HomeMy WebLinkAbout0412 , ~92451
. 7
THIS INDENTURE, Mad~ th~ 17th day of Apr i 2 _~.p~ i9
70 betwee+~ j
_ fiddie Sheff ield and Jonnie Mae Sheffield. his wife ;
of St . Lucie Cq~~ty Flaida, he~~inafter desig++ated as ths "MORTGAGOR;' snd FIRST FEDERAI SAVINGS ANp IOAN
ASSOCIATION OF fORT PiERCE, a cwporation or~anized ~nd exisrinp u~da th~ bws of tl+~ United Sutq of Jlmefiu and Mvk+p iri praxipal pl~p of
busineu in tM City of Fort PiKU, St. l~cw County, Florid+, F?H~uuitK desgns~ed ~s tM "MORTGAGEE."
VYHEREAS th~ MORTGAGOR is jwtly indebt~d to ths MWRiGAGfE in the sum of i 12 ~ S~ pood and lawful mo~ey of the Un~ted ;
States advanted by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promiuoty note of even dats he~swith, of which ths foilowinp in
words and figures i: a frw copy, to-wit:
= 12 , SOO. 00 16 , 276
P~,« ~b,~~ Apr i 1 17 19 70
For va!ue received, t, ws w eithrr of ~s, promiss to pay, without defalca~ion, to the wdcr af FIRST F'cDERAI SAVINGS AND IOAN ASSOCIATION Of
FORT PIfRCE af Forf Pierte, Fbrida, fhe sum of s 12 ~ 500• ~ w;~h inte~est irom date at the rata o# 8• 5 96 pe~ annum, in monthly install-
ments a~ follows: Z l~• ~ on the 15t}~ ~y of ALlQLiSt ~~q70 ~;ke ium on the cwrespondirg day o~ each month therr
after u~til the whole be fully paid.
Each installment first sfiall be ipplied in p~ymeM of the interest and thcn on the unpaid baiance of the prirttipal sum. If defsult is made in the
payment of any installment wl+en dve, and sucl~ defauh continues 30 days, the~? at the optia? of the holder, and witFwut any otFKt notice, all the rem~ini~?g
~nstaltments shali be due and payabk at once, Priviltge is yive~ fo prepay this note in whole w in pa~l at any time without pen~lry. Neither forebearance,
nor acceptance by the holdr thereof after sny default in a~y payments hereon, ihall be deamed extensio~. A tate payment charga of s•~" shall bs
added to each ins~allment rema+nirg uopaid 7 days aftsr i1s du~ date, and a iike sum shall be added to eath such installment ramainirg unpaid 7 days after ~
each sutceeding payment date. ,
Each maker, surety and endorser hereof, jointly and severslly, waives demand, presentme~t protest and notice of protest for nonpayment, and further
a9rees to any extension of t~me oi paymenr, either before or after matwity, without notice to any of us; and to pay all costs of collection, includiny a
reasonable attorney's fee in the event of any default hereunde~, and hereby severally waives all benefit of homestead and exemplion under the constitutan
and laws of each State of the United States, as agairtst this obligation w any sxte~sion or rertewal hereof.
Witness the hand and iesl of each party.
/s/ Eddie Sheffield ~U
(s~?U
/s! Jonnie 1?fae_ Sheffield ~
~ $18 • 7 $ ) Stah Revenw (~u
)
N01N, THEREFORE, the MORTGAGOR fw the purpose of uc~ring payment of ssid wm of S 12 ~ SOO , and the
performance of tM
covena~~s ~nd ag~eerrKnts hsreinsfter expresud, and for diven 9ood and vslwbl~ tonside~+tions, by theae presents, does QnM, bs~ysin, sell, remix,
release, tonwy and confirm anto tl~e MORTGAGEE, in avttessws and astigns, sU thst cart~in bt, piect ot pucel of land, situate, lying, and beitg in ths
~~ryy ~ St . LUCle , and State of Florida, described +s folbwi:
Lot l, Block 2~ PARADISE PARK SUBDIVISION, as per plat
thezeof recorded in Plat Book 8~ page 17~ f'ublic Records
of St.~1Lucie County, Flarida~ ?
~f~ ~
P._,._ k:., ~
,~n $c~?!~c~l _ IN PA~MENT Of TAXES
W~„ of ~ C'!E r~1~; 'C' INTAP~.^•tEIC PERSGNAL PROPERiY~
5'It~~~ t 1-LUF-iIL~A
v~..- DOCUMENTAp~STNt~P TA;( P` A~~s CF 19M1.
`J ~ QPR21'7~`~ca, !~i ~ ~~l, i t:~:. Is:i. C~ET~f ~.i(CUit COJf~
~ , ~ s~~.. , -
~ x~?~~.~t f,^.~ G~f!!'L H. i'r~GYlLCS, lf;
N ~ = 18 75=
COAtpTROtLER ~
P.B.194138 --°co~~~r ~ ~t "+c u:.tp x CoileCtOt
~ gy 4~C=/ ~QZ-,l~-~~ 3
DEPUTY CLERK ~
~
7
together with all snd singular tf+e tenen?enb, henditamenb ~~?d +ppurturces thereunro belagirg or In anywris~ appertainirg tFier~to, and all r~nri, issues„ ~
proceeds and profin scauinQ ~nd to accrvs from s~id premises, aIl of wFiKh u~ included in the above and faepoinp d~stription snd habend~+m. ~
TO HAVE AND TO HQLD the ~bow described and 9r~nted premises unto tht pid MORT('sAGEE, ib sutcestors ~nd assip~s forever. Md t!» a~id !
