HomeMy WebLinkAbout0746 31`7922
THIS INDENTURQ /Yl~d~ the 26th day of S~.gt~sber 7
, A.D. 19_~.,, betwt~~
_ Willias H. Devlino and Shirley M. Devling~ his wife
of - St. ~.t1C~@ , Covnfy Florid+, Mr~inafler dtsi~nated as ths "MORTGAGOR," and FiRST fEDERAt SAVINGS AND IOAN
ASSOCIATION OF FORT PIERGE, • corpor~tion wp~niud and ~z~stirg unda tM laws ot tl» Un~~~d Stat~s of Am~rka ~~d Mvinp its principal piac~ of
b~,sin~ss b tF» City of Fon Pieru, St. lixi~ County~ FIOf~y IMf~IMI1~t dN~Mf~ ~a tFw "MORTGAGEE."
WHEREAS IM MORTGAGOR is ju~tty iodtbtsd to ti+~ MORTGAGEE in the sum of = 27 ~ 70~~ , good ~rK! lawful money of the United ;
StatK ~dvanced by rM MORTGAGEE unfo 1M MORiGAGOR, as evidenced by a ceruin promissory note oi even da~e herewith, of wfi;ch the foUowinp in
wads and fyuns is a rrw copy, ~o-wit:
~ 27,700.00 ~,i, 10021611
FoH Pierc~, fi«~d., SeptenbeY 26 19 75
ior valve received, 1, we o~ either of u~, promise to y, wirhout detalcation, to the order of fIRST fEDERAI SAVINGrS AND IOAN ASSOCtAT10N OF
FORT PIERCE at Fat Pierce, flwida, tM sum of = 27 ~ 7~O • w;th interesr from date at the rate of g• 7~f, pe~ snnum, in monthly inualN
ments as follows: = 245 ~ 2~~1 d,y of Noveuber ~9 75 and s like ium on the correspondinp day of each month tMrr
after unlil the whole be fully paid.
Each insbllment first ihall be applied in payment of ths interest ~nd the~ on ft+~ unpaid balance o( the prinNpal sum. If defauM is made in 1M
payment of ~ny instal~ment when due, and ~uch default conti~ves 3p d~ys, then at ths option of fhe hotder, and withou~ any other not~ce, ~U fhe remaini~g
insullmsnb shail be due and p~yable at once. Priviley~ is given to prepaY 1ha note i~ whole o? in part at any fime without per?alty. ~Neither fuebearance,
nor ~mpt~nce by the holder thereof aftcr default in any paymenb hereon, sMll b~ deemed cxte~sion. A late p~yment charge of = 1 Z~ 25 sh~ll bs
edded to each i~tallment ~emaininQ vnpaid 7 d~ys after its dw dat~, ~nd a like sum shall be added 1o each such installmeet remaining unp~id 7 days ahet
each wcaed~^9 WYment dste. .
Eath maia. ~urely and er~doiser hereoi, join~iy and severaiiy, waives dema~d. p+esentment protest and ~oiice oi proiest fw nOnpaymeni, a~d iwti+~r
agrees ro sny extensan of time of payment, either before w after matwity, without notice to any of us; a~ to psy all costs of collection, inclvdinp •
reasonabk anorr?ey i fee in the even~ of a~y default hereundcr, and hereby severally waives all bc~efit of homestcad and rxemption under the conatihAion
and laws of each State of the United States, si against this oblpstion a any extension a renewal hereof.
w~tness U,e h.na .od .ea~ of sach P,rtr. s/Willia~a H. Deviing
~SEAU
~ ~ ~ ~ ~ ' ~U
s/Shirlev M..Devlin9 ~
~ $41.55 ~ Stab Rewnw ~u
cst.w+~. wio.wi ....spind.n.r) '
NOW, THEREFORE, the MORTGAGOR fw th~ purpose of aecuring p~yment of aid wm of S 27 i 7~ .~nd the parform~ncq of th~
coven~nts ard a~rsemenq her~inafter expressed, and fa divers 9ood ~+d wlu~bl~ contideratiwn, by these preKnts, does gr~nt, barpain, ull, remise,
release, convey and conf'um unto tlk MORTGAGEE, ib s~coecsws u~d ~uiyn~, all th~t certain bt, piece or pucel of land, situate, lying, u~d beinp in tM ;
~~~ty St. Lucie ~nd State of Fbrid~, dewibed as fdlows:
.
Apartment No. 206, Building VI, of ISLAND }DUSB CONDOMINIUMS, Phase II, accoYding
to the Declaration of Condominiun and all exhibits thereto dated May 13, 1975, re-
corded July 10, 1975, in Official Record Book 241, pages 1626 through 1700, of the
public records of St. Lucie County, Florida, together with all of its appurtenances
according to said Declaration of Condoainiun and all exhibits theYeto and together
with all tenaments and hereditaaents thereLo bel+onging?or in anyaise appertaining
to said apartnent. . .
Subject to the terus, covenants, agzeenents, obligations and provisions of said
~eclarati~on of Cond~iniua and all exhibits thereto which the Mortgagor in all
things does covenant to Mortgagee faithfully to observe and perfoza. ~
By agreeaent of Mortgagor and Mortgagee on file with
Mortgagee, the within mortgage secures not only an
existing indebtedness, but also ADVANCSS to be HBRB-
AF'TBR aade by Mortgagee to Mortgagor,.the aggzegate
' ~ of which will equal the principal au~ount specified
; in the promissory note secuYed hereby.
