HomeMy WebLinkAbout0551 ; . . , ~a8.~~~ .
THIS INDENTURE, AA~d~ tb~ 16th d.y of De ember ' ~v6y "~n~e«,
George . La Cour and Ruth Df . La Cour ~ his Kif e
St • Ll,iCl@ ~~~y ry~{~, hK~iMh~r daipnabd as th~ "MORTGAGOR;' ~nd fIRST FEDERAt SAVINGS AND LOAM
a~ ASSOCIATION OF FORT PIERCE, ~ u»poratan orquuud and ~xistinp wd~r tM laws of t!w Unitd Stat~s of M?~rics ~nd MvLg in principal plaq of
businas in tM Gry of Fat Piau, St. lud~ Cow?ry, Florid~, her~in~h~ d~sipna»d u tM "AhORTGAGEE."
WHEREAS tM MORTGAGOR h jwtly ind~bt~d to th~ MORTGAGEE io tM wm of i 21 , 9ood and lawfui money of the United
States advsrxed by tM MORTGAGEE vnto th~ MORTGAGOR, a~vidsnced by • csrta~~ promissory ~ote of even date herewith, of which the followi~p in
~ words and f19w~s trv~ ooPY, to-wit:
° 000 .00 ~ 16 ~ 10~_
" ~ p~, F~~, December 1G i9~~
`l~ for vslus nctived, 1, we o? ~ithet of us, promis~ ro p~y, withovt defalutio~, to the ord~r of FIRST FEOERAI SAVINGS AND tOAN ASSOCIATION OF
v FORT PIERCE at Fort Pierce, Florid~, th~ wm of =~l a • O0 with i~terest from dats ~t the r~te of ~Q96 per annum, in monthly install-
menb ss iollows: = 176•~ on ~hel5th d,y of ~ril 19>Q_ and a lik~ :um on ths co?respa+dinq day of each month therr
after until the whole be fully paid.
~ Each ir+stallment fint shall b~ ~pplied in payms~t of tM intaest and then on the u~paid balance of the prindpal sum. If defauh is made in ths
payment of any installment when due, and wd+ dehuh continues 30 d~ys, then st the option of the Falder, and without any other notice, aH the remaining
' initallments ihall be d~e and payabk at axe. Privilep~ is yiven to pep~y tha nots in whole w in part at a~y time without pc~alry. Neither forebearance,
nor seceptance by the holder thereof ~Na u~y defsuh in anY payments hereon, shall be deamed extensan. A Is~e payment charg~ of S 8•8O sMll be
added ro each iintallment remaini~g unpaid 7 dayt ~ftK Ns dw d~t~, and a lik~ sum thsli be added to esch such irotallment remaininp unpaid 7 days aNe~
eath succyediny PsYment dats. ,
~ E+ch maker, sw~ty snd endorser h~reof, iointly and severalty, waivts demand, preser+tment protest snd notice of prote:t fw nonpayment, usd further
~ agrees to any ~xtcnsiw~ of tirn~ of p~yment, either befon or aftar maturity, without noY~ce to ~ny of us; and to pay ail costs of collection, includiny a
re~sonable +ttorney's fee in the evenl of any default hereunde?, ~nd hereby severally waives all benef' f homestead ~nd exemption nder t titution
~ and lav~ of each Saro of the U~ited States, as agsirot this obliyation a ~ny extension or renewal
Witness ths hand wai of Nth _ %V
-
_ ~ _ _ r .
_
~ - - - - u
~ C~-C. • a-(,~ /s/ Ruth . La our ~U
~ ~ 31.50 ~ sta» a~wnw ~
~ (Stsmps c~lled on «iptnal not~)
NOW. THEREFORE, the MORTGAGOR for tM p~rrpos~ of iacvrirg paymem of said sum of ~_~-nn0.~ and tM pe?form+nos of tM
cov~nanrs and •pracme~n hereinafrer exprcued. a~d for ~ven ~ood and vsiwbi~ cauide~+Yans, by thae pre:enn, does yrant, l»r~si~, sell, ramise,
release, oonvey and oonfi?m unto tM MORTGAGEE, its waawn uid usipns, all tMt certsin lof, piea or pual of bnd, sitwt~, lyir~, and beinp in ths
~ S t. L uc ie and Stat~ of Fbrida, dewib~d a fdlowr.
A portion of each of LotS 16 and 17, Block 34 of RIV~R PARK, UNIT ~4, according to the
plat tnereof as recorded in Plat ~ook 11 at P~ge 9 0~ the public records of St~. Lucie
County, Florida being more particularly descrioed as follows:
Commence at the most ~asterly corner of Lot 8 of saio Block 34; thence run I1. 4I° 14'
00" 31.08 ieet along the Southeasterly bounciary of Lot 7 of said Block ~4 to tne
point o~ curvature o~ a curve to ti~e right having a radius of 22 ~6.59 feet; thence run
FJortheastwardly along the arc of said curve to the right a~istance of 219.60 feet
through a central angle of 5° 36'02" to the point of beginning of the parcel or lanci
hereinafter described; thence continue Northeastwardly along the arc ot said curve to
the right~ b~ving a radius of 2246.59 r"eet a distance oi 109.84 feet through a central
angle of 2°48'OS" to a point; thence run S 40° 11' S3!'6., radial to the last mentione~
curve a distance of 140 feet to a point on a curve having a radius of 2106.59 feet and
being cancentric with the previously mentioned curve; thence run Southwestwardly along
the azc of said curve to the left, being along the Southeasterly boundary a= said
~ r u
Lots 16 anc; 17 a distance of 103 feet through a central angle of 2 48 OS to a point;
thence run N.42~59'S8" radial to both previously mentioned curves a distance of
140 feet to the point of beginning,?
topether with ail u~d dng~lar the ten~nwnts. Mr~ditameMs ~nd appurtanc+s tMtwnto b~lagirg a in anywbt app~rbinirg tMreto, u?d ~!1 rtnts, iuws,
proceeds and profits aaruing a~d to scuw from s+id pr~mises, all of which an includ~d in the sbov~ ~nd forpany d~acription and h~bendum.
