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Home My WebLink About2530i ~. 1~ x f ~I ~ S ~-R3'~U ~oroD THIS MORTGAGE INDENTURE, executed this 4th day of Dce~llber , A.D. 19 80 , by RDY D. IAYOOCK, joined by his wife, R06II~IAFOC E. IAYOOCIC, of the County of Palm Beach ,State of Florida, hereinafter called the Mortgagor, which term as used in every instance shall include the mortgagor's heirs. executors, administrators. successors, legal representa- tives and assigns, including all subsequent grantees. either voluntary by act of the parties or involuntary by operation of law, and shall denote the singular and/or plural, ~lnd the masculine and/or feminine. and natural and/or artificial persons, whenever and wherever the context so requires or admits, parties of the first part, and FIDELITY FEDERAL SAVINGS AND LOAN ASSOCIATIO?Y OF WEST PALM BEACIi, a corporation existing under the laws of the United States of America, and having-its principal place of business in the City of West Palm Beach, Palm Beach County, Florida. hereinafter called the Mortgagee, which term as used in every instance shall include the Mortgagee's successors, legal representatives and assigns, party of the second part. WHEREAS, the biortga or is justly indebted to the Mortgagee in the sum of slxrx T~sArro AND lac/~o ~==-_ _ , - ------ - - - ~a 60,000.00 ) ;~ DOLLARS, good and lawful money of the United States advanced by the Mortgagee unto the Mortgagor, as evidenced by a certain promissory note of even date herewith, of which the following in words and figures is a true copy, to-wit: .~ 60,000.00 Decenber 4 80 s_ _ _ _ west Palm Beach, Fbrida, _ _ _ . 19 x FOR YAItIE RECEIVED,the undersigntd jointly ant severally promise to par to the order of FIDELITY FEDERAL SAYINGS AND LOAN ASSOCU1TtON OF MIEST PALY BEACH at its office in the City of West Palle Beach, Florida, the sum of t ' SDt i Y TIiOU.SAhID AND NO/100-- ---- DoLURS (160.009, QU 1 t~wii~~~~s ~r~ IIL 11tQlltl~o cots of /lug- -- -va,LARS (t _ 745.30 1. n J N The first monthly instsBllTent sha8 be due and parable on the 1St _ . _ _ day of _ - _ ,1antlary _ _ _ _ - _ • 19 87. i g and wbsequem installments shall be due and parable on the f1rSt __ day of each and every calendar month there- ~ < after until the principal and interest are fully paid. All Mrlllellts made upon this note shall be applied firs! to the payment of o ~ t- o iMaest and secondly to the payment of principal. „ ~ W ~ This obligation shall bear interest trom date at the rate of _ ~JI~.m1 _~l!ID_ a~ _N_~;ler ant (.14.50 xl ~ c ~ o ~ per amum until the principal and interest are fully paid. Aforesaid interest for each calendar month shall be aarued on the fiat day r i ~ „ ~ of said mo11tA and be canpllted on the unpaid balance of prinapal and interest a:istirtg on the last day of the preceding month. 3 ° ~ ~ o = In tAe event ~ ant required to be made, as above set forth, shall not hm been made within thirty days following _ ~ Y ~ o ~ its due date, then and in that event, this note shall be considered in detauN and shall remain in default until said payment shall Aare ` o ~ u ~ o W been made. WAik in default. and in lieu of the interest above set forth, the unpaid balance of principal shall bear interest at the Z ~ o a: ~ rate of 16.50$ per amlan. In the event of default the whole of said indebtedness shall thereupon, at the option of _ ` m ~ J tAe holder. become sl,rllcdlateq due and parable without demand or notice. r'~ o ,~ ~ d M addition to the foregoing monthly instalments, the makers shall hate the right to make preparnlents on the principal r W ~ ~ of this