HomeMy WebLinkAbout1985 ~ j l;1r 's -LV~VC7`f
~ nd da of Fr3hru~rv . A.D. 19_~~ Mna~en
?HIS INOENTURE, IVMd~ tM - Y
- Edward D. Reid and Carrie E. Reid~ his w fe
.
\ of 5t. Lucie Counfy florida, MnlnaflN dtsipe?+Md u 1M "MORTGAGOR;' •nd FIRST fEDERAI SAVINGS AND LOAN
ASSOCIATION OF FORT PIERCE, • corpw+tion ory~niz~d ~nd ~xittinp wda tM I~ws of th~ U~ittd Stat~t of Arn~rica at~d Mvlnp i» printip+l pl~t~ of
bu~in~s~ in tM City of Fwt PiKC~, St. luci~ Covnty, Fbrids, h~reinaitN d~~ipnat~d ~i tM "MORTGA~CsEE:'
~ WHEREAS 1l+~ AAORTGAGOR h juitly indtbted to ?M INORTGAGEE,in ths sum of =~i00~•~~ 9o~d +^d lawful money of flu Un~tad
S~ates advanced by 1M MORTGAGEE unto ths MORTGAGOR, as evidcnted by a p~t~in p~cimiuwy no~~ of even date herawith, of which 1M foliowinp In
wads a~d fiyurss it • t~w copy. to-wit: L
~ 11 s~~~ ~ QO ~b~~ ~
fort Pierc~, Flwida, February 2~• lq 6
Fw valve receivcd, 1, w~ or eithcr of us, promise to pay, without deialc~tion, ~o th~ order of FIRST FEOERAL SAVINGS AND IOAN ASSCCIATION Of
FORT PIERCE at Fwt pPie,rce, Fbrida, the sum of s 11~ ~~O.OQ w;th Intar~espt from date at ~Ae rate of sz~~ per annum, i~ mo+~th1Y iruu~b
ments as (ollows: • on the day of JL1T1A 19_.S2SZ and a tike aum on the cwrespor?d~rg dsy of each ma+th tMrr
afler until the whole be fully paid.
E+th installment firtt shall be spplied in payment of the interest and lhcn on the unpaid bstance of the princip~l sum. If default is m~ds in the
payment of any installment when due, and such deFault continues 30 d~y~, then at the optio~ of the holder, and without ~ny other notice, all the remsining
installments shall be due and payable at once. P~ivile9s ii 9iven ro prepaY tha note in whob or in paM at any t~me wi~ho~t pen+lty. •Neither fwebear~nte,
nor acctptance by the holda the~eof after ~ny defaull in ~ny paymenls hereoe, sMll be dcemed extension. A late payinent cMr~t of i~-~Q.-. shall b~
added to each install~ne~t remaining uopa~d 7 d~y~ ~fter its dw d~ts, and a like sum shall be +dded to each such instatlmsm ~am+ininp unpaid 7 dayt after
eath succeed'+ng payment date. ~
Each make+, surcty ~nd endoraer hereof, jointly and severally, wsives dem~nd, p?esentment p~otest and notite of protest fw nonpsymenl, and furthet
agrees to sny extension of time of payment, e~ther uefore or afte~ matu~ity, without notice to any of us; snd to pay all costi of mllenion, including s
reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all bene(it of homestead and exemption under ths tm~titution
and lawi of each State of tF~e United States, as against this ob!'yation or any extension a renew~l hcreof.
Witneu the hsnd snd ual of each pa~ty.
s Edward D. Reid ~
s Carrie E. Reid ~q
cs~?u
cs~w
, 16.50 ) StaM Rwenw
(S?«nps c.nc.u.d o~ aiyina~ nor.) ,
NOW, iHEREfORE, tM MORTGAGOR for tM purpose of securinp psyment of said sw++ of = 11.~~~.~~ , and tM perform+~ce of tM
tove~anb ~nd apreements hereinaftet exprcued, ~nd fa divan goad +nd valuabl~ consider+tiau, by thest presents, does pr~nt, bar9~in,_ selt. remise,
release, conwy and coni'um w+ro tM MORTGAGEE, ib successors ~nd ~uigns, +II that certain bt, pieu or pucel of lu~d, ~ituan, lyinp, and beinp in tM
C~ry S t. L~xc i e . ~nd Stat~ of Florid~, d~wib~d a~ fdlows:
Lot 20, Block 5, LAI{E:d00D PARK SZJBDIVISI01J, UPIIT No. 8-A, as per plat
thereof recorded in Plat Book 11, nage 47, public recorcis of St. Lucie
County, Florida,
Qi ENS OF QE~ .
_ C,\B,-~ A~
55 N
A~ A~ /
Ci~~AN ~24. J~~t
R~~pN ~
~SO H~P ~1• k G~~~v~~S
ov~ vrNj ~ ~ At~:
P a5 Z'~ M' ~
V c -V ' ed°~-
_ Q~ P~,-,~t f~tu~ty Tox ~d o£e~j,~ G~aK
~ ~ . ~ ~ ' ' ` . tv~? ~
j r occi:;.i~Nra~~' J~`'`"__ S`•
~ F- - =
~ a = FEaz6~~s 4~ ;4~ -~.s~, = ey
o = I650=
N V COF!PTRCILER~ ^.y..
