HomeMy WebLinkAbout1771 21'766~ `
THIS INDENTURE. Made the 19th da,r of OCtOber A.D. 19.71, be~ween
_ W. R. DraMdy and Ma ry Jane Drawdy~ his wife
of - St~ Lucie ~ Cp~nty Florida. he~eina(tet des~gnated as tht "MORTGAGOR." a~~d FIRST FEDERAL SA'JINGS AND IOAN
ASSOCIATIQN OF FORT PIERCE, a corporat~on organized and ea~sting under ths laws of Ihe Un~ted Srer~s of America and havinp its princip.~) plate of
bus+ness in ths City o1 Fort P~srce, Sf. lucie County, Florida, hereinaiter dasiynsted a• the °MpRff~A`,EE'° ~
WHEREAS th~ MORTGAGOR is justiy indebted to the MOl2TGAGEE in the sum of ~ 8~~~j ~ 1___ , good and la~n{u! money of the Un.ted
S<ates ad+an~zd by the MORiGAGEE unto the MORiGAGOR, es ev~danced by a certam prom~ssory rote o( e~en dare 1~rrrw~tl~, of wh,~h the foiiowmg in
~rords and hgu~es ~s a true copy, ro-w;t: ~
s 8.800•00 • No- 3-17~521 ~
Fort Pierc~, Fb.~,, ~tober 19, 19 7I ~
fa value received, I, we or either of us, prom~se to pay, without de~aicano~~, to rhe o~der of FiRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
~ORT ?IERCE a1 fort Pierce, Fbr;da, the sum of S-- 8L8~~~ wnh inrerest kom date at the rate oi _72?~ per anrum, in monthty ins~aN-
~ents as fol!ows: E-?~_a~,__ on the _15t day of ~'CeIDber_, 19__?1__ and a 1~4e wm the conespond:ng day of each month the~e- f
a~rer unti! ~he who!e be fulty pa~d.
Each ]nstallment firat shaU be appl~ed in paymant of the interest and then on the unp,~;d balance of the pnnc pal sum. If d avlt ~s made in the
; a;~nent of any instal!ment wher. d~e, and auch drfault cont~n~es 30 daya, then e! the opr~on of the ho~der, and w~thu~t any other not~ce, ail the remaining
~staftme~ts shall be due ar.d payeb7e a? once. Pr,rJege is g~ven to prepay Ihis note in whole or in part at any t~n,e wiihout penatty. Neither forebearance,
~or atceptan~e by the holder thereof aftt~ any de~a~lt ~n any paymeros hereon, shall pe deemed extension. A late payment charge of S- ~a~--. shall be
.;~ed to eath installme~rt remain+r,g unpa~d 7 days afrer its due date, and a i~1,e sum sha~l be addrd tu each wch ~ns~a~lmem ren;a~~ung unpa~d ~ days affer
e.~ch succeeding payment date.
EacA maler, surery and endorser heieof, ;o;ntly and severaliy, wa~ves demand, presenrmenr protrst and n~t„e of protest for nonpay~~:en1, a~d further
a arees to any extens~on of nn,e of payment, eithe: before or aftrr matur~ty, withaW no~~ce to any of us; a~zd to pay ail conrs of co lection, inc;ud,ng a
,scnable attomey's fee m!he event of any de.`au't hereunder, and hereby severally .va~vrs ali benefn of ho~nrstrad and exzmp!ion ur.der Ihe consutu!ion
~ d laws of each State of rhe Umted States. as aga;nst th;s ob~~ga~~on or any eatens~on or renev.al hereof.
Wrtnesa the hand and seat of each parry_ ~
S~. F. Dra1?C~y (SEAt)
tSEAI)
S~dry Jane Drawdy (SFAI)
$23.2~ a Sta~e Revenue (SEAI)
:
: NOJY, THEREFpRE, the MORTGAGOR for the purpose of secvring payment of sa~d s~r~ of S 818~~~ and the ptrformarxe of the
; :ovenanit and agreements here~nafter expressed, and Eor d~vers good a~d valuable cons~derahons, by these prosents. dces grant, barga~n, se~~, rem~se,
~e!ease, convey and contirm umo the MORTGAGEE, its succeswn and assigns, al~ that certain los, piece or parcel of lar.d, situate, lyir,g, and being in the
~ Couny of St .~.uC le and State of Fioride, described •s follows:
~
Svuth 200 feet of the North 24S feet of the North 1/2 of the Noztheast 1/4 of the
_ South~rest 1/4 of Section 30, 'Township 34 South, Range 40 East, St. Lucie County,
Florida,..-
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' !ogerher w;rh al! and f~ngula~ the tenements, hereditaments and appurtances thereunto belong~ng p in anywise +ppe~taini~g lhereto, and all rents, iatues.
proceeds and prof~ts accruing a~d to accrue from said premiiet, all of which a~e included in the above ~nd fo.egoing deicripT~on and habendum.
