HomeMy WebLinkAbout0051 This inatrument prepared by LOAN NO.
Joseph E. Smith -
P. O. Box 117
B~onson, Florida 32621 ~ ~ ~ ~ ~ ~ ~ ~ 2~ `~r'j
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lst December .76 , b
THIS MORTGAGE INDENTURE, extcuted this_ da~• of , A. D. 19 y
ROLAND MERRELL and JANE D. MERRELL, hia wife
of the County of Qt. LLtC~e , Statc of Florida~ hereinaftcr called the Mortgagor, which term u used in every
instance shalt include thc Mortgagor's heirs~ execvtors. administrators, suecason, legal representatives and assigns. aad shaU
drnote the singular or plural, and the ttasculine ot feminine, and natural or artificial persons, whenev~r and whcrt~•er the con-
text x~ reyuires ar adm~ts, .u~d FIRS7' FF.DF.RAI. SAVINGS AND LOAN ASSOCIATION OF BRONSON, a corpontion existi~g
u~dcr th~ laws of the United Stares of Ameriia, and ha~•ing its principrl place of business in Brunson, Levy Counq•, rloriJa, herein-
after ca11eJ the l~tortgagee, ~•hich term as useJ in e~~e~y insta~ce shall inclu.le the hlortgagee's successwrs, legal representati~~es and
assigns.
WHEREAS, the Moctgagor is justly indcbted to th~ Mortgagee in the sum of THIRTY THOUSAND AND *
NO/100 30, 000.00 ~
DOLLARS, good aad la~rful money of the United Stata advanced by the Mortgag~e unto the Mo~tgagor, u evidrnced by z
certain promissory note of wrhich the•followi~g in wocds and 6gura is a true copy, to-wit:
FIRST EEDERAL SAVINGS A1VD LOAN ASSOCIATION
OF HRONSON, ELORIDA
- I.oan No
MORTGAGE N(7PE ~
= 30, 000. 00 ~ro„~,, Fio~;a,, December 1, , i9 76
After date, for value raeiYed, the undenigned jointlr and se.•enlly promise to pay to Flk~l' FEDERAL SAVINGS AND LOAN ASSO-
CIATION OF BRONSON at its office in the CitY of Bronscx~, EloriJa, ur order, the sum of THIRTY TH~USAND AND _
~IQf1Q0 ----------------------------------------------npv.Atts(= 30,000.00 ~ .
coge~6er with interest thereoa as hereindter statcd in aoacht~ iastallma~cs of '1'H10 HUNDRED TWENTY ONE AND
?0/100 ----------------------------------------------no~.t.~tes(t 221.70 ~
rhe r~c ;~e.w~t .wu ~ au~ ana ~yaw~ on e~ f i rs t_ a.y o[ JanuarY _ is ~
aud subsequent InsWlments shall be due and payable on the f i=8 t.. ~,y of each and every calendar month there"aftcr until the
p~in
cipal aad iaterest are fully paid All poymenb made~ upon this note ahall be applied first to the payment of interest on the unpaid
Privilege of ~pcepRyment is~r~eserved to~~
m~akers u~poqs
~
1 be )~Ys P~o
the unpaid .bala
~et }wlder~~~ of each month.
This obligation ahall bear interest fran date at the rate ot ~I ~.~2 per cent (~~r annum on the unpaid principal unW the
principal and ;nterest are tully paid.
This note shall be aonsidered in detault when any paymeat required to be made hereunder shall not be paid on ita due date, and
it shaII be construed to be in detault unW sait! poyment ahsll ~rave bern made. Whenever any such default exists for a longer period -
than fifteen (15) days. a"late charge°. not to exceed an amount equal to tour per cent (S96) of any such delinquent payment or pay-
ments, may be charged. Whenever any such detault ez~sts Eor a longer periad tl~an thirty (30) dsys. this note shall bear interest at the
nte of niae per cent (~96) per annum for the fuU periad of default
If any installmmt due hereunder is not paid tor a petiod oE thuty (30) days after it is due, the whole of said indebtedness shall.
without notice, at the option of the holder. beco~me inunediately due and payable. and failure to ezercise this option shall not waive the '
' right to e~cercise the same in the event of an subsequent default In eveat of default in payment the undeisigned agrees W pay all costs '
j of edlection, iacluding a rea,sa~sble ateorneyxs fee. _
~ Makers and endoners, joindy and severally. waive presentment, notice of dishonor, pmtest, and notice of protest. and consent that
time of payment may be actended w~ithout notice thereof.
(s~r?L) s/ Roland Merrell ~s~L~ _
~5~,~ s/ Jane D. N~errell ~s~.) :
WITNESSETfi. 17ut for aood snd valuable considerations, and to smice the paymrnt of the aggrcgate sum of monep named in the pcomis-
sor~ note hereinabove set focth, together writh interat thereou and a11 o~hcr sums of money secured hereby as herirufter ptovided tht Mortgagor
does grant, bugaiq seU~ alirn; mnise, rclease, conve~ and confirm unto the Mortgagee, in fee simple, the folloving described real propertp
loated ~n $t. Ia~eie Coontf. Florida, of •hich the Moctgagor is now xizcd aad possessed, co-wit:
Condominium Parcel 213 of OCEAN VILLbS I, according to Declaration of
Condominium thereof reoorded in Offictal Reoord Book 259, page 2791 _
through 2856 incluaive of the public records of St . Lucie County , Florida .
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