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Home My WebLink About2695 2Q6038 THIS INDENTURE, 1Nad~ the ~ 2th d~y of ~~h A.D. 19~~_ , brtween Robert W. Padric and Mnet Padrick. hi a rrife of _ S~i. LuC~B Couny Florida, her~ina(1er dcsgna~ed as the "MORTGAGOR," arsd fIRST FEOERAL SAVINGS AhR IOAN a.S5pC1ATION OF ~1DRi PIERCE, a corpo.ation a9ani:ed +nd sxisrin9 unda ~M Inw~ of the Un~ted S~atas of M erica u+d having its pr~ncipal place of bus~ness I~ tM Ciry of fort Pi~rc~, St. luci~ County, Florida, hertinafttr desiynated as tFw '(Y1(~RIOG~:~ WHEREAS tM MORTGAGOR is jvitly ind~bltd to 1M MORTGAGEE in the sum of S_ ~l>1 good and fawFul money of the Un~tcd Statet edvanced by tM MORTGAGEE unlo the MORTGAGOR, as evidenced by a certa~n promisswy note o1 even date hrrew~th, of wh:ch ths tollowir~ in .~orda and iigurq i~ a tr~~ copY, towiL• ! = 45,000.0o No 3-~6,881 Fwf Pierce, Florida, _ ~C~ ~ 2 ~9-s- For value received, 1, we w eithe~ of us, o ~ fo y, wiihout daf~lcation, ~o the order of FIRST FEDERAI SApVINGS AND LOAN ASSOCIATION OF FOl2T PIERCE a1 Fat Pierce Florida, the sum oi s~~~~'~ with interest from date a~ the rote of _ v_ _'o pr~ annum, in mo:vhly install- ~nrros as follow:: S 3?? - on th~ ~ 5th a,Y of _ April ~9_?~__ ~nd a like sum on the co~respond~rg Jay of each nwmh ~here- atte~ until the whole be fully paid. Each insialLneM fint shall be applied in paymenf of fhe interesl ar?d then on the unpe~d balance o( ti~e princ pal sum. If detault is made in the Farment o( any installment whrn d~e, and such default tontinues 30 days, fhen at the o~rion of the holder, and withou~ any other not~cr, all the rernaining ~nstallments shail kx due and payabie at once. Privilege is given to prepay this note in whole w in part at any time without penalty. N;tker~ofebearance, nor acceptance by the holder thereof aher any defauh in any paymeNS hereon, snall be deemed extension. A iate pay~r,znr charge oi S--ls~ 5-, snall be >dded to each installrne~it rema~ning unpaid 7 dars after its due date, and a like sum shall be addad ro each such instaiim~N remaining unpaid 7 deys aiter each svcceeding payment date. Each maker, su~ety and end.xser hereof, jointly and severally, waives demand, presentment protest and nu~ice of protest iw nonp~yonent, and further agrees to any eKtens~o~ of tlme of payment, either be(ore or aft~r mawrity, without not~ce to any of us; and ~a p>ay all costs of co~iacrion, indud:ng a .rasonable attomey's ~ee in the event of any deFault hereunde~, and he?eby seve~ally waives atl oenef~t of honxstead and cxemption under the coostitution and laws of each State of ~he United States, as against this obligation p any extention or renewal hereof. Witness the lund and ual of each party. a/ Robert 1~1. Padrick c~Au s e e. a r c ' (SEAL) . $67.50 ts~?u t ? srers aevenue . _ . _ ' !~5 000.00 NOW, THEREFORE, 1he MORTGAGOR fw the purpose of sec.rring psyment of ssid twn of i ~ and the perfwmance of 1he ccvenants and agreemenq hereinafte~ eYpressed, and fa divers 9ood u~d valwbl~ tOnside~atiOns, by these presents, does grant, bargain, se11, remise, release, convey and confirm unto ths MORTGAGEE, itt suttessws ~nd auig~s, dl tMt uttain bt, piece or parcel of Iand, situate, lying, and being i~ ths County of St. Lucie ~ Stste of Flor~da, dewibed ai fdlows: Beginning at the xater~s edge on the West shore of Indian River at the Southeast corner ~f I,ot 2, Section 23, To~mship 35 South, Range 40 East. From this starting poiut run West along the South line of said Lot to the i~lest line thereof, thence North along the ieTest line of the I.ot first abave described a sufficient distance so that a line run $ast from thence to the ~aters of Indian River and parallel to the South line of the Lot xill em- brace 10 acres of land, frnm the last described poirit run East parallel to the South line of said Lot first described to the xaters of Indian River, thence in a generally south- easter~y direction following the meander of Indian River to the point of beginning. ~ Excluding fraa this conveyance the right of Way of the Florida East Coast I~. as nox ~ located across said lsnd. The 10 acres above bounded being exclusive of said right of ~ay and being the South i0 acres of Lot 2, Section 23, To~mship 35 South, Range 1t0 East. Including Riparian Rights. ~ The North 80 feet of the follawing described land: ~ ~ The North 10 acres of Lot 3, Section 23, Trnmship 35 South of Range 40 East. Said 10 acres ; to embrace a stMp of land fro~ Indian R3.ver on the East to the i~est line of said lot, = and sufficient distance North and South to include ten acres. Including Riparian Rights. ~ E~ccepting from the above deacribed land the right of x~y of the Florida East Coast Railroad - and the right of xay of the public road, and lands described in Deed Book 118, page 113.