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tMIS INOENiURE. IWd~ the l~tb daY Of _T._1~~ .-.T. . A.D. 19~.Q brtwNa ~
J. D. Laib~rt and ,~lo~~~~ NaelarY -~••~-:t~ tiia ~3~~
.
of ~~f Cowity fiorida, heaeinaitei dra;gnated as tM "MORTGAGOR," and iiRST fEOERAI SAVINGS AND IOAN
AS.SOCIATION OF FOR? PIERCE. a corporetan wp~nized and exis~~n~ unde~ ~h* law~ of ~Ae Un~~ed Suus of Ame~ic~ ~nd INVinp ib printipal plau Of
busin~ss in ti» Gity of Fwt PiKn. St. luci~ County, Fiorida. Mre~naGe~ daipoahd as t1w "MOAIGAGEf."
WHERf/15 tM NWRTGAGOR is jvstly i~bted w tM MORTGAGEE in the sum o/ S 7~ good a~d lawful money of the Un~ted
Statea advanced by th~ MORTGAGEE unto ths MORiGAGOR, as ev~denced by s cs~!e~n promiuory note of e~en da~e herewith, oi which ihe followinp {n
words and fipw~s b ~ trw copy, to-wit:
= 7~~~•~ f~lo ~~36A
Fort Pierte. Flaida. la 19 7O
For value reteived, we or eithe~ of us, p?om;u to pay, without defalcaiion, to th~ ordtr af f~RS? FEDERAL SAVINGS ANO IOAN ASSOCIATION OF
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FORT PIFRCE at Fort Piacs, Florids, the sum of : 7~~0~~ w~th inreresl from date a1 the rate of $a~u per aonum, in lrtoMhly ir?stall-
menn as follows: i 7O~ ~ on the ~~1 day. of 19_Z~ ~nd a t~ke :um on the correspondiry day of ea:.a month te~ere- ~
~
after umil the whok be fully paid. ,
fach installment first shall be applird in payment of the imere:t and thro on the unpaid balance of thc p~irr~pal sum. 1i •defauh :s msd~ ie the
payment of any irufallment when due, a~d such default continues 30 days, the~ at the option of tha hoi~er, and wi~ho~t any othe~ ~otice, all ths remaining
fnstal4ne~b shall be due and payable at once. Privilege is g~ven to prepay this note in whole o~ in part at any t~me withoul penalty. Neither forebeatance,
nor actepta~ce by the holder thereof aiter any default in any payments herepn, ahatl be deemed e:tension. A late payment tharge of ~ 3•
SQ
- sMll be
added fo each installmen! ramaining unpa;d 7•days after its due date, and a like sum shall kx add~d to each such instaUmem remaining unpaid 7 daya after
each succaeding payment date. .
Eath maker, surety a~d erdorser hereof, joiNly and severelly, waives dem3nd, presentment protest and notice of protest for nonpayment, ard fv?tha?
agrees to any exte~sion of time of paYment, either before w after maturity, without not;ce to any of us; and to pay aIl coits of collection, inciudiny a
reasawble aftwney's fee in the event of any default hereunder, and hereby severally waives all be~ef~t of homestead and exemption under fhe tonstitution
and laws of esch State of the Un~ted States, as againsf this ob~igation or any extension or renewal hereol. {
Witness the hand and se~t of each partY.
/s/ J. D. Lambert ~qU
(5~?U
/r~j Florenc~ M~clarv ~ehert ~
! $l~~ 50 J 5tate Revsnus ~U
NOW, THEREFORE, the MORTGAGOR fa the purpose of secvring payment of said sum of S 7~ , and the ~
pe.formance of ths
covenann arid ag~aemenn hereinafrer expresstd, and for divers good and vatuable mnsiderations, by theu presents, does grent, bsrpsiry iell, remise,
release, uonvey and tonfirm unto fhs MORiGAGEE, its succeuors and auigns, all that certain lot, piece or partel of land, sit~ate, lying, a~d being in the
County of $t• ~Cie snd State of fbr'~da, desuibed as follows: ~
?he South 1/2 of Lot 46, t6e South 1/2 of Lot 48 aad all ot
Lot 49, Block B, IiUNT•S SUBDIVISION, as per plat therQOf re-
cosded in Plat Book 5, payQ 47, Public RQCOrds of St. Lucie '
County, Flozida?, excapt the htest 3 foet thereof,,/ ~
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togetha with all and singutar the tenements, hereditammts and appurtances the~eunfo belaKling w in snywise appertaininD therefo, ~nd a0 rent~, iswes,
proceeds and profiri aaruing snd to acvue from said premises, all of which are includer! in the ~bove and foregoing description at~d h~bendum.
