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Home My WebLink About2446 23s83i THIS INDENTURE. M~d~ the 16th day of August ' . A.D. 19 72 bet..ee^ Arnold_,J Townsend 1~ and Ma ry E. Townsend, his wife of Co~nty Flotida, hereinaiter desy~ated as the "MORTGAGOR;' and FIRST FEOERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, ~ corpwation wyanized and exiiting u~dr the laws of the United S~a~ts of A.ne~ica and having iri principal place of busmess io tM Ciy of Fort Pierce, St. lucie County, Flaids, herein~iter designated as ths "MORTGAGEE:' = 21 f 2~ ~0O od and lawful mone ot the Un:ted ~ WHEREAS the MORTGAGOR is lustly indebted to the MORTGAGEE in the sum of go Y Sratzs advanced by the MORTGAGEE umo the AAORTGAGOR, as evid~:~xed by a cenam promissory note of even date herew~th, oi wh~ch the following in wr.ds a~d iigures is a true copy, to-wit: z 21.200.00 3-18,682 ~ Fort Pierte, Flwida, August I6 19 72 „ Fw value received, 1, we w either of us, promise to pay, without defalcatio~, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PiERCE at Fort Pierce, Florida, the sum of S 21 ~ 2~ w~th interest irom date at the rate of Za~_°o {xr annum, in monthly instal~- ~ r~,eros as foL'ows: S- 171~QO a+ ~h~ day of etober 19_ 72 and a like sum on fhe cwrespond~ng day of each month 1FKre- ~ afrer until the whole 6e fully paid. • Each install~nent first shall be app~~ed in payment of the interest and then o~ the unpaid balance of the princ~pal sum. If d ault is made in the payment of any inslallment wheo due, and such default coroinues 30 days, then st the option of Ihe hoider, and without any other notice, all the remaining ~ ~nstallments shall be due and payable at once_ Privilege is given to p?epay this note in whote or in part at any time without penalty. Neither fwebearante, ` nor acceptance by the holde~ flxreof after any default in any payments hereon, shall be deemed extenseon. A late payment charge of S 8~ SS-- sha~~ be added to each ins?altme~t remaining unpa~d 7 days after its due date, and a like sum shall be added ?o each such installment remain~ng unpaid 7 days alfer each succeeding payment dare. ~ Eath maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest ar.d no~ice of proteat fw nonpayment, and further agrees fo any extension of time of payment, either beiore or after maturity, without not~ce to any of us; and to pay alt costs of collxtion, indud:ng a ~ •easonable attorney's fee in the event of any de(au~t hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution and laws of.each State of the United States, as againsl this obligation o~ ~ny extens~on or renewal he~eof. Witncss the hand snd seal of each party. ` (SEAL) , S/ Arnold J. Townsenc~. Jr. ~~Ai~ ~ ~ REAI) S/ Mary E. Townsend ~~U ( ~ 31 ~ 8~ ~ State Revenve cLrow~ps eurce~+ed ~a+ origirral~o~e) • NOW, THEREFORE, the MORTGAGOR iw the purpose of secvring payment of said sum of S 21 ~ 2~.~0 and the pe?formance of the cove~ants and agreements hereinafter expressed, and fw divers good and valvable conside.ations, by these presenfs, does gram, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and assigns, all that certain lot, piece or parcel of land,-situate, lying, arsd being in the County of $t . LuC lE and State of Fbrida, dewibed as follows: Apartment C-1-20~ of COLO~~iNADES CONDOMINIUMS NO. 2, a condominium, according to the Declaration of Condominium, recorded in O. R. Book 188, page 1848, of the Public Records of St. Lucie County, F'lorida, TOGETHER WITH all of its appurtenances according to .~y said Declaration. ~ ' { f ~ ~ ) . i aF L O F21 t~ A „ `~~~r P Sl l~ E ~w~r~'~ ?"n,w~,~ ~nr°n °F ~ Q~ ST:,ifP T'~X ~ ~ DoC~~NGr~zA~~,: - ~ ~1_~~~~ h~p,~n ? ~ = auc3o~n ~f ~ 3 18 0 = ~ c~~cuR ~~"°'r"u,~c?s °F »~1. ,:r= ~ ~ - a ''M,_~ ~ ~ ~ y - - ~ F(I~ • y4 uEiT.OF tEiFKUE P.B.