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THIS Ie1DENTURE, Mad~ the ~h day of `~~~~r - A.D. 19 Tµ , b~h+ie~n
Richard 0. MvaLheT and Virgini,s M. Mantbsl, his rife
af ?~r• Cp~nfy Ftorida, heraina(te~ designated aa the "MORTGAGOR;' +nd FIRST fFDERAI SAVINGS AND IOAN
ASSOCIATlON OF FORT PIERCE, ~ corporahon wg~niaad and ex~slinp undw ths laws of tM Un~ted Sa~~f of Amarit• and h+vinp iri principal plac~ of
bua~ness in th~ City ot Foh Piat~, St. lucie CountM, Flwida, he~einafter detq,~~ated as the "MORIGAGEE."
WMEREAS tM MORTGAGOR is jus~ly i+~debted to the MORTGAGEE in tha s.~m of S~~O~~Q~R~_- , good ~nd lawful money of tF~e Unlted
Siates ~dvanced by ~he MORTGAGEE unto rhe MORiGAGOR, ss evidenc•_d by a cerra~n promiuwy ~ote ol even date herewith, of which the (o~lowing in
words and figures ~s a erue copy, towit: No 10~lw~ef
S 50;000.00
- Fort Pierc~. Flwida. `~pt~~! ~O~ 19~
For value received, I, we or eilher of us, promise to pay, without defalcahon, to thr o~der of FIRST FEDERAL SAYINGS ANO LOAN ASSOCIATION OF
:ORT PIERCE at Fort, Pie~rce, flor~da, ihe wm of S- ~9{~~~-------- ~+~}f~ snrere1s-t f.om date at Ihe rate of 4~7-% pcr +~nu+n. in monthly inslal4
~-~e.,~s a~ follaws: S-fLVI-i~ ~ d~Y xQT~~r. 19 _[Y_ and a like wm on the correspondirg day of each month there-
a~rcr vnti~ the whole be fully pa~d.
Each installmsnt fint ahall be appl~rd in payment of Iha interes~ and tl,en on the unpa:d balance of 1M princ~pil sum. If default is mad~ i~ tM
;.•~ymen~ of any instailmenr when due, and such de(auh continues 30 days, then at fhe op~~on of the hotder, and withouf any other notice, all the remaining
~~srallmenta sha~l be due and payable at once. Privilege is g~ven fo prepay this note in whoie or in part at any t~me without penslty. Nei~her fw86aarance,
cor acceptance by the hotder thereof after any defaul! in any paymeots hereon, shall be de<med extension. A late payimnt charge of 2• , shall be
.,.!ded to each installmeM remain~ng unpa~d 7 days after its due dafe, and s fke sum sh,?4 be added to each suth instailmeM remaining uopaid 7 days aftet
each succeed~ng payme~t dete.
Each make?, surety and endorser h~reof, joindy a~d severally, wa:ves demand, p~esentment protest and notice of protest fw nonpaymenf, and further
agreea to any extens~on oi thne o1 poymrnt, ekFw before or after maWtiy, witi,out not~ce to any of us; and to pay all costt of cotlection, inttudin~ ~
<<.+sonable atrorney i fee in ~ht e+ent oi any defauit hereunder, and hereby severaily weives alt benefit of horrKStead and exemption under the to~titWion
and laws of each Siate of t}+e Un:ted States, as a~ainst this obGyafion or any extension o~ renewal Iureof. • . , . -
Witness the haMl and seal of eath party. s~ ~ baI"~ d• ~D~i~IA
~,Mj ~ ~ ~ ~ ~ ~ t (SE/?U
cs~?u
_ 3 Vir inis W. ths cs~?u
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i . ) State Revenue : ~
'!Sr~++ryrew~.~laet~ara~yA+st~euR.~? • • ~
NOW, THEREFORE, ~he MORTGAGOR tor the purpox of seturing psyment of said sum of s~~~~Q~~ ~nd tM pe~forrr+~nce of tlw
covenants and ~greements hereinafter exp~essed, and fw dive~s good and valuable tonsiderations, by these pre~ents, does grant, bar9ain, sell, remise,
release, tonvey and confirm unto Ihe MORTGAGEE, its succeswrs and asaigns, a1i that cerfain bt, p'~tu ot putel of land, situate, (ying, s~d being in the
Covnty of - st. Laeis .nd S!ate of Piorida, dexr~bed foitowt:
Ccndc~iuiva Parcel I~o. 125 of CAP3?AN I, according to t~hs Declaration of
Conda~iniu~ ~hsreof, reaoraed in Ofiicial I~saord Boolc 232, at pagee 619-711
of ths Pnblia Rscords of St. Incie Count~, !'lorids.
SOBJECT to terae aad condi~iona of asid Declaratiao of Conda~iniue, trhe
I~rticlea of Incorpora~im, B~-I~aKa and Declaratim ot CoTSnanta and
Reatrictione ot Ocean Village Praper~7 OMnsrs' Aaaxiation, Inc., Kith
ahich te~~ sad caaditiona ~be siortgsgor ao~enants to ca~p~j end perfor~.
