HomeMy WebLinkAbout2588 . defa sion. ~O
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THIS INDENTURE. Mad~ tFi~ 12 t h d~y of Febr uar v 19 b
R- b~MrMn
Herrnan S Dickerson and Beatrice Dickerson, his wife
of St . LUC1@ County Flwid+. hN~iM~tH d~tlpr++ted +s 1M "MORTGAGOR," +nd FIRST FE~ERAL SAVINGS ANp LOAN
ASSOCIAiION Of FORT PIERCE, • corpaation orp~nizsd ~nd ~xiuiny undK th~ lawf of tM United Suta of America ~nd Mvinp iri principa) pl~q of
buumsa In tM Ci~y of Fort Pi~ra, St. luci~ Couery, Flaida, hertinattK d~tipoated ~s tM "MORTGAGEE."
WHEREAS tM MORTGAGOR ia ju~tly indebqd to ths MORTGAGEE i~ tM ~um of ~ 5~00 _ 00 good ~nd I~wful money of th~ U~ited
Statts advanced by tM MORTGAGEE unto the MORTGAGOR, as tvidenced by a cKt~in promiisory note of even date herewith, of which 1he tollowinp. i~
words u~d fyur~s h• trw copY. ~o-wit:
~ s, 500, oo la,~o9
; : . ~ P~~n. ~,,;d,. Februarv 12 ~ tp.,.bB._
t `i y
Fw v~lw receivad, 1, we o~ either of us, promise to pay, without defalc+tion, to tM order of FIRST FEDERAL SAVINGS ANO IOAN A550C1ATION OF
FORT PIERCE at Forf Pierc~, Florida, ths sum of S S* 5~0 _ 00 with interesl from date st the rate of pa~ annum, in monfhly inttall-
ments u foltows: = 57.00 lOth day of ADtll 1q~~ snd a like ~um on the correspa?tling day of e~ch erwr?th tMr~-
after until the whok be fully p~id.
Each instsllment first sh~ll be applied in psyme~t of the interest ~nd then on ths u~paid balsnte of the p~irxlpal sum. If defauh is made in 1M
payment of sny installment whe~ due, and suth defavlt continuef 30 d~ys, lhen ~t the optron of the Aolder, snd without any other r?otice, ail tF.e rem~ininy
insu~lme~ts sMll be dve and payabk once. Privilepe is y'rven to prepaY this note in whole w in paH ~t ~ny time without penalfy. •N~itMr forebeuance,
~or sccepanc~ by the Mlder thKwf aft~r ~ny default in anY piymenti hereon. ~II bs deem~d extension. A la~e paymem char~ of thall b~
added ro e~ch init+llw~snt ranaininy unpaid 7 d~ys aftet ib dw date, u~d • lik~ sum ihal~ be sdded to each such iruqllment r~maininq unpaid / wys ahK
•ach succeadinp p~ymsnt date. _ _
E~ch maker, surofy snd en~se~ her~of, jointly and atvenlly, w+ives de~nand, presemrt~eot protest ~nd notic~ of protes~ fw ~+onpsyment, ~nd fwtlw~
ayrees ~o any exteniron of Yune of payment, either before or after msturity, wiihout r.otice to any of us; and to pay all costs of collection: includ~rg •
ressoruble attwney's fee in the event of any defauN he~eunder, snd Mreby severally waivss all benef~t of Fwmestead s~d exemption ~nder the ca+~titution ,
and laws of each Sute of th~ United States, ss against thia obli9steon w ~ny exten~ion w renewal hereof.
~tness the hand snd seal of e+ch psrty. ;
~ ~1 -rman S Qi _kersnn ~SEwq ~
(5~/?U ~
g/Beatri -P ni _kc~rcnn (5E/11„)
(SE/1U
~ r 8. 2 5 t Stah Rwen~e
(5tamps unc~lled on wiyin~l not~)
NOW, THEREFORE, the MORTGAGOR fw tM purpose of securinp p~yment of aid swn oi = S~ 5~• DO and th~ perform+nce of tM
tov~nanb and syraemenq Mreinafte? ~xpreued, snd fw diven 9ood ~nd wlwble consideration~, by thess preser?b, doei 9raM, baryain, sell, rem~se,
relsast. tonvty and tonfirm unro 16e MORTGAGEE, iri succeswrs ~nd +uiyns, all tMt «nain bt, piec~ or pucel of land, situat~, lyinp, and b~iap in tFw
~~M ~ St . I.uC 1@ ~ State of Florida, dewib~d u followt:
Lots 12, 13, and 14, Block O, Revised Plat of Alarnanda Vista Subdivision, according
to the plat thereof recorded in Plat Book '7, page 40 of the public records of St. #
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I,ucie County, Florida, ~ -
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~ RECEN~ i ~ltT11NGIBlE ~1R~ IY4~.
