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?Mi5 INOENTURE, Mad~ tl?~ 28t~1 ~y of M8Y`C17
A.D. 19_~1. MtwNn t
KerLnAth A StOC mg~1 flnd ~(il~?ed H. ~tc~nkman~_~q ~iPe..~
. of _ S' t_ T.L1 C- ~ A ~~qm~y f~pr~~, ~rt~niftp dNlgnat~d as thf "M~RTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN
ASSpC1AT10N OF FORT PIERCE. ~ cwpaation wyaniz~d and ~x~stinp und~ tM laws oi tht U~ittd St~tK of Americ~ and Mvinp ib princi~,al plac~ of ~
bu~i~ss in tM City of Fart Pi~rc~, St, luci~ Couny, Fbrida, he~~inafter d~tiynat~d ~s iFN "MORTGAGEE:'
WHEREAS tM MORTGAGOR ia jwtly ir+d~bt~d to tiw MORfGAGEE' in th~ sum ot ~ 11 a 000 s 0~ good and lawful money of the Un~ted
S~at~s advanced by tF» MORTGACaEE unto tM MORTGAGOR, as ~vid~nced br a urt~in promissory nots of eve~ date herewitA, oi wh~cA the tollowinp in
wwds and lipurtt U a trw copY. towit:
j Z1~~~0.~0 ~ No 1'~_ ~l~
Fwt Pierct. FIo~Fda. ~81'QZ1 19~
, fo~ vatw rtceived, 1, we or eirhe~ of us, promiie to pay, wlthout defalca?ion, to tF~s ader of FIRST fEDERAI SAVLINGS /Wa IOAN ASSOCIATION OF
' fORT PIERCE at Fat Ple~ce, Fb?ida, ths sum of j 11 , 000 • ~0 with intereit from date af tM rate of _SZ___9'. per annum, in rtwMhly install.
menti as follows: = 79•00 0~ 1F?s 1 t~ day of M8~ , lq 66 snd a liice sum on tFe corraspw~dir~ day of each month tMrr
ef~er until the whok be fully paid.
Each insullment first shall be apptied i~ payment of 1he interest ~nd ~hen on the unpaid bst~nce of tM principel tum. If defaah is made in fM
payment of any instsllmm~ when due, and such defa~lt continues 30 d~ys, then at the option of the holdcr, and without +ny olher notice, all tF?s rcmaininy
~~itallms~ti ahill be due and payable at onc~. Privilegt :s given to prep~Y this nota in whote ot in psn af ~ny time without pen~lry. •Nei~her fwebearanct,
nor acceptanct by the hoWa thereof aft~r a~y defavlt in ~ny p~yments hereon, thall b~ deemed exter+sion. A late psyment chug~ of = 3•
95 shaN bs
added ro ~ach irutallwient remaininp unpaid 7 d+ys aft~r its dw dats, and a like wm sF?ill be added ro each such installmtnt remaininp unpsid 7 days ~htr
each wcceedirg p~yment d~te.
Each maka, surtty and endwser hereof, jointlY and sewrally, waiva demand, preseMmcnt protesl and notice of p?ofest for nonpayment, sad further ;
agrees to any exrension of time of payrrKnt, eirher before w after msturity, witAwt notlce to any of us; and to pay all costs of collectwn, includinp a
reasonabk a~twney's fee in the event of sny default he~wnder, ~nd hereby severalty waiv~s ~II benefit of homestead and exanption u~der tM censtitution
and ~aws of each Sute of the United States, ss agairot this oblipation w~ny exfension pr renewal he~tof, j
Witness tM hai+d snd se~l of exh party, ;
S~ Kenneth A. ~tec:_cm~n _ ~
S~ Mildred H. Stock~an ~u '
ts~?U
( ~16 - ~(L_) Stat~ R~wnw +
jSramps c~lbd on oripkul oot~) ~
NOW, THEREFORE, the MORTGAGOR fw the pwpose of secvrinp p~yment of taid sum of s 11 s • 00 , ~nd tFM perfamancs af tM
covan~~q ~nd apreements hertin~fttr ~xpressed, and fo~ dive~s 9ood and valwbl~ comidfr~fiora, by the~~ pret~nnts, doe~ ynnt, barQa;n, se11, remiss,
et
refease. conwy and confirm unto the MORTGAGEE, its tuaeuors ~nd auq~s, ~11 tM1 cert~in lof. Piep or ~rce1 e{ lud, sitwt~, lyinp, ~nd beinp i~ th~
Coynty of St . LLC i@ . u~d StN~ of Fbrid~, dNCtib~d „ fdlow~:
Lot E, Block l, MARAVILLA WEST SUBDIVISION, according to the plat thereof
as recorded in Plat Book 11, at page 50, of the public records of St. Lucie ~
County, Florida, ~
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togeth~r with all and unpvla~ th~ t~nem~r?ts, her~t~menn ~nd ~ppvrt~nces th~revnsa ~
p.oce~tb ~nd fin accrui ~nd to a«rw from said app~rNininp the~eto, and ~11 re~n, issws, ~
pro np premises ~II of which u~ indudN! in th~ ~bov~ and for~poirg d~scription snd h~b~ndwn. ~
TO HAVE MI~ TO HOID th~ above desaibed ~nd yrant~d pr~nis~s umo fh~ said MpRTGAGEE. its waeuors ~nd auigna forwK. Md tM isld ~
MORTGAGOR fw their h~in. ~xecutors, adminntratws and ~uigns. Mreby oownann with tM raid MORTGAGEE. Hs sua~s~ors and asiprw, 3
~~r thev
8~ re_ ~uify wiud of tFw wid pranues in f~e simple: that tlw ~arn~ an f~N,d~u uid disclar~d from ~II li~ns and encum~ ~
branus in Iaw or in equitY. ~nd Nw~ t~le~ wil! aid the~.r Mirf ~hall warrant ~nd d~fend th~ tNl~ to tM arn~ to tM uid ~
MORTGAGEE, its suatessors and ~uiprp, fwwN pi~nst Hw lawful daim~ and demud~ of dl perwmt
PROVIDED. AIWAYS that if tM MORTGAGOR sh~ll pay umo th~ MORTGAGEE the prpniwory note Mre~nb~fw~ d~wib~d and thdl trvly, promptly
and fully perfwm, d7sch~r~e, eascut~, comptNe, comply with Md ~bide by tach and eray tht stipub~ior~ ~pr~artwnn, condrions ud covenants of s~id
promiiw.y not~ and oi this Mort,r.spe, tMn this Mortyg~ and tl+e Est~te her~by cnat~d ~hsll ce~ and b~ null ~nd void.
