HomeMy WebLinkAbout1987 ' ~ { i : ~ ' ' 1Ci`~VVV
THIS INDENTURE, Mad~ ~ti. 23rd da~r of Febr~~y ~ A.D. 19
~8~ b~tw~
L'dmar~ Inc., a F2oriua corporation~
o` Saint Lucie ~~H Fto~ida, Mre~euftN d~tipnated a~ th~ "MORTGAGOR," a~d fIRS1 FEOERAI SAVINGS AND LOAN
ASSOCIATION OF FORT PIERCE, ~ co?paarion o~~ani:cd and exisri~y under tM lavw of tM Unit~d Sut~f of Am~ric~ ~nd Mvinp iq princip~) plac~ of
busin~a In tM Ciy of Fort P;~ru, St. luci~ County. Florida, her~inaltH d~i~p~at~d u N» "MORTGAGEE."
WNEREAS tM MORTGAGOR ia j~ntly indsbttd ro ti» MORTGAGEE in tM sum of = 12 „ g~ and lawful monsy o! the Un~ted
States ~dvancad by ths MORTGAGEE unto the MORTGAGOR, as evidenced by a cehain promiuory not~ pf even date herewith, of which 1M followinp in
~
q~i; .~ad_ :g~y~s is • trw copY. to-wit: 14 ~ 7?4
VW vv
February 23~ NO
fort Pie?ce, Florids, ~y
for value received, 1, we w eithe~ of u~, promise to pay, withoul defalcarion, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
fORT PIERCE st Fwt pieres, fbrida, the sum of = 12 +~0 with interesf irom date at ths rate of 6•7~ per annum, i~ monthiy inst~ll-
menh as fotlows: t 122 •00 lOthday of 'J~e 1968 snd a liko sum on the correspond~n4 day of each month tMrr
~ftsr until the whole be futly paid.
Each installment fint ihall be applied i~ psyment of tFx interest and then on the unpaid balance of the princupal sum. 1f default ii made 1n fhe
payment of any installment when due, and such defsult continues 30 day~, lhen at the optan of the hotder, and without any other notice, all the remai~ing
insallments shail be dw and payable at oncs. Privilege is give~ to prepay this note in whole a in part a1 ~ny time without pen~lty. •NeitM?sr fotebear~nce,
na atteptance by the holder thereof afte~ any defaull in any psyments hereon, shall be deemed eztension. A late payment c!Wr9e of S 6'l~, sh~ll bs
added to each install~nent remain;nQ unpaid 7 days afta its due da~e, and a like wm shall be added to each iuch installmant remsininy w~paid 7 days ahK
each iucceedirg paymenl date.
E~ch maker, iurety and endorser Fxreof, jointly ar+d severally, waives demand, p~exntment protest and notice of prote~t for nonpayment, and iunhsr
egrees ro eny extension of time of paymcnt, cithcr befwe or after maturity, witFwu~ not;ce to any of us; and to pay ail costs of collettion, includ~np a
reasonabk attorney i fee in ~he event of any default hereunde?, •nd he~eby severally waives all beoefit of homestead and exemption under the cor?ttitWion
and laws of e~ch Sute of the United States, as againat this obtigation w any extention or r al hereof
Witness the Mnd and sed of each parry. ~~IIaY ~ Y i1C .
By: /s/Edmund bI. Rac~ke~ Presider~tu
Sealed ~vith the corporate seal
[ittes : s o is . a e, ecxe ar~U
U
r $18 ) stars aevenue ~U
(Stamps untelled on oti9inal nols)
pu poss of securi
NOW, THEREFORE, ths MORTGAGOR fw the r ng payment of ssid wm of ; ZZ 7~0 and tM performance of tF~s
covenann ~nd ay~scmenti hertinafter expreued, aad fw diven 9ood ~nd wlwbt~ consider~tion~ by thes~ prasents, does yrant, baryain, ~ell, remtae,
releue convey and confirm unro t1M MORTGAGEE, iri sucteuors u+d ~ssqns, all that eerti~n lot, pieca pr puql of land, situat~, lyinq, and b~inp in 1M
~~~ry ~ S aint L uc ie ~~t~ of Flaida, d~wib~d ~s fdlowa:
Lot 12, Block 6, SOUTI-~;ZN PIIVES SUBDIVISION, as per plat thereof on file d:n .
Plat Book 9, at page 68, of the Public Records of Saint Lucie County, Florida, ~ `
of.~*xt!
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toyether with alt ~nd sinyvlar 1Fw te~ementt, hereditamenh and ~ppurtarxes fhereunto b~lonpinq w in ~nywi~e appert~inirg thereto. ~nd all renb, issws,
proceeds ~nd profin attrviny ~nd ro ~ccrw from said ptemises +II of which ~re inciuded in the sbove and fwe9oin:~ dewiption and habendum.
