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Each ~nara ment iirat shall t~e applied in paym nt of the intrrest a d the~ o~ rhe unpa balsnce of *e pr~nc:pal ~u~n. If de(auN mads in 1F?~
~~rment of any nsrallment when~ue, and such defa It continues 30 day the~ •t the oprion f the holder, aAd without any~other nolice, all the ~emaioi
r~~taUments shal tx dve and pay !e af once. Privil e is yiveo to pre thi~ note in whole w In pan at art~ t~me withou~ nalty. tJeith forebear
no~ ~cceptance y~' . ' •~•^~v~na ~•~rr. •hrl~ k~e extension. late p~yment rg~ of sh~U
added to each insta ~ added to eac such inst~llme remaininy u id 7 d~ys ~ r
each sutceedi pa• ~ - t~ -r , _ - -r- . , ~
Each aker, : . i~~`,- r t--- T-' ' .nen1 protest nd notice of pr~test for nonpa ment, ~nd fu ~
agreestoa axren. ' "'`j'T' any of us;%and to pay all tosts of cofl etion, includi ~
.rasonable aTforney' s• ' all benefit;bf homestead ar~exemption u the consti Yao
,"d laws f each S• . ' - =~:.-:,,v~-. - v ~ ~ ! ~ewal herebf. ~
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c~ ..a . ' . • ~ ~ ~
i~ness the . . _ ~ ,
` - - - - - - - - - ~ (SEAU
(SEAI~
(SE/?l1
$34.80 ~ ~
State Revenue
1
~ ' 23 200 00
NO+N, 1HEREfORE, the MORTGAGOR fo~ the purpo~e of tec~ring p~yment of said sum of = ~ • snd the performance of th~
covenaNS ~~d ~greeme~ts FKreinafter eap~essed, e~d fw d~vers 9ood and v~lwblt con~iderat~ons, by thes~ presents, does grant, bar9sin, s~ll, rem~se,
~r~ease, convey ~~yd•cw?iirm unto th~ MORTGAGEE, its successora ~nd asaiyns, all that canain lot, piece w parcel of land, iituate, lyin9, •nd beinp in tM
i Lucie
County of and State of Flaide, dewibed a~ follows:
r~partment No. 304, Building VII of ISLAhD HOUSE O~NDOMIi\IUMS, PHASE II,
according to the Declaration af Condominium and all exhibits thereto
~ated May 13, 1975, recorded .1uly 10, 1975 in Official Records Book 241,
pages 1626-1700, of the public records of St. Lucie County, Florida, ~
together with all of its appurtenances according to said Declaration of '
Condominium and all exhibits thereto and together with all tenements ~
_znd hereditaments t_hereto belonging or in anywise appertaining to said ~
! ~~partment. _ i
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~!'~3JECT to the terms, covenants, agreements, obligations and provisions of
said Declaration of Condominium and all exhibits thereto which the Mortgagor
; in all things does covenant to Mortgagee faithfully to observe and perform.
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; '?y agreement of Mortgagor and Mortgagee on file with the biortgagee, the ~
: within mortgage secures not only an existing indebtedness, but also ~
_ :'~DVAKCES to be HERFAFTER made by Mortgagee to Mortgagor, the aggregate ~
> ~~f which will ec~ual the principal amount specified in the promissory E
~ note secured hereby. Wo ~w~ ~
i REC~IYED ! ~
~ DUE ON CU\SS 'C' IKfMIG1~lE !'ERSYIIAL /~PERir. • ~
~ Pu~,+wT ,o c~u?.~•fs n-~y?. ~crs aF ~n.~~ 6 i
~ IIGBER POITMS
WF~If d~IMf OdNti~ 81. MlqIE 00, ftA
~ rogetFxr w~th all and singular ~he tenements, hereditamenti •nd •ppurtances therevnto b~longiny or in a~ryrwi~e appertaini~p tl~er~fo, ~nd ~11 tMts, iwua,
~ ~,rocceds snd prof~ts accruing and to +cvw from said premises, all of which are included in tFK abow ~nd fw~poinp dncription u~d Fuber~dwn.
