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HomeMy WebLinkAbout2949 . 16533~ 4 r THIS INDENTURE. Mad~ th~ 18th ~y of March A.D. 19 6~ . b~1wNn c;~ebel H. McKinley and Mildred P. McKinley, his wiie. of Indian River Cp~~~y Flaid~, her~in~ftN d~slyn+t~d th~ "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE. • cwpor+tion orp~nizsd ~nd ~xiatinp vnd~~ ~FN I~ws of tl» Uoihd S~at„ of Am~ric~ and havirp iq p~incipai plac~ of busin~u in ~M Ctty of fat PiKU. St. luci~ Couoty, florid~~ Mf~IMNp dtt~QMl~ as dw "MORiGAGEE." MtHEREAS tM MORTGAGOR k~ntly Ind~bt~d ro th~ MORTGAGfE in tM awn of ~ 5s~~• 9ood u+d lawful mor»y of tM United Stat~~ adv~nc~d by th~ MpRTGAGEE unto tM MORTGAGOR, as wid~nce{i- by • qrtaio promiswry tat~ of wen, dat~ htr~with, of which th~ followinp in Word~ u+d ~ipw~s b a trw oopy, towi~: 14 ~ 783 = S ~ 000. 00 • • No P,~~, f~,. 1?larch 18, t¢~8 Fa v~lw r~ceived, 1, we w either of us, promiie to pay, without d~f~lution, to tM orda of FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fwt Pieru, Florid~, tM wm of = 5~~~ with int~reit from date +t the ~+t~ of 7 % per annum, ir~ monthly teatdb menn u fotlows:: 4S• ~ on tM l~h day of ~y 19 68 ~nd a lik~ sum on tM correspordin9 day of exh month tMrr after until tM whole bt fully paid. E~ch insqllment first ihall F» +pplied in payment of tM interest ~nd th~n on ths unpaid bal~nce of the p~incip~) sum. If defauh is mad~ in tM paymcnt of ~ny installment whan dve, and wch defautt tontinues 30 day~, then ~t the optio~ of ths holdar, +nd without any otM~ notice, all tla remainin~ ~nstallmMri ahall be due and p+y+bk ~t onca Privile~e is yiven to pr~pay this note in whol~ or in p~rt at any time witho~t pen~lty. •Neitha for~b~annt~, nor atc~ptu~u by th~ holder thereof afttr ~ny default in any psyments heteon, sh~ll be deemed extenseon. A late payment chary~ of i. shall b~ added ~o ~ach init~Il~nent r~maininy unpaid 7 days ahsr in dw date, and a lik~ wm sh~ll be +dded to s~ch iuch instal4nent r~maininp vnp~id 7 day~ ~h~r each suttesdinp payment dat~. . Each mak~r, surery and endassr hereof, joiMly u~d s4vc?ally, w+ivn demand. p?esenrms~.~ prote~f and notioe of protest fp nonpayrnenf~ snd fwtMr agrecs to sny e:tension of time of payment, either before w siter matvrity, without notice to sny of ~s; and to pay t~l costs ~f, collection, t.tludinp • rea~onabk attwney i fee i~ the event of ~ny default hereundtr, end hereby sevcrally waives_ ~II benefit of homestead snd exemp~tiyn w+d~1 tlw dOnftdvtion and lann of each St~te of the~ Un~ted Sutes, ss ~gainst this obli9ation w sny extauion or rsnewal he~eof. ' , - ' Witness the Fund and seal of each party. • . . s~Goebel H. I?1cKinl~v ~ ~ . (s~?U s1Mildred P. McKinlev ~w (SEnq ~ $ 7. 50 ~ srats Rev~nw (Stampa c~no~ll~d o~ alpinal oote) NOW, THEREFORE, tl+~ MORTGAGOR fw the purpose of secvriny paymeM of said w~n of i 5•~~ and tM p~rforrewnc~ of th~ coveo~nn and preement~ IIf:fNMftM txpressed, u~d fw d~vers yood u~d wlwbh caaideratio~s, by tl~se present~, do~s 9rant, brp+in, s~ll, neni~a. releas~, conwy and confirm unlo tf~ MORTGAGEE, ib successors ~nd u~i~ns, ~II thst cenain lot. pi~a or paral of land, situa», lyinp, and b~inp in tM County of - St. LL1C1Q , and Stat~ of Ploi~da, dawib~d u followu Lots 21 and 22~ Block 1, of MARAVILLA PLA7_A, a Stibdivision in Section 21~ Township 35 South, Range 40 East~ according to a plat thereof recorded in Plat Boek 5, page 44, of the public records of St. Lucie County, Florida,~ i~ r ~p pAVMENT OfP Rn RpEC oN~~,C• INtANGf7Z4: ACT OF f941~ TO CNAPTER ~CiKWt ~ ~ W 5 I A I L- t- L U f-1 ! U~ r11~5UA pr~~s~ uerk ~ E c~ ~ DOCUMENTAp~-~TANP TAX R~' R~,~* C~J..T{S M• 11~N?