HomeMy WebLinkAbout2100 ; , ~ 2t1a5~4 ;~(;4~71 ~ ,
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THIS INOENTURE. lNad~ the 19th ~,y oi • Feba~arY A.D. 1971, b~:t~een
Kellv Construction Con~any~ a.Florida Carporation +
of St. Lucie ~a,;ny Ftor~d~, hereinafte~ de~ignated at the "MORTGAGOR," and FIRS~ fEDERAL $AVINGS AND IOAN ~
ASSOCIATION OF FORT PIERCE, a corporation wpa~ized and e+us~ing under the laws of ths United Statff of Americe and havirg its prindpal ptace of
bus~Ma in ~M City of Fwt PiKCS, St. lvci~ Cou~ry, FSaida, here~na(ter d*i:pnated as tM "MORTGAGEE:'
WHEREAS tht MORIGAGOR is jus?ly indebted ro tFr MORTGAGEE in the sum of 24~~•~ good and lewi~l money oi the Un.ted
Srates advanced by the MORTGAGEE un~o t}b MORTGAGpR, as evidencrd by a certa+n prom~sswy note of even date he~ewith, of wh~ch the foituw~r~g in
..ords and fyuret is a trw copy, to-wir:
s_24a.000.00 No 3-16.835
Fwt Pierce, ilwida, Febiuary 151, ~q_~_ I
fw value received, 1, we or eilher of us, p~omise to pay, without defslcaeion, ~o fhe o~der of FlRSi fEDERAt SAVINGS AND IOAN ASSOC{ATION OF `
FORT PIERCE at Fo~f Piette, Fbrida, the sum oi s 24 ~ 0~ _ wi~h interest }rom date at the rate of _8s_Q °o per annum, in monthly install-
.+ents as (ollowf: S 2O1 on the lsth day of June ~q_,_71and a!ike aum on the correspond~ng day of each moroh therc-
etter until the who7e be fuity paid.
i
Each instaliment first shaN be applied in paymrnt of ths interesf and then on the u~po~d balance of the princ,pal :um. If defauh is made in the
F~ayment ol any installment when due, and such de(ault continues 30 days, then al the option of Ihe hutder, and w~thout any othe~ nonce, ali the remaimng
~,srallrnents shall be due and payab!e at once. Privilege is given to p~epay fhis ~afe in whole or in part at any f'~me without penalty. Pieither fornbearance,
nor acceptance by tha holdc~ thereof afrzr any default +n any paymen+s iureon, shall be deemed extension. A late payment charge of ~O.OS_, ahall be
~dded to each installment remaining unpaid 7 days after its due dafe, and a like sum shell be addrd to each svch installment ~emainiitig unpaid 7 days aiter
each succeeding payment dat~.
Eath msker, surety and endwser_ }K~eOf, jointty and severally, waives demand, p~esentment protest and not~te of ~~otest for nonpayment, and further
og.ees to eny extensio~ of t~me of payment, eithcr before a after mawrity, wi~hout nofice to any of us; and to pay all coiq of colleuion, indud!ng s
rrssonable attomey's fee in the e~ent of any dcfault hereunder, and hereby severally waives all br~efit of lamesrcad and exemption under the constitution
end Iaws of each Seate of ~he Un;l.~d States, as against this obligation or any eatension w re~ewal hereof,
w~ness ~he ha~d a~d ua~ ot each party. KELLY CONSTRUCTION COMPANY
81~: s/ Kel~ Ha l, President ~at~
Corporate Sea2 Affixed (SEAI)
(SEAI)
~ $ 36 . ~ ) State Revenua (SE/W
csrsw~ps• e«+cell~ed ar ee+yn»I-ne?e)
NOW, THEREFORE, the MORTGAGOR fo~ the purpose of u~curing psymem of said sum of =24s~~•~ ,~nd ti~e pe.formance of the
covenants and agreemenr: hereinafter expressed, and fw divers Qood ind valu~bk co~siderstions, by these presems, does grant, barga~n, setl, rem~se,
reiease, convey and con(~rm unto the MO~TGAGEE, its succeswrs and ~uig~s, all that certain lot, piece or parcef of land, situate, lying, and being in ths
County of St. I~1Cie and State of Fiorida. dewibed as foflows:
The West 80 feet of Lot 2, Block 1 of Orange Blossoa Estates, First Addition,
as recorded in Plat Book 11, Page 38 of the Public Records of St. Lucie County,
Florida,•~
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; T ~ . :c RECEnYp ~
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~ z = - - = C'=E QN ~ fN PA'.'MENT
~ Q = . =:~~'7. . . ` - [l _ %:F.S.•'A~:l uOS~
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Bq PERS:NA~ PROPERN~'
U ` 1 y.~ J~~.~ _ r~G_ AC S .
w ^c.~~-Th~_:._:.,~~;:~ ='-~-J _ R PoI;f.A~, Clerk Circ ' OF 1941.
:/ft ~•;7a - _ ~G' _ as n~p Ui~ ~u~
. ae~..r r~i CANI~L N. KNOWLES,
St LuGe ~ur, 1R
fy Tax Collector
eY
~n' q,ERx
fogerhe? with sll and singular tbe tencments, hereditamenb and sppunances thereunto belonging or in anywise appenaining thereto, and all rent~, iuues,
p•xeeds •nd profin atcruing and to +ccrue from said p~emises. ~N of wli~ch are included in the above snd foregoinp description and Mbendvm.
