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HomeMy WebLinkAbout04750. R.' Bt;~t 49 >~~~ TFIIS INDENTlr4r. AAade the 2nd day of NtlVBtnht-ar A.D. 19__E1.[ ~ between _ _ Eli zabeth Ad,,4lerle~- land GfjorQ.e A derle3L, hAr hTt g;~r~nd_, _ of St T. 1C{A ~, Ca:nty Fforida, hereinafter eiesignafed as the "MORTGAGOR," end FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF fURT PIERCE, • corporation orpanlzad and extating under tM laws of tM United States of A.merlca and having its principal piece of business In t-e Ctty of FOrt Pierce, St. Latta County, Fisxlda, Mralrsaher d•tignated a the ''MORTGAGEE." WHEREAS the MORTGAGOR h justly indebted b tM MORTGAGEE fn Nse wm of S- Z -~-.~n - ~~---. gad and lawful me+•ey of the United ~ States advanced by the MORTGAGEE unto the MORTGAGOR, N evidenced by t certain promissory oats of even data herewith, of which the (allowing in words and figuros It s true copy, Towit: Fort Pierce, Florida, November 2, f952~. for value received, I, we or either of us, prom~isentfolp~ay, without defalcation, to the order of FIRST FEDERAI LSAVILNGS AND LOAN ASSOCIATION OF FORT PIERCE et fort Pierce, Florida, the sum of S-~-a-~~y~~- with intarest atom deft et the rate ofd . V_% per annum, in monthly instal- ments es follows: 5 ~ • 00 - on 'he~~-- day of De (`+!~ a h' - 19~ end a like wen on the corresponding day of each month there- after until she whole be fc~ity paid. Each installment first shall be applied in payment of the intarest end then on the unpaid balance of the principal sum. If default is made in she payment of any installment when due, and such default continues 30 days, then at the option of the holder, and •vithout any other notice, all the remaining installments shall be due end payable at once. Privilege is given to prepay this note in whole or in part at any time without penalty. Neither forebearance, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge of Sl.-~-, shall be added to each Installment remaining unpaid 7 days after its due date, and a like sum shall be added to each such instalknent remaining unpaid J days after each wccseding payment data. Each maker, surety and endorser hertof, jointly and severally, waives dtmand, presentment protest and notice of protest for nonpayment, and further agrees to any extension of time of payment, either before or afte~ maturity, without notice to any of us; and to pay all costs of collection, inciud:ng a reasonable attorney's fee i:t the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution and laws of each State of the United Stdf-e s, as ageless this obligation of any extension r renewal hereof. Witness the hand and seal of each party. - S Elizabeth Adderle~, (sEAL> ' S G?or~zP Adderley (SEAL) (SEAL) (SEAL) (_~. ~a )State Revenue (Stamps cancelled on original note) NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 2 s ~~Q _ Q~ -and the performance of the ccvsnants and agreemenh heroinafter exprused, and far divert good and wluable considerations, by thtse presents, does grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors end assigns, ail that certain lot, pieta or parcel of land, siiuste, lying, end being in the County of St I,TT^1 A _- and State of Florids, de:.cribed a followu Lots 1 anal 2 of Block 9 of the Lincoln Par<< No• 2 Subdivision as recorded in Plat Book 3, at papa Z)., of the uublic records of 5t, Lucie Count~~, Florids./ c~ E :, . - '~-iaiL f~lizctof, together with all and singular the tenements, hereditaments and appurtances thereunto belonging or in anywise appertain!ng thereto, and all rents, issues, proceedt sod profits ac_:uirys and to accrue from said Dremiaet, ell of which ere irxiuded in the shove end foregoing description and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the raid MORTGAGEE, its successors end assigns forever. And the said MORT" for _ thej_r heirs, executors, administrators and asstgns, hereby covenants with the said MORTGAGEE, its wccessors and auigns, that ~-~~---- !awfully seised of the said premises in fee simple; that the came ere free, clear sod diuharged from ell liens anal enwrrr brancea in law or in equity, and that the`1 will and thsir heirs shall warrant end defend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims end demardt of all persons; PRO\'IDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory rwte hereinbefore described and shall truly, promptly and fully perform, discharge, execute, complete, comely with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of th;s Mortgage, tT,en this Mortgage end the Estate hereby ueated shall cease and be null and void. IT IS UNDERCTOOD that she word "Mortgagor" :rhether in the singular or plural anywhere in this Mortgage, shall be singular if one only end shall be plural jointly and severally if more than one, and that the word "their" es t•sed anywhere in this Mortgage shall be taken to mean "his," "hers," o. "i}s," wherever the context to imp:ies or admits. Alto, that wherever there is a reference in the covenants and agreements herein contained to any of the parties hereto, the same shall k,e construed to mean as well ss the heirs, legal representatives, successou and -ssigrs (either voluntary by act of the parties or invo'untary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages inure to the resoec•ive heirs, legal representatives, wccessors and etsi~.~s of •he parties Hereto. And raid Mortgagors, for themselves and their ht:,-s, leg i representetivat, suc~esaors and assigns, hereby jointly and severally covenant end agree to and with the said MORTGAGEE, its wccessors ars!t assigns: 1. To pay ail and singular the: principal end interest end the various end sundry auras of merney payable 61 virtue of said pron.iunry Hato, and this mortgage, each and every, promptly ors the days respectively the tame severally become due. 2. To pay all and singular the taxes, etsesrments, levies, Ilsoilities, obligations and encumbrances of every nature avid kind now on acid described property, or that hereafter may be imposed, ±uffered, placed. levied, or assessed thereon, or that hereafter may be levied of assessed upon tf~is Mortg- age, or the indebtedness secured hereby, each and every, when due and payable, according to law, before they become delinquent, and before any interest ru::ches or any penalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHALL i3E PROIAPTIY SATISFIED AND DISCHARGED CF k:CORD A':D THE O?( ;:ti,'.L OFFICIAL DCKUMEtdF (SUCH AS, FOR INSTANCE, THE T:4X RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENCORSED OR CERTIFIED) SHALI ©F PLACEC I'T THE HANDS OF SAID 1ORTGAGEE WITHIN TE`7 DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not d, s_'slied ar.d d scharged said 1,?ORTGAGEE ma•~"at ar.y lira: say the same or any part thereof without waiving or affecting any option, lien, equity or ri~hr v-der or by virtu-- ci this mortgage end the full arnoun• of each and every wch pryr^.snt -shall be immediately due and payable and shall bear interest from the dote thereof cant : paid at rate of nine per centum per annum and together wah wch interest shall to secured by the lien of this morggage.