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•~nrs as iol!ows: _ on th~ day oi - _ _ 19_ ~nd a Gke sum o~ th correspond~ny day o~/ each montn t re-
,rrer until the ~olr be fully pa~d. ~
Each ins Il~nrnt first shali tx ap ~rd in pey~nent ol t ~r.terest and then on ehe npaid balance of the princlpa~ sum. If fault is msde in ihe
;;meni of an instaiNnent when due, nd such drfault conti ues 3U days, then at ihe op on of the hoider, an withou~ an~ clher tice, all Ihe r sining ~
~•:sralimenta s il be due and paya~ie ence. Pnvr.egr is ~en to prepay th~s note in le or in part at any time without penahy Neither fwe arsnce,
~,or accepran by the hotder thrreof~after any default in y payments hereo~, shall deaned extension. !ate payment charg of ih~ll be
:,d=d to ea ins~a~tment remaininc~u~pa~d 7 deys after ' s due datr, and a I~ke sum hall be added to eac such instaUment re ining unpaid 7 days after ,
~,~ch succ ing pay~r.ent date.
Ca maAer, surety snd en orser hereof, jcintly nd se+crally, wa:ves de.r.an , presrntment protest nd nofice of protest w nonpayment aod further
a~rees t any extension of r~me o payment, e~tF~er befo or after maturity, wi~heut not~ce to any of us; and to pay all co s of collecti includ'+ny a
~~.~son le atrornry's fee ~n the vent of any defauit ereunder, and hereby seve~ 11y warves all benefft f homestead and e mption under constitutan
,,d fajvs of each Stare of the lh~rted Srates, ss aga~na fhis ob;~gation or any ext s~on a renew r f.
Witness the hand and leal of each party. t
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NO~+V, THEREF~RE, ~he MORTGAGOR (o~ the p~.:rpose of securing payment oi sa:d sum o+ s 31,900.~ , and the pe?form+r+ce of tl+~ s
=o:enants and agreemenp hereinafter expressed, and ior d~~ers good and valuable considerations, by these presents, does gront, bargain, sell, remise, -
~._aie, convey and conrirm uroo the MORiGAGEE, its succeswrs and assigns, all that certain lot, piece w parcel of land, situate, lying, and being in 1M
Counry of $t • L~ 1~ and St t of Ffo~ida, described as follows:
~+t ~ ~D 7 7' O D O/~f
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C~nd^miniun Parcel N~. 611 ~f CAPSTAN I, acc^rding t^ the Declarati~n ~f
C~ng^ninium there^f, rec^rded in ~tficial Record B~+k 232, at pages 619-
711 the public rec~rds ~f St. Lucie C~unty, F1^rida.
S[BJEC2 t~ terms snd c~nditi^ns ^f said Declarati~n ~f C~nd^oiniu~, the
Articles ~f Inc^rp~+rati~n, By-Laws, and Declarati~n ^f C^venanta and
Restricti~ns ^f ~cean Village Property ~wners'• Association, Inc., with x
which terms and c~nditi~ns the a~rtgag^r c~*venants t^ c^oply and pert^rm.
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~ _ s~ ~~n~~~ME;~:AR?' , STAPJ;P`fr ~ ! / ~o
u~ .;F ..~Y~_*~~~"t ;'f3_!~>• i p~~.~/~/~ ~ _ ~h ~'AYMEI(i ~Of
TA1(}ES
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<<, ~ ..,,_<<'7;.~'°-; . • ~ ::tS Of U1L
f m _ F 8. + PURSUAKI TO CliA.^' F= i: 1 -
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. CIERK C1i1~11~T ~K1K{, i1. Mri:1E C0, FU1.
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; By agreement of M~rtgag~r and M~rtgagee ^n file with
Mortgagee, the within a~rtgage secures n~t ~nly an
~ existing indebtedness, but als~ ADYANCES t~ be HBRB-
€ AFTBR aade by M~rtgagee t~ I?Mrtgag~r, the aggregate
; which will equal the principal aa~unt specified
~ in the pr~aiss~ry n~te secured hereby.
z rogefher with all and singular the tenements, hereditaments and appurt~nces thereunto belonging w in snywise ~ppertaining therefo, and al) rents, issues,
;;~oceeds and profits accruing a~d to accrue from said prem~ses, all of wh~ch are included in the above and foregang desuiption and habtndum.
