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j THIS InDENTURE, lNad~ the 2nd day of MarCh A.D. 19~?l, bce~een
John E. Mor9an and Mary JanQ MorQan~ his wite ,
of St• ~C1Q Counfy Florida, At«inahK d+ignated as the "MORiGAGOR," aM' FIR51 F~DERA[ SAVINGS AND IOAN ~
ASSOCIATION OF FORT PIERCE, a co?poratron orpan;z~! a~d ex~s~iry under tM laws of the Umred Statos of Amsrica and havin~ its princip~l placa of ~
bu~,nsu in iM City of Fort P,~.cs, St. l~cw Cov~ty, Fiaida. Iwreinah~? desg~u~~d ~s tM "MORiGAGEE: •
WNEREAS tM MORTGAGOR is jv~tly indebt~d 1o tM MORIGAGEE ie the sum of S 5~~~ good and lewful money ol the Un;tcd
Sfetes advanctd ~y the MORTGAGEE unto t~x MORTGAGOR, ~s evidenced by a te~la~n promiuory nore of even date herew~rh, of wh~ch the foitowic~ in
Ho+ds ~nd f;yuret i~ a vw copY. ~o-wit:
z 500. 00
~ 5-16~860
Fo?t Pierce. Fla~da. MazC~i 2 ~q 7 j
foa value teceived, 1, we w either of us, promise fo pay, wi~hout def~lcat~on, to the order of FIRST FEDERAI SAVlNGS ANO LOAN ASSOCIATION OF
F.~RT PIERCE at Fort pierce, Fbrida, ihe sum of ~ 5~! w~th ~nreresl from date at the rete o(~al~-_ ; per en~wm, in monthly fnitall-
~-~e~,ta as fo~!ows: S-- 5!~_ on the lsth day of Aprll 19___71_ ancl a fiAe s~rn on ~he corrrspond~ng day of each monfh there-
arrer umil thr who:e be fu11y pa,d. ,
Esch instal~~ixnt first iMll be a~piicd ir~ paymaM of ine interesl and then on tl~r unp~~d tu~ance of ~he pr~ni pal w~n. If drfault is made in ths
~ a~mrnt of any inftal:ment whe~ due, and such def~uh torUinuet 3p days, then a1 the op~~on of t{~e hoider, and vvithout any arher rwnce. a11 ~he remeininQ ~
nsrellme~rs shail be due and payablc at once. Privilege is 9ivm to p?epay thia note in whole or in pert at any t~n,e withoui ~>enafty. NNithlr (orebeara~te,
nar atteptance by the hoider thereof aitcr any default in aoy payments hereon, shsll be deemed exfension. A late payment tharge of s_ 25 shall be
_~dded to eacA installmaM remam;nq ynpa;d 7 days ~hN in dw da+e, and ~ Gke sum ahall Ge addrd to each suih in:!ai;meM remair.ing unpaid 7 dsys s(ter
exh succeeding paYm~nr dare.
fxh make~, surety and er~dorser hereof, joinlly and severally, wa~ves demand, p~esent:nenr prors? and no~~.e oi p~otea~ for nonpaym~nt, and lurther
agreea ro any axtension of t~me of payme~t, either before a aiter maturity, wifhov~ nohce to any of us; and w ~~ay a~l costs of coflecr~on, inciud:ng a
reasonable attomcy h fee ~n ~he evant of ~ny defeulr hereunder, and hereby severally warves all txnef~t of lw~nrs~ead and etcmption under the co~stitWion
a~~d tav.y of eacA Srare of ~he U:+~ted Ssaers, as aga~nst thit obl;gation p a~y ex~ens~on or renewal he;eaf.
Witness fhe hand and xal of ~~ch part~.
' ~s/ John 6. Morgan ~.,~i~
~ " 1 ~ Z :
~ ~ r ~ - (sEAt)
~ . - - ~ r / Mar y Jane Mosgan (SEAI)
c 0 • ~5 ~ sun a~w~~,. . . . . . csE,~?U
NOW, iHEREFORE, the MORTGAGQR fw the pvrpose of seCDrirg paymeni of ~a+d~ tum of = 5~ and the performar+ce of ths
cevenanri and agreements here~naftsr expretxd, aed fw dive?t Qood and valwblt tor?siderations, by tFxx presents, does grsnt, bargain, se~l, remise,
re:ease, convey and confi~m unto tht MORTGAGEE, its succeswrs and assiyns, all thal ce+tain bt, piece or parcel of land, situate, lying, and beinp in ihe
County of - SL. LtiCle ~ and Stats of Ftorida, dexribed ~s iollows:
Lot 24, Block 45~ RIYER PARK - UNI7 NO. S, as per
plat thereof recorded in Plat Book 11 ~ page 31, 0 4
flllf:ttRNf ~ ,Y
i.1h ~ ~ public records of St. lucie County, Florida~ ~
~ ~O ot
~ ~a~ o { d~y r ~ ~
lil i S ?r"u ~
...r 4
1 Ur ` ~ r~~ ~ 2 ~
4 GE-~..rs~~
a"- 2his is a second moztgage, beinq inferior only to a~~`~
11z~i.. ¢ a prior first aortgage frcm John E. Pforgan and
.:~g M~ Mary Jane Morgan, his wife~ dated February 16, ~o ~ o~' ~
= a~ 1971, and recozded in O. R. Book 190, page 807~ Q~
o~ o~ public zecords of St. Lucie Count Florida ~o~ g~-~
J)o,ln~~~n~wa v, • y. W~~~ ~
~a~ ~ 3
~o ~ ~ ~ ~
Jl1Nl10~
3J~f11 '1S
rogether w~th :!1 snd sir~gular the tenemenn. Aeredtamenn and ~pQvrtances thereunto belonying w in ~nywise apperfaini~y thereto, and all rsnts, issues.
p.oceeds and p~of~ts xcru~ng ard to accrue from ssid pem;ses. •li oi which ~re included in the above and fas~oinp desaiption and habendum.
