HomeMy WebLinkAbout1548 o°
~ 207246
THIS IN~ENTURE, k4d~ ~h~ 9td d~y of April - A.D. 19~~. betwa~?
John C. Youn9 and Blizab~th R. Youn4~ h1s wit~
of St• I.1tC~• ~~y F~;~. ~~ie?~ftK dqipnaled u Ilw "MORTGAGOR;' and fIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE. • corpaation oryu?isad ud ~xiitiep undN fh~ lavw of tM U~~~~d SatN of Am~~ica snd Mvin~ in principal pl~c~ of
buun~u in 1M tity of Fwt PiKC~. St. l~ci~ County. Fbrldq I+~nirnftK daipnahd q tl» "MORTGACaEE.••
WHEREAS tM MORTGAGOR 4 ~ustly G+d~bad to tM MORT('sAGEE in tM tvm of : 24 ~ 8~' ~ pood and lawf ul money of the United
Sutq advanced by the MORTGAGEE unto th~ MORTGAGOR, ~i ~vidN?c~d by • ctrlain promissorr ~ote Qf even dafe herew~lh, of wh~ch the followinp in
wads and fipur~s it ~ trw copy. to-wit: ' s•16 ~b
s Zd~800~00 No ~
~ P~. F~~ Aprii 9. t9 71
fa valw rectiwd, 1, we a eithe~ of us, promiw to~j
y, without dtfalcation, to tM wde~ of FIRST FEDERAI SAVINGS$- AN~ IOAN ASSOCIATION OF
FORT PIERCE at Fort Pi~~ce, Fbrid~, tM wm of ~ u~ 8"" wifh intere~l from date at the rate of 7~ 7~'76 per annum, in monthly ins~all-
ments u follows: = 2~ on tM ls~ day of ~Y 19~_ and • liks sum on ths cwrespaid~rq day of each mon~h there-
after until tht whob be fully paid.
E~tF~ installment iint iMl1 be applied in paymsM of tM intaest and tlxn on the unpaid b~lance oi the princ~pal sum. If detauh is msde in the
payment of any installmem when due. and wth defauh tontinves 30 days, ihen at the opticn of the hofdu. and without any other nofice. all the remaini~g
~nstallmenh sMll be dw and p+yable at onte. Priviley~ is yiven to pr~paY this nota in whok w in part at ~ny time wilhcwt penalty. Neither forebearance,
nor att~ptant~ by the holde~ ths~eof after ~ey dafault in ~ny p~ymenh hereon, thall be dcemed extensan. A late payment charge of 5~•~~- shall bs
added to each installment ~emaininp ~npaid 7 days afNr its dw daq, and a like sum shall be added to cach such installment rem~inin9 u~paid 7 days ~ffer
each wcteediop paYment date. ,
E+ch maker, surety and endorser hereof, jointly and severally, w~ives demand, prese~tmem protest and noHce of protest fw nonpayment, and further
egrees fo any ~xtension of fime of payment, either bafw~ a afttr matwity, without notKe to any of us; a~d to pay all costs of cotlection, includ~rq e
reasonabk attaney's fee in the event of any ckfault h~rwnd~r, and fit~iby severally waives all benefit of homesfead and exemption vnder the con~titulion
and larvs of exh State of the United States, as against this obiigation or any extensan p renewsl hereof.
Witness tFr hand and sea) of tach party. S~ .~O~It _C• YO{11~0 ($EAl)
( .
• ~ ~ • ~S~ izabtth R. Youaa ts~wU
- - csEl?U
~ $37.20 ~ sr.r~ a~~enw
K~wwp~ ++ww1Mr.-0w ~i. ~oM?
NQW. THEREFORE, th~ MORTGAGOR for th~ purpos~ of s~tu~ieq psymtM of uid wen d~ 24 ~8~~~ aed tM pe~formu+ce of th~
covens~b and ~reements hereinafter ~xpreued, and fw d'ivsn ~ood and valwbl~ coru3derstio~f, by tFrse prtsents, does gr~nt, bar9ain, sell, remise,
release, conwy and confirm vnro tM MORTGAGEE, its wttesso~s u~d ~stigns, •II tMt cert+i~ 101, pieu or paroel of I~nd, situate, lyiny, and beiap in th~
c«~~ti ~t St. LuciQ .~a sr.+. of Fbrida, d..«~~.a f~~.:
Lot 16, Block 2, of GR68NWUOD, a Subdivision according to the plat thersof recordad
in Plat Book 11, at Page 41, of tha Public Records of St. Lucie County, Rlozid~?, .i
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~ to~erh~r with ail aod sirgul~r the Mnert~ents, Mredit~rn~nts a~d sppurtanc~s fhKwnfo b~lwgerg or in a~ryrwas appert~inirg tF~~to. ~nd dl r~nts. iswes,
~ procteds and profin ~ccrui~p and to +ccrue from said pr~mises. +II of whid~ w includ~d in the abov~ snd for~yoir~y descript~on and haben~n+.
