HomeMy WebLinkAbout1553 i932~~2 ~ /
THIS INDENTURE. Mad~ tlw_ ~ ~ th day of MA~C, A.O. 19
7~ ~ beMraa?
Dona2d R. Brow-n and Palma M. Broan, h~s xi°e
of ct ~Cf@ Cam1y flortd~, Mrtinafttt dtiipnated a~ ths "MORTGAGOR,° snd FiRST FEDERA~ SAVING$ AN~ IOAN
ASSOCIATION Of iORT PIERCE, a cwporation orp~nis~d ~nd ~xittiny u~d~? tM lews of ths Unitsd Stat~s of Mrwric~ ~nd hav:np iri priocipal plau of
busin~a in th~ Ciry of Fon PiKq, St. luci~ County, Flwida, haeinafl~? desip~atd as ti» "MORTGAGEE."
WHER?AS tM MORTGAGOR is jwtly ind~bt~d M th~ MORTGAGEE in tM:um of ~~~1 , yood and lawfvl monsy of the Unaed
States ~dvanced by ths MORTCiAGEE unto ths MORTGAGOR, ~i evid~~ced by a c~?tain promiuuy note of even date Mrewith, o( which ths iollow~np in
_~d;,s~.~es is a trw topY. t0-wit:
16,313 .
Fo.t Pis~c., f~o?rd,. MaY 1 1~ 19~~
Fo? value received, 1, we or ather of us, promFie fo pa , without dafalcation, to /M order of FIRST fEOERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCf at Fort Piacs, Flo?idi, the tum of with intereit from date at the rat~ of
8 1~• Q ~ per aru~vm, in moMhly install-
ments u fotlows: ;?2 an t1~s ~ 5t}1 day of JL1T18 19~~ ~~d a Gke sum on the cwrespondinp day of each month tharr
after until the whok be fully paid.
Each installrn~nt first shall 6e appl'ied in payment of tM inh~est snd then on ths unpaid balance of the prinupa! sum. If de(ault is made in the ~
payment of any installment when due, and such def~ult continues 30 days, then at the optiw~ of the ho~der, and without iny other aotice, al) ths remainin9
installmenb ihail be due and payabk at once. Privikg~ is given to prep~y thts note in whole w in psn at any tima without penalty. Neither forebearance,
nw acceptance by the holde? thereof after any defavlt in any payments hereon, sh~ll bs deemed extension, A late paymeM charge oi ~ 3• 60 thall b~
added M each ,imfallme~t remaining v~P.;d ~ d,ys aher m dw d•~s, and ~ like wm shall be added to each such installment remaining unpaid 7 dayt aher
each succeeding paymem date.
Eath make?. w~ety and endorser hareof, joiMly aod seve?ally, waives demand, prrsentmem protest and ~otice of proteit fw nonpayment, a~d further
agrees to any extensa~ of time oF payment, either bsfore a afta~ mafurity, without notice to any of vs; and to pay all cosh of coliMio~, includin~ a
reasonabk attorney's fee in the eveot of any defavh hereunder, and hereby severolly waives all benefit of homeslead ~nd exemption unde? the constitution
and laws of ead~ State of the U~ited States, as agairot this oblipation or ~ny extension w rcnewal hereof,
Witneu the hand and sesl of each party-
~ /s/ Dona:d R. Bro•an ~
(s~?U
/s/ Pa]r~a H. Broj,~-n ~
( 2 • ~ 5 ~ StaM Rev~nw ~U
(Stunps ta?~oeMefi wr erytrr.t noh)
NOW, THEREfORE, the MORTGAGOR for tM p~rrpos~ of secvrirg payment of said sum of = g~ and th~ performanc~ of th~
covenann ~nd apreemenn her~iMfta ~zpresxd. ~nd for diveri ~ood aod wluabl~ cauider~tans, by fF~ese preaeny, do~s ~rant, barpain, te11, remise.
relcase toRVey and conf'wm uMo ths MORTGAGEE, ib succeswn ~nd assiyns, ell tMt ca~tain (ot, piep ot pupl of land. situat~. IYinp. ~nd beinp in 1M
County of "5t' ~Cie ~nd St~t~ of Flwid~, dewib~d ~s fdlows: .
