HomeMy WebLinkAbout1290 ` . . • ` :w~.~ f~(~.
rHis +~ivruR~, M.d. rn. i5th d,Y ot 3sptember i9~.. b.Nw«+
~
Cod1 L. Baile~~r~d Carolpn A Silev his vi fw ~ ?
of S1'i. Luoie ~~~y Flwida, MtliMI1N dyigMf~ a tM °MORTGAGOR," ~nd FIRST FEDERAI SAVINGS AND IOAN
ASSOCIAi1pN Of fORt PIERGE, • oorporatan or9u~tzad and .xitt:op under riw I~w~ of rM Unihd S~ua of /?~eNrica u~d F?~viig Ns principal pl+a of
butir.qs (n iM City d Fwt PiKp, St. luci~ Counry~ F10fldi. IINQIIfi{iH WSi~MtlfJ at t~N "MORiGAGEE."
WHERE/1S tM MORTGAGOR h jvatly irwl~bted to tM MORTGAGEE in tM iwn of = 12 ~ 8~~ . OO yoai and lawful maky of th~ Untt~d
S+etes advanc~d by th~ MORTGAGEE unto tFi~ MORTGAGpR, as w~de~ced by a certain pronuuory rwie of eve+? dat~ Mrwvitly of which tM fdlowi~p ki
wo~d3 and f' YfM Is ~ frW ooPY• IOwN: NO l~ ?~b :
; IZ•8~0.0~ i
fxf Pierct, Fio.~d., SeRtemher 1~, 19~_ !
Fw valw rsceiwd, 1, vw or ~itM~ of ~n, pro'mi's~ to pay, without def~lcation, to ths order of FIRST FEOERAI SAVINGS AND LOAN ASSOCUITlON OF ~
iORT PIERCE ~t Fat Pierct, Fbtid~, the tvm of 8 50 . ~0 w;th in~eLre.s~t itom date at ~hc of ~~?96 pe~ annwn, ie mor?ihly tr?ttalb
~,enr~ ei fdlows: ~ 97• 00 on ms+~tr1 daY of sT_ a1111aI`9 „ 19_S~._ and a like swn on th~ carespondinp day of e~ch month thKr
efrer until tM whol! be fully p~id.
E+ch iruhliment fint shall b~ spplied in payment of the interest and ~hen on the unpaid balance of the princip~l wm. If def~uh is m~dt in th~
payment of any installment wlxn due, a~d wch defavit continues 30 days, then ~t the option of ths holder, and withouf any othsr notice, all ths remai~iny
~ns+allme~ta shall be dw and piysbl~ at once. Privilege is given to prep~y this oote in whol~ or in p~rt at any time withovl penalty. Neither fotebs~r~na.
nor acceptanc~ by th~ holder thereof after any default in any payments hereon, shali b~ deemed eatension. A(ate paymN+f tMr9e of ~ 4•
85 ~11 b~ 1
added to ~xh iostallment rem~ininp unpaid 7 days afte~ in dw dat~, and a lik~ ium si+all be added to each such installment remaininp unpsid 7 dsys affer ~
each succeediny paYment date.
i
Eatl~ msk~r, swety and endoner Mreof, jointly and sevsrally, wsives demand, p?ese~tment protest and notice of ~otest fw nonpaymant, ~nd furthK
egrees to any ~xtensioe? of time of p~yment, eitha~ before w afta maturity, without notice to a~y of vs; and to pay sll eosrs of coUection, includinp a j
~easonabte sttorney's fee i~ the event of any default hereunder, and hereby severally waives all be~efit of homestead ~nd exemption under ths conftitution ~
and laws of each Stat~ of the United Ststes, ss +g+inst this obligatan or ~ny extension a renewal hereof.
Witn~ss ti+~ h~nd and seat of each pa?1y. ~
S/ Cody L. Bailey ~
S Carolyn A. Bailes ~ j
,
c~?u ~
~ ~:,.3.~-.~ s~.~ R~.~,. cs~?" 1
(Stamp~ t~?pll~d on oriyiMl nof~) ~
NOW, THEREFORE, the NtORTGAGOR for the pvrpose of secv?irg payment of said sum of s 12, 850 . 0~ t~ pK{aen~nce of th~
covensnts and pnements herein~ha expreued, ~nd fw diveri ~ood ~nd wlwbl~ coniide~aY~o~a, by tl~et~ presenb, dws ~r~~t, baryain, sell, remis~,
release, eonwy and coafirm unto tM MORTGAGEE, ib successors ~nd auigos, aN tMt aertain lor, piep or p~rp! of bnd, ~itual~, lyirg, and b~iig ln th~
~~„ty ~ .g t. . Lue i e and Sqte of fbrida, dewilxd +s fo!lows:
Lot~ 8~nd 9, Block 48, SAN LUCIE PLAZA, IINIT N0. 1, according to a plat
thereoP on file in Plat Book 5, page 57, public reaorda oP St. Luaie
County, Florida,
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_ . . . . ' ~I~~ED ~_,a, c P- ZL•~•:ti~ P~aOPER .
