HomeMy WebLinkAbout1160 _ . _
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r?iis in~a~~E ~wd. tii~ 16th-- d,,, Au~t,tet _ ~.n. ~s~, b.
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p~ ~~t _ Lueie ~~ynty Flwid~, FNniryfhr d~sipniMd a fM "MORTGAC'aOR;' and FIRST FEDEitAI SAVINGS AND IOAN
A.iSOCIATION Of /ORY'1lRCE, ~ owpor~tion orpMi~d s~d ~alstiep u~drr ihe bwi of th~ Unit~d St~tN of Am~riu arrd Mvlnp ft~ prir+cl~l pl~p of
bu~Y~s in th~ Cky of foA ?iKa. Sf. lutM Go~rnty, fierld~. M?~i~wfNr dajpmtsd a th~ "MORTGAGEE:'
WFI~EAS th~ MORTC~AGOR N~twtfy ind~M~d w t1» AAORTGAGEE in !M ~um of =~~~d . pood ~nd Iawful moe»y of ths Un~ted
St~NS advcnc~d by t!M IMORTGACsEE unto H» MORTGAGOR, ai widsncad by a tMain promissory not~ of ev~n dah Mrewith, of which tM followinp in
wa~s ll,OQ . Q~ir a M,~ aopy, to-wih No ~
2 947
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Fo?t PNru. Florid+. A~ - 19 U-7
For wlw r~ceiwd, 1, vw or ~itMr of va, promis~ to p~y, wtthout defsication, to tM wdrr of FIRST fEDERAI SAV~IN~GS AND IOAN ASSOCIATiON OF
fORT PIERCE at fat Pea~, Fbr{da, tMK wrn of ~ 8 t~00 • w;th intarest from d~te at tM raN c~% p~+ ann~m, in monthly irataiN
p{~~~: = 81L.0~ a„ i5th~,,,,f Octobar .,9~_ and ~ lik~ sum o~ th~ corr~spond'anp day of ~~ch month tF»n-
afar uhril tM whol. b~ fully pafd.
Each insalien~nt ~nt aFwil b~ appli~d in payrtwnt of tM inisni? ~nd th~en on ti» unp~id balance of the principai wm. If dafauit is rrNd~ in tM
p~ym~nt of ~ny imtallment wh~n due, and such defauh tontinue~ 30 days, then ~t the optio~ of tM holder, and withaut any other notice, sll tM r~m+lniny
irut~llm~e?b shali bs dw ~~d p~yabk N oncv. Privil~ is piven to prep~y thk rats in whol~ or in part +t ony time withavt psn+lty. Neither fw~b~arance,
nar aa~ptae~o~ by tM holelt? tht?~os ~her ~ny d~fault i~ any paym~nri hereon, sMli be de~med extension. A Ist~ payment char~ of 20 ~II b~
+cld~d to Nd+ i~utalim~nt nrr.ainirg unpaid 7 dayt aft~r its dw dat~, a~ ~ tiks wm shail bs added to each s~ch inst~ilment remsininy unpaid 7 dsys ~ft~r
..d+ wca..duw wr~+~«+t daro.
E~ch mak~r, ~urety ~nd ~ndo?ser herwf, jointly and severally, w~ives demsnd, prexntment prote~t ~nd notice of prota:t for nonpaymsnt, and fvrth~r
aqrNa to ~ny ~ztensiwn oF time of paymant, eitMr bafo~er or aft~rr meturity, without notice to any of us; a~d to pay ~II costs of collection, inc!udiny •
re~sae+~ble attoraey i fN in tha ev~nt of ~~y defeult hereunder, ~nd Mreby ~evsrsily waivaa ail benofit of homestaad ~nd eaemptian under tFk tot+stitvtio~
~nd laws of e~ch St~l~ of tM Uni»d States, ~s sy~inat this oblipation a any ~xtension or rtnawal her~of.
WitMts tM hand ~nd e~al of eath party.
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NOW, THEREFORE, thf N10RTGAGOR for tM purpose of ~ecvrinq paymant of i~id ~um of S 8~~~~ •r+d th~ p~r1`a'n++nu of tM
cov~r?~nq ~nd ~yn~m~n» h~r~inafter rxpreuad, and for divers yaod and valuabl~ conaiderations, by thew prne~», doe~ yront, bar9ain, i~il, r~mi~e,
r~iwa~, conv~y and confirm unto tM MORTGAGEE, it~ succassors and ~ssiyn~, •11 that c.~rnin tot, piec~ or parul of land, ~ituate, lying, uw' b~inp in th~
~,,,M S t_ Lu~ i e , and St~h uf Florida, a.W~e.d fonow.:
Lote 27 and 28, Block 2, LINCOLH PARK SIIBDTVISIQN, as per plat thereoP on
Tile in Plat Book 3, page 4, publ~c records of St. Lucie County, Florida,
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; ~ - - - - t:''~ _;\T OF TAXES
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topeth~r with all ~~d ~irpular th~ trnem~nta, h+reditam~nts ~nd eppurt~ncef ihKwnto bslonyinq or in enywit~ ~ppert~ininy tMseto, ~nd all r~nri, tuws.
procs~ds ~~d profiti ~ccruinq and to +ccrw from said premi~es, all of whiid, aro included k+ tM ~bow ~nd for~poiny d~sc?iptwn ar?d hakiendum.
