HomeMy WebLinkAbout2174 . i~s~so
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?HIS INDENTUR Abd~ t 3rd ~ of .~Ltly A.D. 19
68 . M1w~
~ D.A.D., ~nc., a F ori a corporation
Y
~ of S t. L UC 1@ CpMty F~o~ida, h~~iMfht dMipi~aMd a~ tM "MORTGAGOR; ' ~nd FIRST FEOERAL SAV INGS ANO IOAN
_ ASSOCIA?!ON OF fORT PIERCE, ~ corpor+tion apanized ~nd ~xistinp undM tM law~ of tM Uoit~d StatN of Arrw~iu aid Mvlnp iM princlpat pbo~ d
busie~s in fh~ City of Fat PiKa. St. L~ci~ Cow?ty. florida. Mr~i~aha daipnat~d ~s th~ "MORTGAGEE.••
~ V1lHEREAS tM MORT('sNGOR i~ justly ind~bt~d to tl» MORTGAGEE in t!» sum of ~ g~~~' ~ yood u+d ~+wful mon~y of tM Unihd
: Stat~s +dvu~ad by tM MORTGAGEE ~nto th~ MORTGAGOR, as ~vidsnc~d by a cMtain promi++aY not~ of ~we dat~ hu~with, of which tM fdtowir,p tn
~ ds aod fwvu~, i~ ~ trw topY. to-wit:
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~ P~ F~~ July 3, 19 68
For valw r~ceiv~d, 1, we w either of us, i y,~~r ithout d~f~lca~ion, to tM order of FIRST FE~ERAI SAVING5S AND LOAN ASSOCIA?ION OF
FORT PIERCE at 6P~iet~Florida, the sum of W with inter~it from date st the rat~ of 7' 276 ps~ a~nwn. in monthly irutall~
memi a follows. i ' ~ tM St ~y of Oc tober 1968 and ~ lik~ ~um on tM cwrt~pondinp day of ~ach mooth tMrr
aft~r until tM who1~ b~ fully p~id.
Each irotal4nent iint shall b~ applied in p~yment of tM inte?est u~d then on tM uepaid bal~nce of tM princip~l sum. If d~fauh is m~ in th~
payment of ~ny installmsnt when due, u~d such Jefault continues 30 days, then ~t the opYa~ of the holder. and wiinout any other no~ic~._all tM nmaininp
~r+sral~m~nb sMll be dw and payabl~ a1 a~a. P~ivikye fs givan to pnpaY this ral~ in whob or in part ~t +~y tim~ without p~n~Ny. •Neitha for~b~+rancs,
nor ~oc~pt~nn by th~ hofdK thKeof aher ~ny default in ~nY p~ymants i»reon, ah~ll b~ de~med ~x~ension. A late paymer?t tha~ of ~ 3•~ shall b~
added to ~+ch i~stall~t r~mainirg vnp+id 7 days aha i1s du~ dat~, and • lilu wm sh+ll b~ added to e+ch wch i+utal4n~nt r~maininp unpaid 7 days aftK
each succ~edinp payment d~te.
Each n+~ka. ~urety and endwsa hereof, jointly and sever~lly, waives demand. presentment protest a+d ewtioe of profest fw na+paymant, ~nd fwthe?
ageees ro srry ~xteniwn of t~m~ of payment, e~the? before o? ~fter maturity, without notke to ~ny of us; and to pay all eosts of mllection, includ7np ~
reasonsbb attwaey i fee in the event of any defauh Ferwnder, ~nd htreby ieverally waiv~s all b~nefit of homestead ud exempYan unda flM oorutitution
end laws of each Sute of the United Sta?es, u+ysinst this oblipation or ~ny ex+ension o< <~:A D~.f~ I ne .
