HomeMy WebLinkAbout2938 2i4~2
TMIS INC:NiURE. Madt ~he ~~'h day of Au~113t A.D. 19.~L , bennee~
Lorin H. Sarrett atihl,ean B. Garre~~. hi's
o+ ?Str• UlC~~ ~pun~y ~i~y,d~, hc~r~n.~fier drsy~~a~rd aa thr "MORiGAGOR," and FIQST fEDERAt SAVIhGS AND IOAN
.>i50CIAT10N Of FORT PIERCE, a corporanan orgamzrd and e¦~si~~~g undr~ thc laws of the Un•rcd Stat~t oi Ame~~c~ ~nd havinp ib prirxipal pl~te of
b~s~n~u in rhe Gry of Fat P.er.e, 5~. luc.e C..+~nry, iia~ds, h..~e~n~f~ar des.gnaT~•d as tM ° i3~TGrAGEE:'
WHEREAS the 11WRTGAGOR ~s ~usNy ~rwiebted ro +he J11JRiG.~GEE ~n t1x wm of s good and lawful mw+ey of 1ht Un~tcd
~•eres adra~.ccd by tne `.!JR*GAGEE ~rru ~he MJRIGA(~uR, es r.w~•~~c_d 4y a ce~ia~n prom:syury notz o! rYrn dite herewith, 01 v.h:cA ~he foltowirg in
• ¢s•nd f~gu.r~t i a r.~ copr. ro..~~t:
s, 41,500• 3-t7,336
fort P~crte. flor~d~. - A~`gt ~ 9 19~i
Fw wi~ rKNY~, I, W! OI e~thrr of us, prom:~ to par. w~~hcuf dt4a'c~~~J~. fJ the ordee of FICjT fEDkRA~ $AVINGS AhD IOAN A:Sl7C~A1101V Of
RT PIERCE a1 fort P~rrce. F;y.~da. thr sum of S~~ 15~~~ - - m,:?. ,~.~r,rs~ t<<..., d~rt~ ar Th~• rate of 12a2~°e pe~ ;.~~n~m. ~e nwnti~ly ins~al{-
..,rs as f~;luv~s: 3.71][tti[f[ on thr _13~ day oi~- _a.`~Q~ `j_ . 19 ~1 anJ a I,Ar w=n on ~he ca~r.:spond,ng J.?y ot each mattF. ihere-
.~"c~ wu~t rhe ~AO:e be f~~~iy ~,a.a.
Fach :,:sr~: :»e•~f fust she;: br rF.p;~~-d Ha>^~~~nr of thr ;nt.•~.~st a~~d !:,rn ~~n !hr ~,npa d ~ala,::r of thr pnnc pai swn. If d~fault ia made in tbe
.+.in~ of a:~y .~este :~•~tnt M?.rn d~e .,nd s~.n dct.~~:t :on~:,.<•s 3:~ de~s, thrn at ~hr op!:cn of thr h~;~rt, utd w~thuut any o?i.rr not~cr. ail Ihe +rma~~.~~g
,ra ~ment: st:a~~ br d_~c ~nd ~a~,:, r nr ~r:,r Fr,r. ryr i~ g~v~:~ tv ~ rr~ ey th.s ncrr :n who:r or in pert at a~~y t me w~thout penalty. Nenhe~ ~fo/r~bearacte,
acceprance by •ht +n~Jcr rhr.cv! ahrr ~ny o,~t~o:t any ~.~.~~.r,,,s nerro•~. st~a~: tx dee~-ied ea~~~~~s:en A 2 • ~
• ta~r payn,~nt cMrge of 5-~-1`~., shall be
~ i,-d ro eech knsrj .,,,r;.t .rn,a~n~ng ~::ra.d 7 days a!~rr ~ts d~e da!e. ar+d a.,•., s.:•, ! ir .~d.i~d to each w:h ~nitailm~nt ~znwi~ning unpaid 7 day~ ~(ter
-e:n svccredny pa.~ ~rnt ai.~~r-
Eeth :Td:.cr, p.•rrty a::d end,;:irr hr~t~f. v~r!iy ,r ~d Seve•~'!Y, wd:vli :~r.•..rrid {•r~~::t~•~r~~f Ev;,trit and rot,~e o4 proteSt 1CV nonpaymtnl, and furthe~
i.i~r_~i tu any ra'~•ns cn of r::rz u! V~y:+•r~,t. b_ ~~:r or ar,e; ~*~a~.~: ry wa^+;,,,r to .+n, of vs: ,~:,d ro p a~ a:l costs o} eo!irction, ineiud.ny •
s_ vb'e a!•o.r.ey s tre c~ r4r e.r•.t of ~n~ J_':~. ~ here~~:drr. drd ht;eby s,.~r,a,..y.•.ti.,.es ati c~~ ;r`~t ~f h,jr,r~rred a~x! eaa~oph.x~ u~,der Ihe cO~ftitutiOn
'av~s oi eact+ S~ea~ o~ !nr 'v~~~ed ~!acrs. .~s av 'h:s etr:agat~o~ o~ any ewTrns~on or r,•-r.~jl hrreaf
1Y~tne~S th! Aand a~d Stdi Ot r.uh F~rt~
: _ s/ Lorin H. Garrett ~~U
~ (SEAI)
' s Kathlaen B. Garrett
.pV2 ~25 ~ Srate Rerenve ` (~11 ~
!3*sn+pt't~nteNed~ew~e,~las?+~ere}- ~
NOlil, THEREfORE, rhe M~~Q7GAGOR fw rhe pv-pose of SCiti!in9 p,yTChT of said s:sm o1 S ~ 7w~ ~ and the perforrnance of the ~
c,tienants a~+d ag.ee^~~,~s here!naffer rxp•esseA. ef:d for d..rrs g.~od a~d ~a!uabte cons:derat:ons, by these presents, does gr~nt, bar9a~n, sell, rem;u, ~
: ease, conveY and cor~t~:m u~t~ fhe MJR?vAGEf, cts sxceaso~s .•nd aas:gr.s, a~l thar certa~n lot, p~ece a par~ei of iaad, situate, lying, and being in the ~
~o.,nty of L11C~8 _ , end Srate of Pior~da, deu~ibed ~s failows:
