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iHIS INDENTURE, M~ the- ~th day of November A.D. 19 r betwten !
Theodorou ~C Dimn~tt~ P. A. ~ a~~orida corporatfon, ;
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of ~t _?»cia ~Wnty Flor:da, hereinaiter desy~afrd aa the "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN '
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ASSOCIA?ION OF FORT PIERCE, a twpor+t.on wganized and exis~ing undcr Ihe lews oi ~he United Sr~~~s of America ~nd haviny ib pinupal piscs of ~
busm~u in ~he City of For~ Pie+ce, St. lucit Covnry, fbrid~, he~e7naftzr designated as ?1» "1NORTGAGEE." ~
WHEREAS th~ MORTGAGOR is justly indebred lo the MORiGAGEE in t1.e a.,m of S~0~0~•~ good and !awful money of the Un~ted ~
Srares advanced by the h1JRiGAGFE ~~~to the MORTGAGOR, as evieir~ued by a cerr;,n premisaay note of even dafe herewirh, of wK.ch the folluwiny in i
..ords and fiyures is a trus copy, ~o-w~t:
s_ 50~000.00 n,~ ~ ~o ~ l~6 ~
Fa, P;n«. w,,;d,, November 8~ ~v.~~
Fw value reteived, I, ~vr or e~ther oF ~s, prom:u to pay, withou~ defa!ce~:on, ro ~hr order of FlRST FEDERAL SAVINGS AND IOAN ASScXIAT10N OF
~:`RT PIERCE at Fwt Pierce, fforida, ~he sum of S~Qa~~-_____ v~,t+~ ~nfe+~st f+om date at ~hr ~+te of per anr.um, in mon~hly instal6
~~s ~s foi!ows: S~~~QQ--- on th> 2~_ day of __~Z_.- 14 and a i:ke sum on thr co~responding dsy of exh month there- ~
~'~r~ unhl the who:e be fuily pa;d.
Each installroen~ (irst shafl be applizd ;n paymenl o! ~he in~eres~ and ~her cn fhc ~npa~d batance of ihe prinNpal sum. If defaLlt is msde in the j
,.mznt of any insta;tmen~ ~wFen dve, and s;.ch da~a,ic wntinuea 30 days, then at t;.e opr;on of the hoider, and xithout any other notice, all the remaining
. sral:menrs sAall be due and payaa:e a~ oncc. Pnv„e~r is gr~an to prepay thia rwte in whole w in parl at any time without penalfy. Neither forebearante,
~.o- accep~ar.te by the ho:der the.eof afre. am• defau.f ~n any paymems hereen, shail ce deemed e*tension. A late paymem charge of 5-~-.s~-7-. sh+~~ be
..~.•d ~o each msta:+ment remain~ng unpa:d 7 da~a afte? i~s due date, and a t~?e s~~~. s}~~li i>e added ~o each iuth ~nstallment remsining unpaed 7 days after
e~cl~ sutceeding payment d~!e.
Each maker, surery and e~~3orser herrof, tc~r.~!y ar.d se+eralty, wa;ves dema?d, p~eseotme~t protest and notice of p~otest fw nonpaymeM, and fuAher
e~:ees to any exrens:on oF rin:e of p,;~ment ~•nrr cvfore or ai~-r r,awnry, vvi~-,~.;r .:~.ce to a~y of us; and to pay ell costs of collection, including a
~..~sonable attorney's fee in ~he even! o! any de~a~~~ hereu~der, ;~d hereby se.e•aily wa~ves all benefit of homestead and exemption under the constitWion
. d!an•s of each S:tte of the Un.ced Sta~rs, as ~~~:nst tk~; o6i•gar~,m w any e,!rr.s•oo or ren~~~j~r~~ a[ D~T~ p• 4•
Witness rhe hand and sea! of each part~. «i~~
By: S~ G902'~@ T~Od01'Oll~ (SEqU
President
~'orporate seal affixed attest: ~ Robert P. Di~mnett,
cs~?u
/~f~ Secretary ~u
. •VV $!dt! Rflr¢r::G
4AhfR~f~ iYW~d-Y(l~itiyiaal.r~Wi~.
NO'AI, THEREFORE, the MORTGAGOR for the p~*pose of sec~~~ng Fayment of sa~d s~m of S 50l~~•~ , ~nd the performsnce of ths
.~:enants and agreen~en!s htreir.after expressed, and fw di~tro good ard valuacte :~na~darations, by these presents, dxs gront, bargain, sell..remise,
~.-.,sa, convey ar.d confirm unto the MORTGAG~E, its svccessors ar.d au[gns, als th~i cerra+n bt, piece w parcel of Isnd, aitwte, lyi++9, and being in the
:e~nty of St. Lucie___ and S~ate of Fbrida, dexr~bed as follows:
Condominium Parcel No. 123 of CAPSTAN Z, according to the Declaration Condominium
thereoF, recorded in Official :~ecord Book 232, at pages 619-711 0£ the Public Precords
of ~t. Lucie Countp, Florida.