TO HAVE AND TO HOID the above desuibed snd yr~nted prem~ses unto tFw said MORTGAGEE, its successors snd assigns forever. Arx! th~ uid ~
MORTGAGOR t4r ----1tS---- heir=, executors, administrstors and asaigru, hereby covenantt with the taid MORTGAGEE, its succtssors ~nd usip% S
+hat lt 1S ~~vit uized oi the said
Y premi~et in fee aimple: that th~ same ~r~ fres, ckar and dixharyed from ali liero Md ~ncum-
b~ance~ in Iaw o~ in equity, and that lt wi11 ~nd 1tS hein shall warrant snd defend the title fo the ume to th~ s~id
MORTGAGEE, its iuccessws a~d au~yns, faever ayainst the lawful claims and demards of all pcrw~s;
PROVIDED, AIWAYS that if fhe MORTGAGOR shaQ pay ~mo the MORTGAGEE tFw p~omiuwy note Ixreinbefwe dexribed ~nd sF~all truty, promptly
and fu(ly pe~form, d~scMrge, e:ecure, compkre, comp~y whh and ab~de by exA and wery the stipulat7ons, ayreameroi, condieio~a and covenana of u~d
promiasory note ar+d of this Monga9e, then this Mortyaye and the Eatate hereby veated shal{ cease and be nvll ~nd void.
IT IS UNDERSTOOp tfiat 1he word "Maty~Qw" whether in the tirqular w plvrsl snywher~ in this Mortgsge, shall be sin~ula? if one o~jy and
sh~ll be ptur~l jointly ~nd s~ver~lfy if more tMn on~. ~nd that the wad "their" as used a~ywhere in tF~'r~ Mort~pe sMll be taken to me~n °hi~:• ••FKn:' `
w"ib:' wherever th~ conteat w implies o~ admits. Also, ths/ wherever there is a ref~rence in tF?e covensnts and ~greem~nts herein contained to any o~ ~
ihe paniK hereto, th~ ume ihall be consfrued ~o mean a~ well ~s the heirs, tey+l representatives, i~ccesson and assi9~u (either wlunury by ~ct of the ~
parti~ o~ inrolu~tary by optr~tion of tM law) of tbs iam~ and tMt the covenant~ herein contained shall bind and the berxf~ts and advantaqp irwn ~
~o the r~spectiw he`rt, kyal represe~t~rivts, aucceswn snd au~yns of the parties hereto. ~
And faid Mwt9a9o~s, for themsetv~s a~+d their h~in, lep~l r~presentative~, iuccessori ~nd ~ssipns, hereby jointly and severally covenanf ~nd ~yne j
~o and with the said MORTGAGEE, it~ succ~~sors and ~uipro: ~
1. To a!! i~d ~i ula th~ ~nci I+nd inierest and tM wriout and w t
P+Y ~p W~ W ndry sum~ of rtwr?ey payable by virtw of s~id prom;swar nots, ~~d thw ~
mo~tppe, each and evsry, promptty on tht d~yt rtapectiv~ly tM s~rt~e s~r~r~lly becan~ dw.
Y- To pay •II and ~ingvlar th~ taYa. ~s~surwnt~, Iwies. Ii~biliY~s. obliyatior?s ~nd ~ncumbr~nt~s of every ~atur~ ~nd kind now w? said d~wib~d ~
D~oPKtY• a that her~~ft~r rrwy be impoted, wffe~td, plKea, bvied, or ~s~tassd therton, p tFut hereat~~r may 6~ levied a~siessed ~pon this Mor1~ t
~p~, a~h~ irdebredrksi ~ecu•~d he~~by, t~ch ~r+d twry. wM~ dw ~nd p~y~bl~, accwdinp to (~w, b~fw~ they becom~ delinquent. ~nd M(ws ~ny int~r~st S
atteth~s or ~ny pen~lty is intv~red; AND INSOFAR AS /lNY THEREOF IS Of RKORD TME SAMf SHALL aE PROMPiIY SATISf1ED AND DISCHARGEO OF
RECORD AND THf ORIGINAt OffIC1Al OOCUMEN? (SUCH AS, FOR INSTANCE, TNE TAX RECEIPT OR TNE SAtISFACTION VAPER QFfICIALIY ENOORSED
OR CERTIFIEO) SMAII OE PIACE~ IN THE NANDS OF SA~D MORTGNGEE WIIHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that any Ih~~eo/ if not
F~~d, sN slied and diuh~rqed ~~:d MORTGAGEE may at ~ny lime p~y the s~me or •ny part thereof wi~Fwu~ w~iving pr etfechr~ •ny optio~. lien, puity a
•~~ht undsr a by vi~tue oi tbis mortp~9e ~nd the (ull ~movnt o} eath and every wth p~yment fhdl be immedurely due •~d p~y~ble and iA~ll be~r int~nq
i.om the da~~ th~reo~~ ~~~„p,+ar ~_rate o( n~oe per cenl~m r ann~m and loqerlrr~v,~y,rj~inreresr •h~~~ secured by the fie~ ol th ~ ma9?ag~.
.J''~.t .cl~~ ~ 1~~ ~ BOOK i7U O
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