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TMIS IkDENTURE, Mad~ rha Zlat d+Y of JulY A.G. 19 7~., be~we+n
_ J~?ses W. McCullocb apd .Tanice L. McClilloch~bis wife
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of St• LuC @ Cou~ty Fio~~+, he~einaftM d~signared as tM "MORTGAGOR," ~r.d i1Q5i :E^ERAL SA'a1~,v5 AND LOAN !
ASSOCIATION OF fORT PIERCE, a corporation «9anizcd anJ ea~s~irg unda~ tM I~ws of .tM Uh~ted SuT~s of Ame+ic~ and Mvinp iti pr~+xipal place of ~
e~si~xu in the Ciry oi For~ Pitru, St. luci~ Coun~y, fbrida, he~e~aafrK dagn+red as tM "MORiGAGEE:'
WHEREAS ~he MORTGAGOR ~s ~usUy ind:bted to tl+t MORTGAGEE i~ tl+e wm of ~~L~O~~ ~ goad and law:~l n:~ney o1 ei+~ Un.~ed
S~ates advanccd by ~he MORIGAGEE unto ~he MORfGAGOR, as eridencad by a tKtain promissory note nf rvrn cir~e hrieweA. ~f wlwch the ?o+low~n~ in
,nwds and (i9ures a a tn;e copy, to-N~r:
z.-~~.~ r,~, 4-17s236 ~
Fo.~ PK.~.. c~«~d.. July 21~ ~971_
for vatue +eceivcd, 1, «e w either of ua, prom~se to pay, without defalcation, to the orde~ of fIRST FEOERA~ SAVINGS AND IOAN ASSOCIAIION OF
FOST ~IERCE a~ fort Picrce, Fbrida, thc sum of s~~~U~~ w~~h interes~ from date at the rate of 7.L7So per an„um, in monthly instalt-
~*e~-rs as ~ol!ows: S-,t-57~~ oe ~ha 1std+Y of S~tP~~=-• ~q_ 71- and a Iike sum oo the carospond~r+g dey of each mon~h thre-
e~ter unsil the whole be fu~ly pa~d.
Each ~nstallment f~rst shall be appl;rd in payment of tF+e interes~ and ~hrn on the unpa~d balarece of the pr~nc pa~ sum. 11 dafautt ia made i~ the
; a,~nrn~ of any initaitnient whrn d~e, and avch driault cun!inues 30 days, ~hen at the opt~on oi the ho de., and wifhou~ any o~her no~:ce. all the re.nain~ng
~uraRmcnrs shail be d.,e ar.d payab:r ar oncr. Priv~lege is g~vrn ro p.epay this oore in whote w in part ar a~y t~me w~rhoue penaity. Nrither faebearance,
nor acceptance by the hotde~ thcreoi aitrr any defa~It in any payme~ts hercon, shall be deerned eatensio~_ A latr paymcnt charge of s_ 12!8S shall be
addrd ro each insralimenr remaininp unpa~d 7•days after its dw date, and a like sum shali be addrd to each svch ir,a~allmr~t rema~ning unpsid 7 days aiter
rech svcceedi~g paymen~ dara. .
Esch matier, su~ety and endorser he~eof, ~oimly aod severally, waives demand, present~ncnt protcst and nofite of protrst fw no~pay~nenf. and funher
agrees ~o any extenswn of ume of payment, e~ther briore o~ afte~ maturity, wi~hout notJce ro any of us; and to pay alt cosn cf co:l~cr~oo, inuud.ny a
~r~sonabte attwncy s fee ~n ~he e~e~t of any defaul* hercunde~, and hereby sere~aL'y wai~ea atl be~efit of homesread and eae~*tpf~on u~d~r ihe constitulion
-~d ~aws of each Stare oi tne Unitrd S~eers: as agamat this eb?:gation o~ any ea~ension w renewal hereo!.
Witness Ihe hand a..d seal of each party.
s/Jaaes W. Mc:Cullocb ~~U
(SEAU
s Janic~ L. Met'ulloch _
tSEµ)
$Si.~ ) State Revenue
NOW, THEREFORE, ine MORTGAGOR for ihe pu?pose of securing payment of sa~d sum of = 34~~0*~ and ~he perfwmance of th~
covenants and agreemen~s here~~airer e~p~esxd. and fw divers 9ood and w!wbte considerations, by these p~esenta, dots grant, bar9aen. sell, rem~se,
~e:ease, convey and confirm ~:~to the MORTGAGEE, its successors and auigns, s11 tha~ certain bt, piece or parcet of land, sitwte, ly~ng, and being u~ tF+e
Counry of St • Lueie and St~te of Flwida, described as follows: i
Lot 18, Block l, GrQeawood~ as per plat thereof on tile in Plat Book 11, pa9~
al, Pub2ic Recozds of St. Lncie County, Rlorida~~
i
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' ~f IAXES a
~ x . , - , 4K Pp'!~~fN~ ~ CE:'.Y.
~ S~ x PE ~ ~ti.~:.
