HomeMy WebLinkAbout2874 c,"1'48~ i ;
THIS INDEtYTtJRE. Mad~ rhe 13th day of February A.D. 19 74 betwce~
rt. PieYCe Constxuction Cor . a~lorida Coz oratian
oF $t •~'uC e CWnty Fiwidi, hereitwfter deignated s~ tha "MORTGAGOR;' antl F1RST FEDERAL SAVING$ AND IOAtV
ASSp~IATION Of FORT PIERCE, a corpo?atioe~ orya~ized and exi:~ing v~da the laws of the U~+?ed Sfat~s of America and Mvinp its principal place of
bu~iness i~ tM City oi Fort Pi~rce, St. lucis County, Florid+, hercinafter de~~ynatad ~s ths "MORiGAGEE:'
WHEREAS tM MORTGAGOR is j~itly indebted to tFa MORTGAGEE in the sum of ~ 23,1~~. ~0 good and iawful money ot the Un~ted
State~ advanced by the MORTGAGEE unto the MORiGAGOR, as evidanced by a cenain promissory note of aven date F~erewith, of which the following in
words and fiqures is s ~rw copy, to-wit:
= 23,100.00 ~ 10020636
iort Pierte, Fio.~d., Febr uar y 13 19 74
fw value received, I, we or eithe~ of us, promise to pay, without defalcation, to ~he order of FIRST FEDERAL SAVINGS AND tOAN ASSOCIATtON OF
FORT PIERCE at Fort Pierce, Florida, the sum of S 23 ~ 1~. 00 with interes/ from date at the tate of 8'
7S o per enrtam, in monthly install-
rr~ents as foSlows: S 2OS . 00 2OL f1 day of Apr i l 14 74 and e like sum on the ca~espond;ng day of each month the~e-
a(ter unti) the whole be tully paid.
Eath installment (irst shall be applied in payment of the interest and ~hen on the unpaid balance of 1he princ~pal sum. If defavtt is made in the
payment of any installment when due, and such default continues 30 days, then at the optan of the ho~dcr, and without a~y other notice, all tF~e remainirg
:nitallments shall be due and payabte at once. Privilege is given to prepay this rate in whole or i~ part at any time withou~ penalty. Neither taebear~nce,
nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extertsion. A late payme~t charge of S1O' 2$ , shatl be
added tu each ins~allment remaining unpa~d 7 days after in due date, and a tike sum shall be added to each such instattrtxnt remaining unpaid 7 days after
each succeeding payment date.
Each maker, surety and endorur hereof, jointly and severally, waivcs demand, presentment protest and ~ot;ce of protest for nonpayment, and further
agrees to any extension of time oF payment, either before w after maturity, wirhout notice to any of vs; snd to pay all costs of co(lection, including a
reasonable attorney's fee in the event of any defauit hereunder, artd hereby severally waives all benefit of homestead and exemption under the constitutan
and laws of each State of the United States, as against this obligation w any extension w renewal hereof.
w~tnesa the hand and,seel of each party. FT. PIERCB OO~ISTRUCTH?.11 WRP.
CORPORA~;B ~~L AFt~IXED BY~ S/D. J. H~21er ~Ai~
~.~.,u~~..,,~
~ ~ ~q~~
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; - • ATTEST : S/Mazlys A, Heller ~~i~
t - ~`~f r ~5t e
Ji1ttawe (SEAU
(Sta~npsre~d~ . ' ' ,
=~~ER~~jE, il+~ ~ ~/1GOR fa the pu?pose of securing payment of seid sum of ; 23 ~~-OO. ~ and the performance of ths
covtnantseal~?sg ri tit.:exp~esstd, and fw divers good a~d vslwbte considerations, by fhese presents, does gra~t, bargain, seil, remise,
~ .
releaset 4qqver~aod co~Ap un1~~ MORTGAGEE, its successors and augns, aIl that cenai~ lot, pieos w parcet of tand, situere, ~yi~g, and being in ths
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County ot ~tlLa~~e ~ and State of Flwida, dewibed ~s follows:
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ApaYtment I~IOl) of the CQLONNADES oONDOMINIUM according to the Declara-
tion of Condominium recorded in O.R. Book 211 Page 6 of the Public Records
of St. Lucie County, Florida,T~OGE2HER WITH alI appurtenances thereto, and
together with an undivided interest in the common olements and limited commo~
elem~ts thereof,
SiJBJECT T~O the terms, covenants, agreements, obligations and pYOVisions of said
Declaration of Condominiwn which Mortgagor in all things does cavenant to
Mortgagee faithfully to obseYVe and performr
~.t1~ OF v~
'y/ \li Q*~t,~`t Q lyl~•
zE ~ , ~ 6~9~'Q~t~~ts p~
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~~i o' o~A~E ~LOR~~~i 1 0~~-°"~°G~~~o'~t~S~~
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kEYENUE ~--.i ;.y~ ~
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rogethe~ wifF~ all arn! singular the tenements, hereditaments and sppurtsnces thereunto belonging or i~ a~ywise appertaining therero, and all rentt, iuues,
proceeds and profits acauing snd to acuue from said premises, all of whicfi are incfuded in the abova and foregoing descripiion snd F~sbendum.
