HomeMy WebLinkAbout2243 18~~21
THIS INDEN7URE. Made ~he 26th day of ' `l~u~ry p.D. 19 70 , bc~ween
Harry H. Schray and Alice B. SChrag. his wife
of St.• ~.YC1Q ~~p~nty Flor~da, herrin,~frer d~s~~natad as the "lt10RTGAGOR," and FiRST fEDERAL $AVING$ AhD IOAN
ASSOCIATtON OF FORT PIERCE, a corpo,at~on organized and ex~sti~~y under the laws of the Un,ted StatQS of America and having its principal place of
busioeu in ~he City of Fort Pierce, St. l~cie Co~nty, flor~da, hc`~dinal72! designated as tha "N.GR1vAGEE."
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\ WHERFAS the A10RTGAGOR is justly indeo~rd to the M.OkTGAGEE ~n the sum of 5_. 16~ 1~.~ _ good and lawful money of the Umted
States advanced by the MORiGAGEE unro the MC~tTGAGUR, as ev~:i,:r.c_~d 't~y a cen,,~i E.~o~nissery nore oS e.en ~+a~e hzrerv~~h, of wh;ch the foilowing in
~ords and figures is a true copy, to-w~C
z16,100.00 Na 16,167
~ fort P~erce, Flarida, January 26 197~
„ Fw value received, 1, wr or eithrr ef us, pron;ise to pay, wit~~e~t defa!:ai~on, to ~he crde. of FiRST FEDERAC SAVINGS AND LOAN ASSQCIATION OF
~ FORT PIERGE at Fort Pierce, Flo(da, the sum of 16! 100~~ _ _~n,th ~r =_r~st t~_ d.,tr at th~~ rate of 8~ 5 0o per annum, in monthly install-
, 130.00 lSth May ~O
rr.en~s as fo~ ows: S~-.~__~ on the day of . 19 r.~~ a;~I.r s~~n cn the cor:._spor.d~ng day of each month there-
~ affer until thr wfioie br iully ~a+d.
Eath instatiment first shall be appi ~~d ~n pa;r~~_nv of +),r ir:+ar•:s! ar::i n~_. . c+ i,al~ of ?he Er.;n~~~a1 sum. If drfault is made in Ihe
T payir.enf of any ~nsta~lment when due. ~i~d ~~..~h d~fau!t conr;~,:rs 30 d_ys, th_-n ;r :~•.c~.~.~~: ot ~i:e nc:ci~r, ~nd :,~:no~f dny ether notke, all the remaining
~ ~nstallmenb shail be due JIlCI ;~3~.~b:r et c~~c::, i'n~; ega i; g,.,n ro Fr_r,~ ttvs no'e ~~n v.:~eie or i~~ Fa•r s; anf r::n.~ w;~i~~ut prnatty. Neither fornbc•arante, ~
~ nor atceptante by the hofd~~r the~eof afr_•~ any d~-to~~t ~n any -._,.!s t:~~~~•o», s!:a~; l;e ti_~:•~rd ea~o:~s~cn A;ata payme~t charge of S_6. SO_ shall be
~ added to each inYat~m_r~t ~emain~ng un~x:d 7 days aircr ]ts d,:~tr.l.,tz, an: a : s.:~~~ ~,'i .,....•:,i t, c::1~ s~.h i~sta;im~m re:nain~ng unpdid 7 days after
- each succeeding payn.em dare. '
~ Eaeh maker, surety and end..rscr fi~~e~f, , ~t y •:d t... , s~., ~i p.r s~ e~: t r.o~ ci pro!esr for nonNayn,em,"and further ~
~ agrees to any extrns~on of tune of paymr~t, c,ri: ~ n ~r , ~ •y w..~+ n • to r ot ~ J ~ o'! wste u` caf~~:non, indud~ng e
reasonable attomey's fre in t~e e~ent uf a••~ d.~(.,~:r n~~r~,, u r. ar .i n_~~-,~y s:~--a . a., s.,., f; of f;, n_~_.,d .~nd exe,:~ptwn under the tonstitution ~
~ and lews of each Srare of the Lin,red Sra;rs =s -,y...: sr ~i,1s u: .;.~r:;:n or any c•.t~rs.en ur r.zri•:•.al !,:.,:of. '
~ Witrtess the harza ,nd seal of eacn F.artr. t
_[s/ Harzy H. Schrac~ ~Eq~~ i
(SEAL)
~ Alice B. Schraa _ ~sEau '
: ~ 24 ~ 1 S ~ Sraee Reveri~e tSE/!~~
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NOW, THEREfORE, the ~dORTGAGOR for the purpose of secur~ng payment of sa~d s:,m of $__?6~ 1~• , and the performance of the
covenanta and agr~ments hereinafter expressed, and tor d:.ers good and valuab'e cona:derat~o~s, by these presents, dxs grant, bargain, sell, remise,
release, convey and confirm unto tne MOkiGAvEE, ~ts succ~uora an~ ass: ns, a!! that cer.,,~n iot, ~ece or arcel of {and, situate, I~ `
$t . L.11C1@ ~ p P Y~~. and beirtg in the
Coonry of , and Srate oi fiorida, described as foilows: i
Lot 26, SHERWOOD ACRBS - UNIT J~p. l, as per plat thereof ~
i
on file in Plat Book 14, page 43, Public Records of '
St. l.ucie County, Florida,~ ~
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RfCE~t~EO s~•~ U IR PAYA~IENT OF tAXfS
D'JE C`~ CLASS 'C' 1NTAAIGIBLE PERSCNA~ PRppERTY,
~~s-j~~:+ To C~UIPT~R 20724, ACTS OF 1941.
