HomeMy WebLinkAbout0443 .e~~o .e.c~veu, wc ~r rnner o~ , prom~se ro pay, wunOUt oeratcar~o , to Ine ortler ot ?IK~I ~tUtR JAVINGS ANU WAN IAIIVN lN
~nRi ~IERCE at fo.t P~e~ce, Fb~ida. ~he m of s- _ nh ~ntereir (rom d~te at ths r~t of 76 pa ~nnum, ' lhly inital{-
~r~~s as fo:'ows: S- the day oi . 19_ aed • like ~wn tM ca.espond~np day o~ h month therr
efrer u~~l~~ ~hr v~hole tx (~Ily pa~d.
Each ~nuoilmrnt hru ~heli apphed ~n payment of rhe iNeres a/xl thrn on tht unp~id b~l~nca of the princ~pal wm. If ault is made in ~he
;.,;~nrnt of any msta~ime~~r wh J~e, and such drfau:t connn~es 30 ays, then st th~ option of !he ho' r~, and witFaut any other ice, a~l ?he remlimn9
-n~a;lmtnt~ sh~~i bc due •nd yab~e at or~ce. Pr~vi:eya i~ glven to epay this note i+~ wholt w in ps af ~ny time withouf p~nalfy fVeithet fwtbNratK~,
nor acc~ptanc~ by the ho er tMreof a(ter ~ny def~ult in ~rtY payl~tnts F~t~eon. iFu{I b~ de~er~ed ~a niio~. A tate paYment tlwr of = shall b~
~voed ~o eace ~nsrau remaimnp unpud ! days att~r ib du~daf~, u~d a Yk~ tum ~hatl b~ ~fd b fKll fyCll If1t1~II1M111 f inirp uopaid 7 d~ys ~ht~
reth tucCeeding p~ nt d~te. ~ ~
'l EacA mater wrety and enJassr hereof. joinel~ ~rd evenqy, w~ives demand, presenr nt profest and notic~ of prW fw nonp~ymeM, ~nd fu
~7~ees to any e nsan of tnne oi payment, e~ther brfore aitnr maturity, without not~ce ro ~rty of us; and to pay ~U srs of cotlectiw~, indud: •
~sona6le ate neyb iee in the evcM of •ny de(au:t re~ader, and hereby seve~ally w~iv ail beneflt o1 homeatead and aemptian und~r the twqti tion
~ d Iawf oF acF~ Sr~te of the United Ststes, as aQ~in this obiigation w~ny extens~on or•rentwal hereof.
YI~ ness ~he hand and seai ol rach puty.
. . , . • ~ (SEAI)
(SEAU
(SE~U
~ .
NOW, TH~REiORE, the MORTGAGOR iw ths p~rpose oi securi~y p~yment of said sum of s 22 ~ 000' 00 .~nd the performance of--th~
co~en~nrs and aqrae.~.ents here~na(rer e,~presaed. ~nd fx d~veri yood ~nd v~lu~bl~ coni~der~f~om, by tMs~ p.ese.+n, does y~ant, bar~ain, sell, rem~se,
~~~'eose, convey ar.d ~pr~iirm to tye MORTGAGEE, its ~uccessws and aasi9ns, •It thal cerbin bt, pieu ot pucel of I~nd, sitwt~, lyinp, and bsirg Jn tM
County of ~ ~L • ~uC 19 and Sut~ of Florida, de~crib~d ~s fotloMn:
Apartment No. 303, Building YI of ISLAND HOIISF CONDOMINIIIMS,
PHAS$ II, according to the Daclaration of Condominium and
all eahibits thereto dated May 13, 1975, reaorded July 10,
107~~ ir l~PP~v~Bi ~avOiC~au ~OJjC ~~.i, y8aau ivL~i-i;vQ, oi vu8
public records of St. Lucie County, Florida, together With
all of its appurtanances according to said Declaration ot .
~ ~ a"' Condominium and all a~chibits thereto and together With all
- Z tenemants and hereditamejnta thereto belonging or in anyr~rise
~ o~'" appertaining to said apartment.
' Z'C SIIBJECT to the terms, covenants, agreements, obligations
~ ~T ~ and provisions oP said Declaration of Cflndominium and all
~ Z x~~ eahibits thereto Which the Mortgagor in all things does
Z covenant to Mortgagee faithPully to observe and perform.
~
~ ~gr By agreement of Mortgagor and Mortgagee on file ~ith
~~T Mortgagee, tha xithin mortgage secures not only an eaisting
~ indebtedness, but also ADVANC$3 to be H$R~AFT$R made by
Mortgagee to Mortgagor the aggregste of which will equal _
{ the principal amount specified in the promissory note
~ secured hereby.
~
~ rogcrher w~~h aIl and sirgvlar the renememi, hered~t~ment~ and appururKes therevnto bda+ping a in ~nywiu ~pper~airunp tiwreto, ae~d a0 rsnn, issws.
c~oceeds and profits accruing and ro ~ccrue iram sa7d premises, all of which ~re included in tl~e ~bov~ and fwpoirg dMCiiption u~d Mbendum.
