HomeMy WebLinkAbout2964 20625~1 ~r,
THIS INDENTURE. htad~ the. ~th day of • ~rCh 1~ i - - A.D. 19___71, b.tween
Philip Pearl end Blanche V._Pe_arl~his wife _
of St• WCle Covnty Fiwida, FlOf~IM~~N desig~a~ed ~s the "MOftTGAGOR." and fIRST fEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a co~pora6on oryanited +nd ex~~tinp unde~ th~ laws o1 1hs Un~ted Stat~i of Arnerica and having ib principal pl~ce of
b~i~nei~ in tM City oi Fw~ PiNCS, 5t, luci~ County, Florida, herein~it~r de~~yoatad tM "MORTGAGtE"
WHEREAS thf MORTGAGOR i~ jusNy ind~bt~d ro tM MORTGAGEE in the sum of S-14i~~• good and lawfu! money o( ~F~e Un~ted
Sietes adwncrd by the MORIGAvEE unto the MORfG/1GOR, as w~deixed by a certain promisso~y note of even dare herrw~th, of ~h~ch rt~e (ol;ow~ny in
..ord~ and ( u~e~ i~ ~ t~w topY. to-wit:
s 1a,00~,0o N,3-16,a~6
forf Pieres, Flaid~, ~1~IC~1 1$ ~9 71
For wtue ~cceived, 1, we or either oi ui, prom~se to pa wi~hovf defalcatiai, to the orde. of FIRST FEOERAL SAVINGS ANO IOAN ASSQCIATION OF
fORT PIERCE at fort P:rrcr, Fb~~da, Ihe sum of f___14~~~•~ w~~h interest i~wn dete at the rafe o(~.~o~er a~i~um, irt monthly ins~all-
•,rnq as (ol!ows: S 12~._OO _~~hr 1$Ltl day of _s~ulY 1q-71 _ anJ a IiAe wm on the carespond~ng day of each mon~h there-
a!ter v~Hd th~ who:e be f~liy pe~d.
Each insta'~~~~rnt (frst shall be appl~rd i^ paYmenl of ~he ioterest and ~hen on the unpa~d twlance o( the p~i~c.pal sum. li dria~h is made in the
~~e;m~nt Of any +na~alime„t whrn dve, and such default continues 30 days, then at the op~~on of ~he ho:der, and without any orher not~ce, aSl the ~emeining
~~siall~nents shail be dur and payable at once. Privilege is ~~ven 1o prepay thia note in whole or en parl at any t~n,~ w~tl~out pe~~alty. Neither forebearance,
no~ atceptante by the holeler ~hereof after any defaulf in any paymrnta hereon, shall be deerned eatrns~on. A iate paymem charge of S6 - zhall be
,~:idtd to eath insta!~n.e~~t remaini~g unpa~d 7 days a(t~r itt c~ua c~ats, ar~ a like sum shall tx addrd to each suth insfaUmen~ ranaining unpaid 7 t~ays aftef
each succeed~ng paYm~nt d~te.
Ex6 maker, surety and endorser htrtof, jointly and severally, w~ives demand, presentmer.t protrst end no~ice of pretest ior nonpay~n~nl, and further
egrees f0 a~y eatenswn of nme of pay~nenl, eithcr be~ore or aNer matu~Ny, without notice ~o any o1 us; and +o pay all costs of coLeuicn, indvdng •
~~.+sonabie anorney's fec in the event of any defauN hereunder, and hereby severally waives ail nenef~t of homest~ad and earmpnon under the coastitution
,,~•d laws oE each State of the United Sretes, as against this obligs~ion or any extenaioo a renewal hereof.
Wimess ~he hand a~x! sra! of each partY•
/s/ Philip Pearl ($EAL)
' ~ : ~ ; ~ 1. tsE~t)
• •r ,.1, /s/ Blanche V. Pearl
ts~w
$ 21 ' ~ ? Stat~ Rev~nw • ~ ~
l- -
purpou of securirg p~yment of s~~ sum of S snd the performance of the
NOHV, THEREFORE, the'M.7~RTGAGOR for ~M 14 ~ OO~. OO
covenants end agreements here~na(rer expresstd, and fw diver~ Qood +nd wlwbb aons~derstions, by these prearnts, does grom, bargai~, selt, rcm~se,
~~~:ease, coovey and confirm yroo tbe MORiGAGEE, ib succcswrt and assi9ns, ~tl tF~at certain lot, piece or parcel of land, situate, ly~ng, end beirg i~ the
County of St . l.uC 1@ stat~ of Florida, dewibed ~s follows:
?he South 24 feet of Lot 6 and the Nozth 48 feet of Lot 7,
Block 11, SILVER IAKE PARK ADDITION, as pez plat thezeof
recorded in Plat Book 10! page 8~ public recozds of St.
Lucie County, Florida,
- .:r rL_vi-~{VN j~
w} ~j ~ A ~ C D_
~S i p;~;F) 1-aX ~j a~~ IN PA~~~~4
p~?ERj'1.
' DOGVi•1EN A-: . ~ ~ = RECE~~ INtA~1~1BLE ~~~s ~f 19~1-
~ _ S ~
4 ~ Z = l1ARli'~1 ~`I'.,.: O o= D'JE ~N ji ~ CIiPP1~R 207?
