HomeMy WebLinkAbout2241 1~~ ~20
THIS INCCNTURE, Made the 29th day of _ Janua_r~_ _ A.~. ~9?~ , bet~een
Pete Louis Baco~ and Mar~?__B. Bacon~his aife,
of St• 1'uCiQ Counfy florida, her~:nai~er dcs•:~~.+1:•'1 a~ the '1.tpRiI.AGCR,° ar,d f14ST FEOERAL SAVINGS AND LOAN
ASSpC1AT10N OF FORT PIERCE, a torporat~on oryanizrd and ~~,s~~::9 vndr~ ri-~e laws oi the t;~~:ted $~at~rs ot America and heving its principal place of
bu~iness in thp City of Fort Pierce, St. Lucie County, Florida, li~•r~~ir,airrr des~grratad o: ti~e "h'.(.~RiGAtiEE." _
WHEREAS the MORTGAGOR ~s ~usNy i~deoted to the AlORIG%+GEE in the wm cf 5 31_S~~a0.9 9ood and lawful money of tfie Un~ted
States advanced by the 1.1pRTGAGEE unto thr MOkfGAGOR, es rv:~~~.c_d :y ~ ce~t.,u~ i~ronus;:.y ;,ot_ e.en daa~ ha~r.v:rE~, of wluch the (oilowing in
words and (igures is a true copy, to-,rvit:
= 3, 500. 00 No_ 16 ,171
fo-~ P~erce, Fio.;da, _,~~L_alllldYY ZQ~ _19 70
Fa value received, 1, we or either of vs, promae to pay, .~nhu~t desa'c~c:o~~. to c~:,er ot :IR~I F:D;R4l SAVINGS AND LOAN ASSOCIAiION OF
FORT PIERCE at fort Pierce, florida, ti~e sum ot 5 3-l5O0~~ _ _ v;;~+~ ;;.•_r,.s• tr.:.*. d-;t, ~t ti;~ ia•,, o{ 8s 15u_~r a~ir.um, in monthly install-
50.00 15th March 70 i
menfs as follows: Z---.----- on th~ d~~y of , i9 an:l a i.c s::m ::n :t:> corr~~spor.d~ng day of each month there-
afrer until the whote be fuily H~.d. ' i
Each instaiiment first sha:'I be d;~~ !.rd :n :~a;:*'_:~r of rf;~• a~~:! c~: -1 i>_ ~:f ?h~• },rr~c pal sum. !f deieult is made in the r
}~ayment of any installmem wh.,n due. ar~d ;~:ch d~`::~,•i :e:~r~,; ~s .'..,.s ~n.,~~ .;t nc.• ~n,, ro.cier. ~•._i .~,~ho.;• any other no~ke, a;i the remaining
~nstallments shail be d~e ar,d pay~c;e at c:,c::. Pr~~~ e~~ 6s 9~v,n ro~.:~~:.iy Th!s r.~!e„~n wi;o:a er ~,,rr aa ...~..:r!~::ut ;._,~alty. Nci!ner to~ebearanee,
nor acceptance by the hotder ~hereof af!~~r any nrfe~:t in rny pa;..,:rrc i:r..o~, sF~i~ .:ad ~xt:.,s~on. A;are pvyrr.ent charge of S-2s5O_, shall be
added to etth inatalunrrd rem~~n~::g unpa:d i ~a~s aitet its d~e dote, an.{ a,_, ~ t, such ins',i.n.eni ren~a~ning ~nNaid 7 days after -
each succeeding payn:ent oetr. !
Eath maker. surety ai:d endors~r h~-r~,.~. , •~~:y , _ . ~ . . , _r ;r , i c:f pro+~~s~ fo~ nonp~~ment, and furthtr ~
a rees ro an exlrnsion of i~n:e of ~:e v ~ • ~ ? ; ~
q y N y, _ - c} • i ~ ,,3:~ _.,sts ef ~o!,ecr~on, ineiud:ng a
reasonable attomey's f~e in the e ot c~ a~~ d~` t r~ t_r. t f , ~~,d .,nd e,;v~npt;on ur.der the tonstitution ~
and laws of each Sra!e o1 the U+.~!~d Sr,. s, ,js s i;;i UG ':)3/.JR or ony „~r~~~: ,.n ,..o. . :.i.