TO HAVE AND TO HOI~ the ~bove desu~bed and granted prsmises unto tl~ s~id MORTGAGEE, iri woceuors and auipro fwevar. Md tM uid
MORTGAGOR for it~- heu~, executon, administrstws and assigm, hereby covenanb with the s~id AhORTGAGEE, iri succeiwn and ~ssipro,
rh~t --1t 1g lawfully seized of the said premisy in fes simple; that tht um~ ue fr~e,. ckar and discha~ped from ~fl tiens and «uvm~
brances in Iaw p i~ equity, and that ~-t will s~d 1tS heiry sl+afl warr~nt ~nd d~f~nd tM tiN~ to th~ same to tF» said
N10RIGAGEE, ib s~rccessors ~nd auiqns, faew~ ~giinst th~ Iswful cl~ims ~nd demands of all p~rwra:
PROVIDED, ALWAYS tFut if tM MORTGAGOR shall p~y uMO the MORTGAGEE fM promEuwy note hertinbeiort dtscti5ed ~nd ~h+ll huly, promptly
a~d fully perfwm, d~scharp~, execute, compkte, compty with ~nd ab~de by each and wery tlw stip~l~tions, ~yreer~fenn, conditiora and clorren~nri of aid ~
pr«n~swry nota and of thes Mon9ape, then th;s Mwtyap~ and tM Estate hereby aeated sh~ll ceaw ind b~ nutl and void. ~
IT IS UNDERSTOOD th~t the word "Mwty~ya" whether in the ~irgular w plwal ~nywFitrt in thi~ Mort9apt, shall be sinp~l~r if one only ~nd ~
shall be plural jointly u~d wverally if more tMn one. ~nd that tF+e word "fheir" as vsed anywF~ere in this Mortga~~ sh~ll be taken to mea~ "his:• "Mr~" ~
w"ih;' wFrorever the contsxt so implies or dmin. Also, that whe~erer thde i~ ~ rtf~re~c~ in tiw tovsnann and ayrecmenri herein conqined to any of
th~ parties hereto. tM s~ms ahall b~ construed to me~n as well a the heirs. I~yal r~presentatiws, sucuswn and ~ssiprn (either volunt~ry by ~cl of th~
parties w involunury by op~rstion of the t~w) of the urr~e and tMt the covensnn 1~ein cont~ined ~11 bind ~nd th~ benefit~ and adv~ntapp ?nur~ s
to the respscriw Min, kyd rep~eseotatives, wccaaon and ass~gns of tM parti~ h~reto. y
5
/1nd said Mortya~ors, iw th~mselves and their hein, lep~l r~presentatives. ~ucceuon ~nd ~ssi~n~. hereby jointly and sevenlly covenant and ~yne i
to ~nd with thR ~aid MORTGAGEE, its suueisws u~d auipos: ~
1. To p~y dl and singulK tht principal ~od intereit ~nd the veriov~ and sundiy wms of montY p~YaW~ by virtue of said p?omisw~y note, and tha
mortp+pe, each and every, promptly on the days respectively th~ t~rrw ~v~ratly becomt dw.
4. To p~y ~II ~nd si~gular the taza, uiessmenn, levies, lisbilities, obli~~tans a~d encvmbrances of every nature and kind now on s~;d described ~S
p?operty, w tMt h~resher may b~ ;mpoud, suffK~d, placed, levied, w auessed thereon, a that M?~afte~ may b~ tevied or usessed vpon thb MwtQ- i
sy~, o? tl» ir~d~btedn~ss sewr~d h~reby, ~xh aM! ~r~ry, wh~n dw ~nd pay~ble, aawdirg ro I~w, b~fore they become delioquent, and befon ~ny intuat ~
art~ches w any penalty is irxurred; AND INSOFAR AS ANC THEREOF IS OF RKORD 7HE SAME SHAII BE PROMPTIY SATISFIED AND DISCHARGED OF
RECORD AN~ TME ORIGtNAt OfftC1AL DOCUMENT (SUCN A5, fOR INSTANCE, THf TAX RfCEIAT OR THE SATISFACTION PAPER ~OFfIC1ALlY ENDORSED
OR CERTIFIED) SHAII BE PLACED IN THE NANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event that any thereof is rwt ~
p~id, sst'sfied and d~scharyeel satd MORTGAGEE may at any time pay tlk samt or any psrt thereof witho~t w~ivi~y a atitctirg ~ny optio~, lien, squiry or
•~qht under a by virtue of this mort9aQ~ ~nd the full ~mount of each ~nd every suth p~yment shall be immediate~y due and payable and sFull bear interqt ~
,
•om t te the~wf until p~id it rat~ of nin~ per centum p~~ R and roqether w~th ~uch i~ter~st thall bt secvred by the li~e~ of th:s morqt~.
ao~K 170 oA~E1981
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