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Home My WebLink About0038 268691 4- THIS INDENTURE, Made ~he 3rd day of ~LObE.'r ' A.O. 19 73 betwecn ~ Laird H. Wallace and Alison R. W~a e is wf e of St . LuCie County flaid~, hereinaiter deignated as the "MORTGAGOR," and fIRST FEDERAL SAVINGS ANO tOAN ASSOCIATION OF FORT PIERCE, a torpaation oryanized and ex~ating undar the laws oi the United Su~as of America and having iti prinupal place of businest in ths Ciy of Fort Pierce, St. lucie County, flwida, hereina(ter designated as tM "MORTGAGEE:' WHEREAS ths MORTGAGOR is ju~tly indebted fo fhe MORTGAGEE in the sum of S 8' 90~ and lawful money oi the U~ ted S~atet advanced by the MOKYGAGEE unto the MORTGAGOR, as evidenced by a ceria~n pro~n~sswy note of even da~e he~ewith, of wh~ch tt~e following in words and fig~res is a true copy, to-wit: sg~ppp~pp ~ 10020469_ fo.~ P~~«e, Fia.~aa, October 3 io_Z~. fa value received, I, we or either of us, prom~se to pay, without defalca~~on, to tix order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE al fo~t Piarce, Florida, the aum of S-8~~~•~~ w;ih interest from date at the rate o~ • 25 ;~o pe~ annum, in monthly install- ~nents as follows: j?4•OO--on the 2Othday of Noveaber ~9_73 and a like sum on the correspond~ng day o( each month there- afrer un~il the whole be fuify pa~d. Each installment first shsll be applied in payment of the interest and then on the unpaid balance of the princ~pal sum. If default is made in the pay~nent of any installrnent ~vhen due, and such defauh continues 30 days, then at the option of the holder, and without any other notice, all the remain+ng ~nsrallments shall be due and payable at oncr. Privitege is givcn to p~epay this nofe in whole or in psrt at any time without penalty. Neither fwebearance, nor acceptance by the holder thereof after any default in any payme~ts hereon, shall be deemed extension. A late payment charge of S-~7O , shal) be r added to each instaliment ?emaining unpa~d 7 days aiter its due date, and a like sum shall be added to cach suth instai:ment remaining unpaid 7 days after each sutceeding payment date. Each maker, sure?y and endorser Fereof, jointly and sevesally, waives demand, p~esentment p~otest and no ' o~rotest fo~ nonpayment, and further agrees to any extensiort of time of payment, either before w after maturity, without notice to any of us; an o pay all coats of collection, includ:ng a reasonable attorney's fee in ihe event of any detau~t hereuoder, ana nereoy severaiiy wawes aii oenein o"omrsir~,: o~~.. ~,.~.+:r:.~. ~•,d laws of each State of the United States, as against this obligation or any extension or renewal r . ~ Witness the hand and seal of each party. ~i L t (SEAU ' (SEAI) - Al) S/ Alison R Wallace ts~?u . ( $12 . 00 ? State Revmue (Srs~*ps eawesFied-on ~o?+ginsh-nae) NOW, THEREFORE, the MORTGAGOR fu the purpose of securing payment of said sum of s 8~~~' ~ and the performance oi the covenanls and agreements here~nafter exp~essed, and fw divers good and va~uable co~~~derations, by these p?esents, does gront, baryain, sell, remise, release, convey and conf~rm unto the MORTGAGEE, its successors a~d assigns, all that certain iot, piece or parcel of land, situate, lying, and being in the County of end State of Fbrida, deacribed as follaws: Apartment No. E- 8 of La Entrada Del Mar, a condominium according to the Declaration of Condorunium dated p~~ber 3O , 1972, r¢corded in Official Records Book 220 pa9e 1747 of the Public Records of St. Lucie County, Rlorida, together with all o~ ts appurtenances according to the Declaration, including an undivided interest in the common elements of said Condominium as set forth in the Declaration~ and as re-zecorded to reflect additional exhibits in O. R. Book 220, page 2192 St. Lucie County, ; Florida, public records. ~ ~ Subject to the terms~ covenants, agreements, obligations and pzovisions of E said Declaration of Condominiua rrhich mortgagor in all things does covenant f to mortgagee faithfully to observe and perform.