HomeMy WebLinkAbout1246 ~~~_180 ~ ~
THIS ~NGCNTURf. Mede the_ l~th day of .S@ ember A.D. 19?~ , brr~een
_ Wi1L m iackson Cav~ness and Frankie I C~~B~~~s wifP,
of ?St. Lucie Cuunty Flwida, hereinat~e? desg~atrd as the "h1CRTGAG~R." and FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, a corporation organired and ex~s~~ng under 1he taws ot the Umted Sfatos ot America a~d having its p~incipal ptace of
tusir?eu in ~hs City oi fwt Pierce, Sf. Lucie CovNy, florida, htreinafter des~gneird as the "h10R)GAGEE."
WHEREAS Ihe MORTGAGOR is justly indebted to the MORTGAGEf in the sum ot S-~s~QS~a~Q_ geod and lawfu! money of the Un~led
States advanted by Iha MORiGAGEE unto the MORTGA.GOR, es ev~dencrd by a<ertain promfssory no~e of even da~e herew~th, o( which the foitowiny in
words and f~gures it a t.ua copy, to-w,t:
= 6. 300. 00 N,_3-I6 548
Forf Pierce, Fla~da, September 18 19~
Fw value receiverl, t, we w either of us, prom~se ro pay, witheut defatca~~on, to the o.Jer of FIRST FEDERAI SAVINGS AND IOAN A$SOCIATION OF
FORT PIERCE at Fwt Pierce, flor~da, the sum of Ss~~_3QQ~ Q~ v,;;lh inte~est frorn date at ehe ra!e of $!?~y pe~ annvn, in monthly imtali-
«~ents as (o~lows: S-1~~i.QQ____. o~ the _~s~~ day oF November 19..IQ_ and a I~kr s~m on the corr.sponu;::y day of each month there-
after unfi! th~ whole be f~1iy Na,d.
Each insta,~mrnt fi~st shalt 6e app:~~d in ~.ayn.ent of th~ intrrest and then ~n tha ur,pa~d baia~~ce of the p~~nc:pal sum. If defauN is made in the
F'avment of any ,ns+o~!~nent whrn due, and wch d~lauh conrir~t:rs 30 days, then at the op!ion,of the holcir+, and w.rho~t any otner not;ce, all the .emainirg
nstatlments ahaii be d~e and parai~:e ai Gt~ce. Pnv~~cyN is gi+en tu p~epay this nate in whole or in part a! any t~mc ~.vithout penalty, Ne~ther faebearance,
nor acceptan~e by the holdcr rhereof airrr any drfauit in eny paymenti~
h~~a j~ t~e deerne~d e;rens~on. A'~ts payment charge oi S_ 6 55_, shell be
~dded to each ~ns~al!~r.rnt rrm;inmg vnpa~d 7 O ~aiter itt d~ ~~QIP~~m shail ue ~dd•~a ro each wch instatlrne~t remaining unpaid 7 day~ afte?
~•ach sucteeo~ng payn:ent date. G ~BIE
Each maker, surety and~~ ~of.~i~~~~v~~y,~a y~eS, de•n~nd. presenrm.•nt pro~rit and not~ce of proteit for r,onpayment, and furthe?
+grees to any extens~on oF hn, ~ ~njQr,~ ar or h~~ twi~y, wtrtnwt no!:cr to a~y of LS; d:ld to pa~ a!1 costs oi collection, includ~ng s
•c~~sonable attomey s fee ~n th~ Vin~R4t1 ~i~r~~~f~~~r, and re5y aevera<<y ~no~.es alt benrfir oF hom~shad and exe+np+;~ under the constitWion
.,~:J laws ~f ~cch ~s_•c ^f tb ~,~.i~tlft4!~`~s"S~~,ns th' ~r~~ any extens:on w~enrwal hereof.
Witness ti~e ha~,d ,~id se~c~g~h~~liny~N~~~' ~
S~, Lucie Cou;.ty l2x Co~lector ~~William .Ta kson ('at^nP~~
.s~- (SEAL)
~ t' (SEAI)
By ~r( CLERK ~Frankie I. Caviness ~~,,U
~ ~9.45 ~ staf~ Revenue ~
NOW, THEREfORE, the MORTGAGOR for the p~rpose of secur~ng paymrnt of sa~d sum of j s, 300• 0~ ~ and the Ferformance af ths
covenants and agreemen~s he~e~nafter eapresied, ar.d for d~~ers good and va~uab(e co~s~derafionx, by these present~, does gram, barflain, sell, remise,
release, co~vey and co~f~rm ur~to thr MORTGAGEE, its successors and assigns, at~ that certain iot, piece or parctt of land, sitvate, lying, and being in the
County of St -1 and Srate of Florida, descr~bed as follows:
Commencing at the intersection of the Easterly boundary of Angle ftoad and the
South boundary of the SW4 of the NE~ of Section 6, Township 35 South, Range 40
East, and run thence NorthwesterZy along the Easterly boundary of said Angle
Road 403.4 feet for the point of beginning; thence continue along said Easterly
boundary a distance of 250 feet; thence North 41° 35' East 520 feet; thence South-
easterly on a line parallel to said East boundary line a distance of 100 feet; thence -
South 41°35' West, 100 feet; thence Southeasterly on a line parallel fo the East
boundary line of Angle Road a distance of 150 fezt; thence Southwesterly to the point
of beginning. -
THLS IS A CORRECTIVE MORTGAGE.
