HomeMy WebLinkAbout0410 1~2450
THIS INOENTURE, IN~d~ th~ 17th d,y of April /1.0. 19
TO
_ betw~en
Richard O. Hedrick and Peggy w. Hedrick, his wife -
af $t. I.ucie Cp~~~y ftorida, Mreinaft~r d~signated as the "MORTGAGOR;' snd FIRST fE~ERAI SAVINGS AND IOAN
A$$pt1ATION OF fORT PIERCE, • cwpaation a9a~izsd and exi~~irp ~nda IM laws of the United Stat~s of America and Mvinp ib princip~l plat~ of
\t businets i~ ths Ciry of Fort Piera. St. l~ci~ County, fbrida, herou+ift~r desipnated ~s th~ "MORTGAGEE."
WNEREAS Ihe MORTGAGOR is rystly ind~bted ro ths MORTGAGEE i~ the sum of : 15~...~~Q good and Iawful money of the Un~ted
States advarxed by ths MORiGAGEE unto ths MORTGAGOR, as evidenced by a certain promissary not~ of even date herewith, of wh~ch the fol~owing in
~ words and figuret is ~ trw copy, to-wit: .
' s 15,OOU.00 16,277 . j
t~ ~ p~. F~~. April 1T ~~y 70
Fw value received, I, we or ei~her of us, omise to
pr pay, withovt defalcation, fo 1he order of FIRST FEDEIL1l
ASAVINGS AND IOAN ASSOCIATION OF
FORT PtERCE at fort Pierce, Florida, the sum of = 1>> with interest trom date at the rate oT' • S 'do pe~ annum, ie? montt~ly install-
~ ments at fo!!owt: S 131 on tF?e 1 Stt1 day of ~~1Q1.1s t , 19~_ ae~d a like wm o~ the corresponding d~y o! eaci~ month therr
~ after un~il the wbole be fully psid.
y Each installment first sAall be applied in payment of ths interest and then on the unpaid balance oi the prErxipa's v~r. If defav.t Is .nade In ths
payment of any i~staltme~t when due, aed such default continues 30 days, theo at the option of the hotder, and without sny other nutice, all ~he rameininp
~i ~~statlmems sMll be due and payable at once. P~ivilcye is give~ to prep+y this note in whole or in part at a~y time wifhout perNlty. Meither forebesrance,
~ nor acceptance by the holder thereof after sny default i~ sny payments hereon, shall be deemed extension. A late paymcnt charpa of • 5~ sFw!! be
added to each insraltment remaining vnpaid J days afte~ its dw dafe, and • like sum shall be added lo each such i~stallment rem~in~np ~npaid 7 days ~fter
each tucceeding payment date.
~ Each maker, surety and endorser hereof, jointly and uver~lly, wsives demand, presentment protest and notice of protest for nonpayment, and furthe~
agrees to any extensan of tims of payment, either before or afrer maturity, withouf no>;ce to any of us; and to pay all costs of collectio~, includ~ny a
~ reasonable attorney's fee ;n the event of any default hereu~der, and hereby severally waives all benefit of homestead and exemption under the con~tituYan
~ and laws of each State of the United States, as against this obligatiqn a any ex~ensio~ w renewal hereof.
Witness the hand and seal of each party.
~ /s/ Richard O. Hedzick ~U
~
cs~?u
s Peggy W. Hedrick
(s~?U
c 22 • 50 ~ srars R•v~r?w
NOW, THEREfORE, the MORTGAGOR for the purpose of secu~ing p~yment of ssid sum of t 15~~0•~ and the performance of tM
covenann and ag~eemems hereinaher expressed, er?d for divers good and v~lwb!! considerations, by tf~ese p?esents, does yrent, bargain, seIl, remise,
release, ca~vey and tonfirm unto ths MORTGAGEF, iri suctessors and sssigna, ~II that tatain lot, piece or puql of I~nd, situate, lyirg, s~ being in the
Cwnty of S t. L uc i e , and State of Florida, de~cribed ~s follaws:
L.ot 11', B2ock 266, POFZT ST~ LUCIE, SECTION 24,
as per plat thereof on file in Plat Book 13,
Page 31B of the public records of St. Lucie
County, Florida,~
G~
w ~ P.ECE~'~ p---- IN PA'!NENT Of TAXES
~ I~ I~ UF I' L LJ j j.,~-~ D'JE C;: ^L1: $'C' lNTAti^:.^.lE FE`.'.S: K4L PE~OPERTY.
~ z DOCUMENTA~~~ PC:_S~kt~: ZO C~.APT'R <i•12~5, ACiS CF 1941.
