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~b~' TKIS INOENTURE. M4d~ tfi~ ~ 5th ~y of :
ebruary ~.p. 19_~~ beT~.«,
Patrick B. i,ally and Judith A. La].Zy~ his Wife , .
of ` t. uC e County Fiaid~, hereir~a(tN dasignared a~ tht ••MpRTGAGOR," a~d FIRSi fEDERAI SAVINGS ANO IOAN
ASSOCIATION OF FORT PIERCE, • cwpaat~on oryanired +nd ~xis~inp under tM I~ws of tM United S+a~~~ of Arn~riu ~nd havir+p its principal plac~ of
busin~a in tM Ciry of foA PiKn. St. l~ci~ County, Florida. herein~f~er daiy~ated ~s th~ RTGAGEE,••
WHEREAS tM MORTGAGOR h jvitly indebt~d ro tF» MORTGAGEE in IAe sum of s 0~ good ~nd law(u~ monsy of the Un~ted
Statts advanced by ~he MORTGAGEE unto tM MORTGAGOR, as evide~ced by a certai~ p~omiuory nott of even datt h~r~wi~h, of which IM followin~ in
wwds uid fiyurK q a 1rw copy, to-wit:
z tu,oo~.UO ~ 5-16,803
w.r P~.~.. F~.~d.. February 1 S ~9 71
Fa vaiw received, 1, we or either of us, promise tt-o withou? defslcation, 1o tAe order of FIRST fEDERAt SAVINGS AND IOAN ASSOCIAT~ON OF
FORT PIERCE af Fo~t Pierce, Florid~, ?he sum of s ~ 4~~' w~th interest from date at the rafe of 8•[ °Je pe~ annum, in monthly install~
menfs ss folto",s: i ~ 3~•~ en tF~e ~ 5th day et April ~q~ ~ tike sum on the correspond~rq day of each month the.r
after until the whol~ be fully paid_
EacA insta:lmt~t first ahall be applied in payment of the interest ~nd then o~ the unpa~d batance of the princtpal sum. If defautt i~ made tn the
paymeRt of any ina?ailment whan dw, and such defautt con~inues 30 d~ys, then ~t the option of 1hs holder, ar+d without any orhrr notite, all tF?t remaining
~naullmeots shal. be due and payable at oncr. Privile~e is givc~ to {xepay tfiis eote in whole o~ in part at ~ny time without penalty. N~either fwebN~ant~,
nw acceptance by the holdN thereof aftr a~y default ie aoy paymenti herea~, shall be deemed exunsion. A laro payment charyt of 6i • 90 , shaH b~
added to eac1~ insraNment remaining v~pa~d 7 days altes i» dw date, and • like aum shall be sdded ro each such ins~allment remaininq unpaid 7 days ~fter
aach svcceedinq paymem date.
E~ch maker, surety and endorse~ he~eoi, joinrly and severally, waives demand, presentmeM protest and ~otice of protesi fw nonpayment, ~nd furiher
agrees to ~ny extensan oi time of payment, e7thc~ befo~e a after malur;ty, without nat~ce to any of us; snd to p~y all co~ts of collection, incl~d~rg •
reasonabk attwney's fee i~ tF~e everd of s~y de(auN herounder, and hereby severally waives all benefit of homestcad and eaemption under the constitvlion
and laws of each Sute of ths Un~ted States, aa against this obligafion w ~ny exrension ot renewal hereof.
Witness th~ hand and ieal of each party. , 4.
s/ Patrick B. Lal~~ ~
s Judith A. Lally ~U
cs~w
( ~ ~ ' ~ ~ St~t~ Revenw
t
pu pos~ of securi
NOW, ?NEREFORE, the MORTGAC~OR fw the r ng p~yment of said wm of ~ f~~~~ ~ ~nd the pe~forma~+u of th~
covenanri ~nd ~eemenri he~einafttr txprsssed, u~d for diwrs 9ood and wlwbl~ conside~ations, by thet~ presents, do~s yr~nt, baryain, self, remise,
release, cw~vty ard conf'am unto tFr MORTGAGEE, in successors a~d assyns, ~11 that urt~in lot, pisae w pucel of iand, sitwte, lyi~g, and beinp in th~
~,~M ~ $t .~.11C1P and Sat~ of Flwid~, dncribed „ fdlows:
The North 199.l~2 feet of the Sout~ !~R3.7$ feet
of Govercu~ent Lot 3, in Section 18, Township 36 South,
r~ ~~C}~
o i ~t.ange lt1 East, less a 100 foot Right of Way for Florida
- f:~~ - ~
cv :ast Caast Railroad and less a 30 foot Right of Way
V' f
,~_,,-s.~•~,\.~ ` £or South Indian River Drive all in St. Lucie County,
_ . ~
1 .,~c~:~~l~ F2orida, Q~
s~ Z ~ .a ~ ~
ti' ~ m RECEtVED j.~°'~ IN PA'!HENT OF TAxES
L=~ a=~ D:SE OH CU1SS 'C INTANGIBLE PEs.SCHAL P30PERTY,
' a p P:l3S2;~4T 70 CHAPTER 2t?721, ACiS Of 1941.
l
2~'' ROGCR PolTRAS, qerk Cirwit Court
''~:~Ili:lllt!~n:
~ ss Agent fot DANIEI N. KMOWLf~, JR
~ A:.ldC10~ St Lucie Tu Co[lec~or
3?~i21 '1S By `L
o~un c~r~c
toqetlw with all and iinp~lar tM ten~nwnts, hereditsments and appurbr~ces thereunro b~laginy o~ {n anywiie ~pperqin(rp ther~to, u~d ~I! renq, hsw~,
procseds and prof~ts acuuinp and ro acuw from ssid premises, all of which an includ~d in th~ ~bov~ and fwpoirg elescription u~d h~b~ndum.
