HomeMy WebLinkAbout1548 ViVR.~ I V -
TNIS ~NUE~ M.d. tti• 29th ~y ust ~?.D. t9_Zr2.. bNw«n (
Rextord & Madsen BuildeYS~, Inc.+ a lorida CorDOration ~
~
~ St_ LuC~e ~ ~q~nty FbrWa, h~r~inaft~r dNipMt~d a 11» "MORTGAGOR," ~~+d FIRST fEDERAI SAVINGS AN~ IOAN
ASSOCtAT10N OF FORT ~IERCE. • aorpaatan o~nis~d and ~xiuinp w+d~. th~ laws d 1M Uniqd S~~ta of Am~riu and Mvinp 1» principal pl~a of
businp~ M tM CM~? of Fort Plka. St. lud~ Cow+ty. fbrW~, ha~ln~ha dafpMt~d a tl» "MORTGAGEE."
WHEREAS tM MORTCsAGOR is wstly ir~b~~d b tM MORTGAGEE in tM wm of f 28 pood u~d Iswful naewy of tM Unit~d
St~ta adva+nd by th~ MORTG/~GEE w+~o th~ MQRTGAGOR, a~ ~viderK~d by a n?tain promisiory ~ot~ of ew~ d~t~ 1?Kwvi~h, of which tM fdlowinp {n
word~ ~nd fipurN N• trw aopY. lawit:
~ 28.000 . 00 ~,b 10021555 _
~ p~~ August 29 ~q75
Fw v~lv~ nceiwd, 1, vw a~itM~ of vs, p~omis~ ro pay, without defdwtio~, to ~M orde~ of FIRST fEDERAI S/~VINGS AND IOAN ASSOCtATlON OF ~
FORi PIERCE at , Wrt PIKw. Florida, th~ wm of f 28 , w~rh imK•at f.om d~t~ ~t tM ~u~ of 8• 7~ pa annum, in nwnlhiy imt~IN
m.~+n roi~ = 231.00 a, ~ 20th ~,y ~ December 1975 ~nd • Ilb wm on the oone~pondirg d~y of ~ach nanth t1+Kr
,fre. umii th~ w1wt~ b~ fvly pa~d.
Each irotalkewnt firat sh~ll b~ appii~d in p+ym~nt of th~ (nter~at u~d thN+ on tM ~mmpsid balanc~ of ths p?inc~pal wm. if def~ult b rn~d~ in tM
paYm~nt of ~+y Nutalim~nt wMn dw. and wch dsfwh contiows 30 days, fhM N tM optan of tM Fa1dN, u~d withow ~ny wMr rotic~, all H+e rem+ininp
irubl4nN?b sluU bs dw and payabl~ af a~a. Privil~ is yiva~ to P~~P+Y thb noN in whoi~ w in part af any fim~ without p~n~lty. f~Nitl~ ia~b~aru~a,
nor ~oo~pfu~o~ by th~ hoidK th~nof ~her ~ny defauk in snY MY^~^h h~reo~, sh~il M d~MNC! exta?sion. A i~te p~ymenf d»~ o~ 3~2.55 ~ tl+~li b~
~dd~d to wch ieaullmK?~ r~L~inp w~p~id 7 days aftK ib dw d~t~, and ~ lilu wm sF?~il b~ sddad to esch svch lnstallmeot remalninp w~psid 7 daya ait~r
~ach wcoNdi^a P+ymN+t dab.
E~ch m+ka. sur~ty and endase~ Mrwf, iointy and awKdly, waiws dem~nd, preser?tm~nt protest and notio~ of pra~st for noopayma+t. ~od fwtMr
apnes p a~y ~xtsnsia+ of tie» of paymant, eitlar b~fore a ahN msturity. withovt nw~u to any of us: a~d w p~y dl cosh of colkction, Includ'mp ~
reasonabb atroraey's f~e in tl» ~~nnt of any defavh herwndN, and he~~by severally waives all b~nefit of homestead and exemption wida? th~ wroti~vlbn
and laws Of Nth SbM of tM lJ~ifN! St~tes, ss pairot thls obliQitipl pr any ~xt~ntioe or r~newal herwf.
vrmNSS ~h. h~nd and s.a1 oi .ach pany. RB?CRORD & MADS6N BUIL.DERS, INC .
