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2i~385 ~
THIS INDENTURE. Mada the 2~h day of Septeanber ~ A.D. 19~~, betwern
Louis C. Madison and Elaine L. Nadison._h~_1~Life -
of St. ~1C~A C~nty Fiaida, hereina(ter desl~nared as the "MORTG~GUR," and itRS~ FEDERAL SAVl~:GS AND IOAN ~
ASSOCIATION Of FORi PlfRCE, a torporat,on o~yani:ed 'end ea~st~cg unde~ ~he laws of the Un~tec! S~ei~s of An~erica a+~d haviny it~ prinupel pl~ce of
bus~neu in tM Ciq of fort P~erce, St. lucie Counry, Florida, hereinafter des~9naied aa ~hs "MORTGAGEE;'
WHEREAS the MORTGAGOR ~s ju~tly indebred to +M MORTGAGEE in rhe sum of s_ 1 Ts20QiYY , 9o-d ard ta.~fut mu~~ry of rhe Ua:tcd
S~ates advanced by the MORTGAGEE vnro the MURIGAGOR, as ev:Jtnced by a ceriam pwnusicry na~e of e~en date here,~~ib, of wh'ch the ioilor.~rxj in
no:ds and figures it a true copy, towit: ~
s ~7,2oo.eo No_ 3-17~423
Fwt Piecce, flwida, . ~Pi~~b@r ~ 19_~ t
For valve received, 1, we or eithe~ of ~s, prom~se to pay, without defaicanon, to ihe erder of FIRST FEDERAL SAVWGS AND LOAN ASSCCIATION OF
~ORT PIERCE at Fwt Piercr, f!or~da, the sum of S- ~-~2~1~ w+th ~nrerest from da*e at rhe ~ate ot .~i7~o per ennvm, i~ month;y install- ~
~^ems as fo•'Iows: S ~ on rhe _~~~ay of ~'ebI'11~2'V , 19 . and a fi~e su:n un ihc correspond,ng day of each month there- ~
etter unti) ihe whote be fully pdid. j
Each installment iint sha~l be appl~rd in paymrm of the interest and then on ihe vnua,d baiance o! rhe prnc pat w:~~. if ~i ;~tt ~i ma3e :z ,!:J
,.,yment of any irtsta~!ment wheo d~e, and such defau:t tonrinues 30 days, then at the opiion of the ho:de~, and ~vithout any otk:er rot~ce, atl ~he •emaining
„railments ahefl be a~e and payab'e at once. Priwlcge is g~ven to prepay this note ~n whole or in parr at any t~n,e w~~ho~t pe~~aity. Ne~~he`r forebearance,
^or atceptance by the ho~der ~hereof af!er any default in any payments hereo~, shai~ be deemed extenvun. A la~e payme~t charye of S___S~a~Q skalt be
~ci~ed to each instatiment remain~ng unpa~d 7 days after its due date, and a t~Ae wm si~alJ !x addec3 ro each s~ch instatimrm re,r~au~i~ig un};aid 7 days aftrr
each-ssrcceeding paymem date.
Each mak~r, sure~y and endorser hereof, jo~ntly and severally, wa~vrs de^~and, presenr~~ent protest and n~t:ce of prorest ior nonpayrnent, and further
e~rees to any eztenseon of hme of payment, enher beFore a afte~ maturity, witho~t n~r:ce to an~ oF ~s; ar~d ro F:ay ali cos~s o~ coiienion, includ ng a
r~esonable attomeyb fee m the event of any dr{auit herevnder, and hereby s>Ye~a~iy .v~i,,es atl UEnef~t af l;om~s~ead and earmp!~on u~der the conatitution t
~ ~,d laws of each State of ihe U~ited Stases, as aga~nst this obi~garion or any ex~ens~on o~ renewa~ herec ' _
~ Wirness the hand and seal of each perty. G~~ '~~-~L
3~ LOll~S ~'i. MA~3A1'1 {SfAI)
i ($EAl)
} ~
- ' . (SEAI)
` ~ ~r~ _ o~ . ~ f ~t~-iL%(SEAl1
~+.LU,L ) $tate Revenue
~S~+rwps-wwoii~a~l~w-0si~ina~ wat~y.
' NOW, THEREFORE, the MORTGAGOR for rhe pwpose of se~cu~~ng paynent of aatd svm of S ~ 7~2~~~ , and the perfo~mance of the
covenants and agreements herefnafrer exprsssed, and fw d~vers good and valuabie cons~derat~ons, by these prese~ts. does grent, bargain, se'1, rem~se,
; ~e!ease, to~vey and confirm unto the MORTGAGEE, its successon and assigns, all tha? ce~ta~n (ot, piece o~ parcel ot land, s~t~ate, lying, and be~ng in the
~ County of St.. ~21G~6 , and State o! F1o~idn, desulbed as (ollowa:
:3
_ ,
~
'Y
Lot 5, Block 395, PORT ST. LUCIE, SECTI02d 6, as per plat thereof on file in Plat
~1
Book 12, Page 3b, of the Public Records of St. Lucie County, Florida
;
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= Du~ oN cwss i:;ra;~ Pa~~,~,~ o~ T,~xF,
_ PURSUAKT 70 Cti 1Pi-e~ `•,lk~.E P; p.~ P:i~pfR
_ F~ ~ ~~~~fi~~. .,;E,-K ~:_r; :;F 397I. N~
: C~ri:.~:t Cc.;~t
~ aSAe°~tf,?:'~~
_ ~ N. t..`:~."rIES. 1,~
r'{ w S~~~? ! t°F 1- L~~ 1 U A W=Je CJU:.t;.=1a; Co,~ict~r
- U~' GOCUN,E~vTa~ ~ Sj '+`iP TA X 6 /
_ ~ a - OCT15'71 J~~~.'~
= r ~~;~t'~c~
- ~ _ ~ ~i=25g0^
v - DEPUTY Ct£RK
N ~icvr.oF e~rt?:~ti,`
~ P.B.~9o~~z
:t
iogetFur w~th all and aingul~r the tenements, he~ed~taments •nd sppurunces thereunto beiong~n9 w in anywise •ppertaining lhcrero, •nd all rents, istues,
= oroceeds ~nd profits accrui.y •nd to accrue from sa~d prem~ses. all of wh"rch are included in rhe ~bove and fwegot~g dexriptio~ snd haber+dum.
