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34~3518
THIS INDENTURE, Made the l~~t t~ day of ~X 1~ A.P. 19~ betwaen
~ Johii Scott \eill and F.lizat~eth S. Nc.~ill! his ~vife
of S~ , 1'ULi~'• County Floride, herei~after designated as ihe "h10RTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAN
: ASSOCIATI~N OF fORT PIERCE, e corporotion organi:ed and exiiling under tha laws of tha U~~ted Stet~s of America and having its principal place of
builnes~ In the City of Forf Pierca, St. tvc~e County, Floride, hereinafter designated as ths "h10RTGAGEE:' ~
WHEREAS the MORTGAGOR i~ j~itly indebted to the MORTGAGEE tn the sum of ;~r~~2~Z.~.Q , good and lawful money of the United }
Stetei edvencad by the MORTG.IGEE ~nto the MORTGAGOR, as evidenced by a cerrain promissory nota of evan dara herew~~h, of which the iol?owi~g tn •
words end fl8ure• is e tr~e copy, to-wit: ~
s 25,6U~J.00 ~ _ ~0 1 n~~l ~n~
fort Pierce, Florida, ~Pr 1 1 28 ~q 7 S }
For valve received, I, we or either of u~, promise to pay, without defalcaNon, to tha ordar of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF ~
FORT PIERCE at fort Pierce, Florlda, the sum of S 25~600. VO with interest irom date at the rete of~ • 5 °6 per annum, in monthly instali• '
ments as follows: s 2~7. UO on the 20Lh day of -~Un~ , 19?`~ and a lika sum on the corresponding.day of each month Ihe~e- ~
after until the whole be fully paid.
Each installment firtt shal) be appiied in payment of the intereft and ihen on the unpaid balance o` the principal ~vm, if default ts made in the
y payment of any instaiimeot when due, and wch default contin~ef 30 days, ihen at the aption of ihe holder, and without any other natice, all the remaining .
~ instaltment~ shall be due and payab!e at oncr. Privilege is gi~-<: n to prepay this nota in who!e or in parl et any time without penalty. Neither forebearante,
- nor acceptance by the holder thereot after any defavlf In a~y payments hereon, shall be deemed extension. A late aayment chnrge of S 10 ~ shall be - ;
added !o each in~tallmenl remnining unpaid 7 days after its due date, and a like s~m shall ba added to each suth insta~lment remaining unpaid 7 days after ~
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each ivcceeding payment dete. ~ t
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Eath make?, svrery and endorser hereof, joinlly and severolly, waives demand, presenlment protest and notice of protest for nonpaymant, and further #
agreei to any extension of time of payment, either bufore or after maturity, without notice to any of us; and to pay all co~ts of collection, includ7ng a ~
reasonable attorney i fee in the evenr of any dafavlt hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution `
and laws of each State of the United States, as against this obligation or any extension or tenewal hereo ~ ;
Witness the hand and ~eal of each party. t ±'~~s~ -
' _ 5 il S O t.~l (SEAI)
- (SEAL)
~ S~ • izabeth S. \elll (SEAL)
(SEAu
~ ~3t3.4U 1 State Revenue , ~
)q7F~Fs?~iKYilidillWta61~[)i~f~5Cd~6lE}C - .
NOW, 7FIEREFORE, the MORTGAGOR for the p~rpose of securing peyment of ~aid sum of ; 2~, 6v~ -~Q , and the pe?formance of the '
covenants and agreements hereinafrar expres~ed, and for diver• good and velvabls considerotions, by theae preient~, do~s grant, bargain, sell, remise,
release, convey and confirm unto the MORTGAGEE, its successors and ei~igns, all that certain lot, picce or parce! of tand, tltuate, (ying, and bting in tM
. Covnty af St . LuCie and State oE Florida, described u follovri: - t
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Condominiun Parcel \o. 72b of CAPSTA\ I, according to the Declaration - -
of Condominium there~f, recorded in Official Record iiook 232, at pages -
G19-711 of the pubiic records of St. Lucie County, Florida. -
S~lBJECT to terms and co»ditions of said Declaration of Conclominium, the
` Articles of Incorporation, By-Laws, and Declaration of Covenants and
~ Restrictions of Ocean Village Property Owners' Association, Inc.., with -
i which terms and conditions the mort~agor covenants to cor~ply and perfor~n. ~
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together with all and iingular the tenementa, htreditaments artd appunances there~nt~ belortging or (n anywite appertaining thereto, and all rent~, issues,
proceedt and profits atuuing and to aarue from said premifai, aN of which are included in the abova and foreQoing de:viption and haben~~m.