TO HAVE AN ~Op t101D fht above dexribed and 9ranted premiaa umo th~ s~id MORTGAGEE, in waesson and assiyns fo~~wr, Ard tIr qid
N40RiGA+G~,O~R~~for lr - F~eirs, execvtort, administraron and auiyro. here6y oov~nsnts with tM taid N10RTGAGEE, Ha wcc~s~as ~nd assipen
eMt -~+~X-~+-- l~~,,,fuly seiur! of ths ~aid prsm;s~s in f~e simpl~; that tM ~arn~ u~ frN, cbar and discharped from all fi~ns and ~ncu~n.
b+ances in law a in ~quity, and that t hey wi{I and the ~r frin shalt w~rrant ~ad dtfa~d tht titb 1o tM t~rnt to th~ pid
MORTGAGEE, in wcoes~ois and us;grn, forev~r ay~irot tl» lawful ctaims snd demands of all p~rsora;
PROVIDED, ALWAYS that if th~ MORTGAGOR sh~li pay ~nfo the MORTGAGEE t!N promiswry not~ hersinbefor~ d~scrib~d and sha11 trvly, promptly
and fu~lY perfwm, d~sch~rq~. ~xetwt, compf~t~, comply with ind abide by esch and ~wry the stipulafions, s~ree~r~eny, cenditio~s and cpv~rynK o( Md
prom~uory not~ a~d of thb MwtQape, then th;s Mwtgap~ and the Esfste hereby veated sh~ll t.~sk u~d be null and void.
IT 15 UNDERSTOOD th~t ths word "Mortyspw" wl+ether in tFw sirguf~r or plwal mywh~n in tha Mwty~pe, sMll b~ sinpular if on~ only and
~hall b~ plw~l jointly ~nd ieverally if mor~ tMo on~. ~nd ~hat the word "th~ir" n~) anyM,Iwr~ in tF~is Mo~t9ap~ shall b~ tak~n to m~an "ha;• "Mn••
w"its," wf~ei~vM the conte~ct w implie~ or admit~ ellw. tM~ wl+Keva there is ~ r~ferenoe in tM cownan» and pr~eemK?n 1»r~in oontairwd to aiy of
rM panies Mrero. Mr ~am~ shal! b~ coronued w rrwan as w~ll as tM h~irs. Ip~t npKent~tives, wa~swn N+d ~uigns (~ifher vdumary by act of the
panies w involuntary by operatio~ of the Iaw) of the iarM a~d that the covenann i»rein contairnd shall bind snd tM ben~fiy a+d adv~ntap~s inwt
ro tt» r~sp~ctiw hein, bp~l np.ssenuriv~s, wcces~ws and a~~~a of tM parties ha~ta
Md said Mortpapors, for th~ms~lws and their hein, Isy+l repreaentaliva, wcuuws and astgns. F~tr~by jointly and kvKally tovtn~nt a~d ~pr~e
ro~nd whh fht Nid MORiGAGEE. its succesyon ~nd auiyro: _
1. To pay rll and si+rg~rlar ths pr7er~pat and interest and tM various and w~dry sums of money psy~We by virtw of said promiuwy not~, a~d t!~
~o~yap~. ~+d~ and fvery, p~omptly on flk day~ rKpecrively tlw sam~ sev~r~lly b~cwm du~.
4. To p~y ~H ~rd siigvls the uaes, assesurwnts. Iwi~s, liabiliries, oblgat~om ~nd eeKwnb~~ncas of ~wry natw~ and kird now on s~id d~wlb~d
P?opxtY, a tlut Mre~h~r maY b~ inywwd. suffK~d, pl~ced. Iwied, a+~eswd tMrswi, a th~t MreaNs~ may b~ kvad a useskd upon this IIAwp.
age, a ti?e ind~ebtednesr s~cvr~d hereby. ~ach and wary. wh~n dw and p~yaWe, accordirg w l~w, b~fw~ thep becom~ delinqwnt, ud befw~ a~ryr intKeN
attaches or ~ryr pendty is intwrtd; AND INSOFAR A$ ANY TNEREOF IS OF RKORD THE SAAAE SHi~ll 3E PROAMTIY SATISf1ED AND DISCMARGEO OF
RECORO APW TliE ORIGINAL OffIC1Al OOCUMENT (SUCH A5, FOR INSTIlNCf, iME TAX RfCElPT OR TME SATISfACTlON PAiER OffIC1AtLY ENOORSED
OR CERSIfIED) SMAU dE PIACED IN THE HANDS Of SAID MORIGAGEE WITHIN TEN OAYS NEXT AfTER PAYMEN?; and in the ~ven+ tMt ~ny tl~~of ft ~01
paid, s~r'sfwd and diuhatged ss:d MORTGAGEE may st any rime paY the sartit or ~ny pan Nxreof wiflw~t waivirg a~ffedinp any oprion. lien, p~ity p
•:qht ur~der a by rirtue of t??is mortqaye and th~ lull amovnt of each ~nd ~very wcF~ paymem shail b~ imm~diately dw ~nd p~yabk and shall bear int~rat
~rom tFae d~te ~hertof until paid at r~te of ni~e per centum per annwn a~~ yF~yth such in~tl be secured by rhe lie~ of th:s moryta~e.
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