HomeMy WebLinkAbout0701 yt'
ar~ f ~r
27 th M~ , A D. 19 b? be~ween
THIS INDENTURE, ~tilade fha.. . dey of
Loren W. _ F~. OQAn and Beatrice V. Bo~an, his wife
of S$i~-~u-s%j-@ 4_'V- , County Flwide, hereinafter da~ignated es thc "MORTGAGOR," and FIRST FEDERAI SAVINGS AND LOAN
ASSOCIA710N OF FORT PiERCE, e corporation organized and exi:ti~g u~der the 'aws of the United Stat~i of America and heving N~ principal plece of
bu~inees in the City of Fort Pierce, St. Lucie County, Flar'~da, he~einafter desiynated as the ~"MO~RqTG~AGEE."
WHEREAS the MORTGAGOR is ju~tly~dt6ted to the MORTGAGEE in the sum of 5-.~.~stses~-~-Q~----.. 9ood and lawfuf money of the Un~ted
States advanced uy the MORiGAGEE ~nto t MORTGAGOR, as evidenced by a certain promissory note of even date herewith, of which the following in
sor~s epOOgurOesOs a true coPY, to-w+t: No 12fad3
,b . ~
Fort Pierce, Florida, M~~ ~ 1~' '
Foc value received, I, we or either of us, promise t~o ~pa~y, without defalcation, to the order of FIRST FEDERAL SALVINGS AND LOAN ASSOCIATION OF
FORT PIERCE a! Port Pi~~;ce, Fiorida, the sum of ~~VVV ~ Q~ with interest From date at the rete of v~ 2~ per annum, in monthly install-
ments as fol:ows: E ~b ~ 00 on tha~~~e~_ day of Ju~ 19_ ~ nnd a like sum on the correspond~ng day of each month there-
after until the whole be fully paid.
Each insta!Iment tirst shall be appliad in payment of the interest and then on the unpaid balance of the princ~pal sum. If default is made in the
payinent of ar~y installment when d~e, and s~ch defa~lt continues 3Q days, ihtn at the eption of the holder, and without any other not~ce, all the remain~ng
insraliments shall be due and payable at once. Privilege is given ro prapay this note in whoic or in part at any time without penalty. Neither forebearance,
noi acceptance by the holder thereof afrer any default in any paymeros hereon, shaii be deemed extension. A late payment charge of S_ J_a~, shal! bc
added to each installment remaining unpaid 7' days after its due date, and a liice sum shall be added to each such installment remainir~g unpaid 7 days after
each succeeding payment date.
Each maker, surety and endorser he~eof, iointly and seve~ally, waives demand, presentment protest and notice of protest for nonpayment, and further
ayreas to any extension of tin~e of payment, either before or after maturity, witho~t notice to any of us; and to pay all costs of collection, indud:ng e
reasonable attorney's fee in the event of any default hereunder, and hereby severaily waives all benefit of humestead and eaempt~on under the constitution
and laws of each State of the United States, as against this obligation or any extensinn or renewal hereof.
Witness the hand and sea! of each party.
sf Loren W• R0679I7 (SEAI)
Raatri ~A V+ ~Q~$fl (SEAI)
(SEAL)
(SEAI)
( ~ ~4~ State Revenue
(Stamps <ancel~ed on originai note)
~OO ~ OO and the rformance of the
NO'N, THEREFOR'c, the MORTGAGOR for the purpose of securi~g paymer.t of seid sum of S~ - A~
covenants and agceements hereinafter expressed, and for diverx gxd and vsluable con~ideretions, by these presents, does grent, bargain, sell, rem~se,
release, convev and cor.firm unto the MORTGAGEE, its successors and aisign~, ell that certein 104, piece or percel of land, situate, lying, and being in the
County of Sa~int Lueie a~d Stete of Florida, descrlbed es fallov~n:
BeqinninEr at the Sauthwest corner of Lot 1 of Ancirew~ s& Richard's Re-
s~abdiviaion of Tyler's subdivision recorded in ?lat Book 1 at naqe 199
of the publio records nf St. Luaie Coiinty, Florida on the East right-
of-way line of the Florida East ~oast Railw~y Comnan,y; thence pun
Southeasterl,y 15~.27 feet mare or less ta th~ west 7.in~ of South Second
Strset; thence northeasterl,y along the West line of South Second Street
~i~.95 feet; thenc~ northwesterly 177.3 feet, more or less to the rast
line of ri~ht-of-way of the Florida East Coast Railway Campany; thence
so~.zthwesterl,q alon~ said right of rray 57.9 feet to x~oint of beginnin~;
sRid desaribed land beinq a nar~ of Lot 1.~ of Seetion 10, Township 35
Sou~h, ~an~e !~0 East'
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y ~MPTRtlLLER = St. Lu: ..c~.i~ty icx. ^ ector
6?B. ~9o~ae = _ oa~'r-~----'~
g~' Dr~urr c~K
toge'her with all and singular the tenements, hereditaments and appurtances thereunto belonging or i~ a~ywist appertaining thereto, snd sll rents, issues,
proceeds and profita accruing and to accrue from said premiaes, afl of which are included in the above and foregoing destription and habendum.
