HomeMy WebLinkAbout0552 218929
THIS INDENTURE. M,d. ~?k i't h d.Y of Novembe r A.D. 19 7 1 ~?W~~
Frank U, Milburn anci t3eulah F. Alilburn, his wife
of St . Luc i e ~p~nry fiwida, heraina(ta dctgnated as the "MORTGAGOR," and FtRST fE~ERAI SAVINGS AND LOAN
ASSOCIATION OF FORT PIERGE, a corpwat~on ayanized +nd ea~i~inp u~dm the I~ws of ths Unitet~ Sta~Qi of America and hav~np iq principal pl~cs of
bus~rnu in tM City of fwt Parc~, St. lucie County, Florida, Mrein~fte~ dei~yna~ed ss tM "MORTGAGEE." ~
WHEREAS tM MORTGAGOR is ju~tly indsbtsd to tM MORTGAGEE i~ the sum of S 11 ~ 2~n' n~% ~ 9ood ~nd lawful ma,ey oi the Un[tcd
Srates adwncad by ths MORTGAGEE unto the MORTGAGOR, as evidrnced by a certain promissory note of evert date herewirh, of wh~ch the foilowing in
.~o~ds and Fi9ures i1 a trus copy, towit:
s I1 ~2nn.n~~ 3-17,b35
Fort Pierc~, Fio.~. Novembe r 1 S i9~Z i
fa vaiue received, I, we w either of us, promix to pay, without defalca~~on. to +he order of FIRST FEDER.iI SAYINGS AhD IOAN ASSOtIATION OF +
FORT PIERCE at Fort Pierce, Florida, the sum of = 1 1 i2nn • n~~ _ weth ~nferest from da:e at the rete o~ °o per annum, i~ monthty insta~l- ~
-~ents as fol!ows: S~-~~- o~ the 1~
t day of ~~nuar~ ~9- ?2 and a like sum on the correspond~ng day of each mor:th the~e-
•!rer unlil the whole be (u~ty pa~d.
Each installment first shall be appl~ed in payment of the in?erest and thcn on the unpa~d balance of the princ~pal sum. If d au~t is msde in 1he
F a,~nent of any instatlment when due, ar+d such default continves 30 days, then at the option af the ho±~er, snd withou~ any athcr not~ce, all the ~emain~nq
~~srallments shall be due and payable at once. Privilege is g~ven to prepay this note in whole or in part at any t~r.x wnhout pcna~ty. Neithe~ iwebearance,
nor acceptance by the holder thereof aftcr any default in any paymenrs hereon, shall be deemed extension. A late payment charge of 5-4-,-~• sha11 be
ad~ed to each instaNment rer.~ai~ing unpaid 7 days after ib dw date, and a like sum shell be addrd to each s~ch instailment ~emsining unpaid 7 d+ys ~fter
each succsediny payment data t
E~ch maker, surety and endorxr he~eof, jointly and severalty, wa~ves demand, presenrmenr proeest and no+~ce of protest fo~ nonpayment, and fuhhe~ }
ay~ees to any extension of time of payment, eirlur before w after maturity, without not~ce to any of us; and to pay afl coats of collection, includ:nfl • •
rresonable attorney's fee in tM event of any defau:t I+ereunder, and hereby aeVerotly wa~ves a~l benef]t of homestead a~d exzmpeion under the co~stiwtew~ ~
s:~d lawa of eech State of 1he U~ited Statrs, as agam~t this obGgaGon w any extens~on a renewal F.ereof. ~
Wirness the hand and ieal of each party.
Frar~k ll Mi lburn ~~U
(SEAI) '
/s/ Beulah h . A1i lburn ~~,i~ ~
cs~?U
16 . f3(1 ~ sr.» ReYer+„e
i5*amps cu~ceiled on wiyinal rtott)
NO1N, TNEREFORE, the MORTGAGOR fw the purpose of secur~ng payment of sa~d sum of ~ 1 L~~~~ and fhe perfwrrwnce of th~ ~
covenants and apreemenq he?~inafte~ eaprosaed, and fw d~ven pood ar+d wlwblt co~s~derononf, by these presenrs. does g~ant, barya~n, self, remise,
re ease, convey and confirm ur~ro tM MORTGAGEE, iri ~uccesso+s and assigns, all fM~ cerr~in bt, p~ece a parcel of Isnd, sitwte, lying, and beinp in the
:ounty of St . Luc~e ~nd Sute of Flaida, dew~bed •s follows:
~
Beginnin~ 47(~ feet North anu 2In feet West ~f i
SE corner of NE of SlJ run 21c) feet West ,
thence l`iorth 7O feet, East 21n feet, South 7c~
! feet to point of beginnina; being in Se~t ian
i n, Townsh i p 35 Sout h, Rar~e 4n Ea st , St . Luc ie
~ County, Florida,~
~
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F ~RS:.ANi TO IMTAHGrBiE ~~M~M~~TA@
~ p R 1 U A wwr.e 2~~r. ~.c ~
T~ oF F L p 1 A X R~R POIiP ~ t94l.
t ~ Y e`j'~ ~~7Ap., SSANS__~ Cietlt Grcuit Ccurt
DOC ~ _ ~~er?t fot DA1rIEt N. KfyOWIES, JR
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~ ~ogerhK with all and senqvl~r tF+~ t~nsm~nts. M+~d~tamentt a+d appurt~~cea thereunto b~brgirg or i~ anywis~ appert~:niny th~?tro. ~nd all r~ntf, iuws,
o•oc~eds and proi~ts scav~np and to ~ccrw from said premises. ~11 of wh~d+ are iricluded io the abov~ +nd fore9oinp dssaiption ~nd Mbendum.
