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THlS lNDENTURE, Mad~ the ' Z3rd day o( ust ~ y?a. 19 73
" b~tw~en
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Rob~ct D. McCl~naoan and Juanits? P. Mf~Clena9~ his wife
of L~LC~~ , Co~nty Flwida, I~lffiMl~N d~signated is tM "MORTGAGOR," ~nd FIRST fE~ERAI SAVINGS AND IOAN
ASSOCIAI'tON OF fORT PIERCE, ~ corporaran wpanizad a~d txiiriny unJe~ th~ laws of ~M Unltsd Sut~s d Am~ric~ ~~d MvLg in principal pl~ce of
busioeu in th~ City of Fwt Pi~rc~, St. l~ci~ County. florida, twr~ioafta d~iipn~t~d a~ th~2ylAOgT~?GF~~' i
WHEREAS tht MORTGAGOR is jvstly indtbt~d 1o tM MORTGAGEE in tM ium of s ~0~ ~ ~ood and Iawful ma+ey of the Vn~ted
Srotet ~dvanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a te+rain Raomissay note of even date herewith, of which ths followinp in
words tnd fipwea is a trw copy, ~o-wit:
f 20,000.00 ~ 100Q0373
~«r P;,«.. ~a~d+. Aa9ust 23 19 93
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for valus rcceived, I, we w eithe~ of us, promise fo pay, without defalca~;on, to the order of FIRST FEDfRAt SAVII~lCsS AN~ LOAM Ii550ClATION OF '
fORT PIERCE at Fon Pierce, fbrids, the ~um of s2O~ ~ w;th interest from date at the rate o/ ~ per annum, in monfhly install-
menls as fo!rows: = 177~~ on the 2Oth d~Y af October 19'f3 ~nd a I;ks sum on the correspa+d~ny day of each month there-
after until thc whole bs fully paid.
Each instal[ment first shall bs applied in payment of 1he i~terest and then on the u~paid balance of the principal sum. If default is made in ihe
payme~t of any instalfinenl when dus, and such defavh continues 30 dsys, the~ at the optiw~ of the holder, snd witFwut any other notice, all the remaining
~nstallmc~ts ahall be due and payable at once. Privilege is given to prepay this nots in whole o? in part at a~y fime withou~ penalty. Neithe? (o~ebearance,
nor acceptsnce by the holder thereof after any defavlt in any peyments hereon, shall be deemed exlension. A late payment charge of j 8~ 85 shall b~ ~
added to each installme~~t remainirg vnpaid 7 dayt afta itL due date, and a tike sum shall be added to each such insrallment ~emaining unpaid 7 d~ys ~fter
each svctetding psyment date.
Each make~, wrety ar~d erKlorser hereof, jointly a~d severalty. waives demand, p~ese~tment protest and notice of protes~ for nonpayment, and further
agrees to smr extension of t~ms of paym~nt, eithe~ betwe w after maturity, vvithout notice to any of us; and to pay all cos~s o1 cottect~on, includirg • -
reasonable attorney's fee ~n fhe event of any default hereuoder, and hereby uverally waives all benefit of homestead and exemptioe under the tonstitution
and laws of each Stare of the United States, as againat this obligation p any. eafension or renewal hereof.
Witness the hand and ual of each party.
(SEAL)
s obert D. McClen~?g~p ~s~?y '
~
cs~?u i
a/Juanita P. M~Clenaaan ~
~ $30~~ t Sute Revenue '
~~.~wo~tl~.~w.~ri~i~a1.~M~~ ~ • ~
NOW, THERfFORE, t!x MORTGAGOR fw the pu?pox of securing payment of s~id sum of S2O~ ~ ~nd the
performance of tF~e
covenann and agreements hereinafter expressed, and for dvers good and v~lwble cons~dentian, by thess presents, does grant, barpain, sell, remiu,
releasa, tonvey and confirm unro the MORTGAGEE, its succeuors and assiy~s, aN that cert~in lof, piec~ or parte! of Isnd, sitwte, lying, and beirg in the -
Cou~y of St. L11C~~ ~ and State of Plorida, described as follaws:
;
s
Apaztaent II~1pl of Cp~Nppgg ~pNppMpIUMS Np~ 5~ a condo~ini~ accozding to tbe
Declaratio~a of Conda~iniu~ reccarded in O.R. Book 19~, Page 1482, af the Public
Recazds o! St. Lucie Countq, Florida, 1bG8TH8R W2TH ALI, o~ its appartenance~
according to said Declaration~
SUB.I~CT 10 the teras, canvenawts, agreeaents, obligations and provisioAS of
said Declara?tion af Condosiniu~ which MoYtgs9or ~in all things doq covenant
to Mortgagee faithtnlly to obsesve aand perfona.
