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Home My WebLink About0262 . ~ - . .30J`"014 THIS INDENTUR4 Mad~ the 2 Sth day of Ma YCA - A.D. 19 7 5" between Willian C» Eiorrell and riaurine Borrell, his wife of St. 1..11C~@ Counfy Flo?ida, hereina}ter des:~nated as tt~e "M~RTGAGOR," and FIRST fEDERAI SAVINGS AND lOAN ASSOCIATION OF fORT PIERCE, • m~poration organized and exis?inq under th~ lawt oi the United StetQS of Ametica ~~d Mvirg it~ principal plscs of boa+ness in ths Ci1y of FoA Pierte, 51. lutis Cou~ty, Florid~, heroi~aher defignated as ~he "MORTGAGEE:' WHEREAS th~ MORTGAGOR is juitly i~debted to 1he MORTGAGEE in the ium oi S- 19~9~•O0 90~ and lawful money of 1he United Sfatas advsnced by the MORiGAGEE unto the Mq[tiGAG~R, as evidenced by a cena~n prom~ssory nofe oi evrn da:e iierewiti~, oi wh~ch the ioilowring in .~ora~ and figures is a true copY. to-«it: ` 13000006 ' s_ 19,900.00 No Y Fo?t Pierce, Flwida, March 25, ~q~~ fa value received, I, we or either of vs, prom~se to pay, without defatcation, to the orde~ of fIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF F;;RT PIERCE al forf Pierce, Florida, the sum of S 19•9~.~0 w~th infcresr from date at the rate of 8•7~ per annum, in monthly install- :~s as fottows: S__ 164..00 ~~he ?~t~1 day of MaY 19_75 and a like ~um on the correspond~ng day of each month therc- a~ter uNil 1he whae be fv~ly paid. Each inatallment lirst shall be app!:ed in payment ol the ~~teres~ and then on the unpaid balance o~ the princ~pal sum. If default is msde in the nent o4 any instaltment when due, and such deEau!r continues 30 days, then at the option of the hoider, and without any othe~ notice, all the remaining ~:sratiments shall be due and Nayable at ence. Priv~lege ~is given to prepay this rwte i~ whole w in part at any time without penalty. Neither foretx+rs~ce, ~ or acceptance by the hoider the~eof afrer any dnfault in any .~ayments he~eon, shall be deemed extension. A late payment charge of : 8• 2O ahall be ' i?_d ro eath inatatlment remaining unpaid 7 days after its due date, and a like sum sholl be addad to each suth installment remaining uopa~d 7 days affer ~ ~ch succeedirxl payment date_ Each maker, surety and endorser hereof, jointly and severa!ly, wa~ves demand. p~esent~nent protest and notice of protest for nonpaymenL and further ~~rees to any eatension of t~me of payment, erther befo:e w aiter maturity, without not;ce to any of ~s; and to pay all c~sts of cotlection, includ;ng a .s..~nable atrorney's fee in the event of a~y default hereunder, and hereby severa:ly ~vaives all benefit of homestead and exemptio~ under the constitution ,.•d laws of each State of the United $tates, as aga~nst this obGgation a any extens~on or renewal hereof. VYitness the hand and seal of each party. s/ William C Borrell (SEAL~ - cs~?t) s/ tdaurine Borrell ~,u csEnU , _ C29 _ 85 State Revenue ~+e.np? eaneelkd ~w? e?igiris~no?e} NOVV, THEREFORE, tne MORTGAGOR for the purpose oF securing payment of said sum of s 19 •9~•00 , end the performance of the c~:enants and agreemems he~einafter expressed, and for divers good and valusble considerations, by these presents, does grant, baryai~, aelt, remiae, ,•:!_ase, convey and confirm ynto the MORTGAGEE, its successora and assigns, elt that certain lol, piece w partel of land, situate, lying, and being in the St. Lucie C~unsy of - artd Siate uf Florida, deauibed as followt: ~o~-0o~9-oaa/o A condorrinium parcel designated as Apartment No. E, Building Number 107, of HIGHPOINT OF FT. PIFRCE CONDQ~lINIUN, Section I, a condominium accozding to the declaration thereof, dated August 1, 1974 and recorded in O.R. Book 230, at page 2201, inclusivQ of the Public Records of St. Lucie County, Florida, together with all the appurtenances thereto, all according to said Declaration of ~ Condominiwn . ~ Subject to all the provisions of the Declaration of Condominium and exhibits thereto and any and all restrictions, reservations, easements,licenses and including a lease recorded in O.R. Book 226, at page 558 of the public records of St. Lucie County, Florida, phich the mortgagors assume and agree to perform and abide by. ~ ~ ~ ; ~N~ oF Q R~{. ~ - ' ~ `N Qa~•'' `e~ F .r~ S TAT ~ ~ ( T ~ lJ ' G~e~~` eE 1~t5 ~f FLa. ~ . . D~~Uf,AEti~AR . STc.MP ~ ~'~`~~t1i~~~y?