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iH15 INOENTURE. IIMd~ 1h~ 28th day ot Au~tiS~ A.O. 19?S bewrttn ~
-az~rQ ~2. ComnlQto~ a sin~~,~ a
of - St. Iucie C~~y fiorid~, ha~inait~r d~siynated ~s 1M "MORTGAGOR;' and i1RST FEDERAI SAVINGS ANO IOAN
ASSOCIATION Of fORT PIEtKE, a twpar~non ay~ni:rd ~nd ~xis~inp undM ~M laws of tM United Stu~s of Am~~iu and havinp tq principif plap of
Duunfss in tl» Ciry oi Fwt P;t~c~, St. luci~ Covnry, Flor~, hNeL»ffe~ dniynat~d as ri+~ "MORTGAGEE."
WHEREAS, ~M MORTGAGOR is jvitly ind~bted to tFy MORTGAGEE in 1M sum of = a2 ~ood and lawful money of th~ Unit~d
Staees advanceJ by IM NORTGAGEE unto the MORiGAGOR, ~s evidenced by • ce~uin promiuory nols of ~va+ date her~wilh, of which IM ioilowinp tn
words ~nd fiyures a a tnre copy, tawir:
~ d2,200.00 ~ 13000127
Fort Pi~rc~. Florida. ALtAL1St 28~ 19~~2
Fa val~e received, I, wc w eithe~ of ui, promise to y, without defalcation, ~o tha wder of FIRST FEbERAt SAVINGS AND IOAN ASSOCIATION OF
F02T PIERCE af For1 Pisrce. Florida, the sum of =~2 ~
Z~~'~ with interc~t f~om dat~ at the tste of 8•~ per snnum, in monthly initalM
:~•a~rs as foftows: = 340•00 on the 2Otf1 d~y of ~tO~Y 19 75 and a lik~ svm on the careipaKlinp day of esch month therr
arrer until the whote b~ fulty paid. .
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Each iratallmsn? fiist shall be appl~ed in payment of the intcrest ar+d ~he~ on the unpa~d bala~ce of the princ~pal wm. If defauh M m~ in t!n ~
~aYmero of any imtallment when due. and such defavit contin~es 3p dsri. then a~ iho op~;on of ths holder, and without ~ny other ~otKe. ~II the remai~inp ~ '
~nafeliments ahall be due and payable at once. Privifeye is qive~ ro prepay this rate in whol~ o~ 1n part any tirtK withoW p~ndty. Neither foreb~aranu,
r.o. acc~ptenct by the holda+ tAereof after any deiavN i~ snY paYmenq hereon, sF?all be dee~ned extension. A I~N psyment th+rys of = 17 ~Ii M
~d~~d ro each iro~aNment rcma~ninp unpa~d 7 days after its dus date, end a Iike sum shall be added to each such irutaliment remaining u~paid 7 d~y~ afUr
each sucteeding payvnent date.
Each maker, surety and endorur htreof, jdnNy and seMe~ally, waires demand, preseMment protest ~nd notica of protest for rqnpayment, and fvrther
agrees to any ex~emion of tirne of payment, either before or after maturity, withou~ nor~ce to s~y of ds; sr+d to pay all costs of collection, includ~np a
re3sonabk atewney i fes in the event of sny default heteunder, aod hereby asvera0y waives sfl be~efit of Famestead and extmption undar the constitvllon
and laws of each State of the United States, as against this obligation p any eYtens~on o~ renrwal herwf.
Witness the Mnd and seil of each Farty.
~ ? ~ ; ~ (SE~U
'`d f,_ S/ Lazaro !2.~Gbmpleto, a sin4~deilt
ts~t~
63.30 ) Ststs Reven~e . ` ~U
i5tae+p~ ewi~elie+i ~ow ~ripirr!-nok)
NOW, THEREFpRE, the MORTGAGOR foi the purpou of secvring payme~t of siid wm of ~
42 • 2~ , i~ ~~{a~y~ pf hy
covenants ud ag~eemen?~ hereinafter expressed, and for d'~vers pood and valwbl~ considerations, by tMs~ presMts, do~s prant, baryain, sell, remise,
re!ease, ca?vey and confirm ~nto the MORTGAGEE, in s~ccessors and assigns, all that ceruin Iot, pieoe or parcel of I~nd, situate, lyirg, u?d beinp in 1M
Couny of St . 1_LCle and Sate of fbrida, dexribed u follows:
^ Condominium parcel 823 of CAPSTAN I, according to the Declaration of Condominium
thereof recorded in O. R. Book 232, pages 619 - ~l~ of the public records of
St. Lucie County, Florida. -
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SUBJ~CT to terms and conditions of said Dec ration of Condominium, the Articles
of Incorpozation~ By-Laws~ and Dec L~ration of Covenants and Restrictions of
Ocean Village property O~mers Association, Ine., with which terms and conditions -
the mortgagor covenants to comply and perform.
Ry agreement of Mortgagor and Mortgagee on file with Mortgagee, the within
mortgage secures not only an existing indebtedness, but also ADVANCES to be
t~EnF,AFT'ER made by Mortgagee to Mortgac~or, the aggregate of which will equal the
pzincipal amount specified in the promissory note secured hereby.