~ TO HAVE AND TO HOLO th~ ~bow desaibed and Qnnted premises unto ttw said MORTGAGEE, its suaaswn a~d +ssipro fonwr- Md th~ wW
' t~1Q~t
~ MORTGAGOR fw hein, executon, administr•ton u+d suiyro, h~reby coven+nn with the ud MORTGAGEE, iss wcc~ssws ~nd assipn~.
= rhat thev I~wfully sa~zed of the ssid pr~rnis~s in fN simplr, thst tFn same ue frs~, ckar ud dischKpsd from all ii~ro ~nd ~ncwo- ;
~
i brances in I~w o~ in p~ity, and /Mt t~y wil! and th~ir h~in shdl wurant ud def~nd the titb to 1M s~m~ to th~ sa~d
- MORTGAGEE. i» wccessori uid auipns. for~wr ~y~inst tt» bwfvl claims a~d den»nds of ~II persoro: ~
' PROVIDEO. ALWAYS th~t if the MORTGAGOR sMll pay unto tM N~ORTGAGEE tM promissory rote hertiobefort dewib~d and shall Kuly. prompth i
_ a~d fully pafwm, dych+?pe, execur~, comptet~, comply with and ~b~ by ~ad+ +nd w~r1r tM stipvtat~ons, sQreemsnn, conditions ~nd covanann of ~aid ~
promiswry noM and of thi~ Nlortyape, then thb Mwtyap~ ~nd tM Est~t~ h~r~by v~+ted sh+ll pas~ ~ed b~ null u+d void. ~
S
= iT IS UNOERSTOOD tlyt tlw vvad "Mwt9ayw" whether in tM ~~rgvlx a plw~l anywhert in tFus Mwtyap~, shall be sirgular if on~ only and ;
sMll b~ plwal jointy ud rever~lly if mor~ than on~, and that tht word "thtir" ~s uMd anywhtr~ in this Mort~~ shsll b~ taken ~o mean "ha:' "Iwn:' ;
_ or •.in:' whsrevd tl+e cont~xt w implies w ~dmin. Alw, thst wMreva there a~ rtferenc~ in tir cove~ann ~nd apr~e~+enri h~rein contai~ad to a+y of ~
~ rhe p~?ties hK~to, the sam~ fl»II be construed ro me~n u well a tM h~in, Ipal nprNenqtiws, succ~swrs ud ~saiqm (~ithar voluntary by ~ct of th~ ~
part;~s or krvoluntary by op~ration of the I~w) of ehe same and that tM covana~n herein contaimd shall bind ~nd tFw Mnefiq and ~dvantp~s lnw~
: ro the respatiw hsirs, Ipal rep~~sentatiws, tucuswn and ~u°~ro of the putws herNo. j
~ Md t~id MortQa9on, for them~ehns and their hein, lepal rp~~st~?qtiw~, wcuuors ~nd auipm, hereby jointly and stvKatly coven+nt ~nd ~pr~e ~
± fo and with th~ s~id MORTGAGfE, its successon ~nd assipro: ~
; 1. To p+y all and urqular tiw pri~rcipal snd interqf x~d tlw wriow ~nd wndry wms of money paribb bY virtw of s~id promissay not~, and tlds
~ mortpaye. ~ath ~nd ~wry, prornPtly on ?h~ d~yt re~p~etiwlp tM sarrw sw~rdly b~tonw dw. '
~ 2. To pay all ad sugutM Mw ta:e~, asseism~nri, levi~s. {i~bilit'ws, oblip~tiom and ~ncvmb~aas of ~wry natw~ and kiod now oo s~id danib~d
w~NY. a tMt hereah~r may be irnpoNd, wffN~d. D~+ced. Mvi~d, or ~wssed thena+, or that Iw~aftK may b~ lev~ed a asssued upon thi~ Mortp~
~ +q~• w tM kd~b~drwas acvrd h~.ebr. ~ach and ~wry, wMn due and payabb. ~ecwdirp a I~w, befor~ th~y bec«r» delirpwnt, ud b~fa~ arhr k~»r~st
~ •neches a aeqr penalty a incwred; AND INSOFAR AS ANY THEREOF IS Of RKORO THE SAME SHAII 6E PROINPiIY SATISFIEO AND DISCHARGED OF
" RECORD AND TNE ORIGINAI OFfIC1Al DOCWNENT (SIKM AS, fOR INSTANCE, THE TAX RECEIPI OR 1HE S/1115fACTION PMER OFfIC1AltY ENDORSED
s: OR CERTIFIE~) SHALL SE PlACEO IN THE HANDS OF SAID MOIFTGAGEE WITHIN TEf~,0AY5 NEXT AFTER PAYMENT; and in the went ~Mt any thereof is na
- pa~A, ~at:sfied ~~+d d~xh~yed sa:d AtiORTGAGEE may ~t ~~y tims pay tl+~ ssme w~ny p~~t ther~of wirlwut wair~rg a•ffecrinp any op~iw~, lien, equiry or
•~aht under or by virtw of this mongaye and tF» full amw,nt of ead+ and wery wch paymsnt ahill be irn~nedi~tely due and payable ~nd shall beK int~resr
~~om tM daM thereof until paid at nte of nine per centum ~ a~~~~royethtr~~~~oursst shall be ~ecured by tM lien of th:s morytayt.
6ULI!
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