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THIS INCCNTURE, Made the 12th day of ~CtOb@1' A.O. 19~4, bc:~wee~
John C. Paden and Katherine L. Psden, his ~?ife
o{ .Sti• ~1C~e ~ County Flor~da, hereinaiter designated as the "MORiGAGOR," and FIRST FEDERAt SlaVINGS AND LOAN
ASSOCIATION OF FORT ?IERCE, a corporaGon organi~ed and exist~n9 under ~he laws of the Un~ted Statas of America and hav~ng its principal place of
b~siness in ~Ae City of Fori Pierce, St.'lu.~ County, Florida, hereinalter det~gnated af the ~3
WHEREAS the MORTGAGOR is 'usU ~ndebted tc the MORTGAGEE m tht sum oi 5--.--~-------- 9ood and tawful money of the Un~ted
S!ates advanced by the /l,ORTGAGEE vnto the h~ORivAGOR, as evidrr~cad by a certa~n prom~ssory note o( even date herewith, of which the fouowing in ~
..ords and figures is a uue copy, to-wit:
s23,5~•00 . No ~3-16~579
~ Fort P~erce, Florida, ~t'O~@r ~ 2~ 19---~ v-
For value received, 1, we w either of us, p~~~n;se ~o pay v~i~houl d~falc~~ion. to ihe order of fIRSi FEDERAL SAVINGS ANP LQAN ASSOCIAIION OF .
FO2T PIEQCE at iort P1i•erce, Florida, tne sum of S- 23~~!~ - w~th inter~st from date at ~hc rate oi .8~~ °o per annum, in monthly install- ;
:r_:~ts as follo~vs: S?~µ~~- on thr 1~th day os _J~n~ 19 and a f:~e sum on the conespund~ng Jay of each month there- `
~~rer until the who?r be fuily pa:d. t
Eath ir~it~~imcnt first shal~ be app'~_d in ;~a,n~ent of t':•: intrresi and tl~en on +he ~ d b.~!ar~~r of thr pr~~iC.pal sum. ~f defa~lt is made in the
a~ment of any mstailmeni when dve, .,:~d =ac~~ .1r•~uh ccnt:•~~es 30 d~ys, tnen at tt~e ep!;~n of !he ho.~er, ~nd without any other notite, all the remain~ng
~~stal~ments shal: be d~r ar.d r:ay ac:r at ~.r ~'nv~ ~ge ~s g,.<~n to preE:ay th~s n::te in who!e or in pa*i at any f~~ne wilho~t prnahy. Ne~~~eOr 'rOebearance,
~or aCteplanCe by the ho'der the~eof aftrr any vria~~t in ~ny par n•-'nt5 ~,er_•on, s~~a':t t~e dceried ext.. nsi::n. A;atc {;aymrM thatge Of 5----_- Shd~~ b!
•~_~ded to each insta:i.nent remaining ui~pe:d 7 aays attcr ~ts d.,e date, and t~u.e s~i^ sha!i be r.lo_d to rsch such instaument remain~ng unpaid 7 days afler
v,h succeed~ng payment date.
Each maker, surety and endcrsnr hereof, ja~ntly and sev,~e'~y, vva v~~s dr~~ ~nd p•es_~nt:,~_•n~ pro!rs! ard r.o~:ce oS protest for nonpayment, and further
agrees to any extension of 11me of p3~r.ieM, c~tf~_r t;:{urc• or ,f11C: l113IU~~fy/, K~ti~eut no•~c.~ to sn~, of us: sid to {~a/ ail tcsts of to!tec~icn, incl~d;ng a
r•,ionable attorney s f~e ~n the e~ent of a:+r ~~:au:t hrreu•~i<< ar.d hrreby se.r•a!iy ~na:.es a' i~t cf hom~s•r~d and ea~•mp!~on under the constitution
,.d laws of each State ol the U~~~ted Jrarei. .+z .::~~~nst th~s oh~~gatwn or ary eatens~on or ren~•w.al hrrcof.
W~iness ~he hand 3r.d srat of re:n ~.~.tv.
/s/ John C. Paden (SEAI)
{SEAI)
s Xatherine L. Paden ~sEAu
csEnu
~35 •25 ) State Revenue
~6~e,npra~wHeNed-ow-o.:~~wrl..»w) ~a C `
NOW, THEREFORE, the MORTGAGOR for the pv~pese of secur~ng payment ef ~a~d svm of S~!~ , snd fhe performance of the
covenants and agreements here~nafrer expressed, and for d~~ers good and va~uab'e cons~deratlons, by these p~esents, dces gra~t, bargain, se~l, ren:se,
r_•iease, convey and confirm umo the MOR7C,AGEE, its successors and ass.g~~s, aif tha~ certain tot, p~ece or parcef oi land, situate, lying, and being in the
County of St'. ~11Cie , and State of Florida, described es follows:
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.
