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TH~S INDENTURE, Made the 29th d~y af • Octdber ` q,p_ ~q 71
- between
Wayne Construction Company, A Florida Corpozation
of St. L.ucie ~p~nfy florida, hereinafter desg~ared aa the "MORTGAGOR," and FIRST fEDER~ SAVINGS AN~ IOAN
ASSOCIATION OF FORT PIERCE, + corpwation oryanized and existiny un~er ~he lawt of the United Statoi of America and hev'~np iti prin<ipal placs of
but~neu in ~he Ciry of Fwt Pierc~, St. luci~ County, Florida, herainafter de?ignated es tM "MORTGAGEE."
WHERFAS the MORTGAGOR is jv~tly it+dehted to the MORTGAGEE in the sum of S~~Q-Qi~-- 9ood and lawFul money Lf the Un'ted
S~ate~ adwnced by ths MORTGAGEE ~nto the MORIGAGOR, as ev~dencrd by a ceria~n prom~ssory note of even dete here~rr~tH, of wt~~th tne foilow~ny in
..o~d~ and fiflures is a true copy, to-wit:
s_ 20,700.JO ~3-17~..560
Fort P~erce, Flwida, ~tober 29~ tq_~
for vaive ~eceived, 1, we or tither oi us, promise to pay, without defalcat~on, to the orde~ of iIRST FE~ERAL SAVINGS ANO LOAN ASSOCIAiION OF
: JRT PIERCE at Fort P~erce, Florida, the sum oi j_20~7~•~ w~th interest from date at the ~ate of pe? annum, in monthly install-
•~ems as fol:ows: Z 17O on the 15t day of Febri18 ry_ 19_72 and a I~ke sum en the correspond~np day of ea<h mooth there-
jcrer until the whOlt be fully paid.
Each ~nsratlment t~rst shall be appl~ed in payment of the inrerest and ~hen on rhe unpa~d balance of the princ:pal sum. If d ault is made in the
,,ment of any installment when due, and such defauh continues 30 days, then at the opnon of the ho~der, and w~+hout any other not~ce, all the remaining
~ ':s~allments shail be due and payable at onca Privilege is g~ven to prepay this note in whole or in part at any f~me w~~hout penalty. Neither forebearance, !
` ~•o. atteptance by the holde~ thereof afte~ any default in any payments hereon, shall be deemed eatens~en. A la~e payment charge of S8~5O--. shall be ~
~~ed ro ctch installmtnt remaining unpa~d 7 days after its due date, and s Gke sum shail be addzd 1o each such instal~mrnt remaining unpaid 7 days after {
ea:h svcceeding payment date. ~
Eech maker, wro~y and endorser hereof, joindy and severally, warves demand, presemment pretest an~ no!ice of protest for nonpayment, and further €
-;rees to any extens~o~ of nme of payment, eithe. before or after mawn~y, witho~t not;ce ~o any of us; a:~d to pay all costs of co!lecrion, irtdud:ng a +
±scnjble atror~ey s fee in the rvznt of any drfa~(t hereunder, and hereby severaily waives all benrfit of homesread and exemption under the constitulion }
i!aws of each State of the United States, as aga~nst this obi~gation w any extens~on or renevr~l_h~~os~~RIICTION C~iPAIVY
wAYrlh
Witness the hand and sesl of each party.
~
~ gy; g~rnp 7 Sinpci _Tr, ~ PzPSi c3pn~At)
; , Corporate Seal Affixed • csE~u '
. Attestts~Patr~cia A_ S~ay~jp,r-z~tan~.-(SEAI)
; Trpasnre
_ ~EAU
_~~~a 0~-~ State Revenue ~
~
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2 NOW, THEREfORE, the MORTGAGOR fw the purpost of securing p~yment.of sa~d s~m of 520~70~•~ snd the performerxe of th~ ~
i corpn~~q +nd agrermems hereinafter exp~essed, and for d~vers good and wlwbf~ coniederations, by these p~esents, does grant, baryain, ielt, rem~se,
- ~e~ease, convey and confirm unto the MORTGAGEE, its ~ucceswrs and •ss~gns, all that certain lot, piece or parcel of land, ~ituate, lying, and being in the
s : ounty of $t le •nd Stste of Fbr;da, dew~bed as fo.!ews:
:
i
- ~
Lot 3 of D. D. A. Subdivision as recorded in Plat Book 1S~ page 23 of the Public ~
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pecords of St. Lucie County, F2oric+.a, ~
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together witfi •11 and t~ngular the tenemenif, hcred~tsmenb •nd sppvrt~nces thcreunto belonglny o~ i~ ~nywise appertaining thereto, ar?d •It r~nis, issuts, '
P~oceeds snd prof~ti ~ccruing and to accrue trom said premius, all of wh~ch are included in the above •nd foreqoinq description and Fubendum.
