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Home My WebLink About1997 259493 °oeK 216 rncE~99g 1HIS INDENTUR'c, AMd~ the 18th d~y of ~~x , A.D. 19~3, bttw~en ~aul F Davidson, a sina~e adult T,._._...., of St . Lucie ~ Counly Florida, Mreinailer des~gnared as tM "MORTGAGOR;' snd FIRST FEOERAI SAVINGS AND IOAN ASSOCiAT10N OF FORT PIERCE, ~ corpor+tion orqanized and ~xistirq unde~ IM lawt of ths United Stat~f of Ameriu ~nd Mvinp in printipd plac~ of busiMa M 1M City of Fa1 Pi~rc~, St. l~ci~ Cou~ry, Florida, hereinafte~ desipnated +s tM "MORTGAGEE:' , WHEREAS ths MORTGAGOR is justly indtbt~d to tM MORTGAGEE in the sum of =~0• ~ ~ood and lawful money of the Un~ted States advanced by ths MORTGAGEE unto Iha MORTGAGOR, as evidenced by a certei~ promiuwy note of even date herewith, of which tM followin~ in wwds and figures i~ a trw copY. towit: s gpp. ~p N, 11000131 Fwt Pierc~. Florida. .Jllly lg 19~2,~ for value received, 1, we o~ eithcr of us, prom~se to pay, without de~alcat~on, to the o?der of FIRST FEDERAL 511VINGS ANO IOAN ASSOC~ATtON Of FORT PIERCE at Fwt Pierce, fbrida, the :um of i9~ wieh inte~est from dste st the rate of 8• ~ 96 ptr annum, in ewnthly instalM ments as follows: Z 7•~ oei tF?e 2Oth d+y of Auy~St . 1q73 and s I~ks sum on the cwreipaid~rg day af each month therr ahe~ uMil the whole be fully paid. Each installment first shall be applied in paymenf of the interest and then on ths unpaid balance of the prindpal sum. If deisult is mad~ In the payment of any installment when due, and such default contin~es 30 days, then at the optan of ~he holde~, and without a~y other notice, all the remaininp ~nstatlments shall be due and payabls at once. Privilegs is given to prepay this rate in whole w in p~rt at any f'une without penaly. Neither forebearance, nor aaepta~ce by the holder thereof afte~ any defauh in any payments hereon, thall be deemed extension. A late payment charge of 35 sha~) bs added to each imta~tmeM rem~ining unpaid 7 days after ita due dale, snd a like sum shall be added to each such instaltment remaining unpaid 7 days after each svcceeding payment date. Each msker, surery and endor:er hereof, jointly snd severally, waives demand, presentment protest a~d notice of protest for na~payment, and funher agrees to any extensan of time of payment, either before o~ after maturity, without notice to any of us; snd to pay all cosh of collection, includin~ a reasonable attaney i fee in the event of any default hereunde~, and hereby severally waives all benefit of homestead and exemp~ion under the constitution and laws of each State of the Unitsd States, as aga~nst this obligation w any extension or renewal hereof. ~tness the hand and ual of each party. S? Paul F. Davidson, a sina~ adult ~i~ ~ . 3 ~ cs~?u cs~w c ~ a st,t. R~„~~~ is~~+~la~~qasta~~ NOW, THEREFORE, the MORTGAGOR for the purpose of secvring payment of said sum of s~~ snd the performance of ths covenants and apreemenls herei~after expressed, and fw divers good and valusble consider~tior?s, by thesa presents, does yrant, barg~in, sell, remiae, release, convey snd confirm unto the MORTGAGEE, its succeuors and sugns, all that certain bt, piece or psrtel of land, sit~at~, lyinp, ~nd being in the Counry of St . I'uCie and Sute of Fforida, dewibed u follows: Apartment I-203, Commodore I, Colonnades Condominium according to the Declaration of Condoainium recorded in O. R. Book 211 at page 6 of the Public Records of St. Lucie County, Florida. TOG&THSR WITH all appurten- ances thereto together with an undivided interest in the common elements and the linited common elements thereof. SUBJECT I'O the terms, covenants, agreements, obligations and provision of said Declaration of Condominium which Mortgagor in all things does covenant to Mortgagee faithfully to observe and perform. , ; This is a second mortgage being junior and inferior only to a first mortgage ~ from Mortgagoz to Mortgagee dated July 10, 1973 recorded in O. R. Book 216 , , page 913 , of the Public Records of St. Lucie County, Florida. E i ~ ~ STATE oF L~RIDA ~ ~ IM PAVMEIR OF T~ oi ^ OOCUMENTARY STAMP Z A X ~ RECErym T ~~ph~ pROpfRjr~ s~ DEPT. OF REIIENUE ;z ~ ~ ~ IN A:~CIdIF c "c "s _ ~ ~ ~ pURSIi~N~ TO ~ ~S OF 191L `jj! / .