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HomeMy WebLinkAbout0500 ~ - r 1H15 INDEMURE, Mads ~lx lsth day of ~rch A.0. 19 74 between Dorothy P. Hudson, a? single adult of St• 1'1~j'@ County Florida, hereinafter defignated as the "MORTGAGOR;' snd FiRS~ fEDERAI SAVINGS ANO IOAN ASSOCIATION OF FORT PIERCE, + corpwation orflani:ed ar+d existing under the laws of 1he United St~tas of America •nd ha.iny its pr7ncipal place of busineu in tM City of fwt Pieres, St. lucis County, Florida, herainaf~er designa~ed as tM "MORiGAGEE:' WHEREAS tha MORTGAGOR h justly indebted to the MORTGAGEE in the sum of S~ 18•~~`O0 9~ and lawful money of the Un~ted Statei adva~Ked by the MORTGAGEE unto the MORTGAGOR, as evid.:~~ced by a certaln promissory oo~e of eve~ date herewlth, of whlch the fo~lowing in words and figures i~ a true copy, to-wit: = 18 . . ~ Nc.~"~LSra~717 _ Fort Pierce, flwida, Ma ~C h l s t 19~- For value re~eived, 1, we a either of us, promise to pay, without defatcat~on, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION Of FORT PIERCE at Fort Pierca, Flor+da, the sum of S 18-i~~ w;~h interest (rom date at the rate of 8 7~o per annum, in monthly install- ments as fol!ows- S l~s-~ a+ the ~th day of A_.pril ~q74 and a like sum on the co~respond~ng day of each month there- • ai~er until the whole be fully paid. Each installmenf first sAall be app~ied in payment of the interesl and ~nen on the unpaid balance of the princ~pal sum. If defauh is made in the payment of any insta~lment when due, and such defau?t continues 30 days, then at the option of Ihe hotder, and without any other notice, all the remaimng instal~ments shall be_ due and payab:e af once. Privile~e is given to prepay this note in whole ot 7n part at any time without penalty. Neither iwebearance, rw~ xceptance by the holder thereof after any default i~ any payments herco~. shall be deemed extens~w~. A late payme~t charge of S~'~ ~ added to each i~itallrt~rnl rcmaining unpa~d 7 days aiter its due date, and a like sum shall be addrd to each such installment remaining unpaid 7 days aiter each succeed~ng payment date. Each maker, surety and endaser hereof, jointly and severally, waives demand, presentment protest and notice of proteat iw nortpayment, and furthei agrees fo any eatension of ti~r.e of payment, eithe. before o~ after matur~ty, without not~ce to any of us; and to pay all costs of collection, includ;ng a ~easonable attwney's fee in the event of any defauit hereunder, snd hereby severally waives all benefit of homestead and exemption u~der the constitution and laws of each S~ate of the U~ited Srates, as against this obligation a any exiens~on ot renewal hereof. Witness the hand and seal of each party. g~ Dorothy P. Hudson, a singl~ EAl) ~ al'~Llit (SEqI) ' (SEAI) (SEAt) ~ $ 27.00 j State Revenue (5?sw~~s-t~wc~ll~~r?~~ri~iw~w~ta- 18 ~O ~ NOW, ?HEREFORE, the MORTGAGOR fw the purpose of securing payment of ssid sum of t ~ • snd the perfwm+nce of the cove~ants and agreements hereinafter expressed, and for divers good and valuable considerations, by these presents, dces g?ant, bargain, selt, rem~se, release, coovey and confirm unto the MORTGAGEE, its succeswrs and assigns, all that ccrtain bt, piece or parcel of land, situate, lying, and being in the County of St. ~'1~Cie and State of florida, described as followt: Apartment No. 203, Building I, of ISLAND HOUSE CONDOMINIUM, PHASE I, according to the Declaration of Condoainius a?nd all exhibits thereto dated May 23, 1973, recorded May 29, 1973 in Official Records Book 214, Paqes 1858-1933, of the Public Records of St. Lucie County, FloYida, together with all of its appurtenances according to said Declaration of Condominiua and all exhibits thereto and together with all tenements and hereditaments thereto belonging or in anywise appeYtaining to said apartment. SUBJECT 1~0 the teres, covenants, agreements, obligations and provisions of said Declaratioa of Condominiua and all exhibits thereto which the Mortgagor in all things does covenant to Mortgagee faithfully to observe and perform. • ~ STATE ~F FLGR'~~'~- ~ IMPAYMFM~T~ f~ Ci ;J M E N i A R Y.