HomeMy WebLinkAbout0285 lY
~j~~ 3383:~8
THIS INDENTURE. lN~d~ tht day of ~ A.~. 19~?b bttw~
Ralph H. Knight and Ma?rie P. 8night, s vi~e
of ?~i• ~IlCie Cou~ty Flwida, hK~inaftK designated ~s tM "MORTGAGOR," and FIRST fEOERAI SAVINGS ANO l0/?N ~
ASSOCIATION Oi fORT PIERCE, a cwpaation ap~ni~d +nd existinp undN th~ lavin of tM Unit~d Su~~s of llm~riu ~nd Mvinp its prirxipd- pl~p of
buunas i~ th~ Gry of Fort Piac~. 51. lvci~ County, Flaida. Iw~ein~fter dt~t~ tIM.•• JCZAGE~_ ~
WHEREAS th~ MORTGAGOR h tvitly ind~bad b th~ MORTGAGEE in of ~ ~ Q0~ good +nd lawful moe»y of tM United
State~ advanced by tl+~ MORTGAGEE unto ~hs MORTGAGOR, a• evideoced by a cer~~i~ promissory not~ of ev~n dale herew~th, of which the followinp in ~
wads ~nd fiyu~ 1rw copY. ~o-wit: • 1~u922
: 1i9 ~ ~0 • ~
. • fwt P1KC~ flo~ld~. "°'J ~ 19 ~
Fw valw receiwd, 1, we or either of us, prom~ss tto. pa without d~falcatwn, to tM orde~ of i1RST FEDERAL SAVI 5 ANp IOAN ASSOCIAiION OF i
FORT PIERCE at Fwt PiKC~, Florida, the sum of ~+9~~~~~' v~ihlinteres from date ~t the rate of 8~? per annum, in monihly irubll- i
ments ss fottows: i~3 on ths d~y of J~e 19 7~ ~nd • lik~ sum on the co~nspo~d~~+p d~y of ~~ch month thsn- ~
afte? ~ntil 1F~e wF+ole be fulty paid. ' !
Esth installmenR first shall be spplied in payment of ths inrerest ~nd then on tM u~paid balsnce of the principal sum. If def~ult is rr.ade In fM ~
payme~t of any installment when dve, ar?d such defav~t tontinues 30 diy~, then ~t the optoon of 1M holder, and without a~y other notics. aU th~ remainin~ ~
inst~llmenb shall be due and pay~bte at once. Privile~e o Qiven ro prepay this not~ in whole w i~ part ~t any tim~ without penalry. Neither for l~s~raxe.
na ~cceptanu by tFw holdK the~eof •fter any default in anY p~Yments hereon. shall be decmed extension. A late p~yment chargs of ~~~1~. ~F?rll b~ d
added to sach insuilmaM r~mai~iny unpaid 7 days aite~ ils due date, and • like sum sFull be sdded ro each tuch ~se.u~„~ rem•~n~~ unpa~d 7 days ~her j
each wtceedi^9 P+Yrt+eat dat~. t
E~ch maker, surety and endorser hereof, jointFy and sever~lly, wa~ves demand, presentmeM p~otest ard notice of protest for rwnpsyment, ~nd fu?tlx~ ;
egroes fo ~ny extension of time of payment, either befwe o~ affer maturity, witF?out notfce to any of us; and to pay all costs of collectia~, lnctudirg a
reasonsble attoroey i fce i~ the evem of ~ny defavlt hereunder, aod hereby severalty waives all benefit of homeste~d and exemp~iw~ u~der ths cautitWion
and laws of each Stat~ of tFu United States, as sgainst this ob{igatioo w any extension w renewal hereof. .
~
Witness tM hand aod seal of e~ch party. ~
" (SEAU
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?.:~M~~ ~ ~ ~ UCv`~S-CGG cs~w
0 i~ 'C!I:Y , o ~ / ' ~ / A . (SE/1l)
~ YI~ZO~9iVMU!
('~?~f 11~C~Cl~'{'~1~1~~~1/~'~A1~~ t.
NOW, THEREFORE, tM ARORTGAGOR for the pwpose of secwing p~ymeM of ssid wm of S~39~~0'~ , and N~s perform~nu of th~
cow~ants. ~nd apreaments Ixreinafter expreaed. and ?w diven 9ood a.~d valwble conside.ations, by tF?e~ presents, does qr~nt, Earfl~in, s~ll, remise,
relcase, convey and coniirm unto the MORTGAGEE, its succeswn ~nd +uigns, all that ce~tain bt, piec~ or paicel of land, iituate, lyirg, and beirg ln ih~
Counry of ~~e and 5tat~ of Florid~, describad ~i fdiows: 11NA0~
31~t~~ 1?it`t5
Condominimn Parcel• No. l~1.5 of CAP3TAN I, according to the Declaration oY ~ S 2 7 9 3
ttillltll~;O~
Condaminium the~eo~, recorded in OfYicial Rscord Book 232, at pages 619-?11 -
N~ o~~-~
of the pnblic records oi St. Lncie Couaty, Florida. z 3D
Q m R+`~
SIIBJECT to term~s aud conditians of said Declaration of Candam3niam, tbe ~ c Dm
Articles of Incorporatian, By I,avs, and Declaratim of Cove~ants aad ~
Restrictiona of Ocean Village Property OrmeTS~ Associatim, Inc., xith :~ti ~
~hich terms aud caanditians the m4rtgagor co~veoants to co~mply amd perform. t~; -j)
- ~.~~r ,
ro
By agreem~e~t oY ~rtgagor aud l~fortgagee an tile Ki.t2i l~ortgagee, the ~
' ~i.thin mortgage secures not .mly aa exist3ng indebt.ec~ness, but also w~~,
` ADD~iCFS to be ~PTER made by Hortgagee to Hort8a6ors the aggre- ~-.[j~
gate oY xhich rill equ,al the pr3aciusl sm~ount specified in t}~e p~o- ~ p i>
missory note aecured hersby. - -
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i g~ ~ t11 P11~11F]tf Of T11XlS:
~ DlE ON pAS3'C IItTlNl611LE *ERS01'IAL PROPERiY,
pURSUAI(i TO CF111PTER 71-13~, ACTS OF lf 1.
