HomeMy WebLinkAbout0580 . . _ 38ng3g ~ ~
THIS INpENTURE, Nbd~ tA~ Z~~ day of .~s;' A.D. 1977 ~ b~tw~n
Carl E. Schafer II and~o~ a. r a~rl. e
, .
of st• ~r11Q~0 Cp~~y Fbrid~. h~~inaflN dqgnatd+ a tM "MORTGAGOR," and fIR51 FEDER/ll SAVINGS AND IOAN
I?SSOCIA?ION OF fORT PIfRCE, ~ oapor~tion wpuds~d ~nd ~xwtinp w+da th~ I~w~ of tM Unit~d Suta of Am~ric~ u?d havinp Ih princip~l plaq of
busimu h tF» City of Fat PiKa. St. luct~ Ca~nty. Florida, henin~ftK dnipnaqd u ti» "MORTG
WNEREAS tM MORIGJIGOR is jwty ind~b!~d w th~ MORtGAGEE in th~ ~um o( = 33s~~~ snd bwful mo~wy of the Ueit~d
St~t~s ~dv~nc~d by th~ MpRTGAGEE unfo th~ MORTGAGOR, a~ ~vid~nced by a catain promiuory not~ of ev~n da~e hertwith, of which tM idlowinp in ;
word~ a~d fipwN b~ trw coPY. lowil~
s _ 33 •~0 01 23026866
' Fort Pitrcr. Florida. ~u~a~' ~ 19 7T
For value r~c.eived, 1, w~, a either of us, promise to pay, without defalcation, to th~ wdK o( FiRST fEOfRAL SAVINGpS A~N~ IOAN ASSOCIA110N
OF FORT PIERCE at fort Pierce, fbrida, th~ ium of S~ wirh intere~t from dale a~ the ~at~ of 3Z~Z______% pK annum, ie ~
monthl in~f~llments as lollows: ~ 269~76 O~i~b~ '
Y on the 10~h day of 19 and a lib sv,m on ~
rhe torrespondinp d~y of e~th month theresfte~ u~til IF+~ whol~ be fvlly p~id.
E+ch insbl4nent fint shsll be applied in payment of the intHei~ a~ then on tM unpaid balance of tM principa) tum. If defavlt is mad~
tF~ p~ymsM of ~ny- irut~l~t when due. and such defauh con:inues 30 days, tl»n~ at thr option of the ho}d~r, and w+thout ~ny otFar ootice. ;
all ths remaininp Instsllments thall be due and payable at onp. Privileqe is yiwe 1o propay this note i~ whols at io puf at any time wilhoW j
pcnaNy. NeitF~ fwb~war?u nor ~cceprance by ths hold~r rhereof aftK any d~fa~lt in inY p~ymenf Mreon. sh~11 ik deMned ~ztension. A late ~
paymenl ch~np~ of : 13 ~~8 ~F?all be as~eased fh~ 26th ~
d~y of /M ma~nth, if a ~pufar butineu d~y, w. if ew1 a rpvlar b~nin~ day.
t?isn th~ nexf busir~s day, on eacf~ monthty inatallrneet not tlw~ aaeiv~d.
Each makN, swety +nd a.~daser hereof, joindy ~nd severally, w~iws dsen~nd, presentment proteu +r+d notios of protest fo? nonpaYmeM, and
turtM? a~rees to any exten~ion of time of payment, eitha befas or aAa m~writy, without ewt~ce to ~ny of us; and ro p~y all cosb of colleNion,
~ncfudinp a reasonabte sttomey's fe~ in the event of any default ha~wide~. and hersby s~ver~lly w~iva all b~n~fit of homestesd ~nd e~cemptan unde~
rhe oonstitwion and I~ws of ~sd? Sbte of tM U~ited Stat~s, as ~q~imt this obliyatan w any extauian a r~ww~l I+Kwf.
.
