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THIS INDEN7URE. 1M~J~ th~ llth d, ~ ` May ~ ~~.u. ~9
~1
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F'rank A. C~erriero and Phyll~s J. C~uerriezo, his wife (
of $t• j.\iC~f ~py~y F~{~, ~~~ftp dai~n+red ~t tM "MORTGAGOR," +nd FIRST FEDERAI SAVINGS AND IOI~N ~
ASSOCIl1TION OF FORT PIERCE. ~ corpaation oryanis~d and ~xu~iny undN tM laws of tM U~~ted St~t~1 of Artwric~ ~~+d h~vtnp Ib pri~cipal plsp d 4
buunqs in 11» City of Faf Pisrt~. St. Lutie Cour?ty. FIaW~, hK~i~+ftN daipn+ted fM "MORTGAGEE."
WHEREAS tM MORTGAGOR h~ntiy Md~bad w ths MORTGAGEE in tM ium of = 1 a!~0 good +nd ~+wful moneY of IM Un+1ed
Stat~a advanced by ths MORTGAGEE un~o ths MORTGAGOR, ~s evidencad by a cxtai~ promiuory note of evsn date herewith, of which ~M fdlowinq M
words and fiyurp Is a trw copy. to-wit:
~ 12~000~00 We9~17~055
~o.+ P~m. F~«w+. May 11, ' i9 ~1
For valw raceived, 1, we or eitha of ~n, ~12 ro~,:~ t def~lcation, to the orde~ of FIRST FEDERAL SAVINSGS~ AND lOAN ASSOCIAiION OF
FORT PIERCE at Fort P1iaYCe, Florid~, ?hc sum of = • with imeresf from date at the rate oi8•2-96 per annw++. in monthly kKta14
ments a~ ~OllOws: = liO.~ o~ IM 1Sth d+y of 'ju~@. 19 71 and a like sum on tFa correipond~np day of each ma?th therr
afttr uNi{ tM whol~ b~ fully paid.
Each irotallment fint ahall be applied in psyment of the inte~est and then on 1he unpaid balance of the princlp~l sum. If defauh is m+d~ in tM
pa?me~t of any imtallmenl when dve, and s~ch default con~imres 30 days, fhen at the opron of the hotder, and without any other notice, all ths remaininy
instellmtnq shall be dve and payaWe at once. Privite9s is yiven to prep~y this rate in whole o~ in part at ~~y fime without perwlfy. Neithe~ faeb~arana,
nor ~cceptancs by the holder thereof aiter any defaulf in any payments hereon, ahall be deemed eatensiw~. A late payment charge of s S• 5O shall b~
edded to each irtstallment remaining unpaid J d~y~ aftn ib due dats, and a like sum shall be added ~o each ~uch installrt?ent remaining unp~id 7 dayt ~fMr
each wa~edi~y payment date. ,
Esch maker, wrety and endorser hereof, joiMly ~nd severally, waives demand, presentmem protest ar+d no?ice of protest iw nonpayment, and further
egreet fo any extensiw~ of time of paymcnt, eirher before w~fter maturity, without not:ce to any of us; and ro pay alt costs of collcction, i~cludinp ~
reasonabk enorney's fee in the event of any defauH hereunder, and hereby severally waives all beneiis of homestead x?d exemption unde~ th~ comtitvtioe
a~d laws of each State of tha United Ststes, as against this obligatio~ or any exteniwn w renewal hereof.
Witness tht i?and and seal of 2ach party.
s/Fra?nk A. t~ierriero ~
' cs~?u
' s hql2 is J.(~uer r ero ~~y
'$18.00 ~
( ) StaM Rev~nw '
NOW, THFREFORE, ihe MORTGAGOR fw tha p~rpose of secvrinp payment of s~id wm of = 12 ~nd tM performsnc~ of th~
coven~nb and a~nemenb hereinatte? expressed, and fa divers ~ood ~nd wlwbls tw~side?~tions, by thes~ prets~ta, does yrsnt, baryain, ull, ~emis~,
releau, tonwy and confirm unto the MORTGAGEE, its wcceasors end sssiyns, +11 1Mt tertain lot, piete o~ partel of land, situate, lyirg, and beinp in th~
~ St. LBC~@ ~nd State of florid~, described a fdlows:
Lot 34 and the West 20 feet of Lot 33 of Parkway P2ace, as per plat thereof recorded
in Plat Book 4, at page '7, of the public records of Saint l.ucie County, Rlozida,
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~ rogctMr with ~II ~nd sinyulu the t~r~ements, hereditamN+b ~nd appurtsnces ther~unro btlonpinp w in anywit~ ~ppert~inirg thaNo, and dl ~e?ts, itsws,
~ P.oc.ed~ and p.ofin xw~ .nd ro xcru~ from s+id premaea, all of wF+i~h ue induded in the abov~ and fwegoNq descriptiw~ +nd habsedum.
