HomeMy WebLinkAbout1650 , ~ . 1 ~~3~?`~~ ~(Z.
THIS INOENTURE, M+d~ th~ ~~rh day of MAr~~ A.D. 19ss~., b~twt~n
~8T'~ P2?"i rAl~ Pr 81~(j NArr~ Ft ~T RA~.'PT` hi e Gt{ f p _
aE C t, T l2 C{ E' , Covnry Fbr~da, hueinaffa d~~~g~+tcd u ~M "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAN
ASSOCUTION OF FORT PIERGE. ~ co~pw+tion upanized ~nd ~xistinp unda IM lawf of tM Unit~d Stat~i of Americ~ snd havinp its princip~l pbu of
busiMU in th~ City ot Fwf PNrc~. St. lvci~ County, flotids, Mr~in~h~r d~sipnaqd u ~M "MORTGAGEE."
WHEREAS tM MORTGAGOR is µatly indabt~d 1o the MORTGAGEE in 1M wm of f R a~0~ .~n , 9ood and I~wfvl money of the Unitcd
Statei advanced by ttN MORTGAGEE ~nto 1M MORTGAOOR, ~s tvidenced by a c~?tain promiuwy note of even date herewith, of wh~ch the followinp In
wad}, and ~iyuros ii a trw copy, to-wit:
= CS,OOn.On Nol~•?~(1
Fon Piace. Flwida, M 8 r r r 1~ 19
Fa valw nceived, 1, we or either of us, p?omise to p+y, without defalcation, to the ordcr of FIR51 FEDERAI SAVINGS ANO IOAN ASSOCIATION OF
FORT PIERCE at Forf Pie~c~, Fbtid~, tF~e sum of = R' ~n~~ - nn with interes~ from date at the ~ate of ~'l6 per ~nnum, in monthly I~sfall-
ments u follows: on the t~1 d+y of MA;: 19~ snd a like sum on the corrapondir?p day of each month tMrr
after until the whol~ be fully p~id.
Eath insullment first tMll be +ppfied in payment of 1he interest and then on the unpaid balsnce of the p~indpd wm. If defauh i: made in the
paymeM of any installment when due, and such default continues 30 days, then at the optio~ of the holder, and without ~ny other ~otice, ~II the remaining
~nstallme~ri shall be due and payabl~ at once. P~ivilepe is given ro prep+y lhis note in wFwb w in p~rt at any time without pen~lty. 'Neither forebearuxe,
nw accepbnce by the holder thereof ~fter ~ny default in anY p~Yments hereon. shall be deemed extension. A I~te paymeM charge of l~ sha~l bs
added to sxh install~nenl remai~irg ~npa~d 7 day~ ~fter in dw d~te, and a like wm ahall be ~dded to e~ch wch inst~llment remainirg u~+p+id 7 days ~fter
each succeeding p~Yment date.
EacA maker, wrery and endorser hereof, jointly and severally, waivea demand, p?esentment protest and notice of protest for nonpayment, and further
agrees to any extcnsion of time of psyment, either before a afta~ maturity, wi~hout notice to any of us; and to pay all costs of collection, includ'rg a
reasonabk attaney i fee in the evcnt of sny de(ault hereunder, and hereby severally w+ives all benefit of homestead and exemption under the comtitution
and tsws of exh Stats of the United States, as sgsirut lhis obliy~tion or ~ny extension w renewal he~eof.
W~tness tM Mnd and usl of esch party.
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(Stamp~ uncelled on aipinal tat~> .
NOW, THEREFORE, the MORTGAGOR fw tFw purpou of secvriny payment of uid sum of ~ ~•~~1 -~n , and tM performance of tM
c~wn+nh ~nd ~reem~nq hertinaAer t:pressed. ~nd fw divers ~ood and wlwbb cauidNataen, by thes~ presenq, does yant, baryain, setl, remise,
release, oonwy and confum unto tl~t MORTGAGEE, itt suaeuora and ~uiyns, dl th~t tert~in lot, pi~tt or puosl of lu~d, situate, IyinD, u~d btinp in tM
Ca,,,~y of S t_ Lv r. ~ P , and Sar• of Florida, d.wib.d n follawu
Let Blc~ck 3. CO?T?~"PRv CT_T~N FSTATES. acco~d3n~ t~ rlat t~erenf
recorrlPC3 in pl~t Roo~ 10. ra~P 3?. nurlic rPCOrc~4 of ~t, T,uriP
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P~.19?138 ,
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royetFw~ with all ~nd sinpulu tIN tNarnu+ts, her~ditamer?ts and ~ppurt~nces tMrwnto bdapirg or in ~nywise appertsinGg tF~sreto. N+d ~11 rents, iswh,
proceads snd profin awuirg and to acaue from uid prsmises sll of whid~ ~r~ included in the abo~v~ and forparg description +nd h+bendw~-
TO HAVE AND TO HOLD the ~bove dewibed ~nd yranted premiks unto tM said MORTCsAGEE, iri wa.es~on and asigns fwewr. Md th~ s~~d
MORTGAGOR for tr' - i r F~tin. ~xecvton, admin~str~ton and assiyra, hereby oov~n+ms with tht said NWRTGAGEE, its waeuors ~nd asNpru.
