HomeMy WebLinkAbout2936 • ~tT(~. it C / i ? I
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2 rd Octobsr n.o. i9~~ e.~.«+ ~
THIS IN~ENtURE. M~ ~n~ d+r ~f p~~ hia viib an
1~1i].liaai C. Co~c and Florence R. ,
~oe L. trchnak and ST1Ka H. 1Crchnal~~ his ~~1Ys, ; "
of St•• , Counfy flotid+, h~rein~ftM dtsgnated +s tM "MORTGAGOR;' at+d FIRST fE~ERAI SAVIPiGS AND tOAN
ASSpC1ATiON OF FORT PIERCE, a corpontton ayanised and existinp unikr tM laws of the U~ited Sut~s of AmKic~ u~d havinp its principal plau of
busintu In tlw Cify of Fwt PiKn. 5f. Luci~ Cou~ty, Florida. hereinaFter despnaled as Ihe RTGAGEE:'
WHFREAS th~ MORTGAGOR is jwtly ind~bt~d w th~ MORiGAGEE i~ the sum of i~"1~~~~ pood ~nd ~~wful money oi the Ut+ittd
Sretes advanud by -the MORTGAGEE unto tht MORTGAGOR. as e~idtnc-d by a cer~a~n pron:istory not~ of vven date herewith, of wh;ch th~ (ollowi~p io
words and (ipures b a ttw coWy.~Pwit:
~ L6.o00.00
P~,a, H„~,, October 23, ~9T
For valus receiwd, 1, we w either of us, prom~x ro pay, without defalu~ion, to the orde~ o=fRST FEDERAI S~AVI~NGS AND LOAN ASSOCIATION OF
~ORT PlERCE af fat Pierce, flwid~, the sum of S-~S~`-ri W~~h +nie~est (rom date at the rate of 7•~'!6 per +t?nvm. In monthly inifalM
:nenrs u follows: t~ oo the 2~'h day of ~CAlllb9l' , ~q~~ s like sum on the cwrespon~ling day of exh moR)h th~rt-
a!rer until the whole be fully paid.
Each installment lirst shall be appl~ed in payment of the iMerest and then on the unpaid balance of ths princip~l wm. If defauh is mad~ ln th~ ~
;.,;~nent of any i~stallr~?ent wh~n due, and :uch del+ulr cominves 30 days, then at rhe option of rhe hotder, and v~rithout any other aotice, ~II the rem+ininp
,:,s~a!{menh shall be due and payabk at once. P~iv1iege is given to prepay this note in whole or in Rart ~t any time wi:fiout penilty. Naither forebea~snt~.
no. accept:nte by 1he holder thereoof afler sny default in sny peymenb Ixreon, sha~l be deemed eztension. A late paymant tharge of : 20~1~ sFN~I b~?
added to each instatiment remaininy unpald 7 days after its due date, and a fike sum s}ial! be added ~o each wch installmtnt remaining w~paid 7 d+ys afte?
ea:h sucteeding p~yment data ~
Eeth makcr, surety and endo~ser hsreof, jo+ntly and severally, waives demand, prPSentment protest and notice of protest for na+payment, ~nd fwtfiet
agrees to any extensron oi time of payment, either befwe or aftcr maturity, witnout nohce to any of us; aod to pay all msts of collection, irxludinp a
~easonabk attwney's fee ~n the even? of any defauit hereu~de~, and hereby sevaalty waivcs all benefit of fiomestead artd exemption under the coostitvtio~
a~~d !avvs of rach State of the United Statas, as against this obligation or aoy exteas~on or renewal htreof.
Wltneu the hand and seat of each party.
S 1~'illiam C. COX ~
S Florence R. Cox ~„U ~
S Joe L. 1Crchnalc ~
S Sylvia p. archnak cs~w ~
, ~69~~ ) State Revenue ~ `
ts.vr.++pr anan~-+arra~g~++ar~ee) , ~
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t~OW, THEREFORE, the MORTGAGOR for the purpose of ~rcurin~ paymen! of taid sum of t~l~~•~ snd the performance of the
cevenants and a9~eements hereina~ter expreued, and fd divers good a~ v~lu~bte conaiderstioro, by thae p~esents, does grant, baryain, sell, remise,
refease, convey aod tonfirm unto the MORTGAGEE, iri tutcessors and assigns, ali 1F?at ce~tain lof, pieta or putel of Isnd, situaM, lyinp, and beitg in tM
~o~~~y o{ $ti. L1iC~e ~nd State of Fbrids; described as fdlows:
Co~daminiwn Parcel No. 334 of CAP3TAN I, according to the Declaration of Cando-
adir~iun thereof, recorded fn Official Record Book 232, at pa~es 619-711 of the
~Public Records of St. Iucie County, Florida.
SOBJECT to teros and conditiona of said Declaration of Condoadnia~, the Articles
of Incorporatian, By-Lava, an~d Declaratiaa of Cavenants and Restrictio~ns of
p,~ea~ pill,age property OWners' Asaociation, Inc., aith ~rhich tersa and conditiona
the mortgagor covenante to co~eply and perform.
