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THIS INCLNiURE. Made r?x_ 13th da of OCtOb@Y' ~~M~~
_Willian L. +iailey and Lais S. 9ailey, his Mifa,'
_ St• ~.Z1C1@ toonty Fla:da, hereinafier des~y~~ate~ as the "A~OR'GAG.?R,'?and FIRS[ FEOERAL SAVI`G$ ANp LOAN
ASSOCIATION OF FORT PIERCE, a corpo~anon organized and ex~s~~ng under lhe law~ of Ihe Uni!Cd Sfatoe of America and having iti principal place of
b~smess in the Ci?y of Foit Pierce, St. l~cro Cuvnty, Florida, hc~e~na(ter dea~gnared as fhs "MORiGAGEE."
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WHEREAS the MORiGAGOR is jus~ly indebred to ~he MORTGAGFE in fhe sum of S good and lawful money of the Un~led
S~ares advanced by the MORTGAGEE un+o thr MORTGAG~;R, as e~~:.+~~no_d oy a crrta~n promissory note oi e,~en date herehrth, ot wh ch the followin9 in
~o~ds and figu~es is a true copy, to-wd:
s 2 5, 000. 00 No_ 5-16 , 581
fort Pierce, Flo~ida, October 13 y 19 70
Fw valve ~ece+ved, 1, we or eifher of us, promse to pny, ,tinho~t defa'canon, to the order os fIRST FEDERAL SAVING$ AND LOAN AS5ICIATION OF
~ ~RT PIERCE ~f Fort Pierce, Flor~da, the i~m oS S 25~~~~ _~~,~t: ,ntrrisr frem dc!e at the rate :.f 8! S°o per aniwm, i~ monthly install-
~ ~ 217.00 15th JanuaY 71
: ~rs as fol.ows: 5--~ _ _ on the day of _ , 19 and a I~i.e sum on the correspond,ng day of each month there-
erre: until the v~ho:e be f~!ly Ha,d.
~ Eath ~nsta:iment ii~st shall be aNp.rd ~n ,.a.:r,~~nt of t~~~• intr~rst e•:d 'hen ~n r'r,e ucc,,;d i~.a%a~~ce ef the pr::~tpal sum. If default is made in the
~ 3~TQf7~ of any ~nstaiiment when due, a~,d w.h q~~~ev;t cen!~:~.~~es 30 da~s, th~n at the o;:~~:~~n ot ~he ii~~~d-rr, and ~h~thout miy other not~ce, all the remaining
~ .~~stallments ihai! be d~e ar.d pa~36:e at cr~~~ Fri:~.e3r ~s g..en to preN~y lhis r~ote in whole or in pa!1 at any t;ma w~theut penalty. Ne~ther farebearartte,
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nor aicepTante by the hoidrr mereof aitrr any ur~ouli any pa{-:n ~?--r^oV+ ~ A lara iiav<tten: Cfta~a2 O} S-.iO~85 Shall b!
` _~:1_d to each insta~:•~:e,~f remal:~~r.~ ~r.p.~;1 7 days afetr its due date, and d'^re s:m sha'l t~e .id:i_•d ~o cach 3v~h uista~lm,.•nt remain~ng unpaid 7 days efter
each succeedin9 pay~ e:it do~e.
, Each maAer. wrrty aed c~,cl~rsrr he~e~i. ;o ~vly ,~:d s.,v~~a!'Y. .va:ves d.:..,,..d p,rsen•,:,..~* cr:a.•sT ond no+~-e ef protrst fo. nongayr.~ent, a.xl further
;3rees ro any ~xrens~on of t,,.,r of p,,,~,;~•r;r. ~:rh~r r.-~ ur ,~nit~r•!y. ~v!i~u! n~v:~ t~ .~ny of ~i: a•.d to i~ar a11 costs o( collect~on, includ~ng a
~ . eiona6le attorr.ey s i_~e In ihe e.~n! oi ar. ~r!d~~t her<_~~~d•_r and he•rb~ >•,.~~~a.:, .~a .es G•.;;ef~t ot homrs'_ ~d and exemption under the eonslitution
_ d'aa•s of eaci~ Srate of thr U~~~!ed ~~a~es .;s ~~s~ th:s ot: gahon or any e~rrns~o~ or ~enrwal heree;.
W~~ness the hand and sea~ of ca:n ~,rrv
S/ William L. Bailey (SEAL)
(SEAL)
. $ L.O1S 3d 1@j? {SEAI)
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t ~37'S~ ) State Revenuc ~ - (SEAI)
- ~,~'ar*~p! es~eeNed ~ ertgk~eF~no+~r
NOW, THEREiORE, the MORTGAGOR for the p~~pese of se:v.~ng payment of sa~d wm of 525~~•~~ and 1he performance of the
_ wtenants and agreernems hrre~naffer e.p~essed. ar,d fo~ d~vers gooJ a:~d vatuabte co~s~d8~dfipltf, by these pre:ents, dces grant, barga~n, sell, remise,
- ease, convey and confirm u~,to the h10RiGAGEE, its succeuors a~d ass~gns, at! that certain tof, p~ece or parce! of land, situate, lying, and being in the
County of St . Lueie and State of F(orida, descnbed es follows: ~
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Lot 9 less the East 22 feet thereof , and the Sast 60. 5 feet of Lat 8,
HAMILT~ON ACRBS SUBDIVISION, according to the plat thereof filed in Plat
Book 14, page 6, Public Records of St. Lucie County, F~orida, ?
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~ DllE ON C=1J1,~ •C ItiT IN PAYMEKT pF T~~ :
' Z ~ ~ P~^,S:'ARi TO CHAPT.- ~~IBLE PERSCIyqL PP,ppERiY,
~ = o~~to~,~ 2~:,~,. 3? 5 0= ~
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FCG-R f'G(~FJ!S, C(e-k Cir~ui~ Court ~ l~'tl.