~s ~ J~ = nGeis~ss ~;`-r•`;~4~~ = os A9~~y jox Cdlector ~ F ~ _ i~ ° = - 7 5 0 = st. € S/) COMPTROLLER = DE UTY CL~RK ~ € pA ,~~t3a - Sy ~ [ ~ ~oyether with all u~d sinpular tlr tenemenn. her~tamer?ts and ~ppurtances tMnunfo b~lonyirg or ln anyvvise appe~taininp tlwr~to, ~~d all nnt~, it~ws, ~ proceeds and profits acuuiny and to accrue from iaid premises all of wbich are includ~d th~ abov~ and fwpoinp d~scription ~nd Mb~ndurn. ~ TO HAVE AN~ TO HOtD the abov~ describ~d and ~anted prsmis~s uMO tht said MORTGAGEE, its H+oceswrs ~nd auipns forw~r. Md th~ s~W the~r ~ MORTGAGOR for h~in, execvtors, ~dministntoa and auiyns, h~r~by oownanb with th~ s~id MORTGAGEE. Ns wocawn M+d anipn~, ~ rhat they lawfvlly seized of th~ aid pr~rniws ie fN simple: that tM s~m~ u~ frN.. cku ~nd discF~u9ed from all Il~ and ~ ` branus in law or in ~qvitp. ~nd tMt they will and their htir~ ~hall wurant and dtf~nd the titl~ w tM s+m~ 1o th~ uid MORTGAGEE, ia successors and ~ugm, forwer ~p+irut th~ lavrful claimt and d~nwnds of ~II p~rwrrt ' PROVIDED. ALWAYS th~t if the MORTGAGOR ~hall psy unto the MORTG/1GEE th~ promisswy eoa Iwr~inb~fon d~scrib~d +nd ~h+ll truly, prair~ptly ~nd fully perform, d'adMrpe, ~xecut~, compl~t~, comPh with ~nd abide by ~ach and ~very tl+~ stipubYw~s. +O~MrMnb, c«ditions ud oov~nnHS d s+id promiuary nete ~nd of this Mortqaye, then tbis Ahortpay~ +nd tM Estale ha~by a~ated ahall cess~ and b~ nuN and void. - iT IS UNDERSTOOD th~t th~ word "Mwtppor' whstMr in th~ ~Inp~lar w plw~l anywhere in thh Matyap~. ~Full b~ sinyular H on~ only and % chall be plvrd iointly u~d stverally H mon thN+ on~, and that tFw wwd "thtir' as us~d anywher~ in thb AAortyap~ sh+ll b~ taken to meaa "hia„" "Mrs,° 3 or ••its," whsrwa tFw cont~xt w implie~ w admin. Alw, that wF~erever there is a referenu in th~ cov~n+nts snd aynernents M?~in oont~iewd to ~ny of ar the pwties hr~to, th~ s+me shall be construed to mean ~s wetl as tik hein, byat nprewnatiws, wa~sson and assipro (~itha vdont~ry by ~ct of th~ ~ ~ partia or Invol~rntHy by op~ration of the law) of tFw sarne and tlut fhe cownants hersin containsd shall bind and tM b~n~fin a~d ~dvanapa kwn ~ ro tM r~iw t+sin, b9+1 repraent~tivu, wccawn and aaF~ns of th~ puti~s hu~ta Md ~aid Mwfp~pors, for themseMes u~d their Min. Ipal repres~ntatir~s, suoc~saors and aasipm. I1lffby jO111tIy i11d MWf~IIy CO~ItMM 81d ~fN ; ~ to and with th~ s~id MORTGAGEE, its wcctswn ~nd ~ssiyns: ~ ~ 1. To p~y ~II ~nd sinpvlar th~ pri~cipal and intaest and thi vuious ~nd wndry sunu of money paY~ by virtw of said promiuay not~, w+d this ~ ~p+~. ~+d~ ~~Y. P~~^Ptly on tM days rsip~ctiv~ly tM sanw sewrally becan~ dw. 2. To pay +II and siigular th~ taxes, aswswr?enb. Iwies. I~abiliti~s, obligations and ~venb?anua of ~very n~tw~ ~nd kbd now on wid d~scrq~d : propaty, a that hsreaN~r m~y b~ impw~d, wffu~d, p~aced. Iwwd, a a~ssad theno~, a that here~ftK may b~ levi~d a a~sawd upon tl~k Mor1~ +9•, w th~ G~d~bt~dness s~cur~d Mr~by. ~ach and wKy, whee dw a~d p~y~blt, accordinp to law, b~fot~ thty btcan~ ddirpwnt, aed b~fon arry hn~~at ettathes w ury penalty is incurred; AND INSOfAR AS A~ THEREpf IS OF RKOR~ THE SAME SHAII 6E PROMPTLY SATISflED AND GISCHARGEO OF RKORD AND THE ORIGINAI OfFIC1AL DOCUMENT (SUC A5, FOR INSTANCE, THE TAX RKEIPT OR THE SA715FACTION PAPER -0FfICIAUY ENDORSEC OR CERTIfIED) SHAIL 6E PUCED IN 1HE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; u~d in tAe event that any thenof is nw ~ pa~d, saCsfi~d ~nd dischar9ed said MORTGAGEE nuy at any tim~ pay tFK sams w~ny part therwf witf+ovt w~ivirg or aff~ctieg any option• lien, pvity a •~qht u~d~r or by virtue of this mortys~e ~nd tM full smo~rnt of e+d+ and wery such payment ~hall b~ immedi~t~ly dw and p~y~bl~ ~nd shall bex intN~st ~.om tFK dat~ th~rwf until p~id it r~te of nin~ per cenwm per arnwm ~nd wpetF~ w~tl~ ~ud+ imere~t sMll b~ s~cvred by tF~e 1'~n of th:s ma~ptap~- ~ eoux ~ 70 P~~ z~3~ }r - ~ _ _ 4 ~ _ ~-:a h~ ~