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CHl?NNEL PROPERTIES, INC., A Flar ida Corporation _ ~
of SL . LN~:1@ - ~~M F~~~ ~~~fiM dNip~?ahd ~s th~ "MORTGAGOR:' ~nd FIRST FEOERAL SAVINGS AN~ LOAN ~
ASSOCIATION Of fORT PIERCE, ~ oapaation ap~nis~d ~nd ~xiatinp w~d~r tM laws of t!w Uni~~d Sa~q of Am~riu ~nd Mvlrp tq pri~cipd plau of
bwinNS in tl» Gty o~ Fo~t Piwc~. St. luci~ County. Fbrid~. Mr~in~ftK d~tipeaqd a th~ "AAORTGAGEE."
WHEREAS th~ MORTGAGOR i~ ~atly ind~bld b tIN MORTGAGEE in 1M swn of = 7, SO~.~O , y~p~ ~nd I~wful mw+~y o1 th~ Uoit~d
Statp adv+nnd by tM MORIGAGEE u~to th~ MORTGAGOR, a~vid~nc~d by ~ cK~~in promisswy not~ of evee daq M~wvi~h, of wh~ch 1M fdlowinp in
wotd~ and fipw~ is ~ In+~ oopy. towit:
= 7. SOO. 00 ~,~0 10021486
Fat PIKC~. Fio~id+. .TU 1 Y Z 1~ 19.~_
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For valu~ r~aiwd, 1. vw at ~itM? of w, prom~ to paY, withoW ddalcation, to th~ order of FIRST FEUERAI SAVINGS ANO IOAN ASSOCIATION OF 4
FORi PIERCE at fat Piac~, Florida, tM wm of i 7 ~ 5~~• O° w;~h inreres~ from dat~ st ths rate of ~_76 pa* annum, in monthly Gatall- ~
ma+n a foltowu t 77 • O0 on tM ~h day of ~ntembez ~9_~~ and • like ~wn on the correspoi+dinp day of e~ch month tl?Nr e
aftK until the whol~ b~ fully p~id. '
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E~th inst~ibn~nt iint shall b~ appti~d in p~ym~nl of tM int~rosl and the++ on tM unpaid balance of ths p~inc~pal sum. If dei~vh'is en~d~ in tM
payment of any i~nallmee?t wMn dw, and s~xh defa~lt continws 30 days, then ~t th~ optio~ of the holder. and without any oth~w~ic~, ali ths rem+ininp ~
inst~l4nenri ihall b~ dw and paya~k at onc~. Privil~ is 9iven to prep~Y thia roh In whol~ or in p+rt ~t ~~y time without pe~~lty. " Neither faeb~sru?c~; ~
nor ~cc~ptanc~ by tM holda tMnof ~hN ~ny defauh in any payments hereon, sMll b~ deemed exteniion. A Iste payment char~ of t~-. sh+ll b~
added to each i~+tqllment remaininp unpaid 7 days afia ib dw dat~, and a like wm shall be added to e~ch such installme~t rem~ini~g unpaid 7 dayt ~fMr
each wcaadinp p~yment dat~. -
Each mska, surety and ~ndwss~ herwf, jointly and sever~lly, waiv~s dem~nd. prese.~tment proTest ~nd ratiu of potest for na+payment, and furtha
agrees to a~y ~xten~an of tim~ of paym~nt, eitMr befon o~ aftK m~wriry, without oorice to any of ut; and to p+y ~II cotts of coflection, includirp a
reasonsble atto~ney i fee in ?he event of ~ny defwlt hereundN, ~nd h~reby severally waives all benefit of homastesd and ezemption w~de~ tl» cautitutio~
and laws of each State of tFw United St~tes, as ~si~nt ~his pblipatio~ or ~ny exte~uion or remw~t herwf.
v~rrnas rM h~nd ar~d sed of exh P..ty. CHANNEL PROPERTIES~ INC.
, _ _ w , ` BY ; S/ Korbin l.aiminger, Presiden~w
.
o , ~ ~ ' R~?q
Corporate Seal Affixed -..ATTEST: S/ John T. Brennan, Seczetary~
~$11.25 Treasures~
a St+te a~wnw
NOW, THEREFORE, th~ MORTGAGOR fa the purpow of ~ecv?irg p+ymem of s+id wm of ~ 7 ~ SOO . 00 ~~~~a,~~ of th~
covawnb and ~pr~sments her~inah~r ~xpreued, and fw ~ven pood and vslwbt~ conside?atio~s„ by thes~ pesent~ does ~r~nt, bar~~f~, self, nmiss,
releaw, oonwy ~nd tonfirm unto tM MORTGACEE, its wouswrs u~d ~uipns, all tMt tMain bt, piet~ or pared of Tand, titeis» lyinp, w~d b~kg in tM
~~M pf St . 1.t3Cie t and St~t~ of florida, d~scribd a fdbws: ,
Lots S and 6, Block 2, PALI~R TERRACE, as per plat thereof on file in
Plat Book 3, page 86 of the public zecords of St. Lucie County, Florida
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~ . . . . . . . . . . . . . . . . . . . . . . . . • • gpCFlym iq WIYMENi OF T1f~
E 0!~ ON dAY ~C' qfTAliOIOIE ~ERSOWAL PROPERtY.
