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HomeMy WebLinkAbout2586 , . . : ; lylt~lU - THIS INDENTURE, Mad~ t~ ~th ~ d~y oi April „ A.D. 19~.., between Sidney l.onc~ and : Qauir _ Lnnp ~ al so known as O~siiut t..onfl _ his tvifp~ of St • Lucie County Florida, hereinaftK designated as ths "MORTGAGOR;' and FIRST FEOER.(! SAVINGS AND IOAN ASSpC1A710N OF FORT PIERCE, a co?poration orp~~ized and exi~tiny under tM laws of th~ Unit~d St~i~s of Americ~ tnd Mvinp iss principal pl~c~ of bu~~-+eu in tM Ciry of Fort PiNC~, St. l~ci~ Cou~ty, Florida, hereinaft~r despn~bd a~ tM "MORTGAGEE:' WHeREAS Ihs MORTGAGOR is juitly indebted ro 1M MORTGAGEE in the sum of = 7+¢~• 00 good a~d lawfu! .rw.~syr of the Un+trd Srates advanced by the MORiGAGEE unto ths MORiGA^vOR, as evidenced by s ce~tain pr~niuory note of eveo date her~with, of which tM followinp in ~ words snd figures it • trw copy, to-wil: : 7,~300.00 16~260 ~ Fwt Pierce, fiorida, APY11 4: ~y 7Q ; fa val~e received, 1, we w either of us, ,se to j prom' pay, without daFakation, to the order of flRST FEDERAL SAYlNGS AND IOAN ASSOCIATION OF fORi PIERCE al Fort Pierce, flwida, the sum of = 7 s'400~ w;th interest from date at the ratt of per annum, in monthly install- ments as foltows: Z 76•00 ~ t~ ZSt1'1 ~y of ,~y , 19 7O and • like sum on the correspoc?d~~?g day of each month there- ; after unfil the whole be fully paid. Each i~stallment first sfiall be applied in payment of ths intarest and then o~ the unpaid balsnce of the princip~l sum. If defautt ii msde in the ; vayme~t oi any insrallment when dua, and svch defau!? conlinues 30 days, then at the optwn of the holder, and without any other notice, a11 the remai~ing ~nstallrteents s'r-.all be dve and payabk at once. Privilege is 9iven ro prepay this note in whole w in put at any time without pena~ty. Neither faebearsnce, nor acceptancs by the ho!de? thereof after any default in sny payments hereon, shall be deemed extension. A late payment charge of ~ 3~~ 0 , ihall be added to each instattment remaininy unpa~d 7 days after its dus date, and a like sum shal! be added to each such installment remaining unpaid 7 days aiter each wcceeding payment date. q Each maker, sure and endorur hereof, ! ry jointty a?~d severally, waivcs demand, presentment protest end notice of protest fo~ nonpayment, and further E agrees to any extension of time of payment, either befo?e or after maturity, without not~ce to any of us; and to pay all costs of collAdion, includ~ng a # reasonable attorney's fee in the eve~t of any detaulf hereunde?, a~d hereby seve+ally waive~ all benefit of homestead aod exemption under the constilvYro~ ~ and laws of each State of the United States, as against this obligation or any extension a renewal hereof_ ~ Witness the hand and seal of each pa?ty. S/ Sidney t.ong ~AU cs~?U S/ Oquin Lonq, also known a~U ( ~ 11.10 ) State Revenw O~ Qu~titl IAi19 ~w ~ NOW, THFREFORE, the MORTGAGOR for the purpose of teturing payment of s~id sum of S?~4U0. , ~nd the performance of the ~ covenanb and agreements hereinafter ex{xeued, end for divers 9ood and valwble cor?sideratiom, by these p?esents, does grant, bsryain, sell, remiie, ' release, convey and confirm unw rhe MOArGAGfF, ih successwa ~nd auigns, aU fMt cert~in lof, piec~ or pucel of land, tituate, lyinp, and beirg in the tounty of St. Lucie „ u~d State of Flwida, dcwibed fdlow~: t,ot 9, Block 1, SuU2:{CR;~ PI:~ES SU3~IVISIC~;.T~ according to a plat thereof on f ile ~ ; in Plat F3ook- 9, page 68, Public Records of St. Lucie ~our.ty, Florida,~-~' Crr~..,rC ~ ~ -i , 'i': !"~..'1iS 'C lI:FA ' - . i?i ~'~.':1~~;? {±t Tr•,ES F.. r: No^(SiE FF~ i`~ - . . '(T .;ap; -R ~~,~~t. ACi~pF ~ ` ..'rE";7 , ~ i ~~1: ~ ~jP 7311. t`Ie~i, _U~ CcU!~ k;?"• ~^T ~',tilCl R. Ktd~N1lES, St Cu~;e u,:r~ 1ax Calector 'r ::i ~ 1 ~l 1 i:_ " L t~ ~ : d'`~~ c~ ~ DOCUMEftiTA~'~'_Sir~Mr'~ TQ~C ~ ~ APR-b7~ z '~.