HomeMy WebLinkAbout1085 , . 1b4V"l7
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+ THIS INDENTURE, M~ th~ 1St d,y ~ ~ February ~ A,D. 19
68 b~fvr~tn
~ Arthur N. Schmalz and Betty A. Schmalz, his wife,
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of Indian River CW~~y Flwid+, Mnin~hM dalpn+ted a tM "MORTGAGOR,' and FIRST FE~ERAI SAVINGS AND IUAN~'. -
~ ASSOCIATION OF FORT PIERCE, ~ oorpa~tion orpanlsed se~d existtnp w~dN tM (~ws ~ of tM Ueibd Sta~a of Am~ric~ ~nd havlrp (t~ princlpal pl~p of ' '
bu~ir~ in th~ Gty of_Fat Piua. St. luci~ Couory. florida. IN~~inihM tlMipMt~fl ~s tM "MORTGAGEE."
~ VYHERE115 tM MORTG/1GOR is (wtly indebt~d b tM MORTGAGEE in tht swn of ~i3 ~ ~ ~0 ,~ood ~nd lawfvl monty ~ iht Un~t~d
, Sutq adv~nced by th~ MORTGAGEE unto tM MORTGAGOR, b~videnpd by a, ot~tain ~proin~wy not~ of ~ven date hsrewith, oi which tM tolJowir+p (n
wwd~ +nd fgwa h• trw oopY. to-wit:
~ = 13.000.00 ~ 14.b87
. February 1, '
Fwt PiKC~. Flor~da. ~q 68
~ Fa v~iw nteived, 1, wt or either of us, promise to pay, withwil d~~~lutioq, to tl» orda of FIRST FEOERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE at Fat Pierce, Fbrida, the sum of ~ 13 ~ 000. ~0 vvith intere~t from date +t the rate of6 • 75'1(. per annum, in monthly inst~ll-
~r,ents ss follows:: 99.00 ~ t~ lOthd,y of I~1Sy 19 68 snd s liks s~m on the cwrespa?dinp day of each ma+!h th~n-
after until the whol~ b~ ivlly p~id.
Each insullmcnt first shall b~ appGed in payment of the interest and thcn on the unpa~d balance of ths princtpal swn. If detauit is msde i~ the
payment of ~ny installmcnt when due, and such default continues 30 days, then at the option of the holder, and without any ot1?er notice, all the remaininp
~nsqllma?n ahall b~ dw and psyabb ~f once. Privibg~ a~ivcn to prtpaY this note in wlwl~ or in ps~t +t any time without penalfy. •Neithar faebsarance.
nor acc~ptanc~ by th~ ho~der thereof after any default in ~ny payments hereon, shsll be deaned extensioei. A l~te p~yment cMrye of = 4_.95 ~
added ro tach inttallrnsnt ren+aininp ~npiid 7 diys after ib dw dat~, and a lik~ sum shall be added to e~ch such ie?itallment remair?inp unp~id 7 d~ys ~ft~?
each wtteedin9 WYment daf~. .
E+ch maker, surety ~nd endwser hereof, jdntly ~nd severdly, waiva demsnd, prpentment protest and notice of protest for nonpayment, ~nd furtl+~t
agrees to any extension of tim~ of payme~t, either before or afte~ matw'~,t
r without notice to ~ny of us; and to pay all cosri of collectiw~, includirg a
reasonsble attwney's fee in tM event of any default hereunder, and hcreby ievenlly waives all benefit of Fwmestcad and exemption under the constiMion
and lawi of each Sute of the United States, ss ags~r+st this obligatioh w~ny ewen~ion w renewal hereof.
Witnets tM Mnd and seal of each party. '
S/ Arthur N. Schmalz
S/ Betty A. Schmal2 ~q
(SEAU
, $19. 50 ~ s„» ee~,.~w ~
(Stamps c~nplbd o~ oripinal not~)
NOW, iHEREfORE, tM NWRTGAGOR fw ths pwpos~ of securing p~yment of s~id sum of ~ 13 , O~ , ~nd tM performanc~ of th~ ~
cov~nq and apnem~nts her~inafter exprcued, a~d fw dven 9ood ~nd valwbls canider~tiora, by thae pr~senb, don yrant, bup~in, s~ll, ~~mise, ~
releas~, conwy ~nd confirm ~nto tl+e MORTGAGEE, its wccesson and auqru. ~U that oert~in lof, piep or putel of land, tifuat~. lyin~, and beinp in 1M !
Covnty of St. LIICle , and $tate of Flotida, dNtrib~d p follow~s
Lot 18, Block 14, LA.u~+l00D PARK, Unit No. 2, as shown on the plat thereof on file
in Plat Book 10, at pages 56, 56A, 56B, and 56C, of the Public Records of St. Lucie ~
County, Florida,
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I IN PAYMOITOFTI?~m
RECEIYE~ f
OUEON CLASS'C~ INTANGIBIE PERSONAL rROPE~•
rURSUANT TO CHAPTER 20724, ACTS OF 1~41.
ROG T°=:: Q', Clerk Circuit Gwrt
- - os Agent f~x ~U T{S M.1AM~5
W SiAi ~ ~F rLV~IUA ToXc~iy~~
n~ DOCUMENTAp" S i~MP i'AX C"
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~ ~ = FE8-5'68 ` = ~ DEPUtY Ct~It1C
= ~ 1950- ;
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! toyNMr with ~II and skgular the Mnern~nn. Mreditama+b and ~ppuru.x~s tl~eunto belaginp w in anywiw ~ppat+inirq therNo, u~d ~II renb. htwa,
~ p.oc..ds +~,d p~ofi» acauug and to accrue from s+id premises aIl of which are ind~d In the abov~ ~nd forepoin~ dncription ~nd h~bendvm.