, ~ ~ ~
. S/ Ca"r1 B. Schaier II ~i~
~ ` ' • Joaa G . 3ahater ~
stan ~r uam{n in rhs +mou~r (SE/?U
of = 7V ~re . (SEAtI
sffixld b tht morf9ap~ acynd hK~by. ~~u
r,ww. THEREFORE. tlw MORTGAGOR for tht Pu~Pes~ af~.:~, wrh.~, ~„~a ~ s 33,500.00 ,~,d ~..~,m,~„p
covenanq uw! spne+mnb Mnin~hK expreued. snd fw divers pood ar~ valuabN considaatio~a, by t!~ presants, dep pruN, barpsin, aell, rwnis~,
rcteas~. ~ and oonf'am unto 1h~ MORTGAGEE, iri succsuon and ~s~yns, all tlyt certain lot, pku a p~rcel of land, situa», ~llinp, and beinp in t!~
CouM~r of St.. ~1C~0 , and Stab of F~orid+, d~w~d a folbws:
Cond~oainiw~ Parcel No. 727s OC~?N VILLAS II, according to the Declaration ot Condainina ±
thereof recorded in Ot!'icial 8eeorda Book 271, pagea 2876 through 2939 inclna3ve ot the
5 public rscords or 3t. Lunie County, Florida.
,a~ -
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~ SIIH.T&CT to t,hs tsr~a, covenanta, agrseienta, obligatio~a and proviaiona ot aaid Declaration
of Condoainin~ nhich Kortgagor in all thinga does covenant to Mortgagee faithtlilly to ob-
aerve and pesiort. ~
By agreeaent of Mortgagor and Kortgagee oa lYle irith I~iortgagee, the w3.t~hin sortgage aeeures
not only an ezistiag i~debtealnesa, but also 1D~1NCffi to be ~ made by Mortgagse to
Hortgagor the aggregate ot xhich will equal the principal uount apeei2Yad in the proiiaaary
aote aecured hereby.
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f
i
N STAT~~F ~~CJRlL~'.L, ~ ' r
~ ^ D~CUh1ENtARY.~'~~ ~ TA M f' i t. + ~ IN PAYMENT af TA%~
4ErT_ Of YEYf.NUE . Wf OM CLASS'C It1TANGIBIE PERSONAL PROPEAIY
- T~~.1- ~ i ~
` N- Purts~nr to c~~ 7I-234. ~?cTS of ~JL ~ n
~ - ~ :~~3-•»~: r~ ~ 5 0. Z 5 ~ ~on~ c~
_ ee. ~
o= uioz ~~-,s. ~ ~ CLERK C111qJR OOWT. iT. i11C~ ~ M~
.
togethtt with ~II ~nd sinpular th~ tMemsists, he?~d'itamanb and appurqnt~s MwrwMO bdorqi~ o~ in anyw(N ~pPu?+Ininp tlwnq. ~nd ~11 r~nh, issws.
proce~ds and profils ~ccrvlnp and ro ~ocrw from s~W p~miws, all of whkh sn includ~d in th~ ~bar~ and fonpoinp dtitrlption ~nd h~b~ndutn.
T~ HAVE AND TO HOLD th~ abow d~auitwd and yrsr?ted premiNS unto the srid MORTGAGEE, Hs wae~sors and ~ssipro fotw~r. Md th~ s~id
M,ORTC~ACe~ ~-~d4 Min, execulws, administratws u+d auipns, hKSby eoreew~b witA fh~ taW MORTGAGEE, its woaaon and aWpes,
that T,n . lawfvlly seiud of the wid pra~nis~s in fN stmpt~s that tl» sanN an frse. clw ~+d diui~d han all li~ro r+d ~ ~s~!
brsnce~ in law a in ~qoih, and tM* ~ey will and thsir hsln shdl wmaM and d~4end th~ thl~ to tM ~+en~ to tM sa(d ~
MORiGAGEE, ib woces~on and auip,u, f,orevN aQainst t!w lawfo! claims ind darwdt of all p~rsars
PROYlDED, AlWAYS Mn if the MQRTGAGOR shall pay unto tFr MORTGAGEE th~ promqsory eot~ Mreinbefon d~ur~d and slwll truly. Wa~+M~Y
end iulh P~rfweA, d'ach~~. •xrwt~, oompl~t~. ~p~p1Y with u~d abide by ~ach and wKy the aipulariom. ~y?~+ts, wnditions and oorsnarNS d said
p~omistory noN ~od of thit Matp+Df, ti~n tt~is AAortyap~ and tht EsfaM htrtby a~at~d stuN tNt~ ar+d b~ iwll and. troid.
