»igns, he~eby covenanfs with the ~aid MORTGAGEE, it~ successon and ~ubns• ;
~ that - th ~_a'=@__ lawfully se~zed of the said prem+ses in fee simple; th~t the tsme are free, dear and discMrged fran all liens +nd ~nc~~
~ brances in Iaw a in cquity, and that they will ~nd their heirs shall wurant and dsfend th~ tiH~ to th~ iarrM to tM said
MORiGAGfE, its successors snd assigns, for~ve~ aysinst the lawful claims snd demands of •II pe~wm;
PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the MORTCsAGEE the promissdy note hereinbefore deuribed u~d shall huly, prompllY F
_ and fully perform, d+scha~ge, execute, complete, comply with and ab~de by each and every !he itipulations, agreements, conditions +nd cov~nanri of ~aid ~
prom~ssory note and of this Mortgaye, then this Mat~~ye and the Estate her~by cre+ted ~hall ceas~ and b~ null s~d wid.
-y' IT IS UNDERSTOOD that the word "Mortgya" whether in the singular ot plural ~nywhert in this Mortg~y~, ~MH be sinyul~r if on~ only end ~
shall be plu?sl joinHy ~nd sevenlly if mut than one, and that tlu wwd "their" as v~ed •nywl?~re in this Mortyaye ahall b~ uken to rtM~n "his:, ••~n:• '
= o. "its;' wherever tM context w implies a admits. Alw, that wherever thcre is s referenc~ in the covenants and ayreemenb F?K~in contain~d to sny of ±
= ihe part+es hereto, the s~me shall be construcd to mean as well as the heirs, leq~l rtpresenutives, ~uccessors snd asipru (either volunt~ry by ad of tM i
parties or involuntary by oper~tio~ of the law) of the s~me and tha~ the covenants herein conuined ahsll bind •nd tM benefits and ~dv~nt~pes inur~ ~
- to t!K respettive heirs, legal representatives, successws and ~ss~gns of the parties Mreto.
:~:`4
- Ar?d said N4ortgapon, fw themselves and their heirs, lepal repres~ntatives, succestors and assiyn~, hereby jointly and severally covenaM and ayree
ro and with the said MORTGAGEE, its successors and assigm: ;
~ 1. To pay dl and sinyul~r the principal and interest and the variaus •nd sundry sums ot money pay~ble by virtue of wid promi~sory note, and this 4
- mortg~ge, esch ~nd every, promptly on tM day~ respectively IM ~ame sewralfy bec«ne due. :
= 2. To pay •II and ~i~yul:r th~ taxes, asaessmen~s, levies, liabil~tie~, obliy+tioru and encumbr~nce~ of avery natur~ ~nd kind now on said dycribed `
" property, w that hereaft~r may be imposed, suftered, plKed, levied, o~ ~uessed thereon, or tMt here~ft~r may b~ Ievied w~sested upon thi~ MO~1¢
ag~, o~ th~ indebtedness ucured her~by. each ~nd every, wMn due a~d p~yable, accwdiny to law, beior~ they become delinquent. sr?d befw~ any Inte~~t~
atraches a•ny penaltY is incurred; AND INSOFAR AS ANY 1HEREOF IS OF RKORO iHE SAMf SMAII bE PROMPTIY SATISFIED AND DISCMARGE~ OF
RECORD AND TME ORIGIt3AL OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANtE, TME TAX RECEIPT OR THE SATISFACTtON PAPER OffICIAttY ENOORSED
OR CERTIFIED) SHAII BE PIACED IN TME HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; ~nd in the evenl tMt any thereof is not
pa~d, sa~"sfred and discharged sa d MORTGAGEE may at any nme pay the same w a~Y p+rt thereof witlw~t w~iving or a(}ecting any option, (ien, equity or
•~qht under or by virtue o~ this mongage and the fu~~ amou~t ol each and every such paymeM shall be immed~ately due and payabte and shal{ bear inteteft
4om the date ~he~eof until paid at rate of n~ne per cent~m per •nnum •nd together w~th •y~oO~t~e~~alluCte~~~~the lien of th"• mor9taye.
U
~ a 9 ~