~ TO HAVE AND TO HOID tM ~bore detuib~d and pr~nhd pr~mi~es ~nto th~ s+id MORTGAGEE, ih waeuas and ~uigro for~wr. Md th~ s~Id
~ MORTGAGOR for +he~ r h~in, ~xecuton, administwtws ~nd suiym, hereby coven~nta with th~ said MORTGAGEE, its succ~sswi ~nd
iMt thp~
a~- lawfuly seized of the ~id p?emit~s in fe~ simple; tFwt tM sam~ ~r~ frN,. clea? ~~d dixMrped from all lieru and ~ncun?
? branas in law a. In puity, and tMe t~1eV will u~d their htirf ahall warnnt snd d~fend tM titb b th~ s+m~ ro th~ sald
i MORTGAGEE, it~ successors and asspm, forwer ~pairut ths lawful claims and dan+nds of ~II pKSO~sj
PROVIDED, ALWAYS th~t if tM MORTGAGOR shall p~y urero tM JNORTGAGEE th~ promu~ory not~ hsr~inb~ior~ dtxribed ~nd ~II truly, promptly
E •nd fulty p~rfo?ny d"xhirpe, tzeart~, compbte, comply with and ~bide by e~ch ~nd tvery ttw ~tiprlaYans, syreen?enri, conditiom and covenan:~ of said
pr«n'wsory noh and of this Mat~ape, then tMis Al~ortQ+ye +nd tl~e Fit~te haeby cn+ud ~MII ceas~ M+d b~ rwll ~nd void.
IT IS UNOERSTOOD thst tFK word "Mortppor' whe~he~ in the sinpular or plwal anywher~ in this Matqape, shall b~ sirgu{u if ont only and
shall b~ plural jointly and severally if mor~ tl»n on~, and tMt the word °their" as u~ed anywMre in tha Monpap~ th~ll b~ tak~n to rrw~n "his;' "Mn;'
w'ib," wher~va tM content w implies or admits. Alw, that wh~revar there a• r~fe~~na in tF~t oovsnants ud pnemenri hersin cont~ined to ~ny of
th~ p~rrles he.e% tM t+me sMll b~ corarnred ro m~an as w.lt u tM Min. Ipal npreNr?t•riws, wa.~swn and auipro (•ither volu~tary by act of tF»
partias w involuntuy by operation of tFw IeNr) of the tame and tMt the coven+n» Mrein ooetairnd ~hall bind and tM ben~fin and adv~nray~s Gxw~
ro th~ nspectiw Fwin. I~I representatiws, waeuas u~d ass?yro of th~ p~rtia Mr~ta
Md ssid Atiortpapors, fa thamselves and their heirs, Ipal rep~nentstiv~s, a~cc~uas and ~aipru. Mr~by jointly ~nd uverslly cove~aM and prK
to and with t:w uid MORTGAGEE, its suatawn a~d .uipns: i
1. To p~y dl ud sinpular t!K prindpal and intKest u~d thi vuian and sw+dry wms of monry p~Y~ble by virtw of s+id promiuay not~. u+d tha ~
rt,«+Qape, ud~ and .w.y, aomptb on the d.ps resp.c~iwy rM wn~ .ew..~lp b.com. dv.. ;
4. To p+y all ~nd sirgul~r tht ta:a. ~ssesunenb. I~vies. IiabiliY»s, oblip~tiom and ~ncumbr~non of every n+tw~ and ktnd now on s~id d~snib~d ~
prop~rty, w tMt here+h~r may b~ irnpowd, wff~rd, plaad. Iwied. W ~f~ti~ld Tl~erlwl, p tlwf IM?faftM m+y b~ Iwied a as~s~ed upon tFds Matp- ~
+Qe, a th~ indebt~dneu s~cund her~by, sach and way, wMn dw ~nd pay~ble. ~ao~rdinp ro I~w, befon th~y becon+~ delinq~ent, and befon a~y tnt~r~a
' sttscF~es p~ny penalty is incurred; AND INSOFAR AS A THEREOF IS OF RKORD THE SAME SHALL dE PROAAPTIY SATISFIE~ AND DISCHARGEO OF j
~ RECORD AND 1NE ORIGIN/1l OFFICIAt DOCWMENi (SUC~ A5, FOR INSTAhCE, 1HE TAX RKEIVT OR 1HE SATISfACT10N VAPER ~OFFICIAILY ENOORSED
' OR CERTIFIEO) SHAIt 6E PtACED IN THE HANDS OF SAIO MORTGACsEE WITMIN TEN DAYS NEXT AfTER PAYMENT; and in the ewnt th~t any ther~of u no~
paid, sat:~fi~d and dixhary~d satd MORTGAGEE m~y st any time pay th~ um~ or aMr p+A iMr~of withovt w~ivinp w aff~cti~ any oprip~, li~n, pvity a
.tpht under w bp virtu~ of this mortyaye and the iull ~mount of each and wKy such paymeM shall b~ inrnediat~ly dw and payabt~ and ~hall b~u intMpf
~rom the daM tMrwf ~ntil paid it rate of nin~ pa c~ntum p~r ~n~wn and ropNMr with such imMest shall b~ ~ecw~d b~r tM li~n of th:~ mw9tay~.
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' B~K ~ `O PACE1OSz
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