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Home My WebLink About2695 `~v~a7 THIS INDENTURE. 1N~da the Sth day of March A p 19 74 ~~w~Q~ W an N. R c ey, Sr. an G~inna D. R c ey, is w fe of St `LI1C ~e , Co~nry Flor~d~, hc~e~nafter deiynated as Ihe "MORTGAGOR." and FIRST FEdERAI SAYINGS ti`J~ IOAN ASSOCIATIO~I OF FORT PIERCE, ~ corpaaeia? oryanized and exis~~ng u~de~ ~he laws of ths Un~ted Stato~ of America and haviry its p~i x~~al plra of buaineu in 1F~s City of Fwt Pieres, St. luci~ County, flaid~, hereinahe~ de:ignated as tFN "MORiGAGEE:' WNEREAS the MORTGAGOR is jusdy indebted lo the MORTGAGEE in thc aum of f.~~~n-DQ~-_, good and lawful money of the Ur.~t~d States advanced by the MORTGAGEE unto the MORTGAGOR, ss evidencrd by ~ certe~n promissory note of even date herew~~h, of w`ich the fo!tow~~ in wads and (;gurs~ is a trus copy, towit: ~ 15,000.00 ,~p1002(S[i89 Fwt Pierce, Florida, March 8 ~q_~ for value received, i, we w either of us, prom~se to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS ANO IOAN ASSOCIATI()N nF FORT PIERCE at Fwt P~erce, Florida, ?he sum of S-..~-~~~+~ with interest irom date at fhe rate of ~~-Xo per dnnum, in mont~~ly i:•sta16 ments s~ fol!ows: = 124 on tF~Q~1- day of A~ r i 1 ~9~Q_ and a like sum on the co~respond~ng d~y of each month there- afier unti! the whole be fully paid. Each installment first shall be applied in payme~t of the interest and ~hen on ihe unpaid balance of the princ~pa) sum. (i default is made in the vayment of any installment when due, and such default conlinues 30 days, then at the optton of the holder, ar+d without any othet notite, alI the remain;ng installmenfs shall be due and payab!e at once. Privilege is g~ven to prepay this note in whole w in part at any t~me without penalty. Neifher forebeara~ce, no~ acceptance by the hotder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge of S 6'~-. ahall be added to each in~tallment ~emainirg unpaid 7 days after its due date, and a like sum shall bz added to each such inslatiment remai~ing vopaid 7 days after each succeeding paymtnt dare. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and funher agrees to any extens'an of time of payment, either before w afler maturity, without notice to any oF us; and to pay all costs of co~lection, includ;ng a reasonable at~orney's fee in the event of any defau7t lrcreunder, ar~d iureby severally waives all benelit of homestead and exemplio~ under the constilution and laws of each State of the United States, as against this obligation w any ex~ension w renewal hereof, Witoeu the hand and seal of each party. S~ Wiilj.~~ j~]. Richey, $Z. (SEAt) ~ (SEAI) S 1 illid D . (SEAL) S 22. ~ R ichey ~i~ ~ ) Sta1e Revenue caanps eanceMed eet ~riyins?- nvter - NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 15~ snd the pcrfwmance of the covenar~s and agreements hereinaf~er expressed, and for dive~s good and valuable considerations, by fhese presents, does giant, bargaio, sell, remise, release, convey and conf' m unto the JNORTGAGEE, its successors and assigns, all that certain IoL piece w parcet of land, situate, lying, and being in the ~ounty of ~t • LtLC1Q and State of Florida, dewibad ss follows: Apazt~ent No. 203, Building III, of ISLAIm I~USE CONDOMINIUMS, PHASB I, according to the Declaration of Condoainium and all exhibits thereto dated May 23 , 1973, recorded May 29 , 1973, in OFf ic ial Records Book 214, Pages 1858-1933, of the Public Records o~ St. Lucie County, Rlorida, together with all of its appurtenances according to said Declaration of CondoniniuR and all exhibits thereto and together with a21 tenements and hereditaments thereto belonging or in any~rise appertaining to said apartment. StBJECT 1~0 the tezms, covenants, agreements, obligalions and provisions of said Declaration of Condominiua and all exhibits thereto rrhich the Mortgagor in all things does cover~ant to Mortgagee faithfully to observe and perlorm. ~ S TAT E J?- ~~.O F? ~ D~'+ 1 o? UUCUMEN?AR~ .-=-•;`STA M~-'-t~ > ~ crz' y~ w?r~Drr of j~c:S ~ D'E! ~ UF REVE?vtl£ Rf~E1V83 a+~-•-~ z,. .'a ( ' r. ~ - --~=:~''Y t [ ~ INTAN6181F PERSOMAI ?R(1lE~A ~ ~m . ~ _ P8 - . iv ~i ~ ~'{Pi + z ~7 O t ~j~~(~ ~ f.H~1Q~ ~1•1~. ~1$ ~ 1~~~.