HomeMy WebLinkAbout0092 ~O oJuU c~ ' '
THIS INOENTURE, Mad~ ~h. 30th_ d,Y o~ OGt,obe~ ,~p, 19~p
_ James H~ McMiZ~~p snd A tie Mae MnMillan~ his w~~ ~
~
af St'i. Lucie Cp~~~y florida, hereina(tu de~~gnsted as ?M "MORTGAGOR;' and FIRSi FE~ERAt SAVINGS ANO LOAN ~
ASSOCIA?ION OF fORT PIERCE, a cwpaat~on orqan~zed and ex~s~ing urxJa th~ laws o( the Um~ed SutN of Ameriu and Mvirp jb pinclpal plm of ~
buun~ts M tM City of fat Pi~rc~, St. lvci~ County, Flaid~, hereina(te~ ds~iynated as tM "MORTGAGEf:' ~
WHEREAS Ih~ MORTGAGOR is jvstly indebted to ths MORTGAGEE in the ium of : [ O~a OQ , good and I~wful money oi ths U~~ted
Statet adv~nced by the MORTGAGEE unto the MORTGAGOR, es evidrnced by a certain promisswy note of ere~ date harewith, oi which ths foliowinp M
wwds ~nd iipurq is a trw topy, towit:
; 700.00 -16 bo
Fw1 Pierce, Flwida, Oc tober 3~ ~9 0
fw v+1w received, 1, we or eitha of us, pro~fm~se to/~ y, without defalcation, to the orde. of FIRST FEDE~tAI SA_VnIIrGS ANO IOAN ASSOCIATION Of
FORT PIERCE af Fapt Pieru, Fbrida, the sum of s r~~ w;th interest from date a~ ihe rate oA_!.~__96 per ~nnwn, in monthly initalE
ments as follows: 3-7_=~~ on the ~ day of T~e~@mber__, ~9_~_ and a like sum on t h p corres p w ~ di r g da y of e
a
c h m o
n t h t h e
r~
a(tea urttil the whole be fully paid.
Eath installment fi~st shall be applied in payment of the interest and then o~ the unpa~d balance of the princ~pal ium. li default is m+ds (n 1M
paymenl of any installment when dve, and such defaull continues 30 days, the~ at the optio~ of the iw(der, and without ~ny other nofice, al) the remaininy.
~nstallments shall be due arx! peyable at once. Priv~lepe is qiven to prepay this no~e in whole or in part at any time withwl penslty. Naither f ebearance,
rwr atcsplants by the holder the~eof afte~ any defavlt i~ any payments hereon, shall be deemed extenaion. A late payment charg~ of 0• shall b~
added to eath installment ~emaining unpa;d 7 day~ after its due daie, snd a I~ke sum shall be added to each such installrr~nt remaining unpaid 7 days ~fttr
each wcc~adiny payment date. ~
Each makei, surety and endoraer }~ereof, jo~ntly and seve•ally, warve: demand, presemmcnt protest and nonce of protest fa no~payment, and furtFwr
agreea to any ~xtenslon of time of payme~~, either before a aiter matvrity, without nor;ce to any of us; and to pay all costs of collection, i~cludinp a
reasonabk attorney's fee in the event of any default he~eunder, and hereby severally wa;ves all benef,t of homestead and exemption under the conslitution
and laws oi_ each State of the United States, as against this obt~gation or s~y exte~sion or re~ewal hereof,
Witnesa tFM hand and seal of eQ~[~~._ .
D'JE OH C(J1S~ ~ PAY~lEM Of TA~ (~AU
PURS;:ANT 70 CNAPT
R~T0T24E ~~~1. PROPERII?~ 3 A Z M
-
fOG~R POI~E~S, Cle:k Ci~: ~~#~9~~ i~ •
as A~ent for CANI~[ N. I(IYpyy~ ~R ~
1--~~n~ ~ State Reve~ ~ j~ ~+'e
(S?aw~r.w~ll~.o~ ~ri~i~al avle) ~OUL ~ . ; t : :
NOW, THEREFORE, the MORT R f ur o( secv~'ryg pa ent of aaid au~ ef S ~Q~~~~ y and fhs perform~nc* of tM
covenanb and a9reemenrs hereinafter exp?eu iw4k tonii0eetiona, by theu presents. does grant, bar9ai~, sell, temiss,
release, cp~v~r and confirm unto the MORiGAGEE, ib s~cte a ar~Q1s~j
a~ sin bL piete w parcel of tand, situstt, tyir~, and beirg in fh~
Counry d S t. Lu e i e , and Statew~ flor`'~a';'dewibed as tollows:
Lot 1 of the "Mrs. E. L. Davis Subdivision" of Lot 7
of the Resubdiviaion of the H. A. Wallace Subdivision
of the South 10 Acres of the SE; of thc~ S~~ of Sec~ion 1~
'_'ownsh= p 35 South, ~an;e !~0 ='~st, as surveye;i '~v Stepln
May 1, 1922 and recorded in ~18~ T3ook 3 at Page 82 St. Lucie -
County Records. The ?lat of the said Mrs. E. L~ Davis
Subdivision being recorded on nage 35 of Plat Book
r~ecords of St. Lucie County, Florida, ?
This is a second mortgage being inferior only to a first
mortgage Prom mortgagors to mortgagee dated August 27,
1970, and recorded :n 0. R. Book 166, Pages 2058 end 2059
of the Put~lic Records of St. Lucie County, Florida, ? -
- > _
~ ~'AT~ ~ t~- L U t;t i~~? r
~ ~ _ " TAMP ~A~'' J s
~ ~ = NOy-3'70 ~
F- V a .