~ FGG P01 ~ F,I35, Clerk Circuit Court
- cF L V 4~-Z 1LT,'
a as A~e~.. (~r DPz ~
a ~ rri=~ rr. Kn~wt~s, ~R
u~ y, pS' CUMEN A~%--STAr St Lucie Cour.ty Tax Collector ~
~ti- T
~ Z = FEB-b~,o 2 4 ~ 5~ er `-~-Y, ~
~ ~ - _
F- U COMPtROIIER ~ ou~ DFPUtY CLERK
N pg.~4~~3a
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together w+th all and singular the tenements, hered~taments and appurtances thereunto belonging or in anywise appertaining therefo, and all ~ents, issues, ~
proteeds and profits accruing and 1o accrue from said premises, atl of wh;ch are inciuded i~ the above and foregairg dewiption and habendum.
TO HAVE AND TO HOLQ the above described and granted premises unto the said MORTGAGEE, its successors ai+d assgns forever. And the said ~
their }
MORTG R fw heirs, executors. adm~n;strators and ass~gns, hereby covena~rs w+th the said MORIGAGEE, its successon snd auisro,
that ~~ey aZe - lawfuily se~zpd of the said prem~ses in :ee simpie; that the same a~e free, clear and dixharged from aIl lie~s and encvm- !
brances in law or in equity, and tha? ihey _ wi!! a„d their hei~s shall warrant and defend the title to the s~me to the taid :
MORIGAGEE, its successors and assig~s, forever against the la,n•ful c~aims and demands of all persons; ;
PROVIDED, ALWAYS that if the MORTGAGOR ahall ~ay unto the MORTGAGEE the promissory note here~nbefore destribed and ths11 truly, promptly
and fully perfo~m, d~xharge, execute, comptete, compty wirh and ab;de by each and every the stipularions, agreements, conditions and tovenants of said
promiuory rate and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void.
IT IS UNOERSTppD that the word "Mortgagor" whether in the singular or plural anywhere in this Mortgage, shall be singular if one only and
shall be plural jointly and severatiy if more than one, and that 1he word "their" as used anywhere in th;s Morlgage shall be fsken to mean "his;' "hen,"
or "iri;' wherever the context so implies or admits. Also, that wherever there is a reference in the covenants and agreements Fxrein contained to any of i
the parties hereto, the same shatt be canstrued ta mean aa we!1 as t~ heks, kgal represe~~:ivas, auccessor: and assigns (either voluntary by ~ct of thr ~
parties or involunrary by operation of tbe iaw) of the same and that the covenants herein comained shall bind and the benefifs and advants~es inure
to the respective heirs, legal representatives, successors and ass'gns oi the pa~ties hereto.
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And ssid Mortgagors, for themseives and their heirs, te~al rep~esematives, successors and assigns, hereby jointly and severafly covenant snd agree
to end with the said MORTGAGEE, irs svccessars and ass~gns:
1. To pay all and sinqular the p~incipal and interest and the various and sundry sums of monty payable by virtue of said promissory note, ~nd this
morigage, each and every, promptly on fhe days respettively the same severally become due. •
2. To pay •11 and singular the taxes, assessments, :evies, liabifities, obligations and encvmbrances of every nature and (eind now o~ said described
property, ot tMt hereaiter may be imposed, suffcred, placed, lev;ed, w auessed fixreon, w that hereafter may be levied w assessed upon this Mort¢
age, w the indebtedneu secured hereby, each and every, when d~e and payable, xtording to law, tsefore 1F~ey become delinquent, and fnefore •ny interest ?
attaches or any penalty is incvrred; AND INSOfAR AS ANY THERfOF IS OF RECORD THE SAME SFiklt 8E PROMPTtY SATISFIfD AND DISCHARGED OF t
RECORD AND 7NE ORIGInSAI OFFICIAL DOCUMENT (SUCH AS, fOR 1NSTAt~CE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED i
OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENi; and in the event that any thereoF is not
paid, saf'sfied and discharged sa'd htORiGAGEE may at anv r~me pay the same or any part Ihereof without waiving o? affecting any option, lien, eqvity O?
•iqht under w by virtue of this morrgage and the full amovnt of each and every such payment shall be immediately due and payable and shall bear interest
~rom the date thereof until pafd at rare oi nme per centum per annum and togerher with such imerest shall be sec~red by the lien of th:s mwgta9e.
BOOK ~S~G PAGE2239
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