TO HAVE ANq 1p HOtD rhe sbove deur~bed and graMed prem7ies unto the s~id MORTGAGEE, ib sucuswrs u~d auipm forwK. Md th~ wid
~•ORTGAGQR for -!11_v_____ ~~rs, executon, ~dmi~istr~ta• and assiyro, I+ereby covtnann with th~ said AAORTGAGEE, its wa~asws ~nd wsipra,
!hat - he -is-_- lawfully se~~eof the u~d prem~a~insfee simple; thit tht same ue fnt, ckar and discharped from all liens ~nd encum~
c.ances in law or in equity, and that will ~nd !1 htin shall wurant ~f1d df~Ifld 1IN 111I! /0 1FN faRN 10 NN i~~
ti 'J!ORTvAGEE, i~s suuestas snd ass~gnf, forever against the lewful claims and dcrosnds of all penonf;
~ PROVIOED, AlWAYS that if fM MORTGAGOR ~MII pay unto ?he MORTGAGEE tM ptomisWry rott her~inbefore daaib~d ~nd ~hall fruly, pronptly
~ ~nd fully perfwm, dfuMrge, execurs, compl~t~, comply wi~h and ~b~de by exh and wery the sfipulations, ayrtemenb, conditian and cor~nant~ of ~id
~ promissay ro~e •nd of m~s Morr9~ye, ihen this Nbrtgsy~ ~nd tM Eiute her~by v~ated sh~ll c~ue and b~ rwll a+d void.
' v !T !5 !~NDFQSTOOp t~.at tht xord "M.c:sfla~a:•• wl~.Pther in the s;ng:,far a ~iwit anpwher~ in this Mwt~pt, shdl bt sinpvi~r if on~ only ~nd
~ shatl be plurel joiMly and severalty if mo.e tMn one, and that the word "tiieir" ai used anywhere in this MoHpa~ ~MII b~ Ukso to m~an "his,•• •'F~ers
~ ~ cr "its," wFxrever ~he corstext w~mpties w sdmin. Alw, that wherever there i~ i rtference in tM COVlM11tf alld 1Qflt(Ift~lif II!(ti11 COfll~i~1li~ f0 My Of
~ ~he p~.ties he.eto, the same shall be construed ro me~n as well as the heirs, leyal rtp?es~ntatives, wcuswrs a~d ~uipro (either voluntary by act of th~
~ parries w involunury by operae~on of ehe I~w) of t1K same snd tha~ the covenants herein cont~ined sMll bind •nd ~M ben.fin .~d adv~mapa irwr~
~ ro the respearve he~ri, ie9el ropreseNatives, t~cce~sors and ass~yni of the puti~s F~~to.
~ And said Mwty~ora. fw them~elves and their heirs. leQal repreuntelives, wtutuxs and astiyrn, k~reby jeinily and s~veraliy covt~anl ~nd ~pr~e
~ +o and with tM said MORiGAGEE, its ~uccessas and assigns: '
1. To p•y eu a~+9 ~ing„~s. rE!e ~rMcFN! e~ :~re•e:! ~!!r_ ve~~a.~ azd w~ri u:rrs af +rwr~rY ~,ara}~e ~+y vgrr;e ~rf fa:d grcmEssa+y nGre, ~j3 *h+~
3 ~ r+~orrgsge, e~ch and every, promp~ly on fhe d~ys respec~iwly the tame sev~rally bccane due.
~ ~ 4. To p~y s~l ~nd ~in~vlir the ~~xes. assesunents, levies, liabilifie~, obliyatioea and ~ncu+nb~~nns of ewry ~atw~ and kind now on s~id dswib~d
~ properry, or th~t F~treaftN m~y b~ ~mpw~d, wffere~, pl~ced, ltvied, w~swsssd fhenon, w that hereafr~r en~r b~ I~ri~d a.as.u~d ~~on rhis MorfQ.
~ aye. w tM indebtedn~sf fecured Mrtby, each ~nd every. whtn dw and pay~bl~. accwdirg to bw. btfor~ fher become delirpuern, and befon a~ryr in»rest
a!taches w any penalty is incvr~ed; AND INSOfAR AS ANY TMfREOf IS Of RKORU iME SNME SMAII dE PROHIPiIY SATISf1ED ANO DISCHARGEO OF
! RECORO AND THE ORIGttvAL OifIC1At DOCUMENT (SIKH AS, FOR INSTANCE. TNE TAX RECEIPi TME SATISFACTION PIlPER OfFICI/RLiY ENDORSED
~ OR CERTIi1ED) SNAtI 8E PIACE~ IN THE MANOS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; ~od in tht ~vent fhat any th~reof is not
~ oa~d, sst tfied and d~stherq~d s~ d MORTGAGEE may ~t any nme pay the s~me o? ~ey p~n tMreof wirlw~t w~ivinp a~f(edinp s~ option, lien. eqvity p
~ •~~ht u~der or by v~rru~ o~ this mor~gage and the iull •mount of e+ch ~nd every iuch payment ~h~ll be immed~atety d~e and payabk and ahall b~u inter~st
~.om rhe daee rhereof vnr~l pa~d ar rafe of n~ne per cenrum per annum •nd toyerher w~rA such ime+e~~ si~dl Se ~ecu~ed by the lien of th:s moryt~.