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~ 3 ~-910U3
THIS INOENTURE, N1~ d~• 3rd ~ March ~,Q, 19 ~n
Williaa L. Bailev and l.ois s. g~~,g `
y,+ hi4 wife
of St. 1.L1C1@ • M~ Gq~~~ fIRST FEGERAL SAVINGS ANO IOAN
ASSOCIAIWN OF fORT PIERCE, • oorporation otp~ni~d and ~xittkq w~ tM laws d tM UniNd Stata of Mwrit~ ~nd h~vinp its princlp~) plaq of
~ buiirnss in tM Ctry of forf Pi~rc~ St. luc~ Cou~ty, Flarld~. !wliyffta dNi~naqd a 1M "/~IOkT000 00 f =
WtlEREAS t!~ MORTGJ?GOR it jwtly M?d~W~d to th~ JYIORTGAGff in 1A~ wm of i 1~ • • ~ooJ ind lawf~l mor»y of th~ United
~ Sreres advanc~d by th~ MORTGAGEE unro th~ AAORTGAGOR, as evidsnad by ~ an~in prom~ssory ~w~a of ~vN? d~a ha~,,,,;th, of which tM folbw i n
p in
wOr~ afld f~YfOi ~f a tfW CO~fy. bWifs
~ 16,000.00 16+215
Fat Pt~rw ffaid+i, MdIC11 3 197~
Fw valw r~iwd, 1, vw or ~ithK of us, promi~ to p~y, withoW d~f~lution, to the orde~ of fIRST FEDEftAI SAViNGS AND IOAN ASSOCIATION OF
F~RT PIERCE at Fort Piuu, Florida, tM wm oi Z 16 ~ ~ with iotersst from dats ~t tM r~t~ of 8• 5 96 pa annum, in inor?thly irotalH
r.,enn aa fdlowu ~ 139. OO oe th~ d~y of June :9ZQ- and ~ lilu wm on H+e corr
, after vntil tM whot~ bt fulty paid. d+y of ~sth n+onth tMn-
Ecd~ tnttallm~nt fint ihall b~ appli~d in p~yrn~nt of tIN intKest u~d tMn on tM unp~id balancs of tM princip~i wm, If d~f~vN is m+d~ in tl»
a payment of ~ey irotailment wh~n dw. ~nd wth defavh oontinwa 3p daya„ tha+ ~t tM option of th~ ho{da. and withaA any otF~ notia. ~Il the remaininp
~nsi.i4~?n s1+a11 b~ due aed payaW~ ~t o++c~. Privi:~ it yivsn to pnpiy this r~ott in ,~,},el~ ot in p~,1 af any tirn~ without pu~alty. Neither fonbwrana,
n;x ~cnptaea by tl+e holdu therrof ahar anyr defsult ln any WYmsnts hsreon, ihrll b~ d~~med ~xt~n:ion. A lat~ WYmant cF~p~ of i-.~2+.~.-. sh~ll b~
added io e~ch irotailmant ~am~inirq unp~id 7~ d~ys aitM i1s dw daN, and • like wm sh~ll b~ add~t! ro esch such iostailm~nt rrmaininp unpaid 7 d~pt afM
~ ea:h sueeNdinp p~ymN?t d~t~.
~ fad+ m~k~r. ux~ry u~d e~dorur Mreof, jantly and ~wr~lty, waives demand. Presenrment protest ~nd notia of protest for ~wr?payment, s~+d further
~ eg.cri to a~y uctension of tim~ of paymsnt, ~ithar hefor~ or ahar m~turity, without notip to any of us; ~nd ro pay all cosls of oolkctio~. incl~dhp •
~ rcasonab.4 attwney i fae in tl~s event of any defauh hereunde+, and Mreby s~versUy w~ives ad be+~efit of lamesresd and axemption vr~dK t!r ooraHtufbn
artd law! of tath State of tIN United St~tes, u ayairot this obli~tion 0~ any exrension or ~~n~wd h..eof.
YVitmas th~ h~nd and }esl of eacb p~rty.
/gl Wlllias L_ Asai2oX, ~u
' cs~?u
/5/ Lo1s 5. Bailev ~y
t$ 24 ) Sn» Rw«~w ISEAIJ
~ r20w, THFaEFoRE, th. N?oRTWl~cort fo. th. pu.,po.e of s.~v?ieg wrn«M of s.id .wp e~f t 16,000.00 ,.~+a et» pwt«m.no. of ~h.
covenants and s~rkmer~b hertlnahsr ~:pessed w+d for d'ivus pood +nd vdwbl~ coraid~ations, M tMs~ Pn+~r?». does ~r~nt, barpalq, wll, nmiw,
refease. oonwY snd ow~firm uMO tl» MORTGAGEE, i1s wa~asoq ar?d sssipnt, all fh~t urtain bt, piaq ot P~rpl of Iand, sitwt~. ~I/irg, arx! b~inp in tly
Co~nty of St. I.1~C1@ and Sta» of F{aid+~, dncrib~d q followa
Lot 12, HpMIL?ON ACRES, ~a resubdivision of Lot 29, Maravilla
Gardet~s - Unit One, as per plat thereof on file in Plat Book 14,
. t
page 6, Public Records of St. Lucie County, Rlorida,~,/ ~
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roQsflw with ~II and sin~vla~ th~ Nrw~ts. h~rsd'nam~nls t+~d appurtanns tlanunw b~laeginp or ln +nYwiM ~PP~+~ ~nd d) nr?ta, ha+a.
proe~eds ud prof'HS aaruirg and to ~tuw from said premiw~, atl of whicfi m intlud~d in th~ ~bov~ ~nd fonpoinp dae?tptfon ~ed h~b~nduen.
