HomeMy WebLinkAbout0722 186i20
TNIS IN~ENTURE, M~d~ tl~~ 2~ Sti d,jy pf Novetnber , 19 69 between ~
P'hilip Pearl and B~ anche V Pear1 ~i s vi fP
of St. Lucie Cp~~ty Florid~, MninafiM dtsiyn+ted ~i ths "MORTGAGOR;' and FIRST FEDERAI SAVINGS ANp LOAN
ASSOCIATION OF FORT PIERCE, a oorporat'an o~a~iud and ~zistirg und~+ 1M laws of tM Unit~d Statp of America ~nd Mvinp in principal pl+cs of
busin~u in th~ City of fort Pi~~a, St. luct~ Cwnty. fbrida, i+K~inaftK d~iipnat~d as tFw (R~TGAGEE."
WHEREAS tM J1~10RTGAGOR is jwtly indtbt~d to tF» MORT('sAGEE In th~ sum of = 8~ good +nd lawfvl money of the Un:ted
Srates advanced by 1Fw MORTGAGEE unto tM MORTGAGOR, as ~videnced by ~ artai~ promissory note of eve~ date Ae~ewith, of which the followinp in !
~ 8~ r~~ a, t.~. ~a,Y. ,~W~~: 16.059
' • Fo?t Pie?c~, Florlda, November _21 , ~ 19~~
Fp vstue received, 1, vw or ~ither of us, promis~ to y, without d~falcaran, to the orde~ of FIRST fE~ERAI SAVINGS AND IOAN ASSOCIATlON OF
FORT PIERCE at Forf Pieru, Florida, the ium of ~ 8~~•~ with interesf from date at the rate of 8% per annum, in monthly instatl-
menn u follows: 6i? on the ~ t'h day of ~~h 19~- and a like sum o~ the cwrespondin~ day of each month therr
afrer ~ntil the whole be fully paid
Each installmeM fint shall be applied in p~yment of the interest and then on the unpatd balance of the principal wm. If default is msde in the
payrr~nt of any i~stallment when dve, and suth default continues 30 days, then at the option of the holder, snd witiwut any other reotice, all the remsining
~ns~allments shall be due and p~yabte at once. P~ivilepe is piven fo pr~pay this note in wfwle w in psn ~t any time without penalty. Nelther forebearance,
nor acceptance by the holder thKeof aftcr any default in any payments hereon, shall be deemed extension. A late payment charga of S 3• 3 ihall be
added to each installment remaining unp~id 7 days ~ftet i» dw d+t~, u+t! • like tum shall be edded to each such installment remaining unpaid 7 days after
each succe~ding p~YmeM date. ,
Each maker, wrery aad endoner hereof, jointly and severally, waivet demand, presentment protest and notice of protest for rwnpaymem, and further
agrees to ~ny extension of time of payment, either before w after maturity, without notice to any of us; and to pay all costa of collection, includiny a
reasonabk attorney's fee in ths event of u?y defsult hereunda, ar+d Mreby severally waives all benefit of homestead and exemption under tlx conatitution
a~d laws of each State of the United States, ss sgainit this obligatan or any extensio~ or renewal hereof.
Witness the hand and seal of each party.
/s/ Philip Pearl ~y
cs~?U
s Blanche V. Pearl ~
tsEwu
, 2 • ~ 1 St~M Revenw
(Sromps tancelled o0 o?ipinal note)
NOW, THFREFORE, the MORTGAGOR fw the purpos~ of tecurir+g p~yment of ssid sum of t 8~~~ and ths perfo?mance of the
coven~nts ~nd spreeme~ts htrsinafter expresxd, ~nd fw divers Qood u~d valwbte coruider+Yans, by these presenn, does graM, bargain, sell, rcmix,
release, convey and conf'um ~nto the MORTGAGEE, iri successors and +uiyns, all th~t tertain lot, pFeq or psrul of land, situate, lying, and beirg in the
Counq of S~ . 7a~C i e ~od Sta» of Fbrida, d~suib~d u follows:
1
Lot 2l~, Block 24, River Park, ik~it no. 3 as per plat thereof on file in '
Plat Book 10, page 80, Public Records of St. Lucie County, Florida
f
OL
RECErvEp j . ~
C~ ~E ON ClJIS$ 'r,' ItiTA':.^..'[n ~N ~PA`fHElV~ OF TIU(
.E~
~ -AN7 TO CFIpp~ : ~1L PttpPER1Y~
! ~ R POITRAS. C: ~ o. 1941.
i as A er, '~t - •
, B t for DAhI' 4
~ • ' S. 1R
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~ St lucie ~y t~ S~i
~(~~°F f- L U I-t i i.3 ~
~ Coun Ta. _ DOCUMENTA~~STAMP T~;E
~ ~ ~ ~ = Morzs~ < _
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~ ~~N aERK N V COMPTROILER Y^ ~
€ PB. N0138 oa+
~
~
togetl+~r with al) and dngular the tenemenri, heredit~menn ~nd ~ppwtantes fhereunto b~lorgirg w in +nywis~ ~PPertaininp the?eto. ~nd atl renfs, iuues,
~
prcceeds ,nd profin ~ccruinp and to acuus from said premise~, dl of which ut included in tM abov~ and foreyoinp desuiptan u~d h~bendum.
