HomeMy WebLinkAbout0745 THIS INOENTURE. IN~d~ the 3rd day of March A.o. ~9 72 between
ROYAL PA[.1N INVESTi~NTS INC., a Florida Corporation
of - St . LuC 1@ , Couny Florida, he~e~nattK detignated ths "MORTGAGOR;' and NRST fEDERAI SAVINGS ANa IOAN
ASSOCIATION Of fORT PIERCE, • torpaatio~ apanized and exii~inq u~der tM laws of ths United Statas of America a~d havinp iri principal pl+ce of
buuneu in tFw City of Fwt Pi~ru, St. lutie Cou~ty, Flaida, hereinafttr desiynated at th~ "MORTGAGEE:'
WHEREAS th~ MORTGAGOR ia juitly indebted to the MORTGAGEE ie the sur~ of S 18 s~~~• u~ , 9ood and lawful money ot the Un~tcd
States advanced by the MORTGAGEE unto ths MORTGAGOR, as evidenced by a certaln promiuo~y ~ote oi even date hrrew~th, of wh~ch the followin9 in
w«ds and fiyurei is • Irw copy, lo-wit:
~18~800.00 ~ 3-18s038 ~
Fort Pierce, Flo?ida, March 3. )y~~
fa value ?eceived, 1, we w either of v~, promise to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOC~ATION Of
FORT PIERCE at fort Pierce, Flo~ida, the sum of = 1~+E~OO. 00 with interest from date at the rate of 7• 5% pe? annum, in monthly instalM
rnents as foltows:; 152.OQ LSt ~y of .lllly ,~q 72 and a like sum on the corresponding day of each month there- ~
after until the who~e be fully paid.
Each installment first sha~l be applird in payme~t of the interest and then on the unpaid balance of tFe princ~pal tum. If d sult is msde in the
Nayment of sny installment when due, and such default continues 30 days, then at the option of the hoide~, and without any other not~ce, all the remain7ng
;nstallments shall be due and payab:e at once. Privilege is givert to prepay this ~ote in whole or in part at any t~me without per?alty. Neither faebearance,
nor acceptance by the holder thcreof after any default in any payments hereon, shall be deemed extension. A late payment tharge of s 7• 6O shall be
added to each inslallmenf remaining unpaid 7 days affe~ in due date, and s liks sum shall be added to eath such installment remaining vnpi~d 7 days affer
each iuctecdiny payrtxnt date.
Exh msker, surety and endorxr hereof, jointly and severally, w~ives demand, presentme~t protest and notice of protest for nonpayment, ~nd further
agrces to sny extensan of t~me of payment, eithet before or after maturity, without notice to any of us; and to pay all costs of collection, includ~np a
reasonabk attorney's fee in the event of any drfault hereunder, and hereby severally waives all benefit of homestead and eaemption unckr ths cautitution
a~d laws of each State of the United States, as against this obligation or any extension a renewat hereof.
w~~~eu ~„d .~,d s~i os ee~h ~?rY. ROYAI. PAL.M INVFSTMEiVTS IIVC .
BY: s/ Nicholas Vitkovich. ~
President ~u
Corporate Seal Affixed~ ATTEST: s/ Alexander H. Matz. Secreta~~
Treasur~U
( +528' 2~ ~ Srars Rswnue
c5t~ aevl~sra ad~kd~+o~.)
PfOW, THEREFORE, the MORTGAGOR fw the purpose of securing payment of said sum of s 1~ ~~~0• O0 and tl+~ pcrformance of the
covenants ~nd ~greements hereinafter expressed, and fw divers good and v~luable considerations, by these presenti, does yrant, k»ryai~, sell, remise,
release, convsy and tonfirm unto the MORiGAGEE, iri successors and auigns, all that certaio bt, piete or parcel of land, situate, lyiny, and bein~ in ths
County of $L . 1.LLC1@ ~ state of Florida, dewibed as fdlows:
' L,ot 19 less the West 20 feet and Lot 20 less the East 25.77 feet,
Block 1~ WAGNER SUBDIVISION, as per plat thereof on file in
Plat Book 9, page 74, Public Records of St. L.ucie County,
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~ togethe~ with all and sirgular the t~nenunts, hereditaments and ~ppurtances fhereunfo btlorgirg or in anywis~ appertainieg ther~to, ~nd ~II r~e?b, iuws.
~ proceedf ~nd p~ofin ~ccruiny and to accrue from said p?~mises, sll of which ~re irxlvded 'm the abov+ u~d fa~yoin9 descripYan snd h~b~ndum.