~ 'O HAVE kND TO HOiU the above described and granted premises unto the taid MORTGAGEE, its ~uccesson snd +ssiym foreve?. And tFw qid _
- .'.ORTGAGOR for theiL---- heirs, executors, administrators and assigns, hereby covenants with the s~id MORTGAGEE, it~ s~ccesfon and ~siipro,
~ rhar -Sh~~re-- lawfully se~:ed of the said prem~ses in fee s~mple; that the iame are iree, ctear and diuharged from ~II liens ~nd entvro-
~ orantes in law or in equity, and that th@Y will and their hein shall wsrrsnt and defend the tiNs to the same to tht said ~
. ~es ;
V,ORIGAGEE, its successo~s and asugns, forever against the lawful daims aRd demands of all persons;
PROVIGE0. ALY~AYS that if fhe MORTGAGOR shal! pay unto the MURTGAGEE the promissory note hereinbefue deuribed and thall fruly, prornptly y
= ar.d fully perform, d~uharge, execute, comple~e, comply with and abide by each and every the stipulations, agreemenb, conditarts and covensnri of ~aid ~ ~
promisory rate and o( this Mortgage, then this Mortgage and the Estate hereby created shal) cease and be null and void.
' IT IS UNDFRSTOOD that -the word "Mortgagor" whether in the singular w plural anywF~ere in this Mwtgsye, shall be singul~r if one only ~nd ~
~ :hall be plural jointfy and severally i( more than one, and that the word "their" as used a~ywhere in this Mortyage shall be f~ken to me+n "hif," "hers;'
= o• "its," wherever the context so implies or admits. Also, that wherever there is a reference in the covenants and agreemeots herein tontained to a~ryr of ~
d the p~rties hsreto, the same shall be construed ro mean as weit as the heirs, legal rep~esentatives, successors ar+d ~uiyr?s (either volunqry by act of tM
parries o~ involuntary by ope~atioo of the law) of the same and that the covenants herein contained shall bind and the benefits and adwnq~tt inw~
~o the respective heirs, legal representatives, successors ar.d ass~gns of the parties hereto. ~
~ And said Mortgsgors, for themselves and their heirs, Iegaf repre:entatives, successon aod ass~gns, hereby jointly and severally covenant and apree ~
=a !o and with the said MORTGAGEE, its successars and assign~: .
' 1. To a all and si ular the nnci el and interest and the various and sund sums of mooe abte b virtue of said omis note, •nd fhis ~ ~
; P Y ~9 P P ~Y Y P~Y Y W ~?Y
- mortgsge, each end every, promptly on the days respettivPly fhe same seve~ally become due.
~ 2. To pay •11 and fing~lar the ta:es, assessmen~s, Icv;e~, Iiabit~Hes, obligations and encumbrances of every nature ~~d kind now on said dsstribed ~
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property, w thal hereafter msy be imposed, suffered, platcd, levied, or assessed thereon, a tMt hereafter may be levied or usested ~pon this Mortp- "
age, w the ir.debtedness tecured hereby, each and every, when due and payable, accordin~ to law, befwe they become delinquent, and befor~ any inter~q Q;
~ a't~ches a any penalty is inc~rred; AND INSOFAR AS ANY THEREOf IS OF RfCORD THE SAME SHAII BE PROAIIPiIY SATISFIED AND DISCHARGED OP
RcCORD AND THE ORIGItvAI OFFICIAt OOCUMENT (SUCH AS, FOR tNSTANCE, THE TAX RECfIPT OR THE SATISfACT10N PAPER OFfICIAIIY ENDORSED
OR CERi1F1ED) SHAII BE PLACED IN THE HANDS Oi SAIO MORiGAGEE WITHIN TEN DAYS NEXi AFTER PAYMENT; and in the event that any fhereof is not
G:a~d, sat sfied and discharged sa d MORTGAGEE may at any time pay the same or any pan thereof without waiviny ot effecting any optioe, lien, eq~ify w ~
~ •~aht vndcr or by virtue of th~s mo~tgage and the full amount of each and every such payment shall be immediately due snd payabk end shall bea? inter~ft
~.om the da}e thercof u~t~l pa~d ar rate of n~ne per centum per ann~m and together w~th wch inte~eft shal~ be secured by the lien of th'f mwgisge.
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