u TO HAVE AND TR HO~O the above dew7bed and gnnted premiset unro tM ssid MORTGAGEE, its sucuswrt and supro fa~wr. Md tM s~id
Y MORTG R fa h 15------- heirs, eaecutori. ~dminisrra~ors ~nd auigns, hereby cov~nann with tF~e aid MORTGAGEE, its sucus~ws and as~ipn~,
~ha! -~e 1 S lawfutly se~zed of the said p~em~ses in fee timple; that tM ~ame are frea, clesr and discharyed from all liero and ~ntvnr
' brances in law or in eqvity, end that he W~~~ t11S heirs ihall warrant and dtfend tF~e titlt b tM surw to t1N pid
~ MORTGAGfE, its successors and ass~gns, forev.er ags~nst tM Iawful cl~ims and demar?d~ of all persans;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE tM promiuwy note hKtinbefw~ desttibld and sh~ll truly, p?ompfFy
; and f~lly perfum, discMr~~, execvte, coenplete, comply with and abide by each +nd every the atipulations, ~yre~m~nb, conditiaa ~nd oov~nanb of Nid
promifsoty note •rd of this Mortgaye, tlxn thii Mortgsge and the„E~tate her~by aeated shall u~s~ u~d be nul) ~nd wid.
IT IS UNDERSTOOD that the wwd "Morty~gw" whether in ths iir?pular w plural ~nywhere in ihis Mwt9age, sMll b~ sirg~lu if on! only and
shall be plural jointty ~~d kverally if more tha~ ons, and rhat tlx wwd "~heir" ss u~ed anywher~ i~ this Mortyay~ ahsll b~ takee~ to m~an •'hk" •'h~n••
or "its," wherever the context so implies or admits. Alw, that wherever there is ~ reference ~n rF~. core~a~n and a~ree~„enn here+n coma~,.d ro a~y of
^ the psrties hereto, the same shall b~ construed to mean ~s well ~s the heirs, lepal representative~, successors and augnt (eitha volum~ry by ~tt of tiN ~
: parties or involuntary by operstion of tM law) of the same and that 1he covenanh hetein conNined si~sll bind and the b~nefiri ~nd adranfap~s Irwr~ ;
i '6 ro the respectivs heirs, 1e9a1 re{xesentative~, tvcussors ~nd ass~yn~ of tM puties F~ereto. ~
i ~ And sad Nbrtgayors, iw themselves ~nd their hein, leyal r~presentatives, succsuon ~nd ~ssipra, her~by jointly ard MVNiII~I cov~nant ~nd pr~e ;
r~+o and with ~he said MORTGAGEE, its successon and ~ui9ns: ;
$ 1. To pay atl •nd sirgul~r tF?~ principal and inrerdt ~nd the wrious and sundry svms of moneY paYable by vinw of said p~omiswry nof~, a~d thh !
~ maty~ge, e~cl~ and every. promptlY on tht d~ys rtspectively the same sever~lly becor?w due. ;
~ ^
~ 2. To pay ~II and unyulu fM u,ca, useismenq. I~vies, liabilitia, obliyatiar ~nd tncumbranc~s of ewry natw~ ~nd kind now on ~aid d~wib~d {
= property, a that FIt/Nf1N may b~ imposed, wffered. Pfxed. Iwied, a~wued thtreo~, a that her~after may b~ Iwi~d or ~s~eswd vpon thia Mor1~ ;
~ 9e, a tF» ind~bredneu secured her~by. ~sch and ~very, when due ~r?d payable. ~ccadirg to law, b~fa~ they bocom~ d~tinqueM, a+d b~for~ a~y ImKat ~
~ ttacnes a any penalty is incurred; AND INSOFAR AS ANY iHEREOF IS OF RKORO THE SAME SMAII 8E PROMPTIY SAtI5F1E0 AND ~ISCHARGED Of
x ECORD AND THE ORIGthAt OFFICIAL DOCUMENT (SUCH AS, fOR INSTA'VCE, THE TAX RECEIPT OR THE SATISfACT{ON PMER OFFIGAILY ENOORSEC ~
K R CERTIf1ED) SHALL BE pUCED IN THE HANDS Of SAIO MOATGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; a~d in tFw ~wm th~t ~ny fhu~of it not
? paid, saC~fied and d~v:.hugcd ~a:d MORTGAGEE may •t •ny t~me p~y the same a~ny part tl+ereof w~thout w~irir+p o? affectirg a~ryr option, lisn, puity p
` •pht undcr a by virtue of this mo~~ga9e ~nd the full ~mount of euh and evey ~uch payment shall be immedi~tely dw and pa~abl~ ~nd thall btu intKpt
- ~.om rhe date thereof ~ntil paid ar rate of n~ne per cenrum p~~ •nnum •~d toyether w~th tuch intc.est shall be setured by tF+e lien of th:f morptq~.