; Ii06ER POITA~114 ~
!
& a~nc ciacun oo~mt, ~r. u,c~E ao. Fu
~ t ethe~ with all snd si ular the tenements, heredi~amenb and s unsncea thereunto be ~
{ 09 ^9 PP b^9~^p w in anywise ~ppenainusp tt~er~ro, ~nd all nMS, isaw~.
~ p.oceeds and profib xvuing and to acuue from s+id premises, all of which ~re included in the above +nd fo?s9oinp d~ioription and h~bendum.
; TO HAVE AND TO rOW the above dewibed and gr~nted premi~es umo tht said MORTG/16EE, its suaessw~ ~nd assipns for~v~r. And tM ~aid
s MORT~~Qjt fo~e ~e~'Z, heirs, exec~tas, administntws ~nd asi ~s, her
in[l6~/ S[' . '9 ~Y ~+~ri with the said AhORiGAGEE, trs wcusson .nd assisns,
; rhst lawfully se~zed of the said premucs in fee simple; that tF~t same sre fres, cka? and disch~rped from al) liens and ~ncun~
i b?aMes in law a in equiN, and that~ will and hein ~hsll w~rrant ud d~fend the.titk b 1M Nm~ to tM ~aW ~
MORTGAGEE, i» successws and assigns, fwevcr egsintt the Iawful claims ~nd demands of ~II per~om; ~
PROVIOEO, AlWAYS tMt if the MORTGAGOR shall p~y unto tM MQRTGAGEE the promissory note hereinbefore described and shall fnrly, ptomptly ~
and fully perform, diuMrge, execute, tompkte, comply with ~nd ~bide by each snd wsry the ttipul~tiau, ~yreemenri, tondNioro and aor~n~nb of s~id ~
promissory rate and of this Mortgsge, t}ien this Mortgage and the Estate hereby aeated thall uas~ ~+~d be nvll and void. ~
IT IS UNOERSTOOD that the word "Maty~~or" whether in the s~ngular or plurat anywher~ in this Morty+~, ~II be sinpular if on~ only and `
~ shall be plwa) jointly and severally if more lhan on~, u+d that the word °tF?eir" as used ~nywMn in tha Mortyaye sFwll be taken to msan •'his,•• •'Mn;• ~
«'tits," wherwer the context w implies or ~dmits. Also, tMt wherever there is • refe.ence in rl,e coven.nn ,nd .~reemenn Mr~in oont~ined ro any d i
the p~?tie~ hereto, the ssme aMtl be cw~strued ro mesn u welf u the hein, kyal r~presenta~ives, wccessors u~d usipra (~itMr wlunt~ry by ~ct of th~ ~
pa.tiei w imoluntary by oper+tion of the !aw} of the same snd that the covenants her~in coMained shall bind ind tM ber»fils and advu~t~p inw~ ~
ro the r~spectiw hein, lepal repesentatives, wccessors ar+d asr9ns of the parti~s hereto.
t Md said Matys9w~, for fhemselves ~nd their hein, ley~l repr~ssntatives, succeuwt and auiprn, hereby jointly and wvKally coven~M and ~yr~
j ro ~nd with tiN ~aid JNORiGAGEE, its wccesias arid ~uig~s:
i
' 1. To pay all ~nd si~gubr the princip~l and inte~pt ~nd tM variovs and wndry sums of money payable by virtw of said promissory note, ~nd thi~
F inatpape, each and wery, promptly on the dayt rtspectively th~ same sw~rally becomt dve.
2 To p~y all and ~inpul~r N~e taxe~, atsessmenri, levies, liabiliti~s, oWiyations and encwnbr~nces of ~wry rutw~ ~~d kind now on said dticr~d
property, a that hereafter may b~ impo~ed, wff~red. Placed, kvi~d, or ~ssessed thcreon, a tt~at I~e~fter may b~ kvi~d or ~ues~ed upon tl+is ~
s ay~, a tM ind~btedness s~cvred hereby. ~ach and ~v~ry, when dve and payablt, accordi~q to law, befa~ they becorri~ delinqvent, u~d b~for~ any tnta t~s r
~ ettathes p~ny penalty is incurred; AND INS~iAR AS ANY THEREOF IS OF RKQRD THE SAME SHAII 8E PROMPTIY SATISf1ED AND OISCHAJtGED OF
RECORD AND THE ORIGINAI OFFICIAL DOCWNENT (SUCH AS, FOR INSTANCE, THE TAX RECEfPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSE~ ;
OR GERTIFIED) SHALL BE PIACED IN THE HANDS OF SAtD MORTGAGEE WIIHIN TEN DAYS NEX1 AfTER PAYMENT; snd in th~ event tMt any thereof is nw
paid. saYsfied and disch~rqed sa'd MORTGAGEE may ~t any time pay the same w sny part the~eof witFw~t waivinq w ~ffectir+p any option, litn, puity p
; •pht w~der w by virtue of this mortga9e ~nd the ~ull smount of each and every such paymeM shall be immediately dve and pay~bk and ih~ll bea~ ieterest ~
` ~rom ti+e date thereof until paid at r~te of nine per centum per annum ~nd topether with wch interest shall be secwed by tM lien of th's morptap~.
~ E f~
~ 254 ~A~E 285 . ~
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