HomeMy WebLinkAbout0205 F~v~~ ~ ~ ~
THIS INDENTURE. Mad4 the 5th day of `j~ A.O. 19 72 betwee~
_ Vito Palazzolo and Louise Palazzolo, h s~ e
- - __~T~ ~ .
- of St • j'11Ci@ Counfy Fiwida, MreE~aiier deignsSed ss the "MORTGAGOR;' ~nd FtRST FEDERAI SALINGS AND IOAN ~
ASSOCIATION Of FOAI PIERCE, a cwpaarion ayinized and exiiting unde~ ~hs laws of ths Un~ted S~at~s of America and Mvinp ib principal pl~ce of
t~ busirau io tM Ciy of fott Pierce, S?. lutie Counry, flpid~, hereinafta deiipn~ted as 1M "MORTGAGEE:'
WNEREAS the MORTGAGOR is jvstly indebted to the MORTGAGEE in the sum of : 15 ~ 5~ , good and lawful money oi the Unlred
~ Srates advanced by the MORiGAGEE unto ~he MORiGAGOR, ~s ev;denced by a tertain promiuwy ~?ote of e~en da~e herewirh, of wh~ch the (ollowing in
words and figurei is a trw copy, to-wih '
s 15i500.00 ~ ~ 3~18z513
. Fott Picrce. Flaida, J~Y S• ~q 72
Fw value received, 1, we or either of us, prom~se to pay, without defaltation, to the order of FIRSi FfUERAI SAVINGS ANC1 IOAh ASSOC:ATIPN OF
~ FORT PIERCE at Fwt Pierce, Flwida, the sum of S 15~5~~~ w;fh intero~t from date at the rats o!7 •7+y6 per annum. in monthly insta~l- '
128 00 iSt AU9l1St ~2 ~
~~enrs as fottows: S • on the day of , 19 ~nd a like sum on the cwresponding day of each month therr
after until ~he whole be fully paid.
~
fach installmenl first shall be applied in payment of the interest and ihen on fhe unpaid balance of the prindpal s~m. If d au~t is made (n 1he
F:a~meM oi any instaHment when due, and such defaule continves 30 days, lhen at the opti~n of the hotder, and without any othe~ not]ce, all the remaining
~~~sfaiiments shall be dve and payable at once. Privilrge is given to prepay this note in whole o~ in part at any time without penalty. Neither faebearar+ce,
~ nor acceptance by the holder thereof after any deFault in any payments hereon, shall be deemed eatension. A late payment charge of S 6' shall be
added to each installment remaining ~npaid 7 days aiter its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after ~
~ each succe~eding paymeM date.
h
Each maker, surety and endorser F~ereof, jointly and severally, waives demand, p~esentment protest and notice of protesl fo~ nonpayrt?ent, and furthet
~ agrees to any extension of t~me of payment, either betore w after mafurity, withouf not~ce to any of us; and to pay all costs oi collett;on, includ;nQ a
reasonable attwncy's fee in the eveN of any defaup hercundcr, and hereby severally waives all benefit of homestead and exemption under the tonstitutao '
~ ar,d laws of each 5rate of the United States, as aga~nst this obtigation or aoy extension o~ renewsl hereof.
Witness the h~nd and seal of each pa:ty.
S/Vito Palazzolo ~u
~
~ (s~?U
y S/Louise PaZazzolo ~i~
~ $23.25 ? State Revenue ~~u
_ (
NOW, THEREFORE, the MORTGAGOR 4w the purpox of securi 15 ~0 ~ ~ a~
ng psyment of sa~d sum of i ~ • performance of ths
covena~ts iad ~greements hereinafter expressed, and for divers good and valuable cons'w'erations, by these paents, does grant, bargain, tell, remise,
release, convey and confirm unfo the MORiGAGEE, its s~cceuors and auign~, al! that ccrtain lot, piece or parcel of land, situste, lying, and being in the
Caunty of $t . t'UC ie snd Stats of Fbrids, described as follows:
Lot 4~ Block 70, RIVER PARK - UVIT #7, as per
plat thereof on file in Plat Book 12, Page 41, ~
on the Public Records of St. Lucie County, Florida. ;
~ S1Af~~FF-LUkI~~~~ -J
~l ~ DOCUNE~!~~,~°~ ,`•~r+~'.!~-T (17
f~,. - - ~ IN PAYMEMf OF f111~
Jl:L1U'72 '1~ ~~;~1 = DtE OM CtASS'C INTAlM{BlE PERSOiL1L pRO~ERR
o ~ ~SfMKt TO CNMiER 71•13t. ACiS Of 19)1. e
V - '~232~ '
a oEPi.Ci R_:E':'~i a. s~~;~`~ = eoc~? ro~r~us
P.$.~vo~~t . t1tERK dIiCUR COURT, Si. UlCIE Q~, flJl
i
together with all and singular the tenements, hcreditaments and ~ppurtsrttes tF~~unto belo~ging or in anywise ~ppertaininp therefo, ~nd ~tl renri, iuues,
proceeds snd profits acuuing snd to aarue from said premisea, aU of which are inclvded in the above ~nd foreQoir.Q dewiption aod h~bend~?m.
