HomeMy WebLinkAbout1491 ;
. . ~ . L
~ .l ~3~,,.~ ~ ? ~
4 THIS INDENTURE, Made ~he 1~ th day of 'jUnB ~ A.D. 19~~ between
~ Ft. Yiercei Junior Cha:mber of C~rnmerce, a Flori.da Corporation
! af _~gint Lucie ~
, toa.~ry Fla;ja, hareinefTer designated a• the "MORTGAGOR," end FIRST FEDERAL SAVINGS AND IOAN
ASSOCIATI~N OF FORT PIERCE, a corporation uryanized and exisrin9 under the lawi of the United 5tato~ of Americe end heving itf principal place of
busineis in the City of Fort Pierce, St. lucie Co~nty, Fforida, heraina(ter designated ss th~ "M',ORTGAGEE."
WHEREAS the MORTGAGdR is jusNy indabted to tfie MORTGAGEE in the sum of i-~~a gcod and lewful mo^ey of the United
Stbtes advanced by the MORIGAG:E ~nto the MURTGAGOR, aa evidanced by e tertain promissory note of even date herewith, of wh~ch the fallowinc~ in
wcr~i~and,,f}py~ex~i~a true copy, to-wii:
S >>UU•
No_ 2t3 i ~
Fort Pi~rte, Florida, r7llnA ~ ~q~_
Fw. v3lue .eceived, I, we or e~fher of .•c, prom~se to pay, without dcfalcation, to Ih~ order of FIRST FEDERAL SAVINGS AND LOAN A55'JCIATION OF
FORT PIERCE at Fort pierce, Florida, ihe sum of ~-1~,.~ ~nne w;th interest from date at the rate of _.~°o per annum, in monthly insfall-
menrs as fol!ows: 5--~-~~Q__. on the~~~_ day of eTll~~__, ly~l~__._ and a!ike sum on the corresponding day of each month there-
after until the whole be f~lly paid.
Each insral~ment fir~t shall be apptied i~ payment of the interest end then ort the unpa~d balance of nc~ prinupal sum. If default is made in tne
Nay~nent of any instaliment when due, and such defa~lt continues 30 day~, then at the option of the holder, and without any other notice, all the remaining
~„srallments shall be due and payable at once. Privilega is given to prepay ihis note in whole or in part at any time without penefty. Neither forebearance,
n~r acceptance by ;he hoider thereof aiter any defauft in any payments hereon, shall be deemed exrension. A late payment charge of 3---1-•~..~ shall be
added to each instaliment remaining unpa~d 7 days after ita due date, and a like sum shall be added ro each such installment remaining unpaid 7 days after
each svcceeding payment date.
Each makar, surety and endorser hereof, joinNy ar.d severaliy, waives demand, presentmeN protest ar+d notice of protest for nonpaymertt, and further
agreee ~o any extension of time of paymeM, either b~iare or after maturity, without notlte ta any of us; and to pay aU costs of collection, including a
reasonabfe attorney's fee fn the event of arry defauh hereunder, and hereby severally waives all benefiit of homextead and exemption under the constitution
and faws of each Stare of the United Stares, as aga+nst this obligation nr any extension or ienewal hefeof.
Witness rhe hand and eea! of each parsy.
Ft. Pierce, Junior Ct~amber (SEAI)
of Commerce. a Florida Cor~c~,q~tion
By ~John R. Rosenbaum, 'resirj~,~~t
Attest ~John Co].cord„_,_ Secret~,~~
( - 7
~ ) State Revenua
(Stamps cancelled on ariginal note)
NOW, THEREFORE, the RAOR7GAGOR for the purFose of securing payment of said sum of S 1~ and tha performance of tha
covenants and aqreement~ hereinefter expressed, and for divers good and valueble considerot9ons, by theie prt~ents, does grant, berga;n, sell, remise,
re;ease, convey and confirm unto the MORTGAGEE, its iuccessors and assiqns, al~ that certsin lot, piece or percel of Isnd, tituate, lying, end being in the
County of 8117~._~ end State of Flarida, ~escribed as followa:
F'rom the intarsectzon of the North line of Uovernrnent Lot 2 and the
Westerly ri.gY:t-of-way af U.S, l, run Southeasterly along said ;,•ight~of-way
458.9~ feet to point Qf beginning; t~ience run Westerly at right angle
with said Westerly right-of-way 115 feet to a point; thence run
Southeasterly paral?el with said ~aesterly right-of-way of U.Se 1, 300
feet more or loss to ~he North right-of-way of Avenue 0; thence Et3.sterly
on the North right-of-way of Avenue 0 to its intersec~ion with Westerly
ri~nt-of-way of U.S. 1; thence Northwesterly on said rignt-of-way to
point of beginning, said land lS~ing and being in Section Township 35
South, Ran~e 40 East, ?
