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Home My WebLink About1449 255184 ` i THIS INOENTURE. Nl~d~ tho 11 t h day of ' ridy . A.D. 19 7~ b~tvw~e? Howard W. Doran and Joan M. Doran, his wife ' St . Luc e ~ of Cow+fy Fiwida, M~~inaft~? dtsig~ated as tM "MORTGAGOR;' and FIRST FE~ERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporation o~u~i:ed ~nd existirg w+der tM law~ of ths United Sta~a of Am~~iu ~nd MvG+p iri principal pi+u of ; busints~ in th~ City of Fort Pi~rc~, 51. Luci~ Cou~ry, flwida, her~in+fta d~tipnated as th~ "MORTGAGEE." ' WHEREAS th~ MORTGAGOR is jvstly ind~bt~d to tM MORTGAGEE in the ium of i 21 , 1~~ ~ood +nd Iswful money oi the U~~ted ~ Statas ~dvanced by the MORTGAGEE ~nto tF?~ MORTGAGOR, ~s evidenccd by a certa~~ promiisory note of even date he~ew~th, of wh~ch the folbwinp in f~~ ~ ~~t ; ~d19"~~ , ~y. tvW~~: . N, i iooooba • fwt Pierc~, Flwida, May 11 , lq~_ v fw yalue received, I, we or either of us, promiss to pay. without defalcation, to the order of FIRST FE~ERAL SAVINGr~S~ AND IOAN ASSOCIATION OF ` ~ with interest from date at the rate of7' '7'e annvm, in monthly inualN ~ FORT PIERCE at Fort Pierce, Fbrida, the sum of : 21 100 . P°r menq as follows: i 174• ~ a+ ~he lOth d+Y of July . 19 73 snd a like s~m on the carespond~np day of each month ther~- after until the whole be fully paid. - ti Each installment first ahall be applied in payment of the intcrest and then o~ the unpaid balance of the printipal wm. If default is m~de i~ ths ~ payment of ~ny installment when due, a~d such default continues 30 days, then aF the option of the holder, and without any other nolice, sll the remaininy installmenb shsll be dve and payable at axe. Privilege is given to prepay this ~ote in whole or in part at any tims without pa~alfy- Neithe? forebtarance, ~ nw atteptante by the holder thereof after any defauh in any payments herton, shall be deemed extension. A lale payment tharge of ~~4 sh+ll be ; added to each insta~lment remaining ~npaid 7 days sfter iri due d~1e, a~d a like sum shsll be added to each s~ch installnxnt remaining unpaid 7 days aftet ~ each succceding p~yment date. j . Each maker, surety snd er~dorser hereof, jointly and severally, waives demand, presentment protest and notice of p~otest fw nonpsyment, snd further agrees to any extension of time of payment, either before or after maturity, without notice to any of ~s; and to pay all costs of collectio~, includ~~p • ~ reasonabk attwney's fee in the event of sny default hereunde~, a~d hereby severa~ly waives all benefit of homestead and exemption under the tonstituYan ~ and laws of each State of the United States, as against this obligation or any extension a renewal hereof. `v Witneu the hand and seal of each party. `L S/ Howard W. Doran ~q ; ~ r (SE/?U -L _ C~/ 7n a n M r a n (SEAI~ ~ ~531.65 ~ S~ate Revenve ~ ~u x~x~txaa~o~ac~~x~K NOW, THEREFORE, the MORTGAGOR fw the purpose of securing psyment of said sum of S 21 . 1~~ a~d ths perform~nce of ths covenanri and ag~eements hereinaiter expressed, and fu divers good and valu~ble consideretions, by thes~ presents, does grant, barpain, sell, remise, release, convey snd confirm uMO the MORTGAGEE, its s~ccessors snd sugns, a0 that cerain bt, piace or parcel of land, ~ifuate, lying, a~d being in ths County of St. Lucie ~nd Sute of Florida, dewibed ~s follows: .~lpartment Y-201, Commodore I, Colonnades Condominium ~7, according to the ~eclaration of Condominium filed in O. R. Book 211 at paqe 6 of the Public Zecords of Saint Lucie County, Florida. TOGETHER WITH ALL appurtenances thereto together with an undivided interest in the common elements and the ~imited common elements thereof. ~!'BJECT TO the.terms, covenants, agreements, obligations and provisions of said Declaration of Condominium which Mortgagor in all things does covenant to Mortgagee faithfully to observe and perform. I t f - ~ o ) " ~ f- t N Phlf MEMT OF TAX6 ~ ~y ~ OC MEN AT QY~,yp ~-ORlDA 1 R~ INTANGIEIE~.'ERSONAL PROPER[Y~ ev ~JR~IAMT 70 CHAPTE^. 