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Home My WebLink About0142 - THIS WUENTURE. Mad~ ttx iSLh day of ~c~mber A.O. 19_ 7S betwean SUDOATH VAN_ LINES: INC. , a Florida Corp_orat ion _ of St . WClQ Ccunty Fla~da, hereioafter designa~ed as the °MORiGAGOR,"'and FIRST fEUEkAI SAVI!~GS AhD IOAN ASSOCIATION OF FORT PIERCE, ~ caporat~on organized and ex~s~ing unde~ ~he laws o~ the Un~~ed Stst~s of Ameriu and having it~ pri~uipal plac~ of buiineu in tlw City oi Fwt Pi~rc~, St. luci~ Co~nty, flaida, herei~ai~er deaignafed ai th~ "MORTGAGEE." WHEREAS the MORTGAGOR is jwtly indtbted ro the MORTGAGEE in the sum of s_4'a~.4OOaO0_.___ qood and fawful money uf the Un~ted Srates sdvanced by the MORTGAGEE uMO Iha MORiGAvL~R, as evidenied by a cer~ain pro~niasory note of e+en date herew~rh, of v~h:ch the iollow~n~ in worda and figures is a trw copy, to-wit: ~ 44~ 400. 00 ~ 10021715 _ Fort Pierce, florida, - ~~e~~= 15 19~._ for value received, 1, we ut tither of os, prom~se to pay, w+thout defalcation, to the ordrr of FIkST fEUERAI SAVINGS AND IOAN ASSOCIATION Of f(~RT DIERCE al fpt Pierce, Horida, the sum os _ 44~4000. OO w,th inrerest from date at the rate of 8! 9._°o per annum, in monthly inslall• ~nenls aa fol!ow~: j_373•~~ on the ?Oth day of __JdnUdl]I__ ,~g76 and a like sum on the correspor~~ng day of eath moMh there- after uniil thc whola be fully paid. Eath ins+allment first shell be applEed in paym.eN of the interest and ~t~BR on the unp~~d balance of the princ:pel sum. li de(auh is made in the F>a~•~nent of ~ny insta~lmenl when clue, and wch defavh tominues 30 days, theo al 1he option of the hoider, and vvitho~t any ott:e~ not~ce, all Ihe rema+ning :nstaltments shaU be due and payabla at once. Privileye is giren to prepay this nete in whole or in pan at any t~me without penahy. Neither fwe5earance, f nor accep~ance by the hoider ~he.rof atter any deiault in a~~y paymenh hereon, shall be decmed e,ctens~on. A lare payment charge of s__ 18! 6~sll be added ro each instalZment rcmai~ing unpa~d 7 day• after its due date, and a tike sum shall i~e added ro each wch instaitinent rrmainir.g unpaid 7 days after each succeeding payment date. Each makrr, surety and endorae~ hereof, ~o:m~y and severally, waives dem;~nd, preseromeN protest and ~once of protest 10~ nonpayment, and further agrees fo any extension ot ~~me of payment, either before or ~fter maiurity, without no~ice to any of us; and to pay all co:ts of colleclion, including a ~easonable a»orney's fee in the event of any defaub hereunder, and hereby severally waives alf benefit of homettead and eacmption undrr the constitutAn ~ and Iaws of each State ot the United States, as against this obligation or any ex~ension w renewal he~eof. ; w~t~esa the hand and seal oi e~~a ty. SUDDA?H VAN LINES ~ INC. ? ~a M1 BY: S/ A. Q. Bell, President ~~p 's • i ' ~ (SEAI) CoYporate Seal Aff ixed ATT6ST : 5/ Richard H. 9uddaEth, , Chairman of th~ Board ~ S66 . 60 1 State Revenuf " x • NOVU, THEREFORE, the MORTGAGOR (w the purpox of securing payment of said sum of : 44 ~4~.00 and ths~perfo~maixe of tM covenants and agreements hereonafter expressed, and fw diven aood a~d vatuable tonsiderations, by these presents, does grant, barpain, sell, ~emise, re!eaae, convey and conf~rm unto the MORiGAGEE, itt suc:essor~ and auigns, all that certain lot, piece or parcel of land, ti~uste, lyi~, erw being in ths County of $t . WCle and State of Fbrida, dexribed as fo!low~: i v,~: ~ a.5~~- ~n~- ~-~.~-J,~~7 Condominium Parcel No. ~'~`'t!!~ CAPS?AN I, accor ing to t~ie Declaration of Condoniniua thereof , recorded in Offcial E2ecord Book 232, at pages 619-711 of the public recozds of St. Lucie County, Florida. SUBJECT to terms and conditions of said D~eclaration of Condominiu~, the ~ Articles of Incorporation, By-Laws, and Declaration of Covenants and Restrictions of Ocean Villa9e Property Owners' Association, Inc., vuith which.terns and conditions the aortgagor covenants to comply and perfom. ~ By agreeaent of Mortgagor and Moztgagee on file with Mortgagee, the within oortgage secures not only an existing indebtedness, but also ADVANCES to be HERE- ' AFT~R made by Mortgagee to Mortgagqr, the aggregate of whiCA will equal the principal ataount specified ~ in the prooissory note secured hereby. G ` ~ - T,~.T~ '.;F- ~ ~ ' I t ~P ~ IN MYMENT OF TAXES € ~ _ ~•.f ~M~~'~.