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HomeMy WebLinkAbout05598G~1( ~~ fACf ~~~ i THIS INDENTURE, Made tM~ ih day of ~QVeIIbf~ A.D. 19.-i2~, Mtwean ~,_,_, B Walters and Allieag K___l~al~a, hi^ wire, of S~r~ LL1Cie County Florida, Mrainaftsr designated as tM "MORTfiAC,OR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION Of f~ll1 PIERCE, a corporation organized and exirtirg under tM laws of fM United Stares of Amsr?ca acrd having iq principal plea of busintsa In tM City of Fort Pierce, St. Lucia County, Florida, Mrekwfter designated w tM "MORTGAGEE.' WHEREAS tM MORTGAGOR is justly Indebted ro tM MORTGAGEE in ae sum of ~ ~ • ~~0 • GG good and lawful money of the United States advanced by the MORTGAGEE unto the MORTGAGOR, as tvldsriced by a certain promissory note of even date herewith, of which the following in words and figures h a trw copy, to-wib No 1 ~ • ~~ ~ - ~ ~ ~~0 ~-' ~ November 6 ` ? _ Fort PNrrre, Flw(da, a i9 For value received, Ir we or either of us, promise to sy, wltha:t defalcation, to the order o! FIRST FEDERAL SLLAVILLNGS AND LOAN A.SOCiATION OF FURT PIERCE at Fprt'tVtr:;t, F(l~orida, the sum of S_-~..a-Z~p • GG -with interLest from deco at the rate of SLa-kL% per annum, in monthly instail- mentt ea follow: ~,.:.1-L-~~ on the 10th d,y of - Deeem~er iq~SL? and a like sum on the curetpording dsy of each month there- after until the whole be fully paid. Each installment first shall bs applied in payment of tM in!e:est and then on the unpaid baianco of the principal sum. If default is made in the payment of any instelimenf when due, and such default continues 30 days, then at ine option of the holder, and without any other notice, ell Ina remtining ~nstallmente shall be due and payable at once. Privilege is given to prepay this note In whole or in part at any time without penalty. Neither f rebearanct. nor acceptance by the bolter thereof after any default 6t any payments hereon, shall bs deemed extension. A lets payment charge of S 1 • ~~ ,shall be added to exh installment remalnirsg unpaid 7 days after Iri dw date, and a Iiks wm shall be added to each such imtallment remaining unpaid 7 days otter each tucieadirsg payment dote. Each maker, surety and endorser hereof, jointly end severally, waiver demand, presentment protest and notice of protest fir nonpeyrnent, end further agrees to my extension of lima of paymartt, etcher before or after mat•~riry, without noKce to any of w; and to pay all costs of collecrion, including a ressonabis attorney's fee in tM event of any default hereunder, end Mraby severally waives ell benefit of homaetesd and exemption under the constituiion end laws of eGCh State of the United Sates, ss against tk: obligation or any extension or ronewal hereof. Witness the Mnd and seal of each perry. S~ G ~B 14t al t e r s _ (SEAL) S A l~ ~' C" K W a~ . r g (SEAL) (SEAI) (SEAL) ( .~i„~ ~ Q )Stara Rwenuo (Stamps cancelled on ulginaf note) ,; ,loo • 00 NOW, THEREFORE, tM MORTGAGOR for the purpose of securing payment of aid sum of S -~ and tM performance of tM covenants and agretmenri Mrsinaher expressed, end for divers goad and valuable considerations, by iMss przsents, does grant, br•rgain, sell, remise, release, convey and confirm unto tM MORTGAGEE, its successors and aestins, ell that certain lot, p'.eoa or psrcel of land, situate, lying, and being in IM County of .S UC a -and Sta» of Florida, desuibed as follows: Beginning at the SW corner of the NE4 of the NW4 of Section 4, Township 35 South, Range 40 Eest, run thence North 436 feet, East 500 fPst, South -;36 fQet, West 500 feet to the point of beginning, LESS AND EXCEPT the followinfr, described three parcels thereof: PARCEL 1. Begin at the SW corner of NE4 of NW4 of sair~ section 4, run North 150 feet, East 238 feet, South 150 feet, West 238 feet to the point of be- f>;inninR. PARCEL 2. Begin at the SW corner of NE4 of N1rJ4 of said Section LL, run North 150 feet for point of beginning, from said P.O.B• run East 500 feet, North ~66 feet, 4lest 500 feet, South 286 feet to point of beginning. PARCEL 3. Ber;in at the S'r. corner of NE4 of NtJ4 of said Section !f, run East x;00 feet for point of beginning, from sai4 P. 0. B, run North 150 feet, Ole st 1ti0 feet, South ~1J0 feet, East 150 feet f;,o the point of bef inning. / --- in payment of taxes due r'.