- ~ ~n~,~-. _
; = _ ~ J I>. ~
j • r' ~ S T n r~ ~
• ~ :
. ~ RECfJyEp ~ - G
~ : : ~t , : ~ _ IN PM4IENT Of TAXES
i - - _.-y ~ ; ^'.!F Otf txl~ iil?J1iiW~„~ ~t1Al PROPERIY,
:~~~;s 4 I. 5 5~ ~il~ Tu c~uvrfR n-i~, ~crs oF i9n. ~
l - ~ ~ - - ~ ~ i~OrtJ1At
. ~ couRc s~ wc~'°°~,~...
I topMMr with aN and sirgvlsr fhe tene+nenb, hereditaments and spp~rtsnces ti~erewito belonging a in ~nywise ~ppert~ininq thereb, ad ~II r~n
~ proc~eda ~nd profin acvuinp u~d to xuus from said prem;ses, all of whid~ ~re inciuded in the abov~ and faa~oinp dacription ad hab~ndum.
~ TO HAVE AND O the above dewibed ~nd ranted
yOLD y premi~es vnto tM s~id MORTCsAGEE, ib suaeswn and auigro forewr. Md tM ~id
; t~eir
MORTGAGOR for lKin, exeanon, administnton and ~uigm, hereby coven~nts with the said MORTGAGEE, its arcceawn ~nd aulprr,
~ they are
i rhat lawfully ssised of the ssid premises in Ee~ simplr, that tlw sams are frN, cku u~d discMrged froen al) IiNa w~d ~ncum~
i brances in law a in puiry, snd thar they will and their hein shall warraM and defend tFr titb to the ssm~ to the s~W
MORTGACaEE, (n iucussws and sssgns, forever ayainsl th~ lawful claims and demands of sll perwns;
PROVIDED, AIWAYS that if ihe MORTGAGOR shsp p~y uneo the MORTGAGEE tF~e promis~wy ~ot~ hereinbefa~ dacribed and shall truly, promptly
~nd fully p~rform, d~scMrye execvt~, compkt~, comply with ~od ~bide by e~ch +nd every ~he stfpulatiau, apreemena, conditioos and ooven~nb of sa~d
promisswy note a~+d of this Mon9ape, then this Mwtyay~ and tM btate her~by ueated sfull ce~ie and be null and void.
' IT IS UNDERSTOOD tfut the word "Nbrtyapw" whether in th~ sirgvlu or plwal anywher~ ln this Mwtysye, ah~ll be sinpvlu if on~ only a~d ~C
` shsU be plural ~ointly ~nd ssverally if mw~ tMn one, and that th~ word "their" ~s used anywhe~e in this Nbrtysyt shall be f~k~n to mtan •'his,•• •'hen•• p~v
o? "its;' wherever the oontext w implies or ~dmits. Alw, that wherever the~e is a reference in the covenants snd apreements Mrein oontain~d to arry of ~w
tM pnties hNeW, tM sarn~ aMll be cor?strued to mean ~s well n the heirs, le9al representatives, wuessors and euipro leith~r voluntary by act of tM ~ w
partia a involunt~ry by operatan of the law) of the same and that the cova»nn F~ersin contained shall bind and rhe benefin •nd adv.nr.9es irNU~ ~
to the resp~etiw hein, Isyal represent~tivq, succeuas and asi~gns of the parties hereto. ~
` Md uid N1wty+Qors, fa themselves and their hein, lepsl repreientative~, successa~ and eui~ra, hereby jointly and sevKally cavtnant and apqt ~
~ to ~~d wifh tIK s~id JNORTGAGEE, id a?cc~isws ~nd usiyns:
1. To pay all and sinp~Ia~ tha princ;pal ~nd interest ~nd tM varian ~nd sundry sums of money payable by virtue of said promisswy note, ~nd thh
; mony~e, e~ch and w~ry, promptly on tM days respectively the same sev~rallr become dw.
j 4. To p~y •11 snd si~yular the taaes, auessmenn, l~vies, liabilities, obliy~tam and enc~mbrances of every nahn~ ~nd kind now on a~id dacrib~d ~
~ property, a that hereah~r maY be impwed, wlfered, plaoed. levied, or aswsted the~eon, a th~t he~esfta may be kvi~d or asseswd upon thi~ Morq-
~ ay~, w tM (ndebt~dness secured h~reby. ~ach and every, wF»n dw ~~d p~ysble. ~ccordinp ro bw, befws th~y becarw delinq~ent, snd b~fw~ any iM~r~st
attathes p+ny penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL BE PROMVTIY SATISfIED AND O15CHARGE~ OF
RECORD AND TME ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OfFIC1AllY ENDORSED '
OR CERTIf1ED) SHAII BE PUCED IN THE HANDS OF SAID NWRTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that ~ny tF~~of b no1 i
paid, saCsfied and discharged sa:d MORTGAGEE may at any time pay the iame w sny pa~t the~eof without waivirg w ~ffectinp any option, lien, pviry p }
•iqht under a by vi~tue of this mort~ays and the fvll amount of each and every such payment ~hall be immediately due and pay~bk ~nd shall bear intettst
~rom the d~te thereof until paid al r~te of nine per centum per a~num and toyuher w~th suth intere~t sMll be ucured by the lier~ of th:s morqtpe.
~
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