_ . ~°•~o,J~`D
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• S ~o
~ ~ STAT~ o~ FLORiDA ~ °Fj,,~-~':~
o= DOCUMENTARY~:.
~_STAMP tA Y ~ FQ~ .,.y~
°f UEPT.
Oi
REY£yUE Ii" • ~
~ - P.a. - ...I:f26'I~ ~ : i ~ V 0 ~ ~ ~
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rogether with all and singulsr the tenemenri, hcreditsmenb snd appurtantes thereunto bela+pirg w in anywise appeAaining thereto. snd ait rents, issues. .
proceeds snd profits acuuing ~nd to xcrue from said {xemise~, a!1 of which are included in the above ~nd foregoiny despipYan and h~bendum.
TO HAVf ANU TO HOID the above desnibed snd granted prcmises u~to the said MOQTGAGEE, ib sutcesson s~d ~uiyns forever. Md tiy s~id
MOR7GAGOR fa ~e~ hcirs, executors, sdmioistrstws and auigns, hereby covenanb with the said MORTGAGEE, iri suocesson ~nd ~ssipro, '
~hat they are - Iawfully se~zed of the said prem~ses in fee simple; thst the sams sre frse, clear and d'ncFurged from all liens and encu~
brancea in law w in equity, ar+d thst they will and - ~QiY heirs shall wsrnnt and defend th~ title to th~ same to tM said
MORTGAGEE, its s~cceuors and auigns, forever sgainst tF~e Iawfvl ctaims and demands of all perspu;
PROVIDED, ALWAYS thst if the MORTGAGOR shaH pay unto the MORTGAGfE the p~omissory rote hereinbefore desvibed ~nd sMll truly, promptly
and fuily perform, dischsrge, e:ecute, compkte, comply with and ~b~de by each and every the atipulations, agreemeMS, conditiom and covenants of said
prom~ssory note and of thia Mortgsge, thm this Mwtgsge and tf~e Estate hereby aeated shatt cease u~d be null and wid.
IT IS UNDERSTOOp tMt the word "Mortgagor" whether in the :irgular w plwat ~nywhere in this Mortyspe, shall be singulu if one only snd
shaU be plural jointly end ~ever~lly if more tlun one, snd that the word "their" as used anywhere in this AM1Ofi9~f f~NII ElQ 1i{CM t0 IIIlM "his;' "hen,"
o. "its;' wherever the context so impties w sdm~n. Also, thst wherever there is a ~eference in the covenanb and ayreements herein contained to any of
the parties hereto, the same shal) be consnued to mean ss wdl ~s the lxin, kgsl represent~tives, succ~ssors s~d asiiyns (either volu~qry by ~ct of the
parties w i~vduntary by operatan of the law) of the same snd that the covenants herein contained shall bind ~nd the benafits snd advaMpes inur~
io the respective he~rs, kgal represenfatives, successors ~nd ~u~gns of tl~e p~rties hereto.
And s+id Mortgsgors, for themselves and their heirs, kgal representatives, iuccessors ud auigns, hereby jointly and sever+lly covenant snd ~ree ~
ro and with the said MORTGAGEE, its successors and assigns:
1. To pay all and singvlar the principal and iMrest snd the vsriovf snd iundry s~mn of mooey payabls by vktw of ssid prwn;ssory nete, and thi~
mortgage, each and every, promptty on the days respectivefy the s,me seve~ally become due.
2. To pay •It and urgvlar the uxes, assessmenn. Mvies, liabilities, obligatiw~s snd ~ncumbrances of every ~sture and kind now on faid dewibed
property, or tF»t hereaiter msy be imposed, suffered, plxed, levied, w sstessed thereon, or th~t hereafte? may be kvied a usessed upon this Mwl¢
sge, a ths indebtedneu secured F?e~eby, each and every, when d~e and payabk, accadinp ro iaw, befae they become delinq~ent, and befa• any ime.esf
ar~aches or any penalty is incurted; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII dE PROINPTLY SATISFIED AND DISCHARGED OF
RECOR~ AND THE ORIGINAL OfflClAl DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR TME SATISfACT10N PAPER OffICIAtIY ENOORSED
GR CERTIFIED) SHAtI BE PLACED IM THE HANDS OF SAlD MORTGAGEE WITNIN TEN DAYS NEXT AFiER PAYMENT; sr+d in the event that any thereof is not
paid, sat'sfied ~nd d;schsrged sa:d MORTGAGFE msy at any time psy the same or any psrt thereof without wsiving or ~ffectin~ any option, lien, eqvit~ ot
•~qht unda or by virtue of this mortgage and the fult amovnt of each and every such payment sh~ll be immediately due and payable ar+d shal) bea~ interest
~~om fhe date thereof until paid at rate of nine per ce~tum per annum and together w~th such interest shall be lecured by the lien of th:s morgtaye.
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