'C.' n
' RECE~4ED ~ IN PAYM`cVT OF TAXES
• DUE ON CLASS'C' INTAW ;IB~ F~~R~py~L PROPER7Y
W~, ~•1~A I'E ~F F L U~ r ~.~A PUFSt1ANT TO CHAPTEFi iG724. ACT~ OF 1941,
~ pW sraMr~ r,nx P.OG-R , Cl::rk Cir~~;, ~;~~r
~ = JUN14'65~~c ~ - as A~ent fcr ~U iiS M. Jk'.',"S
~ ~ 2~ I~ 5- St. Lucie u Ia: Coslector
~ ~ = `
coMar~oiteR ` Gk~~
~ 1 ? 0 : a 9 a
~
DEPUTY CLERK
t efher with a!I and sin ufar the tenemanls, hereditanenta and a rtances thereunto belo ~
a9 9 ppv nging or in anywise appertsininfl thereto, and ali rents, iuues,
proceeds and profits accruina and to accrue from said pramises, ell of which are included in the above and foregoinQ deacription and habe~dum.
TO HAVE AND TO HOLD the above described and grantrd premises unto the said MORTGAGEE, ib sutcessors and assigns forever. And thi uid
MORTGAGOR 'or ---i-~'s heirs, executors, adminiatratort and assigns, hereby cove~ants with fha said M~RiGAGEE, ita ~ucceisors and atiiqraa,
that lawfully seized of the said premices in fee simpte; that the same are frte, cleat and d'ettharged fiom al! liens and ~ntum-
E ~
brances in faw or in equi±y, end that 1 t~~ will end 1 t~ heirs shell wsrrant end defend the title to the tame to tha said
V MORTGAGEE, its successo;s and assigns, forever against the lawful claims and demands of sll persons;
: PROVIDED, ALWAYS that if the MORTGAGOR shall pay vnto the MORTGAGEE ihe promissory rtote hereinbefore deicribcd and ihall truly, prnmptiy
t and fully perfarm, d;sch~rge, exPtute, tompfete, comp~y with and abide by eath a~d every the ~tipulations, agrecmtnts, condifior:s end covenanti ~f s~~d
prcmissory note and of !hes Mongage, then thit Mortgage and the Ettete hereby trested ~hall ce~se snd be null and void.
r IT IS UN~ERSTO00 that the word "Mortgagor" whether in the tiregular w plural ~nywhe?s in this Mortgege, shall be •in9ular if one only and
~ shali be plural jointly end uverslly if inere than one, e~d that tfie wwd "their" as used ~nywhere in thia Mort~age shall be taken to mears "hi~," "hers,°
~ or "ira," wherever the context fo implies or admit~. Afso, thas wherever tfiere is a refarence in th~ covenants snd aqreements htrein contained to any of
the partiet hereto, the ume shall be canstrucd to mean s~ well as the hein, lepal rspresentatives, ~utces~ori snd aeaign: (either vofunt~ry by act of tFe~
parties or involuntary by operation of thr law) of the ~amr and that 1he covenants herein contsirxd shall bind and ihe henefib ar+d advantages in~re
to ihe respective heirs, {egal represeMativei, wccesson and ass~yns of the par!in heroto.
And said Mortgagors, for themselvei a~d their heirs, ir,-1 representati~es, •ucce~sws snd aasigna, hereby jo~ntly and ieverally covenant and ~yree
to end with the iaid MORTGAGEE, its successart end sssigns:
i. 1o pay sN end singular the principal ant! intere~r and tha varicus and :undry tums of money payeble by virtue ot said promisaory note, end this
mortg~ye, each end every, promptly on the day~ respectively the seme sewrally become due.
2. To pay al! and singvlar the taxes, a~sessments, levies, li~bilities, ablig~tiant antl ~ncumbrances of every nature and kirtd now on ~aid dewibed
properry, or that hercafter may be impoted, •uffered, pletad, ledied, or ~sresud thereon, or tha? Fxreeftsr msy bs levied pr esssued upon thit Morty-
age, or ths indebtedne:s srcured hereby, each mnd ev.ry, whsn due +nd p.y~bie, accadinq to law, before they becom~ delinquent, and before any interest
attaches or any penalty is incurred; AND INSOFAR AS ANY THEREOF I5 OF RKORO THE SAME SMAtt BE PitOMPTIY SATtS~IED AND L315CHARGED OF
REGORQ AND 7HE URIGlNAL OFF;CIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RcC~IPT OR THE SATISFACTiON PAPER OFFICIALLY ENDORSED
OR CERTIFIED) SHALL BE PIACED IN THE HANDS OF 5A10 MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evsnt that ~ny thereof is noi
pa~d. sa[sfied and dischergrd sa'd k10RiGAGEE may at any time p~y the same or sny pan thereof witl»ut weiving w affettinq any option, lien, ~quity or
•iql,r under or by virtue of this mortgoge and nc~ full amount of eeth snd every f~ch payment shell ~ immediately due and payebte and th~ll be+r interest
irom t},e dete rhereof imril paid ar ~ate of nine pe~ cemum per anrtv~,a~~ ty*ier vvrth su ~t ahalt ~ secur~d by rFe tien of th:s morgNye.
~l;,~r ~.4~ ~:.h7 +