N STATE ~ ~
DOCtfMENTARY ,,,F S~RQDA,
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° DEPT. Of REYENUf a` • s ~ , RE(~JYED ' IN PI~YMEM OF TA7~3
N
_ ~ s~r.s•rs . ' ~ s 3. 3 0 , - ouE or~ a~ ~ iKriweie~ ~nso~ ~n,
1ii02 ~ PURSUANT TO CHAPTER n•134, ACTS OF 1971. rn~ ~
. N06ER PORRAS ~
Cf.ERK CtRq11T COIIRT. SL lt1Clf C0, fl/l
~o;erher witFt dl and singuln tM fenemenn, hereditamenri and appurt~nus thereunto belagir~ w in anywite ~pp~rhtnirg ther~to, and aN t~nq, issws.
p~«eetls snd profits xuuing ~~+d 1o accrue from said premises, all of whid~ ue included in th~ abow uxl
fonpoin0 dqaiption and hab~nduen.
TO HAVE ANO TO HOID the above desuibed and granted premises unto ths uid MpRTGAGEE, ih waeuws and sssipns fortwr. Md fh~ said
h'IORTGACaOR fw hl s-_-- he;rs, executws, administrators and aui~ns, hereby oovsnu~n wirh tM wid MORTGAGEE, iri woc~s~ws and ~
t~,at hP ~ S fawfulty se~zed of tM said premis~s in fee simple: that th~ s+me an fr~e, cka? and d'acharped from all lism and ~ncun•
Erances in tiw or in equity, end that he will and • h15 hein sha1) wuraM ~nd defcnd th~ title ro tM uen~ To tM s~id
~r.ORTGAGEE, its successon snd assiyns, foreve~ apairut the lawiul cla'~ms snd dem+~ds of ~II personst
PROVIDED, ALWAYS thst if th~ MORTGAGOR shall pay w?to the MORTGAGEE the pran~aaory not~ hereinb~fae desuibsd ard sMll hvly, promptly
and fully pe~lorm, disch~rge, e~cecute, compkte. comply with and abide by each ar~d every the itipulations, sQreeenents, conditions and tov~nanb of said
o.omissory note and of this Morrgage, rhen this Mwtgsge a~d tFro Es~ate hereby ueated shsll cas~ and be null and void.
IT IS UNPERSTOOD that the wwd "Mortyspor" whe~her in tM singulsr w pluwl ~nywher~ in this Morty~ye, shall b~ sinyular if on~ only and ~n i
sha11 be plur~l joimly and severally if more fh~n on~, snd th~f the word "their" as used anywlier~ i~ fhis Mortyap~ ahal! be tak~n to rnean "hb„" •'h~n,'• p
o~ •'irs;' wherever ths context so implies a sdmits. Also, that wherever the~e a ~ nferenc~ in th~ cov~nann ~+d prsemenb herein oorMained to any of
r~e partics,hereto, the same shall be consnued to msan aa wetl as fhe hein, ky~l npresentatives, suaessws and assipm (eitfrr volvnbry by ~cf of th~y~ + '
pars~es w;mroluntary by operat:o~ of the !aw) of tM same and that the covenann herein contairrd shsll bind and tl+~ benefin and ~dvuitay~s Gwr~ ` y ~
+o ~he respeaive heKS, leyal representsrives, wccessora aod au~gns of the parti~s hereto. i
Md ssid Mo.tyagors, ia rhemselves and their hein, le~al representstives, arccesias and assip?a, hereby jointly and rwaally oova~+nt aed prae ;
to and with the said MpRiGAGEE, iri wccessas and assiyns: _ ~
1. To pay dl ~nd ainyulu the p~inc;pal and interest and tF~e v~rious ~nd wndry swns of mo~xr p~Yabb by v(rtw of ssid prom~ssory not~, u~d tF~is ~ i
mwt9~ge, esch ~nd ~very. prpnptly on the days respectively the same sew?ally becom~ due.
2. To ps~r all ~nd ~inyvlu the qxes, auessmene~. Iwies, IiabiliY~es, oblpatio~s ~nd encumbanas of ~vay rywr~ and hind now on said
propMty, a that he.eah~r nuy be irt~posed wffKed, ptaad. levied, a suesaed fhe~eon, a!Mt Mre~N~r may b~ levied or psnkd upp~ this µprl~•
age, a tM indebtedness secured hereby, each snd every, when dw and p~y~bk, aaordiig W law, befon they becan~ d~linq~rent, ~nd befor~ ~ny M~tu~at ~
atraches ot a_n~r
penalty is inturred; AND INSOFAR AS ANY iHEREOf IS Of RKORd THE S/~ME SHALL sE PROMPitY SA115fIfD AND ~lSCHARGfD OF
RECORD AND 71~ ORIGINAI OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIP7 OR THE SA715FACTION PAPER OFfIC1AllY ENOORSED
OR CERTIPIE~) SHAII BE PIACED IN THE HANDS Of SAID AhORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENTs +nd 'un ihe ~verM fhst any tl~eof is no1
paid, sat'tfied and discharged sa:d MORTGAGfE m~y et •ny time psy the ~ame a any part thereof without wiirirg or affettiny arry optioe+, li~n, equity ot
•~qhr under w by vinue of fh~s mortyaye and the full amount of each and every wch payment ihal) be inxnediately due ~nd p~y~bk and shall bear interpt
~ro~+- fh_ da~e +he.ec! ~r.t~i pa'.d a~ .are of nine per centum per ann~m and together with such interdt sha11 be secured by fbt lien of th"s morgtage.
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