TO HAVE AND TO HOLD tM abov~ desvibed and ~ranted prema~s unto tM s~id MORTGACEE, its wocss~on and auiyns forewr. Md th~ s~id
MORTGAGOR fw t i r hein. ~xecutas, admi~istrston and ~uiyro, hereby oovenaob with tM said MORTGAGEE, its wocessors and ~ssipra.
that thev aIe ~~Ily wiud of tl+~ s+id pnrnis~s in fN simplej that tFw aam~ ~r~ frw, clsar ud dnchKyad from all Itens and ~ncvm~
bra~ces in law a in eqvity, and ths* they ~II ~ their Min shall wsrr~nt u~d def~nd tM titit to the sam~ to th~ sald
MORiGAGEE, its waessws and +ssi0ns, forever ~p~lnst th~ Iswfvl diwns and d~mandt of dl perwro:
PROVIDED. AlWAYS Mwt N fhe MORTGAGOR sh+ll p~y ui+ro tht 1NORTGAGEE th~ pramisrory rat~ har~inbefore desuibed and sh~ll trvly, prompth
and fvlly psrform, d'ach~r~. ~xecut~, comPlN~, comP~Y with ~nd abid~ by ~ach and ~wry tM stipulatlons. +prNenents, cw+diraro and oovenants of said
promiuory nots ~nd of this Matyape, t}~en this Mortpap~ snd tht &tst~ Mr~by creat~d sMll aase ~nd b~ nvli ~nd void.
IT IS UNDERSTOOD that tM word "Allorty+por" wh~tM? in Nw sl~ular o? plwal snywha~ in this Morty~. ~h+ll b~ siryular if one wdy ud
•hail b~ plural jointly and ~evaaily if mors than one. and th~t th~ word "their" as wed ~nywMre in t1+is 1Y1ort~+~e sh+ll be t~ken to me+n "his." "I+~rs:'
w'its." wMnver tFr oont~:t w implies a admits. Alw, thn wher~v~r then b ~ r~fKenoe in tM coven~nb and ~yrssrnenn he?ein com~imd to u~y of
the parties har~to, the wr» sMll be oonstrued ro m~~n a weil a tM lwin, b9al npnsematives, suoceuors ~nd assiprn (~itha voluntary by act of th~
partia or imdvntary by oparatan of tFn law) of ttw sam~ ~nd that tM covaunn Mr.in ~omainsd ~hall bind and NM ben.fifs aod ~dv.nfya irn,r~
to tM rnp~ctiw l~eas. Ip+l represe~utiws, wooes~ors snd asi~ of th~ putia Mr~to.
Md ~aid Mo~ty~yors, fa tMmselws u~d ttwir Min. Ip+l rep~~sentativa, wocesson and aaipns, htreby jointly and s~vsrally oownsm ~nd aprK
a uid with fM uid MORtGAGEE, its svaeswn ~nd auipna:
1. To psy alt and sinyvlar tM pri~cipal and intNest and tM vario~s ~nd sw+dry sums of monty paY+We bY vi~tw of ~+id P?a^~Y ~
mortp~, wch and rwry. PromPtly on th~ d~ri re~Qettivt~Y tM ~am~ tw~raily b~can~ dw.
2. To p~y all and sinpul~? th~ tsx~s, au~unwnb, iwirs, liabilhia, oblipatiom ~nd ~na~nbrsnas of wery n~ture and kL~d raw on s~id dac?ib~d
propKry, a th~t Mr~+ftK rn~y b~ impowd, wffa~d. P~aad. Ir+ried, a ~aassed tl~a~on, a tMt Mrsaftu may b~ Iwi~d or assaswd upa~ thh M~ort¢
ape, a the M+deM~w ~ecvr~d FMr~by. ~ad~ aed w~ryr, wMn dw ~nd p+yabk. ~aoordinp w law, bsfon fhey becorM ddinqwM, and bsfon +ny kn~rea
attaches w any ptn+lty is incurred; ANQ INSOFAR AS ANY THEREOF IS OF RKORD THE SMAE SHAII 6E PROAMriY SATISfIED AND DISCHARGED OF
RKORD AND THE ORIGINAL OFfICtAI DOCUMENT (SUCH AS, fOR ~NSTMICE, THE TAX RKEIPT OR 7HE SATISFACTION PAPER OFFICIAIIY ENDORSED
OR CERTIf1E0) SHALL SE PIACED IN iHE HANDS Of SAI~ MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; u~d in 1M ~vent that any th~teof ia nol
paid, atisfi~d and dixhuy~d s+id N10RTGAGEE msy ~t soy time p~y tM s+m~ a sny p~rt thereoi without waivieg w affectirg ~r?y option, lien, p~ity or
.ipht under o? by virt~e of tha mortysye ud the full wnount of eacA and wery wch p+ym~nt shall be immediat~ly due ~nd psyabk and ihali b~ar interest
' •~.am t)r dat~ tMreof vntil paid at rate of nine per untum pe~ ~mwn ~nd ethN w~th such ioarest sh+ll be secwed by the li~n of th:s morytaye.
~ aoo~8~ ~?~E 549
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