~ TO HAVE AND TO HOLD the abow desuibed and ynnted pemises unto tFM s~id MORTGAGEE, its waessas and +ss~pru fwewr. Md tM said
~ th ir
~ MORTGAGOR fo~ - h~irs, ~xsculots, administr~ton u~d auiyro, htreby coven~nb wifh fM s~id MORTGAGEE, ib suctessors and ~stiym,
rhst thev 3I~E ~~~~y of tM sa3d premi~s in fN simplr, ihat tht ~ame ~r~ frw, cl~~r ud d'isch+roed from all liens and ~ncum~
~ branus in I+w w in equity, and ths* t~4 w;ii ,~+a their heirs sMll w~rrant aod d~f~nd ti~e titk to tM tam~ to th~ s~W
~ MORTGAGEE, iri succestars snd auiyns, fw~ver ap+irut th~ lawfvl cleims and d~m+nds of ~II penonsF
PROVIDED, ALWAYS tMt if the MORTGAGOR ~h+ll p~y unto 1M MORTGACsEE th~ promiuory note her~inbefwe destribed ~nd ah~ll inily, promptly `
and fully perfwm, d~sch+r~, execute, complet~, oomply with ~nd ab~de by ~sch u~d ~vsry the stipulatans, syreemen», condirions and oov.nann of s+~d
: promiuay rat~ snd of this Mortya~, then this Mortyape and tM Estate ha~by aated sMll ceas~ ~nd be ~vll ~nd void.
' IT IS UNDERSTOOD th~t tM word "Mortqapor' whether in tl+~ sirpular or plwal u?ywhen io tha llAortyp~, sh+ll b~ sinpulu if on~ only ~nd
~ shall be plur~l iointly and swerally if mort than on~, and th~t tM word "their" as uaed anywhen in this Mortqayt sMll b~ taken to m~an "htf," "h~n:' '
or "its;' wherever the cont~xt so implies a admits. Also, that whsrever *h~r. is a r•f.rsnu u+ rhe coven•nn •nd apreem.nn h.r•in oomain~d ~o any of ;
~ the partip hereto, tFN sarn~ ah+ll t» oonstrued to mean ~s well as the Fkin, Ipal r~presentatives, wa~ssors and assisro :eitF~er voluntary b~r act of th~ i
parties a involw+tuy by opK+tan of the law) of the ssm~ and thst rM covea.nn Mr~in contained shall bind •nd rh. benefin and .dv~nayes inur. - #
~ to ths reapectiw hein, byal r~presentativ~s, w«euws ~nd ass?yns of tFN puties hereta ~
~ Md ~aid Matyipors, for tMmulves ~nd their hein, k9+1 repns~mativa, succeuors and assgra, hereby jointly ~nd s~vaally coverwnt ~nd prse ~
to ~nd with tht aid IWORTGAGEE, its wcoesion +nd auipns:
~ 1. To pay ~II and stnpvlar tFw princip~l and interest and th~ various ~nd wndry suns of mor~y p+Yablt by virt~» of said promissory not~. ~nd this
~ rrwrtysQ~. Ncb and ~very, promptly on 1F~ days r~spedivtly fM anw stwr~lly b~torn~ dw.
~ 2. To p+y ~II and sirgvlar th~ ra:es, as~esumnn. Iwies. Ibbiliti~s, oblip+tam u+d ~rKwnbr+nca of werY n+tu?~ ~nd kind ^ow e^ ++id de~uibed
~ vroper~y, a tFwt here+her m+Y be impoad, svffa~d. P~+ced• I~vied, or ~~swd MKreon, or th~t here+ft~r m~y be levied o? assss:ed upon tlws Mortp-
~ age, a tTw indebtedness sacvr~d hereby, tach u~d wuy, wFw~ dw ~d pay~bl~, aowrdirg to Isw, b~fore ~hey becan~ d~linquent, and befon u?y ht~nsf
~ attacF~ a any penalty is incwred; AND INSOfAR AS AN1f THEREOf IS OF RKOR~ THE SAME SHAII SE PROlNPiIY SATISFIED AND DISCHARGED OF
~ RECOR~ AND THE ORIGINAL OfFICIAI DOCUMENT (SIKH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PMER OfFICIAItY ENDORSED
~ OR CERTIFIED) SHAII BE PLACE~ IN iHE HANDS OP SAIp MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYNIENT; and in the event that sny thereof h na
paid, sat':fisd snd discharyed sa:d MORTGA(3EE may ~t any tim~ pay the iame w s~ryr p~rt thereof withovt wsiv'xg or affettinp any option, litn, eq~riry or
' +wht under w by virtvt of this mortpa~e ~nd the full amoum of ~ath and wery wch payma+t shall be immediately due and payable ar~d ihall beu intasst
~ F.om the date th~reof until paid st r~te of nin~ per centum ptr +ruwm +nd ~opetF~er with s~rch iotertst ~hall bt secwed by the lien of th:s mor~tape.
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