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Home My WebLink About0072 ~ 235~20 THtS INDENTURE, Mads the ~th day o( AuSU St - A.D. 19 72 between John Oxtado and Tonita Ortad,4, his wife of SL. 1.l1Cle CWnty Fla~da, hereina(le~ dagna?ed„as ~he "MORTS'aAGOR;' and FIRST fEDERAI SAVINGS A~1D LOAN ASSOCIATION OF fORi PIER~E, a capwat~on wganized and ex~st~ng under the I~w~ of the U~ited Staqs ot America and having its p~incipal plice of busineu in ~he City o( Fwt Pimce, St. lucie County, Florida, hereinaita desgnated ai the "MORIGAGEE:' WHEREAS tha MORTGAGOR is justly indebted to the MORTGAGEE in the sum of s 3O~ 000 . 00 yood and lawful money of the Un:1ed Sfatei advanced by the MORiGAGEE unto t~~e MORiGAGOR, as evidenced by a cer~ain promissory note of even date herew~th, of wh~ch the (ollowinq in word~ and figures i~ a true copy, to-wit: = 30,000.00 ~ 1-6 ~ fort Pierce. Fiwids. Aug V S t ~3 + 19 72 Fw value received, 1, we w ei~her of us, p~om:se to pay, without defalcation, to ~he order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ~ FORT PIERCF at Fat Pierce, Fbrida, the sum of j 3~ 0O0 • ~0 with interest from date a1 Ihe rate o( 7. 5 0o per a~in~m, in monthly inslall- ~:,ents as fo~!ows: S 242 on the 15t day of ~eember ~q 72 and a I~ke sum on the cwrespond~~+g day ot each monrh the~e- after until the wF.ole be fulty paid. Each insrallment first shall be appl;ad in paymeot of the interest and ~hen on the unpaid balance of the prinupal sum. If d ault is made in the Fayment of any insfatlment when dve, and such default ccni~nues 30 days, then at the option of the holde•, and without any other ~ot~ce, atl the remaining :~~stallments shail be due and payab!e at o~te. Privilege is given to prepay this note in whole o? in psrt at any time without penalty, Neither fwebearance, nor acceptance by tho hplder rhereof afrer any deiault in any payments hereon, shall be deemed extension. A late paymertt charge of S 12• 1O, shall be added ~o each instatlment remain~ng unpa~d 7 days after its due date, and a like sum shall be added to each such installmeot remaining unpai! 7 days after each succeediog paymem date. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayment, and fu?the~ agrees to any extens~on of time of paymen~, either before or after maturity, wi~hout not~ce to any of us; and to pay all tosl: of collectio~, including a reaso~able attorney's fee in the event of any default hereunder, a~d hereby severatiy waives all benefit of homestead and exemption under fhe constitution and laws of each State ot the Un;ted States, as against this obt;gation w any extenaion or renewal hereof. Witness tFx hand a~d seal of each party, s/ John Ortado ~Ay - ~ (SEAL) s/ Tonita Oztado ~~Ai~ i ~ S• ) Srare Revenue fbts~s ~~d~ooasgfm~! aome) NOW, THEREfORE, the MORTGAGOR fw the purpou of sauri~g payment of said sum of j 30 ~ ~ , and fhe performance of the covenants and a9reements hereinafte~ exp~essed, and for d'~vers good snd valuabte cons~derations, by Ihesa p~esents, does grent, bargain, setl, remix, release, convey and confirm unlo the MORTGAGEE, its svcce:wrs and auigns, all that certain tot, piece or parcel of land, situate, lyirg, and being in the ~ County of SL , Lucie and Stste of Florida, described ~s follows: / ,Lots 20 and 21, B2ock 106, LAKEWODD PARK, UNIT 9, as per plat thereof on file in Plat Book 11, page 27;~ of the Public Records of St. Lucie County, Florida, r _ C~ ~ S~(~Al"~ ~F FLORIUA ' j z DoCU~Fr!rn~p-w~~sT[,~P Tp X f~i , ~c.~ ~ = auc-s~n - - -,~~~'~~~J~~'? ?