HomeMy WebLinkAbout0987 366497 (o.' `
THIS INDENTURE, Mad~ tAe 1?th day of May ~ 1977 ~ betw~?
am . rease e ar~ . resse e, s.w 4
of ~ Counry Flaida, Fwr~inafl~r d~~ignated ~i tM "MORTGAGOR;' and FIRS~ fEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE. • corpor~t~on oryanized ~nd •xi~t~np undK tM I~ws of tM Un~t~d St~~u of Am~ric~ a~d h~virp i1s principal piau of
buskwu in tM City of fort Pi~ru. St. LucN Couoty. Florida. FMf~IM~iN d~sip~+at~d ~s tF» "MQI~(G ~F~~ ~O -
WHEREAS tM 1NORTGAGOR b j~a~ly ind~b~~d w th~ MORTGAGEE in tha ium oi =-Zt3 ~ V• pood aod lawfu~ mon~y of tM Uncted
n s
Stet~s advanc•d by 1M MORTGAGEE un?o tM MORTGAGOR, •s evidenced by • c~rtain promiuuy note of even d~t~ ,Mr~witly of wFiich 1M fdlowinp in ~
w«di ~nd fipw~s b~ trw topy, lo-wit:
a __'28, 700. oo ~oi-23oli5iz_ i
Fon Picrce, flaida. M~ 17 No 'q_?7
fw value received, I, wc. a c~the~ ol us, p.omise ~a etalcaiio~, ~o rhe orde~ of FIRST fEDERAI SAVINC~ At~p IOAN ASSOCIATION
OF FORT PIERCE ~t Fwt Pie~ce, Florida, the tum sf s__ ~o,~~- W~~h interost irom date ~t tM rate of tj•S7~7 'lG Per annum, in ;
2 2. VO _ on the lOth day of _ July 19J_L_. ~nd s like wm on ;
monthly • instatlment? as followi: 5--- ~
rhe corresponding day of each mo~th thereaher until the whole be fully paid. ;
Each installment firit ~hal~ be applied in paynum of the intere~t snd ~hen on Ihs u~paid balanc~ of tl+e p?incipal sum. If default ii m~de ;
~n the p+y~?~ent of any insulimenf when due, and such default cooiinuc~ 30 days, then ~1 tha op~ioe of tFu hofde~, and withou~ +ny other notica ~
all the remaining inslallments sha~l be due and payable at once. Privile9~ is piwn to P.~P.y this note i~ whole w in parf at any time without i
pen~tty. Neither fabesra~~ ~+qt ~cceptance by the holde~ thereof aft~? any d~faulf in sny paYm•.n1 hereon• sh+l~ be deemed extension. A late
payrt+enl ch+rge of s- ~ shall be assessed the 26th day d the rrwnth, if a reg~l~r business day, o~. if oot a regular busineu d+y.
rhe~ the next busineu day, on each mornhly installmenl ewt tMn rat~~ved•
Each msker, su?ety and er+dorser hereof, joiroly and seve~ally, waives demand. preseMmant prote~t and n~ice of protest for nonpayment. ~nd
furthe~ agrees to any extensio~ of time of payment, either befae or after maturity, without notice ~o sny of vs; and to pay all costs of colkctiw~.
~nduding • reasonabk atto?ney's fee in the eveM of any default hereunder, ~'+d hereby severally w+ives ell benefit of homestead and exemption under
rhe oonstitution and laws of aach St~re of the Uni~ed Sr~tes, ss ay~inst ~his oblig+tion or ~nY exte~sia+ o~ renewal hereof.
' a/William R. Bressette
cs~?~~
(SEAI)
St~te docurpeqtary{~~amps i~ the amovnt - •
l~7
of = are
affixed to tFw matya~ sscur~d Mrtby.
NOW, THEREFORE, the MORTGAGOR fw the r 2 ~ 7QO ~ OO of tlw
pu po~e of securirg payment of said suM of =
covenann and apreements hereinafter expressed. ~nd fw divers ~ood u~d v~lwbls tonsideratiora. by tlNSt pesMts, does yrant, bar~ain, sell, temise,
releue. conwy snd cq1~.m Y~J4C~eA RTGAGEE, in iuccesswt +nd assiprrs. all that certain lot, pieu or parcel of I~+d. situats. IYi~p. u~d beinp in th~ i
Covnry of JL LLl i ~ Stat~ of Fbrida. dewibed ~s follows: 3
Apartment No. 123, OCTsAN VILLA3 I, aCondominium according
to.the_.Declaration oP Condominium thereof recorded in O.R.
Book 259, pggas 2791-2856, public records of 3t. Lucie County,
Florida.
~
SIIBJLCT to the terms, covenants, agreements,~obligations
and provisions of said Declaration of Condominium which
Mortgagor in all things does aovenant to Mortgagee faithPully
to observe and perform.
By agreement of Mortgagor and Mortgagee on Pile With
f Mortgagee, the within mortgage secures not only an }
` eaisting indebtednass, but also ADVANC$S to be HgREAF'T~R
~ made by Mortgagee to Mortgagor the aggregate of which will -
~ equel the principal amount specified in the promissory >
~ note secured hereby. §
~
. . . ~ ~ (!I PA,fA,E,~Ir OF TAKB `
c ~ : - ~ ~ ~ r:-: - ~ Dl~ OM CL/lSS 'C' INTAMGfBLE PERSO :AL PttppE
a~ J~f--~ . ~ ~ ~ PURSt1ANT TO CF41o:~^ 71-13~. ACiS OF 19/L ~
~ ' UJi(i~tiiENTARY~~ -::-.457:,N1 N ' ~ ~ ! _
~ ~ UE~f. ti~ i{tYENUf _ _ RO~;ER POITRIIS ~ :
c= 'j' - - io'77 ~'`~r~ :V'~ = ~ 3. V ~ ~ CiFRK CIIlC1lIT OOURT, S~. UICIE ~ ~
~i = _ ~ ;
S= P.H. .•a -
~ - ~!iG2 i j
fogether with all and sinpular the tensments, heredit~menh and ~ppxt+nces thereunto b~lorginy or ~n ~nYwiu appertaininp therNo. Md all rents, issws. 5
prxeeds ~nd profib accruirg and to accrue from s~id premises, atl of which ~ro included i~ the above and fors~oinp de~c~ipYwn ~nd h+b~ndun+.
