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THIS INDENTURE, N4d~ The 4Lh ~y pf ~]une A.D. 19..Z~Q_-. bttwe«+
Franklin L. Elg.in and Wanda 5. Elgin, his wife
of St . L%uC18 Cou~fy florida, hereinalter dee+gne:eJ os the "MORTvA3CR," and FIRSi FEDERAL SAVINGS ANp IOAN
ASSOCIATION OF FORT PIERCE, ~ torpwation agaoi:ed a~d ex~+~~ny under the laavs of the Unned Sta~QS of America and havir~ ils princip~l pl~ af
busiMU {n th~ City of For1 P~erce, St. tucis County, fiorida, hereinafte~ des~gnated as ~f~e "MORiGAGEE." ~
WHEREAS 1Fis MORTGAGOR is justly i~debted ~o the htORiG.dGEf in the w~n cf S- 1~--s0~_-+-~ good and ~awful money of Ihr Uo~ted ~
Sqfp ad~anted by /ha ML~RTGAGEE unto the Mt)RTGAGOR, as eY~dc~,:_d by a cen~.~, prom~sso+y nott of even date he~ew~th, of wh~ch the tollowiny in ~
words and fipu+et a a trw copy, to-wii: , ~ i
t~5, 000: 00 16, 347
ron r;t«e. F~a~da. June 4- 19 70 ~
ip v~lus received, 1, w~ or tither of us, promise to pay, without defatc~t:on, to ~he order of FIkST FEDERAL SAVINGS AND LOAN ASSOCIATION OF !
fORT PIERCE af Fwt Pierce, Fbrida, ~iu sum of S~S • 0~' ~ ~ with i~'e~est from ~ate at thc rate o1g 7S .ao Rer annum, in monfhly instalb
rtNaia-u follows: = 1~2 on ~he 15th day of Se,ptember , 19 Z~ and a lilt sum ~on the correspond~ng day of each month there- ?
aftet ~ntil the whole be fully pacd, i
~ath instaliment first shall be appGed in payment of the inrerest and rnen on +i~e ~~:paid balance ot the p~incpnl sum. If dzfauh is made in the ~
payn+ent of eny installment wben due, and suth dafault comi~ues 30 djys, then at the oE:~~on of the ho~der, and :v~thout any other notice, all the remaining
imtallmtnts shalt be due and payable at once. Privilege is g~ven to p:epay th~s nore ir, wholE or in part at any t~~ne without penalty. Neither fwebea~ante,
nw atceptance by the holde~ thereof after any default in any payments hPreon. ihall be deerned ext.ansioa A fata payment charge of S 7•
1O shall 6e
'added to each instaltment remaining unpaid 7 days after its due date, and a L~e s~~n sha:l k;e added to e3ch wch ~nstaitment rema~ning unpaid 7 days afte~
eath suctetdir.g payment date. '
Eath maker, wrety and endorser hereof, ;o~ntly and sev_ra!ly, Ka~ves dr>+a~d. p~c,_ .~,m pt~t_~s! and noifce of protesr far rtonpayment, and furfhet
agraes to srry ext4ns+on of time of payment, eithrr befo:e or .~her marur;ty, ~ti::nour cc+ke to a^; qf us, and ro pa/ a!! tosfs of colleaion, intluding a
reasonable altorney's fee in the eveo~ of any defautt hereu~~der, and 'nerz6y s~.••_•a~iy .~.,,~.zs a~l be, <f:r of homestead and exemption u~der tF+e consfitution
and laws of eath State of the United Statzs, as aya:nst this obGgat~on or any rx!ens~an. or re~~ewal hereoi.
Witness 1Fx hand and seal of each _ party. _ ~
, /s/ Franklin L. Elgin ~y
. cs~?u
1s/ Wanda S. Elain ~q
$22 . 50 ' ~
~ ~ State Revenue . ' •
1
NOW, iHEREfORE, the MORTGAGOR f~ the purpose of securing paymer+t of ea~d sum of S 15• ~0• ~ snd tlx performa~ce of t4~s
cova~anb and agreements hereinafter expressed, and fo~ divers good ~nd vafuabte conside?ations, by these presents, does granf, bargain, sell, remise,
~ release, oonwy and confirm unto the MORTGAGEE, its svccessors and assigns, atl that ce<<ain lot, piece u parcel of land, situate, lying, and beiry ln the
Covnty o# $t . L»e~ e and State of F{wida, desvibed as follows:
- Begin at the Southwest corner of the NE~ of the NW4 of
the NW 4 of Section 20, Township 35 South, Range 40
` East; thence run North 25 feet to a point; thence turn
and run fiast 165 feet to the point of beginning; thence
. turn and run North 156.67 feet to a poirit; thence turn
; . and run Fast 50 feet to a point; thence turn and run
+ _ S~outh 156.67 feet to a_point; thence turn and run West
SO feet to the point o~ begx~ni~g,~
- RECE.^-'~'D S '~s NM PA:7klENT OF TAXq.
