HomeMy WebLinkAbout1439 9th February ~p. 19_68 ~.M,.N,
THIS INDENTURE, AMd~ th~ d~y of 1 rd h 15 W 1 f e,
Milton W. Raird and hLixjorie C. s ~
of $t • LUC1C Cp~nfy Flaida, herainafte~ d~slpnated ai ~M "MORTGAGOR;' and FIRST FEDfRA! SAVINGS AND IOAN
ASSOCUTION OF FORi PIERCE. • cwpor+tan or9~nized and exi»iny unda 1M laws a~ tM Unit~d Sut~~ of Am~rka ind havinp iri principal pl~c~ of
busin~u i~ 1M City u~ Fort PiKCe. St. l~ci~ County. flaida~ I1tffIMliSf d~siyn~ted as tM "MORTGAGEE." .
WHEREAS tM MORTCsAGOR ia jwtly indtbted to tM MORTGAGEE in tM sum of i 40,000.00 , good ~nd ~~wful monty of the United
Statei ~dvsnced by tM MORTGAGEE unto ths MORTGACsOR, as evidented by • urtain promissory not~ of. even date her~with, of which th~ followi~p i~
wadi and (igu~~s is a t~w copy, towih .
: 40~00~.00 ~,~0 14,702 ~ ~
Fwt Pieres, Florids, Februarv 9. ~9~8
For v~lw ~eteived, 1, we o? eithe~ af us, promise to pay, without defakarion, to the order of FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE at Forf Pitrce, Fbrida, the sum of Z'40+~0.00 w;th interast irom date at the rate of 7% pe? annum, in monthly instal6
me~ts as foliowi: s~6U.00 lOtt1 ~y of March ~q 68 ~ Iike sum on the cwrespondirg day of each rtw~th the~r
after until ~he whole be fully p~id.
Each installment first shall be applied in payment of the inlerest and then on the unpaid balance of the printipal sum. If default is msde in tM
payment of any i~stallment when due, and such default continues 30 days, then at tha option of the holder, snd without any other notice, all the remain~ng
installmenti shall be due ~nd payable a1 once. Privilege is given fo p~epay this note in whole or ie psN ~t any time witho~t penalry. •Neithe? forebearants,
nor stceptsnce by the holda thereof after any default in any paymenb hcreon, shall be deemed eatension. A late payment charge of =~iQQ shall be
+dded ~o each installenent remaining unpaid 7 days afta irs due date, and a like sum shall be added ro each such installment remaininp ~npsid 7 days ahsr
each succeeding payment date.
Each maker, surery and endorse~ hcrcof, jo~mly and severally, waives demand, p?exntment protesl and notice of prorest fw nonpayment, ~~d funher
agrees to any eztens:on of time of payrrKnt, either before o~ after maturity, without notice to any of us; and to pay all costs of collcttion, i~cludin~ a
reasonable attorney's fee in the event of sny default Ix~eunder, and hereby severally waives all berx(it of homestead and exemption under tM cM~titutan
and laws of each State of the United States, as against this obligation or any exunsion or renewal hereof.
Witness the Mnd and sesl of each party. '
S/ Milton W. Baird ~wp
S/ Mariorie C. Baird ~u
(5~?U
(S~?U
t, $ 6 n•~ , Stat~ Revenw
(Stamps pncelled on wipinal note)
NOW, THEREFORE, the MORTGAGOR fw tl?e purpose of secu~iny payment of uid swn of = 40,00~.00 ~ t~ ~rfa,~~~ of tM
oov~nanb and ~yreemcntf hereinafter expreued, snd for divers 9ood u~d valu~ble considewYwn~, by these presa~n, does gr~M, baryain, ull, remise,
rels~st, conv~y and confirm unto ths MORTGAGEE, iq iuccessori and auigns, all tMt cen~in lot, pieoe or partel of I~nd, situate, lyirg, and beinp in tM
~ty ~ St _ Lucie , and St+te of florida, d~urib~d a followu
Lots 1 and 2, Block 1, GLIDDEN TERRACE, as per plat thereof on file in Plat Book
7, page 47, of the Public Records of St. Lucie County, Florida, ~
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topethsr with all snd singvlar th~ tenements, hereditamenn ar+d appu?ta•xes thtrevnto belonginp w in anywite apperuinirg tF~ereto, and all renb, iuws.
proceed~ snd profin accru~rp aod ~o uuue from ~aid premises sll of whKh ~re included in the abov~ and fwegoin~ description and Mbendum.