TO HAVE AND TO HOLD the above deuribed and 9?a~ted premises unto tM s+id MORTGAGEE, ita succsssors and assipes fo?~wr• Md th~ wid
uGRTG for the12' - he;n, axecvton, sdminntrarors and auig~s, hereby mvenan» with the uid MORTCsAGEE, its waetsors ~nd +ssfpn~
~~iey are
~har - lawfully seized oi the said premises in fee simple; that the same are fras, clear and d'ach~r9ed fran sll lieru and e++cw~?
brances in law or in equity, and tfiat t'he~ will snd their ~;n ~,,,~,ru,t ,r,d defend rh. rnk a ths s~n. ~o rh~ s.id
lN.ORTGAGEE, its succeuws snd assiy~n, forever agairot tht Iawful cla~ns and dem~nds of all persoea; '
PROVIDED, ALWAYS tMt if the MORTGAGOR shall p~y w?to the MORTGACEE the promistory not~ hersinbefore described_and shall ttuly, prompth '
~ and fully perfwm, discharge, execute, compkte, comply with and ab~de by esch and every the stipvlations, +~reemenb, conditia~s snd ooven~nb of ~aid i
~ promnsory note ~nd oi tha Mor~yage, then this N1w~gsg~ ~nd the Estate hereby aeated ahall uase ~nd b~ null and void.
~ ~
IT IS UNOERSTOOD tMt tM word "Mott9syw" wF~ether i~ ths sinyular or plwd anywher~ in tha Mortyay~, shall bt sinpulu if one only and
~ shall be plwal joiMy and ssverdly if more th~n one, and tMt tM word "~heir' as used anywhere in this Mortys~e shsll be taken to mean "his,•••'Mrs,'• :
or "its;' whaever the cont~xt so implies q admits. Also, thst wherevet thete a a reftrence in tht covenann and ayreements herein tontain~d to any of ovc #
~ ihe parties hersto, the sarrw shsll be coostrued to me~n as well ss ths heirs, kyat r~presentativa, succesius and ~uipna (~itF~e? voluMUy by ~ct of th~ o =
~ parties a imolunt~ry by operation of ti~e !sw) of the i+me and that the covenams her~in cont~ined sh+ll bind and the Mn~fin and ~dvantayes inw~ ~
ro the resprctiw hein. (pat representatives, succeswn +nd ass~pm of the parties hereto. ~j t
And said Mortgapws, for themselves and fF~eir Fwin, legsl represenutiva. ~vcceswrs and assiyro, hereby jointty ~nd s~ve~~tly coven+M ~nd apr~e QJ ;
ro and with the said MORTGAGEE, in successon snd assgro: ~ ~
1. To pay ~II and sirgula~ the pr~~cip+l and inre~est e~d the v~r'wus and sundry wms of ma+~Y WY~ bY vinw of uid promisiwy note, and tha .
motTfltyf, sach and ~wr>, promptly o~ t!K days respccrivdy the same sev~rdly b~coms dw. D
~
2. To pay ~II and NnQular the taxes, us~ssmeob. Iwies, liabilities, obligations and encumbrances of every mtw~ ~nd kind now on said d~wib~d ~
FroW?tY, a tbat hereahN may b~ imposd, auffes~d. P~~csd, levied, a aa~ssed thersw~, a fhat hereafter may b~ kvied or ~ss~swd ~ipon th& N1wt~ ~ :
ege, w tlw ird~btedness ~ecwed hereby, exh ~nd svery, when due and p~yable. aaordinp to bw, befw~ they becar~ delinqueM, a~d b~fa~ any imer~st ~ ;
a~raches a any pena{ty a i~cvrred; AND INSOFAR AS ANY TMEREOF IS OF RKORD 7HE SAME SHAIL EE PROMPTLY SATISFtE~ ANO DISCNARGEO Of i
RECORO AND 1HE ORIGINAL OffIC1Al DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RKEIPi OR THE SATISFACTION PAPER OFfIC1AlLY ENDORSED ~ •
OR CERTIFIE~) S11All 6E PlACEO IN THE HANDS OF SAID N10RTGAGEE WITHIN TEN ~AYS NEXT AfTER PAYMENT; and in tF~e ~vtnt thaf any th~r~of i~ nor
Pa+d, sar'afied and dixhar~ed s+td MORTGAGEE may ~r •ny ~ime pay ~M s+n+e «.ny pan ~he.eof wirhov~ waiviny w~ffectinp nryr option, lien, pviry or
•+qhr ~nder a by vinw of tbis mwt~a9e ~nd the fvll ~movnt of exh ~nd ave~y wch payrrKnt ihall b~ immediately due and p~y~bk and shall btar iMerest
~.om tht d~te thereof until p~id st rate of n~ne per ccntum per ~nnum ~nd toyether with wch imsreif shall be sewred by rhe lien of th's morqtay~.
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