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Home My WebLink About2876 2:~8~E THIS ItVDENTURE, AAad~ tF~e 13th ~y of Februa ry , A.D. 19 74 between FT. PIERCF CONSTRUCTION GORP., a Florida Corporati rn o{ St. t'VCiQ Counry Flwids, hereinaf~er deig~ated ss the "MORTGAGOR," snd FIRST FEDERAL SAVINGS AkD LOAN ASSpC1AT10N OF FORT PIERCE, • corpaation wq~nized ~nd ex~stin9 under the laws of the Un~ted 5?~t~s of America and havi~y its principal place of buu~esi in 1M City of Fort Pierce. St. lucie County, Ftorids, hcreinafter designsted as the "MORTGAGEE:' WHEREAS 1M MORTGAGOR is justly indebted to ths MORTGAGEE in the sum of S'22 ~ 300. , good and lawfu! mo~cy of tFe United S~ates ~dvanced by the MORTGAGEE vnto the MORiGAGOR, as evideiued by a certain promissory note of even date herewith, oi wh~th the lollowing in wwds arid figurea is a trus copy, to-wit: S 22~300.00 ~ ~ 10020635 : F,,, P;~rc~, F~a;d,, Februa ry 13, i974 ; For value received, 1, we or eith~r of us, promise to pay, without defatcano~, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATlON OF i FORT PIERCE al Fwt Pierce, florida, the sum of j 22 ~ 3~ w~th inrerest f~om date at tho rate of 8• 7~-~.°e pe~ annum, in monthly install- ~ ments as fotlows: S 198•~ on the 20th day of ApTll t9 7'~ and a like sum on the correspond~ny day of each month there- afrer unti! the whole be lully paid. Each installment first ahall be applied in paymeM of the interest ~nd then o~ the unpaid balance of the princ~pat sum. If default is made in the ~a,nnent of a~y ins~allment whe~ due, and such default cont~nues 30 daya, then at the option of the holder, and without any other not~ce, a~l the remaining :nstatlrtunts shall be due artd payable at o~ce. Privilege is given to prepay this inote in whole or in part at any t~me without penafty. Neither fwebea~ance, ~ nor acceptance by the holder thereof after any default in any peyments hereon, shall be deemed extension. A Iate payment charge of j__~0, shall be added to each installment remaining unpaid 7 days after iri due date, and a like sum shall be added to each s~ch instaliment remaining uRpaid 7 days after each succeedirg paYment date. ~ facl? maktr, surety artd endwse~ hereof, jointly and severally, wa~ves demand, presentment protest and notice of protest fw nonpayment, and funher ~ a9rea 1o aoy extension of time of paymenf, either beiore w after maturity, without nolite to any of us; and to pay all costs of collecfion, includ~ng s ~ reasonable atto?ney's fee ~n the event of any defaufr hereunder, and hereby severally waives a!1 benefit of homeatead and exemption under t1x constitutan and laws of each State of ~he Un~ted States, a: against this obligation w any extension or renewal hereof. ~ Witneu the hand and seat ot each Pa?ty. FT. PIFRCE CONSTRUCTION C~ORP. cs~~u Corporste Se?~l _ , gy; /s/ D. J. Heller, President (SEAL) a f fixecl, t cs~?u S•~~ , ATTEST; /s/ r~tarvls A. Hc11erF Secret~p~ ~ ( ~ 3tat~ Revenue 4b+e~ips ' ~~aF wo~e) 22 ~ 300 . 00 ~ v~ ,TgEQEfO~E,~!1 fi110RTGAGOR fw the pu~pose of securing paymenf of sa+d sum of S and the perfwmance of ths coi?roj~a~~d ~gr~e~ s 7f8rtinsiter expreued, and for divers good and valuable co~siderations, by these presents, does grant, bargain, sell, remise, ~ rel~~,ponv~~r aq~,1 coa~inlf'furto the MORTGAGEE, iri successors and auigns, all that certain lot, piete or parcel of ~and, situate, ly;ng, and being in the ? S~: ~ecie Co~i'~ snd 51ate of Fbrida, desuibed as follows: ~ ~ : ~f°~q - ~ . A~~~~~'~~ (103 ) of the COIANNADES CONDOMINIUM ~7, according to the _ DecX~:Y~'~ion of Coadominium recorded in O.R. Book 211, Page 6, of the s Publfc RecoYds of St. I.ucie County, Florida, TOGETNER WITH all a~purtenances thereto, and together with an undivided interest in the common elements and limited comtnon elements thereof, - ~ SUBJ~CT TO the terms, covenants, ag~eements, obligations and provisions of said ~ Declaration of Condominium which Mortgagor in all things does covenant to Mortgagee faithfully to observe and perform~ - ~ ES ~ . `it~`F'N~ O~~ E ~,1~ x _ _ - bi ~ ~*S`s ~i~'. y~ . ' ~ _ , ~ x . , - , ~ r~~G`g f~ r~ STATE ~F F~~R~fl~. i 1~~~~,~~`~L,~~~ ' o= o DOCUMENTARY,~:: :;~_STfiMP rt ~ ~ R~~`~;~C~pC~~ER~t s~• ~ F c'• DEP7. Ui FtEV[AIUE ~~LZ_ ~ p';" j ~fJV ~ N_ p~ ~ tLti.a 3 3. 