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pF1,14D'33
topttF~ with all and sinyular tM teixmenb, heredit~menn and appurta:xes thsreunto belonairg ot in ~nywise appeA~ininp thereto, and al) renb, issw~,
proc~eds ~nd profits ~ccru7rg and to scnw from said premises all of whid~ u~ incl~ded in the abov~ ~nd fore~oin:. dtwiption and Mbendum.
TO HAVE AND TO HOID the above described and 9rsnted premises unto th~ s+id MORTGAGEE, ih suaessor~ u+d +uipm for~va. Md tM ~+b
NWRTGAGOR fw j'hBlr hein, executon, +dministraton and auigru, Mreby cown+nn with the uid MORTGAGEE, i» waeswn ~nd awi~ro,
tMt th~-~ 8r@ lawfutly seised of tFr ssid premises in fee simple: 1Mt th~ ~ame ~r~ frN., ck~r ~nd discMr~ad irom sll Ikns a~+d ~?a+m-
brances in I~w w in equity, and tha* they will ~nd thAi r l~eir~ shall warrant and dsfN+d th~ titk w tM s~rrN to th~ ~aid
MORTGAGEE, irs succeuors ~+d +uigro, fwever ap+inst th~ I~wful claims and demands of dl persons;
PROVIDED, ALWAYS tMt if the MORTGAGOR aMll p~Y ~nto the AhORTGAGEE tM pramiawry note her~inbefor~ dewibed ~nd ihall truly, promptly
~nd fu{ly perfwm, disch~rpe, execut~, compkte, comply with and ab~de by each and every tM atipulations, preeinents, condiYian ~rd coven~nt~ of aid
prom~y note ~nd of this Morty+y~, then this AAorsyay~ snd the Est~te her~by aeated ~h+ll uas~ and be nu0 ~nd void.
IT IS UNDERSTO00 that the word "Mwtyspor" whNher in the sirgulsr ot plwal anywher~ in this Mwtyape. ~hsll be sinpulo if one only and
•hsll be plur+l 'piMly ~nd averally if mor~ than on~, and that the word "tMir" as used ~nywh~n in thin Mortyape thall be tsken to mesn "hi~ •.Mrs
or "in;' wherever the conte:t w implies w admit~. Alw, that wherever there i~ a ref~renc~ in th~ covenan» and ~reemenh herein cont+in~d to any of
th~ p~rties hereto, the same ~h+ll be comtr~ed to mean ~s wdl u tM hein, lepat r~prNentatives, sucpssors ~nd ~uipro (either voluntary by ad of th~
partiq or invdunt~ry by operation of the law) of tlw tam~ and tMt ths covenants her~in contained shall bind and tM benefin u~d advanta~~s inw~
to the respectiw hein, kyal representatives, wueuon and ~u~pm of th~ putiss h~roto.
Md uid Morty+pwa, fw themselves and tf+ei~ hein, leyal representativp, succestat and assipnf, hereby jointly and severally covenant ~nd ayree
ro.nd wirh thr said MORTGAGEE, iri suttessors ud auipni:
1. To pay all and sirgubr tM prinapal ud int~rest and thi vuavs and wndry sums of mawY P+Yable by virtue of asid promiisory note. +r+d tha
mortpaye, e~ch ~nd wery, promPtly on the day~ respcctiwly tFk ~am~ sev~rally becane dw.
2 To pay ~II ud siigulu th~ taxes, aises~mend. Iw~. IiaWlities, oblipatiom ~nd ~ncumbr~nc~s of ev~ry natw~ and kind now on s+id desc?ib~d
property o? that h~resh~r may b~ imposed, wN~r~d, pl+ced, kviwd, or +~ssed thereon, w tMt Mreafia may be levied a aiseased opo~ this MortQ-
pe, a t}N ird~btedn~u sswred her~bp, ~ad~ and ~v~ry, wfie~ dw and pay~ble, accordiny to law, before th~y becom~ delinqucnt, and befon any int~r~st
attaches w any penalty is incvrred; AMD INSOFAR AS AN THEREOF IS OF RKORD THE SAME SHAII dE PROMPTIY SATISf1ED AND ~ISCMARGED OF
RECORD AND THE ORIGINAL OFFICIAI ~OCUMENT (SUC~ AS, fOR INSTANCE, THE TAX RKEIPi OR THE SATISfACTION PAPER -f~FFIC1AlLY ENDORSED
OR CERTIfIED) SHAII 6E PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN ~AYS NEXT AfTER PAYMENT; ~nd i~ the event that ~ny thereof is not
paid, tat'sfied and distMrped ia:d MORTGAGEE may at any time pay the same w any p+rt thereof witFw~t wsivirg a aff~ttinq any option, lisn, eqviry or
.iqht under or by virtue of this mortgsye and the fvll smouM of each snd tvtry svch paymenf shall be immediately due and payable and shall be+r inte?est
~rom the date ther~of until p~id st rate of nirK pe? centum ptr annum ~~d toyether with axh inttrqt shall be secur~d by the fien of th:s mo~ptpt.
y DO~1~ i~~ PNCE i y 1 V . -
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