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Home My WebLink About2906 . 28~1S'7 THIS INDfNTURE. A1ad~ t~+e 22nd d,y of ~''~Y -~.p. 19 ~4 -~~,•Q^ Arthur Chester Snith and Sh~e~1s,_____~A. Smith,_ , his wife _ of St. Lucie ca,~ry Fio.~d+, he?einaiter deignated as ~he "MORTGAGOR;' and FIRST FEDERA~ SAVINGS AND t0~?N ASSOi.lA1tON OF FORT PIERCE, ~ corporation ory~nized +nd exis~ing under the laws of ihe Un~ted Statos of America snd hevir+g in principal pl+c~ of bus~neu in the City of Fort Pierc~. St. lucie County, Flaids, hereinaiter designated as tM "MORTGAGEE." . WHEREAS 1he MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 30.800• ~ goo~ +~d lawful money oi the United Srates advanced by the MORTGAGEE unro the MORiGAGOR, as evidenced by a cenain {xom~uwy nots of even date herew~th, of which the iollowinp in ~ords and fiyures is a true copy, to-~v~t: ~ 10020889 s 30,800.00 Port Pierce. Flwida, t"~?Y 22 ~q 74 For value received, we w either of us, prom~se to pay, without defalcation, io the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION Of iOR7 PIERCE at Fwt Pierce, fbrida, the sum of S 3O 8~• ~ w;ih ;nteres~ from date at fhe rate of 9~ 7-~16 per annum, in monthly install- :~~~~~is as foIlows: S 293•~~ on the 2OtI1 day of 'july 19 74__ and a like sum on the cwresponding day of each monlh thcre- stter until the whote be fully paid. Each installment fint ahaii be applird in payment of Ihe intereit and t?:en cn !he u~paid balance of the p~~~c~pal sum. If default is msde in the p.~~meN of aoy instaltment when due, and such defautt continues 30 days, then at the option of the holder: and without any other notice, all the remaining ;~~s~ailments shall be due and payable at once. Priviiega is given to prepay this note +n whole w in part at any time without pena~ty. Neither forebearance, nor acceptance by the holder ti~e~eof after any default in any payments hereon. shall be deemed extension. A late payment charge of = 14 ~ .6__5_ ~i~~ ~ ~±Jad to each installment ?emaining unpa;d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days ~fter each succeeding payment dare. Each make?, surety and endorser hereof, joiotiy and severally, waives demand, p~esantment protest and rwlice of protest fw nonpaymeM, and further agrees to any exlen~ion of time of payment, either brtore w after maturity, without natice to any of us; and to pay aIl costs of collection, intludiny a re:,sonable attorney's fee in the event of any de`ault hereunder, and hereby severally waives all be~efit of hor~estead and exemption under the constitution ~~,d laws of each S~ate of the United States, as against this obLgation or any extension o~ renewat hereof. Witneu tlx hand and seal of each party. . s/Arthur Chester Saith ~ cs~?u s 5heila A. Smith ~U ~~U ~ $46 ~ 20 ~ Sta~e ReYenuc ;5txwpa <aryail«I.ow.ai~iw~ wwe) 30 ~ 800. 00 ~nd the rformance of ths NOW, THEREFORE, the MORTGAGOR fw the p~rpose of securing payment of sa+d sum of S P~ covenants a~d agreements hereinafte~ expressed, and for d~vers good and vsluable considerations, by theu presents, does gront, bargai~, sell, remise, reiease, convey and confirm unto the MORTGAGEE, its successors and suigns, all that certain lob piece or pucel of Isnd, situate, (ying, and being in the :.ounty of $t •~'uC1e and State of florida, des;.ribed as follows: ApaYtment II - 204, of COIANNADBS O~NDOMINIUMS NO. 5, a condominium according to the Declaration of (.ondominium recorded in O.R. Book 197, Page 1482, of the Yublic Records of St. Luci~ County, Florida, "1'OGBTHfiR WITH all of its appurten- ances according to said Declaration, S~TBJDCT 1'O the terms, Covenants, agreements, obligations and provisions of said ~eclaration of Condominium wfiich Mortgagor in all things does covenant to Nlortgagee ~ fai thfully to observe and perform. ? . I p ~ ~ ~STATE ~F FLO R ~ D a ~ OCUMEN7ARY STAMP iA> ~ U •'z ~~D ' IN ~AIfMENT OF TA~! °c1 ~ OEPi.OF REVEdUE.i~ ! Dl~ ON CLAS$'C INTANGIBLE PER90lYIL pRppERTY ~ ; = ItAr2~'lS ~ 4~. Z 0 ~ PURSl1AMT TO CHAPTER 71-13~, ALTS Of 1W1. ~ ~r, N _ ~P~ ( ROGER PORRIIS /~J'~ ~ ~ CLERf( CIRq11T OOURT, 5f. U1CLf Op., FI/L ~ +ogather w7tF~ all and singuiar the tenements, hereditaments and appurtances thereuoto belo~ging w in anywise appertsining the?eto, sod all rents, iuues, oroceeds and profits acc~uing and to accrue from said prem~ses, all of which are included in the above and fore9ang dex?iption and F~abendum. TO HAVE AN~ TO HOID the above described and granted premises unto the uid MORTGAGEE, its suttessors and augns forever. And 1F» said .',ORTGAGOR fw their~____ executors, administrators and assigns, hereby covenanb with the said MORTGAGEE, its s~?tcesso?s ~nd assipm, the are ,~,ae Y---- lawfulty xized of the sa~d premises in fee simple; that the ssme are free, cl~sr and discharged from all liero ~nd enc~m- :,~ances in law w in equity, and that they will and their heirs shall warrant and defend the titk lo the sams to the saW 'lORTGAGEE, its successars and assgns, forever against the lawful claims and demands of aH persons; ~ PROVIDED, ALWAYS that if the MORIGAGOR shafl pay unto the MORTGAGEE the promissory note F~ereinbefwe dewibed and shall truly, pramptly r-.d fully perform, d'+uharge, execute, complete, comply with and ab:de by each and every the stipulations, agreern~nts, conditiau and tovenanb of uid ~rom~ssory notc aod of this Mor~gage, then this Mwtgsge and the Estate hereby crcated shall cease and be null and roid. tT IS UNDERSTOOD that the wad "Mwrgagor" whether in the singular o? plural anywFxre in this Mwtgsge, a~ ~all be singular if one only ~nd shall be piural jointly and severally if more than one, snd ~hat the w«d "their" as used +nywhere in this Mortgage shall be taken to mean "hu;' "hers;' cr "its;' whereve~ the context w impties w admits. Atw, that wherever there is a reference in the covensnts end agreements Frorein tontained to any of ` ~he parties herNO, the same shall be constrved to mesn as well as the heirs, legal representstives, successors end suigns (either voluntary by acf of th~ ~ cart~es or involuntary by opcration of the law) of the s~rt+e and that the covenants herein contained shall bind ~nd the benefits snd advantapes Inun ~ +o the respective hei~s, legal representatives, succeswn and su'gns of tFK parties hereto. ~ And said Mwtgago?s, for themselves and their heirs, legat representatives, successors snd assigns, hereby jointly and severally covena~t snd aqree ~ ro and with 1F~e said MORTGAGEE, its successon and essigns: ~ 1. To pay all and singular the printipal and i~terest and the various and sundry sums of money paysble by virtue of ssid promissory note, ~nd thi~ mortgsge, e+ch snd every, promptly on tF+e days respettively the same severally become due. ~ 2. To p+y all and singvlar the tsxes, assessments, levies, li~bilities, obligat~o~s snd encumbruxes of every nature and kind rww on said desuibad 'S property, or tF~at heresfta may be imposed, suffered, plated, levied, w assessed thereon, a ti~st Meresfter may be levied w assessed upon This Motf¢ age, w the indebtedness secured hereby, each snd every, when due +nd payable, accwding to lew, befwe they becane delinq~rent, and bafwe any intatest anzches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF RECORD AN~ THE ORIGINAI OFFICIAI DOCUMENT (SUCH AS, FOR INSiANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFfICIAILY ENDORSEO OR CERTIFIED) SHALL BE PLACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that eny thereof is no1 pa~d, sar'sfied a~d discharged sa'd MORTGAGEE msy at any time psy the same a any part thereof without waiving w sffeding any option, lien, equity o~ ~~~ht ~nde~ or by virtve of this mortgage and the full amount of each and every such payment shsll be immedia!ely due and payable and shall bear inlerest r,c-., the da•e ca d a+ rate of nine per centum per annum and togdher wlth such interest shall be secured by the lien of th's mergtage. 1 s~=~ -3s Y~~~~~ , , . - - - . ~i ` - ~ ~ ~ ~ ~ ~ I ~ - . _ _ ~