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Home My WebLink About0749 i~i~11V ; " . THIS INpENTURE, Mad~ ths 3rd da of March A.D. 19 72 between ROYAI, PALM INVESTMENTS~, INC., A Florida Corporation _ of St • L11C1@ Cp~ny Flo~ida, hereinaftK detignated ~s ths "MORTGAGOR," and FIRST fEUERAI SAVINGS AND IOAN ASSOCIATION OF FORT VIERCE, ~ corpwation or~anizcd and eais~~rg u~der Ihe laws of tM UNted Su~~s of Americ~ and Mvinp ib principal piacs of businets in tM City of fort Pie~u, St. luti~ Co~nty, flwid~, hereinaft~~ dssiyna~ed ~s tM "MORTGAGEE:' WHEREAS tM MORTGAGOR is ju:tly indebted ro tM MORTGAGEE in the sum of S 18.t ~0 . good and lawfui money of the Un~tcd S~ats~ advanced by the MORTGAGEE unto ths MORTGAGOR, as evidenced by a ce~lain promiuory note of even date herewith, of wh+ch the foilowiry in words and figures is a true copy, to-wit: a 18.800.00 3-18 043 Fo~t Pierce, Flwida, ~rch 3, 19 7 For value received, 1, we w either of us, prom~se to p+y, withoul defalcat~on, to the order of FIRST FEUERAL SAVINGS ANO IOAN ASSOCIAT~ON OF FORT PIERCE at Fort Pierce, Florids, the aum of : 18 ~ 8~ w;th inrerest irom date at the rate of 5 9'o p~+ annum, in monthly install- ~nen~s as foltows: S 152•~ on the 1St day of 'July 19 72 and a like sum on the correspondirq day of each moNh there- aftrr uMil the whole be fully paid. ~ Each installment /irst shall be applied in payment of the interest and then on the unpa~d balance of the print~pal wm. If d ault is msde in the F~ayme~t of any installment when due, and such defautt co~tinues 30 days, then at ~he option of the holder, and without any othe~ not~ce, all the remaining ~nstallments shall be due and payable al once. Privi~eye is given !o prepay this note in whole or in part at any time without penelry. Neither fotebearance, ~or acceptance by the holder thereof after any default in any paymenti hereon, shall be deemed extension. A late psyment charge of i 7• 6O sh+~) be added to each insullment remaining unpa~d 7 days atter its due date, snd a like sum shall be added to each such instaltment remaining unpaid 7 days after each svcceeding payment date. Each maker, w~ety and endaser Mreof, joinNy and severally, waives demand, prescntme~t protest and notice of protesf fw nonpsymcnt, ~nd fuAher i agrees to any extension of time of payment, either befwe o~ afte~ maturi~y, without not~ce to any of us; and to pay all costs of mliection, includ+rq ~ reasonable aftorney's fee in the event of any default hereunder, and hereby severally waivcs all benef~t of homestead and exemption under the constitution a~ed laws of each State of the United States, as aga~nst this obligation w any extens~on a renewal hereof. w~mK: ~t,e t~~,a ,~,d ~i ot ~Kh ~.tY. ROYAL PALM INVESTMENfS, INC. BY;~/Nicholas Vitknvich~ Presid~wq Corporate Seal Affixed ~u ATTEST~/A1 ~nder H. Matz~ Secretarv~wU ?r~asurer ~w ~ $ 28 • 20 ~ sta» e.vsew NOW, THEREFORE, the MORTGAGOR fw the purpos~ of secvring p~yment of aid sum of = 18 ~ BOO • ~0 T., ~nd th~ pcrfom~+nce of th~ covens~ts and agretmenri hereinafter expressed, and fw divers 9ood and valwble considerationa, by tF+ese p?eser+n, does grant, barqai~, srll, remise, releau, convey and confirm unto the MORTGAGEE, its successors and as~iyns, all that certain bL piece or parcel of land, sitwte, lyiny, snd beir?p in tM County of St . LuC ie , and Stat~ of Florida, deuribed ~s follows: Lot 17 and the East 20 feet of Lot 16, Block 1, Wagner Subdivision as recorded in Plat Baok 9, page 74 of the Public Records of St. L~cie County, Florida, AX ~ U~~ ~ r ~ ~ o~ , . ~ - `~jM~~tpe Z8A i ~ y ~~C / V ~ • a~~ / - _ J 7 ~ ~ ~ o ~c~~•~~p~~~ - Y`n ~ Q8'~ ~ F F ~ t ~ ~ ~ ~TM. ~ ~ a a~ ~c .ir~ ° ~r w oiw~a~ n•~+. ~ca a~ im. r~?~ ~ M ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ - ~ F ~ foge~F+er with •II and singular the tenements, heredtsmenn and app~rtances the?eunro b~lonyiny w in anywae ~ppertainkg therero, arsd alI rems, iuues, r p.