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HomeMy WebLinkAbout1689 ~ CORR~+CTIVFi IrORTGAGB ~;656~~L7 ' ~ TH~S~INDENTURF, Made the 23rd day of - AuguSt , A.D. 19 73 be~ween Robert D. McClenagan and Juanita P. McClenac~an, his wif~ of $t • LuCiQ County Fluida, hereinafter designared as the "MORTGAGOR." and FIRST FEDERAI SAVINGS AND IOAN ASSOCIATfON OF FORi PIfRCf, • corpont~on o~yanized and exisr~ng undar ~he laws of ths United Sfatas of America ~nd havinQ i» p~incipal place oi butiness i~ tF~s City of Forl Pierce, St. lucie Cou~ty, Flwida, hereinaitei deaignated as the "MORiGAGEE:' WHEREAS ths MORTGAGOR is j~stly indebtcd to ths MORTGAGEE in ihe sum of S 20~000.~0 _ 9~ and lawful money oi the Un~ted States advanced by the MORTGAGEE unto the MORiGAGOR, as evidanced by a ce~tai~ promissory note of eyen date herew~th, of wh:ch Ihe follow~ng in wwds and figures is a true copy, to-wil: ~20,000.00 ~ 10020373 Fort Pierce, Flwida, August 23 1973 Fw value received, 1, we or eithe? of us, prom~se to a, without defatcation, to the order of FIRSi Ff~ERAt SAVINGS AlYD LOAN ASSOClATION OF FORT PIERCE at Fwt Pierce, Florida, the sum of 2O 8 7 S-- - witA inrerest from date af the rate of • 5'o per annum, in monthly install- ments as follows: S~"~~ o~ the 2Othday of OCtOb@r , 1973 _ and a like sum on the correspond;ng day of each month ~here- after until the whole be fully paid. Each installment ii~st shal! be applied in payment of the interest and then on the unpaid balance of the princ:pal sum. Ii default is msde in the ~a~•ment of any enstallment when due, and such default continues 30 days, the~ at the opt~o~ of the holder, and withour any other notite, alt the rart~ain;r.g ~nstaliments shail be due and payable at once. Privilege is given to p~epay this note in whole or in_part at any t~me without penalty. Ncithe~ iprauearancr, nor acceptante by tF.e holder thereof after any default in any payments hereo~, shall be deemed extension. A late payment charge of 85 shall bn added to each installment remaining unpa~d 7 days after its due date, and a fike sum shatt be added to each such installment rema~ning unpaid 7 days a~ter each sucteeding paymtnt date. Each maker, surety and endorser hereof, jointly and severally, waives demand, p~esentment protest and natice of proteat for nonpayment, and lurther agreea to any extension of tirne of payment, eithe~ before or after matunty, without notice to any of us; and to pay alt costs of collection, includ~ng a reasonable attwney's fee in fhe event of any defau;t hereunder, and he~eby severally waives alt benefit of homestead and exemption under tl~e constitution and taws of each State of the Un~ted 5tates, as against this obligation or any extens~on or renewal hereof. Wiitness the hand and seal of each party. (SEAI) _s/Robert D. McClenaqan (SEAL) (SEAI) s/Juanita P. McClenaqan ~s~i~ ( ~ State Revenue (~tantpf` cln~~MlQ ~ eAglrre(~tele) PtOW, THERfFORf, the MORTGAGOR fw the purpose of securing payment of sa;d aum of s 2O f~O• 00 and the performance of the covenants and agreemen~s hefeinafter expressed, and fw divers good a~d valuab!e conaiderations, by these presents, does grant, bargain, sell, remise, release, convey and coniirm unto the MORiGAGEE, its successors and assigns, att that certain lot, piece or parcel of fand, situate, lying, a~d being in the Couny of St. ~'uCie and Srate of Florida, de~vibed ss follows: Apartffient II=102 of COLONNADES CONDOMINIUMS VO. S, according to the Declaration of Condominium recorded in OR Book 197, page 1482 of the Public Records of St. Lucie County, Florida, as amended by an instrument recorded in OR Baok 198, page 996 of the Public Records of St. Lucie County, Florida, togetheY with all appurtenances thereto, togeLher with an undivided interest in the common elements and limited elements thereof. SUBJECT T~O the terms, convenants, agree~ents, obligations and provisions of said Declaration of Condolainium which Mortgagor in all things does covenant to Mortgagee faithfully to observe and pezfortd. "This is a corrective mortgage designed to correct an erroneous legal descrip- tion appearing in that certain mortgage of even date herewith recorded in O. R. Book 218, page 93 of the public