IT IS UNGERSTOOD th~t tM word "Mwtyspa" whather in tM sinp~lar w pluql an in thi~ ~
shdl be +h+u b~ +i^pulu if orw only and
plurd jointly ~+d aw~r~llp if mon than ont, and th~f the wo?d "th~ir" u ~sd anywl~ere in thia Matpape ahal! be taksn to mean "h3~," "FKn," i
a m," whsrwer tl+~ conteut so implNs or ~d~mits. Also, tMt wher~ver tha~ i~ ~ rtfa~np in tl» cownany ~ed ~qre~?q hercin contairwd w amr of ~
rF» parties ha~to, th~ ~am~ ~h+ll he caatnred w nwan a vrdl u ~h~ Mirs, byal n~au~tatiws, s~x,usiors and auip~s (~itha vdumary by ~ct of tFw
parti~s w inwh,nr~rY bY opKarion of tM law) of tFw sarn~ ind that tM coveeunb he.~in comain~d shall bind and tM bemfits •nd ~dvamap~s inw~ i
ro the rap~ctiw Min. 1~1 npr~seet~tivq, waaw?s and aw?qns of tM p~rti~s 6ersta !
Md s+id 1Nortyapws, fa themwlws and tMir M'ws, Is9d r~pres~nt~t'nts, wooawn ~nd ~ssipns. M~~by jointly ~nd s~vaatly cov~t ~ad ~pree
to and with HM ~aid MORTGAGfE, its suoc~stors ~nd auiQm;
t. To pay all and skgvl~r th~ prirrcipel u~d ir»Neu and thi v~rious ~nd wndry wms of mw?~y paYabl~ by vinue of ~aid
n+wtp+p~, t~th and ~wrr. P?on+Pt~Y on th~ day~ ~~sp~ctiwlr tt» sart» s~v~rdly becan~ dw. W~iuwy not~. and tiih
2. To pay all and sinyula~ th~ t~xes, as~awnMt~. Iwiti, Itabilitiws, obligations ~+d encumbr~nas of w~ry ~ahn~ and kind now on s~id dsscrib~d
Prop~?b, a tlwt MreahK m~y be impoud suH~rd. d+ad Iw+~d, a~awsHd tl~er~on. a th~t h~re~h~r enay be Isviad w as~s~ad upon 1hU AAa1Q~
age, a th~ irwl~bNdn~ss s~cvr~d haeb~r, wch u~d ~wry, wM~ dw ~rd p~y~ble. ~ocordinp to law, b~ia~ th~y bscoen~ d~linquent, and beiw~ a~y int~req
•ttaches a arry penatfy is incwred; AND tN50FAR AS A THEREpf IS OF RKORD THE SMAE SHAII aE PROJVIPTIY SATISFlED AND ~15CHARGED OF
RECORD ANO THE ORIGINAI OFfIC1Al OOCWNEN7 (St1C~ AS, FOR INSTANCE, THE TAX RKEIPT OR THE SIITISFAC710N PAPER ~OFFICIAIIY ENDORSE~
OR CERTIFIE~) SHALL OE PIACED IN tHE HAND6 OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMEN7; snd in tM ~veM that a~ryr N~ereo~ i~ nw
pa~d, s~t'sfi~d and discAarped s~:d lMORTGAGEE may at any Ywrw p~y the s~ w u~y part thenof withoet waivirg w affectinp ~ny oprioo, li~n, puiry a i
•+qht under a by vi?tw of this mort9ap~ ~nd th~ full amoum of each ~nd every wch p~yrn~nt sh~ll b~ imnediately dw and p~y~blt u~d aMll bear iMNpt
~r~ ihe daM tlKrspf unfil p~id R I~t! Of I1iM PH CMtVT Q~f N111W11 afN~ f09ttMK Witll f{KF1 ~fNpKt {INII If! ftCVf~ by th~ li~n of tASs maptpe.
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