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HomeMy WebLinkAbout1220 .l ; ° r ~ • ~ l't-- . i . . ? ~ TNIS INpENTURE, Made the__l~__.__ day of J 1d1~1'~ A.D. 19~ batwaen ` M a,,. u;_.~.;; ~r.~ J o ar. 1, H ~~,1 h i s w~ f~~ : ot _~~~.11 ~ P~~ , County Fic+r~da, hereinafter designeted es thc "MORTGAGOR." end F1RST FEDERAL SAVI~iGS AND IOAN ASSOCIATIpN OF FORT p1ERCE, a corporat~on organized and existing under fh~ laws of the Unlted Statoi of America and having its principal p!ece of buainecs iv rhe City of Fort Pi~rce, St. luc~e County, Flo~ida, hereinefter des~gnated es the "'MORTGAGEE." WHEREAS the MORTGAGOR is jvatly indebted to the MORTGAGEE in the sum of y_~~. d~ good and lawful m;ney af ttie Un:ted , Sfates id~ance~ by the .'~',i~RTG.6GEE unro the MORTGAGOR, as evidenczd by a certain promi~sory note of even date harewnh, of wh~:h the (oliowing i~s " worci~ and i,~Q ures `s a u~e copy, tawit: 1^ l ~ 1 1~+r~%V~.~':i _ No r Fort Pierce, flo~ida, ~ tlne 1. ~y for vaf~e receio'ed, I. •Xe or e~ther of us, prom~se to pay, withput defalcatfon, to the order of FIRST FEDERAIC SAryVI~NG$ AtrlD LOAN ASSOC~ATION O~ FCR7 PIERCE at Fort Picrce, Plorida, the sum of 5 1~- ~~Ll~~~ w~th intereat from datp at the rete oD . t~°-o per ennum, in manthly insta!I- ments as foi!ows: _ on the ~~~e~ day af +1 ul 19~ end a lika sum on the .orresponding day of each month there- after vnril ~he who;e be lufly pa~d. Each instaliment first shell be ap~lied in paymznt of the interest and then cn the unpaid balance of the princ;pal sum. If defau~t is made in the payment of any ;ns~alin~ent when due, and s~th defauit cuminues 30 days, then at the option of the holder, and without any other notlte, all the remaining instaL'ments shail be doe ar;d payab:e at once. Priv:lege ia given ta prepay this rtote in whote or in part at eny t;me without penalty. Neither forebearance, nor acceptance by the ha!der !hereaf after any defavlt in any payments hereon, shaU be deemed extension. A fate paymeni charge of b``~ , shall be added to each ~nsraliment remaining ~npa~d 7 days after its due date, ar.a e like sum shall be added to each s~ch instaliment remaining unpaio 7 days after each sutceeding payment date. Each maker, surety and erderser hereof, joir.tly and severally, waives demand, preseniment protest and notice of pro!est for nor,p~ymeni, and further agrees to any extension of time of payment, either before or after maturity, without notice to any of us; and to pay all custs of tollection, induding a reasonable attorney's fee in the event of any default hereunder, and hereby severally waivea alf benefit of homestead and axemption under the constitutiort and ;aws of each Srate of the Un;ted States, as against this obl;gation or any extenaion or ronewal hereof. Witness the hand and seal of each party. ~ Mar:; Hapl~ csen~) 5 Joan ri. HP Q1-.- csEA~> (s~ai~ ( ~ ~ - -.Ct s-~--? State Revenue (SEAL) (Stamps cencelled on orig~nal note) L NO'vY, 7NEREFORE, the MORTGAGOR for the purpoae of securing payment of SbiCI yum of ~ l~r • v~-}U . and the performanct of the covenanrs and agreemenrs hereinafter expre~ned, end for d+vers good and vafuab~e considerations, by the~e preaents, dxs gront, bar~ain, sell, remise, releass, convey and confirm unto the MORTGAGEE, its successors ard assigns, ell that certain fot, piece or persel of Innd, •ituate, lying, and being in the Coun of _ t . _ ~L? C ~ ° h' end State of Flo~ide, described as foliowa: ~.ct ~i::~ th~ .io:•t~., ~~.0?' of r,o` ~io~:. ~ ~i:,-,~':i~.L'. ,.:;:~`I' SU-?I;I'J~SiO:~ , , , :iC »cn~.~~F~~ iy~ N.~i?`~ ~~Oi. ~l~ Jn~o : j . ~ 1 n. ri _,U, ~ub ic ~:,ca: c? ~f ~ i~_i ot~n~ , ~ _ / ~f' W~ ~ rR ~~~F Q~ ~ 5 RECEi1/ED f IN PAYMEAI? OF 7AX~ V M DC1CUIdF_I~ITAo" StAMp TAX DUEQN CLASS'C' INTAMGIBLE PERS~ONAI. PROPEItTY~ ~ Z ` ~°K 1'URSUANT TO CHAPTER 2072d, AC75 OF 1941, J ~ "~~~~5 ~':~x;;~ 'J ° ROG~R P~:ITdt°~ , Cl-ric Circuit C-.urt ~ ~ = 2 ! 