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HomeMy WebLinkAbout1108 ( ) \) 1t3809 THIS INO!NTut!. Mecb ttw 7th Maroh , A.D. 19~ betwean '", .' ciey of _ ~lmOEWAT&1\ RUCH!:S 11fO., A PIpRIDA. CORPORATIOJlf 0' _ S t t woie , C~ F~, hete\MfW dellgMled .. 1M ~MO.TOA~:' and fIRST' FEOtRAl SAVINGS AND LOAr~ ASSOCIATION ~ fOln. ltllJt<:l. . (Of'pOf'Ilon oro-nl- .nef Pial'" IIftdet the Ie...-. of tn. Unllfll 51.'.. of ",,*ka and having III principal plac. of bwlne.. In the CItY of foIt Pletct. Sf, ~ County, FIotIda, '-elM"" Iieelgne...t .. tIMo '.:t'Y?JtT8~E." WHEREAS tt.e MORTGAOOIl Ie Ivtlly IndebNd to the MORTGAGEE In the IUnl 0' ~~ · 00 , good a,..d lawful mOMy of the Unitl'd Slat.. advanced by IhII,^,OllTGAGEE unlo lhe MOllTGAGOI, .. ....Idenotd by a cerlaln pl'ornluOty no,. of .v..., d,'a ...r....ith. 0' which ,h. following In ;or1j":d6tt:(Jd tf\~ C~y. to-wlt, No 10911 Maroh 1 19 63 Fort P\ere>>, f~orld., fOt value received, I, _ 01 .Il;"'r 0' III. 4" ~ w5lr' def.lcallon. to lbe ord.r of fiRST feDERAL ~VI~GS AND lOAN ASSOCIATION Of fORT PIEIKE .1 Fort .l'1:-~. ~5" the wm c $. ~, .. wilh Inl'g"l from dal. al Iha rala of ~ % per annum, in monlhly In,lall. menl. II foHOWI: J~2~ on the lOt~y of April . I<;~ and a like lum :>n Ihe corre'pond,"II dlY 01 each month Ihere- liter unlll 1M whol. be fully paid. Each In"III",.nl flnl Ih.1I be .pplled In payment of lhe Inl.r"I .nd lhen on lhe unpaid bel.ne. of lhe princip.l 'urn. If deftult il mada In lhe paymenl 01 sny inll.llment w..... due. and ,uck default conllnuel 30 <My-. then ., ,''' oplion of lhe hold.r, .nd withoul .ny other nolice, III Ih. remlining in,,.llmen" .Iull be due .nd payabl. .1 one., Prlvi\egto II glv.n to pl'.pay !hie nol. In who!. or In part .1 .ny time withoul pen.lty, Neil'> f1ibear.nce. nor acceptance by lhe holct.r thereof .ft.r .ny dehuh In .ny payment, hereon. lhell be deemed utenllon. A lu. p.ymen' charge of $_.~, Ih.11 be .dded 10 .ech lnll.llmenl r.m.lni"9 unpaid 7 deY' aft... 'I. due dal.. and . lik. lum Ih.1I be added 10 uch luch Inll.11menl remaining unpaid 7 day' alter .ach svec..ol"9 p.ym....' du.. Each m.k.r. lur.ty .nd "ndorter hereof. /olnliy .nd ..varally. w.lv" d.mand. pr.llnlmenl prolell .nd notlee of prolell for nonpaymenl, and furl her tgre.. 10 .ny exlension of time of p.yment, either before Of .ft.r m.lurlty. wlthoul nolic. 