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Home My WebLink About1020 ~ ~ 24U0~2 ' THIS INDENTURE, Mad~ the 18th day of SgpLember A.D. 19~ betwee~ Vincent James Lovalvo and Mary Lovalvos his wife o{ St • j.l1C 1@ County Florid+, hereinaiter de~gnated as the "MORTGAGOR;' an~ FIR~T ~EOERAI SAVINGS ANp LOAN ASSOCIATtON OF FORT PIERCE, • corporot~on wganized a~d existing under the Iswi of the Unitcd Sratos of America and having iti pri~cipal place of business in the City o1 Fort Piares, S1. Lucie Counly, Flwida, hereinaiter desipnated ai ths "MORiGAGEE:' WHEREAS the MORTGAGOR is justly irtdebted to the MORTGAGEE in the sum of S 20,~0~•~ , good and lawfui money of the United S~ates advanced by the MORTGAGEE unto ~he MORTGAGOR, as evidenczd by a certain promissory note of even dare herew~fF+, ol wh~ch tFu (ollowin~ in wwds and figures is a true copy, to-wit: =20,000.00 ~ 11000010 fort Pierce, Fla~da, September ~a; ~q 72 F.+. ~a~,... received. 1. we or either of us, prom~se to pay, without defalcat~on, to the order of FIRST FEDERAL SAVINGS ANO LOAN ASSOCIATION Of FORT PIERCE at Fort Pierce, Florida, the sum of S 2O s0~0 with interest from date at the ~ate of 5°,o per annum, in momniy mstaii- ments as follows: S 148 on the l st day of November , ~q~ and a like sum on the correspond~ng day of each month there- after until the whole be fully paid. Each install~nent first shalt be appliad in payment of the interest and then on the unpaid balance of the princ~pal aum. Ii d ault is made in the payment of a~y insraUment when d~e, and such default coNinues 30 days, the~ at the option of the holder, and without any other not~ce, all the remaini~g ~ns~allments shall be due and payable at once. Privilege is given to prepay fhis note in whote or in part at any time withovt penslty. NeitFxr faebearance, nw accepfance by the holder thereof after any defautt in any paymenes hereo~, shall be deemed rxtension. A late paymenl ch~rg~ of s 7•~ shall.be addecl to each installment remaining unpaid 7 days after its due date, and a like sum shall be added to each such installment remaini~g uopaid 7 days after each succeeding payment date. Each maker, surety and endorser hereof, joinlly and severally, waives demand, presentment p~otesf and notice of protest fw nonpayment, and further agrees to any extension o+ time of payment, either before w after maturity, wilhout notice to any of us; and to pay all costs of collection, intluding a rrasonable attwney's fee in the event of any default hereunder, and hereby seve~a~ly waives aIl benefit of homestead and exemption undet the cor~stitution and taws o/ each Srate of the United States, as against tAis obligafion w any extension or renewal hereof. r Witness the hand and seal of eath party. - ' S/Vincent James Lovalvo ($EAu (SEAI) S Mar i.ov lvo ~EaU ' (SEAU ( ~ 3O • ~ ~ State Revenue (SI ]~od~mQ)OC NOW. THEREFORE, the MORTGAGOR for the purpose of secvring payment of ssid sum of = 2O and the perfo?mance of the covensnts and agreements hereinafter expressed, and for divers good and valvable considerations, by these preseros, does grant, bargain, se~l, remise, release, convey and confirm unto the MORTGAGEE, its succeuors and auigns, all that certain lot, piece or psrcel of land, situate, lying, and being in fhe Couny of SL. Lueie and State of Fbrida, desuibed fol{owt: Lot 26, B2ock 2, So~th Port St. Lucie, Unit as per plat thereof on file in Plat Book 12, pages 1 and 2, public records of St. Lucie County, Rlorida.f 3 ; i , ~~~OA1 o F s°Rr^%h' t "C"~ ~ p0 ~~'?~N~~~ = _ 3 0• ~ ~ j ~ _ DfPt'~f R ~6•i2 ~ i - ~ IN PAYb1EM OF TAXQ ~ N ~ ~ z c :r Ps- ~ ON ClASS 'C' INTANGIBIE PERS011:1L P -ig o y t~~^.? Pt1RSUAt~~ TO CtiA?•~'+ 71-13~. A;.'iS Of lyl~l~~~(~ y~ ~ p RO::ER PQITRJI3 CI.ERK C?