TO HAVf AND T HO~D the above desvibed and ynntcd premises unto the said MpRiGAGEE, iM suaessors and auiynt fwevK. Md tlN ~aid
MORTGAGOR fw ~he sr ~~~s, exccutors, administr~tors snd ~ugns, hereby covenants with ti+e said MORTGAGEE, its succeuon and assigrn,
rhar they are ~awfully ae;zed of the said premises in fee simple; thst the s~me are fres, cka~ and dixh~ryed from all lieiu +~d ~ncum~
brances in law or in equity, snd thst thev will and thelr hein shall warrant and defend ths titb to the aam~ to the s~td
h10RTGAGEE, its :vcceuors snd ~ssigru, fwever against the Iswful clsims and demands of atl perswu;
PROVIOE~, ALWAYS tMt if the AAORTGAGOR shalt pay unro the MORiGAGEE the piomiswry note hereinbefwe described ~rad aMll huly, promptly
and fully perform, d~ici~arge, execute, compkte, comply with ~nd abide by esch and every the stipvlations, agreemenri, conditions and cwen~nri of said
prom~ssory note and of this Mortgage, then tbis Mortgage and the Estafe hereby created shall cease and b~ nuli ~nd void.
iT IS UNDERSTOOD thst the word "Mwtg~gor" whether in the singular w plurat anywhere in fhis Mwtqaye, shall be senyular lf wa only ar~ ?
shaN be plvral 'pinNy and severaliy if more than one, and that the wpd "thei~° ~s used anywhero in this Mort~age iFull be taken to mean "his;' •'Mrs,'Q
or "its;' wherever the co~text so implies or admits. Also, that wherever there is a reference i~ the covenann a~d ayreeme~ts herein cont~i~ed to ~ny o~ .
+he pa~fies hereto, the same shal! be corutrued to mean as well u the heirs, leysl rspresentativet, succeasors snd suigns {either volvntary by act of tF+~
parties w invotuntary by operatan of the law) of the same and that the covenants herein contsi~ed sF~alt bind and the benefiri and advam~es irwrt ,y
ro the respettive heirs, legal represeMatives, succeuws and au~gm oi the parties hereto. ~
And said Mort o-.
9sgors, fo~ themsetvts and their hein, lega! rep~euntatives, suctes~o+s ~nd assigrn, hereby jointly and severafly covensnt ~nd ayree
ro and wi~h the ssid MORTGAGEE, its successas and auigns:
1. To pay all and iir?9ulsr Ihe pr;nc;pel and interest snd the wrious and sundry s~ms of mw~ey payable by virtue of said p?omissory note, and this Q
r„wtgsge, esch ~nd every, promptly on tf+e days respectively tMe ssme sewer~Ny bec«ne due.
T. To pay atl and singul~r the taxes. ~ssessmenn, levie~, liabititees, obligatia~s snd encumb~nces of erery nsturo ~nd kind now on uid desplbed ~
property, p that hereafter msy be impo~ed, wffered, plxed, kvisd, or ~ssessed thereon, p thst hereafta may be levied or asseued uppn thy c~
age, a the ir~debfedneu secured hereby each snd ~very, wher? dve and pay~ble, xcadinp to law, before they becane dslirpuent, and befws any int~s~ D°'
ariaches or sny penslty is incurrcd; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII bE PROMPTIY SATISf1ED AND DISCHARGE~ OF
RECORD AND THE OP.IGINAL OfFIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE 1AX RECEIPT OR THE SATISFACTION PAPER OFfICIAILY ENDORSED
CR CERiIFiED) SHAtI BE PUICED IN THE MANDS Of SAID MORTGAGEE WI~HlN TEN DAYS NEXT AFTER PAYMENT; antl in the event that a~y thereof is ~wt
paid, sat'sfied and dixha:ged sa:d MORTGAGEE may ~t any time pay the ssme w any part thereof witho~t wa;ving o~ affecting any option, lien, equity a
•~aht under or by virtue of this mortgage and the full amounr of each and every such payment thall be immedNtely due and payable and shall bear i~terest
~~om the date thereof until paid at ~ate of ~~ne per ce~tum per ~nnum and togetl~er w~th such inrerest shall be secured by the lien of th:s morgtape.
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