(SE~?Q
Corporate Seal Altixed . BY: ~fC. John Rexford, President ~
~w
ATTEST: s/kichard G. Madsen. Secretar~
~ S 42 . 00 ~ Stat~ RwMw~
(5w~~-oMnll~i ~n-~.i~iw~F w~t~i
NOW, THEREFOrtE, tM MoRTGAGOR fo. eM pwpos. of Nevrtno wr~•nr of saW swn of i 28 ~ O~O .00 and th~ p~riomuno. of th~
cov~r?b and ~~nenb hsninaftw ~pes+sd, and for divsn pood and valu+bM coroidNations, by th~ pres~nts. dws y~aM, barpslA, s~ll, nrnisi,
reka~, tonwy ~d oor?f'um unb fh~ MORTGAGEE, Hs woo~swn and assipn6 dl that cKtain bt. Pi~a or parpl of I~nd. ~itwt~. I~np. w~d b~inp In tlr
~~~y St . I.t1C 1@ . a~d Staf~ of Florida, ducrib~d ss follows:
Lot 6, Block 103, PORT ST. LL~IE, SECTION 27, according La the Plat
thereof as recorded in plat book 14, pages 5, A thrv I, of the PuDlic -
Records of St. Lucie County, Florida.
,~~a~ - ~ 3c~ C~ ~
By agreement of Mortgagor and Mortgagee on file ~rith .
Mortgagee, the pithin mortgage secures not only an
existing indeb~dness, but also ADNANCES to be HERE- -
AFTER made by Mortgagee to Mortgacor, the aggregate
of ~?hich ~vill erual the principal amount specified
in the promissory note secured hereby.
~ ST TE QF FL.CJRiDA ~ . -
DOCUME~i7ARY SJAMP iAX ~ ~ ~ ~f ~
~FPT. aF R~vEt+v~ ~`t ~ ~ ~ ~yrpM~?E ~ ~ ~*nrnl
' N ~ ~ n'~?, ~
~
j ~ pa~~~ s~ y~ 42. i ~~~~~~~u~~My
~ o = ~~~oz ~ ~ . w
~ • c.~ a~c~~
~ . . . . , ~
roo.?M. ,wirh «~a .irgv~.. th. ta,.men+., h...ditsmems .na .ppurt.no.. th...a,w b.laginp or In a~r~rb..PVut~k~Mg th..ew..ne al~ nM., ba?a.
proc~ds ~nd profi» aarui~g ad to ~cvw from s~id premiws, all of whid~ ~n ir~dvdad in tM abw~ and forpoinp daaiption snd Fwbandan.
~ TO HAVE ANG TO HOLD Na ~bow dacribed a+d ~an»d pnmbes u~o th~ s~id MORTGAGEE, its wcuawrs ~nd asQpns fonwr. Md th~ sdd
~ MORTGAGOR iw thQir h.in, exea,ron, adminisn•~as .nd assi~~, her.by ow.nann wirh tM sNd MORTGAGEE, in woaaon and .wip~M,
( ~ thev
a,_, re _ lawfully wiz~d of th~ said premiia in fe~ irnplr, tMt tM ~~nw ~n frM, d~ar and diahup~d kan dl U~ns and ~nainr
€ '
E b~.no~. In ~.w « in .aaitr. .nd rh.* thev win and the ir I~&a shan w.?r«n .na dsf«+d tt+. rirb w+~+. we. so th. s.w
AtiORTGAGEE. Ns woaaors and assip% for~wr p~inat tM lawful cla6ru and d~m~rds of dl qrwms
PROVIDED. /1LWAY5 eh.r if tl+. MORTGAGOR shall pqr unro rh. MORTCs/?GEE 1he prami~.ory nw. h.rEinb~for. davib.d and ~h.ll fndy.
