HomeMy WebLinkAbout0326 iMli INCENTURE, Ma~ th~ ~th ~y pf SepLERIbE'T A.D. 19_~.~~twNn
St1N GROVE ltONTESSORI SCHOOL, a F2or~d~iQor~or~ation not for profit
.
of -S _ T.nr•i,P ~ Cpv~~y fbrida, FlffflMNN dNignaTed ~s ?M "MORTGAGOR," and FIRST FE~ERAL SAVINCaS AND IOAN
ASSOCIATtON OF FORT PIERCE. • co~pa~tion wp~ois~d ~nd •xiai.~p u~dN tM law~ of tiw Un~~~d Stat~~ of Am~ric~ and Mvinp ih princip~i pl~ of
bu~ii?a~ in tM City oi Fort Ii~rp. St. luti~ Cou~ty, flaida, Mnin~ftN d~~pnat~d a~ tM "MORiGAGEE."
WHERf/15 fM MORT(fAGOR i~ ~Wtly tnd~bt~d Io th~ MORTGAGFE in fM ~um of s 411OOOyQO _ 9ppd ~nd ~~W(~~ moMy Of 11y Vnit~
S~et~s advanc~d by tM MORTGAGEE unto ti+~ MORTG/1GOR, ~t ~vid~nced by • ca~~~n promissory nol~ o( ev~n d~t~ Mrwritfy of whKA tM followi~q in
wordi ~nd (iyy~q M• tnN COpy, 1o~wit:
i4I,000.00 01-23037458 _
Fon P~e~ce. rlw~da. __~__September 7 , t~~..._
fa valw rec~iwd, t, wt. w•ithe~ of us, p?omfs~ to p~y, witlwvt de~alca~~on, to the ade? of FIRST fEDERAI SAVINGS AND LOAN ASSOCIATION
Of FORT PIERCE at Fwt Pitrc~, floridt, tM ~um o1 S _~w~rh i~tereft irom dat~ •t th~ raM of 1~•25 'X~ pa ~nnum, in
Tonrhly insra!lmtntt follow~: ~ 4~2.62 on tM .10~h day of ~ctober 19_~._ rnd ~ lik~ s~m on
rhe correipondi~p d~y of ~~ch month tM~~aftN until the whol~ be fvlly paid.
E~cA i~~ullen~m fint sMll 6~ ~pp~i~d i~ paymem o( the int~~~st ~r+d then on the unp~id balance of Ih~ princip~t ium. If d~f~ult is m~de
~n ~he payment of any inttallm~nt wht~ dw. and ~uch d~fauh confinwi 30 days. ~hen at ~h~ option of tM hold~r, and without aey other ~rwiice.
ail the rem~iniry imtal{m~nb ~hall b~ dw ~nd payable at sN+ce. P.ivilp• i~ 9iven to p~epay ~h~~ aote in whole w ie p~rt at ~ny tfm~ without
pen~Ity. Neith~r forpe~ranu, nor acupqnc~ by ~I+~ holdN tMr~oi ~irN ~y d~faul~ in a~y pey.ncn~ her~, shill b~ de~med •,ete~sion. A Iat~
paymcnt cha?q~ of i 20. 13 shsll be •~~t:ed th~ 4btA d~y of the mon+~, i( a regu~~r busi~su dav. w. if not a r~yula b~siness day.
~hen 4F~e next buiineu day, on ~~ch monthly inst~llment not tMn nteived.
Eacb make~, w~~ty and ar+doner hereof, joi~tly and ieve?afly, wai.es demand, p~ese~tment protest and notio~ of prwest fw f10np~yTM1, and
fv.the~ ag~ee~ to My ~xt~nsion of tim~ of paym~nt, ~ith~r b~fw~ w•f~~r maturiry, 'wirhout nor~c~ ?o any of u~; and ro piy all ~wts of collect~on,
~~ctud~ng ?~ea~onable anomey's fN in tM tvenr of aoy def~ult hereunder, ~nd he~eby severally waive• all btrwfit of Mm~tt~~d N+d ~xemption under
~he mns~~~u~+or snd ~~wn of rach Sqt~ of tM Unir~d St~~e~, painar thia obl~ya~~on w ~ny exren:ion a r~wal Mrwi.
