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HomeMy WebLinkAbout2448 . 21 ~.02 ~ 1 ~?W.~~ TNIS INDENTURE. Madt i 29th d+ of - ~'CtO~@! A.D. 19 M c ae R. R~anagan and Judith A. Flanagan, his wife of _ St • Lj~ei@ County Florida, here~naf~et desgnated as the "MORTGAGOR," and FIRST fE~ERAI SAViNGS AND IOAN ASSOCIATlON OF FORT PIERCE, a corpor+t~on org~ni:ed and ex~snng undrr the lews of ihe Un:red Sta~QS of America and hsving its pr~ncipsl placa af 6~s~nes~ in ~M City oi iort Piac~, St. lucro County. Florida, heie+nafrer d~~gnared as the "MORTGAGEE:' WHEREAS tM MORTGAGOR is jusdy iodebted to the MORTGAGEE in the sum of S 16 ~~0!~ 9ood and lawful money b1 the Un ted Sraret advanced by the MORTGAGEE unto the MORTGAGOR, as e~~dencrd by a certa~n prom~ssuy no~e ot e~en date herew~th, of wh:ch the follow~ny in ..o~da ar~d Ggures is a tiue copy, towi~: ~ 3-17, 563 S Z6~000.00 Fort Pier~e, Ftorida, ~tober 29 ~q 71 Fw value received, I, we w either of us, prom~se to pay, withouf defs;caf~on, to rhe order of FIRST fEDER.4l SAVINGS AN~J LOAN ASSOCIATION Of ~ ~:2T PIERCE at Forf Pierce, Florida, the sum o( S- 16`~~~~ with interest fram date at the rate of _~_?o per annum, in monthly inaiall- S ~~=~vs as fot'ows: S 134~~ i$t day of DeCe~Q1 19_ .71 and a Lke sum on the co.respo.~d~ng day o1 each n~+th thero- e•~er until the whole be fulty paid. Each insra~Iment lirst shall be appGed in payment of the interc;t and then on the unpa:d batance of the princ pal wm. If d eult is made in the ,,;ment of a~y installment when due, a~d such default cominues 30 days, then at the oprhn of the ho~der, and wi+hour any oti-.er ~o+~cr, all the remainin9 s~aliments sfiall be due and payable at once. Prnilege is grven to prepay this note in whe~e oi in part at any t~me without pe~wl~y. NeBher foreb~arance, o• acceptance by the ho~de~ thereoi after any default in any payments hr.eon, shall be deemed exrens~on. A late payment charg~ of f-- 6~70 shall be ,_i~ed to each inatatlm¢nt remaini~g unpa~d 7 days afte~ its due date, and a I~ke sum shall ar add~ ~o each wch instailment remaimng unpaid 7 dsys after -.~ch succeed~ng paYmem date. i Each maker, surety and endorser_hereof, joinNy and severally, waivea demand,~presemment protest and no1ice of protest fw ~onpayment, and funher ~;rees to any eatens~o~ of hme of payment, eithe~ before or after matunty, wirhout not~ce to any oi us; a~~d to pay atl costs of collect~on, indud,ng a •:-esonabie attorney s fee in ~he event of any de~auh hereunder, and heroby seve~aily wa~ves a~~ benefit of homestead and e~.rmption under the constitution , d laws of each State of the Unired Stafes, as again~t this oW~gatio~ or any extens~on or ~enewal hereof. Wimess the hand and sesl oF each party. sl Michael R. Flanayan (SEAL) (SEAL) S .Jlld~t}1 A. Flanagan (SEAI) cs~?u i 24 ~ State Revenve ~ - ~ rS+en+ps~tw+edMe~er*-oriq~rwP~A ~ N01h', THEREFORE, the MORTGAGOR for the purpose of securing payment of sa~d sum of S 16t~~ ~nd the performance of the F covenants and agfaemenrs hereinaFter eapresscd, and for divers good and v~lwDle considerahons, by these prosenry, does g~ant, barga~n, se~l, rem~se, 4 •~~'.ease, convey and confirm unto the MORTGAGEE, its succesw:s snd a~?igns, all that certe~n lot, piece w parcel of land, situate, tying, and be~ng in the ~ St l.ucie ~nd State of Fbrida, descr~bed ~s foltows: :ounty of ~ c= r :i I.ots 13 and 14~ kII.LIA~tS SUBDIVISION, as per plat thereof on tile in Plat Book ~ ~ ' 4, Page b0, Public Records of St. Lucie County~ Florida, ~ u ~ ~ R~'.~jYED S-~-~ ~ C IN PAYUf'+.~ OF T~$ E+'!~ ~:V C;,~~S 1.'rTatiGtRlE i'E;;t~YAi f;•~PFk~ P`_'i .:YT TO CILti~'riF :C72~, ACtj l`t i9S2. - i.. ~ Z , ~•!E: ~S lf; Wt (',G.::~ w 5 ~ A~ t= L' l~ T.-X i,~,:rt t~t C`J~;;l tl KM1,?t5'iES, , .~„T~~ ,5 •i v r t:OC.:i•.e,: ,L ~~,e~ ; ia~ Ge~ic.cf~r ~ ~ = NJY3-'71 f= - ° - ~~2400= ' -~n ~ - - ~ v ;~[~i.,,c zc4E~:.t~;,_ ..f~:;"~' C~fi:~. P.