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THIS INDENTURE. Made ~he 1~h d~y of ~Prll A.D. 19~7~, b~t,ncen
Hrank W. Race and Dorothea E. itace, his wif~
of St . ~-uC~-E' ~ ~~„~y fl«id~, herei~afl~t d~~ignatecJ the "'MORTGAGOR," and FIRST FEpERA~ $AV~Nl;S AND IOAN
ASSO~IATION OF fORT PIERCE, a co~poration ory~~ized and txii~in9 ur~der tM taws of the Un~ted Sta~os o( Ameriu ~nd having it~ pri~Kipel pbce of
bus~rN» in Ih~ City of fort Pi~rca, Sf, Lvcie Cou~ty, Flwida, heroinah~i d~sipnatsd as tM "MORIGAGEE:'
WHEREAS th~ MORTGAGOR is jwfly indebted ro ths MORTGAGEE in tha sum of 5-7~-~~0~~-_.. good and lawlul ~.oney of the lm~red
S~ates advanced by ~he MORT~AGEE unto the MORfGAGOR, as evide~ced by a ceram promisswy note o( even da~e he~ew~th, of wh~ch thr loitow:•~q in
words and figures is a true copy, to-wit:
s''~n~•~ ~_3_lb, 70
Fwt Pierce, FI«ida, ApT 11 12 ~ _,p 71
Fa value received, 1, we a either oi us, promise to pay, without def~Ica~ion, to the o~der of FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF
fORT PIERCE at fort Pierte, fbrida, the sum o( s 7_i~0!~ _ with interei~ from date at the rate of ~s~o per anr,um, in monthly ins~all-
~nents as follows: =__6.
B.iQQ pn the 15th day of ~~a~_~__, 19_zl_ and a like sum on the correspond~ng day of each ~nonth tF~ere-
efr~r until Ihe wholt be fulty paid.
Esch instaNmenf fint shall be appl;ed in payment of the inlerest ~nd lhen on the unpaid balance oi 1he princ~pal sum. 1( d~fauh is made in the ~
t,ay~neM of any instailment wh~n due, and suth default co~tinues 90 days, then at the option of the holder, and wi~hoo~ any other no~~ce, all ~he rrmein~~x~
~nsealtments shall be due and payable ar once. Priviiege is given ro prepsy this rwte in whole or in part at any Yu»e without penahy, Neither lorebearance, j
~
~or acceptance by the holde~ thereof after any de(au!?'in any p+yments hereon, shall be deemed exlension. A tate payment charge o( S_ 3. 4O , shatl be ~
.~u+ded ro each installment ~emaining unpa~d 7 days afte~ its due date, ~od a like ium shafl be added to each s~ch inatallment remaini~ig unpaid 7 days aite?
eath sutteeding peyment date.
Each makm, surety and e~dorser hereof, join~ty a~d severally, waives demand, presenrment protest and noeice of proteit for nonp~ymant, and further
agrees to sny eate~sion of ~ime of peyment, eitFxr betore a a(te~ maturity, without notice to any of us; and to pay all cosy of colltct~on, inc:ud;ng a
reesonsble attwoey's fee in the even~ of any defautt hereunder, ~nd hereby severally waives atl benelit of homestead and exrmption urtdcr the constitution
.,~~d laws of each State of the Unered S?ates, as sg~inst this obliyatio~ or ~ny extensio~ a renewal hereof.
Wifnesa Ihe hand and seal of each party.
s/Frank t9. Race (SEAL)
. (SEAl1
s1Dorothea E. Race ~~i~
S 10 . 50 ~ sf.?e Re~enw lSEal)
NOW, THfREFORE, the MORTGAGOR fw the purpose of s~curi~g payment of said sum of S 7~ 0~ „•nd the pcriormance of ths
covenanb and agreements hereinafrer expressed, and fo~ dive~a Qood ~nd vilu~blt consider~tiona, by these presents, does graro, bar9ain, se11, remise,
release, convey and confirm unto the MORTGAGEE, its fucceuws and ~uigns, •II that certain lot, piete or pucei of land, situate, lying, and being in Ihe
County of SL . LUCle ~~d State of Florida, dewibed ~a tollows:
i_ot 16, 81ock 2, SANDRA COURT, according to a plat thereof recorded in Plat Book 8,
~~+ge 45, of the public records of St. Lucie County, Florida, {
i'~' pF 1l1XES
RECENE'D Z I. r Ig~ ERSCtW. P~PERI~(, ;
DUE QN CU?SS 'C INT11N6 ~ OF 1941. , #
PURSt{ANT 1~ C~~ER 207Z4.
RQGER P011RAS. ~ Q~cuit Coart
~~gertt fot DANIEl l~ N1d~111ES~ 1R
Wcie Count~l tmc Col~ec~
c~
v~' ~,~~`~t-` r '
~'Y DEYtfllf C1.ERK ~ t'':"Cv~•eii~T. ` " . )!'a
J Z _ Si,~~-~~ 7~1Y,
~ Gr'Ri3'71 .
