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HomeMy WebLinkAbout0989 t J 1` N •` J v ~.-]L__ day of --11Q ar~~tTf,'Z' _~ ~ A D 19 ~)~~ between - THIS INDENTURE, Made ttia_ +- ~i~ ,riff} r"homag J ~lt~ tt. and ~`~_Te Fiiuet Y1.-- - - ~^s - of _~'t:~ T,I]CiA County Florida, Mninafter designated as the "MORTGAGOR," and FIRST FEDERAL SAYINGS Ahp IOAN ASSOCIA110N OF FORT PIERCE; a corporation orger.ized and xiN:ng under the laws of tM United 5tatn of Amark: •nd having its principal plsc• of bvuness in IM Cfty of Fo•t Pierce, St, facia County, Florida, harrlneftsr designated as tM "1O~RaTGA/~GEE." WHEREAS the MORTGAGOR is justly indebted fo tfs h10RTGAGEE in the sum of f_1L •G~`'e~Q ,good and law(vi money of the United States advanced by the MOR1GAGEE unto tM MORTGAGOR, as avldanced by a certa~n promissory rote of even dots herewith, of which the following in words end figures is a true copy, to-wit: s ~ ~ ! ~ ~ ~ . Q n ~ -,~ ~ (~--rte-- ' Fort Piarta, Florida, tloyQmbfTr ~ G iv.~.'- For slue received, 1, we or either of vs, promise to ay, ••rithaut defalcation, to she order of FIRST FEDERAL S[AVINGS ANp COAN ASSOCIATION OF fORT PIERCE at Fort Pierce, Florida, the sum of S ~~.t?~~ 0`~ -with interest from data at the rote of SJ~4o per annum, in monthly Install- ments es follows: s_-~'.2-+>Q-- on the ZIlf~. day of Janua~•y i9~ and a like sum on the corresponding day of each month t`,erc- after until the whole be fully paid. - Eech installment first shall be applied in payment of 5f0 f,sterest sad then on the unpaid balance of the principal sum. If defeuit is mode in the payment of eny instaL'ment when due, and such defeuit continues 30 days, then et the option of the holder, and w'tho~t any other notice, all the remaining installments shall be due and payable at once. Privilege rTgiven to prepay this rota in whole or In part at eny time without penalty. Neither forebearance, nor acceptance by the holder thereof after any default in eny payments hereon, shall be deemed extension. A late T ayment charge of S-~.1-3-, shall be added to each installment remaining unpaid 7 days after its due dote, and a like sum shall be added to each such installment remaining unpaid 7 days after each sLCCeeding payment date. Each maker, surety and endorser hereof, jointly and severally, waives demand, presenTn,ent protest and notice of protest for nonpayment, and further agroes to eny extension of rime of payment, either before or after maturity, without notice to eny of us; end to pay ell costs of collection, indud:ng a reasonable attorney's fee in the event of any defeuit hereunder, end hereby severally waives all benefit of homestead and examntiorr under the constitution and laws of each State of the United Stares, as against this obligation a any extension or rEnewal hereof. Witness the hand end teal of tech party. S~ Th ram a ~ T ~ T~1 t) A t-1- (SEAL) S/ ?•t~A T F~~ t)pt (SEAL} (SEAI) - ~ (SEAu (_ f ~ ..~_) State Revenue -- (Stomps cancelled on original note) NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S~t.J<2~~~~~ and the performance of the covenants end agreements hereinafter expressed, and for divers good end valuable considerations, by these presents, does grant. bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and assigns, alt that certain lot, pieta W parcaf of :ana, arcuate, lying, and being in th• County of S t I uC ie and State of Florida, described •s follows: Lots 1, ?_, 3, !F, Block 21, of ITIDIAII RIVER ESTATE" ;~TT3DIVISION, ~?ection 6, a Subdivision according; to the Plat t;her©of, record- ed in Plat 'hook 10, P~~;e 57, of the Public Records of St. Lucie Countr, I~lcrida.