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Home My WebLink About1654 255326 ~ THIS INDENTURE, Mad~ the ls~h d~y of ~y A.D. 19 ~3 bMwee~ Paul D. Bddy and Isabel K. 6ddy, s w~ of S=• I'1iCi0 Counly florida, hereinafta d~sign+ted ~s fhs "MORTGAGOR;' and FIRST FEDERAI SAVINGS ANO LOAN ASSOCIATION OF FORT PIERCE. • twporatia? wpsniud and exiitinp under ths laws of tM Unit~d St~t~s of Amerit~ and F+~vinp iri printipal plu~ of j buHn~ss in tFa Ciry of Fwt PiKC~, SI. luci~ Cou~ty. Fbrida, hereinafta de~i9natad as tM MQRTGAGEf." WHEREAS fM MORTGAGOR is jvitly ind~bted to tM MORTGAGEE in the sum of j l~t~~~ ~ , good and lawful money of the Unlted Ststei sdvanced by the MORTGAGEE unto the MORTGAGOR, +s evidenced by a certain promissory note of even date herewith, of which the followinp in worc$ and fjgy~re~ a true copY, to-wit: = 1 ~VIN~ ~ 1Q~1~0 Fort Piau florida. ~Y i s~ 19 73 Fw value received, 1, we a eirhe~ of us, promise to pay, without defalca~ion, to the orde~ of FIRST FEU~RAI SAVINGS AND :OAN ASSOCIATION OF FORi VIERCE af Fort Pierce, Florida, the sum of = i~i~~~~ with intereit from date at the rate of 7~5°Xo per ann;n, in monthly instal{- } i ments as iollows: S 119~ ~ on the i~hday of `Jnly , 19 73 and a like sum on the correspondi~g day of aach month the~r aiter until the whole be fully paid. Eath installment first shall be applied in payment of the interest and then on the unpaed balsnce of the princ~pal sum. If default is made in the payment of any installment when due, and such defavlt continues 30 days, then at the option of the holde~, and without any othe~ notice, all the remaini~g installments shall be due and payable at once. Privilege is given to prepay this note in whole or io psei at sny time without penalty. Mrither faebeara~ce, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment chargs of s S~ 95 shall be added to each installment remaining ~npaid 7 days after iri due date, and a like sum shalt be added to each such installment remaining unpaid 7 dayt after each succeeding payment date.~ Each maker, surety a~d endwser hereof, jointly and uverally, waives dcmand, presentmcnt p~otest and ~orice of protest fo~ no~payment, and further sgrees ro any extension of time of paymenL either before w after maturiry, without ~otice to any of us; and to pay all costs of rnllection, includirg ~ reasonable atton?ey's fee in the event of any defavit hereu~der, and hereby severally waives all benefit of homestead and exemption u~der the constitutioe and laws of each State of the United States, as against rhis obfigation or any exrension o? renewal F~ereof. Witness the hand and seal of each party. ~ (SEAy s Paul D. Bddy ~U - ~u s Isabel R. Bddy ~ ~ ~l'S~ O~ 1 State Reve~ue . C'.Maw~r~wc~ll~i wrwisiwd~e) - NOW, THEREFORE, the MORTGAGOR fp the purpose of securing payment of ssid sum of f 1O~ ~ ~nd the pe~form~nce of the covenants snd agreements hercinafter expreued, and for divers good ar+d vslwble tonsidentions, by fl~ex presents, does grant, barysin, sell, remise, relcase, convey and confirm unto tht MORTGAGEE, its succe:sors ~nd assigns, all that certain lof, piece o? parcel of land, situate, lying, and being in ihs County of SZ• I'~LCie and State of Flwida, described follows: Apartaent _No. 101 of the O~I.UNNADBS OONDOIrQNIUM NO. 7~ aceoYding to the D~eclaratios~ of Condaainiu~ Yecorded in O. R. Book 211, page 6, of the pablic records of St. [.ncie County~ _Rlorida~ together with all appurtesances thfreto, together with an ~undivided interest in the conmon elments and liai.ted cosaon eienents the~reof. ~ gOB.JECT TO the terms~ covenants~ agreements~ obligations~ and provisions of said Declaration of Condominium which Mortgagor in all things does cov~ent to btoztgagee faithfuZly to observe and perform. TAT ~ FLO R t D A 1 ~ Zo ~ IN PAYMENT OF TNtE3 I~' n= ~ OOC NTARY •~..'~STAMP_ tA 3: r q~ INTANGIBIE PE°-s~yu Pt~ERn, c°~ DEf' . Of REYENIlE - ~ t TO CF1A"~''• 11-134. ACiS OF 1!//l. _ = ~rz~•~s ~ ! 