+/ ~ , ~ ~ ~ together with all and singul~r the teneme~», hereditamenri and ~ppurtances therevnto belongi~g or in anywise appertai~iny therero, ~nd ~II renb, iuues, ~ ~ Proceeds and p?ofits accruing and to sccrue from said premiscs, all of which are incluJed in the above and foregoiny description and Mbtndum. ' TO HAVE AND JO HpW the above desaibed and Qranfed premises unto the said MORTGAGEE, its svccessors ~nd assigns forever. Md iM said z MORTGAGpR for ttieir executors, administntors and ata'gns, l~ercby covenants witF~ the ~+id MORTGAGfE, ita successws and aaipro, ~ rhat --T'hB~ a~ lawfully uized of 1he said premisss in fee simple; that tFw ssm~ are free, dear and disckaryed from all liens and encum- ~ brarxet in Isw or in equity, and that they w~~~ their heirs shall w~rrant snd de(end the title ro the ~sm~ to the said = MORiGAGEE, in iuccessws and assi9ns, forever sgainst tM lawtul cl~ims and demands of •II persons; PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTCsAGEE the prc+missory ~ote hereinbefore described and shall truly, ptomplly ~ _ and fully per/wm, diuMr~e, e:ecute, complete, compty with and ~b~de by e~ch and every the stipulations, ag~seme~ts, conditior?i ar.d covs~ants of said ~ oromissory rate and of this Mortga~e, t}mn thit Mortyays and the Estate hereby wcated shall uase and be null and void. # ~ IT IS UNDERSTOOD that the wwd "Mwt whether in the si ular w Iwal sn here in this 1Nort e, iFull be si ular if one onl a~d 3 ~ ~+ga~~ ^9 P Yw 9~9 Y shell be plur~l jointly and ~everally if more than on~, and thst the word "their" as used anywhere in this Mortga9e shsll be taken to mean "his;' "hen," y or "ib;' wherever the conteat w implies w admits. Also, tMt wherever there is • refe~ence in th~ covenants snd sgreements herein contained to sny of the parties hereto, the sam~ shall be constrved to me~n ~s well n tM heirt, kgal rtpresentatives, iuccesson and sssig~u (either voluntary by ~ct of the parties a inrolunt~ry by operation of the Isw) of th~ same u+d that the covenanrs Ixrein conteined shall bind and the benefita and ~dv~nts~es inwe +o the respective heus, kgal representatives, succeuon snd au~yns of the psrt~es hereto. " And said Mwtg+9on, fu themaelvp ard their hein, leyal ~~presentatives, wcceuas and aisiy~s, hereby joinUy and ~everally covenant ~nd ~ne to and with the ssid MORTGAGEE, its successors and +uiyns: f _ 1. To pay ail and sir+puls~ the principal u?d interest and the various and sundry wms of money payable by virtue of said promi~sory nofe, ~nd this s'" mortyaye. ~ach and ~very, promptly on the days resp~ctively 1Fw iame ~tv~rally becane dw. ~ - 2. To pay ~U ~nd s~rq~lar the ia:es, ass~~sm~nts, bvits, iiabilities, oblpatio~s snd encumb~nces of every ~ature ~nd kind now on iaid described %s prope~ty, w tMt hereafter may be impoad, wff~r~d. Plated. Iwied, o~ ~uesssd thereon. a tF~at here~her m~y be levied a~susied vpon this Morf¢ pe, or tl+~ indebtedneu iecured hereby, ~scl~ ~nd ~v~ryr, wMn dw ~nd pay~ble, xcordirg ro I~w, befwe tFroy become delinquem, and before u~y iM~rest anachts w sny penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKOR~ THE SAME SHAII BE PROMPTtY SATISFIED AND OISCHARGED Of RECORD ANO TME ORIGltJAI OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, iHE TAX RECEIpT OR iNE SATISfACT10N PAPER OFfICIAIIY ENOORSED UR ~ERi1F1ED) SHAIt BE pIACED IN iHE MANDS OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AFTER PAYMENT; and in the event that ~ny thereof is no1 pa~d, ut's}ied and dischuged ss'd MORTGAGEE may at aoy time psy the same w any part thereof w~~hovt waiv~ng a a1(ecring eny option, lien, eqvity a ' •~~hs under o? by virtue of this mortgage and the full ~mount of each and every such p~yment sh~ll be immediately due and payable and shall bear inlerest ' ~•om ?he dNe thereol until pald •t r~te of nine per centum per annvm ~~d toye~her wnh auch intere~t shall be secwed by the lien of th"s ma9t~ye. „r sec~ ~ ~ i; v i . . _ _ - ~ V~~ _