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THIS INOENTURE, Mad~ tM 3rd d,y ,f March A.p. ~y 72~
RQYAL PA1.M INVESTM6NT, INC. A Rlorida, Corporatian
of - St L Lucie Covnty Flo~id~, h~teinaftN dtsgnated as the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN
ASSOCIA?ION OF fORT PIERCE, • corpwation aqsnized and exis~inp unda ~M I~ws of the Unl~ed Sia~fs of America and h~virq in prfncipal place of
busin~ss in tFw City of fwt Pi~rce, St. Luci~ Counry, Ftorida, hereinafta desiynated as ths "MORTGACaEE:'
WHEREAS 1M MORTGAGOR i~ justly indebted to ths MORTGAGEE io the sum of S 18~~0`~ , good and lawiul money ot the Un~ted
Srate~ advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~n promisswy note of ~ven date herewith, of which ths tollowiny in
words and fiqures is a frw copy, to-wit:
=18.800.00 _ ~~3-18,041
Fwt Pieres. Flaida, ~'rCh 3• 19 72
Fw valve received, 1, we o~ either of us, prom~se fo pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fwf Pierce, Flaida, the sum of = 18 ~ 8~ with interest from date at the rate of 7• 5 9o pe~ annum, in mo~thly i~stall-
ments as foltows: S1S2•~ on the 15t day of `juiy . 19?? and a like sum on the carespondi~?p day of each month there-
afie: until tMe whcle be fully paid.
Esch installment first shall be app~ied in payment of the interest and then or? the unpaid balance of the principal sum. If d ault is made in the
payment of any inatallment when dve, and such default cominues 30 days, then at the opiion of the holder, and without any other notice, all ~he remainiry
~nstal(ments shall be due and payable at once. Privilepe is yiven to prepay this r+ote in whole w i~ part at sny time without penalry. Neither forebear~nce,
nor accepance by the holder thereof after any default in sny paymbnts hereon, ahall be deemed exee~sioo. A late paymcnt charge of = 7' 6O shall be
addcd to each installment remaining unpa~d 7 days after its dw date, and s like sum shall be addrd to each such installment remaining unpaid 7 days after
each succeeding paymem date.
Each maker, surety and endwur htreof, jantly and sever~lly, waives demand, presentment protest end ootice oi proteat for nonpayment, and further
agrees to any extension of time of payment, either before w after maturity, without not~ce to any oi ~s; and to pay all costs of collection, inctuding a
reaionable attorney's fee in the event oi any default he~eunder, and hereby severally waives all benefit of homestead and eaemption under the constitution
a~d laws of each Sqte of ~he United States, as against this obligation a any eateniion or renewal hereof,
W~tneu the Mnd sr~d seal of each party. ROYAL PAI.M INVESTi~•NRS~ ITIC.
BY: s/tVicholas yitkovich~ Presid~Xq
ts~u)
Corporate Seal Affixed AT?EST: s/Alexander H. Matz~ Secreta~U
$28 20 ~ Treasnrer ~
c • ~ st.~. ae~en~,. ~
NOW, THEREFORE, the MORTGAGOR for the pv?pos~ of secu.ing payment of said sum of = 18 ind tM p~rformance of the
covenants a~d a9reem,ents hereinafter expreasrd, arr! fw divers yood ~nd valuable coniideratio~s, by thek presents, does ~rant, bar~sln, sell, rsmise,
release, convey and confirm unto ths MORTGAGEE, iri succeuws ~nd ~uigns, all that cerbi~ bt, piect or pucel of Isnd, sitwt~, lyirq, ~rd beinp in the
~~~y ~ St. LL1Cle and Stste of Florid~, deuribed ~s fdlows:
Lot 15 less the West 20 feet and Lot 16 less the East 20 feet, 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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~ RECfJYFD '~d M M1fME11T OF TAX~
~ a~ a~ cuis ~~r~c~e~ r~so+~ti nma~Ha,
3 PUR3tfANT TO CFIAPIER 71•ix, ~crs a ~9~~. rn~~
~ IItA,E~t POITWIS~ CNrk ptwlt CanL St Lw3e Co. fla.
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~ tcgether with ~II and ungular tM tenemertts, hersditarnents ard appuAances th~reunto b~lonpinp a in ~nywik ~ppertaininp tMr~b. ~~d ~II r~nb, iuws.
$ p.«eeds •nd profin scauiny and to ~cuue fram said premises, all of whkh u~ includ~d in the abov~ ~nd fw~oirq d~sviption ~nd Mbendum.
