HomeMy WebLinkAbout1267 207060 ~
THIS INOENTURE. Mad~ tht 26th day o1 ~~h A.D. 19?~ , bcrween
Philip Pearl and Bl~n~ his Yj,f~ ^
af St'• C~ i~ Counfy fforid~, Iwr~iMftK desipnatad ~s the "MORTGAGOR." and i1RS/ FEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a corpw~?ion orpa~is~d ~nd ~xi~tinp u~de~ tM laws o( 1M United Sut~s of Ame~;ca and havinp its prinupal pt~c~ of
b~sir~ss in ~h~ Ciry of Fwt P;~res, St. Luci~ County. Flo~ida, h~r~i~a(ta ds~ipnal~d aa tF?~ 'jI~RZGAG.~
WNFREAS tM MORTGAGOR is jv~tiy ir?dtbltd ro tIN MORTGAGEE in ths sum o/ i good and lawiu! money ol the Unnsd
Sterei adwnced by Ihs MORiGAGEE umo ths MORTGAGOR, as evidanced by • terfain prom~ssory note of even date herew~th, of wh;ch the followiny in
wor~a an~~~p• aL is a Irv~ copy, lawil:
s u, c~~~~ or~
3-16, 930
Fwt Pierc~. Flaida. ~~h 26 19
For value received, I, we w ei~her of us, p~omise t/oy~jy, withovt defafcat'eon, to the oider af F1RS1 fEDERAI SAVINGCS A~lD IOAN ASSOCIATION Of
~ORi PIERCE at Forf Pierce, Florida, the tum of = with inferest (rom date at the rate of _ 8_•27,o p~r annum, in mon~hly instell-
~»~~~~s ss (ouows: f~
20_~ on the ~~{'h day of July Iq_ T_~ aru! a like sum on tha correspond,ng day of each m~nth there-
atter until the whole be f~ily paid.
Each instali~nent ~irst shsll be applied in paymenf of thb inlerest and then on ~hr unpaid ba~ance of the pr(nc;pa! sum. If default is made in fho
~•arrnent ot any imtallment when due, and such defauh continue~ 30 days, then at the optian oi the holder, and withoui any other notice, all the rrmain~r.g
:nstal6nentf shall be due and payabte at once. Priviley~ ii yiven ro prepay this note in whoie or in parf at any t~~ne w~thout penalty. Ne+ther forelxarance,
nor acceptance by th~ holder thereof atter a~y dr(au~t in aey paymeNi hereon, shall be deemed extension. A lare payment charge o( S_ sha~l be
,cided to each inata~lmenf rcmsining unpa~d ~ days after ih due dats, and a like sum sha11 tx addrd to rach such instaUmem remaining unpaid 7 dayf after
each sucteeding payment date.
Etth maker, surety and endorser hereoi, joinNy ind severally, waives demand, presentment pioteat and noiice oF p~otcal for nonpaymcnf, and furthe?
ag~eei ?o any extension of time of paymenl, either before or a(tt~ m~turity, without nohce to any of us; a„d to pay all costs of collea~on, inc:ud'.ng a
~cesonable at!o~ney'a fee in the event of any dtfauit hereunde~, and hereby severally waives alt benefit of iwmest~ad and exernyt]on under the consGtution
~d laws of each S+ete of the United States, as against thia obligation q any e:tens+o~? or renrwai hereof.
Witness the hand and seal of e+ch party. g~ P}~ilip F2ar1
" ! - • , • . 1 ~ (SEAI)
, . . , _ s lanch ,Pearl ~A~~
. _ _ (SEAL)
i $2i • ~ ) Srate Revenue
NOW, THEREFORE, the MORTGAGOR for the purpose of secvri~g paymenf of ~aid sum of s and the pe.fwmance of tha
cevenants and agreeme~ts Ae~einafte~ expreued. ~nd fw divers 9ood ~nd valuable considerations, by these presents, does gra~t, ba~gain, sr~~, rem~se,
.elease, ca~vcy and co.~fiirm unto the MORTGAGfE, i» svccessors ~nd suigns, ~1! that certain lot, piece or parcel of Isnd, aituate, lying, and being i~ the
County of ~t. Lucie and Stat~ of Flwida, dewibed ~s follows:
Lot 4 less North 12 feet ~a the North 2~t feet of I,ot 5, Block 11,
SILVER LAKE PARK ADDITION, as per plat thereof on file in Plat Book
10, Page of the Public Records of St. Lucie County, Florida,
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Pl1RS+1a'Y~~ 'C
t~ ~ ~1'1~D~R OF
4J S T'AT E r L O R I L7 A ~~cc Po; i P~~R 2072a, ~+c~s ~ro~~
~ E-- QOCUMFNTAp_! STAi~SP TAX 4;e..t tor ~e~ ~rcu' ~ 1~~'
~ _ ~ i- a$ n ~ WV
~ = APR-5'~i ' St ~4NIEL 11L Klq
~ v = ~ Z ~ ~ luife ~OUaty Tax Collector JR,
ce~t Z~ ~fr{r,yE •
Pe.~9o~a• - 8r c
u
D~~. ~x
rogether with all snd singulai the tencmenn, hereditame~ri snd app~rtance~ tlmeunto belongirg w in anywise apptrtaininq fhereto, and a!I renrt. Fssuei.
proceeds ind profiq ~ccruing and to xcrw from said premises, ~II of which are included ie the above and fwegoir~ description arrd Mbendum.