{ W 5 ~ CF ac~~l~ P Sf;i 'C• tVt4:"lBt lu;S rF ?~*i-
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~ ~ O _ `i~.:~27'71 ; = 1 ~ = C ~,t :!~ii.~ K+.~`t1`~ ts. J~.
~ " = ' `-~5 ~ 0 0 = . .
N ~.~;~,Ol.t.fr..: ' ~t~ fa; ~.~i[i,lu;
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rogerher with all and singular the tenemenri. Aereditaments ~nd sppv~tances thercuMO beionginy p in ~nywise ~ppertsinirg thereto. and all rents, issues.
p~oceeds ~nd ptofih Kcruing and to ac:rtre from said premises, all of whith are inclvded in ehe abow and 1ote9oing d~WiP1iW~ +nd Mbendum-
4 T3 HAVE AND TO HOlO the sbove descr~bed and 9ranted pemixs umo ehe said MORTGAGEE, its sucteasors and assigrts forever. Md tM s+id
~tORTGAGOR fw the~-z he~r~, executors, adminisrrators and ass~gns, hereby covenanrs wirb the uid MORTGAGfE, it~ successors and auiyrn,
rhar - th~ ~re lawf~lly, seized of ~he sa7d prem~ses in fee swnple: th~t th~ same are free, clear and dissharsrd from alI liens ~nd ~r+cu~ '
~ ~+ances in law w in equity. and that they will and theiz hein shall w~rrant snd defend the title to the um~ to tM s~id
MORTGAGEE. its svccessws arw~ assgns, faever again~t the lawfvl daims and demands of all perso~s;
~ PROVIDED, AlWAYS that if the MORTGAGOR shall pay unro the MORiGAGEE the promissory note hereinbefore dexfibed and sMU hvly, pomptly
a~d fully perlorm, d~xF+arge, execvte, comp~e~e, comply w~rh ~nd sbide by e+ch snd ev~ry the stipulations, ag~eements, cond~t~an and cove~ants of sald ~
~+om~ssory note +nd o( ~his Mortgage, iheo th7i Mortgage +nd the Est~te her~by ueated sMll ce~se and be null and wid.
~ IT IS UNDERSTOOD that tF+e wwd "Morrgsgw•• v,F+ether in the s~~+guGar a plural anywhere in thts Mwt~aye, shall be s~ngular i~ one only and ~
shall b~ plural jointly and severslly if mwe than one, ard that the wad "their" ss used a~ywhtre in tF~is Mort9s~e shall be taken ~o mean "his," "hen,"
~ or "its," wherever ?he conte,er w implies or adruts. AF.o, tFut wherever thr.e is s refe?eoce in th~ covenants and a9~eements here~n conuined to any o(
~he parties her~to, the ssme shall be construed to mean . s weil ss the heirs, Ic9al represcnt~tives, svccessws a~d sssigin (cithar volunt~ry by act of the
~ parties w involuntary by operation of the Iaw) of the ssme and that the ca•~enants F?erein contsined shall bind and the benef~fi ~nd advanta9es irwx~
ro the respective he'us, {eg~l representatives, successon :nd au'gns of the psnies hereto_
And ssid Mortgagon, fa themselvss and their he n, legal rapresentatives, successors and assigns, hereby joinrty and seve~ally covenant ~rxl syree
io and w~th tF+e said MORTGAGEE, its successors anei assgr,s:
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~ i. To pay all aod sirgutsr ttk principal ud imerest and the vsrio~s snd sundry iums o! mwxy payable by virtue of said promisswy note, a++d thia
~ mwtppe, e~ch and every, promptly on the daya respectivel~ the s+mc severally becomt due.
2. To p~y sll and singutar the taaes. asseuments, kvies, lisbilities, obligatioea and encumbrances of evsry ~atur~ arw~ kind now on s+~d desa~bsd
~ Property. a that hereafttr msy be imposed, wffatd, placec, levied, a assessed thereon, a that hereafte~ may be lev~ed a~ssessee~ vpon this Mort¢
sge, o~ tM indebt~dness secured he~eby, exh and we+y, when due ~nd pay+bl~. ~ccord:rg to law, before they br_on+e delinqve~ct, ane! befw~ sny intaai
~ afraches o~ sny penalty is i~c~rred; AND INSOFAR AS ANY iHEREOF IS OF RKOR~ THE SPME SHAII BE PROMPTIY SATISFIEO AN~ DISCHARGEO OF
~ RECO~ ANO THE ORIGIhAt OFfIC1Al DOCUMENT (SUCM AS, FOR INSTANCE, TNE TAX RECEIPT OR T.HE SATISfAC110N PAPER OFFICIAIIY ENOORSED
~ OR CERTIFIED) SHAII BE PLACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; and in the eren' that any thereof is not
~ pa~d, sat sfied and dixharged sa'd MORTGAGEE may at any time pay the same or sny p~rt thereof without waiving o~ sffecring any option, litn, equity a
` •~aht under or by virtue of this mortgage and th! full amount of exh snd every such payment shall be immed~arely due and payable and sMll bear interes~ .
~ ~•om the date thereoi until paid ar rare of n~ne pe? cenrum oer an$ ~ar~ r wi+h svth interesr shall be secored by the lien of th's morgb9e.
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