71J3.. AG1S OF l91Lf'fjr ~ DE~t.OF RftlEAltlf L MP ~AX ~ 6' - ; _ +ur1;•~ ~ : ~ c1 Roc~ PoiTw?s - o tf~0i ~ J~ GERX CIRCUI7 OOURT. Sf. WCIE 1~,. F1A. i together with +II and singular the tenemenq, hereditaments ~nd +pp~?rtances ther~vnto belonginy w in anywise appert~ining thereto, and all renri, i~sues. pr«eeds snd profin acvuing and to scvue from said premises, sll of which +re included io the above snd fueyan~ descripYan and Iwbend+im. . Tp HAVE AND TO HOID the sbow dewibed ~nd yr+nted premises unto the s~id MORTGAGEE, in sucussors and +uiprn fwever. Md tM s~W ~ MOR7GAGOR fw thei r executws, sdministrators and assigns, hereby covenanh with tF~e ssid MORTGAGEE, ib successors ~nd assiprr, ~hat thev are Iswfutly seized of tF+e said promises in fee simplet that the ssme are frae, cksr and d'~sc}urQed from all liern ~nd ~ brances in law or in equity, ar+d that they w~~~ a~ their heirs thall wurant and defend the titk to the s~ms to tM ~aid MORTGAGEE, its successors ~nd suigns, fwever sysinst the lawful clsims snd demands of •II persaa; PROVIDED, AlWAYS thst if the MORTGAGOR shsll pay unto the MORTGAGEE the promiswry rate hereinbefore dewibed and sh~ll truly, promptly ' < and fvlly perfwm, dixharge, execute, complete, complY with snd sbide by each snd every the stipulations, sgreements, conditions and cove~anb of said promissory note end of this Mortgsge, t)xn this Mwtgsge and the Estste hereby ueated shall cease snd be null u~d wid. ~ ~ IT IS UNDERSTOOD tMt the word "Mortgsgw" whether in the tingular ot plurol ~~ywhere in this Mortyape, shall be sirgular if on~ only and shall be plural jointly and severally if more than one, +nd that the wwd "their" as used snywhere in tha Mortpape shall be tsken to mean "his," "hen," or "its;' wherever the context so implies a admits. Atw, that wherever there is a reference in the covenann and sgreernenn herein oontaiMd to ~ny of rhe panies hereto, the same shall be consrrued to mesn as well ss the heirs, legal represenNtivea, suaesson snd ~uigia (either volvnury by act of th~ partid a inroluntary by operation of the law) of the same and thst the covenants i+er~i^ contained sh~ll bind and Ths benefin •~d advmfaya &ax. ~ so the respective heirs, kgal represematires, succeuws snd au'gns of the parties hereto. t ~ tativ succeuors a~d asi ns here ' iml and sevaall coveMnt and ne ~ And said Mortgsgon, for themselves and their F~ein, legs) represen es, y• bY M Y Y to ~nd wish the ~aid MORTGAGEE, its successors and assigns: ~ 1. To pay dl and sing~lsr the principal and interest and the wriovs and su~dry wrty of money payable by vinve of said promissory note, and thi~ mongs~e, each and every, promptly on the days respectively the ssme severally becane due. ~c 2. To p+y all +no singulu the bxe~, assesunent~, kvies, liabilities, o6liy+tio~s and encumlxsnces of every nature ud kind now on uid desvib~d • property, w th~t hereafta may b~ impwed, wffered, placed, tevied, a ~ssessed thereon, a thst heresfter may b~ kvied a assesssd upon tMis Mat¢ Qs,p. age, w tM indebtedneu secured hereby ssci~ and ~very, when due and psyabk, accwdirg to law, befwe they become delinquent, and b~for~ ~ny inta~st ~ attaches o~ sny penalty is incurrcd; AND INSOFAR AS ANY THEREOF IS OF RKORD ?HE SIW4E SHAtI 8E PROMPTLY SATISfIED AND DISCHARGEO OF i RECORD AND THE ORIGIhAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR iHE SA115FACTION PAPER OFFICIAIIY ENDORSED OR CERTIfIED) SHALL dE PU~ED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; ~nd in the event that any thereof a not pa~d, sat'sfied and diuharged sa:d INORTGAGEE may at any ame pay the same w a~y part thereof without waivirq a affectinp any option, lien, equity a .~qht under w by virtue of this morrgage and the full amou~t of each ~r.d every such payment skall be immediately dw ar?d payabk ~~d shall bear interest 3 ~.om the date thereo~ until p~id at rate of n~ne per centum per annum and toyether w~1h s~th interest sha:~ be secured by the lien of th:f mw9tpe. ~ ''-x ';s-~ ~r~ J~e.~.,~~`:' r : ~ ~ ;