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FORT PlERCE at Port Piacs, Flwida, 1he sum : interesf from d~te at IM ate Yo pa u~nvm, ie monthly instal{- 1~
ments ai fo1low~: j on t day of , 19 ~nd • lik~ su tF?e carespa~d~np day of esch month t
afrer ~ntil the whole be fuily paid.
Exh inst~liment first shall applied in p~yment of ~hs eresi and then on ths unpaid snce of the p+lntip?) strm. If defauh h in tM i
FaymeM of any insultment w dw. ~?d tuch defautt ca?ti 3p d~ys, IhM at th~ option th~ holder. and without any otFie~ nol'~u, th~ remaininp
;~,iralim~nh shall be dyr~ end yabk st once. Wivil~e i ven to prepaY this raN in w w in p~rt at a~+y tim~ withart pen~iry. for~bNrana.
rw? ~cuptanu by ths therwf afar any d~fau n~ny paym~oq twraon, ~it daem~d ~xt~nsio~. A lat~ paymsnt tharp~ ~ . ~hall b~
added ta tuh irata! t.sm+in;np w~pa~d 7 da ~fta its dw d~t~, x~d a lik~ ~II b~ addad to each wch in~t~ilm~nt r u?Inp u~id 7 d~yf ~it~ i
each wccMd'inp pa t dart. - ~ ~
Each m~ , surety ~.~c1 wndaser f, jointly and teverslly, w~i demand, presentment profest and ewtip ot tat for no~npsymsnt, a~d fvnher
agrees ro an xtension of time of pay t, eirher beforo or siter m~tu without nottce to +~y of us; u~d to ~!1 cmn of ooliectio~, incivdinp •
reasonabk ttorney i fee in the ev of any detavlt hereunde~, a rsby teverally waives all benefit of homes u~d exemption und~~ tM cons8tution
and la of each Sure of th~ U' ed Su~es, u apairat this obl' a~ a~ny ~xte~nion a renswat her~of.
~tnes~ the hand u+c~, 1 of each party. ~Q -
9` ~ n?we~r o~ r~ cs~w
ouE a~ cues ~ nR~~ ~°~ONAL ~n. cs~?u
~ to pMVtEa n.i~, ~crs oF i~`'lfCd3 cs~w ~
ppGER PORRJ~S ~U :
w+o. w~n• pf~K G~R COURT. SL LAIC~E C0, M k
NOW, THEREFORE, the MORTGAGOR for th~ purpose of secvriep paymem of ssid sum oi = lg ~nd th~ perforrn~no~ of th~ ~
covenann u~d apr.e~r~.oq he?.a~fter eapressed, and for dven ~ood sr~d vsl~abt~ consida~tions, by tMie pr~suiM, doea yrsM, bupain, sell, r~mi~s, ;
releast, convey and curf;rm unto tM MORTGAGEE, its successws and ~ssip~s, all tMt certsin lof, piep or parc~l of land, dtwt~, lyirg, ~nd beinp in th~
~~h, ~ St. Lucie and sur. of Fb.ida, dewi»d a totlows:
Aparta~ent No. 302, Building VII of ISIJND HOtIS$ CONDOH2NIUN3~ P~iASE II, according
to the Declarat,ion of Condominiwn and all eahibits thereto dated Hay 13, 197~,
recorded July 10, 1975, in Official Records 8ook 2l~1, pages 1626 - 1700, of the
.public records of St. Lucie Cauaty, Florida, togather xith all of its appurtenances
according to said Declaration of Condominium and all exhibits thereto and together
with all teneanents and heredit.aaaents thereto belonging or in anyWise appertaining -
to said apart~aent. ult:.t:.G~v
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SUBJ~CT to t~he ter~o~s, coveriants, agree~ents, obligations and prnvisions of said °~t~"i : s
Declaration of Condominium and all e~chibits thereto xhich the Nortgagor in all ~~~~S~3D
things does covenant to ilortgagee faithtlil,ly to observe and perform. <~Z
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a ~IS-?D 7- G10So • Ofi'J 5 ' ~ ~
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By agreeaeat of Mortgagor aad l~ortgagee on file
~rith Nortgagee, the ~ithin mortgege secures not - ~r~ j.~ ~
ouly au esisting indebtedness, but also ADDANCffi N tDOi
to be HSRBAPTBR made by Mortgagee to I~tortgagor ca
the aggregate of vhich xill equal the principal ` A+~[~;
amount specified in the promissory note secured o; v~~
• hereb;~ . .
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topetlw w~th all and singubr t1w t~nar~ents, hereditamenb ~nd sppurtances tlrreunto belonpinp or in Myrvq~ ippwtairanQ tl~enta. ~nd all rseqs, hsws,
p~ocesds and profits acuuinp and to ~cvw from said premises. ~II of whkh are induded in tM abov~ and forpdrg daaiption ~nd Mbsndum.