~ rhst r j'e ~$~''E' lawfully wized of tFw said pr~mi~s in fe~ simple: th~t tlK s+~n~ u~ fru.- clear ~nd disch~rped from ~II liem and enarm~
bra~es ;n Iaw cr in puity, and ~hat t~'e?' will and the ir h~iq ~I~all wsnam and def~nd tF» titl~ a ti+~ um~ to tir ~a3d
MORTGAGEE, iri suaestors and ~ssigns, forwu +g+hst th~ lawf~l d~ims and demanda of ~II p~r~oro;
~ PROVIDED. AtWAYS tFNt if tM MORTGAGOR ~II p~y unto t!w MORTCAGEE th~ promis~ory note hereinbtfw~ d~snibed and sh+ll tnily, promptfy
and fully p~rform, disd~+ry~, e:~c~te, compkt~, comply with and abide by each ~nd ~very tlw stipula~ions, a~ne~nen». OOnditiOM ~nl~ COVeMnff Of Mid
~ promiuory noN and of Mis Morigsp~, tMn thp Matpap~ and tFN btat~ h~reby aat~d ah~ll aaw snd b~ rwll ~nd vo+d.
~ IT IS UNDERSTOOD that th~ wo?d "Mortyapw" wF?sthe~ in Nw sirgulu a plwd anywhert in this Matyay~. ~II be sinpular if on~ only and
shall b~ plur~l (ointly and averally if mw~ than one. u+d tMt the word "their" as used ~nywMr~ in tl~is MwtyaQe sh~ll b~ uk~n to me+~ •'his.•• •'hen••
~ w"i»:' wherever tM context io implies or ~dmin. Abo, th~t wh~rwK ther~ is a nfer~ in th~ cownsnn u~d ~pnaments herein oonuined to ~ny of
~ the putks hKeto, tM s+me sh~ll b~ comuued w mean as vwll as th~ h~in, Ipal npr~s~r?t~tivu, wocKSOn and ~~sipra (either vdunqry by act of tl»
~ parYws a imolum~ry by opNation of tl» lawl of tFw sam~ and tMt 1F1f CO~It1M111! INf~111 COflUIfNd fIMII bl(M~ afld ?IM blMflb a11d dYMIpN IfNIl~
~ eo tM resp~crivr h~in, bqd repesematiws, wa~swn wd ~a~yns of tF~ parti~s benta
~ Md ~a1d Mort~syas. for themselv~s snd their Min. Isyal reprew~+tatiws, suct~s~o~s a~d assipru, h~r~by jointly and severally cov~nant ~nd apne
to uid with tFM said 1NOR?GAGEE, in woassoa ~nd assiyns:
~ 1. To pay sll and ~irgutar tlw pri~cipal ~nd int~tat ~nd thi vwious ~nd wndry sums of momy WYable by vi~tue of said promiuory note, and this
" r^ort9sp~• each and w~ry. PranDtly on the da~n retp~ctiwly tiw sam~ s~wrally baam dw.
2 To p~y all and siig~lar th~ taxes, aueswnenb. Iwia, ii~bilities, obligstiom and ~ncum6~a~ces of ~very rwtun ~nd kind now on said d~scribed
prop~rty, a tMt FKreaha m~y b~ irrpowd, suffued. P~aced, t~vi~d, w a~sssed tl»non. a tFwt her~afta may F» kvied a ~usued upon tha 1Norp-
~ aye, a t1w ind~btedrwss sacured I~eby. ~ad~ and ~wry, wMn dw and p~yabl~, accordirg ro law, befat N~ey becam delinqvent, and b~fw~ My intKest
an~ches o~ aey penalty ii incurr~d; AND INSOfAR AS AN THEREOF IS OF RKORD THE SAME SHAII dE PROMPiIY SATISfIED AND OISCHARGED OF
RKORD AND THE ORIG:NAL OFfICIAI DOCUMENt (SIK~ A5, FOR INSiANCE. THE TAX RKEIPT OR 7HE SA715fACt10N PAPER ~OfFIGIAIIY EN~ORSEO
OR CERTIFIED) SFIALI dE PIACED IN TME HANDS OF SAID NWRTGAGEE WITHIN TEN DAYS NEXT AFTER P:~YMENT; and in tl+e event tMt any theraof is ~a
paid, sN'sfi~d u~d diuhar~ed sa:d MORTGAGEE may ~t ~ny tirt~e pay tFw s+mt or teryr p+A thereof without waivinp o~ +ffatlirg sny option, lien, ~q~rity or
F om tM ~e the~~of unr~ paid st ri~+9te~of ninet per c'entum pa amvm ~nd to~ te Fwr w~fl1 ~VCF1tIf11Npt shal,mmediatsec~r~d
by+ t~M
li~r? of th
i morp ~ intertst
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