HomeMy WebLinkAbout1150BOr{I( ~U PA(r`~t~~ ~
THIS INDENTi1RE, Made iha 2~.th day of =_ November
_ A.o. iv b~ berwe.n
_ __ Karl Lar_sson and Vilma Larson. his wife
of _ -~' t . Lucie County Florida, htre'nafMr det;gnated at tM "MORTGAGOR," and fiRST fEDERAI SAVINGS AND LOAN
ASSOCIAT!ON OF FORT PIERCE, a mrpwation organized end •xiuing under tM laws of the United States of .M»rica and having Ira principal plaza of
business in the City of Fort Pierce, St. Lucie County, Florida, hereinafter dealgnated as the :%s1()RT E:'
WHEREAS the MORTGAGOR Is Ivst'y inctsbted to tM MORTGAGEE In tM sum of i 1..~7 P a oo good and lawful money of the United
States advanced by tke MOk1GraGEE unto the AirORTGAGOR, ~t evidenced b;' • carf.in promissory nova of even data herewith, of which the fcllowirsg In
worc(y g/idOfi9ulet jioa hue copy, to-wih - No 10 1
s , •
Fort Pierce, flwlda, November 2!~ ip
For value received, 1, we or either of vs, promia-g to pay(~without defalcat'en, to the order of FIRST FEDERAL SAYINGS AND LOAN ASSOCIATION Of
FORT PIERCE at Fort Pierce, FI ride, the sum of ~ }}1~,'7~~~~'" a~o w'ith interest from date at the rate of b % per +nnum, in monthly install-
ments es follo.vs: S 11 ~ ~ on tM 10}"tlay of January , ,9 ~ end a hke sum on tM eorrnponding day of each month there-
after until the whop be fully paid.
Each installment first shall be applied in payment of tM Interest and than on the unpaid balance of the principal sum. If default la nsade In the
psyrnent of any installment when due, and wch default b~nlinws 30 days, then st tM option of 1M holder, and without any other notice, rll the remaining
imtai~imenh shell be dus and payable at once. Privilege is given to prepay this note in whole or In parr at any time without penalty. Nelth :~,.bearance,
nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge off ~~jj aAalt be
added to each indellment romaining unpaid 7 days afar its due daps, and a like wm shall ba added to each wch instalime .t remaining unpaid 7 days after
each succeeding payment date.
Each maker, surety end endorser hereof, (ointly and severally, waives demand, presentment protest end Worsts of protest for nonpayment, arrf furtlser
agrees to any extension of time of payment, eiti,ar before or after maturity, without notice to any of us; end to pay all costs of coitection, Including e
reasonable attorney's fee in the event of any default hereunder, and hereby severally waiver all benefit of homestead end exemption under 1M constitvtbn
and laws of each State of the United States, es against this obligation or •ny extension or renewal hereof. ~ ;
r~
Witnett tM hand end .sal of oath party. /g/ KARL LARSSON (SEAU
s VILMA LARSSON (SEAL)
t 1% • ~~ 1 State Revenue
(SEAL)
(SEAL)
(Stamps cancelled on original note) 15 000 • 00
NOW, THEREFORE, the MORTGAGOR fa tM purpose of securlrsg payment of sold rum of S ~ end tM periormanp of tM
co•:enants and agrsementa hereinafter expressed. and for divert good and valuable contidsrations, by tMae presents, dws grant, bargain, tall, remise,
release, convey cooty' m unto t'te MORTGAGEE, its svcceswrs and assigns, all that certain lot, pieu a parcel of land, situate, lying, and being in the
County of ~~ • LUC ~ A and State of Forida, desvibed •s followst
From the Itorth;~+est corner of the NE~ o f the SW~- of Section 26,
Township 35 South, Range L}0 East, run South 720.5 feet for point
of beginning; thence continue South 157.03 feet; thence turn and
run East 2900 feet, more or less, to the Indian River; thence
run Northwesterly 170.92 feet, more or less, to a point on the
bank of the Indian River which ifs 157 feet North measured at
right angle-from the East and West line aforesaid; thence turn
and run West 2830 feet, more or less, to the point of beginning,
together with riparian rights. r
o/~'
~~c~ived s ,. n,,,•=in.'ayrro,F ~' , . ,.
