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HomeMy WebLinkAbout3488 ;~~~39~'~ 1 THIS INDENTURE. Made the_ 4th day of December A.D. 19 72 between James E. Reetz and Sarah Regti• ~is wife _ _ ; • ' _ of St. WCle Gounty Florida, htreinafte~ des~3nated as the "MORiGAGOR," and iIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a corporat;on orga~~ized and e:~siing under Ihe laws of 1he Unlred S~atas af America and having it• principal place of business in the City of fort Pierce, St. Luue Counry, Fla~de, hereinaiter des~gna~ed as tM "MORTGAGEE:' Y.'HcAEAS t~~ b1~R'GdCOR +t ;::i::y :..'°bte~ !c !he 4=.QRiG~.GfE :n t~^ s:-:•,, s+f }12~000~~ - • ~ood and lawful mrnev uf the Un:ted States advanced by the 1~1pR1GAG:E ~nto the MORIGAGOR, as evidenc~d by a tertoin promisswy note of even date herewith, oi wh:ch the fu:ew~ng in .vo~ds and figures is a t~ue copy. to-wif: zI2.000.00 N,1001~~1 ~ Fort Pierce, Flaida, ~cember 4 _^19?? For value ~e:eived, I, wa ot either of ~s, prom.se to/~p/~ay, wi~hout drfa!c.~r!o~,, to ~he ordcr of fIR$T FEOERAI SAVINGS o~:D lt~N ASSO::i/4TIC'~ G~ 12 QVL7a~O ~ 7 Q• . a~}r~i,~n~ in mpnlhl ~I:~lai:- ~UItT F'itkCt ai iort Y~erte. Fiorida. Ine ium Oi ~--L-_ v.;:~: ,::;c:cst r~m f3oS~ 3? St:~ ra2e a~ --_.:a r°- . y ~ enrs as fo1!ows: S 94 • O0 on 1he10th day of Januarv , 19_73- and a like sum on the conespor.d:rt~ day o~ each month :!~e~e- eiter until ~he vvho:e be f~~ly paid. . Each ~ns~allment first shafl be appl~ed in payment of the ~nterest and rnen on the ur,pa~d ba!ance oi the prinopal sum. If de(ault is made in the _ ~a;ment of any insta~unent when d~e, and such default continues 30 days, then at the opt~on of the ho~der, and witho~t any other not:ce, all the remainbig ~ nstallmeMS shaii be due an~ payable at once. Pr~v~lrge is given to prepay this note in whole or in part at any t+me without penal?y. Neither forebearance, nor acceprance by the: holder thereof afTer any defa~it in any paymenis herron, shaN be dzemed extens~on. A late paymero charge of S 4~?~-. s~a~~ be .;d~±ed to etch instaiiment remaining u~pa~d 7 days aiter its d~e date, and a i~ke sum shall t~e addrd to each such ins:allmem remainirg unpaid 7 dayf after each succeed~ng payment dare. Eath maktr, surety and endorser hereof, jointty and severally, waives du~-~and, presentment protest ar,d notice ot protest !or nonpayment, arwi further a~rees to any extens~on o' ~vr.e of payment, eithar befo~e or after matur;ty, wlthour not;ce to any of us; and to pay a11 cos~s of coflection, ind~d ng a r.~esenable attomey's fee in the e~ent of any deleu't hereunder, and hereby sevecaliy wa~ves a!{ benefit of homestead aod exem ' nder the constitution ' ,~d laws of each State of the lJn~ted STa~es, as aga~nst this obligation or any extrns~on or renewal hereof. Witness tfie hand and seal of each par~y. / S 8^'~ (SEAL) ~l ~ ~ iSEAt) ~ S/ arah J. Re Z (SEAL) t ./t tsEn~) ~ ~18•0O ) $tate Revenue ~SSe'np~=eS~Qei1F~N?=6l~jiikt 7ifiEi ; ~f(; NON, THEREFORE, the MORTGAGOR for the purpose of securing payment of sa~d sum of S 12 ~ 0O" and the perfwmancr of the ~ covenants and agreemrnts hereinafter expressed, and for divers good a~d va~vabte cor.s~deratio~s, by these presents. dces g~ant, bargain, sel~, rem:se, ' re:ease, convey and coni~rm unto the MORTGAGEE, its successors and assigns, all that certain lot, piece or partel of land, aituate, lying, and beir.g in the County of $L . Lue i e and State of Fbrida, dewibed as follows: ti Apartment B-1-203 of COLANNADES CONDOMINIIIMS, NO. 4, a condominium aCCOrding to the Declazation of Condominium recorded in O. R. Book 198, page 2833, of the Public Records of St. Lucie County, Florida, as the same is amended in O. R, Book 199, at page 850, and O. R. Book 201, at page 2744, of the Public Records of St. Lucie County, Florida. TOGETHER k'ITH all of its appurtenances according to said Declaration. ~ f I I 4 ~ f ~ N -rE oF FL_ORiD~ ~ " ppCUMENIARY~ STA~ P.