E
Lot B2ock 152, Unit 1 i, L~1KE3c~OD PARK SUBDIVIaIO?t, a:= per
plat thereof on file in P~at Book 11, pages 32A, B~ C, and D, _
o~ the Public P~ecords of St. Lucie County, Florida,Y
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togetMr with atl and singvlar ths tenemM+n, hereditamsnb and appurtanoes therevrrro belagirg or in anrwis~ ~ppatsirdrg th~n% w~d all renn, is~ws,
proceeds and profin •cuuiny and ro ~ccrue from ssid premi~a, ~II of whid~ are includ~d in tFw abov~ a~d for~oirg dacriptio~ and habn+d~n4
TO HAVE AND iO F~OLD tM ~bow descr~ed and yr~nted premises unto the s~id MORTGI~GEE, its wooeswrs ~nd assiyns forwer. AnJ tlw pId ~
M~RT /~GOR for th@1Z' fKin, exec~ton, sdminatr~tw~ ~nd ~asiqm. hKebY oownarHS with th~ s~id MORTGAGEE, its sucasson ~nd ~ssi~r, c
t}?st ~[1@y 32'6 lawfuly seiud of tM said pr~miia in fN simpbt th~t the aam~ an frN, clw and d"achsrp~d fran att liem and ~r
brencts in law w in puity, u~d that they will and th8~ h~irs ah~ll warrant and d~fend tFN tit1~ b th~ sam~ b tht pid
MORTGAGEE, i~s svcceasors and auiQro, faever ap+lmt tl~e lawfvl dairtes ~nd demand~ of all psrwrqs
FROVIDEC. A1WAY5 thst if tM MORTGIIGOR sh~tt pry unto the N10RtGl~GEE tlw p.omiaory aot~ Mr~inb~E«• d~ru;6ed ~nd shall uvly. P~~NN
and fully perform. disd+a?ye, execvt+, comPl~t~, comply with ~nd abid~ by Nch and every tM stip~rbtions. +preemenh, conditio~s and wvenants of said i
promis:ory not~ ~od of this Mort~ape, then thb AAortyay~ and the &tat~ her~by aated th~ll ws~ and be iwll and void. ?
IT IS UNDERSTOOD thaf fbe word ' Mwfp~por" wlwtiwr in tM sinyula o? plwal ~npwhK~ in Mis Morty~pe, ahdl b~ sirgubr if oM on'ry ~nd
shall b plurd iointly u~d sw~wlly if mor~ th~n on~, and tMt tM word "ti+eir' n uNd anywh~r~ in this Mortpap~ sh~ll be t~ken to me~n "F~h," "M~s,••
or "in,° wherever tl+~ co~tsxt w implia w ~dmin. Abo, tlu~ wherewr there fa + r~ferenc~ in the covenaus and s~resm~nb Mr~in ~taimd ro wry of
the puties here% tIK s~nw ahall b~ oonstnred b me~n u well as tl» h~irs, Ipsl r~pns~ntatives, succa:ors ~nd assipnt (eith~r v~olwnary by act of t!~
panies or involuntary by opKation of th~ Isw) of the s~rne and tI»t the covsrnnn Mr~a? oomaiewd sMtl bind ~nd thr bsn~fits ~nd advamayp frw~~
ro tl~e rsspsctiw hein, 1~1 r~presenutiws, waessors ~nd au~r?s of the puti« he?NO.
Md said Mortpsyws, for tl+em~efws ard th~i~ heirs. Ip+) r~pra~ntativ~s. sucus~ors and usiyrn, hereby iointly and s~vaally covN+~nt u~d apr~e
to ~nd with tM sa+d MORTGAGEE, ib wu~ssors and auiyru:
1. To p~y ~II and iugular tFk princip~l and intereq ~nd tF~t variow and wndry sumt oi rrwney paYabl~ by virtw af s~d prpnis~wy e~W~, and M~a
morrQape. ~h and ew~Y. Prornptly on tFw days r~apectiwy th~ sarm sw~raly b~cam dw.
2. To pay all and wrgul~r tM ux~s, ass~sunems. Iwie~, liabilities, oblg~tiau ~nd ~ncumb?~noa d wery natun and ki~d ~ww on ~aid duvib~d
ProP~Y, or fhat MrNffK m~y b~ i~npoNd, suffa~d, p~+ced, levid. or sx~ss~d ihenon, w that he~taftM may M(evid w assess~d upon fi~is Morf¢
sy~, a t?» indebt~rdr~ess wwred harsby, tach and ++~~?Y, wMn dw and p~y~bb, aaordirg to law, befan they becan~ delinquent, and b~fon any Mn~nst
ettuhes or arry penahy is incwred; ANO INSOFAR AS AN1f THEREOF IS OF RKORD THE SAME SHAtI dE PROMPTLY SATISf1ED AND ~ISCHARGEp OF
RECOR~ AND iHE ORIGINAL OFfIClAL OOCWMENT (St1CH AS, fOR iNSiANCE, THE TAX RECEIPT OR THE 5/1ilSFACTlON PAPER OFf1C1/1LLY ENDORSED
OR CERTtFIED) SHALL dE VLACED IN 1HE HAND6 OF SAtD 1NORTGAGEE WITHIN TEN DAYS NEXT 11FTER PAYMENTj ~nd ln tFw tv~nt that a?y tMreaf it nw
paid, s~t'ified and d~uMryed satd MORTGAGEE m+y ~t ~ny tim~ pay tl+~ s~me a ~~y parl th~reof witFa~t w~'ninp or ~ffectieq amr optan. It~n, equity or
•tpht wwk~ or by vinue of thi~ mo?tyape and the full arrw~nt o! e~ch u~d every wch prymenf shall be imnkd'ut~ty dve ~nd p~y~bb ~nd sl+all bear inta~st
~.om the date ther~of tmtil p~id ~t ratr of ~i~e per untum per anrwm ~nd toyether with wch iMpest ~MII b~ wcw~d by :l:r lien of th:s morptap~.
g K~.84 ~~5~
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