~ ~d
` _ ~
` ~ p ~ '-~~L ~ r_ p1;pS'.;t?t+ ~~RAS ~e~k Ci~cu }
s r V CpMPfRvLL£A ~R QO ' LE R'
R pg. i9otias F.~' ent to~ DANIEL !1. KNOW
: as (~B jax fAllector
~ luc~e ` ~ ~
N CIE~K
~ By
s ~
E Together wlth all ~nd si~gufar tlx tenemenn, heredit~ments and ~ppu~bnces therevnto bc{aging a en anywise appenaininp therero, and •II rtnts, issws,
a FroCled! ~nd p~ofih acauing and to accrue from said premises. •II oF whicfi ue included in the abow ~nd fore9oiny description snd habendum.
~ TO HAVE AND TO HOID the above desaibed and yranted p~em+ses unto tM s+id MGRTGAGEE, its successors and auiyns forewr. Md /M aid
theiz
~ MORTGAGOR Fw he~n, eaecutws, ~dministrators ~nd +uiyr+s, hereby covsnants with the said MORTGAGEE, it~ succ~ssors +nd auipru,
~ 1ha~ --th~ar_e__ ~:Wr~n„ ie~:ed of ths s+id prem~ses in fN simple: tMt tM ~eme s~e (ree. ckar •nd dischu9ed from all I~eru ~nd ~ncum~
~ brances in Iaw o~ in equ~ty, and that they w;ll and thei~ ~~n ~?w~~ W~rrant u+d defend tht title to the sarrM ro ~M i+~d
~ MORTGAGEE, ib successo~s and assiyns, forever apainst tF~ Iswful d~ims and dema~ds of all prsons;
4 PROVIpEO, ALWAYS th~t if ~FK MORTGAGOR shall psy unto tix NlORTGAGEE tM promiuwy note htreinbefor~ described ~nd shall truly, promplly f
snd fully perfam. d~uharge, eaecure, comptN~, compty with and abide by each and erery the stipulataons, agreements, conditio~s and covsnants of aid
prom~sso~y note and of ~his MwtyaQe, then this Mat9s9e a~d the Est~te her~by u~ated shall cease and be null and void.
< IT IS UNDERSTO00 tMt tF~ word "Mwty~qw" whether in tM sirg~lar w plunl anywlxre in th~s Matgage, sMll be sirgul+~ if on~ only ~nd
j sMll be plural join~fy ~nd severally if mor~ tM~ one, and that the wwd "the~r" as used snywh~r~ in thh Mor~y+9e ihdt be taken ~o m~an "hii;• •.hers•.
x"it~:' whereve~ the cmtca~ w implies w admits. Alw. ~h~t whtrevN then ii • reference in the covenants and ag~eemenn her~in comained to tny of
rM p~nies hereta, the iame shall be construed ro mt~n as wsli ~s tFw heirs. leyal r~presentativet. svccesson ~nd assigru (either volunury by ~ct o1 tM
K ~a,ties or involuntary by oper~tan oi ttx law) of tM s+me and that Ihe covenants herein contained ahall bind snd tM benefits and adv~nlapes inure
eo the respective he~n, le9at rep~esentatives, wccessors and au'9ns oi tFN partits Mreto.
And said Matgapors, fw tMemstlvtt and their htirs, kyal r~presenutivN, successon and auyns. Mreby pintly ~nd s~v~ratly cor~nant snd apr~t
~ ro a~d wnh ~he uid MORTGAGEE, its succ~~wra and aupra:
1. To pay •II and sin9ular the prtntip~l and int~rtst u~d tM wrious +nd wndry sw»s of money payabl~ by virtue of s~id p?om~ssay note, +nd thi~
~ mort~a~e, each and wery, promptly on tht d~ys respectively tM sam~ s~r~r~lly b~can~ dw.
2. To paY ~II u~d s~npuler the t~:~s. ~ssKUrwnn. Iwies, liabiliti~s, oblpatiorn ~nd ~ncumbrance~ of wery natwa and k9nd now on s~id dexrib~d
Y pos~A, wff~r~d. Pl~t~d, levied, o~ ausss~d thtnon, a tMt her~after may b~ lev~ed w~ssass~d upon this Mafp-
` property, or that he~ea(t~r ma b~ im
ap~, w tF» ind~bredness secur~ he.eby. ~~ch ~nd ~very, wh.n dw and payb~e. ~ccadirg ro law, b~ta~ tMy becom~ delinqusnt. ~nd b~f«~ ~ny intK~s~
a+!aches w any penalty is i~t~rred; AN~ INSOFAR AS ANY THEREOf IS QF RKORD TME SAME SHAII 8E PROMPiIY S4TISFIEO AND DISCHARGf~ OF
~ RECORD AND THE ORIGIhAI OFFICIAI DOCUMENT (StKH AS, FOR INSTANCE, iME TAX RECEIPT OR THE SATISFACTION PAPER OFfICUIIY ENDORSE~
OR CERTIFIED) SMAII SE PIACE~ IN iME HANDS OF SAID N10RTGAGEE WITHIN TEN ~AYS NfXT AFTER VAYMENT; ~nd in tM tvent Ihat ~ny tMr~ot i~ not
~ pa~d. wr sf~ed ~nd disch~rped a~.d MORTGAGEE m~y ~t ~~y hm~ p~y ~ht ~ame a sny part ?herw} w~thout w~iviny w a(Fec~inq any option, lien, eqviry or
~ ~~~ht under or by rnrue o1 Ih~s mo~type ~nd the (vll ~movnt of each and every ~uch payment shalt b~ immcd~ately dw and pay~ble and shall 6~ar +Naq~
- ~•om ~he d~te th~r~o1 until p~~d ~t rare of n~ne per centum per •nnum and ~oyNher w~th s~.ch ~roere~t sh~ll be sec~r~d by the lien ot th:s mo~ytsyt.
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