TO HAVE AND T~ HOID rhe abow d~scr~bed •nd gnntcd p~em~ses umo th~ s~id MORTGAGEE, its successon ~nd sssigr~s 4orever. And th~ said
_ ~10RTGA~'.OR fw --lt 5------ heirs, eiecutor~, administrator~ and ass~gns, hereby covenants with the s~id MORTGAGEE, its ~uccessan •nd ~uipru,
- rhat --1t-1$----- tawfully ui:ed of the sa~d premitt~ in fee simple; that t?w sam~ •re fret, dear and dixMrged from ~11 lien~ u+d ~ncw~+~
- p.~nces ~n law or in equity, and th~t lt 11,;~~ 1 t 5 he;rs shsll warrant u~d dsFend the title to the ~arM ?o tht sa6d
~ MORiGAGEE. its successo~s ~nd •ssgns, fo~ever against th~ tawfut claims and dem~nds of all personf;
- PROVIDED, AIWAYS rhat if the MORTGAGOR shall pay unfo the MORTGAGEE the promiisory nofe hereinbefw~ dex~~bed and sh~ll truly, p~omptly e
_ and fuily pe~form, d~uharg~, execute, complere, comply wnh and eb~de by each and every the sr~p,lation~, ~greerrKnts, cond+~rom •nd covenaros of s~d ~
°
' vrom,ssory note and of this Mwtyaye, then this Mwtgag~ +nd the Estate hereby created th~ll ceau and b~ null •nd void. '
,
IT !5 UNDERSTO00 tMt the word "Mortyayw' whctiur in ~he s~~+gular o? plural ~nyvvF»re in th~s INatgage, shall be sinyula if or» only and i
= ~hall be p~vr~l jointly snd ~evcrally if mwt th~n oru, and that the w«d "their" as used •nywhere in th~s Mortype •hatl be t~ken to mean "hii;' "txn;' ~
_ or 'tits," wherever the conte~t ~o ~mplies or admiti. Aiw, Ihat wherever there it ~ ref~rerxe io tFu covenarh and ~yreement~ herein cont~ined to ~ny of ~
- rhe pa.tie~ hsreto, the same thall b~ corutr~ed ro mean as well the heirf, ley~l rtp~esentativef, succeisas and ~s~iynt (either volunury by att of th~
= parties or invol~nt~ry by ope~~tion oi the I~w) of the same u+d tt,ar ~he cove~ams herein cant~ined shall bind and the tx~efrs •nd sdwntp~a inv~t ~
~ ~o tht r~speqivt hc~rs, leyai repreuntar~ves, succeswrs and as~ gns of rhe parrfes herero.
And •~id Nb«qayors. fa themselves and ~heir heira, leyal rep.esen»tives. successo.a and •ssig~s, hereby pinNy and a~veral~y covena~t •nd syr~e =
ro and wirh the ~aid MORTGAGEE, its iuccesson ~nd ~ssiqns: t
' 1. To pay all and sirgular th~ prinupal and i~terest ~nd the wr:o~f •nd sundry tum~ of money pr~abls by vfrtua of ~aid promissory nott, •nd thi~ '
- mo.tpay~, each •nd w~ry, promptiy o~ ~he days respec+~vely th~ iame sewralty become dus.
2. ?o pay all •nd ~:ngvlu r1,~ t~~ees. ~ssessmenh, levies, GabiGrits. ob~iy~tions and encumb~ncn of ev~ry na~ure •nd kind now on sa~ d~scribed
- p~openy, or that here~fter may be ~mposed, suffued, plKed, tev~ed, w•ueued thereon, w that hereafter m~y be lened ~ assessed vpon tha AAwp-
- a9~, p th~ ind~btednesi setu~ed hereby, each ~nd eve?y, when due •nd p~y~b.e, xcwdiny to I~w, before tF+e~ beca?w d~lir?queM, and befort ~ny inf~~est
aneches or any pen+~ty n~nc~ved; ANU IN54~AR AS AN~ TNEREOf IS OF RKORO iHE SAME SNAtI BE PROMPTLY SATISf1E0 AND OISCHARGED OF
' RECORD AND THE ORIGttvAl Off~C1Al DOCUMENT ~SUCH AS, FOR INSTANCE, iHE 'AX RECEIPi OR THE SATI$FACTION PAVER OFFICIAtLY ENDORSEU
- OR CERTIflED) SHAII SE VIACED lid THE MANUS OF SA10 MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; and in the evenf that •ny thereof if not
pa~d. sar ihed and dncharged ss d MORTGAGEE may at any t~me pay the seme or any part rhereo~ w~Hw~t ws~v~nq or affectmq any opti~, Ren, eqwty w
•~ahr ~nder or by vn~;x of th~s mo+tgege and the ~u~~ amovnt of cach and every wch payment sh~lt be ~mmed~afely dve and pay~ble and ~hall bear ~meresf
- ~rom ~he d~re the.eof until p~~d a+ ra~e o} n~ne pe~ cenr~m pcr annum •nd t~~he ~ch ~me. st shall be ucvred by the Gen of th s morytaye.
- E~a? ~f~i ~612 .