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HomeMy WebLinkAbout0675 2~s69i , : . . ~ THIS INDENTURE, Msds tM lbth day of March A.O. 19?1 , L~iNeen Buccaneer Buildinc~ Corpoxation, a Florida CozporatiQn of St. WCie Counry Floieda, M?einafter detignsted as the "MORTGAGOR;' and fIRST FEDERAL SAVINGS ANO LOAN ASSOCIATION Of FORT PIERCE, • corporation ayaoi:ed and existinp u~da the lawi of the Un~tcd 5!atQS of America and having iti principai place of busir~si i~ tM City of Fwt Pi~rce, St. lucie County, Fbrida, herein~fter d~:iynared as the " ORTGAG E.° WHEREAS tM MORIGAGOR is jusfly indebted to the MORTGAGEE in tbe sum of ; ~3, 30~ _ g~ and lawful money o( the Un~ted Srates advanced by ths MORiGAGEE umo the MORTGAGOR, as evidenced by a cer~ain prom~ssory note of even date herew~th, of wh:ch ~ha iollow~ng i~ No~d~ and figures ii a trus copy, to-wit; ~ s 13.300.00 ~_3-16~8~9 ~ Fort Pierts, Flwida, M~rch 1~ ~q '~j ~ Fw value ~eceived, 1, we a either of us, promiu to pay, without defalcation, ~o ~he order of FIRST FfQERAI SAVINGS AND LOAN ASSOCIATION OF fORT PfERCE af fat Pierce, Florida, the sum of S 1'i ~ 3~ with interest from date at the rate of _8 • ~oo pe? anaum, in moroh!y instalt- y ~,.~~rs as ioltows: s_ 112.~ on Ihe 15thday ef -july 1q-71 and a like wm on the correspond~ng day of each n:onih the.e- after until the whole be fully paid. ~y Each insrallment first shalt be applied in payment of 1he interest and then on the urtpa~d balance of sl~e pr~nc~pal sum. If default is made in the F•a~ment Of any installment wl~en due, and such default continues 30 days, then at tFx option oi the hoider, and w~thout any other not~cr, a~l the remaining :nstallmenrs shall be due and payab:e at once. Privitefle is given to prepay this rwte in whote or in part at any time without penatty. Ne~ther fwebearartce, ~ nor atccptance by the holder thereof after any defauh in any paymenta hereon, shall be deemed extensiart. A lare payment charge of S-- ~--SQ-, shall be ~ rdded to each installment remaining unpaid 7 days after ita due date, and a like sum :haN ba added to each su<h insta;tmeM remaining unpaid 7 days after ~ ea:h succeeding payment dare. \ Eath maker, surery and endorser hereof, joiN~y and severally, waives demand, presentment protest and ~otlce of prorest for nonpayment, and fv~ther \ agrees to any extens;on of >;me of payment, eitner before w after maturity, without not~ce to any of us; and to Fay a!I costs of co!tection, inciud:ng a reaionable attorney's fee in the event of any default hereunder, and hereGy seve~al~y waives aIf benefit of homesread and exemption under the co~stitution ~ and laws of each State ot the United States, as againsf this obligation or any extenseon or renewal hereof. w~rness rhe haRd aod seal of each party. BI~OCANEER BUIL.DI(VG OORPORATION BY: /s/ Jack Craini President (SEAL) Corporate Seal Affixed , • ; ~ • ~ + , ~~A~~ ~ ~ ATI~ESS :/sf MazY Lee Crain. Secretarv ~~Ai~ ~ - _ `i' 5~~.95 ) StaM Revenue y-- (SEAI) _ ~ ( ~ NOW, THEREFORE, the MORTGAGOR for the pu.pose of securing p~yment of ysid svm of S 13, 300. ~ snd the pe~fwmance of ths covenants and agreements here~nafter expressed, am1 fw diven gopd and v~lwbl~ considerations, by these prescnts, doef grant, bargain, sell, ~em;se, re;ease, convey and tonfirm umo the MORTGAGEE, its socceuors and auigos, all that certain lot, pt~ce or parcel of la:id, situate, lyin9, and being in the County of St. Lucie and State of Fbrida, dewibed ~s follawa: The South i2.2 feet of Lot 8 and all of Lot 10, Block 3, SUNRISE ?ERRACE SUBDIVISION, as pez plat thereof zecorded in Plat Book 5, page 55, public records of St. Lucie County, Flozida,.~ RECf ~VED i°~ co ~ _ ttl PAYMENT OF TIIXF~ ~ S~~~~ ~F 1- L U~-l ~ U~-~` D'JE ON CUISS INTANGISLE PER~NAL PRAP~IY~ v}}-- DaCUMEi•!fi-~~-~STE+MP T:.X P: a:1~IT TO CFiIWiER 2072~1. 1w'1'S OF 19tP. ~ c>~~ "T` = ('.^~G ~R POIIRAS, qa11 C11'CUI~ ODUtt ~ naetc~i t, . ` G. = ~ 9~~- as 4sPr.t tor oANIFl M. KNO~MIt.ES~ 1R N C~THGL.'