TO HAVE ANO tq HQtD the sbove dtscribed- and pranted premis~s unto tF+~ said MORTGAGEE, ib axcestoa and ~ssiyns fortva. Md th~ wid
~ MORTGAGOR fa hp'~= h~in, exetuton, adminiitrators and ~uigns, hereby covenanb with th~ said MORiGAGEE. its sua~s~on ~nd ~
they a re ;
rhat IawFvlly ~e;zed of the ssid premaes in fN s~mplr, that tir sams an frN, clear and ~SCh~rped fran all li~ns ~nd «+cwo-
~ bra~ in law a in eqviry, and th~t th~ will and the~.Z sMll w~rrant and d~f~nd tM tNl~ to ths wrr» to th~ wid
~w~. MORTGAGEE, ib successors and auiy~, fo~ever ap~i~at tM Iawfvl cla'uns ~nd dem+nds of slt pKwro;
PROVIDED. ALWAYS tFMt if the AIWRTGAGOR shall pay unlo tht MORTGAGEE tFN promiswry not~ hettinbefa~ ds~crib~d and ahall truly, promptly
' ~nd fully p~rfwm, discharpe, execvtt, tompkt~, comply with and abide by ~+ch ~nd ~very the sY~pulaiw~u, apreemtn», conditions ~nd ~b of ~aid
~ promisswy not~ a++d of this Matpaye, thsn thu Matpape +nd tFK &tate her~by a~ated shalf u~a~ ~nd b~ null and vo+d.
IT IS UNOERSTOOD that tF~t word "Mwtp+pw" whether in tM sinp~lu a plwal a++ywMr~ in this Mort9~ye, shall b~ sH+pvl~r if on~ only ~nd
~ shall be plwal jointly ~nd sw~rdly if more th~n on~. ~nd tlut tFw word "the'a" as ~ned snywhere ie this Morty~yt shall b~ taken ro m~an •'hi~,» "1Nts.`•
o. "in," wFwwe~ tM comext w impli~s a admit~. Alio, that wherevN the?~ is • refsrenc• in ~h. covnann and pr.srn.nn h.rein comain~d a.~ry of
~ rt» p~rtits her~ro. tM sarrw shal~ b~ consn~red ~o m~~n u well ~s the hein. Ip~l rspr~sentatiws, wcuuors and assipns (~ither volunary by ~ct of tM
~ parti~s a involuntuy by operatio~ of ~M Iaw) of the samt and ~h~t the covenants her~in ca?t~ined shdl bind and th~ be+~efits ~nd ~dvant+p~s &wu~
~ w the nsp~crive hein, byal r~p~sentatives, wu~uws and ass°ym of the parti~s FKrero.
And said Mortppws, fo? themulv~s ard ttwir Mks, leyal repr~umativ~s, wcces~ws ~nd aaipns, her~by jointly ar~d s~v~rally wvsnM?t a~d pr«
+o u?d with th~ said MORTGAGEE, its ~ucceswn +nd ~upns:
~ 1. To p~y dl ~nd skqular tM printipal u~d intKest and tM v~rian ~nd sundry iwm of moneY paYabi~ by virtw of ~aid p~omisw?y not~, u~d Nas
~ mprtsp~. ~ath ~nd tvNy. promptlr on tl?~ d~yt rtsp~ctively tIN ~am~ Mwr~lly b~caM dw.
Z To phr dl ~nd sinpulw th~ ta:t~. ~sressm~nb. Iwiq. Il~bilitip. oblip~tions ~nd sncu~nbr~nas d ~wry rntur~ u~d klnd now a+ ~aid daaib~d
~ prop~rty, a tMt har~ah~r m~y b~ i~npowd, wffaed, pl~ud. Iwi~d. a~wns~d the~~on, a tMt i~~~ftK rrNy b~ Iwi~d a eawswd upa~ thh Morp~
~ We~ or tM trd~M~dnesa s~cw~d fia~by. ~~ch and wsry, wMn dw ~nd p~y~bb. ~ocwdinp to ww, b~fa~ ~My Mcan~ d~linqwn~, and b~(on InNrN~
~ttacMs or ~ny penalty is 'wKwred; AND INSOFAR AS ANY THEREOF IS Of RKORD TME SAME SHAtI 6E PROAMiIY SATISf1ED AND ~ISCHARGED Of
~ kECORO AND THE ORIGINAI OiFIC1Al OOCUMENT (StKN A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACiION PAPER OFFtCIAUY ENDORSEO
OR CERTIFIED) SHAII dE PLACED IN 1NE HIINDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXt AFTER PAYMENT; and in ~M ~wnt ~Mt ~ny flwrwi i~ no1
~ p~,d, w~ ~fied ~nd di~thar~d u:d MORTGAGEE m~y ~ny ume p~y tM ~~m~ w.~+r w~+ ~i+.~w~ wi~Favt w~iviap w•ff~ctin~ ~ny optia+, li~n, puity a
•~~h~ unde~ a by virtw o} thi~ mor~ype ~nd rhe fvll ~moum of each ~nd wery ~vch p~yrr~nt ~hall b~ immedinely due ~r?d pay~bb ~ed s1~a11 bNr inta~a
~ ~.om rh. d.r. ~h...of un~ii P+~d nt~ of nine per centum p~r ~~num •nd toy~th~r w~fh ~ech in~~n II ~tcw~d by th~ ~+en of th:~ morqtp~.
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