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HomeMy WebLinkAbout1155 ~ , ~ a 1 .i f ) i ~ : ( ,Z THlS INDENTURE, Made the~..s~id.--- aay of Jl~nfi _ A.D. 19 6~, bet~.een F.cirnund M, H~?~ike an~ Poris M. Racike. hj.s wi?~, p~ ~~lt1t Ll1Ci.e County Florida, hereinafter designared es the "MORTGAGOR," and FIRSf FEDERAL 5.4VINGS ANO LOAN ASSOCIATIGN UF fORT PIERCE, e corpo~ation orqenized and existing under the laws of the United $tar~s o! America and having its principal place of businei~ in the City of Fort P~erce, 5t. lucie County, Flarida, hareinafter designated as the "M,OLRTGAGEE.'~ WFIeREAS the MORTGAGQR i~ justly indebted to the A10RTGAGEE in the sum of ;~LS~~~~ good and iawful money of rhe Un;tzd States advanced by the ;~10RTGAGEE unto thr MORiGAGOR, as evidenced by a certa~n prom~ssory note of even date herew~tfi, o` wh'ch the follow~n4 in wu~da a figuref is a true copy, ;aW~?: Z~a~.~6 ~ 1b, 00.~0 No~--~-~?- furt Pierce, Florida, `T~ e ~ 4v For valve rece~ved, I, we or either of us, oromise to ay, without defalcation, to th? order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATfON OF FORT PIERCE at Fort Pierce, florida, the sum of 5 I~ o~ with intere~s+t from date at the rate of _ b__°o par annum, in mon.hly instali- ments as foi!ows: 5-~~-9 on the-4~± day of Jll 19 b 2 and a IiAe sum on tne correspond~ng day of each month there- atter until th~ who!e be fuily pa~d. Each instaliment first shall be applied in payment of the interest and then on the unpaid balence of Ihe princ pal sum. If de!ault is made in ihe payment of any insrallment when due, and such default cominues 30 days, then at the option of the holder, and withour any other notice, al! the remain~ng installmenrs shall be d~e and payab;e at once. Privilege is given to prepay this note in whole or in part at any time without penalty. Ne:ther forebearance, nor accepfance by the holder thereof after any defau:t in any payments hereon, shal! be deemed extension. A late paymenr chacge of S-~s4~'. shall be added to each installment remaining unpald 7 dayi after ita due date, and a like sum shall be addad to each such installment remainicg unpaid 7 days after each succeeding paym.ent date. Each maker, surety and enderser hereoi, joint(y and severally, waives demand, presentment protest and notice oi p~otext for nonpayment, and further agrees to any extensien of time of payment, either befare or afinr rnaturity, without notice to any of us; and pay all costs of collection, indud;ng e reasor.able atromey's fee in the evenr oF any default hereunder, and hereby severx!!y waives all benefit of homestead and exemption under the constitution and laws of each Stzte of the United States, as against this obligation or any extension or renewal hereof. Witness the hand and szal of each party. / a Edmund M. R a~ke (SEAL) s or s . ~ g _ (SEAL) (SEAI) . (SEAL) ( 1 ~ State Revenue (Stamps canceiled on original note) NOW, THEREfpRE, the M~RTGAGOR for the purpose of securing payment of said sum of 3 16 ~ ~~p , and the performance o4 the tovenants and agreements here~nafter expressed, and for divers good end valuable conside~ations, by these presents, dxs grent, bargain, sell, rem~s~, release, convey and conf~rm unto the MORTGAGEE, its successors end assigns, all that tertain lot, piece or parcel of land, ~ituate, lying, and being in the County o~ Aj T2t ~,L2C~ P, end State of Fiorida, deacribed as follows: ?:o* 1~, ~1ock TUCKFR TFRHACE, t~ Suhdiv?_s~ or~ in the Citv c,f r't. Pierce, F1.or~.da, a^eor~; nQ to thc~ n1~ t. thereo_f recor~iec~ : n pl~t rjook ~t, naee ~li, r~.~h1i~ reco*~d~ ~f St. L»cie Countv, ~larida, ? ~~J~ ~ IN PAYMFNTOFTAx~'S ED f ~ c FFR ~OyA~ PQOYERTY d RCCEtd Cl T~ LH ~FT ti ~ A.: t5 OF 1441. r ~•--r-~--'„ry"' DUE ON pp O t't ~ LJ~ ~ PURSUANT yl.iw ~.1(L7:: C=._Uf1 ~'fAl ~ ~ csy 7AMp ~C~G ^ i i i~ M, aA.;t:S v ~ /o w .r.~•--~ d5 ~ ~ r,~ ietl = - 5~ St. t y ioX C~s °t J O 7'~' ,~~v 2 4 I L 1~'. D~'" "1---^^'` ~~r atl'i°•' :'.LF,~'~ i-• C~ COMPTf30LL~a .s-.'