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. , ~8~139
THIS INOENTURE, AMd~ ~i,. lbth Jay oi ,uly _ A.~. 19_74 b~tw~e~+
Francisco B. Palaero ~(at!_RoseAarZr Palvero, his wifa
of St . WC1Q Counb Flaida. hertinahe~ dtayna~ed as ehe "MORTGAGOR," and fIRSI fEUEP.At SAWNGS AND LOaN
aSSOCIATION OF FORT PIERCE. • corpaat~on o+ganised and exist~np unda tM laws of 1he Un~ted Sta~~s oi Amaic• and h+vinq in principal pl~c~ of
b~smess i~ th~ City of Fwt Pie~ce. St. luc~e Cu~nty. Flor~da. here~~after des~gnated es ehs "MORiGAGEE.••
2 urd iawful money o~ the Umted
WHEREAS ths MORiGAGUR ~s justly indrbted to ~he MORiGAGEE in tM s~m of S_~~~----• 9°Od .
S•~tes ad+a~~ced by ~ha 1~10RiGAGFE unro ~he MOkTGAGOR, as e~~Je~u~d by a crnaio pran~uory no~e of even dare tx~rw~th, oi wti:ch ~hs to!!o«~ng
,.,:~ds and f~yures ~s + uue copY. ~o-W~~. 10020991
25 .000.00 ~'1O
s- July 16 19 74
Fo~~ P~~~~.. Fkvid.,
Fex val~e rece~ved, 1, v.e or e~thrr of us, pro:mu ro pay, wi~hout defalcetion, ro rhe order of FIRST fEL`ERAI SAVINGS AND IOAN ASSOCIAiION OF r~
,2T PIERCE a~ Fort P~r~ce. ftonde, the a~m oi 5---- 25:-~0.~ w;ih in'~•~rst fwm date at rhr ra~e oi 9• 5OO pN +~i~lum, in monthly install-
ri ~s foilcws: S- ~~4 ~ tha day of _~1lau~--. 19_ _7~ and e like sum on the twrespa?d~r+g d~y of each month therr _
~~~tit thr whole ix tu~ly pe,d.
Each ~nuallment f~rat ahaft be app'~ed io paY~n~m of the interest and tF.c~ o~ tLe vnpa~d tulance o! the pr~nrpa~ sum. If de(ault is ma~ in the
,..••~ant of ~ny ~~ata:~ment when due, and auch defau!t conti~~ues 30 days, then at the optioo of ~he hotder, and w~thou~ any other not~ce, a~1 ~he rema~++~^9
..:re!~~nents ahai: ice d~e e~id payaLle at once. Priviie9e is givan ta plepay this nate in who~e o~ in parl at any t~me w~tlwu? pe~a~tY• Pk~~her forebearanc~,
a
acceptance by the holder thereof after any defauit in dny payments hcreo~, shatl be deemed exrension. A tate psymenr charge o( S ~
.:.i_d ~o each ~nstattment remain~~g unpa~d 7 days aite? its d~e daie, and a I~ke su~n shali ne addrd to each such installm..~nt ~em+~nirg unprid 7 days afte~
-.+c~ succerding payn:ent djre.
Each maker, surety and endorsrr hereof, ~o:mly and severoliy, wa~ves cie:nand, presentment p~otest and noUce of p~otest for nw+WY^~e^4 +^d ~urther
,~•~es to any e~!ens~o~ of n~+~e of payment, c•ltirr hrio~e w afler maturiry, witnou~ no!~ce to any of us; and to pay all tosts of tollect~on, indud[ng •
,ccnabie atromry's fee the evrn~ of any driau:t herc~nder, a~d t+ereby seve•elly wa~~es all benefil of homestead and exemption under the tdudtut'an
a,~•s of eafi 5*e:e of fhe Un:!ed States, as against thn obi~ga~ioo w any e¦tens~on o~ renewal hereof.
~Y~fneu ~he h3nd and te~l of each party.
(SEAy
S~ F~'~~'+~`1SC0 B P811~et0 (SEAU
cs~?u
s/ Roseaarv Palnero ~
_ $37 . SO S+ate Revenue
O. QQ ~nd the pe+fwm+nce of the
NO.y, THEREfpRE, the MORi,r-sAGpR fa the pu.pose of ucu~ing psYment of ~a~d s~m of S 2S ~
~:e~.aNS and agree~r.ents hereinafrer expre~sed. and fcr d~vers good and wluab~e co~sideranons, by these p~esents, does g?ant, bar9.>i^• se14 ren++se,
eue, co~vey and confirm unto the MORiGAGEE, its successors and ass~g~s, all thet certa~n lot, piece or pucel of I~nd, sitwte, lying, and being in the
County of $t :--W~le and State of Fbrida, desv~bed ~o~~ows:
Apartoent E- 5, LA EN:RADA DEI. MAR, a Condominiun, accozding to the Declaration •
of Condominiua dated Oecember 30, 1972, filed November 6, 1973 in Official Records
~3ook 220, page 1747, and re-recorded Noveabez 9, 1973 in Official R¢cords Book
220, page 2192, of the public records of St. Lucie County, Florida, together Mith
all of its appurtenances according to the Oeclaration.
Subject to the terms, covenants, agre~ments, obligations and provisions of said .
Declaration of Condominiua which mortgagor in all things dces covenant to uortga-
gee faithfully to observe and perfoz~.
S TA-f' E~ F F t.._ O R I~<. ~ p cti ~ P~?n+?e~r~.
