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Home My WebLink About0805 . - 26498'7 4 . ~ THIS INDENTURE, Madt ths 24th da of September A.O. 19 73 between W L McLen~on and Judith B. D1cLendon, his wife_ of St. Lucie ~oy~~y Florida, Mrtinsfta detgnated as the "MORTGAGOR;' and FIRST fEDERAL SAVINGS A?vp IOAN ASSpCIAT10N OF FORT PIERCE, a corporation organized a~d exi~ting under tM laws oi ths iln~t~d Stata~ of America and Mvin~ iri principal pt~ce of buu~ in ihs City of fwt Piac~, S1. Lucie Covoty, florida, here~nafter des~gna~ed ai tM "MORTGAGEE:' WHEREAS tM MORTGAGOR is justly indebted to the MORTGAGEE in 1he sum of t 2O • 4~~ good and lawful money of the Un:ted States advanced by the MORTGAGEE ~nto the MORTGAGOR, as evi~nced by a certsin promissory note of even date herewith, of which the (ollowi~g in words and f' ures is a trw copy, to-wit: f z 20,4~0.00 ~ 11000165 Fo.r P~e.~e. Florida. ~ptember 24, 1973 For value received, I, we or either of us, promix to y without defalcation, to tlx ordrr of FIRST FEDERAL SAVINGS AND LOAN ASSOCiAi~ON OF 1 FORT PIERCE a1 Fort Pierce, florida, the sum of : 2O with interest from date at Ihe rate of 9' ~°w per annum, in monthly install- ~ ~nentt aS ~ollOrvi: f 1S4 on Ihe 2~th day uf November _ ~973 and a likc aum on the correspond~ng day of each month therr ' 3 af~er until the whole be fully paid. ; Each installment first ~hall be applied in payment of the interest and then on the unpaid balance of the princ:pal •um. If detault is made in fhe payment of any i~stallment wheo due, and such defauh continues 30 days, then at the optioo of the holder, and without any other notice, all lhe remaining ~nsrallments shall be due and payable at once. Privilege ia given fo prepsy ihis note in whole o~ in psrt at sny time without peswlty. Naither (otebearsnce, : nor atceptance by the holde? thereof after any default in any payments hereon, shall be deemed eztensio~. A late payment cl~arge of S 9'2O shall be 2 added to each installme~t rcmaining unpe~d 7 days after its due date, and a tike sum shall be added lo each such installment remaining unpaid 7 days ~fter t each sutceeding payment date. Each maker, surety and endorser hereof, jointly and severally, waives demand, prese~tment protest and notice of protest for rw~paymeN, and further agrees to any extension of time of payment, either before or after maturity, without not~ce to any of us; and to pay sll costs o1 collatfidn,' intludirg ~ rNasonable atto~~ey'a fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption unde~ the constitution and laws of each State af the United States, as against this ob~igation or any extension or renewal hereof. Witness the hand and seal of each party. S/ W. Mc do ~ (SEAL) - u ith B. McLendon ~i~ ' $ 30 . 60 ( ~ 5?ate Revenut ){~~b~i7~f~~4DC]i0~D1(+It)~@) ' NOW, THEREFORE, the MORTGAGQR for ehe purpose of securing payment of ~aid sum of = 2O • 4~~ and the performance of the covenants and agreements hereinafter expressed, and fw divers good and vstuabte considerstions, by these presents, dxs grant, bargain, sell, remiu, retease, convey and confirm unto the MORiGAGEE, its successors and assigns, ell tha~ certain lot, piece w parcel of land, iituate, lying, and being i~ the County of St . j-UCle _ and State of Flwida, dewibed +s followi: i 3 :'lpartment No. 201, Building IV, of ISLAND HOUSE ~NDOMINIUMS, PHASEI, according " to the Declazation of Condominium and all exhibits thereto dated r]ay 23, 1973, recorded May 29, 1973 in Official Records Book 214, pages 1858-1933, of the ~ public records of St. Lucie County, Florida, together with all of its ; appurtenances according to said Declaration of Condominium and all exhibits thereto and together with all tenements and hereditaments thereto belonging ~ or in anywise appertaining to said apartment. ' ; i t 'E Sub~ect to the tern~s, covenants, agreements, obligations and provisians of said Declaration ' of Condon~inium and all e~ctiibits thereto xhich ~ the mortgagor in all things does covensnt to ~ ~ mortgagee faithfnlly to observe and perforn. ~ - ~ ~ " r-~ ~ ~rym ~ IN TAYMENf QF TAXE3 STAT~ FLORI...,A N DOCUMENTARY~-:;~,5 TA M P T r. > ~ ~ ~ y~ ~ flEPT. UF REVENUE • ~ PURSUANT 1O C ~E~ ~ ~ S ~ ~ -~n = uTS= ~a ~ 3 0. 