~ a~c~, oxr
~am t,he South ~ corner of Section 28, Tamship 3!i South, Range lt0 Er~st nin Nor~h along ~ ;
line 363 feet; thence run North 88 degrees 20 ainutes East to the East right-af~w~r line
of State R,oad (U. S. High~r 1) for point of beginn3ng; t}yan~ce run on same course to a
point 200 feet distant from the i~est ri~t-of-w~y line of State RAad ~!!t0 (G~ld ~laie Highv~y)
as ~eanst~red alortg said course; thence sout.heasterly, parasl,el ~rith said West right-of~va~y
line to North line of State Aosd S-608 (St. Iucie Kaad) thence ~rest alacig said north line t
~o ~ast right-of-~ray line of State Road ~5; thence norLher~jr alcrng said East right-+~£-~a,,y ~
Tine to point of beg3nning, the saane being a part of the S~ of SF3~ oP said Section 28, i
. rnmship 34 South~ R,ange !~0 ^nast, ?
~a~C~L TtiA ;
3egin at the S~ corner of SecLion 28, Township 31~ South, Ru~e 4~ Fast, run thence North alor~g
the ~ section line 3b3•9 fest to point; run east 120.1~ feet for point of begiruiing. Fras
a~int of begirmir~g run northxester~y along the east right-of~ray line of State Road No. 4
i 25.9 feet; thence North 80 d,egraes ~1 ~ East 539.3 feet; thence South 208.3 feet thence ~
~St 484.0 feet to point of begi,nning, containing 2 acras, more or less~
;
•cyerher w~th aif and singu:ar the tenements. Aereditaments arid •ppuruntes thercunto belonq~ng or in anywise ~ppcrtaininy therero. a~d ~I) rents. iswes,
::•oceeds •nd prcf~ts accru~-,g ar,a ro accr~e irom iaid prem~ses, a~~ of .~,hc~h ue ~nctuded in the aDove •nd fwegwng description ~nd habendwn_
TO HAVE AND TO MO~D +he above descnbed •nd granted p~em~us anto ~?+e se~d MOR7GAGEE, ~ti successors ~r+d assipns (werM. Md tlq ~aid
v:;:ar~a~ae ro. ---~eir r,~,rs, efecurors, adm~n.s~*ar~rf and ass:gns. Fxreby corenants wirA the sad MOR'GAGEf. ih aaccessors •nd auiqna,
;awfu~ly surrd of rbe sa.d prem,ses in fee s~mpie; ?haf the same are tr~e, dear and discMrped (rom •II liens and Mcvm~
_•antq ~n isw or ,n ey~~t~. •r~ thit- --y18~ _ r`:±~ and ---~1@j,P- htirs shall warrant ~nd delend the rirle ro fhe sam~ to th~ said ~
v'~RiGAGfE, ns svcceasori and ass~~ns. (oro~er aga~~s~ the ia«f~l zta~m~ snd d•_m~ndi o( •II persons;
PROVIDEO. AIWAYS ~h+t if the MORTGAGQR •~a11 pa~ tinto the MORTGAGEF tt.e pro.n,ssay nore he~e~nbefwe deuribed a~d shall fruly, prompthy
e^d fufty perfo,m. d.~ct»rQe. e¦ecure, compse?e. romp~~ w~+h a~.d Eb de by uch and evcrr the at~pi,la~.ons, aq~eements. condrtions and tov~nts of s~~d
..~:-,.ssuy ncre •~.d o! tn:s Mor~g~ye, rhen r?.~s Nb+~gage and ~he Esrate hereby cre~ted fMtl cease and be n~11 ~nd vo~d. ~
IT t5 UNDERSTppp th~t +he word "Mor~~egor.. v„lxrt•er tht s~~guiar a pivral a~ywAtre in th~s Matyaye, ahall b~ si~qulu if on~ onty ~nd ~
~~~~r be pi~r~l p~rity s~.d u.traNy ~f more thsn c:r. end tl:st )re ward '~he~r" ~s used anywfiere i~ th~a 1Norty~yt shall be t~k~n to mean '"hif.•• ••htr~." ~
'~ts," wFwe+er rhe cw~r~,r ~a ,mp!;es w ad^~,ts A?so. ~h~~ «he~ever the.e ~s •~eie•cnce in ~ht covena~U ~~d agreemenri herein cont~in~d to anr of ~
•~-e p~•i.es here+o. the sar.+e i1.a:1 Ge con~~.~ed to ~~ea~ as we~l the he~es, l~qal nvreaent~r,~es, succesiw~ and s~~.Q~~ (eifher volunt~ry by xt o1 tM
;,s~+.ef u:.,.pt~.,r~ry by operano~ 01 the ta«i c~ fF~e aa~•.e •rx! tl:er ti.e co~en~nts herem com~~ned sMll b~+.0 and ~he b~nef~ts ~~d adwmp~s inur~ f
•o rhe r~spet~~re he~rs, ~eg~: rEprcx~>tat~Ye?. suc:estc~s •nd essqna ol ~ix p~~r,es he~e~o- !