" . ' ~ 5 ~ ~
i:~. t_~ ~ ~
~
' rogetl+er with ~t: and singular the tenements, heredit~ments ~nd appu~unces tl+ereu~to belanging p in anywise sppert~inirg thereto, and all r~nn, issues. ;
preceeds and profits ~cuuing ~nd to uaue from said pemises, sll of which ut includet! in the ~bov~ ~nd foregoing dewiption ~nd h~bend~m. ~
TO HAVE Al1Q TO HOlO the above deuribed ~nd yr~nted premiset unto the siiQ MORTGAGEE, itt tutcessors and assigns fwiver. And th~ iaid ~
L77eir
MORTGAGOR fw - heirs, executon, ~dministrators snd •siigns, hereby cowena~ts with tM sa+d MORiGAGEE, et~ sutcessors end ~uipro,
rhat th_ e~ are ~,Wf~u aeized of tht said
, Y premises in f~t simplr, ehat the same are fr~e, de~r and d~xharged i~om all lier?s ~nd ~ncwrf
brancp in law w in equity, and that they will and their hein aMll warrant ~nd def~nd th~ title to the sartw to th~ ~aid
MORTGAGEE, in succesaws ~nd ~ui~ru, forever against the lawful claims and demands of all persor?s;
PROVICED, AIWAYS tFut if the MORTGAGOR ahall pay v~to tF+e MORTGAGEE tht promisswy note hereinbefpe described ~nd sMl( truly, prompHy
and fully perfwm, d~scha?ge, execute, compkte, comply with •nd ahid~ by exh and erery the stipul~tions, syreemeata, conditiona and covena~» oF s~id
prom~uory note +r,d of thn Mortysye, rhen ~his Mo.tya9e and fhe Estat~ her~by ve~ted shall ceass ~~d be null and w~d.
IT IS UNDERSTOOO th~t the wwd "Mortq~or" whether in tFw sinyuls? p plursl ~nywhcre in this Mort9aye, shal) be sin~ular if on~ only and `
shall b~ plur~l jointly •nd teverally if more fF+~n one, and tMt tFk word "their" ss used snywhere in this Mortyafle shall be t~ten to mem "h;s:• ••h~rs:' ~
or "its;' wherere~ the context w implies or sdmits. Also, tMt wherever there is a reference in tM covensnts and ayreements herein contai~ed to any of
+he pa?ties hereto, the same ahall be construed to mean as well ~s tt» heirs, kyd r~presentatives, succeuws and assipns (eitFu~ volunury by act of tM j
p~rtip w invotuntary by operar;on of the law) of the sam~ and tMt tAe covenants hersin contained shall bi~d .nd ~M benefin ~nd adv~ma9es irwre !
ro the respectiw heirs, kyal representativp, tuccesson ~~d au~yru of th~ p~nit~ hsreeo. i
Md uid Mwtppw~, fw themulves H+d their hein, leyal ?epresentatives, i~ccessw~ and auiqns, hereby joimiy and s~veratly cov~nant ~~d a9r~e i
ro and with the said NtORiGAGEE, its succcssors ~nd ss~iym:
T. To pay ~11 ~nd s+rgular the principa! and interest ind fht vuiow ~nd sundry sums of moneY P~y~bl~ by vi~tue of said proml~sory not~, ~nd this
, rt+wty+~, each and every, promptly on the dayi rppectively th~ ~ewr~lty becara dve.
2_ To pay all and ~~~gvlar tF~e faae~, a~easrn~na. I~vies, liabilitia, oblipatam ~nd encumtxarxes of ev~ry natw~ ~nd kind now on iaid d~scrib~d ;
p~op~.ty, a that hereafter rrNy be imposed, suffer~Q. Plaud, kvied, a sskased the~eon, or ~F?at hereaf~er may be Icr~ed p~ssessed ~pon this Masp-
ay~, a tM indebt~doeu setured her~by, ~ach and ~very, wMn due ~nd payabk. ~ccwdirg to [aw, bsfor~ ~hey becar,k d~lioquent, ~nd b~fw~ ~ny im~r~s~ ;
+rr+ches or any penahr is incu.red; AND INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAII dE PROAAPTLY SAtISf1ED AND OISCH/?RGED OF ~
REtORD AND THE ORlGI/rAl OffIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACiION PAPER OFFICIAtIY ENDORSEO ~
OR CERTIFIE~) SHAIt 6E PIACED IN iHE HANOS OF SA~D MORTGAGEE WITHIN TEN DAYS NEXT /1fTER PAYMENi; and in the event tMt ~ny thertof is not
pa~d, sN ~fied and diuharged sa'd MORiGAGff reNy •t any hme P,y ..,M o. ,~y P,n therrof withou~ w~ivinp a a(fecting a~y opt~on, lien. eqvity w
•~aht unde~ or by vhtue of this mor~g~ye and the full imouM of exh a~ ~VNY such paymeM sh~ll be immed~ately due +nd payable and sMtl 6t~r int~rest ~
~.om the d~te theroof until pa~d at r~te o( nene per centum per annum and t ~t~such imere~t sMN be sec~red by rhe lien of th s mw9tapt.
80~Oi(1~
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