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Home My WebLink About1134 z~3s~s ~ THIS INDENTURE, 11~4sd~ the 22nd day of y January A.D. 19 74 be?wee~ _ _ Louis P. Merlano and Jane C. Merlano, his wife of St. Lueie ~~~y Florida, here+nafta desgnated at Ihe "MORTGAGOR;'~+~d NRST fEDfRA1 .SJ\YINGS AND IOAN ASSOCIATION OF FpRT PlERCE, ~ corporation wp~~ized and axistin~ unda t6e laws of IM United Su~~s of 71mKiu and h~vi~p its pti~cipal place of busines~ in the City of Fort P;srcs, St. tucie Covnty, Florida, hereinaftsr deiignatad as ths "MORTGAGEE:' WNERfAS ths MORTGAGOR is justly'indebted ro ths MORTGAGEE in the sum of = 21 ~ OOO' , good and lawful morvey of the Un±ted 5~ate~ advanced by the MORiGAGEE unto the MORTGAGOR, as evidenced by a certa:~ promiuory no~e of eren date herewith, of which the followin~ in words snd figurei is a Irue copy, to-wit: s 21~~00•~~ ~ ~ 1~020606 Fort Pierte, Fr«~d~, January 22 ~y 74 For value received, 1, we w either of us, prom~u to pay, w~thout defatcar~on, to rhe order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIO~I OF FORT PIERCf at Fort Pierce, Florida, the sum of j 21 ~ 000• witb ;nreres! from date at the rate of9 • 5 °6 per annum, in monthly install- ~~~ents as /ollows: = 1~•~ on the 20th day of ~r 197'4 and a like sum on the cwrespondi~g day of each month fherr afrer until the whole be fully paid. . Each installment first shall be applied in payment of the interest and then on lhe ~npaid bnlance of 1he princ~pal sum. If default is made in ihe F~ayme~t of any installmenr when due, and such defaul? continues 30 days, then at the option of the holder, and without anp other notice, all tht remain~ng ,nsrallment~ shall be due and payable at once~ P~ivilege is given to prepay this note in whole or in part at any time without penalry. tJeither forebearance, t nor acceptaoce by Ihe holder.thereof after any default in any payments hereon, shall be daemed extension. A Iate payme~t tharge ~f f9•8O shall be f added to each inssaltment r~maining vnpaid 7 days after its due date, and a like sum shall be added to each such installment remaining vnpaid ~ days efte~ each succeeding payment date. Each maker, surety and endo~ser hereof, join~ly and seve~ally, waives demand, prese~tme~t protest and notice of pratest ~or nonpayment, an3 furthet agreea to any exteniwn of time of paymeM, either before w after maturity, wirhout notice to any of us; and to pay al! cosrs of collection, includ~ng s rea:onable attorney's fee in the evenf of any defauit he?eunder, and hereby several~y waiwes a~l benefit of homestead and exemption undc~ the constitution ,~~d laws of each State of the United States, as again~t this obl:gation or any exrension or renewal hereof. ; Wit~ess the hand and sest of each pa~ty. s/LAuis P. Merlano ~EA~~ . Q~,c,~c~ ~.Cc~u.~.~.7 ~?U s ane C. Merlano (SEAI) EA ~ $ 31 . 50 ~ state Revenua ! j ~ U (Sraw~•erncelt~e~ «r wigieal ~st~) ? NOW, THEREFORE, the MORTGAGOR fw the purpox of aecuring payment of said s~m of =~1 ~0 , and the perfo?mance of the covenants and agrecments hereinafter ex/xressrd, and fw d~vers good and vsluable considerations, by these presents, dces grant, bargain, selt, rem~se, retease, convey and confirm unto rha MORTGAGEE, its successorf and auigns, all that certain lo~, piece or parce~ ef land, situste, lying, and being in the County of St . LuC 1Q and State of Flwida, described as follows: Lot 4, Block 16, 90UTH PORT ST. LUCIE, UNIT ~3, according to the plat thereof on file in Plat'Book i2 at Page 4 of the public recozds of St. Lucie County, Florida, _ ~ ~ _ - fl~ Y~ , ~F ~:~5~ ~ ~PEN P~,r ~.3~.~J~ ~ , s s o ~v~`.