And sad N.v.tq~qors. fa N,en:se'•~es and rhe~r F.~ns, iey~~ re~,.exnt~rwes, svccesson and •».y~s, her~by ~ointty ~nd sev~r~lly cov~~nf ~nd ~rw :
+o ~nd w,tA the u~d MORiGAGEE. ~ta ~vccessws •n0 •tti~qnt }
1. To par aII •nd f~npvlar thc pn.~.p~f •nd ~r,tereft ~nd Ihe va~.ovs •nd s~nMy fvm~ of mpn~Y Pay~bte by v~rtue of s~d prom,sWry npt~. and tAis ~
^u~tp~ye, e~ch •nd wery. ~wo.nNtiy on flk d~yt .eipec~~vel~ tM s~rru sew~aUy become dvt. ~
2- T° WY •11 ~nd unyvi~r the r~.es. •saess~*~enrs. iew~ss. f~~6~i~e~es. obt.q~e~ons •nd ~~cumbu+ce~ of every rutur~ ~nd ?ind now on ~~id d~Krib~d
p~oye.ry. w t?,~~ ?ur~~f~e+ m~~ ~,,.,p~,Kd. s;,ffer~, p!~ced. lev~rd. or use+sed thc.~on. a tlu~ here~l~~r m~y b~ Itr~~d a~ueued upon tF~i~ Mwtp- :
•ps, w tM ~nd~bsed..e~s aec~r~ 1.~~eby. s~cA ~r~d ~v~~~, w?kn dve •nd p~y~bJ~. «cwd~ny ~o I~w. befae thtY becom~ ~IN+qwnt, ~nd ~fw~ ~ny int~rNt '
•%l.es x en~ ~.er,~•~y ~t ,•,c~...d. pr,L ~!i,r~:pp pS ~r~r ?MfREO~ !5 RICGRU THF S.1ME SNA?~ aE PROMPTLY SAfISFIED ANO O~SCHARGE~ Of
~'":~D A'.G TME ~iRl~~:?,Al Cr~{1!~At (rl~fuNfNT ~SU!1/ A5 FOR INS~ANCE. 1NE 1A1( YECf~YI OR INE SAII$iACt10N PADER O~fIC1ALlV fNOORSEO
'.+'_FQ•~i1ED~ SMFII EE VIRClD tNf HPS~US Ot SA~G M<~Ri(,AGfF rti1~HIN ftN OA~S NfX( AitEp VAYMtNT, •~d ~n t1r~ ?v~nt eA~t ~n~ tht~eof y nor :
.+•f. s~~ t~ ed w•~d d,tr/,~..~..) te d N.'_ik'.!~A',F f,..sr N•n • rhe ?w~r or ut H.~~ 1 ;
i t• ~ r?~ eo w~t~wv~ w~~vu+q w•Ile«~nq any opr,an. li~n. pud~ or
•.•~•.r .•:.ie• bi .:,r•.e ot r~.~s ,.~y.:a. ,.,.f r~.. f , ~ ~.n i,~ ~.c?: .,,.i s~.i~ p~v.,~e~f ?h~U t~e ~~~,.,,~d~NeEy dve •~,d p~~~ble a.+d ?hall Mar ~roN~p
~•,r, :tr d~~. ...ereGl .nr. .j .r v7 r. i.r. ~rn. ~.~r •nr..~.,~ •,.d f. ?~7.?~ s.d~ f~.:fh .n~e f fh I
~ dvVT~ ~~~eau~eA 1~y n,~ 01 ths mo~9rp~
2936
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