90= ~ CO~IPTROLI.ER =?1 ~ as Agent for CU • TIS M. JAMES f'.Cf. t90~38 if. lucia y 7ax C Mr B~ DEPU'!'Y CLiiRIC together w~th all and s;ngular the tenements, hereditamentc and eppurtancas thereunto 6e~onging or in anyvrise appertaininq thereto, and ail renri, is~ue~, proceeds and profits acuuing and to accrue from said premises, all of which are indudrd in the above and foregoing description and hebendum. TO HAVE AND TO HOID the above descr~bed and gronted premises unto the said MQRTGAGEE, irs successon and assign~ forever. And th~ said VIORTGAGOR for -~~LL~-y heirs, execu!ors, administrators and aasigns, hereby covenaMS with the said M4RTGAGEE, it~ suctessors and auiyru, that --~-r~~--;~---~~::- Iawfulty se~zed of the aaid premfies in fee simple; that the same are free, tlear and discharged fran all iiens and encurrr brances in !aw o~ In equity, and that tr=P-~ will and r'r=° lr heirs shall warrant and defend the title ro ihe teme to the said MORTGAGEE, its successora and atsi9ns, forever against the lawful claims and demands of ~II persons; PROVlDED, ALWAYS that if the MqRTGAGOR shall pay unto the MORTGAGEE the promi~sa?y note hereinhefore desc:ibed and shatl truty, promptly and culfy perform, d~schargr, exec~Pe, complete, cum~ly wirh and ablde by ench nnd every the atipulatians, agreements, conrlitions and covenanh af faid promissory note and nf thia Mortgage, then this Mortgage and the Estate hereby created ~hali cease and be null and void. IT IS UNDERSTQOD that the worc~ "Mortgagor" whether in the singuler or plu?al anywhero in thit Mortgeqe, thall be singular if one only end sha!I be plurel ~ointiy end iaveraity if more then one, artd that the word "thair" ax u~ed anywhere in thit Mortgage ehall bn taken to mean "his," "hers,° or "its," wherever the context co impfies or admits. Also, that wherever there is a reference in 4he covenan» end agreementi herein contained to any of the partiei hereto, the same shall be cor.strued to mean aa well a~ the heirs, feyat representatives, ~uccessqrs and assigns (eit~er voluntary by act of the parties or invol~ntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and adventages inu~e to the respective heirs, legaf representatives, wccesson and asi~gns of the partiei Mereta. And said Mr~~tgagors, for themselves and their heirs, iega! repretertatives, sutteuon and aisigns, hereby jointty and severatly covenant and egree to end with the said MORTGAGEE, its ~uccessors and essigns: 1. To pay all and singular the prirxipal and interest and the ~arious and sundry wma of morsey ~ayable by virtut of said promissory note, and tfii~ mortgage, each end every, promptly on the day~ respectiveiy the same uverally become dve. 2. To pay slf and singular the taxos, esiessments, levies, liabilitiea, obligations and encumbra~cea of every nature and kind now on •sid dexribed oroperty, or that hereafter mey be impo~ed, suffere+d, plxed, levied, or aueised thereon, or that hereafter may be levied or sssessed upon thi~ Moctg- age, or the indebtedness secured hereby, each ar.d avery, when dur snd payable, accordihq to Isw, before they become deiinquent, and before any lnterea~ attaches or any penetty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKOf2D TNE SAME SHAl1 Bf PROMPTLY SAiI5F1ED AND OISCHARGED OF RECORD AND iFiE ORIGINAL OFFIC!AL ~OCUMENT (SULH AS, FOR INSTANCE, THE TAX RECEIPT (~R THE SATISFACTION PAPER OFFICIALLY EMDOR$ED OR CERTIfiED) S~A;L BE PLACED IN THE NANpS tJF SAID MORTGAG'cE WITHI~J TEN DAYS NEXI AfTER PAYMENT; nnd in the event fhat any thereof is not pa~d, sat'sfied and ~ischerged sa'd /s10RTGAGEE may a! any time pay the same or any p~rt fhartof withaut weiving or effecting sny optior~, tien, equity or .iqhf under or by vlrtue of thi: mortgage and the full amo~nt of each and every such payment shall be immediateiy due and payablz and she11 bear interes+ ~rom the dare thereof until pa~d at rate of nfne per cenr~m per arrnum end tcsperher w~th t~ch inte!e~t ~hsll ba sec~red oy fhe Ilen of th:s morgtaye. 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