5. 0 0 1 ~t'as~" ~oc~ roiTw?s ~ - - P-L • ~ (xERi( CIRCUIT o1~11BT, ST. WCIE CO ~ ~ ~ Nt02 ~ . d together with all snd singular fhe ta+ements, hereditaments and appurtanus thereuMO belonging or in anywise appertsining thereto, ~nd al) rent~, iuues, procecds and yrofits accruing and to acvue from said premises, all of wFiKh are included in tF?e above snd fore9oing description and habendum. TO HAVE AND TO HOLD the above dexribed snd granted prcmises uMO tF~e ssid MORTGAGEE, iri st?ctessors and auiyns fwever. Md th~ said MORTGAGOR for ~eir ~;~s, executon, administrators and essigns, hereby covenanb with tf~e ssid MORTGAGEf, its s~xressws and auipro, that - lawfully seized of the said premises in fee simplr, that the same sre free, clear and d+scharged from sll liens and encvm- brarxes in faw or in equity, a~d that t~teV wilt and t~'~' hein shall wa~rant and defend tM title to the same to the a+id MORTGAGEE, its successors and auigns, fwever against the lawtul claims and dems~ds of all pe~sons; PROVIDED, AIWAYS thst if the MORTGAGOR shal~ pay unto the MORTGAGEE the promiuwy note hereinbefwe desaibed and shall truly, promptly a~d fully perform, diuharge, execute, complete, comply with and abide by each and every tht stipulations, agreements, condifiona and cwenann of said promissory note and of this Morfgsge, then this Mortgage and the Eatate hereby veated shsll tesse uid be null and void. IT IS UNDERSTOOD that the word "Mortgsgor" whether in the singular or plunl anywhere in this Mortgage, shall be sinyular if one only ard shall be plural jointly and severally if more than one, and fhat the wwd "their" as used snywhere in this Mortgaye shall be taken to mean "hu;' •'he»" ~ or "its;' wherever the context so implies o? admits. Alw, that wherever there is •~eference in the coven+nts ~nd agreemenq herein cont~ined to ~ny of the parties hereto, the ssme shall be co~strued to mesn as well as the Fxirs, legal reprcsentativet, sutcessors and auigns (either volumary by sct of the Farties w involuntary by operatan of tlx iawj of the ssme and that the covenams he~ein contained shall bind snd the benefits a~d sdvantayes inw~ ~ t to the respedive heirs, lega) representativa, succeuws and su~gru of the parties hereto. ~,,.1 ~ And said Mor~gagon, fw themse{ves and their heirs, legal represematives, successors and auigns, hereby joimly and severally tovensnt snd ~gree ~ F to and with the said MORTGAGEE, its successors and assigns: i 4 1. To pay sll and singular the princip~t and interest and the various and sundry sums of money payible by virtue of ssid promissory note, and this mort9age, each +rwl every, promptly on the days respectively the same severally becane due. ~ 2. To pay all and sing~lar the taxa, assessments, levies, liabilities, obligations and e~xumbrarxes of every nature and kind now on said desaibed ~ property, or th~t hereafter msy be imposed, suffered, plsced, levied, w sssessed thereon, or that hereafte? may be levied w assessed ~pon this Nlwt¢ age, u the indebtedness secured hereby, exh snd every, when dve snd payable, according ro law, before they become delinquent, ~~d before ~ny iMerest erv attaches oi sny penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL BE PROMPT[Y SATISftEO AND DiSCHARGED OF RECORO AND THE ORIGlNAL OFfIG1Al DOCUMENT (SUCH AS, FOR INSTANCf, THE 7AX RECEIPT OR THE SATISFACTION PAPER OFFICIALtY ENDORSE~ OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in fhe event that any the~eof a not paid, sat"sfied and discharged sa:d MORTt'iAGEE msy at any time pay the same or any part thereof wirhout waiving or affecting any option, Iien, equity p •iqht vnder or by virtve of this mortgage and the full amount of eath and every such payment shall be immediately dve and payabk and shall bear inte?est ~ <<om the date thereof until paid at rate of ni~e per centum per annum and together witF~ such interest sFutt be secured by the lien of fh:s mwytaye. 7 . , :n~r-~ ~ ' x'~'7"•s-,~, ~ ~ , _ ~ :