TO HAVE ANO Tp F1pLD the above described ~nd ~ranted p?emiia unfe the said MpRiGAGEE, its wccessors and assiqns fwever. Md th~ ssid
thear
MORTGAGOR fw he;ri, •executon, administr~ton and auig~n, F+creby covs~unn with the ssid MORTGAGEE, its tucceuors ~nd ~asiprr,
rhat - LheY ~e-- Iswfully seized of tfi~ said premites in fe~ ~imple; that the ism~ ue free, ck~r and dixhsryed from ait 1'~ens and ~ncum-
b.~nces in law w in ecZuiry, and that thev will and their hein shatl warrant and defend the titte to the sarr» to tM said
MORiGAGEE, in succrssors and ~uiyns, forever apairat tht lawful clairta and dema+xls of aIl perw~s;
PROVIDED, ALWAYS th~f if the MORTGACsOR shall pay unto the MORTGAGEE the promiuory note heteinbefore deuribed and shal! trvly, piomplly
er+d fuUy perfum, d~ttharye, esecvte, compiete, comply w~rh s~d ~bids by exh and wery the stipula~ions, agrccments, ca+diiiom and covenan» of sa~d
P.om~ssw~ note and of th» Mwtysye, rhen rhis Mwtyaye and tF~e Esr+te hereby aeated sMll cease ~nd be null and vo~d_
IT IS UNaERSTpOp that the word "Mo~t9aQw" whethe~ in the su~yula~ w p(wat snywhere in this Mortgaqe, ~latl b~ sirgutar if ory o~ly and
shall bs plwa! joinrly and severalty ;f mor~ tFwn one, and that the word "their" a: vsed ~nywhere in ti~is Mwt9ape aF+a~l be bken to me~n "his; •••h~n; '
w"its." whereve? the context w implip a admin. Al~o. that whe~ever there is a reference in th~ covenanrs and ~preemeMS herein contained to any o1
rhe p~rt;ei Mreto. the sarr~e shall be construed to ms~n ~s weN a tht hein, le~al rspresentatives, successors ~nd auigns (either volunt~ry by ~ct of tM
p+rties a involuMary by ope~atiw? of the bw) of the ~artro snd that Ihe covenann herein contair?ed shalt bind and the be~efits and advamsQp inw~
ro the respectiw heirs, kyal represem~tives, succesaors and asYyns of th~ p~rti~s hcreto.
Arx! said Mutyaqws, fa tfiemsetves arx! tFieir heirs, tepat rep~esentatives, successon ~nd ~uipm, hcreby jointly and severally covenant ~nd apr~e
ro ~nd w7th the t~id NWRTGAGEE, i~i wccessors a~d ~ss;yns;
1. To p~y ~II and iirgvlar the prinapal and intaest u~d the wrio~ra snd wndry sums of mw~ey payable by virtue of seid promiuorr not~. ~nd this
R+o.~9+~. ~ac~? .~d .~ry, aompdy a, rhe d.y. .~P.cnwh rt,. s,r+~. •.w..uy e.com. d~,e.
2. To pay all ~nd sinpvla~ the taxp, ssseasrr~nt~, levies. li~bilitiei, obliyations and encumbr~ncp of every natun and kind now on said desvib~d
property, or that F~ltNfiN nwy be impo~ed, suffa~~d, pl~ced. kvied, a aneued tF+Keon, a that hereafter may be lev~ed a aascssed vpon thi~ Mwt~
~9e, or rh~ i~debtedness ien,red hereby. fK~l a~ fYflY, wMn due and p+yable, aaadirg w law, before they becon,e delinqua+t, and befae ~nr IMNHt
•TTKhlf Of ~l1p PlMITY is incvrred; I1ND INSOFAR AS ANY THEREOF 1S Of RKORD THE SAME SHAII BE PROAAOTIY SATISfIED AND OISCMARGE~ OF
RECORD AND THE ORIGIFfAI OFfIC1Al DOCUMENT (StKM A5, FOR INSTANCE, THE TAX RECEIPT pQ THE SATISfACT10N PAPER OFFICI/1llY ENDpRSE~
OR CERiIFIED) SNALL EE PLACED IN TME HANOS df SA~D NtiORTGAGEE WtiHIN iEN DAYS MfXI AFTER PAYNIENi; and in Nwe erent that ~ny thereof iy not
pa~d, s~t ified •nd d~schsrged sa:d MORTGAGEE m~y at any t~me paY the same w any part tF+ereof withovt wsiving q affectirg any option, lien, eq~ity or
•iaht under or by virt~ of this mong~ye and tiK fult ~mounf of e+ch and ~rery suth payment shall be irsuned'utely due ~nd payabte s~d sMll bear interest
~•om rhe d~te thereof vn?71 pa~d +t r+re oi n,ne per centum per annum •nd topethr~ w~th such inte s hi~ ured bY t~~ROf ~h:i moryr~pe.
B~OK 1c7U 17 4
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