~~E - o = -":~r ~ ~ ~ - ~r:- 7. N COMPTROIIER P.B. ~90138 ~~~nai ~ together with all and sirgular tha tenemenb, hereditame~ts ~nd •~rr.~ there~,~ro b.~or,~;~,9 a, ;n •r,yM,;,e a~ena~ot~ tlKrero. ~nd a!! re~n. Fuua. proceeds a~d p~ofin accruinQ and fo xavs from s~id premiies, alt of whid~ are incluJed in the sbov~ and forepoirg description and h~bendum. ' TO HAVE AND TO HOW the sbove described and yr~nted prcmises unto the said MORTGAGEE, i» suqesson ~nd auipns for~ver. Md th~ ~aid ` MORTGAGOR for their ~~n, exe{uton, sdministntws and auigra, hereby covenanri with tM said MORTGAGEE, its succeswn ~nd ~s~ipm, rF~at the,y are ~~ully seized of the said premif~s in fe~ wnple; tMt tlw sarrN ~n fr~e, clesr ~nd di~charped from all liero u~d ~ncum- brance~ in law w in puity. ~nd thst theV will ~nd their heia ~hall warranf and defend the titl~ to N~s s~m~ to tM ~sM MORTGAGEE, its svccesson snd auiyns, forever sqainst the lawfu! clairru and demsnds of all persons; PROVfDFD, ALWAYS that if the MORTGAGOR shall pay vnto tFK MORTGAGEE tM promiuwy ~ott her~inbefore dtscribed ~nd shall fruly, promptty and fully perform, d~xF?~rge, execvte, c«npkte, comply with ~nd ~bide by exh ~nd ~very the stipvlariorn, aqreementt, conditian and cov~nann of said promiuwy note ~nd of this Mutgage, then this Morfyapa and the Estate hereby veated shaH ceast and bt null and void. IT tS UNDERSTpOD that tke word "Mortp~gor" whether i~ tl+e i;r~ula~ a pl~?al inywhsre in tbis Mortpape, sMll be si~gular if on~ only and shall be plural joimly ~nd sevewUy if more tMn o~?e, and tMt the word "the'a" ~s u~ed anywher~ in tha Mwty~ shall b~ taken to me+n "his:• •'Mn•, w"ib;' wherever tF~e context w implip or adm;ts. Also, that wherever there is a refaenp in the covenants and prsements F~ertin confained fo any of th~ paties hereto, the s~ir» ahall be construed to me~n u welt as tht heirs, leysl npresentatives, wctssson and ~uqm (eitf~t volunury by act of tht parties u i~voluntary by operaYan of the law) of the same and that the covenann hsrein contairxJ shall bind ~nd ths bsnefih ~nd adv~ntp~s inw~ ~o the respcctiw hein, kyal represent~tives, :vcceswrs a~d au~~ro of the part;es hereta And uid Mwtyagors, fa thernselvp arx! their heirs, leyal repres~Matives, succts~as and assiyr?s, hereby jointly and sevaally cove~ant ~~d spr~e ro s~d with the wid N1pRTGAGEE, its s~cceuws and auiyra: 1. To pay all snd iirgular tM principal ard interest a~+d the various and ~undry sums of nwney p~y~bl~ by virtue of iaid promissory not~, and this ~::t.tt9+pe, each ~nd sv~sry, promprfy on ths dsys respectively tir ss,»s iev~rally bacort» dw. 2. To p~y al! ~nd ~i+gula the taxes, asHSSmenb. I~viss, liabilities, obliqatioes ~nd encwnbances of ewry narur~ ~nd kind ~ww oo sa;d described W~hY, a that hereaher m~y be ~nPos~d, suffered, plated. Iwied, or assessed thenon, or th~t her~aft~r mey be kv'~ed w+uessed upon thb Mwt~- a9e, o? tM indebtedneu ~ecured hereby ~ad~ and ~v~y, whsn due ~nd pay~ble, aaordinp to law, befo~~ they bacane delinquent, ~nd befor~ amr int~rat at~:cFxs w arry penalty is intvrred; ANO INSOFAR AS ANY THEREOF ISOf RKOR~ 7HE SAME SHAII 8E PROMPTLY SATISFIEO AND DISCHARGEO OF RECORD AND THE ORIGIPIAL OFfIC1Al L10CUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATtSfACTtON PAPER OfFIC1AlLY ENOORSED OR CfRTIF1ED) SHAII $E YLACE~ !N THE HANDS Of SAIp MpRTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; ~nd in the event that My thereof it not paid, sat"sfied and dixhuged said MORTGAGEE may at any time pay the same or ~ny paN thereof without w~iviny w affectir+p any option, lien, ~quity p •~qht under w by virtue of this mortgige and the full amount of eech and every wch payment ~luU be immediately dvs ind paysbk ind shall bear interqt ~rom the date thereof until paid at rate of nine per centum per ~nnum and the ~th wch intere~f shall be secured by the lien of th:• morgtape. ; ~ K~~3 PAGf2583 ~ - : - ~S a "'~"1 J 3.SC.1 -f . . i"S _ . . .