TO HAVE Allp TO HOLD rhe above desc.ibed and g~anted prrm;ses unto the seid MORiGAGEE, ~~s succestio~s and assiflns forevsr. And tha said i
__~~~1---
MORT~,A(',OR for - - heirs, execufo:s, adm~niarra~ors and assigns, hereby covena~ti with rhe ssid MORiGAGEE, ifs successors a~+d ~asiQns,
rhat --}'heY Iawfully ui:ed of the uid prem~ses in fee simple; that ~he same are free, cfe~r and dixharyed from all liens ~nd encur~
b~ences ~n law o. in equ~ty, •nd rhar t1'1ep_ w~ll .~d _ their_ he~rs shal! wariar+t snd defend ~he t~tfe to ~h~ s~m~ to th~ uid
= MORTGAGEE, its ~uaetson ~nd ass~qns, forever a9ainst the law4ul daims ard demands ol alt perso~s;
_ PROVtDED, AlWAYS tha~ i/ the MORTGAGOR sMli pay unto tAe MOR7GAGEE the prwnitsory note here~nbefose deu~ibed ~nd shall truly, promptly
_ ~nd fufly perform, d~scMrp~, eaec~te, co~plete, comply w~rh and ab~de by each and every the itip~iations, agreemtMS, cond~tio~s •nd toven~~b of sud
: prom~sso?y nott and of thi~ Mwtgage, ~hen thif Matgage and the Estate F.ereby created she~l ce~se and be nul( and vo~d.
IT IS UNDERSTOOD fhst the word "Mortg~yor" whethr. in th~ ung~Is~ w pluraf •nywhero in rh~s Morrg4ge, shall k~s singuta~ if ont only •nd
shal! be plui+l pintly ind Hver~lly i! mwe than one, and that the wwd 'Yhen" as uscd anywhe~~ in th~s Mort9age shall be Nken ro mean "his," "?Krs,"
`g w"its;' wherever IAe conteat w implies w admits. Also, thsl where~er there if a tefe•er+ce m the covenents and sgreements here.n contained to ~ny o1
the parties hereto, Ihe umt shall be construed to me~n as we!! a~ thr he~~~, Iegal rep~exnr~t~res, avccesswe and ass:gm (eit?xr volu~tary by ad of the
_ parties or involun~~ry by operation of the I~w? of tht same and that the covena~ts here~n co~ra~ned ai,all b~nd and the bFncf,r~ and advsnta9es i^ur~
ro the ra~pective heirs, I~g~l represematives, succesters and ass gns of the part~es he+eto.
' And ssid Mo~tfl~gors, fo• themu(ves and their Freir~, l~g~l reprecenat~ves, suuesso+s and ass~~~~, he~eby jo~nt{y and seve~ally covensnt •nd ~yrae
- to and with the aaid MORiGAGEE. ~ts svccesso~s and +ss~gns:
_ 1. To p~y •II ~nd sin9ulir rFu prlrK~paf and ;nte~eir •nd the vanous and su~dry wmi of money payabte by v~rr„e e~ sa~d p~cmi~sory note, and this
- mwryye. e~ch ~nd w~ry, promp~ly o~ rhe d~ys respectively fhe same s~v~rafly become due.
} 2. To pay •If •nd ~~.~yular fF,e taxd, •stessmenH. levies, lisb~~n~es, oW~qations and encumbrar.ce~ o! every na~u~e and k;nd now on sa~d dhcribed
: Property, p th~t hercaiter may be imposed, s~ffered, placcd, Icvied, or auesicd thereon, o? that heresfter miy ~ Iev~~ or asKSSed upon this Mortp-
~y~, a tht ir?debted~esf secured Fxieby, ~~ch ~nd evcry, when due •nd payable, accord~ny to law, befwe they become de~~nQ~ent. ~nd be/or~ •ny int~+et1
- atiachts ot •ny p<Mlty is incurrtd; ANO lNSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHA~I Bf PROMVTtY SP.TISf1ED ANO DISCHARGED OF
RECORO AND 1HE ORIGlNAI OFfICIAI DOCUMENT !SUCFI A5, FOR IN57ANtE, iHE TAX RECElPT OR TME SA~I$FACTIflN VAPER OffIC~AtIY ENOORSEO
OR CERTIfIED) SNAII 6E PIACED IN THE HANDS OF $A10 MORTGAGEE iM1iMiN TfN DAYS NEX) AftER PAYy1E!VT; and m th~ event ris~t ~ny thereof is rw1
_ pa~d, satified and d~schargcd sad MORTGAGEE m~y ~t enr ~~me pay the sa.r+~.m any psrt thereof wi+hov~ wa~~~ng or efiect~ny any opt~on, I~en, ~qv~ty o~
; •~qht urtder or by wrtue of th~• mo~Tgage and the fu'I amaum oF each •nd every wch psy.~ea+ sha~i ~.mmed~efe~y dve •nd payab:t a~d shall bear i~terqt
~•om t?re datt 1lureof ~nril pard at rate o~ n+ne per tentvm ?nn~m ?nd roge~he. w th tiuch ~n~e~est s~a'I be e e e Ltn of th s mwqtt~. F
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