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HomeMy WebLinkAbout2837'. , . ~ 1831`76 THIS INDENTURE, Math the 16th ~ d i ~ 7rB~telRb~»ti' '~ AA. 19_69. btween Claudtt H. Combs and Louise L. Combs. his M of St Ltlci@ ~ Gtunb Fktrida, hereirwfter designated a the "MORTGAGOR." and FIRST FEDERAL 51lVINCti, ANQ LQAN ASSOCIATION Of FORT PIERCE. • txtrporation organi>oed and exiginp w+dar 1M levee of tM W+irad States d Mwriu and hrrvL+p iM pth-dMl P~ d busirtea M tl+e City d foA Pierce. St. lode County. florid. herein. desipnand a< tM5~500 00 Vyl1EREAS tlta MORTGAGOR b justly Mdebted a the MORTGAGEE M tits sum d >)~ .good and lawful money d tM United States advant»d by tM MORTGAGEE unto the MORTGAGOR. as widened by a certain promissory rwte of awn dare herwvith, d whkh the folkte-inp in wgd~'ar~ f~pur~b a trw aoPy, towih F,M15 a 948 S 15 50~"a wrt Pi.roa i~orlda. ~PtQabQZ 16 19 69 Fa vahie tt+caiwd, I, wre a either d us. pre 5 to p!Y. ~ dafalation, to the orda• d FIRST FEDERAL SAVINGS ANO LOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Fktrida, tM sum d i- ' ' -with interest from dare at tM rand 8.0 % par annwm, k+ monthly intaiM mer-ts as followu E 120• ~ on tlta 5th ~ d January 19 70 and a like sum on tM oorrapondinp day of each month there- after until the whole b. fuly Wid. Each intalimat-t first shall be applied in payment of the Interest and than an tM unpaid balance of tM principal sru+t. If dafwh b made M tM payment d arty intalkrrerN when due. and such dafwh contrrwas 30 days. then at the aptbn d tM holder, and without any other no1~ithsr tMforebeeriana, instalktrants shall M due and payable at ontx. Privilege b giverr to prepay thb note k+ whole a M part at arty time without pttnahy. the holder thereof after any defauh in any payments hereon, shall be dawned extension. A late payment dr+rge d S b • ~ ,shall be nor accepnnt» by id 7 days after added to each intalktrant rernshing unpaid 7 days after hs dw date, and a like sum sMll be added to ead+ such installment remaining uses each waeadinp payment date. , Each maker, surety and endorser hereof. jointy and severally, waives demand, presentment protest and notice of protest for nonpayment, end further agrees to any extemion d time d payment. either before a after maturity, without notice to any d us; and to pay all tests of collection, including a reasonable attorney i fee in the_ went of any defwh hereunder,' and hereby severally waives all benefit of homestead and exemption under tM constitution and laws d each State d tM United States. ss against this obligatbn err any extension err renewal hereof. . Witness the hand and seal d each party. /s/ Claude H Combs (sEAt) (BEAU •/s/ Louists L Combs tsEAU tSEAU NOW, THEREFORE, the MORTGAGOR for the purpose d oecurirrg payment d std sum d E 15 500.00 ,and the performerttx d tM covenants and apraerneats hereinafter expressed, and for divers good and vakrabM coruideration, by those presents, does grant, bargain, selb remise. release, txxrvey and confirm unto the MORTGAGEE, i!s stsooessors and assigns„ all that certain lot, Piece err parcel d land, situate. lyirg. and beYg in tl+e County d St Lucie -and slat. d Fkxida, deaaibed as fdktwa: Lots y and 8, Block 7a MARAVILLA PLAZA, according to the, plat thereof recorded in Plat Book 5, page 44, of the Public Records of St. Lucie County, Florida,/ 1N p1`Y1I-O~W~ERt~ '7'U ' ~G18~ P~ ~ 1ti-1• W ~~~ ~ amid ~ It pi,RS- pp~t',AS, de ON~~ 1R ~~ ~~ p~1i1EL Ts~ SL 1~ ~~~~~ DAY CL~ '~ together with aN and singular the tenements, haraditamerds and appurtances tlwrwnto belonging or in anywia appertaining tlrerNo, and ail rants, bsues. proceeds and