~ -- t ,
-~ ~t~ocr SL Lune Coin - .
together with ell end singular tM tenements, hereditaments and appurtances thereunto belonging or in anywise appertaining tF»rato, and all rents, Issues,
proceeds and profits accruing and to accrue from said premfses, all of which era included in the above and foregoing desuiption end Mbendum.
TO HAVE AND} TO NOLD the about described and granted premises vrlo tM said MORTGAGEE, its successors and asaigru forever. And tM said
MORTGAGOR for 1Ch8 r -heirs, executors, administrators and atsfgns, hereby covenants with tM told MORTGAGEE, Its successors and assigns,
that - ~~~-$~8- lawfully seized of tM said premises in fee s[mplet that the soma era free, clear and discharged from alt liens and ancvn+-
brances in Lew or in equity, end that theme will end their „_ Mlrt shall warrant and defend tM title to the uma to 1M s+id
MORTGAGEE, its svtcetsors and assigns, forever against the lawful claims and demands of all pertonat
PROVIDED, AIWA'/S that if the MORTGAGOR shall pay unto tM MORTGAGEE tM promisaa~ry note Mrainbefore dasuibed and shelf truly, promptly
end fully perform, discharge, execute, complete, comply with end abide by each and every tM stipulationt, agreements, conditions and covenants of said
promissory note end of this Mortgage, then this Mortgage aril tM Estate hereby ueatad atoll case and be null and void.
It IS UNDERSTOOD that tM word "Mortgagor" whether in the singular or plural anywhere In this Nbrtyage, shell be singular if one only and
shall be plural jointly end severally if roots than one: and that the word "their" as used •nywhars in th;t Mortgage shall bs taken to mean "hit;' ''hen,"
or "its," wherever the context so implies or admits. Also, that wherever there is a refererxa in tM covenants and agreements Mrain contained to any of
the parties hereto, tM same shall be construed to mean at well as tM Mirt, lapel representatives, autic~uors and assigns (either voluntary by act of tM
parties or involuntary by operation of tM law) of tM same end that the covenants herein contained shell bind and the benefits and advantages Inure
to the respective heirs, legal representatives, successors and assigns of the parties Mreto.
And said Mortgagors, for themselves and their heir, legal npresentatlves, svctesso.-a end assigra, hereby jointly and wwraliy covenant and agre+
to and with the said MORTGAGEE, iN successwt end assigns:
_ 1. To pay all and singular th s principal end interest arw the various and sundry sums of mor»y payable by virtw of aid promissory note, and thh
mortgage, each and ovary, promptly on tM days rezpe<tively tM tame wveraily become dw. ..
Z. To pay all end singular the taxes, ataassmenN, Icvies, Itebilitiet, ob?°gationt and entvrgbnnces of ovary nature and kind now on old desttilred
Property, or that hereafter msy be imposed, suffered, placed, levied, or assessed thereon, or that hereafter may bs levied or assessed upon this Mortg-
_ age, or the indebtedness secured hereby, each and every, when dw and payable, auording to law; botore they bacorrw delinquent, and before spy interest
attrches or any pendity is ina,rred; AND INSOFAR AS ANY THEREOF iS CF RECOf!D THE S•'U4E S!iAll BE PROh1PTLY SAiiSfIED AND DISCSfARGED Of
RECOR9 :. `:D THE ORiGI'~AL OFFICIAL DOCUMENT (SUCH AS, fOp INSTANCE, THE TAX RECEIPT OR THE- `1TISfACTION PAPEtt OFFICIALLY ENDORSED
Ok CERTIFIED) SHALE BE PLACED IN TNF HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is nct
paid :at-shed aid disc~arged said MORTGAGEE may et any lima pay the same or any pert thereof without waiving or affecting arty option, Iran, equity or
right under ar by vi:tug cf the morijage ar.d the full amount of each and every such payment shell ba immediately due end payable and shat! bear Inierast
fro^+ the date thereof vnti; pa'd at rate of Wino per centum pct annum and togethsr with such interest shall be recvred by the lien of thin morgtsga.