-r~.-r.. 8 N ~~j_190f38 Y together with a!I and singular the tenemrnts, hereditaments and appurtancrs thercurtto belonging or in anywist eppertaininy thereto, end ali rents, iswes, proceedi and prof:ts atcruir.g and to accrue from said premisex, all of which are included in the above and foreyoing descriptio~ and habendum. TO HAVE AND TQ HOLD the above described and gronted premi~es unto the said MORTGAGEE, its euccessorc end aasigns forever. And the uid their MORTGAGOR for - heirs, exec~tors, administrator~ end assigns, hrrrby covenants with ihe said MORTGAGEE, its sutcessori ena a~~iyns, thar ~~''~-~8--- lawiuliy sefzed of ?he sai~ prem~ties in fre simple; that ti~a same sre free, cleer end discher~ed from ell Gens and encum- brances in law or in equity, and that the~J will and t~~'i Z' he3es shail warrant and defend the titla to the seme to the said MORTGAGEE, its succESaars and a3signs, forever against the lawful claims and demanda of ell persons; PROVIOED, ALWAYS that if the MORiGAGOR sha~l pay unto the hRt7RTGAGEE the promis~ory note hereinbefore destribed and thal~ truly, prornptly and fully perform, d~acharye, execute, complete, comaly with end abide by each and every the stipulation~, agreements, co~d'+tio~s and covenants of said prorr~issory note and of th~s Mortgage, then this Martgage and the Estete hereby created shall teese end be nuli and void. IT IS UNOERSTOOD that the word "Mortgagor" whe~her in ihe x~ngular or plurel enywhere in this Mortgege, shal~ be sinpuler if one only and shall be p!uret jointly ar,d seve~slly if more then one, and that the word "their" as u~ed anywhere in thi~ Mortgege thall be t~ken to mean "his;' "hen," o~ "its," wherever the context to implics or admits. Alw, that wherever there is a reference in the covenantt and agreements herein contained to any of the perties heroto, the iame rha!I be ccnstrued to mean a3 well e~ ihe heirs, legal r~presentatives, tut<essas end asiig~s (either volu~tary by eet of the parsies or involumary by eperetion af the le,,v? of the aame and that the :ovenanta hemin coNained shall bind and the benefitt and adventaget inure to the respeciive heirs, legal represcrtativee, suaesscrs and as~'yns of the parties hereto. And said Mortgagori, for themselves and tfieir heirs, ieqa) representatives, successora end ass~gns, hereby jointly artd ieverolly coven~nt and agree to and with the said MORi'GAGEE, its successors and assigns: 1. To pay el! and s~~~ular ihe prirxipal snd interest and the varioui er.d sundry sumf af money payabla by virtue of said promissory note, and thit mortgagr, eath and every, prompt~y on t~s dayt respectively the samr severally become d~e. 2. To pay all and ~inguler the taxes, aasesimenti, levies, li~biliries, obligationi end encumbr~rxes of every neture and kind now on said deicribad property, or that hereafter may be imposed, suffcred, placed, levied, ar aue~sed thereon, w ihat iureafter may ba levied or aifeased upon this Morty age, or the indebtsdness secured hereby, each and every, when due ~ne pey~ble, sccordiny to law, befwe they become delinqut~t, end befiore a~y :nte~eat a!taches or any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME Si1All BE PROMPTLY SATlSFIED AND DISCHARGED OF REtOFO AND THE ORIGItvAL dFFICIAI DQCUMENT (SUCH A5, FQR INSTANtE, Tt1E TAX RECEIPT OR THE SA715fACTION PAPER OFFICIALIY ENDORSED OR CEkTIF1ED) SHAII BE PLACEC THf HANDS OF SAID MOitiGAGEE WiTHIN TEN DAYS NEXT AFTER PAYM~NT; and in the evenl thet any thereof i• not pa+d, sat'sfied end discharged 'sa'd--ldC1RTGAGkE may at any time pay the sems w any pen thereof without waivi~g or affecting any aption, lian, epuity or .iqht under or by virtue of tliis mor~gage and rhe f~~ll amouns of aath and every such payment shall be immcdiately due and payab!e and ehal! bear ~nterest ~rom she dare fheraof until patd ar rnte of n~ne per ceniu~ ~jer ;~n nd togeth uch inte~est ihell br secvred by the lien of eh's morgtage 1 ~