HomeMy WebLinkAbout2136 149031 D'~
THIS INDENTURE. Ma~ 11» 6~ d~r or Oatober n.~. ~9_bb., b.nM+«+
AlPred Lero~ Sahinlever and Beatrine Ruth ~nhinlever~ i~ v{fe
af st. LuoiA ~ Cp~nfy Florida, I~~i+wh~r d~sgna~ed +s t1~ "MORTGAGOR." ~~+d FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION Of FORT NERCE, • oapor+t~on orpu~iud +~d ~x~stinp undK tM laws of tM Un~r~d Su~a of Ame~ica ~nd Mvinp it~ princip~l plaa of
b~sin~ts in tM Gfr d hA PiMOb 5f. l~ci~ Countl?. fbrida~ INfNMNN i~11~MlOd a th~ "MORTG/1GEE."
WHEgE/?S th~ MORTGAGOR i~ ~uatly ind~bt~d W th~ 1NORTGAGEE in tM sum of ~ 0O0 ~ good +nd fawful mo+Ky of tht United
S~a»s advs~+c~d by /M MORiGAGEE unto th~ MORTGAGOR, as ~vider?ced by a cereain promiuory oot~ of even date herewith, of which tAt followirp lo
: or 3 06fipur oo a trw oop~i. lowit: ~ 1~, 785
O•
P~, F,a;~,, October b, w~
For vdw nc~iwd, 1. vw or ~itMr of us. promis~ ro p+Y. withovt defalc~tion. to ths orde~ of fIRST FE~ERAI SLAVINCsS AND LOAN ASSOCIA110N OF
FORT PIERCE ~t Fat Pi~?a, Fbrida, tM sum of ~ ~~.000• ~0 w~th intereit from date at the rat~ of v% pe+ annum, in ~rwNhly GataiM
~nems as follows: i~0•00 a+ ti+.1S2~h. d.r ofNovemUer and a lik~ tum o~ th~ corrtipondinp d+Y of eath ma?th thK~-
after ~nfil tF~e whol~ b~ ivlly p~id.
Each irutal4n~nt fint ih+l) bt spplied in psymeM of tM interest ~nd then on the unpaid balance of the prindp+l sum. If defauh it m+d~ in th~
payment of any iratal4~a?t wMn dw, and wch dcfauh continues 30 days. then at the opt~on of the holder, and without ~ny othe~ notice, all tFw remaini~g
~nsraltm~nri sh~ll bs due and p~yabl~ a1 once. Privilepe is yivcn to prepaY this not~ in whok w in part at ~ny time without pe~slty. Neithe? fot~beara~c~.
nw aa~ptant~ by th~ ho1dN thereof after ~ny defavlt in sny p~ymcnts heroon, shall be deemed eatension. A late p~yment ch~r~ of 1 0~MII b~
added to each insbl~ment remair?irg vnp~id 7 days ~fta ib dus date, and • like wm shall be added to each such installment ran~ininp unp~id 7 day~ afttr
each tutu~dinp p~ym~n1 dat~.
E~ch en~k~r, w~Ny u~d endorse~ herwf, jointty and uvenlly, w+ivss demu~d, presentment protest ~nd notics of proteit for ranpaymaM, snd furtFw
agrees fo u~y ext~mion of tim~ of payment, either beforo or aftcr maturity, without notice to any of us; and ~to pay all costs of collection, Includinp •
reasonable sttwney i fee in the event of any defau~t hereunde?, a~d hereby sevcraily waives all benefit of homestead and exemption unds~ the ta~stitutan
a~d laws of each Sut~ of tM United States, as sga~nst this obl~gatio~ w sny extension w rcnewal hereof• '
Witness tF» Iwd and ual of eath psrty.
~ A1Pred LerQ~ Schinlever ~
~ Beatriee Ruth Schinlever ~?q
(s~?u
~ 4.5~ ~ s?.h R.~«„» `s~w
cs?amp, ~.~od~.d w, o.i~u,.~ ~a.)
NOW, THEREFORE, tM MORTGAGOR fw tM pi?rpose of securi~p payment of said wm of = 3 s ~~0 ~ 00 ~ uid th~ perfwm~nu of th~
cov~nanM and ~pnements hNtin+hK ~xpreued. and for diven 9ood and valwbl~ consideratans, by thest presM». dots qrant, bar~ai~, s~ll, rtmiie.
release, oonwp and aonfirm unto tM MORTGAGEE, its suueuas and ~uigni, all that certain IoL piea a pucel of luid, situ~t~, lyirg, and b~irg in tM
County of `St• I+UC~9 , and Stat~ of Fb?ida, de~cribed ~s follawi:
Lot 16, Block 18, IInit #3, L~WOOD PARK SUBDIVISION, as per plat thereof
recorded in Plat Book 10, pages 63-64, public records of St. Lucie County,
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F J Z DOCUMENTApN STAMP TQX ~~OG
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~ ~ - OCT-T66 ~`~~r.y_` = f~ o~ Nt t7~. Qve~t
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CO?~IPTROLLER - n
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roflether witfi dl and sinpular th~ t~n~nu. herediumenri and ~ppun~nces theraunto balongirg w in anywise appertairNnp thareto, a~+d all nnts, is+ws.