-t,°~ = a • i4500 - L~? y GE?T_Of REiElidi ~ • ~ P.B.,9o~ _ ~ ~ ti1\tc. , ~~,~1 . '~~(f togNher with atl and singular the tenements, hereditaments snd sppurtance~ thereunto belonging d i~ anywise appenaining Ihereto, and all rents, iuue~, proceeds and prof~ts +ccruing and to acuue from said p?emius, all of which are included in the above snd foreqoing desuiption ~nd Mbendum. TO HAVE AND TO HOID the above described ~nd grented premises unto the said MORTGAGEE, its sucusson and assigns forever. Md iha said MORTGAGOR fw --x h-g 1-X------ heirs, executws, administrators and assigns, hereby covenants with the said hWRTGAGEE, its succason +nd aaigro, fhat lawfully sei:ed of the said p?em~ses in fee simpte; that the same ere trae, dear and discharged from all liena and encum- brantes in law or in equity, arK! ehat t hev W~~~ ~~d their heers il~all wananl and defend the fitle to fhe same fo the said MORTGAGFE, ita sutcessors and au~gns, forever against the lawiul claims and demands of all perspns; PROVIDED, ALWAYS tfiat if the MORTGAGOR shall pay unto the MORTGAGEE the promisaory note heteinbefore described and shall truly, promptly and fully perfwm, d~uhsrge, execute, complete, comply with and ab~de by each snd every the stipulatio~s, agrecrrKnls, condit)ons and torenants of s~id promissay note snd of this Mortgsge, then this Mortgsge and the Estate hereby ueated shall cesse and be null end void. IT IS UNDERSTOOD that the word "Mor~9agor" whether in the singular w plurat anywhere in this Mortgage, shall be singular if one only and shsll be plural jointly and severally if more than one, and that the wud "their" as used snywhere in th~s Mortgage :hall be taken to rtxan "his;' "hen," or "its," wherever fhe contexr so implies or admits. Also, that wherever there is s reference in the covenant~ and sgreements herein confained to any of the parties hereto, the sarr~ shall be construed to mean a~ wetl as the heirs, legal representativei, suctessas and assigns (either voluntsry by act of the parties or involuntary by operation of fhe lawj of the same and fhat the covenants htiein contained shall bind snd the benefitf and advanlages inwe ro the respective heirs, legal representatives, successors and ass~gns of the psrties hereto. And said Mwtgagors, fa themselves and thei~ heirs, Icgal representatives, s~ccessors and assigns, hereby jointly and uveraliy covenant a~d agree ro and with the said MORTGAGEE, its successors and assigns: 1. 7o pay sll and singular the principal a~d inrerest and the various and sundry sums of money psyeble by virtve of said promisswy note, and thia mwtgsge, each s~d every, promptly on the days respectively the same uverally become due. Y. To Fay all ~nd iingular the taxes, assessmenn, levies, liabifities, obligstions and encumbsnces of every n~ture and kind now o~ taid described property, p that hereaitd may be imposed, suffered, placed, kvied, or ~sussed thereon, w that her~a(ter may be levied w usessed upon thii Mortp- age, a the indebtedneu secured hereby, each and every, when due and pay~ble, xcording to iaw, before they become delir?quent, ahd before any interost attaches w any penalty is incurrcd; ANO INSOfAR AS ANY THEREOf IS OF RKORD THE SAME SHAIL BE PROMPiIY SATiSffEO AND DIS~MARGfD OF RECORD ANO THf ORIGff~Al OffIC1Al DOCUMFNT 15UCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAFER OFFICIALLY ENDORSED OR CERTIFIED) SHAII BE PlACEO IN THE HANDS OF SAID MORTGAGEE WItH{N TEN DAYS NEXT AFTER PAYMENT; snd in fhe event that any thereof is ~ot paid, sarsfied and discharged sa'd MORTGAGEE may at any t~me pay the same or any part thereof withovt waiving or affeUing sny option, lien, lqvity or •iqht u~de? w by virtve of this mo~tgage a~d the fu~i amount of each and e~ery such payment shall be immediately d~e and payable and shall beu infercst ~.om the date thercof until paid a~ rate of mne per centum per annum ~c th such inte II be secured by the ~ien of th:s morgbge. 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