~ ~nd fully p~rform, d'+alwrp~. ~x~cvtt, caePbt~, complY with and abidt by e~ch and ewry th~ stipulatiom. +pr~, coeditions ard eov~rw~ts d~idao
' promiuay not~ and of this Mortpap~, tMn tlaa Matysp~ and th~ Estate hereby atated il+~ll aast and b~ nult and void. o~p
~
` IT IS Ut~ERSTOOD tlwt the wwd Mortyapor' wh~tl+er in tlr sinpvlar or plural ~nywFw~ in this Mortysp~. ~hall b~ sinpvlar ff oM onfy and
E ihall b~ plurd ~ohtly and a~vKdyr ff mon th~n one, and that tht word "tMir" a wed ~nyvvlien in this Monp~ shall b~ tak~n ro mean "hh." "h~n."~
R or '
i~s." whsrwa the caneut w impliws a dmits. Ako, tMt wherewr then is a nf~renc~ tn th~ cownants ~nd apr~nants l~nin aomaimd to anp d~
~ tM p~rtia h~reto, tM i+m~ ~hall be oonstrwd to nw~n as well a the hebs. I~pd npres~ntatiws, woc~sson aed assipro (~itha voluntary by ~d of the~
E WNia w involwn+ry~ bY opuatioa oi th~ law) of th~ sarr~ and that tM coven+nb ha~in cont~inad sh+ll bind ~nd th~ b~ntfits and ~dvam~p~s 4wr~.
~ to th~ ~tip~ctiw Mi?s, b0+1 rpraaN~tiws, waeswn and ass~u of the parties hatto. ~
~ Md safd IVIlaryayas, far tliseaelws ~nd N~eir hein, bp+l rprasnativ~s, wac~sson and ss~fpm, ha~bl? ~oir?tly and wvenlly aov~n~nt and
ro ~nd with t!» s~id A110RTGAGfE. i~s sucauors and a~siyna: ~
~ 1. to p+y all ~nd sinpvl~r th~ printipal and intarat and the vuian and wndry sums of nanty payabl~ by virtw of ssid promiuory noM, and this~
3 matp+p~, tach and w~ty. W~P~~Y d+Y~ ~~+P~~~1? the ~arne stwwllr b~ta~w dw.
~ To pay ~II and ~inpelar tM tax~s, aswssm~nts. 1~vi~s, liabiliti~s, obli~tiom and ~neumbranas of wNy natw~ ~nd kind now on said elMafb~d
~ propKty, a thM I~afN~ m~y b~ impoNd, wH~nd. P~+ad. levisd, o~ ~a~ss~d MMr~on, a NMt MnaftK ma~r b~ levid or wewd opon thls Maf¢
p~, or tM k~d~b~dnsu wc~K~d her~by. ~ad~ ~nd ~wry, wMn dw ~nd p~y~bb. ~ooordinp to law, b~fon they b~ca~~ ddjnqveM, and bt(on ~r M~bewf
s an~clws a~ny p~mhp b intwreds AND INSOFAR AS ANY TNEREOf IS OF RKORD THE SAME SHAIt 8E PROMPTIY SATISf1ED AND OtSClIARGED OF
~ RKOR~ AN~ THf ORIGINAL OFFICIAI DOCWYIEM (SUCH AS, fOR INSTANCE, THE TAX RKEIPT OR TME SATISFACTION PAPER OffK1ALLY ENOORSEO
~ OR CERTIf1E0) SHALL 8E PLACED 1N THE HAN06 OF SAID MORTGAGEE WITHIN TEN OAYS NEXT /1FTER iAYJY1ENTj and in th~ fv~nt MN aMr fMr~of R nol
p~id. ~at:sfi~d and disch~rp~d s+Ed MORTGAGEE may at ~ny tirn~ pay tlw ~ame a~rqr part tl~ereof witlw~t wa'niny or affectirg any option. lian. puity a
~ •ipM w~d~r a by virt~e of this mortpape ad t!w full amouM of ~acF? and ~very such payment shall b~ imrnediately dw Md payaW~ ud sh~ll b~x im~r~st
~ ~rom flw dat~ thereof until p~id at rate of nin~ per centum per snnum ~nd toyNhe~ wltl~ such interqt sMll be ~ecured by the tien of th:s moryt~.
F.. . :-`"r-'~ , r~'~-'. 1-~ . _ .a~wa...., -
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