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Home My WebLink About0685 1J2~~~~ THIS INDENTURE. Mada the 24th day of ~ril , A.~. 19~Q, between _ Charles R. P. Browr~ and Jea?n M. Bro~vn, his wife, of St •~.ttC~Q ~~y~fy Flaida, I1f/QiMffH desgnared a~ the "MORTGAGOR;' and fIRST fEDERAI SAVINGS ANL~ IOAN ASSOCIATION OF FORT PIERCE, ~ corporat~o~ w~~nized and ex~~~ng unda tM Isw~ of the Un~ted Su~as of Ameriu and hevi~g its p?incip~l pl~c~ of buiineu in tM City of Fon p;erce, St. lucie Cou~ty, Flwida, her~in~fter deiip~~ted as tM "htiORTGAGEE." WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of ; 31 ~SQQ~~Q , good and Iawful money of the Un;ted Srates advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain ~omiuay ~ote of even date herew~th, of wh~ch the followinp in words and figures is a trw copy, lowit: = 31a500.00 16~290 Fwt Pierce, f!o?ids, Aaril 24~ 1970 Fa vatue received, 1, we w either of vs, promise to pay, wi•hout defalcsiion, to ~he order of FIRST fEDERAI SAVINGS AND LOAN ASSOCtATION OF FORT PtfRCf at Fort Pierce, Florida, the sum of = 31 ~ 500~ 00 with intereat irom date at the rate of ~a~9; per annum, in mon~hly install- ~:,enrs as fol!ows: =274.00 on the ~s,~lday of .111nQ , 19~_ •nd a 6ke sum on the corresponding day of each month the~e- a!rer unti~ the whole be fully paid. Each installment first shall be applied ;n payment of Ihe interest and then on the unpaid balance of rhe princ~pal 3um. !f defavlt is made in tha f~ayment of any insrallment when due, and such defauh tontinues 30 days, then at the option of the holder, and without any other notice, all the remai~ing ~„stallments shail be due and payable at once. Privilege is given to prepay fhis note in whole or in part at s~y time withoW penatty. Neifhet forebearance, nor acceptance by the holder thereof aiter any default in any psyments hereon, shalt be deemed extension. A late payment cherge of s~.a,ZQ aha!! be added to each installment rema+ning urtpaid 7 days after its dus.date,.and a like sum shall be added to each such installment remaining unpaid 7 days after each succeeding payment date. Each maker, sure~y and endorser hereof, jotntly and severa~ly, waives demand, presentment protesr and noiice of protest for nonpayment, and further agrees to any extension of time oi payment, either 4etore or aite~ matu~iry, without notice to any of us; and to pay all costs o: collettio~, including a reasonable atrorney's fee in the event"of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution ~::d laws of each State of the United States, as ayainst this obligation o~ my exfensie~ pr renewal hereof. Witness the hand a~! seal of each party_ S/ Charles R. P_ grnv~m (SEAL) ~?U S/ Jear~ M. Bzovm ~Au ~ $47.2S ) State Revenue ~s~ NOW, THEREFORE, ~he MORTGAGOR fw the purpose of securing payment of ssid sum of = 31 ~ 5~. Q~ and the pe~formance of tF~s covenants and agreements hereinafter expressed, and fot divers good 'and valuable conaide?ations, by theu prese~ts, dxs grant, barflain, se!!, remiu, retease, convey and confirm unio ti?e MORTGAGEE, its svcceasors and auigni, all that cert~in lot, piece or parcel of land, situate, lying, and 'Deing in ths County of SL. LuCiQ , and State of Florida, dewibed u follows: That part of Governnent Lot 4 of Section 15., Township 35 South, Range 40 Fast lying East of the east right of way line of FB+C Railway; bound on the East by the Indian Piver, on the South by a line located as folloas: From the SE corner of said Section 15~ run West along the South line of said section 404.15 feet to a point; thence through a deflection ta the right of 90 degrees, run northerly 1093.8? feet to a concrete manument situate in the east right of way liae of said F1~C Railway, and being Lhe point of beginning of the descriUed line; thence through a deflection to the right of 90 degrees run East 418.06 feet ~o a concrete monument on the West right of way line of SouLh Indian River Drive~ thenze continue East 122.47 feet~ more or Iess, to the waters of the Indian River and the end of the described line; and bound on the Itiazth by a~ine located as follows: Beginning at the Sfi corner of said Section 15, run k~est on the South iine of said section 443.30 feet to a point; thence throcigh a deflection to the ri.ght af 90 degrees run northerly 2242.53 feet to a concrete