TO HAVE AND TO MiOID tM abow desui6ed ~~d qrmted prnr+ices vnto tM s~id A~WRTGAGEE, ih ~ucc~aors a~d assiyra fawa. Md tM wid
f1AORTGAGOR fw ~hg i r - h.~n, executora, administnron and auiyns, hereby covenant~ with the said MORTGAGEE, i» auaasors +nd iuiyro,
rhet ~rA lawfully f~tzed o! tf» said prsmiks in fN simpls; that tl» ~ame ~re fr~e, clear and discMrped from all lieru and ~ncum~
brancy in law w in ~quity, md that_~es~s.~- will ~nd the ir hein sha~l w~rrant ~r?d d~f~nd tF» titl~ to tM arrN ro th~ said
MORTGAGEE, fri ~ucc~ssor~ ~nd ruiyns, forwsr spdmt the lawful clsims ?nd d~ms~ds of ~Ii p~rsom;
PROYIDED, ALWAYS thet if tM AAORTGAC.OR shall psy unto the MOR7GAGEE tha promistory note her~inbafa?e dettribed ~nd ihall truly, promptly
~nd fullr p~rform, di~d?~r~, exec~t~, comp~~ts, compiy with and sbide by eath and ~vsry the stipuliriom, ayreemen», ca+dltiau •nal covenants of uid
• promissory note ~++d of thh Matq~q~, thsn this Mwty+~e and tM Ettate h~rrby nuted ~hall a~~e and b~ null ~nd wid.
IT IS UNDER3Tt)O!9 that tl+~ ward "Matyapor" wMth~tr in tM ~ir?pular or pluril snywlwn in th9rt Mortpap~, shall b~ Nnyular if ons only d
shalt bs plunl ~olntty ~nd ~evKdly if morf than ora, Md that tM ward "their" ac uad snywh~n in this Mortgay~ shall b~ taker? to m~sn "his;' "F»n,"
d"iri;' whaw~r tha tont~xf ro impli~s or admits. Alfo, thtt whtrevsr then is a nferenct in th~ covenann snd ayr~en»~b Mnin contalna! to a~y of
ttwi putih F»r~ta, tM sam~ ~hall be cautrwd to m~~n as well a~ the F+~in. Ipal r~praanqtivn, s~ccesson ~nd asigr~ (~ith~r wl~nt~ry by act of the
parti~s w involunt~ry by opiratiarr of tM law) of tFw stme and tMt the covenanb Mnin co~tairad ~II bind and tFn k»nefiri snd ~dwnt+pa inur~
ro th~ r~s~ctiv~ h~in, (psl npr~senbtives, wcceuas and su°yru of iFx p~rti~s hereta
/?nd q{d Nlortypors, for tfi~mseiws ~nd th~ir hein. Ipal rspra~er~tativ~s. ~ususwn ~nd auiyna, h~reby jointly •nd s~v~?~Ily cavsn+nt ~nd +yrM
to ~nd with ths taid MORTGAt'sEE, it~ suctesson ~nd auiym:
1. To p~y ~II and sfnpvlar tfi~ p~incip~l and interest ~nd tiw vario~s and wnCry wm~ af monty psyablt by virtua of said promisaory noM, ~nd thk
mwtyap~. ~ach ~nd Mrr, promptiy on th~ days r~apactiv~ly tM ~+m~ twrral0y b~cort» dw.
2. To pty ~II u~d sinp~la the t~xa, aueasm~nts. I*vie~, liabilities, o6liqatiora ~nd ~r?cumbrancas af ~y~ry n~tur~ and kint! now on said describ~d ~
p+opKtY, a that Mneahrr may b~r impa~d, wfi+r~d. pl~ced, livi~d, ar n~usa+d th~rwn. o? tMt Mrt~hK may b~ lev'wd w as~ea~ad vpon tfiis Mor1~-
ay~, a t}» b~d~bfdrNU wcur~d Mroby, ~ad~ ~nd wery, wMn dw u~d psy~bb, accadirg to bw, befwa th~y b~cans d~iinqwnt, s~d b~fw~ ~ny MtKNt
~tt~ches or ar+y p~Mlty h incurred; ANO INSOfAR IS ANY THEREOF IS Of RECORp TME SAME SHAII 6E PROMPTII( SATISFIED AND DISCHARGED OF
RKORD ANO THf ORIGINAL OFFICIAI DOCUMENT (SUCM AS, FOR INSTANCE, THE TAX RECEfPT OR TME SATISFACTION PAPER OFFICIALLY ENDORSfD
OR CERTIFIEO) SHAII 6E PIACED IN TNE HANDS ~f SAID MORTGAGEE WITHIrI TEN DAYS WEXT APTER PA~M~NT; ~nd in tM ev~nt fFuit eny th+wwf is not
paid, set:~fied ~nd difcha~q~d uid MORTGAGEE may •t any time pay the same a•ny part ther~of without w~iviny or ~ffectiny ~ny option, lisn, ~quiry or
~~dpht ur~d~r or by virtw of this mo?tya~~ and tlx full ~mount of each a~d every svch payment sMll be immediately due •nd p~ysble md ih~ll b~sr inter~st
hom th~ dat~ tF»rwf until paid ~t raM of ~ine psr centvm ?~nnum ~nd toy~thtr with such int~re~t ahall be secured by the lien of th:t morptp~.
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