~ TO HAVE AND_TO HOW the abov~ deurib~d and 9ranted premists unto the said MORTGAGEE, in svaes~ws snd +ssipna fortwr. Md th~ wid
MORTGAGOR fa lt5 hein, executon, ~dministrata~ ~nd assi~ns, he?eby covenu~ts with tM said NIORTGAGEE, Hs succ~sson ind auipro,
~ ~hat Iswfully sei:ed of ths taid premisss in fe~ simple; thd tFw ssms ~r~ frM, clear and distharyed from •II liem +nd ~ncwrr
t
% Erances in law or in equity, and thst 1 t will a~d 1 tS hews shall warrant and d~fend th~ titl~ ro tM sarn~ to tM s~id
r MORTGAGEE, it: sucusw~s snd ~uiyns, forewr ayainst the lawful clairm and dema~ of ~II perswp;
- PROVIDEO, ALWAYS thst if tM MORTGAGOR sh~ll pay unM tAe MORTGAGEE th~ promisswy noM hereinbefws desuibed ~nd sMll tnily, promptly
~nd fully pertorm, diuMrg~, execute, complete, tomply with ~nd ~bid~ by each and every the stipul~tions, ayre~rt~enb, conditiora and covenants of s~id
- p.omissory note and of this Mortg~ye, then this Mwtya9t ~nd the Est~te hereby aeated shalt u~u ~nd be null ~od wid.
- IT IS UNDERSTOOD th~t the wwd "Mortyayw" whether in ti+~ sinpular w plwal anywtw~ in this Mo?tyay~, shall b~ ~irgvlx if on~ only and
~ shall b~ plural joimly ~nd ~evsr~lly if mon than one. and tMt tM vrord "their" as used ~nywMr~ in tbis Mon9ay~ shall b~ t~ken to nwu~ "ha:• ••Mn:' -
or "iri;' wherever ths conteat w implies or admits. Alw, 1Mt wherever there is s refe~enu in ri+~ wwnann .nd apraernenn I~e.ein conrair»d ~o u~y o~
rhe pa~ties her~ro, the sam~ sMll be cauNUed to mt~n as w~ll as th~ heira, leyal repr~sentatives, suaesson ~nd auipra (eith~r volw?tary by ~ct of th~
= parties w involuntary by ope.ation of tF?e law) of the same s++d that th~ covenants her~in contained ihall bind and tM b~~sfiq and advantspes inw~
= to the ~eapectiv~ heirs, kyal represent~tives, iucceswn and ~u°9ns of tF~ p+~t~es hereto.
~ Md said MwtgaQon, iw themselves and th~ir htirs, i~yal representatives, tucc~swn and as~ipns. Mereby jointly ~nd sewrally covenant and p~~e
ro and with the s+id MORTGAGEE, in successors a~d +ssiy~:
1. To psy •II and sirgul~? tFu principal and inter~st and the variws ~nd sundry wms of ma?eY paYable by vinue of uid promiisory not~, and this
- monyaps• ~ach and ~v~ry, p~omptly on tM day~ respectively the sam~ sewrally bec«ne dw.
2. To pay all ~nd sirgular the qxts, asa~umenb. I~vies, li~bilities. obliyatioru and tncumbranca of ~very natvrt and kind now on ~aid dasc?ibed
property, w that Fxreafter may b~ imposed, wffered, pl~ced, levied, or assessed thereon, a thst hereahN may b~ Iwi~d w usess~d vpon thi~ N1wt~
~y~, or tM indebt~dneu ~scured hereby, tach ~nd svery, when dw and payabte, accordirg to law, befon they becorne delinq~snt, ~r~d befor~ arhr i~e~t
atreches o? any pcnalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALI BE PROIIMTLY SATISFIED AND ~ISCHARCsEO OF
RFCORD AND THE ORIGINAI OFFICIAI DOCUMENT (SIKH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENOORSED
OR CERiIfIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WtTMIN tEN DAYS NEXT AFTER PAYMENT; and i~ the event that any the~eof is not
c`~
~ pa~d, sat'sfied s~d discharged ss:d MORTGAGEE may ~t a~y time pay the same o~ any par? thereof without waivir?q o~ affectinp ~ny option, lien, pvity a ~
'Y;
,3 •~aht unda or by virtue of this mortflsye and the full amoum of each and evcry such payment ihall be immediately dve and payabk •nd thall besr ir~terest
~•om the date thereof until paid a~ rate of nine per centum per a~num ~nd to9ether w;th such interest sMl~ be secured by ihe lien of th:s ma~tap~.
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