HomeMy WebLinkAbout2169 t ~,4~~~::~ l ~I~-
THIi )NDENTURE, M~de th' 18 th day of J~Q +~.D. 19~..Z~ behveen
_ 1u~,re_y R~ F11i~4~~,. a . g1e adult ,
of ~~i~~ I~il(3~.d ~Wnry p~aid~, h~reinahar dssiynated ss the "MORTGAGOR," and FIRS~ fEDERAL SAVINGS AND IOAN
ASSOCIAIION OF FORT PIERCE, ~ cor{w~ation oryar+iz~d ~nd existiny u~dK tM larw af ths United St~t~s of Amerita ~nd Mvinq its principal plets of
busineu in 1h~ l`~t! of Port Pi~rc~, St. luci~ County, Flwida, hertinaher dssiynaud a~ th~ "MORTGAGEE:'
WNEREAS tM MbRTGACrOR is justly ir~bted to tM MORTGAGEE in ths sum of f ~ s~~Q good and lewful mcney of the Un~ted
States edv~nced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promissory note of even date herewith, of which the followiny in
words •nd fiqures is a trus copy, to-wii: ' ~L~
= 5, 5oo.oa °
~n Q;.f~., Florida, ~una 18, ~ -
Fw value received, I, we or either of us, promiae to pay, without defalcation, to the order of FIRST fEDERAI SAVItJ 5 AND LOAFV ASSOCIATION OF
FORT PIERCE ai fort Pierce, flotida, the sum of ~ ~L~O~*~~ with interest from date at the reta o~~~ per annum, In monthly in~tal6
menrs as fol!ows: S 60~0~ on the ~~day ot Qu a~~~ 19~ and a like svm on the corresponding day of each month there- :
after umil the whole be f~lly paid.
Each installment first ahall be applied in payment of the interest and then on the unpaid balance of the printipat ~um. If defeult is mede in the
payment of any installment when dve, and such default continues 30 days, then at the option of the holder, and without eny other notice, all the rem~ining
fnstal~ments shail be due and payab~e at once. Privilege is piven to prepay thia note in whots or in part at any time without penalty. N~eit~her~ forebearance,
nar accrptance by the holder thcreof aftar any default in any payments hereon, shall be rle~med extension. A late paYment charge of i-~--'~=, shall be
added !o aach i~stallment rema~ning vnpaid 7 dayi after its dus date, and a like sum shall be added to each suth installment remaining unpeid 7 days ahet
each succeeding payment date.
Ea~h maker, surety and endoner hereof, joinfly and severally, waive~ demand, presentment protest and notice of prot!at for nonpeyment, and further
agree~ to eny extensian of time of payment, either before w after maturity, without notice to any of us; end ro pay all costa of coliection, intluding a
reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and examption under the constitution
and lawa of each State of the United States, as ageinst this obligation w any exlen~ion or renewel hereof.
Witness the hend and seal of each party.
gf Audrev R. Ellison, a sir~,~~
_ t~c~ul~EAl)
(SFAtl
~EAI)
r 8¦~ 5 ) State Revenue
~$tamps cancelled on orlyinal note) ~ F,OQ o0
NOW, THEREFdRE, the MORTGAGOR for the purpose of securinq payment of said sum of S • and the perforn+anca of the
covenants and aqrxmenta hereinafter expre~sed, and for divers goed end valuable tonsiderations, by 4hese presents, does yrant, barflain, sell, ?em7se,
release, convey end confirm unto the MbRTGAGEE, its successors and suiqna, ell that urt~in lot, piece or parcel of land, ~ituate, lying, snd bring in the
Cwnty ot _....._.~A' n.?~~.~j-e and Stete of Fbrida, dercribad n foliows:
Lot I, ~1ock 1~ MAGNOLIA PARK SUHDIVISION, as Fer plat thereof recorded
in P1Rt Book 9, at page 27, of th~ rublie records of St. Lucie County,
~''~O?^1 ~8: ~
~
~ ~p~(!~ `PROP~
S. l.q'~ o~ ~ L O 1=t ~ G A C E~S t AR ~
~ O C U M E N T
A~.. S T
A h" P T A X /1~A tRLF, p~` RS ~ F 1 9~1.
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N CO~f?TF.CCLER~, 5- Q~Epu; ~~Q'f.~ C~_Ck '~,ti,~
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togetker with all snd singuler the tenements, her~ditamenri and appurtances thersun?o bsla?giny or in anywise appenainirsg ther~to, ~nd alI renti, isaxs,
proceed~ and profita acr.ruing and to accrue from said premisa:, all of which ara i~clvd~d i~ the abov+ and fortQainq deicriptio~ and haberrdum.
