HomeMy WebLinkAbout0459 ~ 2126'~~ ~ ~
TMIS IkOENiURE. Madu 21st d,y of __~glv A.O. 19_Tl. e~~w~
W. N. Gilbert and Marv E. Gilt~ez~ his wj~e _
a; St• W~%i~ Covnry Fbrida. hrre~nafier designared as the "MORTGAGOR." a~ FIRST fEDERAI ~AVINGS ANO LCAN
ASSOCIATION Of FORT PIERCE. a co~po.afrx? o~qanlzed ar.d eY~st~ng w+der ~he laws of ~he Un;rrJ S~aws of Ameriu and ha~irq ~•s p:inupal pi~ce of
b~s~ness in the City of Fwt Piac~. St. lucie Gou~ty, Fbrida, hcreinafta dcsiqnated ss the "MORiGAia:l:'
WNEREAS the MORiGAGOR is j:,~tiy i~debted to tl~e MORTGAGEE in the sum of S~'6-l9~~~-- 9a~ and lawfui muney oF thr Un:ted
Srares edwn:ed by the I1JRfGAGEE unto thr A10RiGAGOR, as ev~d~~urd by a cen~,n pw+~~~ssay note e! eve+i date h~~e,~:th, of v~h:ch the ioitowing in
~.ords and tigutea is a trw copy, ~o-wit:
;16.900.00 _ ~ 3-17.237
fort Pierce. Florida, `july 2~~ ~q 71
Foc-val~e rec-e~ved, 1, v.e w eithe~ of us, prom~se to pay, ~niih,wt defalcat~on, to ihe order oi FIRST fEDER~I SAVIIVGS APtD IOAN ASSOCIAl10Y OF
~J2T PIERCE at iwt P6erce, Florida, t~~e sum of s 16l900.00 _ w;th ~~~terrst from date at the rate of ~!7So per anrwm, in monthly insrall-
;~s as 1oL'ows: S139s~ on the _1St day of _ NOVC~ID@Z ~q__71 _ ~nd e Gke w,n on ihe carrespond,ng day of each month there-
a'tar unNl the who:e be f~~it~ pa~d.
Each insra;:~~:ent first sha(1 be app:~ed in wy~nent of tha interesr and then o~ the un;,a d baiar.ce of the pr.nc'pal sum. If default is made in the
.~~:rnt oi any insia:'ment v~hen d:,r. ..r.d such drfa.~H cont~n~ea 30 days, then at ~hr opt~on of the ho:der, and n~~hou+ any oti,_: nof~ce, all ihc cmain;ng
„raL'mrnts shail br d~r ar.d pa~~e:e a~ o~.cr. Pnv~iE3e is givrn ro prepay t? ~s note ~n whofe ar in part a: any t:me w~mout pena:ty. N~• ther forrbear.,nce,
~~r rcceptence hy the holdrt rhrrrc,f aftrr any defa~:t ~e ar.y payments hereon. shail be de~mrd eatens~on. A late payr.tent charge of 5-6~95 sha~I be
~:~~_•d to each ;ns~e,~~re~:t +en:ii~~ng unya.d 7 days aft~r its doe date, and a:~ie s~rn ~halt br addrd +o ea.h svc~ ~r.sta4~:nent remaining ~npa~d 7 days af*er
eain wcteedmg ~ay~nent d~te. ~
Each TdR!(. wrrty and endorsrr henof, joinNy and severelly, waives demand. prescntmrnt protest and nonce of protest for nonpvy:nnnt, and funher '
~;rers to any eatrns~on of nn:e of paym~ent, eithrr brfor~ a af~rr ~natunty, withou. nor~ce •o an,~ of us; a~~d to ~~ay aft cosr. of co'ircffen, incf~d.ng a
..onable attomey s fee ~n thr evrnt of any d~•!su;t herrundrr, and htreby severaily ~raives all t~nefit of ho~e~aatead a~d ea~mpt~~ under ths constitutiwi
c! :aws of each S~afe of !hr Unned Srites. 3s aga~~~st ~his ot~l~9ation a any extrns;on or re~rwal hereol.
W~rness the hand and seat ~t each party.
s~W. H. Gll~l'L _ (SEAU
~ ISEAII
sLMary ~l~=t (SEAI)
lSEAU
~`25~35 ~ State Revenue
16 900 QO
NOYN, THEREFORE, ~he MORTGACAR foa the purpose of secu?irg paymenf uf ssid sum of ~ ~ ~ and the pe~formance of the
co•.enants ind a9r!l~nrntt here~naEter ex~essc-d. and fw d~vers good and vsluable cons~derations, by these presents, does g.ant, bargain, ses:, rem~se, {
eaae, convey and confinn unto the MORTGAGEE, its succeuws and assigns. aN that certain bt, piece w partel of Iand, sitvate, lying, and be:rg in the
~o:,nry of $t• Lueie ~nd State of Florida, des:r~bed as follows:
Lot 14~ Block 4, TropicaZ Beach Blocks 3 and 4, a Subdivision as per plat thereo2`
as recorded in Plat Book 10, page 9~ Public Records of St. Lucie County, Florid~~'~ ~
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; IN PAYlJIf1'1T OF TIUIES L~`' nj~ %
NAL PROPERTY. •~.i G~ ~
~ RECEIVE~ Z ~
f p~JE pN ClASS 'C INiANGIBIE ~tS~Of 1941• ~a=-~~
~ ~p1~T TO CNRPT.R 20724. ~ ` , .-s` ~ ~
~ FoG:~ roi~~?s. c~~k c~«u~ c~~~ i; ~
L N. KNOWLES, fR 7 i,, +,~~~9~. ~
tot DANIE \ . .ti ~
~ u h~~ ~
f
~ St Lucle Couob ju Collettot~ ~ o4J ~ti ~
~ ~r ~ti
~ ' '~i~, o~ o
~ By DEp~jty CLERK A~ "~~/~,~z
J~j 'y JQ•
J~~ ~I~J
1s,
cogether with s!1 and singular the te~eme~n, hered~tamenn •nd appurtances thereunto belaging or in anywise sppenainir~ ~hereto. ~+~d •11 rents, issvef.