~ ! 0 5~.
. -~Dj~ .
toQethu with atl ard singvlar the tenen~nts, Aereditame~b snd appurtances thKeunto belongirg a in anywi~ ~ppertainirg the~eto, snd dl r~nb, isswa, !
proc~ds and profiy acpuing and ro scuve from said premisa, alt of wAich ue included in the ~bove and faeQoin~ destript'wn and F~ab~ndurn.
TO HAVE AND TO IiOID tM sbove desc~ibed ar+d granted pr-miies vn?o the said MpRTGAGEE, its waesson snd a~sip~ fw~wr, Md th~ iald '
AAORTG}/1yG~O°R~
for thB iL' hein. executon, adminisfratws snd sssigrn, hereby ~oven~nb with tiw taid MORTGAGEE, its sutcessors and q~ipr~,
~haf -+~++~-Rl'-~3 Iswfully seized of ths said prem7us in fse simple: that th~ sam~ u~ frK, clsa? and dqc?yrpad f~om sl) liens and ~
bances i~ law w in equity, and that will ~nd t~"?E1~1.'` hein shall wsrr~m ~nd d~fe~d tM titl~ to th~ sam~ 1o th~ pid
MORTGAGEE, iri successors and ~ssigro, forever aga'u~st tl» lawful claims and demands of sll parsons;
PROVIDED, ALWAYS that if ths MORTGAGOR shall p~y unro the N10RTGAGEf ths promissay ~ote hercinbefon desuibed ar+d ~1y~1 iwly, p?pnptty
and fu!!y p~riwm, dixharge e:ecute, complete, comply with and sbide by each and every the atipulations, +preemenri. caditions u~d cove~nq of s~id
p?omiswry ~ot~ and of this Ahonyaqe, then this Mort9a4e and tF~e Estate hereby ve~ted shall cesse and be null and void,
IT IS UNDERSTOOD t1?it the word "Matgaga" whether in the iir~gular w pl~rsl anywhere in this Mwtysg~, ~hall be sinqula? if on~ only snd
ihall M plwal joinHy and seve~ally if more t1»~ one. ~nd that tF+e vv~d "the~r" ss used a~ywh~n in this Mortpa~ sh~ll be taken to m~an "FJs," "has"
w"iri.° whatvar th~ tontext w implies w admin. Also, tMt wherever thcre is a r~fe.ence in ~h. coven.nn .od apreemN,» herein aon~~imd ro any d
tF~ parties he~e% tM sarn~ ahall be construed ro mean a we~l ~s the hei~s, 1e9a1 representative~, ~ucu~son and suiprK (~ith~ vo~~M, ~~p
pa?tias or invohintary by opKation of the bw) of the sam~ and that the covenann herein contained sh+ll bind and iM b~r~fits and ~tapu iiwn
to the nspectivs Mirs, fyal repreicntativn, succeswrs and au~yns of the psrties f~ereto.
Md said Mortyayws, fa themsslves and their heirs, leyal ~epresentatives, successors ar+d suiyrK, htreby jo;ntly a~d s~vKally oovrnaM and prse
ro.nd with th~ sad AAORTGAGEE, irs wccessws and assipra:
1. To p~y dl ai+d ainpular tFie princ~pal and imerest uid the v~~ious snd sw~dry wms of rnoneY WY+~e bY ~w of ~aid promis~ory iaM, wid th4
morq+pe, s+d~ +nd ~wrr. promptly on tl+~ days nspettivelp tht isr~ ~ev~rally txcoerw dw.
Z To pyr dl ai+d w~pular tf~ qxe~, assKSn»na, tevies, liabititi~s, oblgations ard encwnbr~nas of ewry na+ur~ and kind now ae iaid dNa~d
v?aP~+b, w that hasafta may b~ irnpo~sd, wffKd. P~+ted, kvied, a aaess~d thena~, or th+t Iwr~aftN may M kvied a aaur~d upon Mi~ Morq.
~p~t, a th~ ind~bt~dr~ s~cured hereby ~ac!? a~d wery, wh~r? dw and paY+bb. aaordinp fo I~w, btion tF~ey bsoom~ d~li^9utnT. and b~(or~ ~n~r iiln~p
attaclx~ or any p~nalry i~ incurred; AND lNSOFAR AS ANY THFREOF IS OF RKORD iHE SMRE SHAII 6E PROMPTIY SATISFIE~ AND DISCHARGEp Qf
RECORp ANO THE ORIGII~iAL OFfKtAI DOCWNENi (SUCH AS, FOR INSTAtVCE, TNE TAX RECEIP? OR THE SATISFAC110N PIiPER GFfIC1AltY ENDORSEC
OR CERTIf1ED) SF1ALl !E PIACE~ IN THE HANDS Of SAIb MORiGAGEE WIiHIN TfN ~AYS NfXT AfTfR PAYMfM; and irt iht ~vNM that an~r ~r~of k nW
paid, iat:sfi~d and dischary~d sa:d MORTGAGEE may at ~ny t~me p~y tht fame a ury pHt tMrwf withovt waivirq a~ff~c~'uq ~ny optiqn, (iM, pui~y o?
•pM widar or by virtve of this mon9a9e and the full ar?wunt of exb ~nd every such payment shall be invMdi~ttly dw ux1 payabte ~nd shdl bw inl~t~st
~ron+ tly daM th~rrof until p~id at r~te of nine pe. centum per ~nnum ~nd top~t ;t yuch intsrest 1 secur~d by t1,s twn of 1h:s morptap~.
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