TO HAVE AND TO, HOlO the above dewibed and grsnted premisa unto the seid AAORTGAGEE, it~ successon and sssi9ns fweva. And ths said
MpRTGAGpR fot -1tS heirs, e:ec~tors, administrators and assigns, he~eby covenanri with the said MORTGAGEE, it~ suaessws ~nd ~sigra,
that lt ZS---- tawful~y seized of the said premixs in fee simple; that the same are free, clear and discharged from aN liens and encurtr
brances in !aw or in equity, and thst It w;11 and 1 t S heirs shell warrant and defend the titk to the same to the said
MORTGAGEE, its successw.s and au~gns, fwever against the lawfvl claims and demsnds of a{I perso~s;
PROVIDED, ALWAYS that if the MORTGAGOR shaU psy unto the MORTGAGEE the promiuay note hereinbefore described and thall truly, promptly
and fully perfwm, d~uharge, execute, compkte, canply with ind sbide by each and every the stipulstions, agreements, conditions ~~d covenants of said
promisw~y note and of this Mortgage, then this Mo+tgsge and the Eatate hereby crested shall ce~se and be null and void. .
, IT IS UNDERSTOOD that the word "Mortgsgor" whether i~ the singular or plvral anywhere i~ this Mwtgsge, shatl be singular if one only and
ahall be plural joint(y and severalty if more then one, and that the wad "their" as used s~ywF?ere in this Ma~gage ihsll be t~ken to mea~ "his;' "hcn;'
or "its;' wfierever the conte:t to implies or admits. Also, that wherever the~e is a referent~ in the tovenanri ~nd sgreemenb herei~ tontained to +ny of
?he parties hereto, the same shalf be construed to mean ss well as the hein, iegal representatives, wccesson a+~d auigro (eifher voluntary by ~ct of tha
parties or involuntsry by operaYwn of the law) of ~i~e aame and that the covenants herein contsined shall bind snd the benefiri and advaMages inure
to tF~e respective hei~s, legaf reprexntstivei, succeuors and aas'gns of tha partiq he~eto.
~ And said Nlortgagors, fw themulves and their heirs, legaf repreuntatives, s~ccessws and assigns, hereby joinHy and saverally covenant and agree
ro end with the sa~d MORTGAGfE, irs successws and au;gni:
1. To psy a!I and singvlar tF~e principal and intcrest and tF~e various and sundry wms of money payable by virtue of said promissory note, and this
mortg~ge, each and every, promptly ai the days respectively the same sevenlly lxcort~e dve.
.
2. To pay all and singvlar the tsxes, ssaessmenb, leviet, li~bilities, oWigations and encumbruxes of evtry nawre ar?d kind raw on said described
property, a that heroafter may be imposed, suffered, plxed, levied, w asscssed thereon, p th~t hereafter m~y be Icvied w ssseued ~pon this Mwt¢
i age, ot 1hs indebtedneu iecured hereby, ~sch and every, when dve and payable, accordiny to law, before they become delinquent, ~~d before ~ny (nterest
a~taches o~ any penalty is incurred; AN~ INSOfAR AS ANY THEREOF IS Of RECORD 7NE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF
RECORD AND TME ORIGINAI OFFICIAI DOCUMENT (SUCH AS. FOR INSTANCE, THE iAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSED
OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID NIORIGAGEE WITNlN TEN DAYS NEXT AfTER PAYMENT; and in rhe event tha? tny the~rof is not
paid, sat'sfied and diuharged sa:d MORTGAGEE may a! ~ny time pay tF~e ~ame or any part thereof without waiving w affecting any opfion, lien, eq~iry a
•~qht ~nder or by virtue of this moitgage and the full amou~t of each and eve~y such payment shall be immediately dve and payable and shatt besr interest
irom the date thereof until pa~d at rate of n~ne per cent~m per snnir0 r~o~+ her w~? rest sh~ll be secured by the lien of th:s moryta9e.
~ : ;1 ~~?J PA~E '!'t