~ e•oceeds and prof~ts sccru~ng and to accrve from s+~d prem~ses, all of which a~e incl~ded in N+e above and foregarg destrip~io~ u+d habendum.
TO FU?VE AND TO~ the above descr~bed a~+d granted pemises unto the said MORTGAGEE, its successors and +ssgns forever. Md tM said
~ *,t"RiG R fw ~r ~:rs, cxecutws. adm;nisrrators a~d assigns, hereby covenants with the said MORTGAGEE, its successus and sasipti,
~ '~~°ey are _
•^ar - - ~awfuilY se~zed of the said p~en+~us in iee simple; that the tame are free, cka~ and diuharged trom •I~ liens and encvm-
s~ -
~ ~-~ances in law o~ in equiry, and thu__ the~_ w~ll ~~d _ their ,h,u warranl and defe•xl the tide to the same ro tht said ;
Y,ORiGAGEE, its auccessws and rssgns, farever against tF.e lawful ctaims and demands of ~II persons;
:
PRQVIDED, ALWAYS that if the MURTGAGOR shall psy unto tF~e MORTGAGEE the promiuory note hereinbe(ere dturibed a~d sFe~ll truly, promplly ?
~ a^d fully perfwm, d~uhsrge. e:ecute, cwnpiete, comply wnh and abide by exh and every tF+e stipula~ions, agreements, conditiwn and coverunb of s~id !
' cro~,~ssory note and of tn~s Mwrgage. ~hen this Mo~:gage and the Esrare hereby ueated shalt cease ~nd be null aod vo~d. s
e:
~i Ii !S UNDERSTOOD thst ~he wwd '"Mortgagor" whether ~n the s~ngu~ar p plural snywhere in th~s Alortgage, shall be s~rgular if ont only and
shall be plural jointly and uverally if more than o.x, and that the word "tF.cir" as used anywhere in th~s nbrtgaye shall be t~ken to mean "his," "Aen:'
F or "its;' wherever the context w~R~p~~es o~ adrr.its. Alao, thst wtiererrr there is r reierence io the cwenants and sgreemrnts herein contained ~o ~ny of
± rhe psrties hereto, the same shall be construed ro r:x~n irw~11 as the heirs, legal representativcf, successon and augns (either wlv~ury by ac! of tl+~
cart~es w involu~ury Dy ope~atan of rhe taw) of the s~ne snd ~hat the covenants herci~ ca~tained shall bind the benefiti and advsm~grs imxe
~ ro the res~xcrive he'us, kyal repreuntatives, successors and asrgns of the parties hereto.
u= And said Mo~tgago?s, fw themse:ves ar?d Ihe~r hein, legai rcp:esenbtives, successors and asaiQns, hereby jointly and severslly covenani a~d ayne
!o and with tl+e ssid MORTG:+GEE, ~ts succcssors and sssgns:
~ 1. To Ray aIl and singu: ~r the principal ard interest and the wrious and sur.dry wms of money payable by virtue of sa~d promiasory note, +nd this
~ rno»g~qe, e+ch and every, promPNy on fhe days respect~vely the same severally becort~ due.
~ 2 To pay +11 u+d singvlu tl~e ta:es, sssessmen». levies. Iisbilities, obliy~tions a~d encumba~crs of erery nature and kind now on taid dewibed
~ Groperty, a that hereafser may be imposed. s~ffered, platrd, levied, w+ssessed thereon. or that herealter msy ba levied w assessed upon this JKwt¢
age, w tl~e indebtedneu secvred I+ereby, esch ar+d eve?y, when due and paYable, _accwdiny to law, belore they become delir?queM, snd befwe any inteast
~ a•~aches or a~y pena~ty ~s incvrrcd; AND INSOFAR AS ANY THEREOF IS OF RKORQ THE SAME SHALt BE pROMPTIY SATISfIED AND .'315CHARGED OF
~ kECORD AND THE ORIGINAL OFFICIAI DOCJMfNT (SUCN A5. FOR INSTANCE, THE TAX RECEIPT OR THE SA?ISFACTION PAPER OFFICIALIY ENDORSED
~ CR CERTIFIEO) SHAII BE PLACED IN THE HANDS OF SAIU MORTGAGEE WITHIN TEN DAYS NEXT AF1ER PAYMENT; and in the event fhat any fhereof is not
- ~a~d, sat'sficd and dixharged sa:d MCRTGAGEE may at any time pay the same or any part thereof witFwa~t waiving or aliecting sny option, lien, equity a
~ •~qht under w by virtue of thiy mortgage and the full amounl of eath and every such pa;•mem shall be immedistely due and payabk and shall bear in:ereu
~ ~~em the date thereof untif pa:d ar raie o~ n~ne pe. cenrum per annum aod t ethe? w~tb such inrerest shall be secured by the lien of th's mwytage.
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