TO HAVE ANDt
O~HQLD the above described and granted premises unto the said MORTGAGEE, its s~ccesson and suF9ru _forever. Md tlw s~id
MORTGAGOR for ~r hein, executon, administratws and assigns, hereby covenants with the said MORTGAGEE, its woceawrs and ~stgm,
that tbey f=e Iswful seized of the said
ly premises in fee simple: that the same are free, dea! and disct~arged from ~II liero ~nd entum-
Msntes in Isw w in equity, and that tb6Y will and t~~' heirs shaH warrant and defend the titk w the ssms to 11» said
MORTGAGEf, hs wuessoJS and auigns, forever against the lawful claims and demands of all persons;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisswy rote F~einbefwe desuibed and shall Mdy, ptornptly
and fully pe~form, dischsrge, executs, compkte, comply with snd abide by eacF~ and every the stipulations, agreements, conditions and ao+~e~snts of said
promiuwy rote and of thFs Mortgage, then this Mongsge and the Estate hereby ueated shall cease and be null and void.
iT IS UNDERSTOOD that the word "Mwtgagor" whether in the singular w- plural anywhere in this Mortgage, shall be sinpulsr if one only and
shall b~ plural joiMly and severalty if mae thsn one, and that the word "their' as used anywhere in this Mortgage shall be bken to rt?esn "his," "hen;'
or its," wherever the context w implies or admirs. Also, that wherever there is a reference in the covensnts and ~greemenri herein oonta'urod to ury of
the psrties hereto, the same shall be corutnred to mean as well as the hein, legal repreuntstives, sutcessors and sssigns (either volvntuy by acf of the
parties ot irwolu~tsry by opersYan of tlx Isw) of the same and that the tovensnts herein contained shall bind and the benefiri and adranlsQp irwr~
ro tFis respecti~re heirs, legal reprcsentativp, svueuon and su°gro of the psrties he~eto.
Md s~id Mortgs~ots, fw themselvq and their hein, legal representativq, wccessors and auigm, hereby jointly and severalty cpvenant ~nd aQ~se !
to snd with the s~id MORTGAGEE, its wccessors and auigm: - ~ 1
1. To pay dl ~nd sirgvlar tlx printipal and interest a~d the various and svndry :urtn of maney payable by virtve of said promissory rwM, and this ~
mortQape sach and evety, promptly o~ the days respectively the same severally become dve.
4. To p~y ~II ~rd sing~lu the taxes, ssiessments, kvies, liabilities, obligations and crxumbrances of every nsture and kiod now on said desv~d
P~aP~Y, a~~NHe~ may be imposed, wffered. Placed, levied, a+ssessed thereon, w that hereafta may be levied or assessed vport }ha Mpp.
age, a tht indeWedness secv?ed Mueby, esch snd every, when d~e ~~d psyabk, according to law, before they become delinqueM, and befwe aeqr interes~
sttaches a sny pemlty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAIL 8E PROJY4PTLY SATISfIED AND DISCHARGEp Qf
RECORO AND THE ORtGttYAL OFFtCIAI DOCUMENT (SIKH A5, fOR INSTANCF, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED
OR CERTIfIED) SFfAIL dE PlACEO IN THE HANDS Of SAIO MORTGAGEE WIIMIN TEN DAYS NEXT AFTER PAYMENT; and in the event tFwt s~y thereof is no1
paid, sat:sfied ~nd dixharged ssid MORTGAGEE msy at al?y.t~mepay the same or any pan thereof withovt waiving w sffectiny a~ry option, lien, eqvity or
•ipht +rnder or by ri~tve of this nartgage and the full amount of each and erery such payment shall be immediately dve s~d psyabk snd shall bea? interpt 1
~~om the date thereof until psid at rate of ni~e per centum pe? annum and together with svch interett sF~sll be secured by the I'~er~ of th:s mwytye. ;
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