HomeMy WebLinkAbout1039 , 2151~5
THIS, INDENTURE. Msde the 3'~h day of A11~u9t 7~
A.D. 19~~, bclween
Joe Allen and Man$ell Allen, his xife ^
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of ~r• Lucie Co~nty Flwida, here~nafter desynated ss the "MORTGAGOR," and FIRST fE~ERAI SAVINGS ANO LOAN ~
ASSOCIATION OF FORT PIERCE, a corporat~o~ organized and exii~ing unde~ ~ha iaws of the Unired Sb~~t of Ame+ic~ ~nd Mving its principa) pl~cs of
busirtes~ in ~he City of Fort Pisrce, St. lucie County, flo~ida. hereinatter de~ig~ated at the "/~IO~R~:~'
WHEREAS the MORTGAGOR is j~~11y indebted to the MORTGAGEE in tha sum of S>» yood and lawiul money ot the Un~ted
Srates advanced by the MOR(GAGEE unto ~he MORTGRGOR, as evidenced by a cenam promissory note of even dare herow~rh, of whrch the fo!lowi+~p fn
words and figures ii a trus copy, to-wit:
s 5,9~•00 N,3-17,353
Fwt Pierce, Florida, "`'6"$t' ~~Q , 19 7~
:
fo~ value received, 1, we or either of ~s, promrisepto pay, without defatca~ion, to ~he o~der of FIRST FEDERAL SAVINGS A~tO IOAN ~ASSOCIATION OF
FORT PIERCE at Fort Pie~ce, Florida, the sum of S~iL~~~ w~th interest from date at the rate of 8~2 °o per ~rvtum, in monthly inshll-
~nents as follows: i=~L~ on the ~ St day of ~~~~r 14__ . 71 and a tlke sum on 1he co~respai~u~ day of each month thrie-
afrer unfil the who(e be fully paid
Each instnllment first shall be applied in payment of the int~rest and ~hen on the unpa:d balance of the p~inc;pa) wnt. If delault is made in 1he
payment of any insta~~ment when due, and wch default toMinves 30 days, then at the opri~n of the holder, and without any ather notice, all fhe temaining
~n:taliments shal! be due and payable at once. P~ivitege is givrn to prepay this note in whole or in pa~t at any time without penalty. Neithe~ faebearant~,
nor acceptartce by fhe holder fhe~eof afrer any defaulf in any paymems hereon, shall be deemed ex~ension. A Iate payment charge oi = •2 sh~ll ba
.+dded to each installrnent remaining unpa~d 7 days after its due date, and a hke wm ahall be added to each svch installmeM remaining unpaid 7 dsys afler
eath sutceeding paymeN dat~.
Each maler, surety and endorser hereof, joinqy and severally, waives demand, present~ne~t protest and notice of protest fw nonpaymeM, ~nd fur1F?er ~
agrees to any extension of time of paymeot, either brfore or after matu+ity, wifho~t no+~ce to any of us; and to pay all costs of coilection, including a
r~asonable attomcy's fee in the event of any defautt hereunder, and hereby severa!!y wafves all benefit ot }wmestead and exemption under fF+e tautitution
3nd taws of each Sfate of ~he United States, as aga~nst ehis obl~gation or any eatension or renewal hereot,
Witness 1he hand and seal of each party.
s/ Joe Allen tsEw~f
~ cseau
s Mansell Allen ~1~
(_~U ~ 87 ) State Revcnue ,
(S
NOW, THEREFORE, the MORTGAGOR tot the purpose of securing payment of said sum of S~~~W'~ , and tha perfwmance of ths '
covena~ts snd agreements F~ereinafter enp.essed, and for divers good and valuebte co~s~derations, by these presents, does grant, barqain, sell, remise, i
release, convey and coniirm unto the MORTGAGEE, its sutcessors and aasi ns, alt that certain tot, ~ece w rce) of la:~d, situate, t~ ~
9 P Pa Y ng. and being in the
County of ?S~i~ I.t~C~B and State of Florida, described as follows: ~
~
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Lots 2t and 22 of Block 4, I~SNCOIN PAR1C S1)BDIVISION, 1~0. 2, as per plat thereof on !
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file in Plat Book 3, at pag~e !t, of the Pulx].ic Aacords of St. Iucie County, Florida, ;
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N Ct?/.6f PE:iCUE~,' =,Zyks.'~+ ~ 8 8 5= s~ ,e~) '~G~
P.B.:9o~~~ = 7~ ~
ey
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together witl? all and :ingular the tenements, hereditaments and appurt~nces thereunto belo~ging or in anywise appettaining fherefo, ~~d all renri, issues,
pro~eeds and profits +ccruing and to accrue from said premises, all of which are included in the above and fo~egany destriptan and habendum.