~vk~U . ; ~ ~ . " i- d OZ ~3=~ s,'~;\:~• O';. % ~ ~ ' L ~ i Y•8' ~ i tti~a2 ' RECfIYfD IN PAY11fM OF 111XES - ~ ~ Dl~ ON CUISS 'C INTANGIBLE FERSONAL PIIOPER[Y~ W1~T TO Ct~A~:'R 71-134. ACTS OF 191L , fttx,ER POt7RAS ClFRK CIRCUR CUUAT. Si, LUCIE PLA, ' } ~ . ~ _ t _ ~ rogether with all and singular the tenements, hereditamenti and appurtances thereunto belonging d in anywiu appertaining thereto, and all re~ts, issues, ' proceeds and ¢ro(~ts acc~uing and to acaue f?om said premisa, all of which are included in the above ~nd fa ~ desui tion and habendum. ; ~ ^9 P TO HAVE AND TO HO1Q 11~e above desuibed and gr~nted premises unto fhe said MORTGAGEE; it~ sucusson and assigns forever. And tM said their .ti!ORTGAGOR fw - heirs, executws, administratws and assig~s, hereby covena~ts with the said MORTCaAGEE, i» successors and assi~ro, rhat _ the~/-are _ lawfuil se~zed of the said y prem~ses in fee simple, that tF~e same are free, ck~r ~nd diuharged irom al) liens and encum~ b.ances in Isw or in cquity, and that ~hey w;11 and their heirs shsll wsrrant and deferd the title to the same to the said 'dORTGAGEE, its successon and assigns, forever against rhe lawful claims and demands of all perswn; F PROVIDfD, ALWAYS that if the JIAORTGAGOR shall pay unto tFu MORTGAGEE the promissoty note hereinbefore dewibed ~nd shall truly, promptly ! and fuliy periwm, d~uha~ge, execute, complete, comply with and ab~de by each and every the stipvlatio~s, agreements, conditian ~nd tovsnants of said } promisso~y nore aod of this Mortgage, tF?en thia Mortgage and the fstsfe hereby created sha11 cease and be n~ll and vaid. ' IT f5 UNDERSiOOp that the word "Mortgagor" whether in the aingular or plural anywhere in fhis Mortgage, shall be singular if one only ~nd ~ shall be plural jointly and severally if more tha~ one, and that the word "their" as used snywhere in thw Mortgsge shall be fske~ to mean "his," "hen;'~ ! or "its;' wherever the context w implies or admits. Alw, thst wF~erever there is s refe~ence in the covcnants ard agreement: F~erein cont~ined fo any of the parties he?eto, t!x same sh~ll be construed to mean ss well st the heirs, legal repreuntatives, succeswrs and assigns (either voluntsry by act of the~ panies or involuotary by operation of the taw) of the same anil that the covenants herein conhined shall bind and the benefits and advantages inure ~ ro the respedive heirs, legal representatives, successors and asrgns of the pan;es hereto. { Md said Mortgagon, for themselves and their F~eirs, legal represe~tatives, successors •nd suigns, hereby joinNy and severstly covcnant and aflree ? ro and with the wid MORTGAGEE, its s~ccessort and ass"gns: 1. To pay all snd singular the princip~l and interest ~nd the various and sundry swns of money payable by virtue of said promiuory note, and thisA j { mwtgsge, each ~nd evcry, promptty on the days respec~ively the sarr:e uvrrally become due. ~.~i 2. To pay all erx! ~ing~lar the laxes, assessments, levies, fiabilities, obl~gations ar?d encumkxantes of every nature and kind ~ow o~ said dexribed~d property, or that hereafte~ may be imposed, suf(ered, plxed, levied, w assessed thereo~, or that heresfie~ may be levied or uxssed upon this Morty-~o age, w the inclebtedneu secured hereby, esch and every, when due and payable, xcording ro law, before fhey become delinquent, ~nd befor~ any interest atraches w any penalty is incv~red; AND INSOfAR AS ANY THEREOF IS Of RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGEO Of RECORD AND THE ORIGINA~ OfFIC1Al DOCUMENT (SUCH A5, FOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACiION PAPER OFfICiAtIY ENDOkSED OR CERTIFlED) SHAII 8E PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; a~d in the event that sny thereof is not paid, saYSfied ~nd discharged sa:d MORiGACaEE may st any t~me pay the same or any pan thereof without waivi~g or affecting any option, licn, eqvity or ~~qht uRder a by vi~tue of this mo~tgage a~d the full amo~nt of each and every such payment ~hal1 be immed'eately d~e and paysble and sF?all besr interest ~.om ~F.e date thereol uMil paid at rate of n~ne per centum per annum and togethe~ w~th such intere~l shall be secured by the lien of th's morgts9e. _