~ . ~ ~ Q ( ~i'' U~~i:EVEh ~E .jTk~ . ' ~,CE~C~ t~,Q~E-~ QQ~ ~C\E ~ = Qe.= f- ,5~'~~~~ 2 9. 8 5 1 ~`ovE-°~ ~~0~ ~~~?~~S~c~~ o = i ~~~R ~ c~- ~ ~-~ether with all and singulsr the renements, hereditaments and appurtances thereunto belonging a in anywise appert~ining thereto, and all rent~, issues, ~ :-oceeds and profits accruing and to acuue trom said premises, all of which are induded in the above sr?d fore9oing destription and habendum. TO HAVE AND TO HOID the above described and g?anted premises unto the said MORTGAGEE, its s~ccessors and sssigns forevN. And the Nid ttl E'1 I ~ O R I G A G O R f a k e i r t, e z e c u t o r s, a d m i n i s t r a t o r s a n d a s s i g n s, h e r e b y c o v e n a n t i w i t h t h e s a i d M O R T G A G E E, i t f s u t t e u d s a n d a s s i p m, the a xe ~ ~ ~~,ar IawfuBy se~zed of the said premises in fee simple; that the same are iree, desr and discharged from all liens and encum- ~ ~.-a~cea in lew or in equity, and that they w~ll and thei r heirs ihsll w~rrant and defend the title to the same to the said ~ l ~ RTGAGEE, iq successws and assigns, forever against the lawful claims and demands of all persons; PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEf the promiuay note hereinbefore dewibed and shel) truly, ptomptly ,~-d fully pcrform, d~xharge, execute, complete, comply with and abide by each and every the stipulatio~a, sgreements, condi?fons and tovenants of said ~ ii~VR1:SSWY note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void. ff tT IS UNDERSTOO~ lhat the word "Mortgagor" whether in the singular o? plural snywMere in this lAortgage, shsll be singular if one on~y and ~ ,~;it be plural joiMly and srverally if morc than one, a~d that the wud "their" as used anywhere in this Mortgage shall be taken to mean °his; "'hen;' ~ ''iu," wherever the context so implies w admits. Alw, that wherever thero is a reference in tF~e covenanb and ag~eements herein contained to any of W ~ •~e parties hereto, the ssme shall be construed to meen as well as the heirs, legal representatives, successws and assigrn (either vol~ntary by acf of the ~ ~ ~:arr~es or involuntary by operation of the law) of the same and that the covenaMS herein contained shafl bind a~d the benefits. and advantayts inut~ c rhe respective heirs, legal represenfatives, successors and ass'gns of the pmies hereto. ~ And said Mortgngort, fw themselves and their heirs, legal repreuntative~, successori a~d assigns, hereby jointly ~nd severally covenanf and pree y ~ +o and with the said NIORTGAGEE, its iuccessors a~d assigns: ~ 1. To pay sll and singular the prirxipal and iNerest and the various and aundry sums of money payable by virtue of said promitsory note, and thi~ ~ ~ortgage, each and every, promptly on the days respectively the same severally become due. ; ~ 2. To pay all and singular the taxes, assessments, levies, I~sbiliries, obligstans and encvmbancet of every nature ~nd kind ~ow on said destribed ~~t property, or that hereafter may be imposed, suffcred, placed, fevied, or assessed thereon, w that heresfter m~y be levied a assessed upon thi~ Maty- ~p age, w the indebtedness secvied hereby, each and every, when due and payable, xcwding to law, before they become delinquent, and befwe ~ny interett o~ atreches or any penalty is incuired; AND INSOFAR AS ANY TNEREOF IS OF RECORD THE SAME SHAII EE PROMPTIY $ATISFIED AND DISCHARCaED OF RECORO ANO iHE ORIGINAL OFFICIAI OOCUMENT (SUCH AS, FOR INSTANCE. THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAttY ENDORSED OR CERTIfIED) SHAIL BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that any thereof ii not pa:d, sat'sfied and d~scharged :a:d MORTGAGEE may st any time pay the same w any pa?t thereof without waiving or afFecting a~y option, lien, equity or ~~qht under or b~ v~rtve of this mortgage and the full amount of each and every such payment shall be immediately due and paysble and shall bear interest t~A d~« +~r•eo~ ~:r+ l« d a+ rate of nme per tentum per annum and together w~th svch interest shall be secwed by the lien of rh's r.+orgrzge _ m~: ~a~ .~?•wr~~ "`~-`7,~~"ar ; . ~ ~ ~ - ~ ~ ' S ~ ~?r.