abHgation, provided, however, for such prepayments. a prepayrtlent penalty may be charged by the holder hereof of an _ ~ l~u amount which equals s6c months interest an flat part o! the aggregate amount of said principal prepayments made on this obli• Z ; gation in any 12~Irlonth riod whits elltetds 20% of the on foal pe g principal amount of this obligation- All prepayments made on 3 this indebtedness may be reapplied from time to time in whole a in part by the Holder hereof to ofl•set payments which sub stquenUr accrue under the terms of this note. Aq makers and endorsee now or herafter becoming parties hereto jointly and severally waive demand, notice of llon•paynlent and praest, and agree that ii this note becanes in default and is plated in the hands of an attorney for collection, to pay reason- able anorlley's tees and ~l ocher costs for making such oolkction. (including but not limited to oDllection with or without filing suit, and appeals). -------------------------------------------------- D•- ----------------------tSEAII «~ 1~3Y LAY --------------------------------------------------~1 -----------------------------------------------~ fns tta. a s.wa y s ootfias a t:eetl dole ezectded ry tae ttulets : twat d FdelAy fedetrl Sarin~s a,.e loan AsT,otiatioe of lust r~r. 8eaclr) WITNESSETH, Thot for di•ert 9oud and •oluoble contiderotiom, and to trcure the poyment or the opgreyote sum o/ owner nonred in the promirsery note of Been date Mrewi-h, Mreinabo•e let forth, together with interest thereon and oll other .urns of money recured Mreby or Mreinelter prodded, /M Atorfgogor door grout, borgoin, utl, alien, remise, releote, coney and confirm unto the Mo-tgogte, in lee simpb, the folbwing dercribed rrwl property bcoNd in ~'. LUCIE County, Florida, of which the Moregogo. it now teired and postetted, and in octuol potwaiwn, to wit: Lots 10, 11, 12 and 13, Block 24, l~I'E CI'T'Y SUBDIVISIQJ, as per . ; ;,~~ Plat thereof on file in Plat Book 1, page 23, of tyke Public laeoords ~;- of St. Lucie Cotmty, Florida, and located in the North 1/2 of ~ ..~v L\. Section 4, Zbwrlship 36 South, Range 40 East, St. Lucie County, -~~,- : ' Florida . *** SUCH Nf0[~fli~,Y AT hli-IICH TIME THE I1J~IRE ~ S~Li, BE IX1E AND PAb48LE. FE^f~Y_^ 1 ~.Za.v`O iN PAY'~`IT OF TARE= L~' C'1 Ci: _: 'C' I::Tf:.}: °.1r Ft:.,J4:.L P~PER1Yr fG:..,;'.ai TJ C:;;.:'..: 71-:.~t, ~::IS Gf 1911. F.~riR P.li`J1S CL:FK G'~UiT CGtl:iT, ST. lU_iE CO* FLA. 1, 1985, Together with ell and angular the Ienenrenlt, herldllemeMt, eetementf and opporrenonut rherwnto bebnging, or :n onywire oppertoining, owd tM renh, inues, and pro6» thereo/, and alto all the estate, right, t.tl., interest and o0 dmmt and demands whotsot•u, of well in bw or in egtriry, el void Mortgagor in and to the tome, and eery port and pored ehereol, and also all got and electric fiatwet, rodiotorr, heoterr, air conditronirt0 egHiP- nrent, mothinery, boilerr, ronget, ele•otors and rrwtort, both tubs, sin-t, want. clotett, water bot.ns, pips+. lovicett, and other plumbirq and hea-in~ 6aturet, nrontelr, wfrigereting ploMr and ice bores, window tcnent, Buren door, •enH.on bLndt, trorm ,hutten and owningt, stoat, o•Mr, rerri0- erotort, dirhwashe.t and dispotob, pool equipment and pool Ilnring sTUems wh,ch o.e now or mot hereolrer perroin to or be wed with, in a. on raid premises ewe though they be deroched o. dNochable, and rM tome ore and thou be dremed ro be f.uures and occesriont to tM freehold and o pots of Me realty ~ Tn NAVE Ar+O TO MOID the oboe desa.bed p•operty unto the Moregog•e ••. wrctt+ort and otr:gnt lou.er. ZSD - t t nd i 290-87576/jp B X344 PAGE~~~I~