6 0 1 c~wc ci~cuiT couar, sr. u~ciE co.. ~ = P~- ~ _ ii~oz ~ ~ ~ fogether with all and singular the tenemcnts, hereditamenti and appurtances thereunto belonging w in ~nywise appertaining fhereto, •nd all rents, issues, proceeds and profits acvuing and to acuue from ssid premises, all of wfiich are included in the above and fwegoing description and habendum. ~ TO HAVE AND ~CL eiDrthe above desu~bed and granted premixs unto the said MORTGAGEE, its successon and +ssigns forever. And ths said 5 MORTG R for rl------ heirs, executws, administiaton and assigns, hereby covenants with tlx ssid MORTGAGEE, its suttessws and ~uiyns, rhat -~e dre - lawfully seized of the ssid premius in fee simple; thnt the same aro free, clear and discharged from all I'~ena and encurrr a ~ brances in Isw or in equity, and that they W~~~ a~ their heirs sMtl warrant ar?d defend the title to the iame to ths said ~ MORTGAGfE, its succeswrs and assigns, fwever ayainst the lawful daims and demandi of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promi~sory note hereinbefore dewibed and shall truty, promptly ; and fully perform, d~scharge, execute, complete, comp~y with and ab~de by each and eve~y the itipulatioru, agreements, conditions and covenants of said ~ promissory note snd of this Mortgagr, then this AAortgage and the Estate hereby created sball cesse and be null and void. t y~ IT IS UNDERSTOOD that the word "Mortgagw" whether in the singular or plural anywhere in thia Mortgsge, shall be sinyular if one only and ~ - shall be plursl jointly and severally if more than one: and that the word "their" as used anywhere in this Mwtgage sMll be taken to mean "his;' "hers," or "its;' wherever the contex~ so implies w admits. Also, that wherever there is a reference in the covenants and agreements herein contai~ed to ~ny of the parties hereto, the same shall be construed to mean as well ss the Ixiri, legal representatives, successors and assigru (either voluntary by act of the " partiei or involuntary by operation of the law) of the same and that the covenants herein contained shall bind snd the bene4its and advantages inure ~ fo ti~e respective heirs, legal representatives, tuccessors and au'gns of the partiei hereto. , 5: And said Mortgagors, fw themselves and their heirs, legal representatives, successors ~nd assigns, hereby jointly and severally coven~nf and agree 5': +o and with the wid MORTGAGEE, its successors and assgns: 1. To psy all and singular the principst and interest ared the various and sundry s~ms of money payable by virt~e of said promisso?y note, and this `w mortgage, each snd every, promptly on 1he days respectively the same severally become due. ~ 2. To pay all and singulu the tsxes, assessments, levies, li~bilities, obligations and enc~mbrances of every nature and kind now on seid described ~ ~ property, o~ that hereafter may be impwed, suffered, placed, levied, w suessed thereo~, d that hereafter may be levied a sssessed vpon ti~is MatQ- ~ age, w the indebtedness secured hereby, e+ch and every, when dve and payable, accordiny to Isw, be(we they become delirquent, snd befwe ~ny interest _ ~ ariaches a any pen~lty is incu~red; AND ~NSOFAR AS ANY THEREOF t5 OF RKORD THE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGEO OP ~ RECORD ANO THE ORIGIhAL OFfICIAI DOCUMENT (SUCH AS, fOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIAILY ENDORSED a,~'~. OR CERTIFIED) SHAII BE PIACED IN iHE HANDS OF SA~D MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the eveM that sny thereof is not - oaid, saYsfied and discharged sa:d MORTGAGEE msy at a~y time pay the same or any psrt thereof witFw~t waiving w affec~ing any option, lirn, equity or ~~qM under or by virtue of this mortgage a~d the full amount of each and evcry wch payment shall be immediately due and payable and shall bear interest ~rom the date thereoi until paid at rate of nine per centum pe. annum and together w~rh such interest shall be secured by the lien of th's morgtaye. ~ ~ aooK 19 PAGE $ ~ _ r - .._ti _ _ _ ; - . _ . _