MORTGAGOR for the~r ~;~s, executon, ~dminwtraton and ~ssigns, ixreby cove~sn» with the ssid MORTGAGEE, in waeuws and ~ssipr», ~
rhat they ~Ie ~ulf seized of ttK w~d 4
Y pr~mis~s in fee simple; that tM sarn~ ar~ fne, clear and discharped f~om all tieeq a~d entv~ .
brancra in law or in equity, and that they w~~~ their ~~n w~rrant snd dffea~d th~ ~itlt b the samt !o fM sald ~
MORiGAGEE, in succeswn and auipra, f~wer aQaimt the Iswful cl+ims,and demands of all perwro; _
PROVIDED, ALWAY3 tM! if the MOR7GAGOR ahall p~y unro tl~e MORTGAGEE tM promiswry not~ I~ere'u~befwe dewibed and shall truly, promptly ?
and fully perform, d~sd?arge, execute, comptete, comply with ~nd ab:de by each ~++d w~ryr tM stipulations, apreements, conditions and coven~nts of said ;
promhsory note and oi this Mortys9e, then this 1Nortyaye and !he Estate. hereby aeated ahall ceas~ and b~ null and void. ~
tT IS UNDfRSTOOD thst the word "Nlortgspw" whether i~ tM singular or plur~l anywMre in this Mat9ay~, aFNll be si~ulu if one only ~nd
shall be plural jointly and sever~lly if mwe th~n one, u+d that tM word "their" u used ~nywhere in this N1ort~~g~ shall bs tsken to mtsn "h'a,•••'fKn;•
or "i»;' whereve~ tM context w impli~ or admits, Also, that whersva there is ~ refNenca In ti» coven+nn end ~reeme~b herein oonbimd to any of i
the p~rties herefo, the same shall be construed to mean as well as th~ heirs, ky~l npssentativet, s~ccesson and auigro (tither voluntary by ~ct of th~ i
psrties or involuntary by operation of the law) of ti~e ssme and that the covensnb her~in conta~ned shall bind ~nd the benafit~ atid advantaQ~a &wn -
to tha ~~specrive he'ua. Is9al rep~esenfat;vss, successors snd au?ym of the pnties hefeto.~
Md said Matgagors, fw ri+emselves and their hein, Isq~l ~epresematiws, waes~on and astiipro, Fwr~by jointly u~d severdly oovenant ~nd apr~e
to and with the s+id MORTGAGEf. As s~ccesson a~d asigns: -
1. To pay all aod sir+gular tF~e principal snd interest and tfx v~riovs +~nd sundry wms ot mooey paYabl~ b~/ vl~hit of said pomiatwy noh, and this
morryaye, exh and ~vsry, promptly on ~h. d•ys re~pectively IFn ixn~ ~ev~ratly becoem dw. .
2. To pay dl and a'N+gvls~ the taxes, auesuna+a, kvie~, liabiliti~s. Obli~ifiOM alld lfKYrtlbtifltlf Of lvtfy Mf1N~ and kir?d now oe said d~wib~d
Prope?hr, a fhat hereaNer may b~ anpw~d, wffsnd, p~+ted. 1~ried, a w~ssed thtr~on, w tMt 1+K~afta may b~. kvied or atseued upon ti~ts MwtQ-
s9e, or tiie indebt~dness ~ecured hsreby, sach and ~vary, wl+en dw ~nd pay+bM. ~ocadin~ to law, before tl+ey becom~ delinQuent, and bsfore uiy int~nst
attaches or sny penalry i~ incurred; AND INSOFAR AS ANY iHEREOf IS Of RKORO THE SAME SHAII 6E PROMPTLY SATISf1ED AND DISCFIARGEp OF
RECORD AND THE ORIGINAL OFFICIAI DOCUMENi (SUCH AS, FOR INSTANCE, THf iAX RECElPT OR THE SATISfACT10N PMER OFfIC1AtLY ENDORSED
OR CERTIFIfD) SHAII BE PLACED IN THE HAt~pS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT /1FTER PAYMENT; ar+d in the event tFut ~ny N~ereof is not
paid, sat"sfied snd discharged ia;d MORTGAGEE may at any time p~y the same a any p~rt thereof withotrt waiviny or ~ffectiny sny option, liert, pviry or
•iphr under w by cirtw of th~s morryage and rhe fu11 amount of each ~nd every ~uch paymeM sMll be immcdiately dve and payabk and fhall bear intaat
~.om the date ihereof until paid sr rate of n~ne per cenrvm pe. i ether w~~h wch inra~sr shall be sccwed by the f'~en of th:s mwqrye.
.~~~rcnc~~.~~ ~cE 4~
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