~II~3J~'CT to terns and conditions of said DecZ3ration of Condominium, the Artic2es o_°
Incorporation, By-I,axs, and Declaratian of Covenants and Restrictions o~' Ocean Village
property OWr~ers' Association, Inc., xith ~hich t,enns and conditions the mortgagor
covenants to camply and pPrform.
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AT E O F ~ L_ ~-~t t'.~'~ f~~ ~j~, ~ IN PAYYENi OF TAXES ,
` DOCUMEN~ARY~=~;~
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` t•" 1 REC~JYm ppppEgry~
IBLE PERS~~ `
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ri H.EYE*IU£ ::I ,,r~ ' 1 ~ DUE ON CLASS ~I~ j.l~~ ~S ~ 197L /f,~. `
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E c-~ - P.e 'c q,ERK Clf~llti OOURT~ 1.
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; •egzther with all and singu+ar the tenerr.ents, hered+taments and appuna~cci thereu~to betonging or in anywise appertaini~g therefo, ~nd sll tentf, issues,
~ :•xeeds and profits accruing and to accr~e from said premius, a!1 of wh~ch are incl~ded in the above ~nd fotegoirg ddviption snd hsbendum.
~ TO HAVE ANp T~O~H~LD :he abo~e descr~bed and granted pr .r..~ses unto rhe said NIQRTGAGEE, its successors and assigns forever. And the said
~ :'ORTGAGOR fa --i`1J-------- heirs, eRecutws, administrators and assigns, hereby cwenants with tFro said AAORTGAGEE, its sucteason and ~uipns, ~
E +~a~ -~~--j+~------- lawful(y seacd of the said p.em~ses in fee simple; that the same are free, ckar and dixhsrged from all liem ~nd sncwr?
c•ances in Iaw or in equity, and thaf_ it w;ll and its heirs shall warrant and defend the title to the ssme to the said
~RTGAGEE, its successors and ass~gns, fwever agamst fhe lawful daims a~d demands of all penons;
PROVIDED, AIY~AY$ that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hereinbefore destribed ant! shall truly, promptly
~ d iuily perfo~m, d~scharqe, e,eecute, canpkte, comply w~th and ab~de by each and every the stipulatiar?s, agreemenn, canditions and tovenants of said
_-^:ssory note and of this Mortgage, then this Mortgage and the Estate hereby vcated shall cease ud be null ~nd void.
~ IT IS UNDERSTOOD that the word "Mottgagoi' wlx?her in tF~e s~ngular a plunl anywhere in this Ntwtgage, shall be sinyular if ooe only and
~ :~a'I be plural joimty and severaiiy if mwe than one, and that the wad '9heir" as used anywhe~e in this Mort9sye shall be t~ken to meao "his," "hers;' mo
~"its;' wherever the con~eat so imp:ies or admits. Also, tF.at wherever there ~s a referente in the coveaaMS snd agreemenfs herein tontained to any of c-
~ ~~e parties hereto, fhe same shall be construed to mea~ as well as the hei.s, legal representativd, wtcessors and auiyro (either voluntary by atf of tFw
;:jrr;es or involuntary by operation of the law) of the same and that the covenann herein coMained sh~ll bind ~nd the benefits and ~dvants~~s irwr~
Q •o the respective hei~s, iegal represeNatives, successors and au'gns of the parties hereto.
~ And said Mortgsgors, fw themselves and the~r hein, kgal represenatives, s~cessors snd assgns, hereby jointly snd severaily cove~ant and ayr~e
~ ro and wifh the said MORTGAGEE, in successors and assgm:
~ 1. To psy atl snd aingufar the princ~pal and inrerest ~nd the varaus and sundry wms of money payable by virtue of said promiuory note, and this ~
r T~orrgsye, each and every, promptly on tix days respect~vely the same severally become dve.
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2. To pay all and singular the ta:es, assessmenb, levies. liabilit~rs, obligstions and encumbraeces of every nature and kind now on said dauib~d ~
~ property, ot rh~t hereafter may be ~mposed, wffe~ed, plated, kvied, a auessed thereon, or that hereafte? may be levied w~uessed upon tFus Mwt¢
~ age, w the indebtedness secured hereby, exh and every, when due and payable, ~ccwdirg to law, before they become delinquent, u+d befors s~ryr int~rqt
~ a~~aches or any penatty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII 6E PROMPTLY SATISFIEO AND DISCHARGEO Of
~ECORD ANO THE ORIGINAI OFfIC1Al OOCUMENT (SUtH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFfIC1ALlY ENDORSEO
~o CERiIFIED? SMAt: BE PlACEO IN THE HANpS OF SAID MORTGAGEE WITHIN TEN OAYS NFXT AfTER PAYMENT; and i~ the event fhat any thereof is no(
~ ,:a d, sat sfied and discharged sa:d MORTGAGEE may ar ~ny t~me pay the same w any part thereof wirhout waiving or aftecting a~ryr optioc?, lien, squify or
s •~~hf vnder or by virt~e of this mortgage and the f~ll amovnt o( each and every such payment shall be ~mmediately due snd payable •nd shall bear interest
~ ~~o~^ fhe dare ~Fe.eo{ v~nl oa d a+ .are of n~~e pe~ centvm per sn~um and together w~th svch interest shall be secured by the lien ef th': morgrage.
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