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Home My WebLink About1167 . i~;`~i 7t~~a THIS INDENTURE, Mad~ ths 21St day of March A.D. 19 74--- between - Andrew Borbotia~ and 8eatr ce Borbotla~, h s w fe of St• 1'VCie Covnty Florida, here~nafta deignated a~ tM "MORTGAGOR;' +nd FIRST fE~ERAI SAVINGS ANO IOAN ASSOCIATION OF fORT PIERCE. ~ cwporation apanized and exis~inp unda the lawi of tM Un~Nd S~ai~s of Ame~iu and havinO its principal placs of busin~a in tF» City of Fat Pi~ru. St. l~ci~ Couoty. Flaid~, hereinafttr d#sipn+ted +s th~ "~R~iGAGS~ ~ ` WHEREAS iM MORTGAGOR is justly indtbled !o tM MORTGAGEE in ths ~um of = ~ • good ar+d lawiul money of the Unitcd States advanced by the MORTGAGEE ~nto the MORTGAGOR. as evidenced by • ceruin promiuory note of even dats herewith, of wh~ch the followinp in wads and fig~r~~ ii a trw copy, to-wit: ~ 10020718 29.500.00 3 w.r P;.r~.. Florida. `larch 21, 1974 Fw value received, we o~ ei~her of us, p~omise to pay, without defalcatio~, to the order of fIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Fla~ida, the ium of S 29s-5~.~ vt~~h interesr from date at the rate of 8•7~ per snnum, io moNhly instalb ~.,enti as fol!ows: 5243 o~ the ~th d+y of `1uly , 19 74 and ~ like sum on the cwrespond~ng day of each month therr after until the whole be fully paid. Each installment first shall be applied in payment o4 the interest and then on the unpaid balsnce of the princtpal sum_ If deiault is mads in the i paymeM of any installment when due, and such deEault continues 30 days, then at the option of the holder, and without any othe? notice, al! the remaining ~nstallments shall be due and payabk at once. Privilege is given to prepay this oote in whole or in part at any time wi~hout penslry. iit2 risebeararxe, nor acceptancs by ~he Fw~da ~hereof after any default in eny payments hereo~, shall be deemed extension. A late payrnen~ ch+rge of Z • sh+~~ be added to each installment remainirg unpaid 7 d~ys after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after each wcceeding payment date. Each mske~, svrety a~d endaser hereof, jointly and severally, waives demand, presemment protest and notice of protest fo~ nonpayment, snd further agrees to any extensiw+ of time of paymenf, either before a after maturity, without not~ce to any of us; and to pay all costs of tol~ect~on, includ'+ng a reasonable attaney's fee in the event of any deiault Ixreunder, and hcreby seve.ally waives all benefit of homestcad a~d exemption under the constitution and laws of each State of the United States, as against this obltgation or any extens~on or renewal hereof. Witncss the harcd and seal of each party. (SEAU s/ Andre+r Borbotko ~,i~ cs~?U s~ Beatrice Borbotko ~ 544.25 ~ Stste Revenue i_ ~~ta~s~a~~a~ 29 500 00 NOW, THEREFORE, the MORTGAGOR for the purpose of securir~g payment of ssid swn of = ~ • and the performance of /M covenann snd ag?eements hereinafter expressed, snd for divers good and valuable considcntions, by these presenti, does g?ant, baryain, sell, remiu, release, convey and confirm unlo the MORTGAGEE, its tucceuors and auigni, all that certain (ot, piece u parcel of land, situate, lyi~g, and being in the Counry of St . L11 Cl @ snd State of Fbrida, dewibed a~ follows: Lot 2, Block 59, LAKEWOO~ PARK UNIT NO. 6, as per plat thereof on file in Plat Book 11, page 7 of the public records of St. Lucie County, Florida ! a~ t~ ; ~ q _~,`~p ~°4~ y,i. ~ ur ° S T,L~ 7' R~"rC~'C INSAti ~1.13?. ~S gg a ~ ~~L ~,FN~ Ry~~~oR: ~ ta ~~o ~ w~ 9 EP~ N - j neSi ev E yf IyU~ r~ M 1~-%,~y ~ e~ ' ` 1~-~.,'?