profits stxnrinp and to .caw from said prembee, all d whkh an included in the above and foregoing dasaiptitxr and habendum. TO HAVE AND T~ ~ tM .bow described and granted Premises unto the said MORTGAGEE. its wooassors and assign forever. And tl+a said MORTGAGOR for t"e-_ heirs, exaMon, adminbtrarors and assign, hereby covenants with the saW MORTGAGff, ib wooessors and assiprM. than they are Molly aeiad d the aid premises in fee simple, that ~ aa17fe an free, deer and discharged from ail Ilan and errsrrn• bramoa b law or kt equity, and tita* they will and their heirs shall warrant and defend tM title to the same to the said MORTGAGEE. its successors and assign. ftuaver against the lawful dairnrs and demands d all persons PROVIDED. ALWAYS that ff the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereirrbefon dewibed and shall truly, promptly and fogy Perform, d'gcharge, execute, complete. nxnnrply with and abide by each and every the stipulation, agreements, condition and tx-venants d veld promissory rwn and d thb Mortgage, then this Mortgage and the Estate hereby aerated shall cease and be null and void. R IS UNDERST000 tbet tM word "Mortgagor' vvltather h the singular err phual anywhere k- this Mortgage, shall be singular ff one only and shall be plural jointly and severally ff mom than otK, and that tM word °their' as used artywMn k+ this Mortgage shall be taken to mean "iJs," "hers„" a '7ta,° wherever the txxrtaxt so implies err adrnib. Abo, that wherever there b a refe-enoe k+ the covenants and apreerrrents herein contained to any d the parties hereto, the same shall be contrwd to moan a well a tM heirs, ktgal nprpantathra, seoassors and assigns (either vohmtary by ad d the parties or imokrrpary by operatkxt d the level d the same and that the covertsnts herein contained shall bird and the benefits and advantages kwn ro the rapectiw heirs, ktgal nprpantathra arooessas end asdgna d the Parties hereto. And said AAortgagors, far tlransalves and their heirs. ktgel repruentativM, stroassors and assipnr, hereby jokrtly and severally covenarM and agree ro end whh the aid MORTGAGEE. its wot»ssors antl assign: i. To pay sN and sirgula- the Principal and irNerest and tM various and sundry srrerrs d mercy Payable by virtw d aid promissory non, and this morgage, each and every, promptly an the days raspectiwly the sannte aaveraily become due. 2 To pay all and eirtptrlar the nxa, assesanerMS. ktvia. liabilities, obligation and anusrnbrances d awry natwe and kind now on said daalbed property, or that hereafter may be imposed. suffered. Placed, levied, or aaaaaed thereon, tx that hersafnr may 1» {evied or assessed upon thb Maq' age, or tM krdsbndrtess severed hereby, cads and every, when dw and payable, aooordMg b law, before they beconne delkgwnt, and before any krterest sttad+es a any penahy b insureds AND INSOFAR AS ANY THEREOF LL OF RECORD THE SAME SHAH 6E PROMPTLY SATISFIED ANO DISCHARGED OF RECORD ANO THE ORIGINAL OFfK1At DOCUMENT lsliCH AS, fOR INSTANCE. THE tAX RECEIPT OR THE SATISFACTION PAPER OFfK1ALLY ENDORSED OR CERTINED) SHALL bE PtACEO IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the went that any therad b not paid, at:sfied and dbd+arged aid MORTGAGEE may at any tine pay the same or any parr thered without waiving a affecting arty option. lien. equity err .tent under tx by vkiue d this mortgage and lire full amownt d each and every such payment shall be irnrnediatsiy dw and payabkt and shall beer interest srtun tl+e den thered until paid at ran d nine per antum per.eeNrm~gd•~~ w~835 erect shall be setarred by the lien d this mergtape. BUO1OcK 11 ~~ PACE(((2~~),,, 5 -- - ~F