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Home My WebLink About2687 ~•;V THIS INDEMTURE, Mads ~he 20th day of FebruarY , A.D. 19 74 betwren ran . ilone an toinette G. Xhilone, his wife of St. LuC1Q Covnry Florida, hereinaf~er da~ynared •s the "MORTGAGOR;' and FIRSi FEDERAL SAVINGS AND IOAN ASSpCIAT10N OF FORT PIERCE, a co~paa~~on otganised and exis~~ng under ths laws af tbs Un;tcd S~~t~s of ArrKrica and having iti principal pt~ce of twsinets in ths City of Fwt Pierce, St. Lucie Co~My, flaida, hereinafter des~gnaied as the "MORTGAGEE:' WHEREAS the MORTCAGOR is juitly indebted to the MORTGAGEE i~ the sum of = 3O ~ 700. ~ g~ and lawful money of the U~<<ed Sratei advanced by the MORIGAGEE unto the MORfGAGOR, as evidenced 6y e certa~n pro~nissay note oi even date herew~th, of wh~ch the iollowing in words and fi9ures ii e~rua copy, to-wit: = 30 , 700. 00 2 002U644 Forf Pierce, Flaids, Febr~ary 2Uth ~y74 for valve received, 1, we w either of us, prom~se to pay, without defalcat~on, to ~he orde? of FIRST FEDERAI SAVINGS AM11Q LOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Florida, the sum of S 3OL70n• ~ - with interest (rom date at the rate of 75;K, per annum, in monthly install- n,rnts as follows: s 272 on the 2Oth day of APr il ~q 74 _ and a like sum on ~he conespond~~g day of each mon~h thcre- atter until the whole be fully paid. Each installment first shall be applied in payment of the interest and +hrn on the unpaid balance of the princ~pal sum. If defauh is made in the f ayment of any installmeM when due, and such defavh continues 30 days, then at the option of the hotder, and withouf any other notice, all ~he remain~ng ~~stallments shall be due and payab:e at once. Privilege is given to prepay this note in whole or in pan af any time without penalty. Neithe~ torebearance, nor accepta~ce by the hoider thereof a(te? any default in any payments hereon, shall be deemed extension. A late payment charge of a13 • 6~ , shall be added to each installment rcmaini~g unpa~d 7 days after its due date, and a iike sum shalt be added to each such insraflment remaining unpaid 7 days after each svcceeding payment date. • Each maker, surety and endorser hereof, jointly and severally, waives demand, p~esentment protest and notice of protes~ for nonpayment, and funher agrees to any extenaion of time of payment, either be(ore or after maturity, without not~ce to any of us; and to pay aH costs of collxtion, incSud:ng a reasonable attorney's fee in the event of any defau+t hereunder, and hereby severally wa~ves all benefit of homestead aad exemption under 1he tonstitutio~ a~:d laws of eath S~ate of Ihe United States, as against this obl;gation or any extension or renewal hereof. Witness the hand and seal of each pa?ty. s/Frank A. Xhilone ~s~nt) - (SEAI) s, Antoinette G. Xhilone ~~A~~ $46 . 05 ~SE'°u l- ) Stafe Reven~e (Starnps-caa+ceile~ eer eriginsl •nets) NOW, THEREFORE, the MORTGAGOR fot the purpose of securing payment of said sum of S 30~~~•~~ and the performance of the covenants and agreements hereinafter expressed, and for d~vers good and valuable considerations, by these presents, dces gront, baryain, sell, ~em~se, re:ease, tonvey and confirm unto the MORTGAGEE, its succeswrs and assigns, eil that certain lot, piete or parcel of land, situate, lyi~, and being in the County of St. LUC1@ and State of Florida, desuibed a~ follows: Apartment V(207j COLANNADES CONDOMINIUM ~i9, according to the Declaration of Condominium recorded in O~R. Book 223, page 864, Public Records St. Lucie County, Florida. 'POGETHER t+IITH alI appurtenances thereto, together with an un~livided interest in the common e2ements and 2imited c.ommon elements thereof, SUBJDCT 1i0 the terms, covenants, agreements, obligations and provisions of said Declaration of Condominium which Mort~ag~r in all things does covenant to :~!ortgagee faithfully to boserve and perform. ~ S T,c~T c~ F F L~ R t~, 1 ~E~,~ a ry~ PAYNEltf Of TAl(ES o z ~w D 7 C U M E N T A R Y,~. S T!+ ~v; Y~:,~' p~ pN ct/1SS ~C IN?M~s~elE Pf~~lAl r~:arEitiY, ~ LEP~ 'JF AEYENUE r' _ 'ijs~~-~,~~. ~ ~ P!lR~Nrf 10 C1111PiE~ 71-13~t. AGTS ~ lUL q~ =...