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HomeMy WebLinkAbout1177~ ! b~JRx ~© THIS INCENIURE, Made •ft• ?~ day of fdtE ~~J ,% V E)Tlibe T` ~ /l0. 19_ 6 ~ between .att. his Wire of SI Lt1Q10 ~.., County fiprlde, hereinafter deaign•ted N its "MORTirAGOQ;' and FIRST fEDfftAl SAVINGS AND LOAN ASSOCIATION Of FORT PIERCE, o aorypration organized and existing urrv:'er tM laws of tM United Ststea of Amerka and isavfng h1. principal place of business In tM Ciry of Fort Plwu, St. Lucie Cos:nry, Florida, here(nafter designated w tM "MORTGAGEE." WHEREAS tM MORTGAGOR b jwHy Indebted b tfta MORTfAGEE in tM sum off ~,~0~'i0.00 good and 1~wFu1 money of tM United States advanced by tM MORT(TAGfE unto tfse MORT~aAGOR, as evidenced by • extern promissory note of even date Mrewlth, 'of which the fot'rowing In words and figures is • trw copy, towih 10 ~~,,050e00 ~, Pierce, Florida, November 26 ~ 19 2 For value received, I, we or either of us, promise to pay, without defalcation, to tM order of FIRST FEDERAL SA~VIN~GS AND LOAN ASSOCIATION Of FORT PIERCE a! fort Piercerr,~ fbrida, tM sum of S ~ !-~~~ a ~~ -with interest from date at the rate of ~ per ennurn, in nonthiy Insteli- mentt as fellows: S 30 • ?O - on tM 10 day of rIAT117 A rx 19~~ and a like wm on tM comeaponding day of e-rh month there- after until tM whole bs fully paid. Each installment first shall be applied in payment of tM Interest and then on tM unpaid balance of the principal sum. If defsut. is made In the payment of any installment when due, and such default continuer 30 days, than at tM optlan of the ho:dsr, and without any other notice, all the remaining installments shall be due and payable at once. Privilege is given to prepay thie note in whole or in part at any time without penalty. Neither forebearence, nor acceptanu by tM holder thereof attar any default in any payments hereon, shell be deemed extension. A late payment charge of S~r~, shall be added to each installment remaining unpaid 7 days after in d•.re date, and a like sum shall be added to each such installment remaining unpaid 7 days after each wcceeding payment date. Each maker, surety and endorser hereof, jolntiy and severally, waiver demand, presentment protest end notice of protest far nonpayment, and further agrees to any extensbn of time of payment, either before or after maturity, without notice to any of us; and to pay all costs of collection, including a rsasonsbls attorney's fee in tM event of any default Mreunder, and hereby serarelly waives all benefit of homesiead and exemption under the conttitutbn and laws of each State of tM United Stateh as against this obligation or any extan;:vr. ~r rener+ral Mreof. Witnsu tM hand and seal of each party. / S' NA ~ ph F, _ F a t t (SEAL) S~ Lorene M ~'latt, his wife (SEAL) _ (SEAL) • _ csEAu . 10 )Stets Revenue (Stamps ensiled on origins) note) NOW, THEREFORE, tM MORTGAGOR fa the purpau of securing payment of said sum of sti[~1._-, +nd the performance of the covenants and agreements Mreinafter expressed, and for divers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and confirm unto tM MORTGAGEE, Its successors and auigns, all that certain lot, piece or parcel of land, situate, lying, and being in the County of ST r• j •Y~'% and State of Florida, dauibed as followu Lot 14 of FISHER'S SUBDIVISION, in Section 1, Township 36 South, Range l1C Feast, according to Plat of said Subdivision recorded in Plat Book l~, at paE;e ll~, records of St. Lucie County, Florida. Less and excrept that part Deeded to the State of ~'].orida in Deed T3ook 2~K, page 347 ~C•~O .r . . together with all and singular tM tenements, hereditsments and appvrtances thereunto belonging or in anywise eppartalnirsg tMreto, and all rents, luues, proceeds end profitt accruing and to acuus from said premises, all of which are included in the above and foregoing description and hebendum. TO HAVE AND TO FOLD tM above desuisied and granted premises unto tM said MORTGAGEE, its successors :nd assigns forever. And the said MORT('iE1GOR for -X1'1°i " -hairs, exscuton, administrators and assigns, Mreby covenants with tM said MORTGAGEE, Its sutcessors and atsigr,s, that .Z.~.e-'t~---a~'$-- lawfully seized of the uid premises in fee slmplaJ that the same a:e free, clear and diuharged from all lien: end e~xvrrr brances fn law or in equity, and that~E.~ will and thEAir Mirs shall warrant end defend tM title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims and deminds cf ell persons; PROVIDED, ALWAYS that if rM MORTGAGOR sha{I pay unto tM MORTGAGEE tl,s promissory note herelnbefore described and shell truly, promptly end fully perform, discharge, execute, complete, comply with and abide by each and every the sripulationt, agreements, conditions and covenants of raid pronsitsory mate and of this Mortgage, then this Mortgage and the Estate hereby ueated shall cease and bs null and void. IT IS UNDERSTQOD that the word "Mortgagor' whetlwr in :he singular a plural anywhere in this Mortgage, shall be singular if and only and shall be plural jointly and severally if more than one, and that the word "their' is used anywhere in this Mortgage shall be taken to mean "his," "hers," or "its," wherover tM context to implies or admip. Also, that wherever there {s • referenu in the covenants end agreements herein contaired to any of the parries hereto, the same thall EH construed to mean a well as tM hairs, legal reprasentetives, wcceswn and assigns (either vokntary by act of the parties cr Invo!vrtary by cperotion of the law) of the same and that the covenants herein contained shall bind end the benefits and advantages inure to the respective heirs, legal represematives, wcceuors end assigns of the parties hereto. And said Mortgagors, for themselves and their heirs, legal representatives, successort and auigns, hereby jointly end severally covenant and agree to and with 1M wid MORTGAGEE, its suaessms and auigns: 1. To pay all and singular tM principal and Interest and tM various and sundry sums of money payable by virtue of said promissory note, end this - mortgage, each end every, promptly an 1M da- ; rnpediveiy tM same severally become due. 2. To pay all Ind tingular the taxes, ass stments, !auras, liabilities, obligations and encumbrances of every nature and kind now on said described property, or that hereafter may be imposed, : flared, placed, levied, or assessed thereon, w that hereafter may ba levied or stsetsed upon chit Mortg- age, ar the indebtednou secured hereby, each and every, when due and payable, according to law, before they become delinquem, end beforo any interest attaches or any penaity'is incurred; AhD INSOFAR A$ ANY THEREOF IS OF RECORD THE ~AMF. Sf.All BE PROMPTLY SATISFIED AND DISCHARGED OF RECORD A!,p THE OR'G:':AL OFFiCIAI DOCUMENT (SUCH AS, FGR INSTANCE, THE TAX RE-::EIPf OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED OR CERTIFIED) SHALL BE PLACED IN THE HANDS OF SAID R10RiGAGEE V1ITHIN TEN DAYS ~iEXT AFTER PAYM,E!JT; and in the event that any thereof is not prid, sat shed and discLarged said 1.10RTGAGEE may ai any tin.a pay the sarr>3 or any part thereof without waiving cr affectino any option, lien, tgvity or right u~:der or by vi:Wd o' this mxtgage and the full amount of each and every tuck payment shall be immediately due and payable and shall beer interest .`rom the dste thereof until pad at rate of nine per cenrum per annum and together with tech ins er_st sha!I be secured by ine lien of this morgiage.