~ PURSIlAKi TO qiAP'ER 71•13t. ACTS OF 1971~1 ~
k[Y rv Pclr'~~ :
~ CLERK CIRGlIT Gi..i:i. s:. L,il;~c 0p., EU1.
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topNMr witl~ all and sirgvlu th~ tenemenn, hereditamenb and ~ppurtances t!w?a~mto belonpin~ w in anywia~ appertaink~p tMrrto. ~nd ~II nms, kaws
prou~ds and pofin aonuinp and to acvw from said premises, all of whid~ an iodudsd ~ tM abow and forpoirg d~wiption and h~bendwn.
TO HAVE AND TO HOID th~ abow desnibd and ~rsnted premises unto tM said MORTGAGEE, ib wocRS~as ~nd assigm forewr. Md th~ s~W
MOltTGAGOR fw 1 t S hein, executors, administr~ton ~nd assiyra, hereby covenants with tM s~id MORTGAGEE, its succ~s~on and as~ipn„
~ rMt lt 15 ~uly ~e'~zsd of rM ssid prema~s in fe~ ~impl~s th~t tlw s~ne an fne, dear and diulw~d fran dl ltam and ~ncvnr
~y brances in law w in equity, and that i t will and 1 t 5 beirs sh~tl w~raM and d~feod tia titl~ to tM s+rtw to tM s+id
¢ MORTGAGEE, ib suaessors ~nd ~ssipra, forever ~yairat tFw lawful cl~km a~d damands of all pKSOro:
~ PROVIDE~. ALWAYS th~t if tls~ MORTGAGOR sA~ll pay unto tM MORTGAGEE th~ promistory nob hereinbtfon d~stribsd and shall fr~ly, prom~tl
~nd fully perform, d'acha~, ea~cut~, eo~ipbtt. con+P1Y with ~nd abide by esch and e~rery 1M stipulatio~s. +4reene~nb, taxlitian and oorv~ts d sPai~jtl
~ promiuory not~ and of this Mortyaye, then thb Mortpsp~ and tM Est+te her~by wated aMll aase and M nvll ~nd wid.
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IT t5 UNDERSTOOD that th~ word "Mort~aQa" whether in tM iwgul+r a plwsl anyvrhan in this Matype, shatl M s&g~lar H a» only ~r~'
~ sMll be plwal jantly and swerally if mon than one, and th~t ths wad "their' u wed anywh~n !n this Mortpaps sh~ll b~ taken to mean "I~is,•• •'Mn
~ w"ifs.° wfierwer tFN cont~xt so implies a sdmits. Abo, th~t wherevN ther~ is s ref~rarce in the coven~nn ~nd a~r~ms~n herein oontsi~wd to ~ny ~
t rM p~rties her~to, tlw wne shdl b~ caat?ued to mean u well as tM heirs, ls~al npr~senfatives, wocesso~s and astipm (eitMr vol~rntary by act of t
~ partia or involumary by operation of th~ bw) of th~ s~ne ~nd tMt th~ covensnn her~in comained shall bind and th~ bKwfi» and advam~s Inur~
~ to tM rap~ctiw heirs, bpd represent~tivp. wa~swn ~nd su~ym of tM pWti~s her~to.
' Md said Mwtyaqors, for th~mwlvn and their Mirs, leyal ~epre~ntatives, wa~ssors and auipm, twr~by jointly snd s~vKa{y co+r~nant and apr w
~ ro ud with th. said MORTGAGEE, in woustiws and asipns:
~ 1. To p~y dl and sirgvl~r th~ principal ~nd intKnt a~d the varian and wndry sums of monsy p+Y~bb by virtw of said promissoty rwf~. and
mortp+p~. ~+ch a~d ~wry. PromPrly on tF» dap rsspaetively tl» saen~ tewrafly b~cane dw.
~ 4. To pay all aid sLgular th~ taxes. ~a~s~m~e~fs. Iwies, liabitities, oblipations ~nd ~ncwnbr~non d~vNy natur~ and kind now on said
~ prop~?ry, a th~t haeaftM m~y be irnpos~d, wffaed. P~+ad. Iwied, a.a.ss.d rhe..a~, or tMt M.e•fle. mar b. levwd w as~and ~ipon this Matp~
~ .p~, or th~ Indebt~dew~s s~cwd Mr~by, exh +nd ~wry, when dw and p~yabb. +ccadinp w law, befon thep becam d~lirqwm, and b~fw~ anp Mq~na
~ anathe! w ury ptna~ty is inwrred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAIt 6E PROMPTIY SAi15F1ED AND DISCFiARGED OF
~ RKORD ANO 1HE ORIGINAL OFFICIAI DOCUIMENT (SIJCH A5, FOR INSTANCE, THE TAX RKEIVT OR THE SA715FACTION PMER OFFICIAILY ENOORSED
OR CERTIFIED) SHALL 6E PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYJNENt; and in th~ eve+~t th~t ~~y tMrwf ie no1
paid, saY.sfi~d ~nd disch~ryed se:d MORTGAGEE may at any t~me p~y the same w any pa~t tMreof withovt w~ivinp or sffectirg any option, li~n, puity a
~ ~iqht under w by virtve of this mortyape and tM full amount of esch and wery such paymem sh~ll be immediately due and psyabk a~+d shall b~ar iMaqt
~ kom the date thereof until paid ~t rate of nirw per centum per annum a~d to9ethe+ w~1h such interest sh~ll be secvred by the lien of th:s moryts~.
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