TO HAVE AND tht'FpI~D tM +baw d~saib~d M+d 9rantad pranips u~o th~ said 1Y10RT('s/1~SE~ i1s woaason ard usipe~ fw~wr. Md th~ ~ald
MORTGAGOR fa h~in, ex~cvfon. ~dminiatrab~s and ~ssip% her~bY oovananM witl~ th~ ~ald JNORTGAGfE, i(~ w~ara~o~s and ~ipn,
rhst thQY AY@ ~~~h, s~ized of tM said pr~mi~ in fN simpl~t liiaf fh~ sanw an irN, clwr snd dbdwr~d from all iiuK and ~ncwn-
~ u,~, o. r~ .~y. +~d they w;p .ad thei r ,ti,~~ w«.~r .~a d.r.oa ~h. ma w e» w~. +o ~...w
MoRrcnceE, m.~«ssw.s .~a .asgro, f«.w. .p.irut th. b,Nr~,~ ~a «+a d.~u~d. of ,u p~,oM,
PROViDED. ALwAttS rhat if th~ MOIttGAGOR sh.u psy wao th. 1NORTGAGEE fi+~ p.omiuory no» here6+b~fon daorib~d .nd ~(I frvly, prompth
snd fu11y p~rform, d'adurgt, ~x~tuN, eompl~t~ oomplp with snd ~bid~ by Neh and ~v~ry th~ stlpvl+tfa+t„ aDn~rt~e~es. oonditiwK and tov~n~rus d wW
p?omissory nok ard of thi~ Mayap~, tMn this Mo.q~ -sn~! tM Esnt~ t»r~by awtd stwll aaw and b~ rwll ard void.
IT IS UNDERSTOOC sh~t thr word 'Mort9+por" wh~tMr in th~ atnpular a ptwsl anywh~n tn tNs Mortpape, ahall b~ ~kpvlar ff on~ only ~nd
ahalt be piwat ioimiy ~nd trventy N mor~ tlwn on~, and th~t tho word "fMir" as uad art~Mt~ ke thY Mortpapt ~I! be tabn to m~a~n "hir,,•• ••h~n„"
or "its," wlwwer the oonteut w implks or dmits. Alao, that wlw~wr thsn is a ref~«+oe ln the ao~v~narns ~+d ~pr~nts hu~in oom~Mwd b arry of
~M parti~a M?e% Nw s~me sh~ll be cautrwd eo mMn u well a th~ hNrs. bp~l npr~aMta?ivei, wcas~on ~nd ~asi~es (~iti~u votuntiry b~r ~cr of ths
p~rtia a irwdunt+ry by op~~tion of th~ law) of ttw aam~ and that tM oov~nanta Mrein aaqakNd ~11 bind and th~ b~nefits and adva~tq~s kw?~
to th~ rMp~ctive M'vs, bpsl npraent~tews, woon~as ad anFQns_of th~ partie~ Fwreta
Md said Mortqpas, fa tF~req~lws and tMir 1~irs. Iqsl rpres~ntativp, woaa~ars ~nd asipm„ ha~by ~ohtly and ~svuatl~r oov~nant and sp~~e
to a~d with tl~e ~sJd MORTGAGff, its a~+cns~ors and ass~ns:
i. To p~y dl and ~rgular th~ prindpal ~nd imKW and tM vuiout ~nd svodrr sums of mawy pay~ble by vktw of said proeniqory rwM. and this
mor'Q+p~, wd~ and rwrY. P~a~'Y on th~ days n+P~ctiv~F~r 11» san~ wwr~lly MconN dw.
2 To p~y ~11 and ~irgvlar th~ taxes. a~aamms, bvia. 1iabilitia. oblip~tions and N+a~nnbr~noN d swry eMrw~ ~nd kind now on said daaR~d
w~Y. a tlwt M.eaha m+r be +mipa~d wN~nd d~d. ~~d a~wss~d tMr~on, a that I~ue~ha ma~r b~ Iwi~d or aswswd upon thM Moet~
Or f}N k~dsbbdrwss sewr~d F~~by. Nch ~nd ewty, wlNn due ~nd WY~bb, aooordlnp b law, b~fot~ theY b~c.orn~ dtlkqwM, r~d b~fon Mh? YtNnst
•tteches a ~^Y PMdh is innrn~dr ANO INSOfAR AS ANY tttEkEOf IS OF RECORD THE SAME SFfAII 8E PROAMTIY SJITISflEC ANO DISC?1ARGfD OF
RECORD M10 THE ORIGINAL QFFKI/?l ppCWNENT (SUCH AS, fOR IN57ANCE. THE T/1X RECFIPT OR THE SATISFACTION VAPER OFFICU1lLY ENOORSEO
OR CERTIFIED) SHALL dE PLACED IN THE HANDS Of SAID MORTGAGfE WITHIN TEN pAYS NEXT AFTER PAYMENTj and in tiw wMt th~t ~ny Mwrwf nof
w1d. saYsf~d and dixlwytd s~id MORTCsAGEE may ~t any lirM pay the ianr w u?y part tl~eraof without w~ivinp a~ff~crinp anY option. ~i~e. ~qui1Y or
~+qM und~r a by virtw of N,b mwtya~ .nd Nu fvll .movnt of ~ach and ~v«Y ~ P+r~t th~ll b~ iern~diat~ly dw ~nd pay.bl~ and ahan bw htK~st
<<«n tl+s date tf~erwf ue?tif paid at ~~te of e~i~ pN untvm pK ~nnim ~nd wpNk~ra~ .n ~t1 M secw~d by +h~ lien d th:i mo.ptap~.
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