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~Z DO~UMENTAR ~_,.a-` pt~ ON pll~'~ prt~N6laf af ilJl.
UE?T.Of HEYENUE . C O O~ PURSIIAMT TO ~~l'134. N:[S
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•ooerher w~th all and singular the tenements, hered~+aments and appurtances ~hereunto belonging or in anywise appert+inirg ther~ro, and dl rents, issues,
~~ocecds and profi» accruing and to accrue irom said premises, all of which are included in the above and fo?eQoinp desaiPtion +^d Mabe^dum•
~ TO HAVE AND TO HOlO the above desaibed and gronted pr~nrises unto the said MORTCsAGEE, its suaessors and auigns fwsv~?. Md th~ wM
:!•~RTGAGOR (w ~Q~---- ~~~s, executas, administrators and assigns, hereby covenann with the said MORTGAGEE, its suctessws and ~ssipm.
r....,~ fi119.~0-- a~ I~wfulty sei:ed of the said premises in fee simple: that the same are free, ctear snd disch~r~ed from all liera and encuro-
~rances in Iaw w in equity, and that ~y will and ~ir heirs sha11 wsrrant and defend ths title to tl~e same to tM s~id
!:,7RIGAGEE, its successors and assigns, fuevn against the lawful claims and dema~ds of all persons;
PROVIDE~, AlWAYS that if the MORTGAGOR shall psy unto fhe MORTGAGEE the promistory note hereinbefwe destribed and shall truly, promptly
~ -~^d fulEy perform, d~xha~ge, execute, comptete, comp~y wiih and ab~de by each and every the stipula~ions, sgreements, condiians snd coveosnts of said
:~romissay notr ~nd of this Mortgaga then this Mortgage arx! the Estate hereby aeated sha~~ ce+se +nd be nu~~ s~d vod•
IT IS UNDERSTOOD that the wad "Mwtgsgor" whefher in the singulsr w plural snywhere in this Mortyaye, shall be si~yular if one only ~nd ~
~ ~
~ stinll be plural joiMly and severally if more thsn ooe, end lhst the wwd "their" ~s used +nywhere in this Mortgsqe shall be taken to mean "his;' "hets,"
c~ ";ts," wherever the context w implies or admits. Alto, that wF~erever there is a referente in ihe covenann and ayreementi herein cont+insd fo any of
rhe pa?ties hereto, the same ihall be consnued to mesn ss well ss tFx heirs, legal represeM+tives, successas and usiyns (either voluntuy by acf of th~
aar~ies or involuntary by operatiw~ of the Isw) of the same and that the covenants herein conuined shall bind and rFk benefin •nd advamapes inw~
~o the respective heNS, le9a1 representatives, successors and ass~gro of the parties heroto.
' Md pid Mortgagors, for tF+emxlws and tF~eir heirs, legal ~eprexntatives, suctesson snd ~ssiy~s, hereby jointly snd tevaally toven~nt ~nd ayr~e ~
+o and wifh the said MORTGAGEE, its succasors and essigns:
1. To pay all and sing~lar tM principaf and interest and the various and sundry sums of mor~ey psyable by virtue of wid promissory note. +nd this
~ortg~ge, each ~nd every, promptly on the days respectively the same seve~~lly become due.
2. To pay ~tl and iingular the tsxH, assessmeMS, levies, tiabiliries, obligations ~nd aKUmbrantes of every natwe ~nd kind ~~wr on said d~scr'bed
oroperty, or that hereafter rrNy be impwed, suffered, plxed, levied, a ~uessed thereon, or th~t I~erufter m~y bt levied w ~sseased upon tF~is Mort¢
age, or the indebtedreess secured hereby, each and every, when dw +nd p+Yable, xcwdiny to law, befor~ they becane delinquent, ilfd bffMf ar1~/ M11Mlff
ai~aches w any penalty is incurred; AND INSOFAR AS ANY THEREOF t5 Of RKORD THE SAME SHAII BE PROJNPTIY SATISFIEO AND OISCHARGEO Of
RECORD ANO THE ORIGINAI OFFICIAI OOCUMENT fSUCH AS, FOIt INSTANCE, THE tAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED
UR CERTIFIEO) SHAtI BE PLACED IN iNE HANDS OF SAID MORTGAGEE WIiHIN TEN DAYS NEXi AFTER PAYMENT; snd in the erenf thar any thereof is not
aa~d, satsfied and dixharged sa'd MORTGAGEE m~y :r sny ume p~y ~he ssme w sny p~rt thereof witFw~t wsiving o~ ~ifettinp ~ny option, lien, eqviry or
~ •,qh~ „nder or by virwe of this morryage and Ihe fuli amount of esch and evay such payment ahall be immediafely due snd pay~ble snd shsil bear interest
t~cT da*e !~='sof cn~ : pa d a+ rate o) nine per ceMUm per annum ~nd to9ethe~ w~th such interest slull be tecured by fhe lien o~ th's morgtage.
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