TO HAVE AND TO NOLD the above described and gronted premi~es unto the said MORTGAGEE, ifs iuccessors and a~signs forever. A~d tha ~aid
M~RTGAGdR for heirt, axe<utora, adminiatrators end asiigns, hereby tovenants with the said MORTGAGEE, its successors end ss~ig~~,
+hat ~Z~-~~-~--- lawfully seized of the said premisea in fee simple; that the same are free, clear and discharged from all lien~ and encum-
bronces in law or in equity, urd that~h'~~- wiil end heirt ~hail wstrant and defend the title to the rame to tht ~aid
MORTGAGEE, its suceessors and assigns, forever against the ~awfut cleimt end demendt of all perxoni;
PROVIDED, AlWAYS that if the WlOR7GAGOR sha!I pey un!o the MORTGAGEE the promi~sory note hereinbefore described and th~ll truly, pror~ptiy
and fully perform, dircfiarge, execute, complete, comply with and abide by each and every the s!ipulaiions, agreements, Condition• and cavenants of iaid
promfssory rote and of this Mortgage, then thi~ Mortgage and the Estate hereby created ~hsil ceax snd be nuil and void.
IT IS UNDERSTOOD that the word "Mortgagar" whcther in the iingular or plural enywhere in this Mortgage, shall be s;nflular if one only and
ahall be piural jointiy and severally if more than one, and that the word "thei~" as used anywhere in iF~it Mortgage shall be teken to mean "his," "hers,"
or "its," wherever the context so implies or admits. Also, that wherever there i• a referente in the covenants and agteementi herein contained to any of
the parties hereto, the same thali be tonstrued to mean as well as the heirs, legal repreaentative~, suttestor~ s~d asiigns (either voluniery by ac4 of the
part'ses o+ involuntary by opera±i~on ot the law) of the same and thet the covenants hetein conteined ahall bind snd the bcnefits end advantages inure
to !he respect+ve heirs, lega! represe~tetives, succes:ors ano ass~gna of the partiee hereto.
And said Mortgagors, for themselves and their heirs, legal reprosentafivet, auccessors and a~iigns, hereby jointly and severally tovenant and agree
ro and with the said MORTGAGEE, its succeesors and assigns:
1. To pay all and singular the prir~cipal and interest and the various and sundry sumi of moncy peyable by virtue of said promiisory notc, and tfiis
marigage, each and avery, promptiy on the cSays respectively the same seveially becoms due.
i. To pay a~i and •ingular the taxes, asseasments, ieviet, liebilities, obligations and lncumbrantet of every nature ar.d k~nd now on said dtstrikxd
property, or that hereafter may be imFased, suffered, plsced, levied, or aueased thereon, w that hereefter may be levied or assesaed upon thit Nlortg-
efle, or the indebte~lneis secured hereby, each and every, when due and payable, sccording ta law, before ihey become delinquent, and befure any i~tettsi
artaches or any penalty ix incurred; AND Itv50FAR AS ANY THEitEOf IS OF RECORO 7HE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGED OP
RECURD AND iHE ORIGINAL i7fFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OK THE SATISFACTION PAPER OfFICiAILY ENDORSED
OR CERT~FIED} SHAIE BE PLACED !N THE NANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEX7 AF7ER PAYMENT; and in 'he event that any thereof is not
paid, sat s~ied and discharged sa d MORTGAGEE may at any t~me pay the same or any part fhueof without waiving or affecting sny option, lien, eguity o~
•iqhi under or by virt~e of th~s ma~rgage and rhe fuil amoUnt of each and ever suth peyment sh II be immediately due and payable and shall benr interest
~~o~n the c'.ate thereof unti! paid a+ r3t2 ef n~ne per cen!~~m per an~n~arr~ t~~er w~th suth ~t sha~! be secured by rhe iizn of th:s morgtage.
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