TO HAVE AND TO HOID the above descr~bed and granted premhes uroo ~he said MORTGAGEE, ~t• successors ~nd as3iyns forev~.. And tl+e ~aid
_ N10RTGAGOR for ----the1l-_- ?xiro, executors, adm~n~strators and ass~gns, hereby covenants w~th the s~id MORTGAGfE, it~ luccesior~ ~nd auiyM,
- ehat - Y------
- the aZe _ ~awfufly se~ted of the sa~d prem~ses in fee simple; rhat the ume are IrK, de+r and dixharg~d from •11 lie~~ and enc~xrr
brancea in faw or in equity, and rhat_ th~_ will snd _ thel= _ he;ri shell w~rrant and defend the titla to the same 1o tFu said
- MORTGAGEE, its svccessors and ass+gns, forever again~t the lawful claima an~ demands of all persons;
° PROVIDEO, ALWAYS thet if t1~e MORTGAGOR shell pay unto ~he MORTGAGEE the prom:tsory ~ote hereinbefore described ~~d sh~ll truly, promptly
_ end fully per(orm, d~uharge, execute, comptete, comply w~th and ab~de by each and eve~y the ~t~pulations, agreements, condrtions and covenants of s~~d
- prom~asory note and o~ this Malgaye, the~ this Morfgage and the Esrate hereby created shall ceaie ~nd be null and void.
IT IS UNDERSTOOp that the word "Mo~tgsgor" whether in the s~~gular or plur~l anywhere in th~s Nlwtgaye, shall be sinyular if on~ only •nd
sh~ll be p1ur~I jointty and sever~lly if more th~n one, ~nd that the word "their" as uscd anywhere in th~s Mortpayt shall be Nken to me~n "his," "her~,°
_ w"its," wherevrr tlx conte~t so impGcs w admlts. Also, ths~ wherever there is a refe.ence ~n the covenants •nd sg~eements herc~n contained to ~ny o( ~
_ ~he psrties hereto, the sanse thall be consrrued to mean ~f well as the heirs, legd representativei. sutcessort and assigns (either votuntary by act of fi~e #
part~es or imolun+ary by ope+ation of rhe iawT of ehe same and that fhe covenanrs her~~n conr~ined shall bind and the beneF~ts and adv~~tayes iow~
- to the reipectiv~ hsus, leyal representatives, successo~t and asrgns of the parhes hereto. f,
~ And sa~d Mortgsgas, fw ~itrmselvet a{+d the~~ heirs, leyd represematives, fuccessa• and •tsiyn~, hereby ~ointiy end uve~aily covenant and ~grK
- to and with the taid MORTGAGEE, irs s~cce:sws and ass;qns:
_ 1. To pay tll and tingu~ar the prinupa! and interdt and tht vanous ind sundry sums of money payable by virtue of said prom~sswy note, •nd this
: mortfl~yt, e~ch •nd every, promptly on the days respetlively iFK aame aeverally becomt due.
` 2. To p~y all and iinguf~r the taxes, assessme~ts, lev~e~, liabil~t~es, obM~gations ~nd ~~+cumbrances of every narure ~nd kind now on said dewibed
property, o~ th~t here~fter may be ;mposed, tuffe~ed, ptaced, tevied, w•uesied ther~on, p rhat here~fter may bs lev~ed a ~ssessed upw~ th» Mwtg
_ +yt, w the indebfedness secured F~ereby, eath ~~d every, when due and payable, accord~ny to law, befwe they become delinquent, and befw~ •ny intereii
attaches o~ any penalty is incurred; AND IN$pFAR AS ANY THEREOF IS Of RECORD TME SAME SHAII BE PROMPTLY SAtISftED AVD DtSCNARGfD Of
RECORD AND THf ORIGlNAt OFGICIAI DOCUMFNT {SUCH A5, FOR tNSTAN~E, TNE TAX RECEIPT OR TNE SATISfACT10N PAPER OFFICIALLY ENDORSEO
OR CERTIf1ED) SNAII DE PIACED IN THE MANDS OF SAIp MORTGAGEE WITHIN iEN OAYS NEXI AfiER PAYMENT; and in the evenl ~hat a~y thereof is no~
F++d, sa~ sf~ed a~d discharqed sa d MORiGAGEE may af any hme pey rhe same or any part thereof .v~rhovt wsJv~ng or af(ec~~~+p any opr~on, lien, eq~~ty d
_ ~~qht under w by v~~t~e of this mortgage a~d tht !uil amo~nt of tath and every such payment shalf be ~mmed~a~eiy due and payabie snd sh~ll bear inte~est
~~om the d~te fht~eo[ umil pa:d a~ rau o4 n~ne per cen+um pe~ annum ar+d tofle+~e. a~~ i~~~es~ aha y~y~d by rhe tien o~ M s morQtage.
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