N ~0l+.P?ROLIER t
P.B.~q~i3s as A~e~i iiI GS~:I~~ n. ~ru~w~s, ~R
St Lu~ie f,ou~ty Cax Collector
By i
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DEPl1TY q„~K ;
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rogNher with •II ar~ si~gular the tenements, htredirements and appurtance~ ?he~eunto belonq;nq a in anywise sppenainir~ lhereto, ~nd all tenb, isswt,
p~ocee~s +nd profits atcru+ng ar+d ro accrue from said prem~sea, att of wh~ch are ind~ded in the above ar?d fotegoiny destriptio~ and habendum. ~
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TO HAVE AND TO HOID fhe above desv;bed •nd granred premises umo the said MORTGAGEE, i1s succeswrs and usiyns fww~r. Md tiw w{d s
MORTGAGpR (w - thelr h,ars, eact~tors, administrators and assiyns, hereby covenant• with tFx s+id MORTGAGEE, its s~ccesso~s +nd ~~sipm, :
th ~_are ~awfulfy se~ied of the said prem~ses in iee s~mple; that the same are (ree, c(ear s~d dixMrged fiom •H lien~ u~d ~ncwTM }
brarxes in law w in equity, and thar_ w~li and ___..ShEU-__- heirs shall warrant and defend th~ fitle to th~ iam~ fo the a~3d F
MpRFGAGEE, its successors and ass+gns, }orever againsr the iawfut claims and demands of ill pe~sons; ~
PROVIDED. AlWAYS that +f the IdORTGAGQR shatl pey unto the MORTGAGEE the prom~ssory note hereinbeiwe dewibed ~nd fhall lruly, promplly ~
and full~ perform, d~uharge. exe<ure, comp:ete, comp!y w~th and ab~de by each and every tFre aipulations, sgr~ements, conditions and coveo~nb of s~id ~
prom~sswy note and of th1~ Mo~tqage, rhen this Mortgage and the Esrate hereby created shall cease snd be null and wid. ~
IT IS UNDERSTppp th~t the word "Mo~tgagor" whNher in the s~nguiar or plural anywhere in thit Mwtgaye, thall be •i~ular if on~ only ~nd ;
sha!1 be plurd "pintly and severoily if more tfien one, artd that the tvord "their" at vsed anywhere in th~s Mortga9e sMll be taken to mean "hii,' "hen," i
w"i4;' wAerever the conte~t so ~-*:p~ies Or admits. A~so, the? whe~ever there is ~ reference in the covertants +od yreemtnti Mtrein cont~ined to ~ny of ;
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~he parties here~o, fhe same ahalt ~ conie.ued to mean as well as the ~ein, Ityal r~presemafives, successon and asaigns (eilFxr voluntary by M of th~ ?
oartief or involumary by operai~on of the Isw) of the same and that thr covenants herein co~ta~ned shilt bind ~nd the b~nelit~ ~nd adwMape~ irwtt ~
ro tAe respective heiri, leqa~ ~epreuroatives, successo.s and ass gns of the parties herNO.
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And said Mwtgagors, for ther. se~vef and tF.e~r he~rs, legsl represeniarnes, succeasas and as~igns, hereby ioinNy ~nd ~ev~?ally COvfMf11 and pree ~
to ~nd with tFr_ sa~d MORTGAGEE, ~ts s~ccessas a~d asugns: ~
l. To pay •11 a~d sirg~l~r the prirK~pa~ and inrerest and the veriovs and sundry sums of money payablt by vrrtue of said promi~sory nptt, +nd tl?is ~
~nonpps, e~th ar?d eve~y, p~omptly on the days reipecrively the same severally become due. ~
4. To paY all ~nd •inyulxr the taaes, afat~sment~, lev~es, iiabilit~es, obligations and tncumbrances o1 every M1W~ and kind now on said d~scr{b~d
prap~rty, ar tM? here~fter may be imposed, tuf(er~, plxed, tev~eA, or asscised thereon, w that hereafte~ may be tev~ed w~aseas~d ~pon thb Mortg-
+qe, a the indebudneu secured hereby. eich ~nd every, when due and payeble, xcordir?~ to law, befwe they becom~ d~linquent, ~nd b~4or~ ~~y iMae~1
strathes w any penalty is i~curred; AND INSOfAR AS AN~ TNEREOF IS Of RECORD THE SAME SMAII BE VROMPTIY SATISFIED ANp OISCHARGE~ OF
RECURO AN~ THE ORIGihllt OFf(CiA( pp~(?MEN7 (SUCN A5, iGR IIVSIAN~E, THE 2AX RECElPT OR THE SATI$iACilON pADER OffICIAIIY ENDORSEO
UR CERTIfiED) SHAIt BF PIACED IN 1HE HANDS OF SAID MORTGAGEE 1M1tTHIN TEN OAYS NEXT AFIER ~AYMENT; and in the event that any Iher~of i~ not
ps~d, sat sfied •nd d~scharged sa d MORTGAGEE m~y a~ any t~..,e E a•~ rhe same or any pu~ the~eo( witheuf w~iving w sffecNng any option, Iien, equity or
~~QM v~der or by vi~rue of fh~s mo•~gage and ~hr f~ll amo~m o~ each and e~e~y such paymenr sh~lt ~ immed~~teiy due and pay~ble and thall bea~ intereft
~.a++ +he da+e the~euf ~ntil pa:d er rere o~ n:nz pe~ cenrum pe. ann~m anA eoge+he5 w~~h svch in~enst shell be secu~ed by the lien o~ ~h:• morytp~.
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