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HomeMy WebLinkAbout0606 v ~ CORRECTIVB MORTGAGB 2?-, I ~ ~''Z . TMIS IN~ENTURE. N1~d~ the 25th day of Ma?rch A.D. 19 74 be~ween Patrick Ro9olino and Joyce R. Rogolino. his wife of $t . WCi@ Counfy Florid~, hereinafter designated si the "MORTGAGOR," anc~ FI~~FOf~RAtZAVINl3b:At~p.,IOAN AS$pCIATION OF FORT PIERCE, ~ corpaatio~ a~~nized and exititin9 unda~ ~hs laws of IF~a United Sutos of Ameri~a and hsvinq it~ principal ~place of busineu in tM City of Fwt Pi~rc~, St. lucie Co~nty, Flaida, hereinafte~ designared as tM- "MORTGAGEE ° , , WHEREAS tM MORTGAGOR is justly indtbted to ths MORTGAGEE in tha sum of E3OLOOO. ~0 good ~nd lawful money of the Un~ted t States advarxed by the MORTGAGEE unto the MORiGAGOR, ss evidented by a certain promiuwy note oi even date herewith, of whith the toflowing in words and fiyures ii a t~ue copy, to-wit: =~0.000.00 i,j,10020738 fort Piercs. Florida, ~r~ 25 19.3~ for value received, I, we w either of us, promise to pay, wi~hout defalcat~on, ~o the order of FIRST fEOERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE af Fort Pierce, Florida, the sum of f 3O• • DO w,th interesl f~om da~e at the ~ate of 8~ 7 5°6 per annum, in monthly initall- mcnts u fol'ows: i266.00 on tF?e 20Lh day of `Iuly lq 74 and a like sum on the cwrespond~ng day of each month there- aftcr until Ihe whote be fully paid. Each installment first shal! be applied in payment of the i~terest and ~hen on the unpaid balance of the p~incipal sum. If deiault is made in the payment of any instal{menl when due, and such defautt continues 30 days, the~ a1 ~he option of the holder, and wi~hout any other notice, all the remaimng installments shall !x due and payab:e at once. Privilege is fliven to prepay this note in who~e w in part af any time without penalty. Neither forebearance, nor acceptante by the holder the~eof after any default in any payments hereon, shalt be deemed extension. A late payment charge of S 13. 3~ shall be added lo each installment remaining unpaid 7 days afta its due date, and a like sum shall be added to each such installment remaining unpeid 7 days after each succeeding payment date. Esth maker, surey and endorser hereof, jointly and severally, waives demand, presentment p~otest and notice of protest fw nonpayment, and further ag~ees to a~y ex~ensan of time of payment, either before w after maturity, withou~ notice to any of us; and to pay all costs of collectio~, includ~ng a reasonable attorney's fee i~ the event of any defau~t hereunder, and hereby saverally waives all benefit of home~tead and ezempl:en sinde ,r the cw+stitution and laws of each State of the United States, as against this obligation or any extension a renewal hereof. _ ~ Witness the hand and seal of each party. S/ Patrick Roqolino (SEAI) REL~1':ED ~ IH PA~MENT Of TAXES (SEAt) _ pUE ON GUISS 'C' tNtAN~I LE PEASONaI PROPERn. S/ JoyCe R. Rogol ino (SEAL) pUgS~ANT TO CHAPTER 71•134, I1CTS OF~1~ • (SEAU Rp6ER POITMS /v ( ~~~a ~ State Revenue E6t~rsa~s.~.deon~oPa~a~) ' CLEfi1( GIRCUIT OOURT~ Sj. L~tE 00. F~A 30. and the rfwmance of the NOW, THEREFORE, the MORTGAGOR fw the purpose of securing payment of ssid sum of = P~ covenants +nd agreements hereinafter eapreued, and fw dive?s good and vsluabte considerations, by these p?esents, does grant, bargain, sell, rem~se, release, sonvey and confirm unto the MORTGAGEE, iri tuccessors and auigns, all that certain lot, piete or pucel of Isnd, situate, lying, and being in the Co~oq of St . j.11Cle and State of Florida, described as foliowt: Lot 2, ~lock 19, Plat No. 1, INDRIO, UNI? NO. 1, a subdivision~ as per plat thereof on file in Plat Book 5, page 42, of~the public zecords of St. Lucie County, Florida. AND ALSO: Beginning at the NE corner of said Lot 2, Block 19, run thence along the East- i ward ext~ension of the Nosth line of said lot a distance of 55 feet to a point; l run thence in a Southezly direction parallel to the Easterly lot liue of said ~ Lot 2 a distance of 102.04 feet; thence run Westerly along the Eastward exten- ~ sion of the South lot line of said Lot 2 a distance of 55 feet to the SB ~ corner of said Lot 2; thence run Northezly along the East boundary line of said ~ Lot 2 a distance of 102.04 feet to the point of beginning; the sane lyinq in ~ and constituting a part of Dixie Highway as delineated upon Plat No. 1 of Indzio 3 ~ Subdivision~ recorded in Plat Book 5, page 42, public records of St. Lucie ~ County, Florida,I ~ ?his is a corrective mortgage given to correct the legal description in that ~ certain Qortgage between these parties of like a~ount, same date, recorded in ~ O. R. Book 225, page 1161, public records of St. Lucie County, Florida, to include all of the land oaned by ~ortgagors as was originally intended. ~ _ State of Florida Intangible Personal Property 2ax has been paid. See Receipt ~ No. 3118'71 issued by Clerk of Circuit Court on March 27, 1974.? ~ ~ ~ ~ together with slt snd singular the tenements, hereditamenh and appurhnces therevnto belonging w in anywix appertsining thereto, end all renq, issues, s~ proceeds and profits scuuing and to accrue from said premises, all of which are included in the above and foreyoing deuription snd F~abendum. ~ TO NAVE AND TO HOLD tl~e sbove described and granted premiaes unto the said MORTGAGEE, itt tucceuors snd a~signs fwever. And tM said MORTGAGOR fw t he ir ~;,s, executors, administratws and auigns, hereby covenanri with the said MORTGAGEE, iri successws and aui~n~, ~ the are rhat - lawfully seized of the said premises in fee simple; thst the s~me sre free, dcar and diuharged from all liens a encum- ~ brances in law w in equity, and that they will and th@1= hein shall w~rranf and defend the title to the same fo the said MORTGAGEE, its succe:sors and assgns, forever syainst the Iawful claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR ahall pay ~nto the MORTGAGEE the p?omiuwy note hereinbefue deuribed and shall truly, promptly and fully perfwm, d~xF?arge, execute, complete, comply with and abide by each and evcry the stipulation~, sgreements, conditions and covenantt of said = promis:ory note and of this Nbrtgage, thcn this Mortgsge and the Estate hereby created shall ce~se and be null snd void. - IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the singular w plural anywhere in this Mortgage, shall be singular if one only and - shall be plural jointly and uverally if more than o~e, snd that !he wwd "their" as used anywhere in this Mortgage shall be taken to mean "his;' "hen," O~ ;~3 or "its;' wherever tt~e conteat w implies or admits. Also, that wherever :here is a reference in the covenants snd'sgreements herein contained to any of the parties he?eto, fhe ssme shall be construed to mesn as well as the heirs, iegal represenfatives, successors and assig~s (either voluroary by ad of the f~w i ^ parties or involumary by opcratan of the law) of the same and that the covcnsnts he~ein contained shall bind and the benefits and advantsgd inur~ ~ti :r; to the rcspecNve heirs, leg~l repreuMatives, iuccessors and asrgns of the parties hereto. - And ssid N4ortgsgon, fo~ themulves and their heirs, k9al representativp, successors and auigns, hereby jointly and severally covsnant and ayree _ ta and with the said MORTGAGEE, iss successors and assigns: y~ 1. To pay all a~d singulsr the principsl and interest and the various and sundry sums of mo~ey payable by virt~e of said promissory note, and this =:Y mortgage, each and every, prompNy on the days respectively the same severally becane due. : 2. To psy ~11 snd sirgula~ the t~xes, assessmenq, levies, liabif~ties, oblgations and encvmbr~nces of every nature and kind now on isid dewibed ~ property, w that he~esfter msy be impo~ed, tuffered, plxed, levied, w asaessed thereon, w that hereahe~ may be levied a asseued upon this Mwt¢ ~ i;~ age, or the i~debtedness secured hereby, exh and every, when due +nd payable, sccwdirg to law, befwe they become delinqucnt, and before any interest ~ attacFxs or any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DIS~HARGED Of RECORD AND THE ORiGINAI OFFICIAL DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTIQN PAPER OFfIC1AltY ENDORSED OR CERTIFIEO) SHAtI BE PlACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event that any thereof is not = paid, sat sfied a~d discharged sa:d MORTGAGEE msy at a~y time pay the same a any part thereof without wsiving or affecting a~y option, lien, eqvity or •~qht v~det w by virtue of this mortgage and the full amou~t of each and every such psyment shall be immediately due and psyab0e and shall bear iMerest trom tt~e date thereof until paid st rate of nlne per centum per annum and together w~th such interest shsll be secured by the lien of th:• morytaye. r'? - - . ~ - - -