p.«eeds and profib acwirg and to sccrw from s+id premisa, all ot whid~ ue included in tM abov~ and fapoirg dewiptan ud h~bend~nw
TO HAVE AND TO HOID th~ abow described and ynnted premises unto the s+id MORTCsAGEE, ifs wocessors and assigns fonwr- Md th~ ~+~d
MORTGAGOR fw ~eir eX~~, ~~;~tw~on snd auipns, hereby covensnn with the ssid MORTGAGEE, its siraes~ors ~nd assiprr.
rhar thav nra ~~Ih in fee simple: that the same are free, cku and d'aclwped from all li~ns and Mcum~
brances in law o~ in puify, and fMt~~- will u~d t,hA~ T heirs sFwll warrsnt and d~f~nd t!» title fo fhs s+mt fo tM wld
MORTGAGEE, its suco~ssors +nd aasgns, forever p~irot the lawful cl+ims and ds~nands of all penaas
PROVIDED, AIWAYS /Mt ii tM N10RTGAGOR sh~ll pay unM the MORTGAGEE th~ promitsory not~ Mtt'~nbefor~ dewibed and sMll ttvly, promptly
and fully p~rform, d'adwrpe. ~xecut~, compl~t~, comply wirh and abide by each and every the stipui~iwns, pra~menn. conditiom and ooven+n» of s+id !
~ promiswry rab and of thn 1Nort9ap~, then thu Mortyap~ ~nd tAe Esute bereby aeated sMll uas~ ~nd b~ null and void.
~ IT IS UNDERSTOOD tMt tM word "Mortyyw" whether in the singular w plwal ~nywhere in this Mortgaye, shall be ~npvla if ont onh 1
sh~lt b~ plural jointly ~nd ~wnlly if mor~ than one. ~nd th~t the wwd "their" as used anywhere i~ this MwtyaQ~ sh+ll be take~ to me~n '1?b: ••'Iwn; • :
or "its;' wMrsvsr tl» aontacf io impliet or admin. Also, th~t wherever there is a nference in tht covena~ri and ~yr~emenfs Iwrsin eontiund to any of
rhe parties iwrNo, Hw sam~ ~hall be construed to me+e +s well ~s the heirs, lepal rspresentativei, sua~uws and ~uipra (either volunary bp ~ct of th~ ~
partie~ a involuntary by op~?aYan of tM taw) of the sam~ and tMt tF?e coven+nts herein contained sFWll bind and tM b~nefiq and ~dvanta~es inw~ ~
ro the rap~etiw Mirs, Ipd npra~ntatiws, wccesson +nd +ss~ns of the psrti~s Mreto.
And s~id Mort9~por~, fw tF~emselws and their heirs, leyal representatives, s~ccessors and auigro, hereby jointly ~nd wwr~lly coven~nt and pne
to and wftF~ tM wid MORTGAGEE, its woustors and assiyro:
1. To psy dl aod sinp~lu tM principal ~nd inr~rqt u~d tfie vuious ~nd wndry wms of mo~ey paY+bl~ by virtw of said promiswry ~ot~, and this
mortgap~, wcb and waY. P~a^P~H on tM days ~~spectivtly the same ~ev~r~ly bscon» dut.
2. To pay all and i~ular th~ t~~us. ~sus+en~nb. Iwies, liabilitia, wl'gatiom and eexwnbnnces of wery rwtw~ and kind now on ssid dMCr~d
property, a that Mr~aft~r m~y b~ inpowd, wffend. Placad, levied, w~wssed therson. 01 ~IMt MfNftN fMy bf ItVild w uwswd upa~ thia lMorq~
+y~, w tM Y~d~bt~diwss wound Mttby. ~sd~ and wKy, wh~n dw and p~y+blt, accordin~ to law, b~for~ thty bsconN ddinqveM. ~nd b~fort ~ny btit~r~at
artacMs or ae~/ p~e+MY i~ incwred; ANO INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 6E PROlNPTtY SATISFIED AND DISCHARGEO OF
RE~ORD AND THE ORIGINAL OfFIC1Al ~OCUMENT (Sl1CH AS, fOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED
CR CERTIFIEO) SHAII 6E PLACED IN THE HANDS Of SAID MORTGAGEE WtTHIN TEN DAYS NEXT AFfER PAYMENT; and in the event th~t a~ryr 1hKeof a na
pa~d, sat:afiwd and dischKp~d ~aid MORTGAGEE may at any time pay tl+~ same w any paA thereof withovt wi~virq w~ffectinp any option, IiM, eqvity a
•~aht unda or by virtv~ of this nw?ty+Qe a~d tFw full amount of esch snd every i~ch psyment ahsll be immedistely d~e and payabk ~nd ihall besr inta~st
~•om tM dat~ th~reof ~ntil paid at ratt of nirw pe~ centum pe? ~rnwm and to9ether with such interest sMll be setured by Ihe lien of tl?:s mor9bp~.
go~ 156 PACE 333
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