~yy t { o = ~I~r•2 •:_a~' , fOGER POflWI~ ~ r,1ERf( CiHCi1t1 GO+1Nf. ST. lUl:1f ^A~- 't'~ ~ E ! together with all and singular the tenements, hereditaments snd appurtances thereunto belonging w in ~nywise appertai~ing thereto, and sll rents, issues, proceeds and profits acuuiny and to sccrue from said premixs, al! of which are included in the •bove and faegarg desuFption and 1~abendum. TO HAVE AND TO HOlO the above dex~ibed and granted premi:es unto the said MORiGAGEE, ifs sutceuors and assigns forever. And the s~id ~ MORTGAGOR fw th$-1X heira, executor~, administ~ators and sssigns, hereby covenants with the said MORTGAGEE, its successors snd suiym, ~ rhat - thpy aYe - lawfully xized of the wid premixs in fce simple; that the iame ~re free, clear and discharged from all liens and encum- I brances in law or in equity, and thal they w;11 and t~? Y hein shall wsrrant and defend the title to the same to t1~e ssid ~ MORiGAGEE, its successws and assigns, torever agalnst the lawful claims and demsnds of all persons; I i PROVIDEO, AIWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe destribed and shall truly, promptly ~ ~ and fully pertorm, discharge, execute, complete, tompty w~th and abide by each and every the stipulation~, agreerrKnts, co~ditions snd covenann of said E prom~ssory ~ote and of this Mwtgage, then this Mortgage and the Estate hereby aeated shall cesse and be null and void. ~ IT IS UNDERSTOOp that the word "Mortgsgoi' whether in tFx singu!ar w plural anywhere in this Mortgsge, shall be singutar if one onty and ~ ~ shall be pturat jointly and severally if more rhan one, and fhat the wo.d "the~r" as vsed anywhere in ihis Mortgage shall be taken to mean "his," "i?ers" or "its; ' wherever t1~e context so imp~ies or admits. Also, thal wherever there is a reference in the tovenanri and sgreements herein to~tained to any of ~ [ the parties hereto, the same shall be construed to mean as weit ss the heirs, lega! representative~, successon snd assigns (either voluntary by act of the ~ parties or involuntary by operation of the law) of the ssme and that Ihe covenants herein contained shall bind and the benefits and edvsntages inure ~ ro tt~e respective heirs, legal repreuntatives, succesiws and ass~gns of the ~artie~ hereto. ~ And said Mortgsgors, for themxlves and their heirs, legal reprexntatives, successors ~nd essigns, hereby jointly and seve~ally corenant and agree ro and with rhe said MORTGAGEE, its successws and assgns: t J ~ 1. To pay all a~d ting~lsr the principal a~d interest and the var~ous and sundry sums of money payable by virtue of said promissory note, and thi~ ~ mortgage, each and every, promptly o~ the days respectively the same severally become dve. ~ ? 2. To pay all and sirgular the tsxes, assessments, levies, lisbilities, obtigations and tncumbrances of every natu:e and kind now on ssid described ~ property, p that ixreaffer msy be imposed, suffe?ed, placed, ievied, w ~ssessed thereon, a that hereafter may be levied w assessed upon this Mort¢ ~ age, or the indebtedness secured hereby, esch and every, when dve and payable, atcwding to I~w, before they become detinquent, and beforo any interesl ~ ~ a+taches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RECORD iHE SAME SHAtI BE PROMPT~Y SATISFIED AND DISCHARGED OF : ~ RECORD AND 1HE ORIGINAI OfFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, TME TAX RECEIPT OR THE SATISFACTION PAPER OfFICIAtLY ENDORSED OR CERTIf1ED) SHAII BE PlACEO IN THE HANDS OF SAlp MORTGAGEE WITHIN 1EN DAYS NfXT AFTfR PAYMfNT; and irt the event tiwt any tFureof is not € pa;d, ssYSfied and discharged sa'd MORiGAGEF msy at any t~me pay the same or any part thereof witFwut waiving or affecting any optio~, lien, equity a •~~ht under or by virtue of this mortgage and the Full amount of eath and every such payment shall be immediately due and payable and shali bear interest ~~om tF~e da+e thereof until paid at rate of n~ne per centum per annum and togefher w~tFr such interest ~halt be secured by the lie~ of th:s mwgtage. ~ - - - ' ~ < ~ .~'`a- ' ~ ~ ~ ~~'.~,y- 3 ~ ~ ~ ~ ~~~~~~'~`~.~`~-~_a~ . . - *