10 .ny of U'I .nd to pay .11 COil' 01 collection, inc:ud;ng e rellonable .ltOfney'I f.. In the .".nl of .ny dehult hereund.r. .nd hereby ..varally waivel .11 benefit 0' homes lead .nd .xemption under Ihe conlliiution .nd I."", of each S.'al. of the Unlled 5,..... AI eg.lntt !hll obllg.tlon or .ny ut.n.IonEDtJ!W'A1'EI\" RANCHES INC. Witneu I'" h.nd.nd ...1 of each party. /s/ b,. J .W.DICKSON its President / ' (SEAL) ~ attest DORRIS D. ADAMS. its Secret~ (, 13 .00 ) St.,. Revenue (Slampe cenc.lled on OI'lglMI not.) 13 000 00 NOW. THEREFORE. ,he MORTGAGOR fOt the purpoae of MCUrl"9 paym..n' of uld lum of S-,. .nd the perform.nce of lhe co.......nll, "nd agr...n.ntl her.lnafter .xpr.ued, and for dlv.rl lload .nd v.lyabl. conalder,t:on.. by theM pl'.lIntl. doe. grlnl, bargain, 1111. remile. r.I..... conv.y ~ confjem unlO lhe MORTC,AuEE, I" luccnaon .nd ,"lgnl. .\1 Ih.t carl.ln 101. piece or parc.1 of I.nd. .ltu.l.. lyi"9, .nd bei"ll In th. County of ~~. IJUCle end $t.,. of florida, deKfibed .. follows. , , Lota 3 and 5, B100k 8, of the REVISED SUBDIVISION or LINCOLN PARK, aooording to a pl~t thereof re.orded in Plat Book 4, page 71, public records or St. Luoie County, Plorida. ~ dtJ 1M PAYM'.:fiT QF TAXES RECEIVED I ,. IMTAMGIBLE PER~'VlA'- p,{OPERT'l', DUE ON ~~~~ C~APTER 20nol. ACT! r';F 1941. PUR5UA C' ,r t ROGJI, pOITRA." Cluk IfCU,1 ~ ur ~ ~g~n' ~~;ms M. JAMES ~~:TOX~~ ~ :. a _ DEPUTY CLERI!; together with .11 .nd II"9u1ar t'" t.Mm.ntl, hereditament. .nd .ppurt.ne.. lhereunto belong!"9 Of In .nywi,e .ppert.1nl"ll IMreto. and all renfl. Inuel, proceedl and profitl ICcrul"ll ,nd 10 acuu. from uid pl'.mi.... .11 of which ar. included In the .bo". .nd foregoing ducriplien ,nd habendum. TO I:AVE AND TO HOLD Ih. .bove ct.lCfibed .nd grented pl'eml... llnlo lhe ..id MORTGAGEE. ill ,vecellon .nd ,,"igM forever. And the uid MOJ;TGAGOP, for it.s heirt. execu"'''. edmlnl,tratorl .nd ...Ign., hereby co"en.nll with the toid MOiHvAGEE, ill ,uccenon and ani\l~s. thaI ___1l:.-ll___ I.wfully ..ind of 1M uld premi... In fee .lmpl.J Ih.1 Ihe ume are free. cleor Ind dicch<rge<f from all lien, and encurrr brances in tsw or in vquily. .nd Ih., 1 t will .nd its helrl Ih.1I w.rr.nl and d.fend the tille to the lime to the toid MORTGAGEE, iI, 'uccenon .nd .nign.. fOfev.r ag.I,..I Ih... I.wful cI.lml .nd dem.ndl of ell pertonlJ PROVIDED. ALWAYS lhal If lhe MORTGAGOR shall p.y unlo lhe MORTGAGEE I'" promlllory nol. hertinbefof'l deccribed and ,hall Iruly, promptly and fully perform. d;cchar"e, execule. complel', comply wilh .nd .bida by each ancl every Ihe Itipulllion" .gree,,,.nl', conditioOl and covenant, 01 .aid prominory nole .nd 01 thil Morlg.ga, lhen Ihll Moflg~ .nd the Eltlle ....r.by uealed sh.1I uuo .nd be null .nd vo,d, IT IS UNDERSTOOD Ihal Ih. wOfd "Morlgagor" whelher In lhe lingular or plural .nywher. In Ihi, Morlgage, ,hall be ~in9ular if one only and Ihall be plural jointly