~ TO HAVE AND TO HOID the abow d~wibed and 9ra~ted premaes unro tM s+id ARORTGAGEE, its suuesso~s and auigns forsv~r. Md th~ wid
~ MORTGAGOR fa lt 5_- heirs, e:ecuton, adminiitratas and auipns, he~~by covensnts with the ~aid MORTGAGEE, its wcces~on ~nd ~ssiprn,
~ that - 1L 1S iawfully s~iud of tl+e ssid premises in ie~ simplr, tMt ths sarn~ u~ frN, cl~u ~nd discMrycd from dl liem uid encvm~
~ brences in law w in equity, and thae lt w~~~ 1tS ~;n shs~~ M,~~~~~t and def~nd t}w titl~ to tM tam~ to th~ said
; MORTGACaEE, its successors ~nd ~ui~ns, fa~vtr a~ainst the lawful claims and de+nands of •II persons;
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PROVIDED, ALWAYS tMt if the MORTGAGOR shall pay vnto tht MORTGAGEE the promissory ~ot~ heri~nbeiw~ datrib~d and shall huly, p~omptly
- and fvlly perfwm, d~sch~ry~, execute, compbte, comply w~rh and abide by ~ach and every sM stipul~tions, ayreemenn. coodiiwns •nd covsosnn of ,aid
promissory note and of this Mwt~ayt, tMn this Mortya9e and tFx Estate ba~by ve+ted sh~ll u~se and be null a~d void. ~
- IT IS UNDERSTOOD tMt tM word "Nbrtyapor' whether in tl+~ sinpula? o~ plwa! anywi+er~ in thn Mortyaye. ~h~ll b~ dnpular if on~ anly u~d
- shall be plurd jointly ~nd severally if mon than on~, and tMt tM word "their" ~t ~sed anywh~r~ in tha Mat9~ye shall b~ t~k~n to me~n "hb:• •'Mn;•
~ o~ "its:' wherever the cont~xt w implits p admin. Also, th~t wherever there is • nference in the covenann and ap~eements hNSin contiuNd to ~ny of 's
~ rhe p+?ties herero, the ~ ahal~ b~ construed to mesn ss well ~s th~ heirs. Ipal r~ewntstives, successon and assiyro (either voluntuy by ~ct of th~
_ pa~ties or involuntary by op~r~tio~ of the Iaw) of the s~me and that the covensnts herein conbined ihall bind and the btrwfiri a~d ~dvantspp inwe
ro tl,~ respective hein, I~yal represent~tives, svccesson and au~yru of the partiea hereto.
Md uid Mwtqagors, for themselvp snd their heirs, byal represenutiws, successora and assgnf. Mreby joi~tly and averally tovenant ~nd apret
~ ro ~nd with the s~id MORTGAGEE, its wcceswn ~nd assigm:
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1. To pay all and sirgubr tM princ;pal and interea ~nd tFN vuiovs snd wndry wms of rtarKY paY~bl~ by virtw of said promissory note, ~nd tF?if
- mortya~e, e+cF? ~nd svery, promptly on tFw d~yt respectively tFw same s~ve~ally becor?~e dw.
- 2. To p~y ~II ~nd sinpula tM taxa, ai~ewn~nb. Iwies. I~abilities, obliyations ~nd ~ncwnb~anus of ~v~ry natur~ ~nd kind now on uid d~scrib~d
p.opt~ry• a rhat he.eahN may be imposed, wffe~ed. Pl~ced, kvied. a auessed thereon, a th~t M+eafta may b~ I~vied a aresssd upon tl~is Mat~
~ ~ge, o~ tM ind~bfedneq secwed her~by. ~ach aod wery, when dw and payabb. ~ccordinp to law, befa~ th~y becane delirqvent, and b~fae N+p in»re+~
- artaches or +ny penalty is incvrred; AND INSOfAR AS ANY TMEREOF IS OF RKORD THE SAME SHAII bE PROAMiIY SATISf1ED AND DISCHARGEO OF
REGORp ANp TME ORIGINAL OffICIAI OOCUMENT (SUCH A5, FOR INSTANCE, TNE TAX RECEIPi OR THE SATISFACTION PAPER OfFIC1AllY ENOORSED
OR CERTIf1E0) SHAII BE PUCED IN THE HANDS OF SAIp MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; and in tF~e evtnt that a~y thertof is not
paid, sat"sficd •nd discharged w:d MORTGAGEE may at a~y time p~y the same w~ny part the+eof without waiving w•ffectirg any option, lien, squiry w
•~qht under w by virtue of this mortgsge ~nd the lull amount of each and every such payment ~Full be immediately dve and payabk and sMll b~a~ infaest
^J ~.om rhe d~te the.eof until paid at rate of nine per centum per annum ~d~ nh such i~~~q~ll be secured by the lien of th's morqtpe.
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