~ ~{ ~-S.I° Received S v in payment of taxes due on Class 'C' lr,largible Personal Prot'°r±v ua;-.;ant to Cha ~t) 2d, Lava of FI ~a, <:.,;~ ,' 1 ax ollector, St. Lucie Cu ,Florida together with all and singular the tenements, hereditaments end appvrtances thereunto belonging or in anywise appertelning thereto, and all rants, Issues, proceeds and profits ecuving and to acuue from said premises, all of which-are included in the above and foregoing description and habendvm. TO HAVE AND TO HOLD the above described and granted promises unto tM said MCRTGAGEE, its succasaon end assigns forever. And the said MORTGAGOR for --tT'',-~~~' -heirs, executors, adminlstratora and assigns, hereby covenants with the said MORTGAGEE, its svccessota and assigru, that ~@~--$iz~- lawfully seized of the said promises in fs• simple; that tM same sn free, clear and diuharged from all Item and encvrtr brances in few or in equity, and that~S~.._ will and ~r}la{ r hots shall warrant and defend the title to the same to the said MORTGAGEE, its successors and ensigns, forever against the lawful claims sad demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note heretnbefore dssuibed and shall truly, promptly and fully perform, discharge, execute, complete, comply with end abide by each and every the stipulations, agreements, ~ond~tions sad covenants of said promissory note and of This Mortgage, then this Mortgage end -ha Estate hereby ueeted shall cress end bs null and void. 1T IS UNDERSTOOD that the word "Mortgagor" whether in tie singular or plural anywhere in this Mortgage, shall be singular if ana only and shall be plural jointly and severally If mere then ono, and that the word "their" as used anywhere In chit Mortgage shall be taken to mean "his;' "hers;' or "its," wherever the context so implies or admits. Also, that wherever there is s refersnca In the covenann and agroemenh herein contelned to any of the parties hereto, the tame shall be construed to mean as well as the hair, Itgal representatives, successors and assigns (either voluntary by •tl of the parties or involuntary by operation of the law) of the same and that the cwensnts heralr. conUirsed shall bi:xl and the benefits and edvantagss inure to the respective heirs, legal representatives, svccessen end cstigns of the parties hereto. And raja Mortga!Nrs, for t:iemselves and their heirs, legal tepresentatives, succeuors and assigns, hereby jointly and ceverally covenant and agree to end with the said MORTGAGEE, Its successors and assigns: 1. To pay all and singular the principal and interest r;nd the various and Landry sums of money payable by virtue of said promissory rota, and thla mortgage, ear-h and every, prompHy on the days raspewely ihs same severally bKOme due. 2. To pay ail end singufift+the taxes, assessments. levies, Ilabilities, obligations and truvmbrencss of every nature and kind rww on sold desuibed property, or !hat hereafter may be imposed,- suffered, pieced, levied, w assessed thereon, or that hereafter may bs levied a aneuer; upon this Mo,tg- ege, or the indebtedness secured hereby, each ;.:td ovary, when dun and payable, •ctording to law, before they become delinquent, and before •rry interest arcches or ary penalty is incurred; AND lNSOfAR AS ANY THEREOF IS OF RECORD THE SAME SHAII BE PRO1r1PTCY SATISFIED AND DISCHARGED OF RECORD A`:D 7HE OR!:,1VAC OFFrCIAI DOCUMENT (SUCH AS, fOR INSTANC`, THE TAX RECEIPT OR Tf :SATISFACTION PAPER OFFICIALLY ENDORSED O~ CERTIFIED) SHA[t BE PCACCD IiJ THE HAiJDS OF SAID isA'~RTGAGEE WITHIiJ TE4 DAYS NeXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and discharyed said /.1RTGAGEE may at any time pay thr same or any part thereof without waiving or affecting any option, lien, equity or is hr u ,der er by virtu^ ; f this mortgage and the full amo:mt of each end every suth payment shall bs immediately due and payable end shall bear interest from the date th.raof unNi paid et ate of nine per centum per annum and !ogether wah such interest shall be atcured by the lien of this morptags. __ a.