end "".rally If mo<. Ih.n one. .nd Ihl! Ih" 'Nord "I heir" e, u,ed .nywh.re In Ihi, Mortgalle ,hall be taken to mean "hi,," "hert," or "its," wh~r~\lcr ''''e context s.o impJie. O~ admit.. AIJO, that wherever there t, . reference in the covenant. Ind agreemtnfl herein cont3ined to any of Ihe parlie, herelo, the lime ,h. II be con,lrued 10 me.n .. w..1I II 1M heirt. I.gal represenl,Iivet. lucceno" and ..';gn, (either vo:un:ary by ecl 01 the pa"ie, vr involuntary by op"alkln 0' Ihe I.w) of 1M ume .r,d thaI Ihe co"enlnfl herein contained ,hall bind and ,he benefill and edvanlege' inuro 10 the re'p<<jiv. hei". leg,l r.pruenl.livAl. luC':e~" and tuigns of th. p .rtie, Mreto. And .eid MorlgagOrt. for IMm,el"el end lhelr hein. legrl repr....nlaliv... lucceno" end anlgnl. hereby Jointly end ,everally covenanl and agree 10 and with the ...id MORTGA:;EE. i.. .vecenor. ,nd .uignl: I. To pey all and .Ir~ul" the pl'incip"1 and Intorelt and th. ...=:iouI an d ,und:y luml of money payable by virlu. of IIld p,ominory nole. and Ihi, morlge\le. eech end .very. promplly on Ih. drYI rupe<:tively th. ume IIv..elly become du<>o 2. To p.y ell .n~ li"'Jul.. lhe tuet. .neumenll. I''''O!I. lI,hlli"... oblig.tlonl end encumb....nce. of .very net"r. end kind now en ,aid de,uibed properly, or Ihlt hEr..fler II'lIY be imposed, luf/ared. plaCed, I." I e<f, or .IIeued Ihereon, or t~..i herealter m.y be laviO!d or a...ned up<Yl th;, Morlg' age, or Ihe indebtedne.. secured Mreby. 80ch and every. when due .nd payabl.. accordin.~ 10 lew. befOf. Ihey become delinquenl, end beTo.. .ny inte",' ,'II,cl1e, 0' ony penaiff i. incurred; AI'-;D INSO'AR AS ANY THEREOF IS OF RECORD THE SAME SHAll BE PROMPTLY SATISrlED A'lD DISCHP,RGfD OF "LCORD A~D TliE ORIG;~lAl OffiCIAL DXUMENT (SUCH AS. FOR INSTANCE. THE TAX IiECEIPT OR THE SATISFACTION PAPER OffiCIAllY ENDORSED OR CERTIFIED) SHMl BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHiN TEN DAYS NEXT AFTER PAYMENT; and i~ Ihe event oMI any Ihereol i, net >,o;d, ,., "icd a"d d"cha,ged uid MOIlTGAGEE mey at eny lime pay lhe lime or eny pert chereof wilhout waiving or allecling any option, lien, equity or ,iJht uoder ,or b( vi,ln 01 thi, morlgage and Ihe full ~mounl of each and ."ery ,uch paymen' ,hall be immediately due and pay.ble ard sholl be.' inleoelf i,e Co Ih, daf~ ,11"'0"; until pad at rale 01 nine per centum per annum and teg:lh.r with luch inlereo' ,hall be ,ecured by th. lien of Ih, morglege, (SEAL) (SEAL) -.+ ~_~ ___~_...:_: ~~~~~~~~ --~~~~..,__.- __"4f"'~--~:i:~ '\~;~ :--_7:'____..-~~ ~'r-~'---" _~_~.~.~_-..-~T""'~-,.....-..~ ~,...-...~..--'7... _._--..... -~:.. ---