TO HAVE AND TO HOID the above desuibed and 9nnted premises unto the said MORTGAGEE, iti tuccessws and ~uiyns forever. Md ~h~ said
MORTGAGOR for he;rs, executws, sdminiitratort snd ss~gns, hcieby covensnn with the s~id MORTGAGEE, iq sutcsuws ~nd auiprn,
Th.f _ the~r are _ i.,~~u k~:~d or ~ti. ~~d
Y premises i~ fe~ iimpk; Ihat fhe same are free, dear and diuharged from all liens and ~ncwn-
brsnces in Isw or in equ~ty, a~d that t~y will and their heirs sh~ll w~rrant ~nd defend th~ title to the s~rrw to tht saW
MORTGAGEE, its rvccessors and auigru, fwever ayainst the lawful claims and demsnds of a!1 persons;
PROVIDED, ALWAYS that if the MORTGAGOR s1?ill pay ut~to the MORTGAGEE the promisaory note hereinbefwe destribed ~nd ~h+11 truty, promptly
and fufly perfwm, discMrge, e:ecute, complete, comply with •nd sbide by esch and every the s~ip~riation~, agrcemems, conditions ~nd covena~» of uid
promissory note and of this MortgaQe, then this Mwtgaye ~nd rhe Estata htreby vea?ed ahal! cease and be null and mid.
iT IS UNDERSTOOp thar th~ wud "Mort9aQor" wi?ether in t}~ singul~r w p{ur~l ~~ywhere in thii Mortgage, ah~ll be sinyvlar if on~ only and
ihall be plural jointly ~nd ieverally if more than one, and that tM wwd "their" ss used anywhere in th;s Ma~gape shsll be qken to rt+esn "his: ,•.h~n.•.
or "iri;' wherercr the context so impfiy w admits. Aiso, that wMrever there is • reference in the covenants and apretments Iferein containsd to any of
~he parties hereto, the same shall be const~ued to me~n ss well a~ the heirs, leyal representatives, successws and assigns (either volumary by ~ct of the
parties or involunt~ry by ope~ation o~ the law) of ths same and that the covenants herein contained shall birid ~nd 1F+e benefits a~d ~dvantayes irwr~
~o the rapective heirs, kqal reprcunufives, sutceuon and au~pna o~ the panies hereto.
And said 1Mortgigws, fw themselves and their Iwirs, leyal represe~tatives, successas and assign~, hereby jointly and sererally tove~~nt and ~pree
to and with the said MORTGAGEE, its successors ~nd auigra;
1. To pay all and iinpular th~ p~incipat ~nd interest ~nd tM var'~ovs and sundry swns of moneY paYable by virtue of said promiuory note, and thi~
mortqpe, e~ch and every, p.omPtlY en the day~ ~espec?irsly tFw same sev~r~lly becwn~ due.
2. To pay iU and ~i~ylN the t~x~s. ~s~essme~y, kvies, liab~liti~s. obliyatio~s and ~ncumbrances of every nawre and kind nnw on ~aid d~wib~d
prop~rty, or that hereafter may be impwed, s~ffe~ed, pl~ctd, lavied, a auessed thereon, a that herea(ttr msy be levied w auessed vpon this Nlortp-
~9t, o~ tM indebtedneu sear.ed I~ereby, e~ch ~nd ~vtry, uvhen dve ~r~d p~yabk, xcadinQ to I~w. befae fhsy becorr~e delinquent, snd b~for~ any intKes~
ettachet w+ny penalty is incurred; AND INSOfAR AS ANY THEREOF IS Of RKORD TNE SAME SHAII aE PROIVMTIY SATISFIED AD:I OISCNARGED OF
RECORO AND THE ORIGIhAI OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR iHE SATISfACTtON PAPfR OFFICIAItY ENpORSfp
OR CERTIFIEO) SNALL BE PLACED IN THE HANDS OF SAID MORTGAGEE WITMIN 1EN DAYS NEXT AfiER PAYMENi; ~nd in tha event that any tMreof is nw
pa~d, sat sfied and d«cherged sa'd MORTGAGEE may at any t~me pay the same w a~y part thereof without waiving w+fFectinq ~ny optro~, lien, equ;ty or
•~~ht unde? w by virtue o/ rhis morrgafle and rhe ful! amovnt of each and eve?y such payment sb~Il be immed~itely due and payable and shall bear intere~~
i~om the date ther~pf until paid at rate of nine per cenwm per •nnum •nd t et r ~ ~uch interest shall be ucured by Ihe I~en of th:s morgt~e.
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