: DO.~UMEN~ARY,~:-`ti,57AM~ 'I~ ~ ~
~ ' hEi'(. UF HEYENI~'t •,.i''t~~~~,~, ~ ~ •C ~ IBIF ~ 1911. ~l
Z . - _ DUE ON CIA~ ~~~t 71-1~4. _
~ N_ = 3::~ i;; Ts ~~r~'`~~ ~ 3 7 5~~ PUR511ANT TD ~Qt PORRI~S ~ C0~ FLl?.
, . ~ _ , r+g_Z , _ 1 ' ~ CIRfA11T OOVECi' Si' ~
~ . ~ GF
~-gerher wirh alf and singv~ar the tenements, hered~taments and sppurtancea thereunto belorging or in ~~ywise ~PP~n+'^~^9 fherero, and ~II rents, iuues,
:•c~ceds and profin acuuing and to aarue from :aid prcm~ses, all of whEch are included in the above ~nd fore9oen9 deso'Ptan ~^d Mbendum'
TO HAVE AND TO HOLD tne above descnbed and granted y:•remises unto the said MORTGAGEE, its strccessws s~d +ss~9r?s fotever. And tM s+~d
- he~rs, executws, admi~istrators and sssigns, hereby covenants with the said MORTGAGEE, iri s~cuasors • assipro.
: RTG~ R for ---th@lr____
,.,1 _=_~=y-a e--- lawfully seize.~ of the said premises in fee simple: thst the same are free, dea? ~nd discfiarged from sll lient aod encum-
L~y w~ll and ~'Q1= hein shall wsrrant ~nd defend the titk to tht s+me to the s+id
:-ances in 3aw or in equity, and thjt_
` ~'~TGAGEE, its svtcesso~s and ass~gns. Fwever against the lawful claims and demands of all perionf:
~ PROVIDEU, AtWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the p~ornisso?Y note her~inbtfwe dexribed :~d sh+~l 1n?~Y• W«^P~~Y
fu'fy perform, d~scharge, eaecute, compSete, comp~Y with and ab~de by esch and every the stipulations, ~greements. cond~r~oos +~+d coren+^n of sad
- r.~sso.•y note and of this Mortgage, then this Mortgage and the Esta~e hereby created shall cease snd be rw~~ +nd vo~d- p
71!
IT IS UNDERSTOOD that the wwd "N1wtg~gor" whether in the s~nguls~ or plural anywhere in this Mortgsge, shall be sirgular if a+e only ~nd ~
s^a'.i be piural joint~y and severally if more than one, a~d that the word "their" as used anywhere in tbis Mortgsge shall be taken to mesn "his;' "hen,"
its," whe~ever the contex~ so implies u admits. A?so, that wherever thtre is a reference in the coven~nts ~nd +9reements herein cont+ined to ~ny o1
:e parties hcreto, the same shall be construed to mean af weil ~s the heirs, legal tepresent~tird. svtcessors and +ssiyns (e~the~ ~a~n!ary by atf of the
~j.r:es or invotuntary by operation of the ~aw) of the same aod that the cove~ants herein contained sF?ali bind sod the benefits and adv+ntsyes i~wt~
•o rhe respective heirs, legal represer.tatives, successws and ass~gns of the part~es hereto. ~
And said Mortgagon, fo~ themxlves and their Ixirs, legal reprexntatives, svccessws and +uigro, hercby joinily a~d sevNally coven+nt and apree ~
~o and with the said MORTGAGEE, its successws and ass:gns: - ~
1. To pay a~~ and singular ~he princ;pa~ and interest and the var~ous and sur~dry sums of mor?ey payable by virtue of said promissory nofe, snd lhis ~
•-:orrg~gc, each and every, prompllY on the days resped~vely tF~e same severaiiy become due. ~
2. To pay all and s7nyvlar the taxa, assesunents, levies, liabilitief, oblgations and e~+a+mbr+nces of every n+hrre snd k'u~d now on s+~d desv~ed
property, or that herea~ler msy be imposed, s~ffered, p~aced, leried. or assess~d =!K«°^• that heresiter maY be lev"~ed a assessed trpa~ th~s Nb?~q'
age, o~ the indebtedness secured herebr, euh and eve?y, when d~e and psy+ble, sccordir+g ro law, before they become ddinquent, ~r+d before ~ny intaest
a•~:c~es ot any penaity is incvrred; AN[~ I~ISOFAR AS ANY iHEREOF IS OF RKORD TNE SAME SHAII dE PROMPiLY SATISFIEO AN~ DISCHARGED Of
RECORD AND THE ORIGIt~iAl OFfIC1Al OOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SAtI5fAC710N PMER OFfIC1AllY ENDORSED
CERiIFIED) SNAII BE FLACEO IN THE HANUS OF SAIO MORTGAGEE WIIHIN TEN DAYS NEXT AF1ER PAYMENT; a~d in ttro evem th+t any thereof is no~
;:a d, saf sf~ed and d~scharged sa:d MORTGAGEE may at any hme pay the same or anY p+n thereof without waiving or sffecr~ng sny option, lien, eqv~ty or
.~~t~r vnde• o, by v~rrv~ 04 th~s mortgage and the ~ull amou~r of each and every such payment sl~all be immed~ately due and payable and shall bear i~te~est
a:•.- r+ d ~aTe of nme per centum per annum and to9erher w:th such interest shall be secored by the ~~en of !F~ s r-o~o'age
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