~ SUN GROVE MONTESSORI SCHOOL, a Florida Corporation
not for profit
$Y ~ ~f Rudol[~h P _ Wi dman (SEAI)
Rudolph P. Widman. President
Srare documcnr~ry :tamps in tM ~mount (SEAI)
o~ s 61.SU ATTEST• s/Fay° G.'ri~ht ~sE~u
effixed fo mon9.9...c~..d h.?.~y. Faye Wri~ht, Secretar~
NOW, THEREFORE, t!~ MORTGAGOR fw ths purpoie of ~ecu.iny p~yment of sa~d :um oi = 4I ~ ~00 . ~0 , ~ pK{pm~~ af th~
covenanh and aprrtm~nt~ Mr~in~fta ~xpre~ud. ~nd fw d~vers 9ood ~nel valuable cons~drrar;ons, by tM~ pnwnts, do~~ ynnt, b~rp~In, tell, r~mise,
reteau, conv~y ~nd eonfirm unto tM MORTGAGEE, its ~ucceswrs a+~d assi9ns, etl +hat ce{tei~ bl, piec~ or p~rttl of land, ~itua», lyinp, and b~inp In t!»
St_ i.~~riE+ +
Ca,nty d .~ed Sqt~ of Flor~, dewiMd ~s followa:
Lot 5, less the North 8 Feet, PINE VISTA SUBDIVISION, according to the plat thereof
on file in Plat Book 9, page 5$, public records of St. Lucie County, Florida.
By agreement of Mortgagor and Mortgagee on file with Mortgagee,
~ J the within mortgage secures not only an existing indebtedness,
f , but also ADVANCES to be HEREAFTER made by riortgagee to Mortgagor ~
~'t,; the aggregate of which Will equal the principal amount specified '
; in the promissory note secured hereby.
~
~ ~ _ _ - r- - _ . ~ ~ Rece~ved S ~a- ~ In Payment Of Ta~tes
- • . ~ .
- , , . ~ -
- - ~ . - - ~ Dus On Cless '•C•. Intanpible Psrsonal Propsrry.
- - i Purwant To Chaptsr 7i. 134. Acb Of 1971.
` _ ~ . . : . ~ ~ ~j C ~ ROGER POtTRAS
: _ _ - i C~s~k C~rcuit Court, St, tucie. Co.. Fls.
•oqe~her w~tfi •It and sinp~lu rh~ re+~rrKnn, he.editam~nn ~nd •ppun~nces fherwnro belo~ying w in anywis~ ~ppKfaintnp thatro, ~ed ~11 nn», iuues,
c-oceeds a~d p~of~b ~cuuinq ~nd to ~cuw from ~aid premis~s, all of which ue incl~dad in th~ abov~ ~nd forpdnp dNCrlptbn ~nd Mb«+dum.
TO MAVE AND TO F101D tM ~bov~ d~tcrib~d ~nd pnnt~d' premi~ unto Nw uid MORTGAGEf. in sua~was N+d aafpns fonv~. Md th~ saW
.tORTGAGOR for -thelr Min, ~:~cvton, adminiatraton ~nd ~uipn~, twr~by coveMnt~ with the said MORTGAGEE, iM woa~sors ~nd
,.,,a~ they are i~wfully Nis~d of tfN uW premis~s in fN ~impi~: t}ut tM sur~ hM, cl~~r snd di~cFwrp~d from al! liNa ad ~nc~ns
o•ences in I~w ot in puity. ~nd they ~tt their Min ~1?ell wa?r~M ~nd d~t~nd t}w t)tl~ to tM wnw tQ tM sald
!Y!ORTGAGEE, hs ~ucuaors ~nd u~ipey, fot~v~r pNn~t th~ I~wfut claim~ ~nd d~m~nd~ of ~II penon~•
PROYIDE~, AtWAYS that H tl» MORTGAGOR ~hall p~y unto the N40RTGAGEE tM pramiuory not~ hNeinb~for~ d~wtb~d ~nd ~MII truly, p~omptly
e~d Eully p~rform, di~cFrr~. ~x~cv», aompbt~, comply witb •nd ~bid~ by ~~ch aad w~ry t1u uipuNNom, prNnNnt~, corwlltbrr ~nd ~nfs of s~id
c,on,tsso.y nor~ ~nd of this Mort~, tMn thi~ Mortpp~ ~nd tM &t~t~ h~nby crNt~d ~hal) aa~ and b~ ~ull ~nd wid.
