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THIS INDENTURE, M+d~ t~ etb day of A.O. 19~ bctwNn
Cbaslos M. Pala~= aad,M.'J~an P~i,}~si his wit~
of - St. ~.LiC~.f ` ~ Cp~p~~y Florida, Mreinafte~ dl~~ynared ss tha "MORTGAGOR," and FIRST FEOERAI SAVINGS ANO IOAN ~
ASSOCiATtON Of fORT PiEtKE, ~ oo?por~tan or~MUed and exiir~r~p uode. the laws o! ~he Un;ted Su~~s of An~xiu and hsvinp iq principai pt~o~ of
twaf+~ss M tM City of fat Pi~ra, St. luc~ Co~nty, Flatida, herai+wfter d~iip~atrd as t1u "MORTGAGEE:'
WHEREAS the MORTGAGOR iq ~stty indebted to 1M MORTGAGEE in tha sum of s 1s:0~•OO good and lawful mo~sy of tl~e Un~ted ~
States advanud by tl» MORTGAGEE unto tM MORiGAGOR, es svidanced by a cata~n prom;ssory note of e,ren date her~w~th, of which tM followirg in s
words u~d fi~vrea is o t~w coPY. to-wit: ~
i~ 1~~~1~ ~ I6 s ~SI
, fort Piere~. Florida, .I1lA! B ~~19~Q.
For wlw received, 1, we or either of ~s, p?omi~e ro psy, vrithout defslcation, to the order of FIRST FEOERAI SAV(NGS AND tOAN ASSOCJJITION OF
FORT PIERCE at Fat pierce, Florida, ths wm of = ls~ 0~• ~ witF inrorest irom date at the rate of~~'~ .per anne~r, in ~ewn~hly 1?atall-
menb et foilows: ~ 133~ ~ Ystb ~Y of .lLll~I 1970 and a like sum on the conei{wndir~ daY ot pacA mon:fi lhevr
after until the wAo1e be fully paid. c i.
Each installment first shall be applied in payrt~nt of the interest and then o~ the unpaid ,balance of the prindpal sum,'.,1f defauli is m~de in 1hs
paymet?t of any instsllment when due, and such defavlt contioues 30 days, then at ~!x opt~on of the hoidea and wirhout any oth6~,,iwtjpe,. a!1 ths ~emaining
insta!lrr~enb shall be due and payabk at once. Privilege is given to prepay this note in wFw~le or in peH at any t~me without penalty:'-,I~R~lhtr forebearanoe,
rwr atceptance by the holder thereof after any defau{t in any payments FR~eon, shall be dremed extension. A late payment chuge of s 6~65 iha1) be
added to each installment remaining uri{wid 7 days after in dw dar~, and a tike sum shall be added to each such instaiiment ~ertwining uepaid 7 days aftsr
esch uxteedin9 WYmertt date. ~
EacA maker, surey and eodoru~ hereof, jointly ar~d severally, waives dema~d, presenrment protest a~d nosice of protest fw nonpaymeM, and further
agrees to any ~xtensa~ of tims of payment, either before or af!er maturity, without ~orlce to any of us; and to pay all costs of coliection, inctudi~g a
reasonsble attonsey's fee in the evenl of any default hereunder, and he~eby severally waives all 6enefii of homeaiead and exemption u~der the tonstifution
and laws of each State of the United States, as against ~his obligatiaa qr a~y extension or reaewat hereof.
Witness the hand and sea~ of each parry. • ' '
/s/ Cbarl~s W. Palaes - ~
. 3 ' ~ r
' ~s/ M. J~an Palaer ~
~ . : 3 . (sE11U
~a ~ ) State Revenve ~ j ' ~
NOW, THEREfORE, the MORTGAGOR fw the pvrpose of secvring payment, of sa~d' sum of= i ls ~ 0~~ ~ , ~nd the performanca of ths
coven~nb ~nd yreemenb hereinafta expressed. and for divers good and ra~sble ~oosideratioeis, by theae presents, doea grant, barqain, sell, remise,
reksse~ tonv~y and oon4irm unto tF?e MORTGAGEE, its wcceuws and augns, alt that certai~ lot; piece or parcel of fand, situate, tyin~, and beirg tn fhe
~~^~Y ~ $t. ~.ilCi@ and Stata of fbride, desuibed as follows: -
Lot Block 5, OttANGB BIAS.SOM BS?ATBS, as pes plat therQOf
recorded in Plat Book 11, pag~ 6, Public Records of S~. Lucie
Couaty, Flosida,,/` - .
