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THIS IN~ENTURE, N4d~ the 3rd d~y of March ' ' A.D. 19
72 betwt~~
ROYAL PALM INVES?I~NfS, INC., A Rlorida Corporation
af St. LuCie County fiwida, htreinattK detgnated ~s tha "MORTGAGOR," and FIRST fEDERAI SAVINGS AND IOAN i
ASSpCIATtON OF fORi PIERCE, ~ corpa~tion ay~ni:ed and existiry unda ~M laws oi 1M Un~ted Sfatas of Americ~ and Mvinp in principal pl~c~ of #
buiin*a i~ ~M City of fort PiKC~, St. lvci~ County, florida, herei~wttsr deslyn~ted si tM "MORTGAGEE:'
WHFREAS Ihe MORTGAGOR a justly indebt~d ro ths MORTGAGEE in the sum of = 18 ~~0 , good and lawful money of the Un~ted
Stetes sdvanccd by tf~e MORTGAGEE unto ths MORTGAGOR, as evidenced by a ceruin promissory note of even date herewitb, of which ths followiny in
words and fi ur~~ a trw copy, to-wit: 3-18 044
= 18~80~. ~ s
~«r P~e«e. Fi«~d.. March 3, 19 72 ~
fw value received, 1, we or either of us, promise to pay, withaut defatcatio~, to the order of FIRST FEDERAI SAVtNGS AND IOAN ASSOC~ATION OF
FORT PIERCE at fort Pierce, Fbrida, the sum of ~ 18 f 8O0 wilh inrerest from date at the rate o~ • 5 o per annum, in monthly insfatl.
~~,ents aa (ollows: = 1S2•~ on the 1St day of `July , 19 72 and a like sum on the corresponding day of each month 1Fxre-
after until the whole be fulty paid.
Each installment first shall be applied in paymem of tha interest and then on tlie unpa~d bslance oi the principal sum. If d suh is made in ths ~
~ at~nent of any ins~allment when due, and such default continues 30 days, the~ at the opt~on of the holder, ar+d without any other noiice, all the remaining
~~~staltments shall be due and payabk at once. Privitegs is given to prepay this note in whok or in part at a~y time without penalty. Neither forebear~nte,
r,or acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late psymc~t chsrge of Z 7~6O , sh~ll be
added to each installment remaining unpa~d 7 days aftN its due date, and a like sum shall be added to each such installment remaining unpsid 7 days ~fter
each succeeding payment date.
Each maker, surety ~nd endorser hereof, jointly and sevenlly, waivcs demand, presentmcnt protest and notice of protest fa nonpaymeM, snd further
ag~ees to any extensan of time of payment, either befo~e or after maturity, without not~ce to any of us; and to pay all costs of collection, inclvd~ng a
reasonable a~torney's fee in tht event of any defautt hereunder, and hereby severally waives all benefit of homestead and exemption ~nder the caatitution
a~~d laws of each S~ate of the United States, as aga~nst thia obl~gation w any eztens~on w renewal hereof. '
w~tneu the hand and seal of each pa~ty. ROYAL PALM INVESTI~NTS~ INC•
BY: s/Nicholas Vitkovich, ;Presid~q
Corpo rate Seal Affixed ~
A~TEST:s/Alexander H. Matz, Secretar~U
$28~20 Treasurer ~
( ) Stah Revenue
NOW, THEREFORE, ths MORTGAGOR fw the pu?posa of securing paymeM of said sum of = 18 • 8~ , ~nd rhe pe.form~nce of +M
covenanb ~nd ~gr~emenri hereinafter expreued. and for divcrs good ~nd wlwble considerations, by these p?esents, does ~~ant, barpain, sell; remise,
~elease, conv~y and confirm unto the MORTGAGEE, iq s~ccessort ~nd aulgns, atl tMt certain bt, piece w parcel of land, sitvat~, lyiny, and beirg in th~
~W~~ $t • l.LiCl.@ ~ State of Florida, dexribed as follows:
The West 20 feet of Lot 15 and all of Lot 14~ Block l, Wagner Subdivision
as recorded in Plat Book 9, page 74 of the Public Records of St. Lucie County,
Florida,
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' W S ~~ATE ~F t=LUF1IUA '
` v~ DOCUMENTAr': STN~•1P TA K ~
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~ p~E oK ql~ss t~tw+ote~ ~ ~~TM~q~
~ pt~R TO CNRP`TER T1-13A. JYCTS OF 1971. ~ 0
~ k'.;t~E.~ POITRA~ CM.'~t GtwK Cou~t. St- l.u~ Co. Ra.
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~ fogetlKr with all and sirgulsr ths tenemenri, hereditaments and appurtances thereuMO beloegirg a in a~ywis~ apperta(e?irg therNo, aod all rt~», iuws,
~ prOCt~edf and prof~» acvui~g and to acuw from ssid premises, all of which are incluekd in th~ abov~ ~nd forpoinp dewipt'an ~nd Mb~ndum.
