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HomeMy WebLinkAbout1441 t 2s~9 1~~ i :~tir,~ t' { '~zi;1 ~ iQttl ~ .JUi1e A.~. 19 ~4 between , THIS IN~ENTURE. Mad~ t~is day of - ~ ~ Pz~ntiss, IeC. a R o~~~S~4ZR~ration ~ ~f St LIIC~! Gounty Florids, herainafter designated as ~he "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN ASSO:.IATION OF FORT PIERCE, a corpaa?ion o~g+nized and eaistiny u ~ der ~ h e laws o i t h s Uni t e d S t a t~ ~ o f A r n~ r i c a a n d h a v i n p i ri p r i R C i p a{ p l a c s o f busins~~ ln 1M City of Fort Pi~rc~, St. lucis County, fluida, hcrein~iter dssi9na~ecl as ti~e "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indabted to the M~RTGAGEE in the sum of 3 22 i~Di~ good and lawiul money of the U~~ted S~ates advanced by the MORTGAGEE unto ~he MORTGAGOR, as evirknced by a cer~a~n promissay no~e o1 e~en date herewith, of wh~ch the followin~ in .to~ds and figures is a+rue topy, to-wit: ~ 1~0'Z0929 S 22,,000•00 Fwt Pierce, Florid+, ~ `1~e ~ ~ 19 ~a fa value receivtd, 1, we or either of prom~se ?o pay, without defalcet~on, ta 1he order of FIRST FEDERAL SAVINGS AND IOAN ASSOC~ATION OF ~OR? PIERCE at Fwt Pierce, Floi~da, the sum of =_??i~~-i0O - w~~~ ~n~:rest (rom date at the rate of 917~16 {x~ aonum, in monthly install- ,~s as foitows: 3~~i-~-- ~he ~h day of _ JulY 1974 _ and a t~ke sum oe the cwrespond~ng d+y of each month tlxrr ,•rer untd the whole be f~lly pa~d. Each installment tirst shail be app!~ed in Fayment of the interest and tl~rn on the unpu4d balance o{ ~the principai sum. If defauh is msd~ in the :.,~ment of any installment when due, and such d~fault continues 30 days, then ~t the option of the holder, and without any other notice. ~It 1he ?ema~n~rg ~,;rollmems shall be d~e and payable at once. P~ivilege is given to prepay this note in whole o? io paH at any t~me without p~~~tY• 1O~45Q~r~~, cor acceptance by the hotdrr thereof afte~ any default in any paymrnts hereon, shall be deemed extension. A late paymeM cha~gs of S ~ ~;i~_d to each ~nsta!Iment remalning unpa;d 7 days afrtr its dua date, end a Gke sum shall be addad to each such instaWnent remaining unpaed 7 days after ~.3ch succeeding paymenl date. _ Each maker, surery and endorser hereof, jointly a~d severally, waives demand, presentment protest and r.otite of proteat fw nonpaymenf, and further r~ree: to any extens~on of t~me of paymeM, e~~her brfore or after mawrity, withaut not~ce to any of us; and to pay all costs of collection, includirq a ~.,sonable attorney': fee ~n the evem of any defyu~t hereundrr, and hereby saye~ally waives ali benefit of homestead and exemption under the constitufion ;^d !aws of each $fate of the Umted Srates, aa against this obGgation or any extension or renewal hereof. Witness the ha~ and seal of each party. PlE~11t~s8 ~ Ine. , a Florida CorpoYat ~on BY: s/John P. Hess, as President ~ Corporate seal affi~oad ? ~ } ~ ' ~ A'TTBST : s/Kathv A. Sar inaer as SRO~t~~y • _ asu ts~w ~$33 ~ ~ ~ S~te Revenue ' ~ :.s.~"'""'°.+~"i'~.~:~+~,.'a ~ 22 000 00 . NOW, THEREFORE, the MORTGAGOR fw the purpose of securing payrnent of said sum of = ~ • and the p~?fonn~~u of th~ :ovenants and agreements hereinaiter exp~essed, and for divcrs yood and valu~ble considerafions, by theie p?ese~ts, does grant, barQ~irk sell. ~emi~e, re:ease, convey and cont~rm unto tF~e MORTGAGEE, its successors and assigns, al; that certain lot, piece w pucel of land, situate, lying, an~ be'mg in the { ~ounry of St . L'uCi@ and State of Flo.~da, dewibed as follows: ~ 1, according to tbe De- ~ Apartaent No. C-3-2~3 of the Colonnades Condoainiuss No. clarati~ of Condo~iniuti recosded in O.R. Book 187, Page 969, of the Public Re- cords of St. Lucie County, Florida, as aaended by that certain instruner~t dated Noveaber 30, 1970, and recorded in O.R. Book 188, Page 1748, of tbe Public Records of St. Lucie County, Florida, '1'OGB?HSR WITH all of its appuYtenances according to said Declaration,~ SUBJ~CT Z~O the teY~s, Covenants, agYeesents, obligatia~ns and provisions of said ~ Ueclaratio~ o~ Condoainius which Mortgagor in all things does covenant to Mortgagee ; faithfully to observe and perforn.? E i { ~ ~ ~ STATE aF FLC?RIDA ~ DOCUMENTAR~~~~.ZSTAMP TA>.I c `Z+ DEPf. G~ REVE~'!VE ! ~ _ _ ~UM (Z~i4 i~~~ 3 3. O 0' ' Q"ti = P~. , R~ I V E D v I N P A Y M E N i O F T A X E S ~ o= iu~2 Dl~ ON CtASS'C INTAN618LE PER90!