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THIS INDENTURE. M~ tha ~1St d~y of MdTCh A.p. 19~1 , b~t~een ~
Leroy N. Stone and Eva C. StonP1 his wife _ _ ~
:
of St . Ll1C1P ~p~~~y F~prida, 1?ereina(t~t dtsgnat~d as the "MORTGAGOR." and fIRST FEDERAL SAVItYGS ANp LOAN
ASSOCIAiION Of fORT PIERCE, a co~pwation wqanized and existiny undN ths laws of ~he tln~tsd Sutos oi Amer~c+ a~d havinfl iri principal plac~ of
bufiness fn tM City of Fat Pi~rce, 5~. lucie Gounty, Flaida, hereinafter de~iy~~ted as ti+~ "MORTGAGEE:' ~
WHEREAS tM MORTGAGOR is justly indebt~d to tha MORTGAGEE in the sum of = 16 s 5O0 . ~O good and la+~~ul money ~f ~he Ur,;ted
S+ates advanced by the MORiGAGEE unto the MORTGAGOR, as evidc~Ked by a caNin proniissw~ note of even date herewith, of v.!+~ch the fullow~n9 i^
..ordi and f~gure~ is • true copy. ~o-wi~: ~ 1' 4-16 939 ,
f 16, SOO.00 No s. ~
Fort Pierce. Flw~da, r1~ TCh 31 ~ lo_~. 1.
fw value roceivcd, I, we or either of us, promise to pay, without defalcation, to the o~der of FIRST fEDERAI SAVINGS AND IOAN ~1550CIATION Of
t ORT PIERCE af Fo~t Pierce, F{orids, the sum of = ~ 6~ 500 • ~0 W~~h intere~l irom date at the ~ate of 8!
0__ °o per annum, ~n monthly inatall-
•,_•ms as ~ol!owi: S 139 on the lSth d~y of ~~aY 19_71 _ and a iiAe sum on the correapond~ng day of each month ihe:e-
arrar until the whole be fully paid.
Each i~statiment first ahall be applied in paYment of the interest and then on ti~e unpaid balance o( tlia pr~nc:pal sum. If defauit is made in the
, ay~.+rnt of any installment whe~ due, and such default cominues 30 days, the~ at the optioR of the ho~der, and withaut any other nonce, all the ~rmaini„g
~srallments shall be d~e and payabie at once. Privile9s is given to prep+y this note in whote or in parf at any t~me ~vithout penalty. Neithct twebearance,
nor acceptsnce by the holder thereaf after any deFault in ~ny payments hereon, shall be deemed eatension. A late payment charge of S 6!95 shall be
~dded to each insiallment remaining unpa~d 7 days afte~ its dw date, +nd a like sum shall be added to each such inuallment romaimng unpaid 7 days after
each succeeding paymrm date.
Each maker, surety and endorser hereof, jointly a~d severally, waives demand, present~nent protest and no~~ce of protest fw nonpay~t,ent, and further
agrees to sny extens~o~ of time of payment, either before a after maturity, without nohce to any of us; and to pay all costa of co!icction, indud~ny a
r<asonable atrorney's fee i~ ihe event of any de(au~t hereur.der, and hereby severally waives all bene(it of homest.ad and e:emp~ion under tFx constitution
.+~~d ~aws of each State of the Un~ted States, as aqainst this obligation or sny eztens~on or re~ewal hereoi.
Witness ?he hand and seal of each party.
s/Leroy H. Stone lseAt)
(SEAL)
S~CVd C. SLOrie (SEAL)
(SEAI)
124.75 ? Stat~ Revenw
NOW, iHEREfORE, the MORTGAGOR fw the purpose of securing payment of said sum of s 16, 5~.~ and thr performsrxe of the
covenants and agreemenes hereinafter eapressed, and fw divers good ~nd v~luable conside?ations, by these presents, docs gram, bargain, se11, remise,
re~ease, convey and conf~rm unto the MORTGAGEE, in successori u+d auigns, •11 that certain lot, piece oe parcel of land, situate, lying, and be~ng in tMe
:ounty of St . LUC1P ~~d State of Fbrida, described ~s follows:
' ~t 26, Block y of htaravilla Fstates Subdivision, as recorc?ed in Plat Eiaok 8, }
~~-~^c~ 77 of thP Puhlic ?~corcis of St. Luci~ Cc~unty, Florida,--
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~ c~ ; : l~ 4=1 ; U Rsuiurraro ~~Kr'~'~cie~ Ptxsot~u~ wrorEenr, ~
` :a 1.-> f_ ~ r v t` o T•: X ~PTER 2072l. ACTS OF 1911.