«eeds and prof~ts +cauing and to sccrw from said premises, all of wFiKh w~ induded In the ~bov~ snd forpoinp d~acriptan ~nd Mbendwn. ~ r TO HAVE ANO TO HOID tht abov~ described and yranted premises unto the said MORTGAGEE, ib woc~ssors u~d assip~ forswr. Md tM wid ~ htORTGAGOR for lt S hein, ~xecutors, admin~s~nton and auiqr?~, hersby cov~nants with the s~id MORTGAGEE, its suaesw~s and ~ssiQro, rhat lt 15 - lawfully seized of the said prem~us i~ fe* simplr, tMt th~ s~me ue fre~, ckar ~nd duharpad from all liens and Mcwn~ ~ brances in law w in equity, and tMt lt will ~nd 1t5 hein sMll wa~rant ~nd d~f~nd th~ titl~ to th~ satn~ ro th~ s~id ' nnORTGAGEE, in iuccesson and suiyns, fwever aysinst th~ lawful claims snd d~mands of all pKwr?s; ; ' PROVlDED, ALWAYS tbat if tM N10RTGAGOR shall pay unto the MORTGAGEE tM promiswry note hereinbsfore dexrib~d and shall t~uly, promptly ~ and fully pc?form, dixMry~. ~xecvt~, compkte, comply with and ~bide by exh s~d ~wry the stipuiations, apre~menb, conditions and covenanri of said prom~iiory note ~nd of this Mort9age, tMn tl~is Mort9a~e snd tM Estate hereby GNtld iFMI~ uas~ and be nvll ~nd void. ` IT IS UN~ERSTOOp tMt th~ wad "Mortyapw" whetl~e~ in the sin~ular w plwal ~nywher~ in th~s Mort9+ye, shall be sinput~? if oM o~ly and # ahall b~ plvrel jointly and sever~lly if mor~ than one. ~nd tMt tM word "thei~" as ~sed anywher~ in this JNortya~e th~ll be tsken to rrMan •Tn,•• ••Mn;• ~ - or "its;' whereva the conte~t sb impl~es w admits. Also, that wherever the~e is a reference in the tovenanri and sptNmtnts her~in ooMained to ~ny of ; - fhe parties h~reto, the s+m~ shall b~ construed to me~+ a~ wdl ~s tM hein, Ieyal r~presentatives, successws ~nd auigm (~ither volunury by ~ct of th~ ` partits or imrolunt~ry by optrstion of the law) of the ~amt and that the covenants herein contair.ed shall bind and tFw b~nefib and ~dv~Mpq irwr~ - to th~ rsspectiw ix'us, leyal reprexntativss, succes~ws snd au'yns of the psrties hereto. And ~aid Mwtgayors, fa themttlvp and ~hei? l+~in, le9~l r~present~tiva, wccesson and ~uigns, hereby jointly and t~v~rally covenaet and ayree ro and with the said MORTGAGEE, its succes~on and usiyro: 1. To pay alI and sir~ular th~ ~~ci 1 and interest and the wriovs and sundry sums of money pay~blt by virtw of said omis pr' pa pr tpy not~. ~nd this mo~ty~e, each and every, promptly on tM days respecrivety tFw same severdly bec«ne dw. ~ 2. To pay ~II srd sinyula the axes. ~ssesunenn, kvies, lisbilitie~, obli9atiau u+d encumb~nus of every natvre aod kiod now on uid desulbed p~ope?ry, a that here~her may b~ impoted, suffer~d. P~icad, levied, or aaeued thsreon, w tMt her~~Aer rruy b~ kvied w~sssskd upon thb MwtQ- aye, w tM ind~b~~dr?eu secured hereby, esch and every, wMn due and payable, accordirg ro law, b~for~ they become d~iinquem, and btfa~t ~~ly i11tHHt i arteches w any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORO THE SAME SMAII dE PROMPTLY SATISFIED AND DISCHARGED OF ~ - RECORD AND THE ORIGINAL OFFICIAL DOCUMENt (51KH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFFICIAIIY ENDORSED OR CERTIf1ED) SHAII BE PIACE~ IN THE HANDS OF SAtD MORTGAGEE WITHIN TEN DAYS NEXT AF1ER PAYMENT; ar~ in thc evtM tMt ~ny thersof is r+ot - paid, sat'sfied •nd dixharyed sa:d MORTGAGEE may at s~y time pay the same w ~ny psrt fhereof without wsiving or affectirq sny option, lien, eq~ity w ~~qht vnde~ o~ by virtue of this mortgs9a and the full amount of each and every such p~yment shall be immcdiately due and payabl~ and shall b~ir interest ~ trom the date thereof until paid at rate of nine pe? centvm per ~e~m ether w~th erest shall be secured by the lien of th's moryt~. s4` aoo~c~ n~ ~ ~ ~ ~ - - x ~ ~ - : ~ ~ ~ ' _ ~ ~ , _ ` Y ~`i5 w.~~~-~x a .a~"_'7~ ~ x . .a.-" - . _ _ ' a e" t