~tneu th~ Mnd u~d stsl ot e~, ~.rr. gy; /s/Fred F. Adams, Presiden~
. (s~?U
(Sealed with the Corporate Seal) Attes : s.W. Dlc son, Secretary~
T reasure~W
~ $12 .00 ~ snt~ RwN~w ~ i
(St~rrps canall~d on orlpinal rahl ~ ;
NOW, THEREFQRE, tM MORTGAGOR fot the pwpos~ of securirg pay~nent of t~id swn of ~ 8~~'_~ .+~d ~ P~~^a
i
cov~n~nb and apreem~n» Mreinaft~r expreued. and fw divers pood N+d v~lwbl~ coroid~ntiaw bY t~ P~s~?1s. do~s ~r~nt, bupaie~. NII. nmis~,
reieaH, convey and confum unto tl» MORTGAGEE, its suusssors and ~uipns, dl tMt oertsin b1, pi~o~ a pual of land, situ+». lyinp, and b~inp in th~
CouMy of S t. 1. LtC2@ ad Stat~ of Florid~, d~wib~d as follows:
The East 15 ft. of the North 86 feet of Lot & Lot 8 less the West 15 ft. of the South
~3b ft.~in Block 7, of Dixieland Subdivision, an unrecorded subdivision, a plat of which
i s recorded among the public records of St. Lucie County, Florida, in Deed Book 152, page
-~03; said property beinq more particularly described as follows:
From the Southwest corner of the SE 1/4 of Section 27, Township 35 South, Range 40 East,
run East along the section line 125.12 feet; thence run North 2° 08' 30" West parallel
,~~ith State Road 5 right-of-way a distance of 1368.87 feet; thence run North 89b 28' East
a distance of 985.12 ft. to the point af beginning; thence continue~N 89° 28' East a '
distance of 75 feet; thence run S 2° O1' 20" West a distance of 172 feet; thence run
~ 89° 28' West a distance of 45 feet; thence run N 2° O1' 20'f East a distance of 86 ft. ;
tnence run S 89° 28'West a distance of 30 feet, thence run N 2° Ol' 20" East a di~tance
o? 86 gt~ to the~ point of bec~in~a~ng, ? p ~~Y~s
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~c•~aTROLLER~~`~~ - _
PR.' - ~
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top~tMr with aN and unpulu th~ qewmaMS. henditamer?ts and app~rrta~ces tMrwMO bsla~pinp or b~nyvrat app~rtainM~p tM~NO, and ~11 r~nb. ia~.
prop~da w~d prof~n aovuiep and ro ~cuw from uid pr~mises all of whid+ are Nrclud~d in tlr abow ~nd forpoMp duulption and h~bendwn."'
TO HAVE ANO TO NOI~ tM abow de+c~~bed and ~~nt~d peeni~es unto th~ said MORTGAGEE, ib wa~s~ors +nd
~ MORTG!?G(1R fc~ 1 t S htin. ~z~cuton, sdrninf~n~ton and ~uipro, hK~by wv~nann with tir wid MORTGAGEE. Hs wec~won aed +MiPm,
rha? - i~ y_ - bwfully ~ud of tir uid prNniws in fN simpl~: tMt t!r same an h~e.. cbar ~nd diul+wprd fran all IMn~ ~rd ~ncwn~
Mances in taw w in pvif~/. ~nd th~t 1 t_- will and . 1 t S ~ti ~11 warraM and ~fMd tM tAb w tM ~an» b tM ssld
MORTGAGEE, in seaesson ~nd ~ssipns, fww~r p+im~ tM ~+wfu1 el•inK s~d d~n~aed~ d•11 p~rsonat
PROVIDED. AIWAlfS th+t if tlM MORTGAGOR shall pay unto tFw MORT6AGEE tl» paniNa~ry na~ I+K~ir~beio~~ d~rib~d +^d ah+11 tw1Y. P'O^'MM
s~+d fuily P~rfwm. ~is~a~. ~x~tv~~, eomPlN~, complY with ~nd' ~bid~ br ~ath u~d ~wrr the ~tip~l~Yaro, pr~• oo~ditipu ~nd oov«»nb o( wid
promiawy rwt~ and of thia Mortya~, tMn tha Morpap~ and tM E~t~q henb~r wa»d ~lull a~e ~nd be null ~nd void.