~~~ ~ STitti~T'_~.. Rf.~~ ~ • ~ f . L ~ ~ t ~ ~ : ~ ~ • ~ ~ , f DIIE ON CU~9S 'C' 1!(TA1161BLE /f RSON.IL PRO?ER (Y~ i . 4~~-~ i pppSllANT TO CWIPTER 71-13~/. IIGTS OF 19~1.~t ~ _ _ ~3 ~ t~ ~ ( ~J ? pp6lR POITRA.S -~a" . ~ CLERK CIRl:IlIT COUfA, tT. L11CIE 0 0., f i 1 l. ~ ` ; ~ ~ together with all and singular the tenements, heredit~menb and sppurtantes thereunto belonging or in anywise appertaining therero, and all rs~ts, issues, prxeeds and profin accruing and to accrue from said p~emises, atl of which are included in the sbove and fwegoing dewiption and habendum. € TO HAVE ANO TO HOLD the above desuibed and granted prem;ses unto the ssid MORTGAGEE, its s~ccessws and assigns forever. . And iM faid ~ MORTGAGOR for heirs, executas, administrators and assigns, hereby covenants with the said MORTGAGEE, its tucceswn ~nd ~uipm, ? ~~a~ 1L 1S _ ~awfult xized of the said pte; that the same are free, clear and dixhar ed from ~II liens and entum~ y premises in fee sim g ~ brances in law a in equity, and that lt will and ltg heiri shall warraM and defend tM title to the samt to tM s~id ~ MORTGAGEE, its successors ~nd assigns, f«ever agsinsl the Iswful claims and demands of all persons; a ~ PROVIDED, AlWAYS that if the MORTGAGOR shatl pay unto the MORTGAGEE the promissory rwte hereinbefwe deuribed a~d sMll truly, promptly - ' and fully periorm, d~xMrge, execute, compkte, comply with snd ab~de by esch, a~d every the stipulationi, agrecmems, conditions ~~d covenanri of said promissory note and of this Nbrtgage, then this Mwtgsge and the Estate hereby ueated sha!! ce~x and be nul! and vo~d. ~ IT IS UNDERSTOOD that the word "Mortgagw" whether in the singulsr or plurat anywF~ere io this Mortgage, shall !x singular if one only ~nd ~ shall be plunl jointly and ieverally if mwe than one, and that the word "their" as vsed anywhere in this Mortgagt shall be laken to mean "hn;' "hsn;' R;~ ~ or "its;' wherever the context so implies w admits. Alw, that wherever there is • reference in the covenants and sgreements herein contsined to any of c r rv rhe p+rtief hereto, fhe same shall be construed to mean as well ss the hsirs, legal representatives, successwt and sssigns (either voluntsry by act o1 fM 1 ~ parties or inrolunUry by operstion of the Isw) of the same and that the tovenants herein contained shall bind and the benefits and advantages inun ~ ~ to the rtspective heirs, te9al representatives, successors and ~u'gns of the parties hereto. ~ And si~d Mwtga9on, fo~ themsefves and their F?eirs, legal representatives, succestors and suigns, hereby jointly and severally covenant a~d apne ~ to and with tlx said MORTGAGEE, its successors and augns: ~ y. ~ 1. To pay sll and sinpular thc principal and imerest and the various and sundry sums of money payable by vidue of iaid promissory nofe, snd tha ~ matgage, each and every, promptly on the days respMively tke same severally become due. ; X 2. To psy atl end s+ngular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nsture a~d kind now on said describ~d ~.i ~ ~ prc~perfy, or that here+fter may be impo~ed, wffered, plated, kvied, w~ssessed thereon, a tMt hereafter may be levied or assetsed upon this Mort¢ ~ ~ age, or tht indebtedness secured F~ereby, exh and every, when dve snd psyable, xcwdiny to law, be(ore they become deli~quent, and befwe any intadt ~ attaches o~ am penalty is inturred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAIt BE PROMPiIY SAiI5fIE0 AND DISCHARGED OF RECORO ANO THE ORIGINAL OffIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACtION PAPER OffICIAItY ENDORSED ~ OR CERTIFIED) SHAII BE PIACED IN THE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NF%T AFTER PAYMENI; arx) i~ the event that any thereof is not ~ paid, satsfied and discha~ged sa;d MORTGAGEE may at any Gme p+y tF~e same or any pert thereof without wsiving or affecting sny option, lien, equity or ~ •~aht vnda or by virtue of this mortgaye and the ful~ amount of each and every such payment shall be immediately due and payable and shatl bear interest ~ ~rom the date thereof until pald at rare of n]ne per cenr~m per annum and together w:th such interes? shall be secured by the lien of th:s morgtaye. ~ . ~ _ ~ ~ - ~ ~ „ k ~~~,s~. ~ . a , - - ~ ~~~.`~t-= _ - _ .