~fii - P p. ~4?138 ~ a S t l u c i e C o u rt t~ T a x C o l1ecbor Br ` oa~un c~ rogether with alt and singul~r the tenements, hered+tamenq arnd appu?unces tbe?tunto belonging w in anywise appertaininy thcrefo, and all r~nt~, issues, proceeds and prof~ts accruing and to acaue from asid premises, all of which are included in the above and fore9oing desvipta~ and habendum. TO HAVE AND Tp HOID the above desuibed and granted premises ~nto the seid MORTCaAGEE, its s~ccesso.s +nd auigns fwever. And tlw said !NORTGAGOR for ---1 L S_~___ ~~~s, executws, administr~ton and •ssgns, hereby covena~ts with the said MORTGAGEE, iri successors and ~siiQm, rhat --1 L_ 1 S ~~N,full sei:cd of the taid Y premises in fee simple: 1Mt the isma ~re free, cksr a~d diuharped from aN lieru uid e~v~ brances in law w in equ~ty, ~nd that 1L W~~~ 1tS ~~n =hall vvarra~t and defend the title to !he sams to the ~aid NsORTGAGEE, its successors and assigns, fwever aqainst the lawful claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the N10RiGAGEE the promiswry note hereinbefwe described and sMU truly, promptly and fully perform, d~xh~rge, execu?e, complete, comply with ~nd abide by each and every the stipulations, agreements, ca~ditions and covenants of uid prom;iiory note and oi this IMortgsge, then this Mortgsge ~~d the Estate hereby ueated shall uase end be null and vo+d. IT i5 UNDERSTOpp Ifia1 the wud "Mortysgo~' whether in the s;npular w plu+al a~ywhere in t1~~s M«t9age, shsll be sinyul~r if one only and shall be plural jointly and severally if more th~n one, ~red that the wwd "their" as vsed anywhere in this Mortgaga shal( be taken to mean '"his;' "h~n," w"irs," wherever tM conte~et w implie~ a adm;ts. Also, that whererer thero is a reference in the covenants and e9reements herein comained to any of tiie parties he?eto, the same ~hall be constr~ed to m~sn ss well as tM heirs, le9al rtpresent~tive~, succes~ws and u?igni (either votunury by act of the parties or involuntary by operatiw~ of the !aw) ol the iame and that the cove~ants herein contained ahaN bind and the benefits ~nd advaMa~N inw~ ro the respec~ive heirs, le9al representatives, succesaors snd ~u~9n~ of the p~nies hereto. And said Matgagors, for themseives a~d tFxir F~ein, leyal representativef, succeuws and asiigns. hereby jointly and severatly cove~ant and ~r~e ~o ~nd with tF+e said AAORTGAGEE, its successors and ~ssi9~s: 1. To pay •11 ~~d •irg~lar tF~e priaip~i and interttt ~nd th~ va~ious ~nd turpdry sums of rr~o~ey payible by virtue of said promissory not~, ~nd thn mort9s~e, suh and wery, promptly on the d~y~ reipect~v~ly the tame sev~r~lly becornt due. 2. to pay •II and ~irgulu the uxes, at~essme~b, levKS, liabiliti~, obliqst7oru and encumbrar+ces of avery naeur~ ~nd k~nd now on sa;d describ~d Property, a that hereafte~ may b~ imposed, sufferfd. Plac~d. (~vied, w aue~sed thereon, a that Mrt~fter may b~ levied or ~:sessed upon thn MortQ- +y~, or tF» lr~btedne~s tecured Mreby. ~~ch and w~ry, wh~n due and p~yable, ~ccordinp to law, befae ~hey become detinQuem, ~nd betort •ny iM~~~st attaches o~ any penalty is incurred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SMAII 6E PROMPTLY SAiISfIED ANO UISCHARGED OF R:CORO ANO THE ORtGINAI OFfIG~AI DOCUMfNT ~$UCH A5, FOR INSiANCE. TNE TAX RECEtPT OR THE SAiI$FACTION PAPER OFFICIAIIY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE NANDS OF SAID MORTGAGEE WIiHtN TEN DAYS NEXT AFTER PAYMENT; and in the event tMt any thercoi is not pe~d, set sfied •nd discharged sa'd MORiGAGEE may a1 any time pay Ihe s~me q any p~it lhereot witho~t w~iving or a((ecr;ny any optipn, litn, pvity p +~qAt under or by virtue of this mortgage •nd the full amaunt of euh ~nd every i~h paymero shall be immedutely due and pay~ble ~nd thall bear int~res~ ~•om the d~~e thereof untit pa~d r~te of n~ne per cen?~m per •n~um ~nd toqether w~th such i~terese ah~ll be secured by the fien of ti~s morgtay~. °~R~ ~91 674