monument in Lhe Last right of way line of FfiC Railvvay~ saic3 monument being the point of bQ9inning of the within described line; thence through a deflection t~ the right of 40 deyzees 44 minutes 23 secor.ds run 369.83 feet to a concrete monument on the west right of way line of South Indian River Drive; thence continue along the same bearing11~43feet~ more or less, to the waters of the Indian River and the end nf the described line; TOGETHfiR t~tITH riparian r ights together with all and iingutar the tenements, hcreditammri ~nd spp~nf~nces thereunto belongirg or in artywist appertaining fhereto, and all ren», issues, pr«eeds and piof;fs accruing ~nd ro acave from said premise~, all of which ue included in the ~bov~ and fort9oing desuiption and habendum. TO HAVE AND TO lO the above dewibed and granted premises unto the said MORTCaAGEE, its suaesson snd aasiyrq iaever. Md tl+~ s~ld MORTGAGOR fw the~Y ~~~s, execv~ors, administrators and assigns, hereby covensnri with the said MORTGAGEE, ks successors and auip~u, ,r,a, _ they aze i,M,r~n x~Z~a or ,r~ .~~a y premises in fee ixnplr, tMt the s~ene ~re fre+, ckar ~nd ~schar~ed from ~II lierq and encurrr brances in law w in equity, and th~t th~'y wi11 and thell hei?s sha{I warranf ~nd defend the titl~ to the sartk fo tM pid MORTGAGfE, ifs succe:sors •nd auigns, forever ay:inst 1M lawful cl~ims and demands of all persons; PROVlDED, ALWAYS fhat if the MORTGAGOR shsll pay unlo ths MORTGAGEE the promissory note he?einbefore dewibed snd thall truly, p?omptly and fully perform, d~uharge, exec~te, compkte, comply with ~nd ab~de by e~ch and every the sHpubtia~s, sgreements, conditiorq snd covenants oi said promiswry note and of this Mbr~gsge, then this Mortyage and the F~tate hereby uested sfisll cease and be rtull and void. IT IS UNDERSTOOD that ti~e word "Mal~agor" whetFxr in the s~nyular or plural snywhete in this Matg~ye, shall be singular if one only ~nd shall be plural jointly ~nd severally if mwe tFun one, and th~! the word "their" ~s uud snywhere in ihis Matgays shall ba taken to mesn "his;' "hen," or "its;' wherever the context so implies w admifs. Atw, that wherever there is s reference in the tavrnants and igreemenb he?ein contsined to ~ny of rhe pa?ties hereto, the same shall be construed to mean as well ai the hei~s, lepal rtpresentatives, iucuswrs and ~uipni (either volunt~ry by ~ct of th~ parties or involuntary by operatwn of the Iaw) of the ssme and that the covensnts htrein comained ihsll bind ~nd the benefin ~nd sdva~tayss inwe eo the respective heirs, kga! repreuntatives, wctessors and au'gns of the panits hereto. And said AAorfgsgon, fw themselves ~nd their hein, leya) represent~tives, successon ~nd auigns, he~eby jointly ~nd severally coven~nt and syree ro and with the said MORTGAGEE, its successws and auipns: 1. To psy sll and singular the printipat snd iMereit ~nd the various and sundry svms of moaey pay~ble by virtue af t~id promissvey nofe, and tha mortgaye, each and every, promptly on ths days respectively tM s~me severally becom~ due. 2. To pay all and sugulsr the taxes, asessmenn, levies, liabilities, obliyations and e~cumbrancet of every nstwe and kind now on said deuribed property, pr thst F~eresfter may be imposed, suffered, placed, kvied, a assessed thereon, w tF~at hereafter may be kvied p ~sfessed ~pp~ this Mwtg- ege, or the indebtedneu secured hereby, each and every, when dve a~d payable. ~ccordirg to law, befwe they become delinquent, and befor~ aey imatst a+taches ot any penalty ii inturrcd; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROlV1PTlY SATlSFIED AND DISCHARGED OF RECORD AND THE ORIGINAL OFFICIAL OOCUMENT (SUCH AS, fOR INSTANCE, iHE iAX RECEIPT OR THE SATlSFACiION pAPER OFF1CIAllY ENDORSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAI~ MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is no1 paid, sat"sfied and discharged sa:d MORTGAGEE may st any time pay the same a any p~rt lhereof withovt waiving or af(tctiny any option, lien, equity or ~~aht under or by viriue of this mortgage and the full amount of each ind every such payment ah~ll be immediateiy due and p~yable and sMll be~~ interest s.om the date thereof until pa~d at rate of n~ne per centum per a~num and together w~th such inte~est shall be secured by the lien of th:~ mor9taqe. _ 8~~~ 184 PAGE , 685 . - ~ -