records of St. Lucie County, Florida, and upon which Intangible tax has been paid as evidenced by receipt No. 233817." ~ i ' ~/1L,6">'~-~ ~pAYIAEM OF T!U(ES ~ aECEnr~o F-----_ ! pUE ON q11~SS'~' INTANGIdIE PEtSOtL+1l P%'0.'f i11~ ~ p~1Alli TO G~1~P1ER 71-134. ALKS 0~ 1. ` pp6FJt P01TRI1S ~•y l a~Rl( CIi1C111T OO~IfCi. 5f. WC1E ~r0, FLJ~ ~ together with all and singular tFx tenements, hered'etaments and appurtances thereunto belonging or in anywise apperisining thereto, and all rents, issues, proceeds and prof~ts acuu~ng and to accrue from said prerr.ise:, alt of which are included in the above and faego'~ng desuiption and hsbendum. ; TO HAVE AN~ T HOLO ~he abovr described and granted premisea unro the said MORiGAGEE, its successors and assigns forever. And the said ' ~heir ~ htORTGAGOR for he;is, executors, sdmin;strators and assigns, hereby covenants with the said MORTGAGEE, its successws and ~uigns, ~ rhat - theY a're_- ?awfully seized of the said premius in fee simple; that the same are free, clear and dixharged from all liens and encum- brances in law a in equity, and th~t they vi,;ll and their heirs shall wsrrant a~d defend the title to the semt to the said - MORTGAGEE, its successors and assigns, fwever against the law~ul claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEf the promissory note hereinbefore described and shaU fruly, prornptly and fully perform, d~sclwrge, execute, complete, comply wiTh and a6ide by each a~d every the stipulations, agreements, conditions and covenants of said prom~ssory note and of this Mortgage, then !his Mortgage and the Estate hereby created shall cease a~d be null and void. IT IS UNDERSTOOD that the word "Mwtgsgor" whefher in the singukr or p(ural anywhere in fhis Mortgsge, shall be :ingular if one only and ~ shaN be plural jointly snd uverally if more than one, and that the word "their" as used anywhere in this Matgage shall be faken to mean "hi~;' "hers," ~ ' or "its," wherever the context so ~mplees w admits. Atw, tha~ wherever there is a reference in the covenants and agreements he~ein contained to a~y of ; the parties hereto, the same shall be construed to mean as well as the heirs, legal ~epresentatives, sutcessas and assigns (eilher voluntary by att of the V i parties or involuntary by operation of the law) of the same and that the covenams herein contained shall bi~d ~nd the benefits and advantagef inure Q ro the reipective heirs, legal representatives, successws and ass~gns of the parties hereto. ' And said Mortgagors, for tF~emselves and their heirs, le~q:,' re resentatives, successors and assigns, hereby jointly and uverally covenant and agree ~ : ro ~nd with tF~e iaid MORTGAGEE, its successors and assigns: ,F 1. To pay sll and singular t1u principal and interest and the various and sundry sums of ~noney payable by vinue of said promissory note, and this ~ mwigage, each and every, promptly on the days respedively the same severalty become dve. - ~ 2. To pay all and ~ingular tF~e taxes, assessments, leviei, liabilities, obt~gations and encumbrances of every nature and kind now on said described~a~u property, a that hereafter may be imposed, suffered, placed, lev~ed, or assessed thereon, w that hereafta may be levied w a~sessed upon this Mortg- ~ age, a the indebtedness secured hereby, exh and every, when dve and payabte, accordi to Isw, befwe the become deli 3 ~9 y nque~f, and beiwe a~y interest arraches or any penalty is incv~red; ANU INSOFAR AS ANY iHEREOF IS OF RECORD THE SAME SHAII BE PROMPTLY SATISFIED AND DIS~MARGED Of i RECORD ANO THE ORIGIf3Al OFFICIAL DOCIiMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSEO OR CERTIFIED) SHALL BE PLACED IN THE HANDS Of SAIO MORiGAGEE WiTHIM TEN DAYS NfXi AFTFR ?AYMFNI; and in the event that any thereof is nat pa~d, sat"sfied and dixharged sa'd MORIGAGEE msy at any t:me pay the samc or any part the~eof without waiving or affecting any o~tion, lien, equity w •~qht under w by virtue of this mortgage and the futt amount of each and every such payment shall be immediatety due and payable and shati bear interest srom the da?e thereof unti! paid at rate of n~ne per tentvm per annum and together w~th such interett shall be setured by the lien of th:s morgtage.