~JIL PRO~ERfY, - PlERS1MNi TO GIAPTER 71•134. ACTS OF 111I1.,~y~ l ~ ~CER PORRAS v' I ~ CL~AK qiI~OUR OOURT, ST. uJC1E o0, FlA ' ~c~efher with all and singular the tenements, hereditameMS and sppurtances thereunto belong~ng or in anyvrise appertsining the~eto. +~d renb, iuves, o•cceeds and profits accruing and to accroe from said premises, all of wFiKh +re intluded in the above ~nd forayoing descriptwn aod hsbendum. TO HAVE AND TO NOLD the above descr~bed and grsnted premiscs unto the said MORTGAGEE, ib svtcesson ~nd ass~9~x fe?evar. Md fM s~~d :'ORTGAGOR fw ~~rs, executors, administratws and assigns, hereby covenanri with the ssid MORTGAGEE, its wccesson snd +uipm. .,,jT ---j-~--is---- lawfully seized of the said premises in fee simple; tMt the same ars free, cku sr+d discharged fran sll liens and enevrr~ t;~ances in law or in equity, and that 1t w;ll and its _ he;n sh~ll wsrrant and dafend the fitle fo iM ~ams to tht said :'.ORTGAGEE, its svccessors and assigns, fwever against the lawful claima and demands of all pe~sons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisiory note hereinbefwe destribed ~nd sh+~l IrulY. P~~P~~Y , ~ .~-d fully periorm, d~scharge, execute, comp~ete, comply with and ab~de by each a~ every the slipuiatiorts, agreemenis, conditian +nd toven~nts of sa' ~ o.,~sswy note and of this AAortgage, then this Mortgage and the Estate hsreby ueated shall cesse and be null and vo7d• ''~~s ! ~ IT IS UNDERSTOOD that the word "Morrgagor" whelher in the s=ngular or plvra) snywhere in this Mortgs9e, sFull be sinyular if one only and i ~ shal{ be plural jointly and sevcrally if mo~e than one. and that the word "their" as uted anywhere in tha Maty~ge sh~ll be taken to mean ••his,•• ••hera;• , cr "i~s," wherever the conte:t so implies or ~dmits. Also, that wherever there is a referente in the wvenants and syreements hersin contsined to a~ry/ of t rhe parties hereto, the ssme shall be construed to mean as weil as 1he heirs, legal rep?esent~tives, successws and au~s (eithe~ vd~nt+ry by xt of tM ^art;es or involuntary by opcration of the law) of the same snd that the covenants herein contained sha{I bi~d and the benefiri a~d sdvantayes inwe ro the respective heirs, legal representativcs, successors and +u~gns of the partiei hereto. And said Mortgagws, fw themselves and their hein, legsl representatives, succeuas and ~uigns, hereby jointly and severally covenaM ~nd ~yree r~j • rc and with tF~e asid MORTGAGEE, its sutcessors and sssignt: ~ ? 1. To pay all and singulsr the principal anci inrerest ind the varia,~s snd s~ndry sums of mo~ey payable by virtue of said promissory nole, and fhis ' ~ -^ortgage: esch and every, p~omptly o~ the days respectively the s~me severally become due. 1 i r i 2. To p+y all ~nd singular the tad ~es, ~assessrrxntt, levies. Ii~bilities, obligaYans and encumbrsrxes~of--e~rulrs+ture snd kind naw on said de+c?ib~d f properry, w thst hereafte~ m+y be impSsed, s~ffe~ed, plued, levied, or +ssessed theroon. w thst hereaftd may be kvied or sss~ssed upon this MwtQ- ' age, w the indebtedness secured hereby, esch and every. when due +nd paysble, sccwdin~ to I~w, befae they becane delinquent, and befw~ any inter~st E .,~~aches or •ny penahy is inc~rred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND oisew?aceo Of ~ ~ECORD AMO TNE ORIGIf3Al OFFICtAI OOCUMENT (SUCH AS, FOR INSTANCE, THE 1AX RECEIPT OR THE SATISfACT10N PAPER OFFICIALLY ENDORSEO ~ , OR CERTIFiED) SHALL BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and i~ the event that any thereof is not ~ pa:d, saYSfied and dixharged u:d MCRTGAGEE may at any time Fay the ssme or any psrt lhereof without wsiiing w affectiny a~y optan, (ien, equity w ~~~hr under w by virtue of th~: mortgage and the full amount of esch and every such payment shall !x immediateiy due and paysble and shafl besr interest I ~rom the dare rhe~eef vnt~! pa d r! rafe of nine pe? centum per annum and together w]th suth inte?est shall be secured by ihe ~ien of rh:s merg~ase. - _ ,~.r ,~~~5 : _ - ~ ~~-^~~~x~ 4:~ , w_ ~'~~C 4 : - ~ -