~5i/if`~iP ;H••
o _ 11~R2~~79 i f.~G- ~ N~t:; i;S. Ctetk Circu;t Ceurt
1- V = _ ,
COM?7ROLLER ~ as k;~~.', i;,r C4Nl~! N. F:f~GWLES. 1R
z2J0~
P3.~Qnaas ~_a;~;______~~ SL tucie Cou~t~r iaz fa~lcctor
~ BY /~~Oz-~C.L-~
D~ttr ctERK
together with all and singular the teeKme~n. her~dit~menb a~+d appvrtances thsreunto belaginp or in ~nywitt apperfaininp ther~fo, and ~N rents, istws,
proceed~ and p?ofits accru;?+y ind ~o accrw from said premiies, all of whid~ are included in the abov~ and fora~oiny dewiption ~i+d Mbendum.
TO FiAVE AND TO rOLD the sbove dexribed a~d yr~nted premiscs unto tM s~id MORTGAGEE, its suaessas and ~uipns forever. Md th~ said
MORTGAGOR for their ~;n, execvton, administraton and assigns, hereby coveresnn with the said MORTGAGEE, its succeswn and ~ssiynf,
that t~Y arQ lawfully ~eized of the said p?emis~s in fe~ i
dnple; that th~ same ~?e fre~, ck~r and discharped from all liem u~d ~ncwn-
brancss in law w in eq~ity, and that th~ will and ~leir heirs shall warraM and defend tM titk to ths s~rtw ro tlw said
MORTGAGEE, its successon :nd auiyro, foreve~ aysi~ut the lawful claima and demands of all pcrwro;
PROVlDED, ALWAYS ti»t if fh~ MORTGAGOR sMll pay unto the NIORTGAGEE tik promiuwy note hereinbefue dewibed end thall trvly, promptly
arx! fully perfwm, discharge, execvfe, complett, complY wilh a~d abide by ~acF~ and ~vtry the stipulations, ay~eemenis, conditions and tovenanta of said
promi:wry note snd of this AAortpape, then this Mortysye and the Estate hereby veated shall ce~s~ ~nd be null and void.
IT iS UNDERSTO~D that the wad "JMortgaQo~' whether ~n the sinyvlar a plursl anywher~ i~ this Mortyap~, shall be sinpular if on~ only and
shall b~ ptural jointly ~nd severally if more ttun one, snd tMt the wwd "their" as v~ed anywh~re i~ this Monysy~ shall be taken to mssn "his,'• ••h~rs,••
or "iri;' whenver the context so implies w sdmits. Aiso, th~t wherever there is a r~feience In the covenants snd aQreemenb Ixrtin cor?t~in~d to ~ny of
~h~ p~rties hereto, the same shall bs constrved to en~~n as well u tM I~ein, ley~l ~eu~t~tives, svocesson and ~uip~ (either voluntary by sct of th~
parties a involv~tary by ope~atan of 1F?e law) of the same u~d that the coven+~b herein comsinsd shatl bind and ths benefin a+d adv~nt~yes hwx~
to tMe resp~ctiw f~sirs, 1e9a1 represenra?iva, aucces~ws and ass?pns of rl~e puti~s l+aeto.
And said AAortpapws, for themselves snd their heirs, kgal represeMativss, succ~asors and auipru, hereby jointly and severally co+r~nant and ayne ~
to and with the said MORTGAGEE, its successon and assiym: ~
1. To psy dl ud sing~lar th~ princip~l a~d interest and tht vir'w~s and sur~dry wms of mo~ey p~Y~bte b virtw of said ?
mortpape, ssch ~ind svery, promptly on ti+e days rqpecfively th~ tam~ tev~rdly becan~ due. Y a°^'i~Y ^~t, and this
2 To psy ~11 and sinyvlsr the taxe~, asaesu~ents. Iwiq, liabiliti~s, obligetiorq and N+cumbranas of ~vsry natwe and kind naw on said desu~ed
P+up~?b, a that hereaNer m~Y be im~wsed, svffend, placed, bvied. or ~sHSSSd tMr~on, or that her~after m~y b~ tevied or ~ssessed upvn this Mwf~ ;
s~, a ths indebtadness secured kereby, tacA and ~vwr, wF~re dve and p~Y+bl~ aaordirg ro I~w, befw~ they bcc«m dtlinqwnt, snd b~fw~ any im~ns~ i
attaches a any penslty is incvrred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHAII 6E PROMPTLY SATISFIED AND DISCHARGED OF
RKORO AND THE ORIGINAL OFFICIAI DOCUMENT (SUCH /l5, fOR INSTANCE, THE Tl1X RKfiPT OR THE SAilSfACT10N PAFFR OFFItlAIIY FNDOItSfD
OR CERi1F1ED) SMAtt BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NFXT AFiER PAYMENT; and in the event 1Mt ~ny Thereof i~ not
paid, sat'sfied a~d discharged sa:d NWRIGAGEE may at any time pay the same or sny part thereof without waiving w affeainp amr optan. (ie~, eqvity or
~~qht under w by virfue of this mortgsge and ths fvll amovnt of uch +nd everyr such p~yrrwnt ahall bs irtunediately d~e a~d payabk ~rx! shsll beu interest
Fr«n the date thereof until paid at rate of ~ine per tent~m per annum • 7~'~ th s~?ch int s s 11 be setured by the lien of th:s morqtap~.
6~40K10~ !'AGE
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