~ ~ } S ~ ~11 ~ ^F i- L (.j ~ ' . t
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togetFw with all and singular the tenements, Aereditaments ~nd ~ppwtsnces thereumo,bela~ging w in aoywise appertsininy thersto, and all rents, isw~a,
proceeds u~d prcfi» atcruing snd to scwe from said premises, sH of whicfi are er~cluded in tAe abova and fwegoiag de~ulptlon and I~bendurn.
TO HAVE AND TO HOLD the above deuribed and Qranted prem;ses unto the said MORTGAGEE, its wcoesson s.~d auiyr~s fortwr. • Md th~ sdd
tj2@
MORTG/IGQR for hein, executors, administrstws and assigru, hcreby cover.snts with the said MORTGAGEE, its waessors u~d astipm,
that theY ~Ze lavrfvlly seized of tF+e ssid premises i~ fee simple; that the same are free, cka~ snd discharyed from all tiens and a~cwn.
branoes in I~rv or in eq~ity, and tha~ tbeY will and t~ir heirs shall wsrrar?t and defend tM titl~ to the ssms b th~ saW
MORTGAGEE, its s~ocessors u~d assigns, forever agaiixt the lawful claims and demands of a(1 persons;
PROVIDED, ALWAYS that if tFre MORTGAGOR sFwll pay unto the f1bORTGAGEE the promiswry note hereirtbefore desc?ibed and sha)! hvly, promptly
and fully petform, disch~rge, execvte, compkte, tompty with and abide by each and every the atipulations, agreementa, tonditiorn and covan~nq pf said
promiswry ~oM a~d of this Mwtgsga, then this Mortgage anri the Estate hereby ueated sha~l cesse and be null and void.
IT IS UNDERSTOOD tFwt tF~e wwd "Mortgagor" whether in the singular w ptwal snywfiere in this Mwtgsge, shsfl be sin~ular if on~ only ~+~d
~hall be plwa! jointly and aeverally if more ti»r, one, and thst the wwd "their' as uied a~ywhe~e in this Mortyage shall be tsken to mesn "h4," "h~rs;'
or 'ib," wherever tlk oontext so implies or adm;ts. Also, that wherever there is a reference in the covcnants u~d ~greements herein cpntained to any o{
the parties f~eto, fhe same sAstl ba cwutrued to mean u welt p the heirs, kgal rtpresentateves. sutcessors uid suigr~ {either voluntary by ad of th~
psrtia oi involuotsry b~r operstion of the law) of the san,e and that the covens~ts herein cor~tai~ed shsll bind and the benefin snd advuNpp inw~
to the respediw Min, kyal representativa, succeswns and us?9ns of the panies hereto. •
Md s~id Mortgayws, fw themselves and tt+eir heirs, te9al representstivFS, successors and assigr~s, heteby joiMly and sevqally ooven~nf ind apr~e
to and wkh the ssld MORtGAGEE, its cuccessoa and assigrn:
1. To psy ell ~nd singular the pri~cipal and intadt and the wrian and wndry wms of money psyable by virtue of said pramissory not~, and thb
mo?f9ape, tath u~d ~very, promptly on tht days rapectively ti~e ssme sevenlty become due.
2 To p~y ~II and singular tf~e tsxes. ~ssesunents, t~v;ss, iisbiliries, obligatiau ~nd erxumbrances of every na?we and kind noMr p~ ~aid daa~b~d
W~M, a that her~aftet msy be impos~d. wHered, p~aued, levied, or aaeued thereon, or th~t hereafter may M levied or assessed upon thi~ Matg~ ~
a~, a fM indebtedness secured he«bY, esch and every, wMn due and payable, aawdiny to law, befor~ tf~ey become delinqwM. ~nd befot~
+~Y
sttathp ot ~ny peoalty is incwred; AND INSpFAR AS ANY THEREOF IS Of RKORD THE SAME SHALL BE PROMPTLY SATISFIE~ AND OISCHARCsEO OF ~
RECORD AND THE ORIGINAL OFFICIAL DOCUAI4ENT (SIKH A5, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION FAPER OFFICIALLY ENDORSED
OR CERTIPIED) SHALL BE PLACEO tN THE HANOS Of SAfO MORTGAGfE WITHIN TEN DAYS N~XT AFTfR PAYMfNT; and in the evertt thN any 1F~e?eoi Is nol t
p~id, sst:sfied ~nd dixhar~ed said /NORTGAGEE m~y at any tMne pay the same or any psrt ti~ereof without wa;virg w~ffectiny a~ryr option, 1'~en, puiry or
~iqht ~rnder a by virtue of this mortgsge and ~he full amoum of e+ch and every such psyment shall be immediitely due and paysbk and shalt bw inteqst
hpn fhe daM thsreof ~mtil psid at rare of rtine per tentum per anrwm snd together w~th such interest shall ucwed by the lien of th:s morqtape.
BooK~~5 ~A~ 25z
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