4 5 ~ es~ ~ c, =:itvzr • ! ~ _ 2 s k' ~ ~ rogether with all and singular the tenements, Ixreditsments snd appurtances thereunto betongirg or in aoywise appertaining thereto, and all rents, iuues, - proceeds and profits accrving snd to xcrue from said premises, all of which sre included in the above and foregarg desuiption and Mbendum. ~ } TO HAVE ANQ TO HOlO the above dexribed and g?anted premises unro the said MORIGAGEE, its successors and assigns forever. Md the ssid ~ MORTGEIGQR fw 1 t5 heirs, executors, administratws and assigns, hereby tovenanta with fhe said MORTGAGEE, its suctessors and auipru, ~ that _lt 1S~___` ~awfult seited of tF~e said y premises in fee simple; that the same sre free, ckar ~nd discharged from all lie~s a~d encurt?- # brances in law or in equity, and liu? lt W~~~ a~ 1tS heirs shall wsrrant and defend the title fo the ume to the said MORTGAGEE, its s~ccessors and assigns, fwever against the lawful claims and demands of sll persons; PROVIDED, AIWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promiuory note hereinbefors deuribed and si~all truly, promptly nnd fuily perform, d~xlwrge, execure, complete, comply with and abide by each snd every the stipulations, agreements, conditiau and covenant~ of iaid promissory note snd oi this Mortgage, then this Mortgage and the Estate hereby ueated shall usse and be null and void. IT IS UNDERSTOOD that the word "MortgsgoP' whether in the singular or plu?al snywhere in fhis Mortgage, shai) be singular if one only and ~ shall be plursl jointty and severaily ii more thsn ane, and that tbe word "fheir" as ~sed anywhere in tha Mortgsge shall be taken to mean "his," "hen;' or "its;' whereve~ the contex? w implies or admits. Alw, that wherever there is s reference in the covenants and agreements herein contained to any of ~ ; ~he p+Aies hereto, the same thall be construed to mesn as well ss the heirs, legal representarives, tutcesson a~d suigns (either vol~ntary by ad of the parties o~ involuntery by operstion of the law) of the same snd that the covenants herein contained shall bind snd the be~efits and advantages i~u~e ro the respective heirs, legal representatives, svccessors and ass~gns of the parties hereto. Md said Mortqsgors, fw themselves and their heirs, legal representatives, successors eod ~uigns, f~ereby jointly and uverally covenant and +gree to and with the aid MORTGA('iEE, its successors and assigns: To pay all and singular the principal and interest and the varrous and sundry iums of money payable by virtue of said promissory note, and this " mortgage, esch u~d every, p?omptty on fhe days respectively the ssme severally become due. ` 2. To pay all and singvlsr the uxes, assesunenn, leviei, liabilities, obligatio~s and encumbrances of every nature and kind naw on said dewibed ' property, p that here~fter may be imposed, suffered, placed, levied, or sssesud thereon, or thst hereaite~ may be levied q assessed upo~ this Mort¢ a9e, w the indebtedneu secured hereby, each and every, when due and payable, according to Iaw, before they become de(inquem, ~nd befwe any interest ? artaches or sny penalty is incvrrFd; AND INSOfAR AS ANY THERfOF IS Of RKORD TME SAME SHAII BE PROMP1lY SATISFIE~ AND DISCHARGED OF RECORD AND THE ORIGItvAI OFfIC1Al DOCUMENi (SUCH A5, FOR INSTANCE, 1HE TAX RECEtPT OR THE SATISFACTION PAPER OffICIAtIY ENDORSED _ OR CERiIFIEO) SHAtI BE PIACED IN THE HANDS OF SAID 1~10RiGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMfNT; and in rhe event fhat any thereof is not ~ paid, sat'sfied end d~scharged sa:d MORTGAGEE may a~ any t~me pay the same a any part thereof without waiving w affecti~g sny option, lien, equity or - •~qht under or by virtue of this mortgage and the futl amount of each and every such payment shall be immediately due and payable snd shall besr interest i.om the date thereof until paid at rate of n~ne per centum per a~i?v a~ e~her r~.~r terest shall be sewred by the lien of th:s mor9t~e. 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