~c, = ~ ,,11's'73 ' ~ 0 i. 3 5 ~ ~ w~ ~ r = ~ io • ~ ~py~(~~ ST. ttIC1E 00, ~ together with sll snd singulsr the tenements, hereditaments sr?d appurtances tFxreuMO belongirg w in anywise ~pper?ainirg thereto, ~~d all renb, iss~es, ~ proceeds and profiri xuuing and to acuue from said premises, all of wh'sch sre i~cluded in the above snd fort~oing descripYan aod FWbendum. ~ TO HAVE AND TO HOID the above desaibed snd granted premises unto the s+id AhORTGAGEE, ib suaeswrs snd auiyns forevK. Md th~ ssid ~ MORTG~IGOR fw hl S - hein, ezecvlors, administratws and augns, hereby coven~nts with the said MORTGAGEE, iri succeswrs and ~stiprn. ~ ~hat !1@ 1S _ ~awfully seized of the ssid premises in fee simple; th~t the same ~re free, ckar ~nd disch+ryed from all 1'mns and tncurrr i ~ brarxes in law or in equity, and thst he will and h1-C hein sh~ll w~rrant and defend the title to tM same to th~ said ~ MORTGAGEE, in tuccessors and suigns, forever against the lawful claims and dema~ds of all perwrot ~ ~ PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the MORTGAGEE t!x promisswy note hereinbefore dettribed snd sh~ll trvly, promptly and fully perform, dixharge, execute, complete, camply with and abide by each and every the stipulat'ans, agreemenri, conditions +nd coven~nts of said ~ promissory note snd of this Mwtgage, then this Mwtgage and the Estate hereby aested shall u+se and be null and void• IT IS UNDERSTOOD that the word "M«tgsgw" whether in the singular w plunl anywhere in this Mortgsge, slull be sirgular if ooe only and ~ ~ ahall be plural jointly and severally if more than one, and that the wwd °their" as used anywhere in this Ahortg+ge shsll be Nken to mean "his,•••'hers;• ~ ar "its;' wherever the contexl so implies or sdmits. Also, that wherevet there is a reference in tF~e covensnb snd agreemenri herein contained to ~ny of } fhe parties hereto, the same shall be construed to mean ss well ss the heirs, kyal represenlatives, successws and assigns (either volvntary by ~ct of ths ' ~ parties o? involuntary by operatan of the law) of the same and that the covenants herein contained shall bind •rx! rhe benefin •nd advamayes uwn s, ~o the respective he'us, legal representatives, succeuors and ass~9ra of the p+rties heroto. And ssid Mortgsgws, fw themxlves snd their heirs, I al re esentatives, succeuws and au' ns, hereb oiml a~d sever~l covensnt and ree ~ ~y w ~ r i r h 7, to and with t!x asid MORTGAGEE, its successor: and auigns: ~ 1. To psy sll and si~gular the principal and interest and the various snd iundry wms of money payable by virtue of said promissory note, and this ~r mortgage, e~ch snd every, promptly on the dsys respectively the same sever~lly become dve. . ~ 2. To p~y +11 +nd singulsr the taxes, asuumenn, levies, lisbilities, oblgations and encumbnnces of every nature and kind now on said desaibed properry, or that hereafter may be impoied, suffered, placed, levied, a sssessed thereon, a that heresfter may be levied a sues~ed vpon this Morf¢ y ety, whee~ due and abk, accwdi to Iaw, befwe the betome deli uent, s be on ~n terest age, w tMe indebtedneu iecured hereb , each snd ev p+y ~g Y ^9 Y y attaches or any penalty is incurrtd; AND INSOPAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGED OF ; RECORD ANU THE ORIGINAL OFfIC1Al DOCUMENT (SUCH A5, FOR INSTAMCE, THE TAX RECEIPi OR THE SATISFACTION PAPER OFFICIALLY ENDORSED : ~ OR CERTIRED) SHAII BE PLACED IN THE MANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the eveM that any thereof is not t xt"; paid, ssYsfied and discharged sa:d MORTGAGEE may st any time p~y the sart+e or any part thereof without wsivi~g w a~fectinq any option, lien, equity or ~ ~ •~qht under or by virtue of this mortgage and the full amoum of each and every such payment shatl be immediately dur and payabk and shall bear interpt ; ~rom the date thereof until paid at rate of nine per centvm per snnum and togdher w~th such interett shsll be secured by the lien of Ih:s motytape. ~ sK ~ 3% „~*s^ . - _ _ . 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