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1HI5 INDENTURE, Madt the 23=d d+y of
Sophus Petersen, Js. d Elly Pet~rsen, his wife
of St. WCiQ , Counfy florida, hereinaflK d~tgnated as the "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ~
ASSOCIATION OF fORT PIERCE, a capa+tion wy~ni:ed and existinq undM th~ I~ws of the U~~r~d St~t~i of Americs and Mvinp its principal pl+c~ of ~
buur»u in th~ City of Fort PiKU, St. luci~ County, Flwida, l+~rei~aha~ dtignated as t!r "MORTGAGEE." s
WHEREAS the MORTGAGOR is ju~tly i!?d~bted to 1M MORTGAGEE in the sum of = 27J~~• ~ , good end lawful mo~ev of the Unitcd ~
States advanced by the MORTGAGEE u~to the MORTGAGOR, ai eY~denc~d by a ce~t+in prom~sswy note of even date herew~th. of which fhe following in
' word~ and fipurq is a trw topy, towit:
= 27.500.00 r,~, 3-17 ~ 436 f
fort PiKCe. flwida. SQptQ~Q= 2~ a 19~_ ~
Fa val~s ~eceived, 1, we a either of us, promise to pay, without defalca+~on, to the order of FIRST FE~ERAI SAVIMGS ANO IOAN ASSOCIATION OF ~
FORT PIERCE at Fat Pierce, Fbrida, ?he sum of s 27 a 5~ w~th interest from date at the rate of ~~}'o per ar.num, in monthly irutall- '
ments u follows: S3O2 on the day of November, 19~L and a like sum on the correspond~ng day of each month therr
after until the whole be fully paid.
Esth installment fint shall be applied in payment of ths intc~eat and ~hcn on 1he ~npaid balance ol the p~inc~pal sum. !f d sult is made the
F•aymen? of ~ny installment when due, and such default continues 30 days, then at the opYr~n of the holder, and without any other notice, all the remainirg
~nsrallmcnts sha{I be due a~d payable at onte. Privilege is given to prepaY this rate in whole or in part at any time without penalfy. Neilher forebeerante,
nor acceptance by the holder thcreof afte? ~ny defauh i~ any payments hercon, shall be deemed extension. A late payment charge of =~.Q shall bs
added to each installment remaining unpaid 7 days after ib dw da~e, and a ~ike sum shall be added to each such instaltment remaining unpsid 7 days after
each succeedinp paymenl data
Exh maker, surety and endwser Ixreof, jointly and severally, waives demand, presentment protest and no~ice of protest fo~ ~+p~yment, snd funhe~
agrees to a~y extension of time of payment, either betore p after maturity, without notice to any of us; and to pay all costs of collection, includinp a
reasonable atto~ney i fee in the evenl of any default hereunder, and hereby severally waives a~~ benefit of homestead and eaemption u~der the constitution
and ~aws oi eath State of the Unifed States, as agai~st this obligatiw~ or any extension or renewal hereof.
Wit~ess the I+~nd and seal of e~ch party.
s/ Sophus Petezsen, Jz . ~n~~
(SEAL)
a/ B11Tt~r:en (SEAI)
(SE1~u
~ S41.25 ) stat• Revenw -
(~3AI~i Zi~e1fA~~i1~IrRFii511~)
NOW, THEREFORE, the MORTGAGOR fw the purpose of securing p~yment of ssid sum of = 27 s 5~ ~~+d the perfwmance of the
covenann and agrtements he~einafter exp?eued, snd fw divcrs good and valuable ca?siderations, by these preseots.'does yrsnt, barflain, sell, remiss,
release, convey ~nd confirm v~ro the MORTGAGEE, its successws and ~ssigns, sll that certain bt, pieoe w pucel oi land, situatt, lying, sr~d bein~ in the
~~~ty St . ~.LIC~@ , and Stat~ of fbrida, described as follows:
?hat part oi Lot 9~ of ~INDUSTRIAL SUBDIVISIq~I, as per pla?t thereof on file
in Plat Book 9, at page 5, of the Publfc Records of St. Lucie County~ ;
Rlozida, described as folloas, to-wit:
Begin at a point on the West line of said Lot 9, 20.2 f~et ~
South of the Northaest corner of said Lot 9, for a point~of
beqinniny; run Eaaterly 498.69 feet to a point on the East
line of ~aid Lot 9, Mhich said point is 12.05 feet South of
the Nortdeaat cosner of said Lot 9; thence tuzn and run South
on the said East line 75 teet to a point; thence tuzn and sun
Wast 498 feet sore or less, amd parall~l to the first linQ
~¢ntioned a?bove. to a point on the West line of said Lot 9, '
thence turn and run North along the West line of said l.ot 9,
a distance of 75 faet to tbe point of bQyianinq,~/
RECE~vFO t-- -`S~_-m e IN PAYME"!T ~JF TnxES
D'JE CN. CL~';S 'C' I"'".ti.^•~gLE PEtt~~yAl P,;OAEfiTY,
~ oF f= LO R I1~A - Pi"~_~ ~o c?~nP~ :;:ir. ACiS OF 1941.
~ W STAT E ~
i DOEIIM~N7A~~ STAM:_ . f~G-,r" PGI::.~~S. C(er1~ i;ircuit Cuert t
as Ager.t i~T CA!~I~l N. KNO'~YCES~ 1R
~ U ~~PZT71 ~ 41 2 5 St luc~e Ceur,fij Tax CoNector
p YUL oi tEttl~t ,
P.9.~~o~u ~ ~ a~~
DEPUi1F CIERK
~ ~oyether with all and sinyular the ternmenb, heredit~menri and appurtances tF~erevnto b~!«ginp a?n ~nywae app~rtaininp tMr~ro. ~nd aH r~nri, isswa.