TO HAVE AND TO HOID the abow dacribed and qnnted premisa unto tM ssid N10RTGAGEE, its wooawn snd apigro forww. Md tlw t~fd
MORTG!?GOR fa ~'s hein, ~xetuton. ~dminntraton ~nd euipra, hereby cov~nann with th~ said MORTGAGEE, iM woa~wrs ad ~Nipnr„
~Fwt h@ is lawfully seized of the s+id pranisea in fe~ simplr, that tht ~aem an fr», dw ~nd d'achkp~d from ~11 tiua and ~ncun~
brances in law or io eqvity, and tM+ ~I@ will ~nd hsin sh~tl wannt snd d~fsrd th~ titb b th~ ~arrN to the sNd
MORiGAGEf, in wcceason ar+d auiyro, faever ~ga;nat ft» Iswful claimt ~nd de~rwds of •II peno~pj
PROVlDED, AIWAYS tlwt if th~ MORTGAGOR shall pay vnto the MORTGAGEE the pramissay not~ ha~inF~efor~ dacribed snd shdl trufy, prornptlr ~
and fully perform, ditch~rps. execut~, compkte. compty with ~nd ~bidt by ~sch and ~v~ry tfie stipulatiom, ~prMnwents, cond'nions snd oown~nb d said
prom~ssory not~ ~nd of this 1Ncrryaqe, tben this Mwt9aQs and tM fst~te her~by ueated ~hall cea~ and b~ rwq a~d void.
IT !S UNDERSTOOp tMt tbe word "Mortpapor" whether in th~ sirgular or plwat anywl+a~ in this Mat~spe, sh~ll b~ sirgular if a» ordy ~nd
•hall bt plwd joinlly and sevN~lly if mon tha~ one, u?d that the wwd "th~i?" as us~d ~nywl~ar~ {n Nds Morqay~ sh~ll b~ tak~n w mean "hi~," ^'hen,°
•n 01 ••iti•~ W~1ffOVK 1f1t COnfQxt fQ
hnpties o~ Klmits. Ako, that wh~r~ thsr~ b a refe~eno~ In tiie cov~n~nn and apr~emMa hsnin ooM~ir?~d to ~ny d
` tl» putia hsrNO, th~ s~m~ ~hall be caatrved ~o me~n ~s w~ll as th~ hein, bpat npresw+qthres, woossson and auipro (~itlw volwu~ry by ad of th~
~ pania or inwfuntM~ M oper~tion of the law) of tM s~me and. that th~ cwaun» herein cont~t~wd ahsll bind and tM b~nrfiM and advamap~s iwn
~ ro tht rap~ctirr heirs. Ip+! reqe~enf.tives„ s+?ccesfon and m'~ym of the p+rri~s Fwreta ~
~ Md said Mwrpa~ws, fa themselvn and their Min, Isyal repr~sKnaYrva, succss~on and ~ssipm. M«bp jointly ~rd ww?slly oown~nt ~nd ~~e j
to and with the s~id MORTGAGEE, its svcc~swrs ~e~d auipns: ~
1. To. paY all a~d siegular th~ principal and intaest ud tM varian and iw~dry wmt d moe~y psyaW~ by virtw of s~W prom;sawr note, and this .
mottyaQe, txh and ~w~y. WompflY on iFr days raspectiv~ly the sarr~ swerally becaM dw. ~i
2 To pay dl ~nd sinpvlar ths tax~s, sssessments, tevies. liabilitiss, oblipstiau ~nd encumbrancN d~very mtur~ and hind now on s~id daa~d
~ propKty, a thai hKeah~r m~y b~ impowd, wffKed. P~+tsd. Iwied, or a!ilfNd N1lf~Ofl, p tIM1 MfNNM IMY I7f INIi~ Of iff~ff~ IIPOfI NIIt MOr1~ E
~ p~, a the in~bt~dnea securd Mr~by. ~ach and ~very, wlwn dw ~nd p+Yabk, ~aordiny to law. Mfon ths~r bec,oent ddinqwet, w+d b(on ~ny MN~nst
~n~cMs w~~r penslty is fncwred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAIKE SHAII 6E PROAAPTLY SATISFIED /1ND DISCFlARGfp OF
RK.ORD AND TME ORIGINAI OffIC1AL OOCtlMENT (SUCH AS, fOR INSTAMCE, iHE TAX RKEIPT O!t THf SJ1TlSiACT1pN P/?pER OfFIC~AIIY ENOORSED
OR CERiIFIED) SHALL SE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT /1FTER PAYMENT; and in the went that an~r tlwnof is not
paid, sar'ified ~nd discharyed saEd MORTGAGEE may at any time p+y the same a any put tl~eof without w~ivirp o~ ~ff~ct;np any aption. li~n, puity or
•ipM unde~ or by virhie of this morr9a4e and the full amovnt of esch snd every iuch paymee~t shsll be irm?ediatdy dw and pay~ ~nd shall bw intK~st
from the date therwf u~til pa;d st r~t~ of ~ine per centum per ~nnum and toyether with wch intKqt thall be secwed by the lien d tF~:s rtwrytaqe.