HomeMy WebLinkAbout0716 . 1~2684
TMIS INDENTURE, Mad~ the 2ath day of Aprl j A.D. 19 7O betweer?
_ Morris S. Drawdy and Josephine I.. Drawdy, his wife
of St. Lucie ~ County Flo~ids, ht~einaflN deiignated ss 1FN "MORTGAGOR," and FIRST FEDERAt SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, a corpaatan oryanised ~nd sxistirg unda th~ lawt of the Unit~d Sut~s of Amerit~ ind having its pr~ncipai pl~ce of
busineu in tM Ciry of Fon Pi~ic~, St. L~cis County, Fforida, hereinaft~r daiynated ai 1h~ "MORTGAGEE."
13 400 00
WHEREAS t!a MORTGAGOR a~vatly +nde6fsd ro~M MORTGAGEE in the sum of : + • , pood and lawful money of ~he Un~ted
~ States advanced by the MpRiGAGEE vnto the MORTGAGOR, as evidenced by a cerlain promiuory note of evcn date herewi~h, of wh~ch the following in
words and figures is a tr~e copy, to-wih
= 13, 400 . 04 ~ 16 , 2 Sb
~ ~o?~ P;e,~•. F~o.;d,. APril 24 19 70
For vslus ~eteived, 1, we w either of us, prom~se to pay, without defalcation, to fhe order of FIRST FEDERAI SAVINGS AN~ IOAN ASSOCIATION OF
~ FORT PIERCE at Fo~t Pierce, Fbrids, the sum of j 13 ~ 4~0 with interest from date ~t the rate of 8• 7~ per annum, in mo~thly install-
ments as fol!ows: = 119 .00 15th da of `J~e 19 7O and a I~ke sum on the c«r ~
\ y esponJ~ny day of eatl montt~ therr
~ after ~+ntil the whote be fully paid.
~ Each installment first shalt be applied in paymenf of the interest and then on the unpaid balance of Ihe printipal Wm. 1~ deftult is matk in 1he
` payment of any installment when due, and such default contiouci 30 days, then at 1he option of the holder, and without any orhe~ notice, all the rcmaining
~nsrallments shall be due and payable at once. Privileye is yiv~~ fo prep~y this note in whole or in part at any time withovt penalty. Neither forebearance.
`c nor acceptance by the hoider thcreof after a~y defautt in any psyments he~eon, shall be deemed eatension. A late paymcnt chu9~ of = 5•95 sMll be
? added to each installmen~ remaining unpa~d 7 days aftH its dw date, ~~?d a tike sum ahall be added to each such installment ?srrNin:ry unpaid 7 days aftK
~ aach s~cceedi~g payment date.
. Each maker, surety and endorser hereof, jointly and uverally, waives demand, presentment protest and notice of p~otest for nonpayment, and further
~ agrecy to a~y ex?ension of time of payment, eithe? betore or after maturity, without notice to any of us; and to pay all costs of collenion, including a
y~` reasonable atto~ney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution i
a~~d laws of each State of the United States, as aqainst this obl;gafio~ w iny extension or renewal hereof. ?
` Witness the hand and ual of each pany.
\
/s/ Morris S. Drawdy
~ (Seaq ~
` /s/ Josephine L. Drawdy ~U
~ ( 20.1~ ) State Revenw ~U
_ -tbrea~p~ saeeelled ~on beigirwF nole}
• NQW, THEREFORE, the MORTGAGOR for the r 13 '4~
pu pose of securing payment of said wm of S ~ . ~nd the pc?formance of ths
covenanb and agreemcnts hereinafter expressed, snd fo~ divers yood and valwble considerations, by thess presents, does grant, bargain, sefl, remise,
release, coovey and confirm unto the MORTGAGEE, in successors ~nd assiyns, dt that certain lot, piece or pucel of land, situate, lying, and being in the
Covnty of St . Lu~ i e and S~ate of Florida, de~cribed as follows:
;
The East 30 feet of Lot 6 arrl tne '.~'est 40 feet
of Lot Block 3, riARAVILLA_ PARK SUBDIVISION,
• i
as per plat thereof on file in Plat Book 5,
Page 13 of the public records of St. Lucie
County, Floric:a, ~
G
~,`~~,~,.q c~~- IH PAYMENT Of TAXES
r..- i•; 'C' I?ITA~:G!B!.E PE'SCNAL P'0?ERjY,
w S{~~ 1~~' t~., P. 0 CF':?T_R 20i2:. ACiS Of 1}11.
_ E-}- DOCUM~NTA~~~ l.. i~ `:.1~ ^ frl~::'.s', C#eric ~ircu~t Court
z _ _ _ ~~T..i•,f T.~,( ~
~ ` Y - ` . ~
~ = G'rR2;~7~ ~4 - - ~ _ 1!.; ` f+r C';r'(. L N. KhCWlES, 1R
c.~ v - 2 Q ~ 0_ _:i ~:u t/ Tax Cailcctor
CCMP7pCiLER~~ ' ` .