WiMess the h3nd ~nd seal oi c~.h ~~art~. ~
~ S/ Pete t..ouis Bacon ~
(SEAI) ~
(SEAI)
S~ INaY~/ B. BdCOii (SEAL) ~
( ~'S ~ 25 ) $tate Revenue (5~~~ ~
~
N01N, THEREFORE, the ~dORTGAGOR for the r,se of se:~r;., 3 500 and the performance of the s
F- F~ g~ayment cf satd s.:m of S__~_-~_~~ ~
covenants and agreements hereinafter expressed, a.ed fo+ d.crs gaod or.d ~a!uab'e c. ns~de~at~ons, by these ~reser.ts, oces grant, ba.gain, sell, rcmise, ~
retease, tonvey and confirm un!o tha h'.Oi~ivAGEE, its suc:esson and ass;gns, atE tnat cer.ain lot, p~ece or parcet of land, sit~ate, lying, and being in lhe
Carnty of $ts__ l1 1 and Srate of fiorida, df3Chbed as follows: ~
. - ~
The North 102.5 feet of the West 115 feet of ?zact 18, GARDEN CITY FARMS, Section ~
~
5, ?ownship 35 South, Range 40 East, LBSS street rights of way being 30 feet on ~
the North side and 25 feet on the West side, according to the plat thereof on file ;
in Piat Book 2, page 5, Public Records of St. Lucie County, Florida, ? :
~
:
RECE?{~p o~
p
UE ON C~ IM PA
I:QGS~R;1T TO CHAPTfRR20
~q PE~HAL~pRpp ~A7lES
5 1!~ I t ~F t- L U 1-~ t U~E} ~ as ' Pu!?~'~S. C1F:k CirCUIt ~TS pF 1~1. ERIY, ~
DOCUMENTAoN STAMP 1'A`.~ ~''~'f f°r CI',r~rE~ N. K CQU~
J ~ _ V T ~
~ FEB-6'70 . ~ ' St tu;:ie ~U, H~INf~$. !(t ~
~ o ~ ~~Y Tax Colfecto~ ~
N" v= 5 2 5~ Br
C01~4P7AOLLER ~ ~ ~ ~
P.6.190138 a ` r E ~ ~
,
nF~;m. ~~~x
E
3
~
togeth~r wifh all and singular the tenemenrs, heredifaments and appurtances thereunto betonging or in anywise appertai~ing thereto, and all renri, issues, ~
proceeds and profits accruing ar.d to accrue from said premises, at! of which are ~~cl~ded in the above and foregoing dexription and habendum.
TO HAVE AND TO HQLU the above described and granted premi;es unto the said MORTGAGEE, its succe:sws and assig~s forevrr. And fhs tsid
their
MORTGA~p R for heirs, exec~tors, adminis~rators ar.d ass~gns, hereby covenants with the said MORTGAGEE, its successors and auigns,
rhaf thQy aYe lawf~fly seized of the sa;d prem~ses in fee simple; that the same are free, cfear and diuharged from a!! liens and encum-
b~antes in law or in equity, and that_ t_. he~__ witt and __~thell ~ heirs shaN wanant and defend the title to ihe same to the ssid
MORTGAGEE, its successors and assigns, forever againat the ~awful ciairns ar.d demands of all persons;
PROVIDED, ALWAYS that if the MORTGAGOR shatl pay u~to the MORTGAGEE the promissory note hereinbefore dexribed and shall truly, promptly
and fully perform, d~uharge, execute, comp+.ete, cor.iply with and abide by each and every the stiputations, agreements, conditions artd' covenanri ot said
promissory note and o! this Morfgage, then th~s Mortgage a~d the Estate hereby created shall tease and be null and void.
IT IS UNDERSTOOD that the word "Mortgagor" whether in the s~ngular or plura! anywhere in ihis Mwlgage, ahall be singular if one only and
shall be plural jointly and severally if more than cne, and that the word "their" as ~sed anywhere in tF~s Mortgage shall be taken to mean "his;' "hen,"
or 'its," wherever the tontext so impiies or admits. Also, tha? Nherever there is a reference in the covenants and agreements herein tontainet~, to any of
the parties hereto, the same shaii be construed to meart as wafl as the he~r~, lega! representatives, auccessors and assigns (titixr votunhry by ad of th~
parties or involuntsry by operation of the iaw) of the same a~~d that rhe covenanrs herein contained shall b;nd and the benefit~ and adv~ntages inwe
to tF~e respective heirs, legal tepresentatives, successors and ass gns of the parries herete.
And said Mortgagors, for themselves and their heirs, tegal representarives, successors and assigns, hereby jointly and severally tovenant and agree
to and wifh the said MORTGAGEE, its successors and ass~gns: •
1. 1o p~y sfl and singular the principa! and interest and the varicus and sundry sums of money payable by virtue of said promisfory nofe, and thi~
mortgage, each and every, promptly on the days respectively the same severall~ become due.
2. To pay all and singular the taxes, assessments, levies, liabilit~es, obligations and encumbrances of every nature and kind now on said dewibed
property, or that hereafter may be imposeA, suffered, placed, tevied, or auessed thereon, or that hereafter may bt levied or asslssed vpon tbis Morf¢
age, w the indebtedness secured he~eby, each and every, when due and payable, according to law, befo~e they become delinquent, snd before any i~terlat
anaches w any penalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RECORD iHE SA1~1E SHALI BE PROMPTLY SATISf(ED AND DISCHARGEO OF
RECORO ANO THE OR1Gti~iAL OFF1CIAt DOCUMEN7 (SUCH A5, FOR IN57ANtE, TME TAX RECEIPT OR THE SATISFACTION PAPER OfF~CiAIIY ENDORSED
OR CERTIFIED) SHAII BE PlACEO IN TNE HANDS Of SAID MORTGRGEE WITHIN TEN DAYS NcXT AFTER PAYMENT; and in the event that any thereof is not
paid, sat'sfied and discharged sa'd MORTGAGEE may at any t~me pay the same or any perr thereof wiehout waiving or affecteng any option, tien, equity or
•iqht under or by virtue of this mo~rgage and the full amounr of each ar,d every such payment shall be immediately due and payable and shall bear inte~est
irorn the date Ihereof uroil paid at rete of n~ne per centum Fer ann~m and together w;th wch interest shall be secured by the lien of th:s morgtsye.
~ooK 182 PAGE?„~37
_ _ _ _