IT IS UNDERSTOOD Ih~t tM word "Mortppor" wi~ttMr in tF» ~inpula~ a plw~l u?ywMr~ in thiq Mwtppe. ~hell b~ dnQu1M If on~ only ~nd
sh~ll ~ plw~l pietly a+d wv~r~lly H mon M~e? oew, ~nd rhat the word "fl~tir" at us~d ~nywMr~ in thi~ Mo?tp~ ahdi b~ t~k~n ro nw~n "hb,~ '7rn,•.
o• .,~n whrw~r N» com~at io bnplN~ or ~d++l». Abo, tMt wMr~wr ther~ b a nf~renc~ in tM cowMrtb u~d prNrtNnb hN~M oont~fMd fo uiy pf
+h. pNtiN hento, tM ~~lnll b~ oon~tnr~d to nw~n a vwll a tM hdh, Ipd r~pns~nt~tiwa, sua~+son u~d aalper (NtM? volvntary. by ~d of th~
perti~s w tnvolumary by opK~ria+ M fM i~wl of. tlw uerw~ ~nd that tM epvtn~n» ha~in eontiiewd ~1! bind ~nd tM b~fih ~nd~~dv~nu~ tnur~ c=~
fo .np.crtw Mtn. Ip~l nprN.m•tlws, a,cc~uon and us~qru of r1» p~rr'HS h.nro. Q,n~
~
Md t~fd AAaq+poa, fot tl»ms~lvp ~nd tMM M{n. Ip~l reprwntativK, sucuuor~ ~nd auipna, Mr.by jointly ~od NvM~lly oov~unt snd prN
~o end w„h tM wid MORTGAGEE, ita waasson ~nd aapeq;
t. To p~y dl and skqulk t!N prlneip~l ~nd int~t and tl» vnian ~nd sundry wrrw of enoMy p~Y~bb by virtw of uid p~ombwry no1~, uid thM
mart9p~. Mth Md ~vMy. V~~~1? d+11~ ~MP~ctiwlY 1h~ ~~m! Nv~rNly bKOn1~ dw. ~
2 To p~y dl ~nd Nnwln Hw tuu~. ~nw+a. bviw. IbbHlr'Na. ebliparion~ ~nd ~naxebwncM of w~ryr Mtw~ ~d klnd now on wld d~wb~d a
c~ov«h, a tha~ fw~~tfn a~ay b~ 4npoNd wff~nd. P~~ad. I~vbd. or +~d rlw~~on, or fAat M.~aft~r m~y b~ Iwt~d a M~w~d upon tAM Mortp~ rC-`-
.9e, w tM ind~bbderw wtw~d Mnby. ~ad~ ~nd ~wry, wlwn dw ~nd p~y~bl~. ~eeadinp ro Isw, b~fon tMy b~ean~ dd4iqu~nt. ~nd b~fon ~np kN~ra~
a~rachN or ~ny pen~lty b incw~~dt AND INSOF/1R AS ANY THfREOF IS OF RKORD THE SAME SHAII dE PROAAP1tY SIITtSf1f0 AND DtSCHARGfO OF ~
AECOR~ AND TMf ORIGl/+lAl OifICIAI DOCUMENT (St1CN AS. FOR INSTANCE, TME TAX RECEIPT OR tHE SATISFACTION PI~PER OFfICIAILY ENDORSEO
OR CERi1F1E0) SHALL !E 7tACEC IN THE HANDS OF SAID AiWRTGAGEE WITHIN TEN DAYS NEXT AFTER PAYAAENT; ~nd in tM wMt 1Mt ae~r tFrnof p rw~
;•e;d. ~ar:~fied aed di~durp~d wtd MORTGAGfE m~y ~t ~mr tim~ p~y th~ san~ or ~ey pan r1~~of wirhovt wa;vi,+p w~ff~efinp ~r option. Ii~n, puity or
•~vh~ und~r w by virtw of thb monyp~ ie~ tk~ f~ll ~movnt of ~aeb ~nd ~v~ry ~ueh p~ym~nt ~hall b~ imm~di~t~ly dw and pay~bl~ ~nd shall b~ IntN~s~
~~cm tM d~N tha~pf until p~fd N r~t~ of 1fiM pH CMfVI11 pN ~nnum ~nd rop~thN with ~ueh in+NNe ~Mtl b~ ~eeund by tM li~n o( Mis niorprp~,
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