T6 HAVE AND TO IiOLD the above de~tribed +nd gnnted premiies vnto fhe sald h1~RTGAGEE, itt successors •rtd aaifln: forevtr. And IM safd
MORTGAGOR for t he i z. _ herr., executor~, admint:troton and atsiyra, hereby covenants with ths taid MOR7GAGEE, iri successors ~nd auipro,
that t he y a re la,~vfutly seize~ of the said premi:ea in fee simple; that ths same ars free, dasr and discfiarged from all liens and tncvm-
brance• in law or in ~rqvity, and that they ~,,,,;~I and t1121I fietn sh~ll warrant and dafend the titl~ to the ~ams to tM aid
~ MORTGAGEE, its succesion and asiigns, forever agaln~t th~ lawful ilaim~ snd demends of all pertom;
PROYI~ED, ALWAYS that if tM MORTGAGOR sfiall pay unlo ths MORTGAGEE t}?~ promiiwry note hereinbefor~ described and shall truiy, promptly
~ - and fulty perform, discharge, exccute, complete, comply with and abide by each and every the ~~ipulationi, agreements, conditioru snd coven+nts of said _
promiiwry ~ot~ and of thii MortgeQe,- then this Morigage and the Eitate her~by crested aFull ct+s~ end b~ nvll and void.
IT IS UNDERSTOOD that th~ word "Mortgeyor" whether in the •inpul~r or plural snywhert in this Mortyepe, shall b~ sinyulsr if on~ only +nd
" shall be plural jointly and ~everalfy If more than one, and thst the ward "their" as vsed anywh~ie in this IV~ortqaye shall be taken to mr-an ^his;' "htn"
or "it~;' whe~awr sha contex~ w impltes or admitf. Also, that wherever there ii a r~ferenc~ in the covenanri ~nd apreem~nb herein conNTn~d to any of Q
; the partta hereto, the sam~ ihsll be con~trued to mean ~s well ai th~ hein, leyal rtpresent~tivh, •ucceuan and suipns (~ither volvntary by acf of tM a~
~ p~nia or Tnvolunt~ry by opsration of the law) of t}u s~me and that the coven~nt~ Mr~in contsined shall bind and tM benefin and advant~Qes Inur~ ~ t
; to the respectlw hsirs, lepal representative:, succesion a~ eis~yns of tM psnira hsrato. _
And ssid Motty+Qon, for them~elves •nd :heir hein, leyal r~pre~ent~tivn, ivcu:wrs and aisiynt, htreby (ointly, and severally cov~nant ~nd ayree ~
= ro ind with th~ satd M~RTGAGEE, i» wcceuora and auignr. .
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` - 1. To pay ~II ind finpuler the printip~l ~nd interest •nd the wrian and wndry ~vmt of mtmey payable by viHue of said promissory nots, and thi~
~ mo:tgags, e+ch and ~v~ry, promptly on th~ d~ys respectively tF?~ tsms ssrtr~lly becorn~ dus. ; Q~
2. To psy all and •inpular the t~xes, is~etsmenn, I~vtes, Ifsbilitie~, obliy+fim~ artd tncumbranca of `svery narur~ and kind now on saW deavil~d
property, a tnd fitre~fttr may t,~ impa~d, tuffered, pl~ced, levi~d, or seNSSed therron, or th+t henaft~r may M levied ar asessed upot~ thIs Matg- ~
; -~e, or th~ tnd~btedesu iecvrsd hereby, eech and avery, wMn due and pay~bl~, accadinp ta iaw, befor~ thiy becom~ delinqvant, and b~fon any Fnt~ns~ a,c
attschei or any panalty ii incvrred; AND INSOFAR AS ANY THERfOf IS Of RECORD THE SAME SHAII BE PROMPTLY SATISf1ED AND OISCHARGED OF ~n
~ RECORD AND THE ORIGINAL QFfICIAt DOCUAAENT (SUCH A5, FOR INSTANCE, THE TAX REtEIPT OR THE SATISfACTION PAPER OFfICIAILY ENDORSED G.,o
- OR CER11f1ED) SHALL BE PLACEU IN THE HANDS OF SAID MORIGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; +nd in iM ~vtnt tMt any ihereof is not ~
p~id, sat'ffied end distharyed sa:d MORTGAGEE may at any time pay tht •ame w~ny p~rt thereof vyitFw~t wa~+iny or afhcfinp sny optia+; IFtn, pvity or
ripht vnder or by wirtue of thii mortyape and tfie lull amovnt of esch and every ~vch payment sh~ll be tmmediately dw a~d p~yabk ar~.i sfi~ll b~ar Entereti
From thx d~te ther~of until paid at rate of nine per centvm per annum and toyether wrth wch int~rest sfiall be secured by tM li~n of th:t mor~ta~.
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