s
The West 250 feet of the Ni~ of the NP~ of the NE~ of Section 5,
Trnmship 36 South, Range 1~0 East, St. Lucie County, Florida, less
and excepting therefrom the South 1b5 feet thereof and further
4 excepting therefram rights of xay for public roads,
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s- - - fN PAYM!E.YT OF TA~ES
( DUE QN C:ASS ' INi~ii~'~ ; PF?SG?llll Pft!;'E~2iY,
` P1JAS[U~ET 10 Clil1.~T:R `l~:': '
' S ~ c:~~ i- t_ v A p!~t . ac~s oF i~a:. ,
E - ll~ti:I1 'rA^
j t~ ~ DCCUP•1ENTA~':"-,3Td~1P ~I: ~~e~k Cir.: t Ccurt
~ J ~ _ ~ j~~---- - ~ ~~ct f: r T ~."~"i R
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~ ~ - ~ 3 5 2 ~ St lutie Cc~. !f T~ . Coflc,;t~r }
~ ~ CON.PTROLLEA
~ P.B. ~so~ae = Bp , ~
s --_.__.r.~ - '1
~ ~ DEYUTY CIERK
tcqether with all and singular the te~ements, hered~taments a~d appu:tances thereunto belonging or in anywise ~ppertaining iF~ereto, and ~II ?ent~, issues,
proceeds and profits accruing and to acvue from said prem~ses, afi of which are included in the above and foregoing dexription snd habendum.
~ TO HAVE AND ~Q HQID the above descr~bed and granted prem~ses ur.to the said MORTGAGEE, its successors and assigns forfva• And 1M said
~ MORTGAGOR :or ----l~lr heirs, executors. admi~~sfrarors and assigns, hereby covenants with the said MORTGAGEE, its succeswn +nd +uiyro,
~ ~hat the;- a~6 lawfully sei:ed of the sa~d prem~ses ~n fee simple; that the same are free, c~ear and discharged from all liens a~d encurt?-
~ brances in law or in equity, and thar t~- _ will a~d _-the~ he~rs thall warrant end defend the tiNe to the same to tht ssid
` NIORTGAGEE, its svccessors arxi ass~gns, forever against the ~awful claims and demands of all persons;
PROVIOED, AIWAYS that if Ihe MORTGAGOR shall pay unto the MORTGAGEE the promisswy note hereinbefore described and sh~ll truly. promptly
and fully perform, d~uharge, execute, complete, comp~y w~th and abide by each and every the stipularions, aqreements, conditions ~nd covenant~ of said
prom:ssory note and of this Mwtgage, then this Mortgagr and the Estate hereby creatcd shall cesse and be null and void.
~ IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the s~~gu7ar w plvral anywhere in this Matgage, shall be singul~r if one only and
shall be plur~l joiMly •nd ieverolly if more than one, and tfiat the wad "their" ss used anywhere in th~s Mwtgsge shall be t~ken to mesn "his;' "her~"
- or "its;' wherever the context so implies or adm~ts. Alw, that wherever there is a reference in the covenants snd ~9reement~ herein conl~ined to ~ny of
~ the par:ies hereto, the ume shall be construed to mean as wefl as the heirs, kgal repreuntatives, successors and suigns (either voluntary by ad of 1M ;
~ partief or involuntsry by operation of the Isw) of the same and that the covenants here'~n conta~ned shall bind and the benefiti and advanbges inur~
to the respective heirs, legal represeroa~ives, suuesso~s and asrg~s of the parties hereto. ~
~ !
~ And said Mortgagors, fu themselves a~d their heirs, legal rep~esentatives, successors and sssigns, hereby jointly and severally tove~a~f and a~ree
~o snd with the uid MORTGAGEE, its successors a~d ass~gns: ~
~ i
1. To pay all and singular tFr. principal and interest snd the various and sundry sums of money payable by virtue of uid promissay rate, and this i
~ mortgs9e, each and every, p.ompily on the dsys respectively the same seve?ally 6ecome due. '
~r 2. To pay all and ~ingular the taxes, assessments, levies, fiabilities, obligations a~d encumbrances of every natu~e end kind now on uid dewibed
~ property, p thst hereaha may be impoud, svt~ered, plsced, levied, or ~sseised thereon, or that hereaher may be levied a auessed upon ihis Mort¢
~ ege, a tM indebtedness secured hereby, each and every, when due and psysbte, accwding to law, before they becoms definquent, and befor~ any i~taeit
a~tachcs w any pena~~y ~s incurred; AND INSOFAR AS ANY TNEREOf IS OF RECORD THE SAME SHALI BE PROMPiIY SATISFIEU AND OISCHARGED OF
RECORD AND THE ORIGINAI OFFICIAI OOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT~ON PAPER OfFICIAtIY ENDORSED
~ OR CERTIfIED) SHAtI BE PLACED IN THE HANDS OF $AID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event Ihat any thereof is not
pa~d, sat'sfied and discharged sa'd MOkTGAGEE may at any t~me pay the same or any part thereoi without waiving w alfecting any option, lien, equify p
s •iQht under or by virtue of this mo~tgage and the fu~l amo~nt of each and every such payment shall be immediately due and payabk and shall bea~ interest
~ ~rom the date thrreof until paid at rate of n~ne per cen!um per annum and roge~he• wnh such interest shall be ucured by the lien of th:s morgt~ye.
~ ~~ax 1~7 r~ti~ i970 =
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