HomeMy WebLinkAbout0695~~ 181598
THIS INDENTURE. Mode the 29th d.y of July A.D. 19 y ~ betweerr
Louis Ortman a^~ et;~p L Ortmans 3a w;fc.. _
of St • Lucie ~,,,ty fbrida. hereinafter duignatd a the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF FORT PIERCE, a corporation organised and existir-g under the laws of the United States of America and having its prindpal plan of
busin«s b tM City of Fort Pierce, St. Lucie County, florida, hereinafter designated as the "MORTGAGEE."
WHEREAS ties MORTGAGOR is juety kdebtd q the MORTGAGEE In 1M sum of = ?(] _ f)()t) .OO ,good and lawful money of tM United
States advsnad by the MORTGAGEE unto tM MORTGAGOR, as evidertud by • amain pranissery torte of even date hertwith. of which tM idlowing in
t °`~t~~ • trw Dopy, to-wit: 15, 855
Wo
Fort Piaroa, florida, July 29 •.• 1969
For valor received, 1, ors or either of us, promise to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at FDA Piero, Fbrida, the wm of i 2O' ~~ • ~ with interest from date at the rate of 7.7 5~ per annum, in monthly iratdl-
menb at followu ~ 165.00 on rtrrs~h day of ~,ntember 19~_ and a Rke sum on tM correspondup day of esch mot-th there-
after until tM whole be fully paid.
Esch installment f'ust shall be applied in payment of tM interest and then on the unpaid balsnce of the principal sum. If defauh k made k+ tM
payment of any ir-stalirnent when dw, end such defwlt continws 30 days. then at the optan of tM holder, and without any other rocks, alt the remaining
installments atoll be dw and payable at once. Privilege k given to prepay this role in whole or in paA at any time without penahy. Neither forebearana,
nor acceptarta by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment Burge of ~s~c~--. shall be
added ro each ieutallmenf remaining unpaid 7 days after its dw date, and a like wm shall be sdded ro each such irotallment remaining unpaid 7 days after
each succeeding payment date.
Each maker, orrery end endorser hereof, jointly and severally, waives Bernard, presentment protest and notice of protest for nonpayment, and further
agrees ro any extension of time of psyment, either before or after matwity, without notice to any of us; and to pay ail costs of collection, including a
reasonable attorney's fee in the went of any defwlt hereunder, and hereby severally waives all benefit of homestead and exemption under flee constitution
and laws of esch State of the United States, as sgainst this obligation w any extension a renewal hereof.
Witness the hand and seal of each party. -
fsEAU
• ~U
S (BEAU
r 30.00 ~ State Revenw
(Stamps cattoellad an original tare)
NOW, THEREFORE, the MORTGAGOR fa tM purpose of secvrirtg payment of said sum of S 20~ 000.00 ,and the perfornuna of the
covenants and agreements heninafm expressed, and for clivars good and valwble consideratiora„ by the« presents, does grant, bargain, sell, remise,
release, oortwy and confirm unro the MORTGAGEE, its suoassors and assigns, aU thst again lot, piece a parcel of land, situate. lying, and being in tM
County of St i uc ' e -, and Stab of fbrida, desar~ed « fellows:.
Part of Government Lot 2 in Section 19, Township 36 South, Range 41 East, St.
Lucie County, Florida, more particularly described as follows, to-wit:
Parcel 1.
The South 175.88 feet of said Government Lot 2 lying East of the
Florida East Coast Railway right-of-way, LESS road right-of-v:ay ~~
(South Indian River Drive) . - ~+
O r .r
o.
~
Parcel 2.
The South one-half (S ~) of that part of said Government Lot 2 -~
~zo o~
lyiny South of the South line of the Elias tdatter property as ~~~ o vi
described in Deed recorded in Deed Book "H", page 212, Brevard Za< ~
County Public Records, lying test of the Florida East Coast m~
~ o
~ S`
Railway; said South line of the Elias flatter parcel being 15 Z° ~
74 links South of the north boundary line of said
chains of z°C ~ J ~
,
Government Lot 2; all in Section 19, Township 36 South, Range ~~ ~ z ,~°
41 East, St. Lucie County, Florida. ~ ~o ~
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together wrtlt ail and sirgukr tM terterrtentts, heredibmertts and sppuAarsas tFrereuntto bekxging or in artywiw appertafnLg thateto, end all rents, issues,
proceeds and profits atcruirtg and ro accrue from said ptenrisss, all of wl3dt an included in the above and foregoing description end itebetdum.