~.wo~~z , r~etlxr wirh afl and singula. the tenements. herediraments •nd ippurt~nces therevnto belonyiny w in anywise •ppertaininy thereto. +nd •II r~nts, iuu~s. p•xesds +nd profits accruiny snd to accrue from said premises, all of wh~ch •re ~ncluded in the abov~ •nd for~qoir~g descriprion •nd Mbendum. - TO NAVE AND TO HOID the ~bove descr~bed +nd yramed premises unto th~ said N10RTGAGEE, its successwt ~nd asiigns forever_ A~d tM said 4lORTGAGOR (w --~b~~ helrs, executws. admin+strators snd •is~gns. hcreby covenams with the s~~d MORIGAGEf, i~s successon u+d asaiqns, fhat s~y-~---- lawiully uaed of the sa~d p~cm~ses in fe~ •implr, thar the sart~e are free, c~e~r snd discharged from a!I liens and Mtum~ - b.ances ~~w w in equiry, and that they ,,,,;i~ Lh~~I _ he~~s shall w~rram and defcnd ~he tiNe to tM sa+n~ to tt» said MORTGAGEE, its s~ccessws •nd su~9ns, fwever against the tawful claims and dcma~ds of sll persons; PROVIDED, ALWAYS thal if the MORSGAGOR shall p~y umo the MORTGAGEE th~ promisawy no~e here~nbefo« drxr~bed ~nd shai{ truly, ptompNy end ful(y pe~form, d~uM.pe, exec~u, canp~e~e, comp~y w~rh and +btde Isy exh •nd every the ~iipula++ons, ~greerrKn!s, cond~tions and covensnts of u~d - prom,~swy note +nd of thi• Mortgsqe, rhen this Moriy~y~ and the Est~te hcr~by created shall cease and be ~ull and vo~d. IT IS UNDERSTO00 tMt the word "Mwtya9a" whether in the sinyular a plural •nywher~ in th~s Mwtg~ye, th~ll be singular if on+ only and - ~h~tl be plvr~l jointly and teverally if mor~ than one. ~nd thal the word "their" used anywlxre in ?his Mort9a~t sF+~l~ be taken to me~n "Ais•• ••Mrs,.. or "its," wherever the co~text w implies o~ admits. Also, tFut whcrever there is • reference in the co~enants +nd sgreeme~~s herein contai~ed to any of ihe pa.ties hereto, the ume stult be construed to mean as well as the hei~s, legal repreunt~tivef, svcceisaa and assigns (ei~her voiunr~ry by act of fhe - parties or invoiunfuy by ope~etion of the Iaw) of the ti~+e and tha~ ~he covenant• hercin conta~ned shall bind and the benef~ts and ~dwntayes inurt - ro the respec~~ve helrs, Isq+l represenuhves, •ucceswrs •nd +~rqns of fhe pan,~s hereto. And s~id Mwtgagors, fo• themselves and their heirs, ley+l repreuntatives, wccessas as~iyn~. hereby ~o~mty and severally covenaM •nd ~gree fo artd wirh the said MORTGAGEi, 1ts sccceaiora and sssigns: 1. To pay •II ~nd •;rqular th~ princip~l and ~nferes~ and the wr;ous and s~ndr~ s~m~ of money psyable by vhrue of ia~d p.om~s~ory note. snd rhi• morty~ge. each •nd every, prompNy on ~he days respect~vely fhe same severally becane due. ' Z. To pay all and •in9vlar the ta~es, •sussmenq, levies, Iiab~Gt~es, oEiigaKons and encumbr~nce~ of every nature and kind rww on said desctibed ' ~ - property, o~ that henaher msy be imposed, suffered, placed, levied, o? assessed thereon, w that hereafter may be levied p issesstd vpor? this Mort9- p _ ay~, w tM ~ndebredncss secured hereby, e~cA and tv~ry, when dw ~nd p~yabte, ~ccordiny to law, before they becom~ de~~nquent, ~nd b~fw~ ~ny int~re~~ ~ = a+taches w~ny penaity ~s incv~red; ANp INSOfAR AS ANY THEREOf IS OF RKORO iME SAME SHAtI BE PROMPTtY SATISFIED AYD U~SCMARGED OF RECORO AND THE ORIG~NAL OFF1CIAl DOCUMENT ISUGH A5, FOR IIVSTANCE, THE TAX RECEIPT aR THE SAi1SFACiION VAPER OffICIAttY ENDORSEa - CR CERIIFIED) SHAII OE PlACEO IN THE HANOS OF SAID MORTGAGEE WITNIN TEN DAYS NEX! AFTER ~AVMENI; and m the event that any thereof is not pa~d, sat sf~ed snd dischsrged sa d MORTGAGEE may ar any t~me p~y the same w any p+rt thereo~ w~~hovt waw~ng o~ afiechng a~y opt~o~, lien. eq~rty w naM ~~der or by v~~tue of th~s ~*wr+gege and the futl amo~nt of eac~ and every tuch payme~+ shal~ be ~m.med~areir d~e and payable •nd shall bear interes~ ' ~.om rhe d~te the~eof ~ntil pa;d ar raec o( n~ne per cenrum per •n a`~ er w~th t esr shali bt sew~ed br the ~~cn of th s mo~flts9e. ~"T~K l~~ ~ =3