W ~j~i ~ i t::~ L l,j'-1 t~ D:.'E G(: C[ASS 'C Ih7AHGiBLE s'E~9CNAL PROPE(iry.
nocuM~s,Tr.~l
s ra,~~
~ ~o cEUPr_~ ~o~2a, a~rs o~ ~s~~,
_ ~~N-87o S=-
z` y~- ~ FOG=R PQI~t'tiAS, Clerk Circuit Court -
`~.;~~-c`: as ASerrt for DANIEt N. KNOWLES, 1R.
J ' 225~=
o _
~ v coa'P7R0!
LER ~z~9 St lucie County Tax Collector
~,19Jt3S .
f . ~
~ D~PU~ a~c
~ to~ethK with all and singutsr the tenements, hcreditamenb a~d eppurtances thrreunto belonging w in anywise sppertaining therero, and all renb, iss~es,
proceed~ and prof;ri sccruing and fo acaue from said premisea, a4 of which are included in the above a~d foregoing description and habendwn.
'TO HAVE AND TO~1O L~ the above described snd grante.~ prem;ses unto the :a~d MORTGAGEE, its successon and auigns fwever. Md tM wid
MORTGAGOR for tA@lr heirs, executws, adminislrators a~d assigns, hereby tovensnts with the said N40RTGAGEE, its sutcessort a~d assipM,
that theZr arE Iaw(ully seized of the said premises i~ fee simple; that the same are free, clear and diuharged from all liens aod enawer
~ brarwtes in law or in equity, ~~d tn~t they N,~~~ a~ their heirs shafl warrant and defe~d t}~s titk ~0 1F~e same to fht s~id
AAORiGAGfE, its svecessors and assigns, forever againsl the lawful claims and demands of all persons;
PROVlDED, ALWAYS that if the MARTGAGOR shall pay unto the Mc~RTGAGEE the promissory note hereinbefore desuibed and shsll truly, p?omptly
uid fully perform, dixh+rge, execute, ca»pkte, comply with and abide by each and every the stipulations, agreemenri, cor~ditiwu and cove~aots of ssid
promiisory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void.
IT (S UfVDERSTOOD ti~af the word "Morfgagw" whether in the s~ngufar a plural anywhere in thii Mortgage, shall be singular if on~ only ~nd •
sh~ll bs plursl 'pintly and severalfy if more thsn one, and that the wad "their" as used anywAere in this Mortgage shs1l be faken to mean "I~is;' "hen;'
or 'its," wherevet the context so impfies w admits. Also, thaf wlierever there is a reference in the covenants and sgreemenri herein contained to u~y of
~ th~ pufies hereto, the same shall be construed tn mean as wel{ ss the heirs, legal representatives, succeuors snd suigns (either volvnbry by ~d of th~
ps~ties o? involunt~ry by ope~ation of the taw) of the same and that the covenams herein contained shall bind and the benefits and adv~ntsQ~s kwr~
fo flw respecfive hein, kya) ~epresentatives, svctessors and ass'gns of the parties hereto.
Md said Mortgagors, fw themselves and fheir heirs, Iegal representatives, successors and assigns, hereby jointly and severally cwensM snd s~~~e
w ~nd with the said MORTGAGEE, its successws and suigns:
~ 1. To pay all and si~guta? 1F.c prirxipat and interest and the various and sundry sums of maney payable by virtue of said promissory note, and Nw
~ mortpayt, eath snd every, pomptly on the days respettively the same severally betome due.
~ 2. To piy d) ind sirgvlar the taxes, sssessmentt, levies, IiaEilities, obt~gatians and encum4uances of every r+atwe and kind now o~ ~aid desv~d
~ properfy, w thsi heteafter may be impoxd, suffered, plxed, levied, w suessed thereon, w that hereafter may be fevied w asesied upwn tl~is Mort¢
aye, a th~ indebtedneu secvred hereby, exh and every, when due and payable, accwding to law, beiwe they betome delinqvent, and befote a~y intarpt
~ attaches or ~ey penalty is incwred; AN~ INSOFAR AS ANY THEREOF IS O~ RECURO TME SAME SHAII 8E PRO1NPTlY SATtSfIEp AND DISCHARGEO Of
i RKORO AND THE ORIGINAL OFfICIAI DOCUMENi (SUCH AS, FOR ItJSTANGf, 1HE TAX REtFIPT OR TNE SATISFACTION PMER OFFICIALIY ENDORSED
OR CER11FiED) SHALL BE PLACE~ IN THE HANDS Of SAtD MORTGAGEE WITHIN TEN DAYS N'cXT AFTER PAYMENT; snd in the event thsf any lhereof b nol
E paid, sst:ified and discharged sa:d MORTGAGfE may at any time pay the same or any psrt ~hereof without waiving w affecting any option, lien, equify p
?iqht under w by virtve of this murtgage and ?he iull amount of each ~nd every such payment shsll be ~mmediately due and payabk and shall bear interest
Erom the dafe thereof ~ntil psid at rate of nine per centum per UnvRm and t ether w~th suth interest shall be secured by the lien of th:f moryfayl.
eooK ~~5~ PACE ~J~
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