TO ffAVE ANp~Oif~ LD tM above dasuibad and granted pramiws unto tfw said MORTGAGEE. ib wooesson and attJpnt forever. And the wid
MORTGAGOR fa t Min, executors, administrator and assigr», hereby eavenarns with the veld MORTGAGEE, hs asoassors and assiprte,
chat they are lawfully seized of the sale! premises in f« simples that tM same an fr«, clear and dkclrerged from all IMrta and antatm-
branc« in Law or in equity, and tita* they wiR and their heir shall warrant and defend tlsa title to tlta satire to the sold
MORTGAGEE, its woassars and asapro, forever against the lawful Balms and demands of all perserrs
PROVIDED, ALWAYS that ii the MORTGAGOR shall psy unto the MORTGAGEE the prorrtksory rate heninbefon dasaibed and shell truly, ptorttptly
and fully perform, dacharge, execute, oompleb, comply with end abide by each std every the stipviatiats, agreemertte, oonditiom and oovenanus of said
promissory nee and of this Mortgage, than this Mortgage and the Estate hereby vaated ~sMll ease std be twll and void
IT IS UNDERSTOOD that tM word "Mongapor"' whether in the singular « plural anywhere in this Mortgage. shall be airtgstler H one only and
shall be plural jointly and severally H men than one, and that tM word "rhea" « used anywhere ks this Morgage shell be taken to mean "Iris," "here."
err "its," wherever the context w impli« a admits. Ake, tMt wherever there k a nferenoa in the covenants and agreertteMS Mrein corNairrad to any of
the paAias hereto, the same shall bt coratnsed to mean as well as the Mire, lpal npresemativ«, wccessors and astagns (either vdutaary by act of tM
panics a kwduntary by operation of rise law) of tM same and tMt the covenants herein corNairtsd sltatl bind and tM benefits std advantages lever
ro tM napactiw Min, legal represantatiws, stroassors and asi~fpn of tM paAl« hereto.
And said Morpagors, for tharrwiws and than Mire, legal represerttatlv«, waassors and assigns, hereby jointly and severally covetreM and pr«
ro and with tM said MORTGAGEE, its ascassors and assigns:
1. To pay all and tlflgtFlif flte principal and interest and tM various and wndry stems Of money f»Ya~+ by vktua of veld promktory nob, and this
mortgage, each and every, prompty an tM days nepsctiveh tM same severally baeon» dw. -
2 To pay all and skguler tM texas, assaarrtettts, kriia, Nabilhies, dtlipatiotts and arteuntbnnas of ovary nature and kind now on said dasvibd
property, or that her«fter tray be impoead, wffered, Placed, ksvied, a sssassad thereon, err that her«fbr may ba k+vied or aes««d vpat thN Abrq.
age, err tM YdeMedness setwed hereby, each and ovary, when dw and payabM, aooordYg ro law, before they become delingwrtt, and before arty kwar«t
attacMs er any penahy k intcurradt AND INSOFAR AS ANY THfiREOf IS Of RECORD THE SAME SNAIL 6E PROMP1lY SATISf1ED AND OISCfIARGED Cif
RECORD AND THE ORIGINAL OFfIC1Al OOCUMEM (SUCH AS, fOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFfKIALLY ENDORSED
OR CERTIFIED) SHAH RAE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN GAYS NEXT AFTER PAYMENTS and in tM event that arty thereof Tt tat
paid, sat'afied and d'adterged said MORTGAGEE may at any Mime pay the lama a airy pan tMreof without waiving a affactinp any option. lion, equity a
eight under a by virlw of this mortgage and tM full amount of each and every such payment shall be immediately dw and payable and shall boar inferep
From the dab thereof unfit paid at rate of nine per cenharrt per anwwm and tpgerl»r with torch G+terat shall be secured by tM lien of th:a magtage.
eJ~f~f K 179 ~~ 694
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