I - - DUE ~N C~'p
GHAPTE~ ~72~'
~ J~ ly I~ v' f° L<.J F~ i i..l s~ ~11R3UANT~~Q,S, Ga1ft
DOCUPriEtdTA~J.~S : at Tt,X ROG~ r`''" ~n5 M. k'~
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N COK.PTROLLER = ~ ~
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topether with all and sirp~lar the t~nements, hereditsmentt and ~ppvrta~xes thereunto bslapin~ or 1n snywise appertaininp thertfo. ~nd all r~nri, tuws, ;
proceeds and profiri acvuinp and to xaue from uid premises all of which are included in the sbov~ u?d forepoim descriptan ~nd h~bendum. ~
TO HAVE AND TO HOIG th. sbove dexribed +nd 9r~nted premi~es u~to th~ s+id MORTGAGEE, ib suaessors u+d ~ssipns forwer• Md tlw ~+id _
MORTGAGOR fw their ~~n, ex~~, ~inistraton and auigro, hereby coven+nb with ths said MORTGAGEE, ib wcc~ssws and ~ssiprn.
thar they - lawfully uized of tFr ssid prem~u~ in fN iimple: that tM aam~ ~ro fns.. cku and dischsrped from dl liens and ~nevm~
bances in bw a in equity, and tM~ they wil) and t~ ~ I~eirs shall wuranf and defend ~iw u~N a~ u~ra w rM ~~td ~
MORTGAGEE, its succesion and sssiyrn, fwever pairat 1Fr lawful claims and demands of all perwru;
PROVIDED, ALWAYS thst if the MORTGAGOR shall p~y unto tFK MORTGAGEE the pran'~siwy note here'u~befw~ describ~d and shall truly, promptly ?
and fully p~rfwm, dwcMrye, execute. complete, comply with and sbide by each and w~ry the stipulairons, apreeR?enb, conditium and covsnants of said ~
promiuory note ~nd of this Mortgaye, tT~en this 1Norty~~ ~++d tM Esute her~by aeated shatl cea~ ~nd be n~ll ~nd wiA• ?
IT IS UNDERSTOOD that the word "Mortp~yor" whctl?er in tFw sinpular or plural ~nywfwre in this Matyspe, shall be sinpvlar if on~ only ~nd
shall be plural jointly ~nd s~veully if mor~ than one, ~nd that tF~e word "their" as uud ~nywhet~ in this AAortyay~ shall be taken to mea~ "his," "hen,"
a'its," wF~a~wa the conte:t w impli~s w.dmin. Also, that wherever there is ~ r.faenc. in ~h. cov.n~nn •nd ayreemenn herein comain.d ro•ny of
th~ pa~ties Mreto, the same shall b~ constrved to me+n as well u ths h~in. Ip~l npresent~tives, s~a~uws and assipro (either volunury by +ct of th~
p~nie~ a Involuntary by oper~tion of the law) of the ume and that the covenants haeie cont~ined shall bind and tlw benefits and ~dv~nup~s inw~
to the respectiv~ Min, le~+l representatives, waessors and au~ns of tM partiti Mnto.
qrxJ said Morty~yon, fw themielws and their hein, ley~l r~pre~ent~tives, suaeuws and auign~, hcr~by jointly ~nd sever~lly cov~n~nt and ~pr~e ;
w and with t:y ~+id AhORTGAGEE, its successon +nd +uisni:
1. To pay ~II ~nd sinpul~r th~ principal and int~rest u~d thi varaus and wrdry sums of ma?eY WY+~ bY virtue of iaid promiswry not~, and this ;
mwt~ap~. ~ach ~nd ~very, prornptly on tM dap r~spectively tM sam~ sw~rally becam dut. i
2 To pay all ~nd sinyular ths t~:es. ~ssesunenb. Isvia. Iiabilitia, obliyatiau ~nd sncvmbrances of every natwe and kind now o~ vid d~cribed ~
P~~~Y• or that her~aft~r may b~ imposed, suffered. P~+ced• I~vi~d, o~ ~ss~ued thenon, or that her~ah~r may b~ levied a aueaed vpon this Mortp- ~
pe, a th~ lndebt~dnes~ s~cur~d ha~by. ~ad~ and ~vKy, wMn dw ~nd p+y~blt, acc«dirg to I~w, bfon they become delinquent, sed b~fon uiy intNea ;
atqches or ~ny pen+Ny n incurred; ANO INSOFAR AS AN THEREpF IS OF RKORD THE SAME SHALL 6E PROMPTIY SATISfIEO AND DISCHARGED OF ;
RECORD AND THE ORIGINAI OFfICIAI DOCUMEMT (SUC~ AS, FOR INSTANCE, 1HE TAX RECEIPT OR THE SATISFACTION PAPER -0ffICIAILY ENDORSED
OR CERTIFIED) SNAIL BE PlACEO IN THE HANDS Of SA~D MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and in the avent that any thereof a na
p~id, sat'sfi~d and dixh+ryed srd /NORTGAGEE may at any time pay tFr same w~ny pan ther~of without w~ivinp w affectinp any option, li~n, pvity a
•pht under a by virtue of this morty~y~ and tM full amount of e+tF~ and tvery such p~yment sh~ll be immediately due and payable and thall beat interest ~
~rom the dat~ therwf until p~id fT rate of ~i~e pN csntvm per a~nwn a~d rop~the~ witl? suth inlasst thall be ~ec~red by the litn of th:~ morptye. i
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