~CU7T CpLdT. Sf. tt1CtE Co., fUl together witfi aIl snd singular the tenements, hereditamenrs and appurtances t)x~tunto belonging a in anywise sppertaininp thereto, and dl renb, iuues, proceeds and profits accruirg and to acuve from said premises, sll of which are included in the above and foregoing dewiption and habendum. TO HAVE AND TO HOID the above desc.ibed snd gramed premises unso the said MORTGAGEE, its succeswn s?+d suig~s forever. /lnd tlk ~aid the ir MORTGAGOR for heirs, executors, administr~tors ~nd assigns, hereby covenants wit6 the said MORiGAGEE, in tucceuon and ~ssiyiu, ~hat - the~/ are _ lawfully seized of the said premises in fee simPle; that tf~e same are free, ctear ard discharged fram ~11 lien~ and encwir brances in Isw w in equity, ani! that they W~~~ a~ thei r ~irf shall wsrrant and defend 1he litle fo tM ~am~ fo 1M said NIORTGAGEE, its successo?s and ass'igns, forever against ~he lawful claims and demanda of all persons; PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto tF?e MORTGAGEE the promiuo?y note hereinbefore described snd shall truly, promptly and fully perform, d~scharge, execute, complete, comply with and abide by each and every the itipulations, egreements, condit'rons and tovenants of s~id promisswy note and of thi~ Mwtgage, then this Nbrtgage and the Estate hereby aeated shall tesse and be null and void. Ii 15 UNDERSTOOD that the wwd "Mortgsgor" whe:her in the singular w plural ~nywhere in this Mortyage, shall be sinyular if one only and shall be plurel jointly and severslly if mwe than one, and that the word "their" as used anywhere in this Mortg~ge shall be bken to mean "his;' "hen," or "its," wherever the context so implies or admits. Also, thst wherevrr fbere is a reference in the covenants and sgreementt hcrein contained to ~ny of rhe p~rties hereto, fhe same shall be construed to mean ~s well as the heirs, legal rep~esentatives, tutcesson and assigns (either voluntary by ~cf of the partia or involuntary by operation of the (aw) of the same and tha~ the covenanrs herein contained ahall bind and ths benef;ts snd edvantsgq inure to !he respective heirs, kgal representatives, succeuws and au'gns of the parties hereto. And said Mwtgsgo?s, fw themulves and their heirs, legsl representatives, successors and auigns, hereby joiMly and severally covenant and ayree to and with the taid MORTGAGEE, its successors and assgns: 1. To pay all and singular the prirxipal and interesf and the various and :undry sums of money payable by virtue of said promissory note, and this mongsge, each and every, promptly on the days respectively the ssme severally become due. 2. To pay all and singular the taxes, asse:sments, levies, liabilitiet, obligatio~s and enc~mFxantes of every natvre snd kind now on aaid deWibed property, w that hereafter may be impoted, suf~ered, ptxed, levied, or ~uessed thereon, a that hereafter msy be levied or assaud upon thls Mwtp- age, or the indabtedness ucured F~ereby, exi~ and every, whe~ due and payable, accading to law, befue they become delinqueM, and 6efwe any interest attaches or any penalty is incurred; AND INSOFAR AS ANY ?HEREOf IS OF RKORD THE SAME SHAII BE PROMPTLY SATISfIED ANO ~tSCHARGED OF RECORD AND 1HE ORIGtNAI OFfKiA~ DOCUMENT (SUCH A5, FOR INSTANCE, 7HE 7AX REtEIPT OR THE SATISFACTION PAPER OfFIC1AllY ENDORSED OR CERTIf1ED) SHAIt BE PIACED IN THE HAN~S Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in tF?e event that any thereof is no1 paid, sat sfied and diuF~arged sa'd MORTGAGEE may at sny time pay the samt w ~ny parl Ihereof wirlwut waiving or affecting any option, lien, eqvity or .iqht under or by virtue of this mortgage and the full amount of tath and every svch payment shsll be immediately due and payable and shall besr interest ~rom the date thereof until paid a+ rate of nlne per centum per annum and toget er ~w~th such interesr shall be secured by the lien of th:s mwyta9e. BCQK~U7 P/;6E~~~.V 4 Sr._ . _ . . . 4 - ~ ~s ~z~, ' :'c~'x t i