~~c•~~ ~ ~eat rorrw~ S i~._ -4s.os, ` - P8. ~`~~1,~ p~ C~fiGY1T OOUfIf~ S~ t~IE 00, R1l ~ _ ~,~oz ~ - ~ . ~ i ~ together with all and singviar the tenements, hereditsments and appurtances thereunto belonging or in anywise sppe?taining therefo, and all rents, iuues, proceeds and profits accruing and to accrue from said premises, aH of which are included in the above and foregoirg desuiption and habendum. ; TO HAVE ANU JO FjOLD the above described and granted piemises unto the said MORTGAGEE, its successors ~nd essigns forever. And ths said i MORTGAC~p Q for t[lelr executors, administr~fors and assigna, hereby covenants with the said MORTGAGEE, its successors ~nd assigns, ~ rnat - they-aYe-- lawfully seized of the said premiscs in fee simple; that the same are free, clea~ and dixharged from all liens and encum- ~ brancea in law or in equity, and that they w;1i and their heirs shall warrant and defend tFx title to the ssme to the ssid i '/~ORTGAGEE, its successors and assigns, fo~ever against the lawful claims and demands of all perwru; PRQVIDED, ALWAYS thst if fhe MORTGAGOR shall psy unro fhe MORTGAGEE the promissory note hereinbefors dexribed and shall truly, prompfly and fully pe~form, discharge, execute, complete, cort~ply with and abide by each and every the stipulations, agreements, conditions and covenants of said prom~ssory note and of this Mongage; then this Mwtgage and the Estate hereby created shalf tesse and 6e null and wid. ~ IT (S UNDERSTppp thsl the wwd "Mortgsgoi' wF~ethcr in the singutar or plurat snywi~ere in this Mortgage, shall be singular if one only and shall be plura! joinfly ~nd severally if more than one, and that the word "their" as used snywhere in th~s Mortgage shall be taken to mean "his;' "htn,"'A ~ or "its;' wherever the context so implies or admits. Also, that wherever there is a reference in the covenants and sgreements hercin contained to any of~M the pa.ties F~ereto, the same shali be construed to mean as well a~ the heirs, leqal representatives, successon and assigns (either voluntsry by act of thew ~ parties or involuntary by operaYan of the law) of t6e iame and tha? the covenants herein contair?cd shall bind and the benefits +~d adva~tages inura~ fo the respective heirs, legal repreuntatives, successors and ass~gns of the parties hereto. And said Mortgagors, (or themulves and their heirs, tegal representatives, svccessors a~d auigns, hereby jantly and severally covensnl and sgrte ~ E to snd with the taid MORTGAGEE, its successors a~d auigns: ~ f 1. To pay all and ~ingular the principal and interest and the variovs and sundry sums of money payable by virtuz of said ptomissory note, end this ~ t mortgage, esch snd every, promptly on the days respectively tf~e same severalty become due. i 2. To psy all and singuiar the taxes, assesunents, tevirs, liabitit~es, obliga~ions and encumbrinces of every nature and kind now on said described ~ property, p that hereafter may be imposed, s~ffered, placed, levied, w sssessed the~eon, w thst Fxreafter may be levied a usessed upon ihis Mortg- age, w the indebtedneu secured hereby, each and every, when due ind payable, according to taw, befwe ti+ey become delirpueM, a~d befo?e any inte?esf afraches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE $AME SHAII SE PROMPTLY SATISFIED AHD OISCHARGED Of ~ RECORD AND THE ORIGINAL OFFICtAI ~OCUMENT (SUCH AS. FOR INSTANCE. THE TAX RECEIPT OR THE SATISFACTION PAPER OfFICIALLY ENpORSEO OR CERTIFIED) SHAII BE PLACE~ IN THE HANDS OF SAID MORTGAGfE WIIHIN TEN DAYS NEXT AFTER PAYMENI; and in the event that any thereof is no~ paid, sat"sfied and discharged sa:d MORTGAGEE may at any time pay the same w a~y part the?eof without waiving w af(ecting any option, lie~, equity or •~aht under w by virtue of this mortgage and the full amo~nt of euh and every such payment shatt be immediately due and payable and shall bea? interest ~-om the dare ther~f unti! pald at ra~e of n;ne per centum per :nnum and together w~th such interest shall be sec~red by the lien of th:s morgtage. ~ - : r~ ~ x" ' ` - c ,~a~1M-€ ; X.~.r~''':' ~~a`-.+.~r.~,r . x k ~ c TM ~ x v- _ ~ ~ . _ ' _ . _ .