This mortgage replaces a mortgage of like amount, same date, to First Federal
Savings and Loan Association of Fort Pierce, Florida, on which the intangible
personal property tax has already been paid.
rogether with alf and singular the tcnements, hereditaments and appurtances thereunto belonging w in snywise appertainirg thereb, ~nd all r~nri, iuuss,
proceeds and proiits accruing and to accrue from said premises, all of which are included in the above •nd fwegoin~ descriptio~ ~nd habendum.
Tp HAVE ANO TO HOLU the above descrtbed and g~anted p~emises unto the said AAORiGAGEE, ifs successorf and as~iqns fwever. F1~d th~ Nid
MORTGAGOR foi --~Q~----- F~eirs, execvtwi, sdmi~i~rrators and assigns, hereby covenan?t with the s~id MORTGAGEE, ita suctessers ~nd asfipro,
ihat ---~~y ~L'- lawfully xi:ed of the :aid prom~ses in fee simple: th~t the ume are Iree, clea? u,d d~xharped from •II liero and MCUnr
brances in law o? in equity, and that~~_ wi!! and _ thP7r_ hei~s shall warrant and defend th~ title to the arn~ to the qid
MORTGAGEE, its succeswrf and ess~gns, faever sgainst the lawful daims a~d demands of s~t persau;
PROVIDfD, AIWAYS that if tFe MORTGAGOR shall pay unto the MORTGAGEE the promis~wy rate hereinbe~ae deu~ibed a~d sMll truly, promptly
end fu(ly perform, d~xM~ge, exewte, complate, comply w~rh and abide by each and every the stipulations, ~yreemenh, tonditiom ~nd tovenants of ~aid
prom+sso~y rwte end of this Mwsgage, thcn this Mortgage and thE Esrate hereby created sh~ll cease ~~r! be null and void.
IT IS UNDERSTOOD that the wwd "Mortgagw" wherher in fhe s~ng~tar w pt~ral anywhere in th~s Mort9aye, shsll be sinyular if on~. only a~d
shatl be plural jointly and sever~Ry if more than one, and ihat ~he wad "~he~r" ss uud anywhere in th:s Mortqaye shal! be taken to mean "his;' "h~n,"
or "its," wherever tM conrexl w imo!ies « aa~~+r:. ni~, that xherever there i• a raference in the covenantt ~nd agreements hnein cont~in~d to any of
rhe parties hereto. the same ~hall be conirrued to mean ~s well ss the Aeirs, legal representatives. ~uccessors a~d assiyns (either volunlary by ~cf o/ tM
parlie~ ar involvnt~ry tr operario~• of rhe !aw) of the same and thar the covenants herein conta~ntd sMll biwd and the benefin and advam~yp inw~
fo th~ r~ipective he'us, leyal raprexntahves, tuccessors ~nd asi'gns of the parties hereto.
And said NWngsgors. fw tl~emulvcs and their ~ie~r~, {cgat represemativet, iuccessas snd ass~gna, hereby jointly and severally corenant and ayr~e
to and wi?h ttw s~id MORiGAGEf, its successws end as:~gns:
l. 7o pay ~II and sinyul+r thr principal and interest and the rarious and ~undry ~ums of money p~yabte by virtw of said promiuwy not~, ~nd this '
n+wty~ye, each ~nd ~v~ry, promptly on the d~ys respcctively the tiame severally becpne due.
2. To pay ~II and a;nyular the ta,ces, •saessmen~s, levies, Iiab+Ifties, ob~igations and encumbrances of every natur~ and kind now on said daaib~d
p~opaty, a that her~~ft~r may be impwed, suf(ered. placed. levied. o~ asse~ud thereon, w tbat herufte~ m~y be levied or ~ssessed upon this AAat~-
~yt, a t1+~ indtbtedneu ucurad her~by, ~ach end evcry, when due ~nd pay~ble, ~tcord~np ~o law. before they become datinquent, ~nd b~fat a~r inter~st
+tt~ch~t w any penalty is incuned; A?vD INSpFAR AS ANY iNEREOF IS Oi RKORD (HE 5/4ME SHAtI 8E PROMPT[Y SAiI$FiEO A~1D DISCHARGED OF
RECORD AND THE ORIGlhAI OFfICIAI DOCUMENT 1SUGH AS, fOR INSTANCE, TME TAX RECEIP~ OR TNE SATISFACTION PAPER OffICIAIIY ENDpRSEO
OR CERTIFIED) SHAII SE PIACED IN THE HANDS OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AfiER PAYMENT; ~nd the event that any tMreof is not
pa~d, s~t"sfied and dixhxged sad MURTGAGfE m~y •t any r~me pay the same o~ any pan thereof wifho~t wiiving w ~ffectirg any optioe, li~e, puify a
•iQht under o~ by vi~tue of th~s mor~gaqe snd the ~ull amo~nt of eath •nd every such paymerA 'sMll be immed~ately due •nd payable •nd shall bear int~r~tt
~•em tF~e da•e thereof unril paid er rare of mne per cent~m per ~nr~~m~and toqether wnh ~uch ~nterei~ ~hall be ucvred by the lien of rh's morytsy~.
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