~ It IS UNDERSTO00 tfwt rl+~ word "Matpapw" whNhM in the slrgul~r a pk~r~l anywMn in this Map+p~, sl+all b~ sinpula if on~ only and
~ .hsll b~ pk?rd 'pintly s~+d swNdly N mon M~+ on~, and that tM word "th~ir" p wd anywhen in Mi~ Morfs+Qt ahatl b~ tak~n fo nwan ••hi~,•• ••hen,••
~ w°in.° wlw~ewr N» co~t~xt w implie~ a ad~nin. Alw, tMt wM~~w? Mer~ ia ~ nfK~na b th~ oov~nant~ ~nd apr«emn~s l~ein com~irnd w~r d
rM pntlN hKM0. tM wnt ~hall b~ oonsNwd b mean ~s vwfl a th~ h~in. Mpal nPnN^tatiw~. woassas ~nd ~ip~ (~itl~u volunsry bq ~ct of IM
~ p~rtia w inwiw+arY bY oprr~t7on of tM law) of tM saene ~nd that tM eov~n~nts Mni~ oom~irwd ah~ll bind and tht b~mfits ~d ad~raaap~s kw~~
ro tM n~p~cyiw h~in, t~p~l np~senutiwa. wa~awn and as~pns oi th~ p~rti~a haNa
Md said Mo~fpapas. for tl~nwlv~a and their Min, bW~ nPnwntati~r~s. wccNSOn ~nd ~~sipm, he~~b1? iointly and NvK~lly aov~nMn ~nd aprN
q~ed witA tM wYd MORTGAGEE, its aru,~ssws ~nd ~ssqna.
1. To pay dl and sirqvlar tM pinc~pd and ien~en and thi •~rian ~nd wndry wm~ of ~Y WY~ ~ virtw of s+d pra~siwwr nwe. ~nd M~
mohpsp~. Mth and wMr. Dro^+P~~Y ~~~Ys ?~pwiwlr IM s~ Nwr~Ny b~oonN du~.
~ Z To p„r ~N ~nd wqvb? 1M t~:~s. ~wwnaMS. Iwis~. li~bilitia„ oblipatiar and Mrcweb«+tM d tv~ry n~fw~ tnd kkid now on s~id duvlb~d
p.op«ty, a tha h«eahp ma~r b~ +n~pw~eC wff~r~. d+e~d, 1~»d. a aMSS~d tMnon„ or N»~ Mn.hp n~w b~ Nvi~d a~ws~d rpen thi~ Ma+~
ape. ar tlw M~d~M~eN Nan~d I~~b1a ~+d~ M+d ewry. wMn dw and pt7~bN. aooordieq ~o law. b~fon N+hr Mcan~ dttinqwet, ind b~(on +~Y MMnst
•tt~ch~s a an?r p~naltp is incwrd: ANO INSOFAR AS TMEREOf IS OF RECOR~ TNE SI?ME 3MAll dE IROMIILY SA115FlEO ANO ~ISC?IARGfO Of
RECORO ANO TMf ORIGINAI OFiK1Al pOCWNENi ~llC~ AS, fOR INSIANCE. TME T/?X RECf1IT OR T!~ SATISFACTION PA?ER ~Ofi1ClAllY Etd00RSEC
O~ CERiIf1f0) SMAII ~E /IACE~ IN TME MAN06 OF SAIO MORi(~?GEE WITMIN TEN OA1~S NfXt AfTEt ?A1/MENT; ~nd in tM ~wM N+N r?p Mw~of i~ ne~
w~d, s~r~fyd ~+d ~~d w:d MORTGAGEE n~r ~ny ~in» p~y th~ s~nr a arw Wn tl~~el wi+l+ovr w~ivino o~ ~tf~nirq ~nY opkon. w~itV o?
~+pAt undN w bY vKtve o~ this nart9p~ ~nd tM fvll n~o~nt o1 ~ath ~nd 1vNY wd~ P+1~tN t~+~l b~ irnn~aqlY dw ~nd payaW~ ~nd thdl Mar inNrN~
~.on~ eAe d~N ~M?~of until p~d ~t .ah of n+~r pN c~mwn p~? avw~w and ~op~Nr? wnh we~ inN?Mt ~MII b~ wcu~~6 br fM li~w d N+~s nwrpq~-
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