tT Is uNDERSTOOD th~t Nr word Mw?payor" whetM. in th~ sinpular w plwal anywh~n in N~is N1o~tya~ sl»II b~ sirgular if on~ ony ~nd ~
shall b~ plwal ~ointlp and wv~rdly if mon tl~ a+~, and tiwt tM word "their" u wed a~yvvl»r~ in N3a Mortqp~ sh~ll b~ t~kan to m~an "his," '7~s,"
or '•in." wF~wer th~ oomext w impli~s a admits. Alw, that wlwrewr then is ~ nfaMOe tM oovw+aea ~nd ~prwrnenb hnein comsbrd M arhr oi
fhs parti~s ha~to, th~ s+rm sMll b~ eomtrved ro mean a vwll a tM lw1n. Ipal npra~nrstn?a, wooesson ~nd assipns (~HMr volumary by aa of th~ ~
p+rties a hvolw+t+ry M opuation of tlN taw) of ths wrr ~nd thn tM cov~n hanin aontairrd sh~ll bird ~nd th~ buwfits and advantpq trwn ~
ro the ~pWiv~ !~e'ra, bpa) i+P?ea~l~fivp, succ~sfo~s a++d asjpns of the pntia MrNa ~
/?nd s~id Morty~pon, for t1~rwlvw and th~'r Mirs. I~+t np.a~m.Hw+. wcasson +nd ~asiprn, iwrebl~ i~h and a~v~r~11y oo.~smnt and aprK
to and wkh th~ said MORTCiAGEE, ils woc~sson and wp~u:
1. To pay dl and ~inp~lar ~h~ principal w~d &~r~rest and tM va?ious ~nd
^'atp+p~. Nch ~nd evNy. P~~P~h or~ dN daYs ?~sp~ctivslY th~ sam~ Nwra ~ bKane dw. ~Y WY~M tM? virtw of s~W PromiworY rroh, and fhia
To phr atl and rirgular 11» ta:a, awwna~ts. Iwks. Ii~Wli?ia. obliy~tiona «od ~nawnbwnas d swry natur~ ~+d kind naw on s+W dMU~d
prop~rry, a NNt Iw.~ mhr b~ inpw~d, wfi~r~d. M+ad, twi~d, or ~w~s~~d N~r~on, a M+~t iw~t~r
h~rsbY, ach and ~n+Y b~ kvi~d o? ~s~Nd upw~ thf~ Marlp.
.o•. a~. bd~bf~dnas .«~rr.d .wry, wlww dw «~d p.yabl., aoco.din~ fo ~.w, b.fo.. ~tny b.c+oew delM~qu~ra, aed b.fw• «n? tnlu.a
attscMs p any p~mltp is i~cwr~ds AND INSOFAR /1S /?NY THEREOF IS Of R[{pRp THE y~ME SHALL !E ~gplylpTlY SATISf1ED AND DISCFIARGED OF
RKORQ ANp THE ORIGINAI OffIClAL OOCWNEM l5l1CM AS, FOR IHSiANCE. THE TAX RECfIPT OR THE SATtSFACT1pN ~ApER pFflGfAltY EIr00RSEp
OR CERTIFlEC) Sl4ALL dE PLACED IN THE HANDS Of SI?ID MORTGAGEE WITHIN TEN DA1fS NEX1 AFiER PAYMENT= and in tl~ ~v~nt tF~at any ti~teo~ i~ ~
W~d, s+t:sf'»d and d'aehwy~d ~atd MORTGAGEE mar at sny tim~ par tht same w aenr pnt tlwr~of withoot w~ivi~g or aff~etin0 +nY oWip+. ~i~n. ~ or
•lqht u++dK w by virtw of tNa mortqaqe and the full ano~nt of each a++d every wd~ piymem sl~all b~ inrmdiaf~ly dw u~d p~yabl~ and thall bw ~
~rom th~ dab th~nof unttl p~id at r~t~ of eurK per centum p~r ~nwm u~d wp~tfw~ with wd~ intar~st ~F?all b~ s~cwed by tM li~n of th;s morptap~.
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