~ 5 T f. M N?!, t r ~ It~ITAtt6tdlE PE~~ 11 ~E~i -:ic_REVEtiUE TO f~pPSER 11•13t. ACiS ~ 1pL~~~ _ u.,t ~7f ~ iT. l~ `T 2~.~~~~!~4~' Z 7 ~ ~ POt~`~ m~~ _ re. `•=-z-~:~ ~ ~ ~~1 . c, _ ~e:-z ~_~ss` ~ together with all and sir?gular the tenements, hereditaments and appurtantes thereunto belonging a in ~nywise +pPe„+~^~~+9 thereto, and sll rents, iuues, proceeds and profits accruing and to accrue from aaid premixs, all of which are included in the above and foregang desuiption snd habendum. TO IiAVE AND TO NOID the above described and granted premises ~nto the said MORTGAGEE, itt successon and assigns forever. And the s~id MORTGAGOR for her_-____ ~;~s, executors, administrators and assigns, hereby covensnri with tlx said MORTGAGEE, its succeuws ~nd suigns, ~~t _ she 1S ~aN,fully seized of the said prem~xs in fee simple; that the s+me are free, clear and discha~ged from all liens +nd encvm- brances in law a in eqvity, and that She w;11 and her heirs shall warrant and defend the title to the same to the said MORTGAGEE, its succeswrs and assigns, fwever sgainst the lawful claims and demands of all persons; PROVIDED, ALWAYS that if fhe MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore destribed and sMll truly, promptty and fully perform, diuharge, execute, complete, comply with and a6ide by each and every the stipulations, agreeme~ts, co~ditions ~nd covenann of said prom~ssory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cesse and be null and void. IT IS UNDERSTOOD that the word "Mortgagor" whether in the singular w plu?al anywFxre ~n this Mortgage, shall be singular if one only and shall be plursl jointly and severaliy if more than one, and that the wwd "their" as used anywhere in this Mo?tgsge shsll be taken to mean "hi~;' "hers:' or "its;' wherever the context so fmplies or admits. Also, that wherever there is a reference in the covenants and +greements herei~ contained to sny of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, successdt snd sssig~ (either voluntary by ~ct of the parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantsges inure to the respedive heirs, legal representatives, succeswrs and ass~gns of the parties hereto. And said Mortgagors, fa themselves and their heirs, legal reprexntatives, successors and assigns, he~eby jointty and severstly covenant and syree to and with the said MORTGAGEE, its successors and assigns: 1. To pay all and singular the principal and interest and the variovs and sundry sums of rtwney payable by virtue of said promiuory note, and this mortgage, each snd every, p?ompt~y a+ the days resped~vely the same uverally lxcome due. 2. To pay sll and singular the taxes, sssessments, levies, liabilities, obligations and encumbrances of every nawre and kind now on said dewibed property, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon, a th~t hereafter may be levied o~ assessed upat this Mort¢ age, w the indebtedness secured hercby, each and eve?y, when due snd payabie, sccading to bw, befwe they become delinquent, and before s~y interes~ attaches or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF REGORD ANU THE ORIGINAI OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAFER OFfICIALIY ENOORSED OR CERTIFIE~) SHALL BE PLACED IN THE HANDS OF SAID MORTGAGEE W~THIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and dischsrged sa'd MORTGAGEE may at any time pay the same or any pa?1 the~eof without waiving w affecting any option, lien, equity w •iQht under w by virtue of this mortgage and the ~~~I amount of each and every such payment shall be immed~ately due a~d payable snd shall bear interest ~.om the date thereof until paed at rate of nlne pe~ centum per an~um and together w~th such interest s 11 by the lier~o~s morgtage. 40~ ~f f ~ _ ~ ~ ~ ~r ~ : , ~ ~a~ ~~:-`f=~ : ; ~w? : i _ r,. < ~ . , ,.n~ ~r~;;" a~~_ ~ a..