~ proc~eds and pofits accruinp and to ~ccn» from said premises, all of which are includ~d in the above and forparg d~uription ~nd habendu~r~.
~ TO HAVE ANO TO HOtD the abov~ described +nd yr~nted pr~mis~s unto tFr said MORTGAGEE, ib succ~sson ~~d auipra fwewr. Md t1» s+id
htiORTGAGOR iw t he i r _~;n, ~,~~ton, administraton and auqro, hereby tov~r+ann with the iaid MORTGAGEE, ia wcuuon a~d ~uiprn,
~ ~ha~ Lhe~,-a-t~- I~wfuiiy kized of tiw said p.em~s~s i~ (ee simptr, tl?at tFk same x~ irw, clau arx! discharQed from al! (iem ~r?d ~ncw~+~
brances in law or in p~ity, snd that they will ard tbQii hein shall w~rrsnf ~nd defcnd tM titl~ to 1F~e s~m~ to tM aid
~ MORTGAGEE, ib sucuswrs snd aupro, fw~ver aqainst th~ lawful claims and demands of alI p~rsons;
VROVIDED, AlWAYS that if tht N10RTGAGOR ahal~ p~y unto tFe MORTGAGEE tht promi~swy not~ her~inbefae dncribed and sh~ll truly, promptly
~ y perfwm, d~sd~+rye. ~x~cut~, compbt~, comply with ~nd abide by each and every ti+e stipulations, ayreem~nts. conditions and co+rena~+ts of said
' and full
Promiuwy not~ u+d of tha Mortyape, tM~s- this.~lort9a~~ and tM Esut~ h~r~by v~ated shall uaa and b~ nuN ~nd wid.
~ IT IS UNDERSTOOD that the word "Mwty~po?" wf+ether in tFr ~~nQ~lar w plur~l ~nywhtr~ in this Mortyp~, shall be ~ir?pulK if on~ only u~d
~ ihatl b~ plu~al jointly and s~wrally if mwt than ont, and that tl+~ wad "their" as used anywhtr~ in this Mortyaye sh~ll b~ taken to rn~an "his:' "Mn;'
~ w"iti;' whtr~ver ?M cont~~t w implitt or ~dmiq. Also, that wherwe? ther! is a rtf~renc~ in the cov~nann and apn~menri hertin contain~d to a?y o/
~ rhe parties herHO, the sane ~MII be tonst~ued to m~~n as well as tM he'us, Ipal r~esent~tivss, wcc~ssori and ~ssi9m (~itF~ volunt~ry by atl oi tM
partits p involu~tay by opK~tion of the I~w) of the sar~ and that tl?~ coven~~t~ Mrein contained shall bi~d Md tF~t b~~efin and ~dvantap~s inw~
ro tFw r~spsctiw hehs. Ip+t r~present~tivea, succsuon a~d ass'ym of th~ pxties hertto.
Md a+id Mwtyapws, fo? tF~emttlv~s and their heira, I~y~l r~pr~sentatiws, wtuswn ~nd ~uiqm, hereby jointly ~nd ~ver~lly cwen~nt ~nd ~yr~e
ro ~nd with tM ~id MQRiGAGEE, its tucc~sson ~nd ~up~s:
~ 1. 1o pay all ~i+d ~inp~l~r tM princip~l and ie+tertst and ita vario~s and sw+dry awns of ma?eY paY~bl~ by virtw of said promiswry note, and tha
mw?pape. ~ach and ~vNy, prompNy on tM days respectively tM sMw s~v~r~lly b~can~ due.
~ 2. To pay ~II ~nd sNgvtar the t~ae~, ass~s~menn. I~vies. I7abiliri~~. oblg~tiaa and ~ncvmbrances of ~very natur~ and kind now on uid d~wib~d _
property, a that h~reaher may b~ impw~d. suffe~~d. Pt~ced. Iwi~d, a ~wssed Merwn, a that here~fte~ may be I~vi~d w asseased ~pon this Morq-
~y~, a tl» ind~bt~ea s~cvr~d Mr~by. ~ad~ ~nd we~y. when dw ~nd p~y~bk, accordinp w Inw, b~ia~ Mey becane d~linquent, ~nd b~for~ ~ny imaN~
arteches p~Mr penalry is intvrred; /1N0 INSOFAR AS ANY TMEREOf IS Of RKQRD THE SAME SHAIt 8E PROMYTtY SATISFIED AND OISCH/?RGED Of
RECORD ANp TME ORIGINAI OFFICIAI DOCUMENT (SUCH A5. FOR INSTANCE, THE TAX RECEIVT OR THE SATISfACT10N PMER OFFICIAIIY ENDORSED
OR CERTIf1E~) SMAII !E PLACED IN TME MANDS Of SA~D MORTGAGEE WITHIN TEN DAYS NEXi AFTER VAYMENT; and in the tv~e+t lhaf ~ny ther~oi a no?
p~~d, sat ~f~eC ~nd dischuqed sa:d 1NOR?GAGEE m~y at any t~me pay rhe s~me w any pan rhe.eof w~rhout w~iving w ~ffectinp any option, li~~, equity a
~ •~aht under or by virt~rt of this mort9pe ~~d the (ull amount of e~ch and every such payment shall be irremedutely due and payabk ~nd ahall be~r interest
~ irprn 1Ff~ daf~ fherfOf unfil piid ~f r~~e of mne per c~nrum per annum and toqet?Kr ~y~t6 s~F~j~y~re~t sM L~y~~ed by the lien of th:t mwytaye.
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