~eo~~2 = _ rogether with •II snd singular the tenements, hereditamenri s~d sppurtances thereunto belongir?g w in snywise appenaining thereto, +nd +II rents, iuues, proceeds and profits scc?uing and to accrue from said p~emixs, all of which ue includcd i~ the above and fwegang dewiption end habendum. : TO HAVE AND TO HOLD the above dewibed and granted premises unto the said MORTGAGEE, its successon and sui9ns forever. Md tM s+id MORTGAGOR fo? their ~~~s, executors, sdministrators and assigns, hereby covenants with the said MORTGAGEE, it~ successon and auiy~s, that -th- e~a re - lawfully seized of the said premises in fee simple; that the same ~re free, dear snd dixharged from all liens ~nd er?cvm~ brances in Iaw w in equiry, and that they will and th~ r hein shall wsrrant and defend the title to the ssme to tf~e s+id ~ MORTGAGEE, its succeuws and assigin, faever sgainst tFx lawful claims and demeods of aU persons; 4'•: PROVIDED, ALWAYS tlwt if the MORTGAGOR shatl psy umo the MORTGAfiEE the promiuory note hereinbefwe described +nd shall truly, promptly and fully perfum, diuMrge, execute, compkte, comply with and abide by each and every the stipulations, sgreements, conditions +nd coven~nts of iaid ~ promissory note snd of this Mortgage, then this Nbrtgage and the Estate hereby vcated shall cesse and be null and void- ~ IT IS UNDERSTOOD tMt the word "Mortgsgw" whether in the singular o~ plural ~nywhere in this Mwtgsge, shall be singulu if one only ~nd ~ shall be plural jointly •nd severally if more than one, and that the wad "their" ai used anywhere in this Mortgage shslt be taken to mean "his;' "hen," ~ or "its,' wherever the context so implies w sdmits. Alw, thst wherever there is a reference in the corensnts snd agrecments here~n contained to sny of ~ rne parties Fxreto, the same shal{ be construed to mean as well as the heirs, legsl representstives, successors and ~ssigro (either voluntary by act of the ~ parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages i~ure ~ to the rppective hei~s, legal representatives, succeuors and ass'gos of the parties hereto. ; And said Mortgagors, for themselves and their heirs, legal repreuntstives, succeuors snd assigns, hereby jointly and severally covenant and agree t ~ ro and with the said MORTCaAGEE, its successo?s and assigns: • ~s 1. To pay all snd singular tFu principal and interest and the various ~nd sundry sums of nwney payable by virtue of said promissoty note, snd thif mortgaye, esch and every, promptly on the days respectively the s~me severally become due. ~ 2. To pay all s~d singular the taxes, ~ssesunenb, levies, liabilifies, oblgations and encumbr~nces of every natu?e +nd kind raw on sa6d dewibed p•operty, p thst Ixreafte~ msy be imposed, suffered, placed, levied, or +ssessed thereon, o? lhat he~eafter may be levied a usessed upon this Mort¢ age, or the indebtedneu secured hereby, euh snd every, when due and payable, according to law, befwe they become delinqueM, snd before ~ny intereit atraches o~ +ny penalty is incurred; AND INSOfAR AS ANY THEREOF IS Of RKORD THE SAME SNAII BE PROMPTIY SATISFIED AND DISCHARGED OF RECORD AND THE ORIGINAL OFFICIAL DOCUMENT (SUCM A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffICIAIIY ENDORSED OR CERTIFIEO) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE VYtTHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any tFxreof is not ~ paid, utsfied and dixharged sa:d MORTGAGEE may at any time pay the same or any part thereof witfiout waiving or affecting any option, lien, equity or ~ •~qht under or by virtue o1 this mortgage and the full amount of each and every such payment shall be immediately dve and payable and shall besr interest ~rom the date thereof until paid at rate of nine pc~ centum per snnum and togethe? w~th such interesr shall be spcu~ed f lien of th:s mor tage. 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