~~-'-~ 1 a~ ~ -~cv ~ ~~~,,2 ~ ` ~ , 4 4 25 ~ } S . ~ # rogether with all and singular the tenements, hereditaments snd appurts~ces thereunto belonging ot in enywise +ppertaining thereto, and all rents, issues, proceeds and profits accruing and to accrue from said premises, atl of which ue included in the above and fore9oing dewiption and F~sbe~dum. TO HAVE APiD TO HOID the above dewibed and granted premius unto the ~aid MORTGAGEE, in svccessors and auiqns faever. And ths said MORTGAGOR for their exKUtors, administratws and auigns, hereby cove~ants with fhe said MORTGAGEE, in successws and ~ug~», fhat ~awfully uized of the said p?emises in fee simple; thaf the s~me ue free, ctear ~nd diuhuged from all liens and encum- thev a re hrances in law w in equity, snd that they w~~~ a~ their hein shsll warrsnt and defend the title to the same to the said MORTGAGEE, its succeuors and auigns, forever against the lawful clsims and demands of aIF persons; PROVIDED, ALWAYS thst if the MORTGAGOR shatl psy unto tix MORTGAGEE the promiuory note hereinbefore dexribed and sF?~II trvlY. W~P~~Y and fully perfwm, d~xharge, eaecute, complete, comply wi?h and ab~de by each and-every the stipulations, agreements, co~ditions and covenanri of ssid promisswy note snd of this Matgage, then this Mwtgage snd the Fstate hereby ueated shall cease and be nult sod wid• ~ IT IS UNDERSTOOD that tFro word "Mwtgsgo?" whether in 1he singular or plural anywhen in this Nlortg~ge, shall be singulsr if one only snd shatl be plur~ l joint ly a n d severa l ly i f more t M n o n e, a n d t h a t t h e w w d " t h e i r" a t u s e d a n y w h e r e i n t h i s M o rt g a g e thall be taken to mean "his;' "hen," ~ or "ib;' wherever the tontext so implies w adrnits. Also, that wherever there is a reference in the mvens~ri s~d agreements herein contsined to any of ~ the partie~ hereto, the ssme ~h+ll be construed to mean as well as the he~rs, kgal representatives, s~rccesson and assgrn (eilher vo~untary by act of tM ~ parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind snd the benefin ~~d advantsges inure ~ ro the respective hein, leyal representativp, successors and ass°gns of the p+rtie~ hereto. pnd ss'~d Mortgagws, fw themselves ~nd their heirs, legal representstives, wccessors and auigns, hereby jointly and severally covensnt snd ayree to ~nd with the wid MORTGAGEE, its successors and suigns: ` 1. To pay alt snd singulu the principal +nd interest snd the various and sundry wms of money payable by virtue of ssid prom~swry note, ~nd this mutgsge, each ~nd every, pranPtly on the days respectively the same sevenlly becwne due. : i 2. To p~y sll and singulu the taxe~, +ssessmeMS, levies, lisbilities, obligsYans and enc~mbrsnces of every naturs and kind now o~ s+id dewibed f properfy, or that hereafter may be imposed, suffered. Plxed, levied, or ssseued thereo~, w that hereafter may be {ev~ed w+ssessed uPe^ this Mor~¢ f age, w tM indebtedneu secured hereby axh and every, when dve and payable, xcwdinp to Isw, before they become delinquent, snd befwe any intsrest artaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE 5/1ME SHAII BE PROMPiLY SATISFIED ANO DISCHARGED Of RECORD ANO THE ORIG1PiAl OfFIC1At DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION pAPER OfFICIAIIY ENDORSED OR CERTIFIED) SNAIL BE PLACE~ IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AfTER VAYMENT; and in the event that any thereof is not paid, sat"sfied +nd dixharged ss:d MORTGAGEE msy at any time pay the same or +ny psrt thereof without wsivirg w sf(ecting any opYan, lien, equity p •~aht under or by virtue of this mortgage and the full amount of each and every such payment shsll be immediately due and payable snd shall bear inte~est ~.om the date thereof ~ntil paid at rate of nine per centum per annum and together w~th such inMr~t ~y~ ~~Y~hOj~ of th:s morgtage. ll f 5 ~~~r - . - " ~ ~x~~.y,, _ - t~' ~ ~ . ~ ~ _ _ . .