--T ti Y; ~ DEPT. YENUE'='ft~.,j',~;:A+'y ~ ~ _ - s,:~2~r'72 ~ I B. O O I f Y E p I N P A Y h f E N T O F T A X E S ~ pUE ON GASS'C INTANGIBIE PERSOtVAI. PROPERfY~ ~ ~ -,~2 ' PURSUANT 10 CHAPTER 71-134, ACTS OF 19i1. s~ o ~x ROGER POITRAS ~ CIERK CIRCUIT COURT, Sf. IW;IE C0, fU~ ~ ~ ~ rogether with a~l and singular the tenements, hereditaments anJ appv~te~~ces thereunto belonging or in anywise appertaining ihereto, and all rents, issues, proceeds and profits accru~ng and to accrue from said premises, ali of wh~ch are included in the above and foregoing deuription and habendum. ~ TO HAVE AND TO HOLD the above described and granted prem~ses unto the said MORTGAGEE, its successon and assigns forever. Md 1he said - 450RTGAGOR for -thg 1~-_--- heirs, executors, admin~strators and assigns, hereby covenants with the ssid MORTGAGEE, its suctessws and ~ssiyns, ~ +hat -s~-y lawfully seized of the said premises in fee s~mple; that the same are free, desr snd discharged from all lieni and etxum- ti b~ances in Iaw or in equit~, and that they M,;p a~d their heirs shall warrant and defend the title to the same to tFx said ~10RTGAGEE, itf successors and assigns, forever against the lawful claims and dert:ands of all persons; PROVIDEO, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the prom~ssory note hereinbefore dexribed and shall truly, prarptly and fu!!y perfwm, discha~ga execute, comp~ete, comply vrith and abide by each and every the stipulation~, agreements, ca+ditions and covenants of said promessory note and of this Mwtgage, then this Mortgage and the Estate hereby crested shall cease and be null and void. . ~ IT IS UNDERSTOOD that the word "Mortgagor" whether in the singula~ or plural anywhere in this /Nortgsge, shall be singular if one only and ^y :hall be plural jointly snd severally if more than one, and that the word "their" as used anywhere in this Mortgsge shall be taken to mean "his;' "hers;' A~ er "iu," wherever the tontext so implies o? admits. Also, that wherever there is s?eference in the covenants ~nd sgreemenrs herein contained to any of - ~he parties hereto, the same shatl be construed to mean as well as the heirs, fegal re~esentatives, iuccessors and assigns (either voluntsry by act of the parties or Ahvo~untary by operation of the law) of the ume and that the covenants herein contained shall bind and the benefits and advantagd ioure ~o the respective heirs, legsl representatives, succeswrs and ass~g~s of the parties hereto. And said Mortgaqors, for themse:ves and their heirs, legal reprosentatives, successas and a:signs, hereby jointly and severa~ly covenant and agree " +o and with the said MORTGAGEE, its successon and assigns: 4~~` 1. To pay all and singular fhc principal and interest and the various and sundry sums of money payable by virtue of said promissory note, and this mortgage, each and every, prompfly on the days respectively the same xverally become due. - 2. To pay ail and ~+ngular the tsxes, assessments, levies, liabilities, obligations and encumbrancet of every nature and kind now on said desaibed property, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon, or that hereafter may be lev~ed w assessed upon this Mwty- ~:j age, or the indebtedness secured hereby, each a~d every, when due and payabte, according to law, befwe they become delinqueM, snd before any iroerest a+raches w any penalty is incurred; AND INSOFAR AS ANY THEREO~ IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGED Of 5~~; RECORD AND 1ME ORIGIhAI OFfICtAI DOCUMENI (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIAIIY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS N'cXT AfTER PAYMENT; and in the event that any thereof is not - t~a~d, sat sfied and discharged sa d MORTGAGEE may at any t~me pay the same or any part thereof without waiving o• affecting any option, lien, equdy or ' •~~ht under or by virtue of this mortgage and the full amount of each and every such payment shafl be immcdiately due and payable and shall bear intere~t ~rom the date thereol until pa:d at rate of n~ne per cent~m per annum and together w~th such~~nNr j'~ be secured~y,~lien of th's morgtage. ~L'J! ~..U~ F~.'.;.; ~ A.. - - r~~ _ , . _ . . _