TO HAVE ANO TO HOW the ~bove de~cribed +nd ~ranted pemises unto the s~id MORTGAGEE, ia suaessors and auipna fwsver. And tM s~id
AhORTGAGOR fa thPi r ~~r~, executors, ~dministratws and auigru, hereby covenanri with the s+id MORTGAGEE, ib succeswrs +nd ~ssfprn,
that - th-~X- ~re - lawfully seized of the ssid prem~ses in fee simple; th~t the same ~re fre~,. ciear and disch+~ged from all liau and ~ncunf
bru~ces in Isw w in equity, and tF~at t heY will and the i r heirs shsll warrant and d~fend th~ ti11~ to the samt to tM ~+W
MORTGAGEE, its succeuors ~nd auigm, faevtr apainsl~the Iswful claim! and dem~nds of ~II persons;
PROVIOED, AIWAYS that if tha MORTGAGOR shall p~y unto the MORTGAGEE the promiuwy note hereinbefat described and sh+ll truly, promptly
and fully perform, d~sch~rpe, executa, complete, comply with and abide by euh ~nd ~very tM stipul~tions. preernenb, condiY~om and covenan:i of uid
promiuory rate and of this Mortyape, t}~er? this Mortysge snd the Esute hereby v~ated ahall cea~e and be null and void.
IT IS UNDERSTOOD that the wwd "Mortg~or" whe~her in the sirgular w pl~ral anywtror~ in this Mortype, slull be sirgula~ if one only ~nd
sMall be plu(+1 jointlY and s~veralfy if more tMn ont, and thst th~ wwd "their" ss used ~nywher~ in thia Mort9sge shall be taken to mesn "his;' "hen,"
a"its;' wherever the context w implie~ w ~dmits. Also, tMt wh~reve? thcre is a refaenc~ in the covenanri +~d ayrecments herein contai~ed to ~~y of
tM parties hereto, the tun~ shall be corntrued to mea~ ~t well ~s the hein, kyal represenutives, s~cc~uors and ~ssiym (eitF~er volumary by act of th~
p+?tia w k?voluntary by operation of the I~w) of tAe same snd that the covenants Fwtin coMained ah+ll bind ~nd tF~ bentfiri ud advantapes i~ur~,
ro tfw respectiw he7n, 1e9a1 represent~tives, s~ccesson and ass°yru of tM puties h~r~to.
Md aid AAortga9ws, fw themselve~ snd their hein, ley~l reprsser+tatires, sua~ssora and auiprts, hereby jointly and tevaally cowna~t ~nd pree
ro and with tt~ said MORT6AGEE, its wcceuors and +stiyro:
1. To pay all and sinpular tl+e princip~l and intaest and thi wriovs ~nd w~dry wms of money paYabl~ by virtue of taid promiuwy note. ~nd this
mortya9s, each a~d wery, promptly on t!w days respectivcly the same sw~rally become dw.
2. To pay a0 ~nd sirg~lsr the ta:a, asxsunenn, levies, lisbilitie~, obliyations and sncwnbrances of every n+ture +nd kind now on said desvibed
prop~rty or th~t hereaher may b~ impw~d, wffered. Pl+ted, levied, or auessed thereon, or that he~eafter may b~ lev3ed or usesied upa~ this Mortp-
ay~, w tiw indsbtedrnsr ~ecured Fror~by, e~cA u~d every, wMn due ~nd paysbl~. ~ccordirg ro law, befwe they become delinquenf, and b~fon any intere~t
atuches or ~ny p~nalty ii incwred; ANO INSOFAR AS AN~ THEREOF IS Of RKORD THE SAME SHAII 6E PROMPTLY SATISFIED AND DISCHARGEO OF
RKORD AND THE ORIGINAL OFFICIAI DOCUMENT (SUC AS, FOR INSTANCE, THE TAX RECEIPT OR TME SATISfACT10N PAPER ~OFfIC1AllY ENOORSED
OR CERTIFIE~) SHALL BE PUCED IN ?HE MANDS OF SAID MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; and in the event that any tF+ereof is not
paid, saY.sfied and discharyed sa:d MORTGAGEE may at any time p+y the same a any part thereof without waiviny w sffecti~g any option, lien, equiry a
.iqht under or by virtue of this monyaye and the fvll amount oi each snd every iuch payment ahall be immediately d~e and payabk and shall b~a interat
~rom the date thereof until paid at rate of nirK per ce~tvm per snn~m8~xto~e~p ~~h • ~nhrat aMll be sccund by the lien of th:s mupt~ye.
1 F~c~4~34
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