HomeMy WebLinkAbout0164 , ~ ~ t ; a~ 3 1'7i45~3
THIS INDENTURE. AA~d~ *h~ 1Sth d+y i. 'tob~r n.c. i9~Hy b.n~.«+
John N. Ruo~~ll and Mas 9 R~o~as~l
of ID~~1 R~Vrl' ~ Cpmfy Fbrid~, h~ninift~t d~sipn~f~d a tM °MORTC~AGOR." and yFIRST~ F~ERAL jSAVINGS AND IOAN
ASSOCIATION OF fORT PIERGE, ~ ao~por~tion orpani~d a?d txistinp undK th~ lawi oF tM Unlted St~tN of Arti~rip andi h~~?in0 iU prindMl plao~ of
buuna~ in tIM CMy of Fwt PiKa. St. luci~ Cow?ty. Elorid+. Mnin+hK daipn~hd a tM "MORiGJ1CEE."
WHEREAS tM MORTCsAGOR is juatly indtbt~d to Ih~ MORTWIGEE in thi sum of 4~.~QQ.O~ ~~ood and I~wful mw»y of ths United
St~tq ~dv~nnd by tM MORTGAGEE w~to th~ MORTGAGOR. ~s ~vld~nca~.M? P~~^~~Y ~q of ewn da» Fwwvith, of which th~ followinp in
words u~d fipura b a tn?~ copY, towit: ~~Z31
~ 4~ s I~~o -
= Fort Pi~tc~. Fbrid+. ~Ct•0~! Is~ 19 ~
for v~iw n~iwd, 1, vw or either of us, promis~ ro y, withoul d~f~kaiioo, w tM ord~r of FIRST FEDERAI SAVINGS AND LOf.N ASSOCIATION Of
FORT PIERCE at Fort Pi~?os. Fbrid~, tM wm of with inter~st from dat~ at tM ~at~ of 7% pK a+nwn. in mo^thly InstalE
mena as follows: ~~11~~ on tM s~ d+y of ~C~r iq 68 and a lilu sum a+ the oorrespadinp dsy of each month tMrr
after until the wF~ol~ bt fvlly paid.
Each iratallma?t fint shall b~ applied in p~yme~t of tM intaest and then on tM w?paid b+~+nce of the principal sum. If datauh is mad~ io tht
payment of sey installment when dw, and wd+ dsfauh continues 30 d~ys, th~n N tM optio~ of tlk hoWs~ and without sny other notice, all ths rem~ie?irg
~nstallmenb shall be due and psyabk st once. Privibp~ is yna~ ro pr~pay thh not~ in whoM c? in Pait at ~ny time wi~hout pe~++lry. Neither foreb~arana.
nor acc~pt~ncs by the holder thereof afta any default in anY paymenb herea+, sh+ll b~ deemed entemion. A late p~yment char9~ of i 15~~. sh+ll b~
added ro euh installmeM remainirg vopaid 7 days afhr its du~ d~te. in~ ~ lib:sum sh+ll be added to each sucA installme~t remaining unpaid 7 daya ak~r
each wcteedi~g WYmeot date. . . . • . . . - ~ .
Each maker, sur~ty and endo~aer Mr~of, jdntly u~d ssver+liy, wa'~ves dem~nd, prese~tmeM protest and notice of protest fw nonpaymer?t, and furtl+er
agrees ro any ~xtension of tims of payment, eitAer befo~s o! ah~r mr+urity, without notice to ~ny of us; and to pay all cosn of collection, includinp a
reasonabk anon+ey's fee in ths event of anrrdefsi~k harwnd~r;~~nd Iw~y seve+ally w~ives all bcnefit of homestead ux! exemption under the consNtution
and lews of each State of the United Ststes, as against this obliy~tio~ p an~ exlK~sipn. w~enew+l hereof•
Witnas the hsnd ard a~al of ~acl+ party
~ - • S/ Johtt M. Russ~ll ~?U
c~U
Ma~iane~a S. iMss~li ~
. (5~I?U
r, ) StsM Revs~+ve
(St~nps canoelbd on o~iqinal note)
NOW. THEREFORE. t!?~ MORiGAGOR fa tM pwpos~ of s~curinp WYment of said sum of i 40~~~~OQ and the paform+r?c~ of th~
coveewnb and apreemenb her~in~he? ~xpressed. ~nd for diw~s ~ood ~nd wlwbl~ cauedx~tio~s, by the~e preslnts, does gr~nt, bar~ain, sell, remise,
releas~, oonvty and ca+f'vm unto the NIORTGAGEE, its waywa and sssiynt, ~11 th~t csrtain lot, piea~ or paral of I~nd, situate, lyinp. and beiny In the
Covnry o# St ~ Lucie s.~d Stat~ of Flaid~, d~wib~d as fdlows:
All o! Lot 19 and that past o~ Lot 18 lqin~ southw~st~rly o! th~ lin~ (as ~ct~ud~d)
conn~cting !bt ~idpoints o~ the lsont and r~at lin~s a~ ~aid I.+~t 18, ia Blodc 1~ ot
THUMB POINT, as p~Y plat thtr~ oa file in Plat Book 10~ wt pag~ ~9, a~ tb~ Pnblic
Records ot'St. Luci~ Coonty~ Rlor3ds, ~
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to9~tMr wiTh all and sirgular the ternrmMS haedHsrnenls u~d ~ppurtanoes thawnto b~lo~pin0 or 1^ +nywis~ appart~inlnp ihaNO, u~d all r~nri, fssw~.
proca~ds ~nd profits ac«uirg aBd to acuw fran ssid pranises. ~II of whkfi an includ~d h th~ ~bow ~nd for~yoinp dacription and h+ba+dum.