TO HAVE AN~ TO HOID the above described and granted premises unto the said MORTGAGfE, its tuccesswi and auigns forever. Md th~ said
MORTGAGOR fo~ t~~ heirs, executors, adminisrrators and assigns, he~eby covenants with the said MORTGAGEE, in successon and u~ipro,
rhat -th~-a~--- Iswfully seized of the said prem;ses in fee simple; that the ssme are free, clear and dixha~yed from all liera and eexurt~
brances in !aw or irt cquity, and thst~._ will aod - t~9ir heirs thall w~rrant and defend the title fo the um~ fo fM iaid ~
.M.ORiGAGEE, its iuccesw~s and assigns, forever against the ~awful clsims and demands of all persons; z
PROVIDED, AlWAYS that i( the MORTGAGOR shatl psy unto the MORTGAGEE the promisswy note Fxreinbefore dewibed and shaN huly, prompffy
and fully periorm, d~scharge, execute, complete, tomply witF~ and ab;de by each and every the stipulafions, ag~eements, conditioni and covena~tt of said
prom~sso.y note snd of this Mortgage, ~hen thii Nbrtgsge and the Estate hereby created shall tease• snd be nvll and void.
IT IS UNDERSTOOD that the wwd "AAortgaqoi' whether in the singulsr w plural anywhe?e in this AAatg~ge, shall be sirqu~ar if on~ only and
•hafl be plunl jointly •nd severalty if mo~e rhsn one, and that the word "their" as used anywhere in this Mott9aye ihall be taken to mean "his:• ••h~n,• ~
or "its;' whereve? the conle~t so implies or admits. Also, that wherever there is a reference in the covenants and ayreements herein confairrd Io ~ny o~
fhe p~rties he?eto, the iame shall be consrrued to mean as well ~s the heirs, :egal r~presenfativei, successon and assiyns (eithe~ voiuntary by act of th~
parr;es w involunfary by oper~tion of the law) of the iame and that the covenants herein contained shall bind ~nd tM benefiq and ~dranby~t inur~ f
ro the respective heirs, legal representativei, successor~ and ass~gns of the p~rtiei hereto.
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And seid Mortgagors, fw themselvct a~d their heirs, legal representstives, tuccessws and sssigns, hereby joinfty and s~vtnlty coven~nt and aQrp
+o •nd with the w~d MORIGAGFE, ;r~ successors and asslgns:
1. io pay •11 •nd fingular thc pr~ncipal and intere~t end the various ~nd sundry sums of money pay~ble by virtue of said promisswy not~, ar?d this
mortpa9e, •+ch and everY. Promptly o~ the days resped~vely ?he sarrH severally become due.
4. To p~y all and ~iny~lar the taxes, esKSSment~, levies. liabililief, obligations a~d e~cumbr~nce~ of wery nawra ~nd kind ~ow on ~id dKCrib~d
p~opertY, w that hereafe~r may be impwed, suffered, pl~ced, lev~ed, w assessed thereon, w that hen~(ta may bt levisd a~ssNSed ~pp? ihit Mortp-
~q~, a ~M ind~btedneu secured hereby. ~ach ~nd every, wMn due ~nd pay~bls. ~ccordinp to law, belw~ tMy bacom~ delinqwnt, and b~fon ~ny iotere~l
.++aches or •ny pena(ty it inturred; ANU INSOFAR AS ANY iHfRfOF IS OF RECORD THF SAME SHAIL 6E PROMVitY SATISFIfD AND OISCHARGEO OF 1
RECORO AN~ THE ORIGItvAL OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANCE, iHE TAX RECEIPT OR THE SATI$fACTION PAPER OFFICIAItY ENDORSEp
OR CERTIfIED) SHAtI 8E PIACED IN iHE HANOS OF SAID MORTGAGEE WIiHIN TEN DAYS NEXT AiiER PAYMENi; and in the ~v~nt that ~ny thsr~of is not
pa~d, a~t"t/red and ditcharged sa d MUAiGAGEE m~y at any bme p~y the same o~ any p~rl ~hereol withovt waivi~iy or af(«tiny any option, lien, puify or
•~ah~ v~de~ or by v~rtue of ?h~s morrgsge end the i~ll en,~m o1 eath ~nd every futh p~yment sh~ll be immed~ately due and pay~bls ~nd fhall b+a~ i~l~?~st
~~om ti~e d~te thereo/ un~il pa~d nte oi ~me per ce~rum per •nnom r~e~ ~vch i be secured by tAs lisn of th'a mwytape.
_ < ss-c~ ~ r .y'~y ,,.s:~`".
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