' t; ~ ;c.v;,,:F,~?r~- RQG~R PofTRAS. Clerfc Ci
~ z _ _ rcuit Court ~
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~ = aP~ 2~'1 - ~g t br DANIEL N. !
o _ ~.e. .:~,t::, 2 4 7 5= ~a ~
` ~ c~ _ • - St lucie Courtry T
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rogether w~th all and singular the tencmer+b, herediaments and appurtances tF~ereunto belonpirg or i~ anywise appertaininy thersto. +nd aU re~ts, issues. ~
proceeds •nd prof~ts scauing and to acuue from said premises, all of whicfi a~e included in the above +nd foreyar?p deuription and Mbendum. ~
~ TO HAVE AND TO HOLD the above druribed +nd yranted prcmises unto the said MORTGAGEE, i» successors and assiyns forev~r. Md tM s+id ~
s
' MORTGAGOR for --~hs~ he~?s, executws, administntors ar~d assigns, hereby covenan» with the ssid MORTGAGEE, its succeiso?s a~d +~sgrn, }
~ th~ are {
t ~hat - -Y Iawfully seezed of ths said premises in fee simple: tMt ti+e same sre free, ckar and discharged irom sll tiens ~nd ~ncw~r 4
~ brances in Iaw a in equity, and tM+ thC'y M,~~~ th~ir he;n shall warrant and defend the titl~ ro the sam~ to tM said
~ MORTGAGEE, its succeuors and sui9ns, fwever ~yainst the lawful claims +nd demands of all penons;
PROVIDED, AIWAYS 1Mt if the MORTGAGOR shall pay u~to the AM1ORTGAGEE the promissory rate hcreinbefore deuribed and shall truly, promptly
' and tully pe~form, d~scMrge, execute, complete, comply wirh snd a6ide by a~ch +~d every the stipulations, ayreements, cond~tiau +nd covenants of iaid
~ oromissory note snd of this Mortgs~e, then ~his Matg~ge and the Esute hereby ue+ted ~hall cease snd be nul! and void.
IT IS UNDERSTOOD tl?~t the wwd "Mortgaga" whether in the sirgulsr w plw~l snywhere in this Mortg~e, shall be sinpular if orN omy ~nd
shall be plural jointly snd severslly if more tha~ o~e, ~nd that tM word "their" as used anywhere in thes AAwtyage shall be t~ken b mean "his;' "Mn;'
or "its;' wherever the contexl so implies w edmits. Also, that wherever there is s referente in the covenants ~nd sgreemenb FKrein contsined to any of
rhe partie~ herero, the ssme sh+~t be cw~snved to meu~ ~s well ~t tl~e heirt, 1e9a1 rtp?esentatives, succesiwi ~nd auigns (either vduntary by act of tM
~ parties or involuntary by ope?ation of the law) oE the same and that the covensnrs herein conuined shall bind and the benefit~ and ~dvantsyts inur~
to the respectiw hein, leyal representatives, successors and au=9ns of ths parties hereto.
~ And said kbrtysgors, for thcroselvq snd their he'as, legal r~presentatives, successors snd assigns, hereby joimly and sevn~lly covcnant and ayree
ro snd wifh the wid MORTGAGEE, its successo?s ~nd assiyra:
- 1. To pay •11 and tingulsr the p?incipal and interest and the variovs ~nd sundry wms of money p+y~bk by virtue of said prom~sso?y note, and thn
' mort~age, each and every, promptly on th~ days rapectiv~ly tM s~me sev~rally bccome dve.
2. To psy +11 snd s~rg~lu the taxes, ~ssessmenn, Itvie~, li+biliti~s, obliy+tions and erxumbr~nces of svery narure •nd kind raw on asid described
property, a that here~frer msy be impoud, iuffer~d, placed, kvied, a assesied thereon, or thal hereafce~ may b~ levied or ~uessed upon this Mwt9-
age, a the indeb~edness secvred hereby, each snd ~very, wh~n dw and payab~e, acco~dinp to I~w, befwe they become delinque~t, and befor~ a~y intNqf
' artaches or any penalty is incurred; AND INSOfAR AS ANY TNEREOF IS OF RKQRD THE SAME SHAIt 8E PROMPTtY SATISFIED AND OISCHARGEO OF
"v RECORO AND THE ORIGlNAI OFFlCIAI DOCUMENI (SUCH AS, fOR INStANCE, THE TAX REGEiPT OR THE SATISFACTION PAPER OfFIC1AlLY ENDORSED
~ OR CERi1FIED) SHAII 8E VIACED IN THE HANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMEhT; and in the event that any thereof is nol
paid, sat s(ied and d~scharged sa.d MORTGAGEE may ~t any time pay the tame or any part thereof withovt we~ving w affecting any option, lien, equity or
~~aht under or by virtue o~ this mortgsge and the full amount of each and every such payment shall be immediately due and payabk •nd shall bear interest
~~om the d~te thereof until paid at rate of nlne per centum per •nnum ~nd toyether w~th such interest fhall be sccured by the lien of th:s mor9taye.
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