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N~ S AT ~F ~ L.O R 1 D A ~ s~'v~ ~c a~rN+e+~
r~s~ ~n, '
I ' _ DO~~MENTARY,/.:.,;.~STAMF IA ~ i PURSWNT TO ~4 71-13~t. lliCis OF 191~. ~c =
o z co ' ,
c-~ DEPT. OF RE1f£NUE ti •
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rc9e~her with •II a~d singutar the tenemenrs, hered~taments and sppurtances therevnlo belonging a in Mywise +ppertainirg therew. +nd r~nts, issws,
;,rxeed~ and profits acuvirg and to acuue from said prcmixs, all of which are included in the abov~ and fwaQoirg d~saiption ~nd h~bendum•
TO HAYE AND TO HOID the above descrfbed and grsnted p~emises ~nto the s~id MQ~RTGAGEE, iri suaeswn and auiyns fweve/. Md tM said -
titORTGAGOR for their he;n, e:ecutors, administ?ators and auigns, hereby covenanb with the taid MORTGAGEE, Ns suttes~ors and sssipm.
thev 8re _
~har ----T-- lawfully seized of the said premises i~ fee simple: that the same sre ~free, cleu and disch~ryed from ~II (iaa and ~
~ trances in law a in equity, and that t~y will and t~~ hein shall wsrr~nt s~d defend the titl~ to fFu s~me to tlw s~id
:"ORTGAGEE, ib iuccessors snd assigns, forever egainst ths lawtu! clsims and demands of all pe~wro;
~ PROVIOED, AlWAYS th~t if the MORTGAGOR shall psy unto irhe MORTGAGEE the promissory note hersi~before dtscribed snd shall truN. P?~^P~~Y
~ a~d fully perform, d~xharge, execute, compkte, comply with and ~bide by exh ~nd every the stipulatiorn, apreemenri, conditioos and cove~anri of s~id
p~cm,~ssory note and =of this Mortgage, the~ this Matgage and the Eitate hereby ueated shall ceas~ snd be null {~v~ia. ~ 1 e~ ~
i. . ~ >.t'1
~ IT IS UNDERSTOOD that the word "Mortysgor" whether in the singular ot plural anywf+er~ in tha Mwtpsyt, shsll be sFrgulu if one only aed
shaii be pl~rd joint{y and severally if more than one, and ~hat the word "their" ~s used anywhere in this Mat9a~e sh~ll b~ taken to iw~aw+~w~:'.=
he~s." ~d
"i~s;' wherever the conte~ct so implies or admits. Also, that whe~ever Mere is a roferenc~ in the covenanri and a9r~nenri herein oonuined to a~y of p
rhe panies heroro, the ssme sFsall be construed to mea~~~s weil at ttx heirs, ieya) rep~esentatives, tuttessors and assipns (tither voluntary by ~tt of the yo~
~ar~ies or involuMary by operation oF the !aw) of the same and that the covenants herein cont~ined sMll bind and fh~ benefits at~d ~dv~nta~s inw~
±o the respective heirs, le9sl reprexntatives, succeuors and au'gns af the psrties F~ereto. . '
/1nd said Mortg~gon. for themselves and tl+eir Froin, leyal representstives, successors ~nd auipro, hereby joinHy ar~d swerally covaeant and apne
ro and with the said AM1ORTCsAGEE, in wccessors snd suiyns:
1. To p+y ~II :~d singular the princ;pal and imerest and the v~ravs snd sundry wms of money paYabb by virtw of said promiswry note. 'and this ~ ?
matgsye. ~scl~ H+d every. (xomptly on the days respectivsly ihe H11N flV~I~IIY blCOfM dw• ~ ~ 1
2. To pay all and iu~gular the qxes, sssesunenn, levies, liabili~ies, obliystiau and encwnbrsnces of ~nry n~ture u~d kind now on uid d~scrib~d
r o p e r t y, a t h a t h e r e a ft
er ma y be im p o s
e d, wffersd. Placed. levied, a susssad thcreon, or that h~reaftK may b~ levied a~sieswd upon tFds Mat¢
aqe, or tht indtbtednsu secured her~by, each and every, when due and payable, accordinp to lsw: befon thty becan~ dtlioquent, a~d btfon any Mt~rt~
a++aches or any per?ilty is incwred; AND INSOfAR AS /WY THEREOf IS OF RKORD iHE SAME SHllll dE PROMPTIY SATISfIED AtVD DISCH/?RGED
RECORD AND THE ORIGINAL OFFICIAL DOCUMENi (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR TME SATISFACTION PAPER OfFIC1AllY EN
OR CERTIFIEO) SHAII BE PIACED IN THE HANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd i~ the wtnt th~t any tFroteof is not
~a Fa:d, s~t'sfied and disch~?ged sa:d MORiGAGEE may at any time pay the same w any part thereof without waivin~ or ~ffectirg a~?y optia+, lien, r~uify or ~
~~qhr undn w by vir~ve of this mortyage u?d the futl amount o4 euh a~d eve~y such payment shdl be irrwriediatety d~e and payahk ~~d shall bes~ iMersst
F.om rhe da~e ~he~co~ ~ntil pa d at ~are of n~ne per centum per annum ar+d together w~tl~ such interest shatl b~ secv~ed by the lien cf rh'i mcrgtage.
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