- . •r:' !..~; ~'` ", ~~ ; rn.,Pr?y III1fSJ3nt f0 iii I. Jai..(,. .. .,~`.JL•4u __ together with di and singular tfis tenements, Mreditamenri and`'s rtancst thertunto belonging or In anywise appertaining thereto, end ell renri, iuues, proceeds and profits accruing end to acuw from sold premises, all of which are included in the above anti foregoing description and habendum. TO HAVE AND TO HOID the above dasuibad aced granted premises unto rho sai¢ MORTGAGEE, lte succeuort and assigns forever. And the saki MORT~,q~,p~rfor - thRi r Min, executors, sdministraton and assigns, Mraby covonann with tM said MORTGAGEE, its sxcsssors and assigns, that ~iR~~L ar9 lawfully seized of tM said premises In fts dmpler that the same are Eras, clear and discharged from all liens and encum- brances In law or In equity, and char Iha will and their hairs shall warrant end defend rho title to the same to the said MORTGAGEE, itt successors and auigns, forever against !M lawful claims and demands of all persontj PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory Hots Mrsinbefors desuibed end shell truly, promptly end fully perform, discharLe, execute, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory Hots and of this Mortgage, then this Mortgage and tM Estate hereby ueatsd shall cease end be null end void. IT IS UNDERSTOOD that the word "Mortgagor" whether in Iha singuhr or plural mywhera in chit Mortgage, shall be singular if one only and shall be plural jointly and severally if more than one, and that 1M word "t Mir" as used anywhere in this Mortgage shall be tak_n to mean "h%s;' "hare," or "its," wherever the context so implies or admits. Also, that wherever ihsrt It a raforencs in tM covenants and sgreemsnts herein contained to any of the parties hereto, the tams thlll bt construed to mean as welt as the Mirs, legal npresentativn, successors and astigm (either voluntary by act of the parties or involuntary by operstion of the law) of the tome and that ihs covenants herein contained shall bind and the benefits and advantages inure to the respRcttve heir, legal representatives, su~cesson end assigns of rho parties Mato. And raid Mortgagors, for themselves end their heirs, legal representatives, suc~sssors end assigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its su:.cesscn and oesiga: I. To pay ail end singular tM principal and interest and the various and surdry sums of money payable by virtue of said promissory note, and this mortgage, .ech and every, promptly on the days respectively the same severally become due. 2. To pay ail and singular tM taxes, essessrr:enri, !evict, iLbiiities, obliaattorts and encvmbrancet of every nature end kind now on said described property, or that hereafter may ba imposed, suffarerf, placed, levied, or asessted thereon, rv the! hereafter may be levied of assessed upon this Mortg- age, or the indebtedness secured hereby, tech and every, when due end psyab!o, accordirg to Ir.~.~, before they become delinquent, end before any interest att ,cues or any penalty is incurred; A",D ii.SOFAK AS ANY `rHEREUF IS GF RECORD THE SAME SHAH BE PRO!hPTLY SATISFIED AhD DISCHARGED OF ?=COP,O AVD THE ORf ~INP.L OFFICIAL DCCU!AENT !SUCH AS. FOR INSTANCE, THE TAX RECEIPT OP. TH'e SATISFACTION PAPER OFFICIALLY ENDORSED OR CEP,TIFIED) SHALL B: PLACED IN THE HANDS CP SAID MORTGAGEE WIfHiN TEN DAYS NEXT AFTER PAYMENT; end in the event that any thereof is not ps:d, saYsfirl and discharged said MORTGAGEE may tt any time pay the tame or any part thereof without waiving cr affecting any option, lien equity or right undo' or by virtvr of this mortgage and the full amount of each and every exh payment shall :x immtdiatcly due and payable and shad boar interest iron thr date thereof until pa"d at carp of pin: per centum per anr.~rm end together wish such interest shall be secured by Iha Ilen of this morg!age.