TU HAVE ANO TO HOID the ebove destribed and granted prsmiies unto the said MORTGAGEE, it~ suttessor~ and sssigns forev~r. And ths w!d
MORTGAGOR for ---h~~ hcirs, axecuton, administrators •nd aetiyns, hsreby covsnanh with the said MORTGAGEE, iri outCessort s:~d assigru,
that lawfully seized of tha said premises 'rn fe~ simple; thst tl+a s+n» an frM, clear and diitMrped from rll lierq and ~ntumr
brances in lavr or in eqvity, end that ~h~ will and hej' hein ~hall warra~t a~d d~fend ths titlt to ths same ro rhe wid
MORTGAGEE, its successors and assigna, forever egainsl the I~swfut tlaims snd demartds of ~I! per~ons;
PROVIDED, ALWAYS that if tlx MORTGAGOR shall pay unto the MORTGAGEE the prwniswry rwte hereinbefore drscribsd and ahall truly, promptly
` ~ and fully psrform, diuMrye, execute, complete, comply with and abide by esch and wery the ~tipvl+tiona, ~qreements, cc>rtditio~s and tovenants of taid
f prom~siory rwte and of thia Mortgage, then thi• Mortgage •nd the Eatate har~by crsited ~hall cyao~ and b~ nuil and void.
~ IT I5 UNDERSTO~'!D that the word "Mortgapa" whether in the tiriqular w plursl ~nywl+~n in thit Mortp+ge, shali k» ainyular if one anly ond
shall be pl~r~l jeintly aeu! Kv~r~lly if more thsn on~, snd that the word "their" ss used ~~ywhere in thit Mortqsye ~hali be taksn ta m~an "hU;' "Mn,"
or "its," wherever the contezt so impliea or admiti. Alao, that whereerer tfien is a r:ferents in the covenants and aqreemenri herein cantaPned to sny of
the partiea heroro, tfie ume thal! ba construrd to mean ss wel! u the heirs, Ipal r~p?aentattva, sutcsswn snd suiy~s (r+tM? voluntary by act of ths
parties or involuntery by opKr~tior. of the Isw) of the sam~ arx! that the cevensnts herein contained shall bind and t!w benefi~s snd adv~nteg~s fr?vr~
to the respectiv~ hsin, leqal rcprese~tatives, succeuon and au~yns of tht p~rties Mr~to. ~
And ssid Nbngayort, for themyelve~ ~nd their hein, Isysl tsprese~tativas, ~uccniort snd suiyru, hereby jantly and asverally cownent and ~qret ;
to and with the said AAURTGAGEE, ita succeswrs arid sssiqns: `
1. To p~y all and sinyulsr tha princip~l •red interast and ihe various ~nd :und?y sums of ma+~y payabf~ by virtw of s~id promiuory nota, an+d ihn ~
mwtpaye, esch ~nd ewry, prom~stly on th~ days respectivtly th~ wrtx s~vsr~lly becom+ dua.
2. To p~y all arid iH+yvler the taxee, suessmee+ts, leviei, liabilities, obl~patieru +nd encvmbranc~s of every natw: and kind now an said describ~d
P?oWnV, or thit h~r~aft~r may be impos~d, suffar~d~ P~rtsd, levi~d, ot awesstd thereon, a that hmah~r may b~ levi~d or aseased t+pon 11?is AM1ort~-
aqe, w tM ind~br~dneu ucursd hereby, ~~ch and wKy, whsv~ dua +nd payable, aaadirg lo low, befwr tfiey b~cornr delinqwret, ar+d bsfon ~nr irrtaat
~nache~ or ~rty penalty is inturred; AND INSpFAR AS ANY THEREOF IS OF RKOitD THE SAMf SHAII SE PitOl41PTLY SATISFIED AND DISCHARGED OF
RECORD ANO THE ORIGlNAL OffICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECE{PT OR THE SA715FACTlON F11PER OFfICIALIY ENDORSED
OR CERTIFlED) SWALL 6E PIACED fN THE l1ANDS Of SAIIS MIORIGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the w~nt that ~ny therwf is nns
pa~d, tet'sfied and discharged ~a:d MORTGAGEE may at ~ny time psy the ~~me a any p~rt therrof withaut waiving w~ff~ctir?y sny optian, lisn, puity or j
.iqht under o? by v~rtue of thi~ mortgage ~nd the full ~mount of eich snd ~very ivch paym~~t shall ba immsdiately dua ~nd p~y~bk ~r+d ihsll bsar irttentt 4
From the dati tlxraof vMii p+id at rate of nine per centum ptr ~~pu~ ~~~'~er with ~t shal) ba fecured by the lien of th;s mor8taye.