P.B. ~ ao ~ 3a ~
~ DEPUTY C1-ERK
togett~er with all snd sengvlar rhe trnemenb, hereditsments and ~ppu?qnces ihaeunto belongirg or in ~nywis~ appertain'ug thereto, and ~II renri, iuws.
proceeds and profib acuuing and to accrue from said premises, sll of wFiKh are irKl~dsd in the abov~ and fwpoiny description ~nd h+bendum. '
TO HAVE AND TO HQLQ the sbove desaibed ~nd granted premises ~MO the seid MORTGAGEE, its svocessas snd ~uipns forevar. Md th~ said
M~RTGAGOR fw their ~~rs, executws, adminisfrstors and auigns, hereby co~.ensan with the said MORiG/IGEE, in successon and a~sEpro, -
fhat thQ~ ar P_ ~awfully teiud of tM said premises in fs~ sim le; tMt t1u same ~re fr~a, clsrr and disch~r
P ged fran sll liera and ~ncvm~
br~nces in Isw w in eqvity, snd that they W~ry thei r ~p~ y~l1 w~rrint ard defend the titl~ to ths saer» to tM s~id
MORiGAGEE, its successors and suigra, forever a9sinst the lawfvl claims and demsndi of all perwro;
PROVIDED, AlWAYS that if the NIORTGAGOR shsll pay unto the MORTGAGEE the promissory note hereinbefwe desaibed and shall truly, promptly
and futly perform, diuMrge, execute, compl~te, comply with and abide by each end every the ttipulations, a9~eaments, ~tiw?s ind tovenann of ssid -
promi~sory note and of this Mortgape, then this Mongsge and tha Estate hsreby aeated shall uase and b~ rwtl ~nd void.
IT IS UN~ERSTOOD tMt the word "MortgsQor" whether in the sirgutar or plurd snywhere io this Martgspe, ihall be sinpvln if one only s~d =
shall be plur~l joimly and sever~lly if more than one, and that the word "'their" as uied +nywhere in tha Mort9spe shall M taken to mean "his,•• „iie~s; ,
or "its; ' wF~erever the tor~text so implies or idmifs. Alw, tMt wherever there is • reference, rhe corenann and ~yraeme~n here~n oom.i~ed to ar+y of
fhe part~es hereto, the s~me ahall be construed to mea~ ss well as the hein, fey~l re~xesentativa, successon snd auiqns (either vo(untary by acf of ti»
Rarties a involuntary by operation of the faw) of the same ~nd that the covenann Frciein conrained shsll bind and the benefib and advantaQp i~w~
to the respedive heat, kgal repreient~tives, succtuors and au~yru of the psnas hsreto. .
Md ssid Mortgagon, for themselves u~d their hein, le~al representativa, successon ~nd assiyns. Ixreby jointly and fever~lly covenant and ~yree
to and with the said NWRTGAGEE, its succesaas and ~uiqns:
1. To p~y alt ~nd sinputu tM pri~cipal ~nd interest and tF~e variovi and wndry wms of moneY p~Yable by virtve of said promiswry note. ~nd this
mortgape, e+ch ~nd ~very, promptly a+ the days respectivsly the sarr~ s~v~rally becane due.
2. To pay all ~nd sirgular tM taxes. ~s~assmsnn. levies, liabilities, obli9atio~s and encwnbrances of every n~tur~ ~nd kind now on said described
property. w that hereahe~ may b~ imposed, wffered, placed, tevi~d, or asessed thereon, a that }~ereaha m~y be kvied or usessed upon tha Mort~- ?
age, w tl+s indebtadnest secured her~by, e+ch ~nd ~very, when due and pay~ble. ~awdirg ro law, before they becan~ deiinqueot, and befor~ any interNt
anaches o~ any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII dE PROAMTIY SATISf1E0 AND DISCHAR('aED OF
RECORD AND THE ORtGI1vAl OFfIC1Al DOCUMENi (SUCH AS, fOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENOORSED
OR CERTIfIED) SHAII 6E PUCED IN THE HANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that ~ny thereof is nw
paid, sst'~fied ~nd distharged sa:d MORTGAGEE may at any time psy the tame or any part fhe~eof wifhovt wsiving w•flMirg ~ny option. 1'~en, equiry a
~~qht under or by rirtve of this mortgaye and the full amount of each and every s~ch payment sMll be immediateiy due a~d psyabk ~nd sFull bear interest
<<om the date thereof ~ntil paid at rate of nine per centum per an~um and toyether w~th ivch ' t eit shatl be secur~d by ~he lien o~ th:s mwytaye.
BOO~f ~~4 PACF
. ~~U