~ TO HAVE AND TO HOI~ tM ~bove d~stribed ~nd yr~nted premises unto th~ said MORTGAGEE, iri suouason and auipm fot~vK. And tM said
~ MORTGAGOR fa lt S ~~n, ~xecuton, administratws and auigns, hereby covtnann with tM said MORTGAGEE, its suatt~on and ~stiper,
' rhar lt 15 ~~,~,fully se~zed of tl+~ s+id pemis~ in fe~ iwnple; that tM ~anN u~ frs~, cku and disch~r~ad fran ~11 liem ad Mwrt~
- broncts in I~w a in equity, snd that lt wi11 u~d 1t5 F~e~p s}yp wuranT and d~ftnd tM titl~ b tht tarr» to tM saW
MORTGAGEE, irs suueuo.~ snd assgns, forev~r apaimt the lawful claims a~d dema~ds of atl p~rwro;
PROVIDEO, AIWAYS rh~r if f!w MORTGAGOR ihall p~y w+ro tM MORTGAGEE tF~e promiuory eors her~inbefpe dexrib~d u+d shall fruly, promptly ~
~ ar+d fully pcrfwm, d~xMr~e, e:ecute, compkte, comply wieh ~nd ~bide by ~ach and ev~ry tM stipulations, aQreem~nn, conditiom and cove~anri of said {
- promissory note and of thu Mortyaye, then this Mwty~ye ~nd tF?e Estate hereby created shall uas~ and M r+ull and void. `
a IT IS UNDERSTO00 11wt the word "Mortypor" whNher in the sinyuln or plwal anywhert In this Mwt9ay~, ihall ~be sirgvlar if one only u~d ~
- shall bt plurd joimly ~nd ~ev~rally if mor~ than one. ~nd that tM word "the'v" ~s used ~ywhtrt in Ihis Mort~p~ shall be t~ke~ to mt+n "hb; •"tws; • ~
or "its," wherever the context w implies or ~dmiq. At~o, thst wfiereve~ there is ~ nf~?ence in tM cov.na~n •nd preem~nfs herein conr~iMd ro any of i
rhe partie~ hereto, the sam~ shalt be constrved to mean as w~ll ~s the heirs. Ipal rep~eu~tatirrs, succestwi ~nd assi~?s (eNMr volvntary by ~ct of th~ ~
pariief or involuntsry by opKation of tM law) of th~ same u~d thst ~he covensnn he.•~n conta;ned •ha11 b~nd .nd rM b.n.fin .nd .dvu,rap.s trw?•
- ro the respective M'vi. I~yal rspresemativp, wccesson ~nd au'yro of the panies hereto. ~
- And ~aid Mwtya9ors, for themselve~ and their h~in, Ipal representativq, tvcceswrs N+d auipns, her~by jointly ~nd wvNally cownant and apr~e
_ ro and with the s+id MORTGAGEE, iri successon and aui9ns: ~
pay rgvlar the pri~tipal +t~d inte~qt snd the v~rio~s ~nd su~dry wms of money payabl~ by virtw of ~sid promiisory nof~, and this - }
1. To afl and si '
monyaQe, suh snd ewry, promptty on tM days respect~vely ttK iams sev~rdly becan~ dw. 3
2 To p+y all and s;egular the taxes. ~uesunenb, levia, liabilities, obliyations and N+cumbra~cts of tvery natun ~nd kind raw on asid deuribd ~
- prop~rty, a that hereah~r m+y b~ impwed, avffered, placed, leried, or ~uessed the~eon, a that hereaher may be levi~d o~ a~sess~d vpon this Morty-
- aqe, o~ tFw tndebtadneu s~cured hereby. tach and wery, whe~ due and p~ysbl~, aaordieg to law, befon they b~come delinqwne, and btfw~ ~ey int~rt~t '
a+racF+es w any penalty is irtturred; AND INSOFAR AS AN1/ THEREOF IS OF RKORD THE SAME SHAIL SE FROMVTtY SATISFIED AND DISCMARGEO OF
RECORD AND THE ORIGINAL OFFiC1Al DOCUMENT (SUCM AS, FOR INSTANCE, THE TAX RECEIPi OR THE SAUSFACTION P/1DER OFfICIAtIY ENDORSE~
OR CERTIFIED) SHAII SE Vl/1CED IN TME HANOS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; ~nd in th~ eve~t that ~ny tMereof b rat
~ paid, sat'sfied and dixharged sa:d MORTGAGEE m~y at any time pay tht same or any p~rt thereof withoot waivinp p affectinq ~ny option, IiM, equity p
•~aht under w by virtue of this mortgsye and the fvll amount of each and every such paymtnt shall be immedfatety due and payablt •nd shall beN i~terqt
'~t ~.om the d~te ~hereof unril paid at rare of nine per centum pe. ann r w~rh t fhsll be secured by the lieo of th:s moryta~e.
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