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rogether with al) and sinq~lu tM t~nementt, heredibments and ~ppurt~nces there~nto be(orging or G? anywis~ apperhtnkg tF~% ~nd aU ~~nts, istu~s,
pr«eedi and profits acuuirp ~nd to acuve from said pemises. ap of which ire included in the sbov~ ~nd fa~qoinp d~scription and h~bendwn.
TO HAVE AN~ TO HOID tM above described snd yrsnted premises unto the said MORTGAGEE, ib waeswn and ~ssipns forw~r. And tM wid
tAORTGAGOR for thair executws, adminiitratws and augns, heraby cove~ann with the s~id MORTGAGEE, its wouswn ~+d assipnr,
~hat they ,Ote _~~ullp seized of the pid premises in fea simple; th~t tfti~ sun~ are frer. ck~r ~nd d'qchu~ed from ~II liens and ~ncunf
brancet in law or in eqvity, a~d tM* the~ ~ their hein shall wurant and d~ftnd tM titl~ to tM aer» to tht satd
MORTGAGEE, its successors and auipro, torsver s~aintt the fawfvl clsims and demands of ~11 perspn;
PROVIDED, ALWAYS ihst if tM MORTGAGOR ihsll psy unto the MORTCsAGEE the promiuwy rote herei~?befw~ dauib~d and sMll hvly, promptN
a~d fully p~rform, disch+~, exacut~, compl~te, comply with ~nd sbide by each ~nd wery the stipulatam. ~preements, condit'wro u~d oovenants of said
promissory noN ~nd of this Morty~~, then this Matyaye ~nd the Estate hereby veated ah+ll ceak and be null and void.
IT IS UNDERSTOOO th~t tlr word 'Mortyapor"' whetF~er in tFie s;ngular or plw~l anywhere in this Morrq~e, shall be sinpula if one onl; 1
:ha~l b~ plwd jointly aed ~evanlly if mwe th~ on~, a~d that the word "their' as wed anywhere in this Martyape shall be t~ken to mean "ha," "h~n;'
or "iri;' wherwtr th~ com~xt so implies or admits. Also, that whereva there is ~ refaence in tM <oven~nts and apreerrKnb herein oontain~d to nry of
rhe partks F~ertto, N~e sanw shall be consb~red to mean ~s well as the hein, kyal represent~tives. waessas and ~ssiyro (eitha volunt~ry by ad of tlr
parties a imdumary by op~r~tan of the law) of the same and that the coven~ots he~ein contained ~hall bind ~nd the benefin ~nd dv~may~s iow~ '
to the re~p~ctiw hein, bpat representatiws, wcoasors and au~gns of the parties hereto. ~
Md said Mortq~pors, for tMmulvea ~nd thar heirs, lepal representatives, succeuo~s and assip~u, hereby jointly and s~verally cov~n~m ard aprK ~
to snd with th~ said MORTGAGEE, its sucpsfors ~nd atsgrq: ~
1. To p~y ~11 and sirgular th~ pindp+l and interst snd tM varian ~nd sundry sums of moeey psYabk by virtw of said promiswry rat~. ~nd tNs
mortya~, Nch and ~wrY. P~~Ptly on rhe days reipectiv~ly tbe sam~ sev~rally become due.
2 To pay all and ~+rgular th~ uxa, as~es~rrKnn. Iwiet, IisbiliY~es, obliyst~an and enaxnbr~nces of every natun and kind now on ~aid dau~d
prop~rty, w that hareaftu maY b~ irnpwsd, wffe+ed. P~+ced. IeYiad, or a~ied thereon, w that hereaher may b~ Iwied w ~s~sased upon tf~is Mortp~ ~
+pe, w tM ind~btadness secured hereby, each a~d ~very, whtn due and payabk, aaordinp ro law. Mfwt they becar~ delinquent and befw~ a?y intKat ~
attaches or any penaNy K intwred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAIL sE PROMVTIY SATISFIED AND DISCt1ARGE0 OF ~
RECORD AN~ THE ORIGINAt OFfIC1Al DOCUNIENT (SUCH A5, FOR INSiANCE, THE TAX RKEIPT OR THE SllTISFACTION PAPER OFfIC1AllY FMDORSED
OK C~ttTIFIfD) SH/lll af PLACE~ IN 7HE HANDS OF SAID MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; and in the eve~t th~t any tlweof b na
paid, sat:sfisd ~nd dischar~ed s+td MORTGAGEE may ~t sny t~me p.y ~he same o. any pan ~hcreof wifhout waivirg o~ ~ffectiny ~ny option, li~n, p~ity o?
•~qhr ~ndp or by vKtue of this mortpape and the tvfl ~mou~t of each and every such payment slull be immediately due and psysbk and shall bsar interat
~.om th~ date thereof vntil p~id at rate of nine per centvm per annum and toyethe~ w7~h such interest • L' ~by the lien o morptape. -
BOOK ~.eJ.J ~4 ~U
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