~ ~ ~ ~ ~ } ~ e ~ ~ S TA T E~ F F L O R 1 D A~ ~ IN PAYMENT OF TAXFS ~ o U~CUMENTARY,~:. t M P z~ DEPi ;JF REYEhUE f: ST--Q ----T-- DUE 01'1 GASS'C' IN7AMCIBIE PE R 9 0 1' U 1 L P R O P E R I Y, . c - ~ K~ ' 4 v~~~ q ~ PURSt1ANT TO CNAPTF4 71-134, ACfS OF ~971 = P.Q. ~ NuY~y~g ~ ~'r ~ f G. 0 `J R06fR POITRAS //1C ~ a -~tIC2 ~f ~ CLERK CIRGlIT C~1RT, S(. UICIE CO., ~ ~ ~ ~ ~ together with all and singutar tfie tenements, hereditaments and appurtances therevnto belonging a in anywiu appertaining thtreto, a~d sll rents, issues, ~ ~ proceeds and profits accruing and to acuue from said premises, all of which are included in 1he above and fwegang dexriptan and habendum. TO HAVE AhD TO MQID the above desuibed and granted prem~ses unto the said MORT6AGEE, its s~ccessors and assigns forever. And the said ~ t1'1Q1I MORTGAGOR fw heirs, e:ecutws, administratws and assign~, herebv tovenann with fhe said MORiGAGEE, its sutcessws and iuign~, ~ ihat - the~ a r~__ ~aWr„nY u~zed of the said premfse~ in fee simple; that the same are free, ckar snd dixharged from ell Iiens and e~cue+- ~ brances in law w in equity, and that they w;ll and their heirs shall warranf and defend the title to the s~me to the said MORTGAGEE, its successws and assigns, fwever against the lawful claims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefae dsuribed and shall truty, promptly ~ ; s and fully perform, dixharga execute, complete, comply with and ab~de: by each and every the stipulations, a9reements, conditions and covenants of s~id = promissory note and of this Mortgage, then this Mortgage and the Esrate hereby crested shall cease and be null a~d void. ~ IT IS UNDERSTOOD that the wwd "Mortgsgor" whether in the s~ngular w plural anywhere in this Mortgsge, sball be singular if one only and :a shall be plural jointly and severolly if more than one, and that the wwd "their" as used anywhere in this Matgage shsll be taken to mean "his;' "hen;' or "its;' wherever the context so implies or admits. Afso, that wherever there is • reference in the covenants and sgreements herein contained to any of ~ rhe parties hereto, the same shall be construed to mean as wpll as the heir~, ~egal representatives, succe:sort and asigns (either voluntary by ad of the ~ parties or involuntary by operation of the law) of the sam~ and that the covenants herein contairxd shall bind ~nd ihe benefi» and sdvantages inure ~ to the respective hein, lagal representatives, successors and sss~gns of the psrtid F~erefo. And said Mortgagors, for themselves and their heirs, legal representatives, successors snd usigns, hereby jointly and severally covenant and agree ~ to and with the said MORTGAGEE, its successors aod assigns: ~ 1. To pay all s~d singulsr the princip~l and interest and the various and sundry sums of money payable by virtue of said promissory note, ~nd this ~ mongsg~ each and every, promptly on the days respectively the same severally become due_ 4. To psy all and siogular the ta:es, asussments, levies, liabili+ies, obligations snd encwnbrarxes of every nature and kind now on said described ~ properfy, or that hereafter may be imposed, suffcred, placed, levied, or sssessed thereon, p thst hereafier may be lev~ed w asxssed ~pon this Mortg- a e, a the indebtedness secured hereb each and ever when due and abk, accordi to law, before the become deli uent, snd before ~n inierest ~ 9 Y. Y. PaY ^9 Y ^Q Y arraches or any penal~y is incurred; AND INSOFAR AS ANY .1HEREOF IS Of RECORO THE SAME SNAIL 9E PROMPTLY $ATISf1ED AND D~S~HARGED OF ~0 ~ RECORD AND THE ORIGINAI OFfIC1Al OOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPI OR THE SATISFACTIOf~ PAPER OFFICIAIIY ENDORSEO pqp ~ OR CERTIFIED) SHAII BE PIACED IN TME HANDS Of SAID MORTGAGEE WITHIN TEN OAYS NFXT AFTER PAYMENT; and in the event that any thereof is not paid, aat"sfied a~d discharged sa:d MORTGAGEE may at any t~me pay ~he same or any part thereof without waiving or affecting any option, lien, equity or •~~ht under or by virtue of this mo~tgage and the full amount of each and every such paymem shalt be immediately due and payable and shall bear ioterest ~•om rhe date thereof omil pa~d at ra~e of n~ne per cemum per a~num and together w~th such interest shall be sec~r~d by the lien of th:s morgtaqe. r- r -