TO HAVE AND TO HQID the abov~ destrib~d and yranted premises vMO th~ wM MORTGAGEE, its wotasoa and assipm fonwt. Mdjth~ wid
MORTGAGOR fa ~Q~! h~in. ~xecutas. adminisnatas and assipes. Mreby oovensnb with th~ said MORTGAGEE, its s~rcusw~s and asiprn.
fFut t~1~Y iZ• lawfully wiz~d of tht said pnmis~s in fN simpb: th~t th~ sa~M an fre~, dsu and dbcha~yed from ~II lians and ~ncum~
brano~a in law w in s9ukY, and tM~ t~IA~I will ~nd 't~L~~t he(n shall wsrruN and def~nd th~ titlt to th~ s~rn~ to th~ wid
MORTGAGEE. its suaessora +nd ~ssipns, fc?ws* +p+ir~st t!w lawful daims and d~mand~ of all pKaorot
PROVIDED. ALWAYS thst ff th~ MORTGAGOR aMll p~y vMO th~ MORTGAGEE the promipory not~ Iwr~inb~fa~ d~wib~d and ~11 tnrly, promptly
•nd fully p~rform„ discMr~e. ~x~cvte, compbt~, c~p1Y vrhb and ~bide by ~ad~ and way tl+e stipulatioos. +9?s~ms^n. conditbro and covena+~ri of said
promissay noa and of this Matpape, then this Mortpap~ +nd tF» Estat~ Mreby crNted sMll os~s~ ~nd M null and void.
IT IS UNOERSTOOD th~t th~ word "Mortp+~ot" wiwther in the iu~pular or plwa) anywher~ in this Mortyaye, sh~ll b~ sinpular ff on~ aolp and
•hall b~ plwal jointly and swe~ally ff more tMn one, and th+t tM word "tMir" a uwd anywl~en tn tha NAo~tp+p~ sh+ll b~ takan to m~an "hi~
~°h~rs.°
w"in." whawer th~ conte~ct so impli~s or admin. /Uso, th~t whuwa th~n k a nfa~no~ in tF~e aov~rwms and pr~aments Iwein ooM~in~d to arty d
tFw partia her~to, th~ wn~ shall be oomtrved to rn~w~ ~s vwll as tlw h~irs, fe~s~ npnHntatiws, suca~sson u~d asigns (either volunt~ry by ac1 of tlw
puti~s w invol~rmM? bY oper+tion of tM law) of the s«n~ ~rd that tM coven~nta M?~in cont~in~d ~II bind ~nd tM ba~fits and adv~ntap~s M~w~
to tM rap~etiw Mks, b9d repr~sentativa, woceswn wd a~s~yns of th~ putia h~nta
Md s+W Mortyagors, for themt~fws a~d tMi? h~in„ I~WI tpraentativa, wac~sson and auipm, haeb'Y ~oindY and stverdly oovanant Md pr~
to and with th~ said MORTGAGEE, in woassors and aaip~
1. To p~y all and airgular tM princip~l u~d in»reat w?d th~ vuian and sund~ry swrw of ma~ey p+yabM by vktu~ of wid promissory nore, snd thi~
mort~ap~, weh and wKy. PranPtly on th~ days rap~etiwly the wrm ~wrally Meoem dw.
4. To pay sll a~d rirgvla~ th~ ta~us, a~wMnts. IwiN. ~1+b~~itia, obliD+tiaa and ~ncumbrana~ d ~wry n~tun u~d kiod now on wid d~wib~d
prop~rty, a that haeaftK m~y be impw~d, wffa~d. P~+ad. Irviad. a w~wd tlw~eon. or tlwt heraft~ may be Iwi~d or ~suss~d upon thfs Morq~
a~, a th~ tnd~M~dnea wcur~d haeby, ach and ~vMr, wh~n dw ~nd pqnble. +ooordinp to law, bfon Nny b~corn~ delinqwM, and Mfon ~ny har~a
~nadws p~~y p~nalty is incwred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII bE PROMPTIY SATISfIED AND DISCFIARGEO OF
RKORD ANO TFIE ORIGINAL OfFICIAI DOCUMENT (SIJCH AS, FOR INSTANCE, THE TAX RKEIPT OR tHE SATISFACTION PAPER OFFIGIALLY ENOORSED
OR CERTIFIED) SFIAIL bE PLACED IN THE HAN06 OF SAID MORTGAGEE VYITHIN TEN OAYS NEXT AFTER PAYAAENT; ae~d in ths ~veM th~t any tl~u~oF ts not
paid, s~f:sfi~d M+d disd+ar~d s+id MORTGAGEE n+ay ~t ~ny tirrN pay tM sam~ or any p+A tharsof without watvinp or affectirg ar?y optio~, lien, puity or
•ipM w~d~r w by virtw of this mort~ays and tM iull ~+o~t of each and rwry wch p+ym~nt shall b~ imm~diat~ly due and payable ~nd shall Mar iM~rat
hom th~ da» tMr~of w+til p~id at r~te of n'r+~ per untum pe? annum ~nd rop~t with wd~ int~rest slwll b~ secwed by tM lien of tb:s mo~ytap~.
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