TO HAVE AND TO HOI~ th~ ~bove d~scr~b~d and yr~nred pemises unro rhe s~id JMORTGAGEE, i~s successas and assgna fo.evN. And the s~W
~ their _
MQRTGAGOR for -~+e~rs, ~~ecuton, ~dmini~trafws and assqna, F+ereby covenants with the s~id MORTGAGEf, its wccesson ~nd assipn,
t he ~ a re
r~ !hse bwfuliy sc~:ed of the iaid preml~t+ in f~e simpl~; tMt tl+~ same ~r• fre~. dear and d~acMr9ed from ~II li~ru and Mcvm~
=y ~~ancn in law o? in eqviry, and that t hp1' will ~nd ~e 1 r heirs ?hall w~.ranr and dffend ~h~ titk ro tM umi to th~ wid
= 41JRTGAGEE, i?s succeaso~s u~d auyrn, facver ay~inst the Iawful ctaims and demands o( •II persons:
PROVIDED, A1WAY3 that if tFw MpRTGAGOR aMll pay unto tM MORTCsAGEE tht promissory not~ hsreinbe~we dew~bed u+d shall truly, prompllY
= •nd fvily pKfam, d~scMrp~. e:ean~. compkte, comply with and ~b~de by exh ~~d ~very the stipul~tio~s. ~yrerm~nri. cond~tia+s ~nd cw~nams of ~ad
- prpm~sqry not~ and of this Nlwtyaye, th~n this Mortyy~ +nd the Estste her~b~ ueatd ~hali cease and be nu~l •od vo~d.
'<< 1T 1S UNOERSTOpp that tM wwd "Mwtya9or" whether i~ tle~ i~nqulu or plural ~nywMre in th~s Mortyape. sha8 be sinqulu if on~ or.ly ~nd
shall b~ plural join~ly ~nd Nv~.sif~ if more tMn a». ~nd that tM wo~d "'the~r" as wed ~nywh~~e in thb Mwtype shall b~ t~ken to rn~u+ is; n; .
- w"ifs;' wherwa tlk conteat w impli~s a admin. Abo, thst wherever thers is • reference in rhe corenanrs ~nd ~g~ee~nenl~ FK+~sn com+mw ~o ~nY oi
r?,e parties h~reto, thr iame aMll be conarrued w rrKan ~s w~ll ~s the he~rs. I~yal r~pres~nt~t~vea, successors and au~Q~s (~ither voluntary by ~ct of th~
; par~ies p inwiuntary by ope~~tar. of ~hs I~w) o/ tFK same and tha~ the covcnants h~rein contained shsll bind ~nd the benef~tr~~d ~dv~ntp~s inw~
ro th~ r~~p~ctire M'us, Ipal represent~tives, successors and au'qm of the p+rt~es her~to.
- Md s~id Mo?rya9ws. fo. themielres ~nd their hs~rs, le~l represent~rives, succ~ssor~ r+d sisigns, hereby jantly ~nd s~ve+a{ly covensnt ~~d p~e~
~o and with tF+~ said MORTGAGEE. in u,cc~ssors ~nd s~sgm:
1. To pay ~11 and sinqular thc princ~p~l and interest ~nd tM rarwus a~d sundry svms of money payabl~ by vir?u~ of said prom~~wry nW~, and this :
mortpay~, tach •nd evKy, promptly on fhe d~yt respedivel~ tM aame ser~r~lly becw~++~ due. '
- 2. To pay •II ~nd u~yu;a~ tl+e t~aes. ass~sune~n. I~vies. Iiebilii~es, obl~yarian and ~ncumbr~nces of wery r+atun +nd kind now o~ t~id dtsciiMd
orop~rty. w that h~reaft~r m~y b~ bnpos~d, wffa~d, pl~c~d, levied, w~ttessed thereoo, or tMt here~lter may b~ lev~ad a atusNd ~pon thia Mort¢
a9s, a rM indebtsdneu stcured ha~by, tuh a~d wery. whN+ dw and payable. xcadirq to law, befwe thcy becom~ d~l~nquent, ~nd bafa~ ~ny i+?tK~s~
arr~ches w•ny pena~ty i~ i~cwred; AND lNSOfAR AS ANY THEREOf IS OF RKORD 1NE SAME SNALL SE PROMVTLY SATiSFtEO AN~ DISCHARGf~ Of
RECORO ANO THE ORIGINAI OFFICiAt OOCUMENT {SUCM AS, FOR IIV5IANGE, iHE TAX RECEIPT OR iHE SAI~SFACTION PAPER OfiICIAIIY ENOORSED
OR CERTIFIEO) SNAII 6E PIACED IN THE HANDS OF SA~D MORTGAGfE WITHIN TEN DAYS NEX) AFIER PAYMENT; ar+d ~n the ewnt tMt ~ny thereof a not
us~d, s~? ~f~ed •nd d:scharqed sa d MORTGAGEE m~y ar any hme paY the ~ame a any part the.eof w~thovt wtiviny o. affec+~~y •n~ opt~on, lien, equity a
~~~ht unde~ or by v~rtue of rhii m.ortqsye and +he f~~t amo,;~r o4 each and every such payment shalf be immcd~arely due •nd paY+ble and ~ha~l bes~ i~tere~~
~•em the dere rhereot untii pa~d at rate of mne pe. centvm per •nnum and toge~~e~ uc~ ~+r sh~ll by the I~e~ oi th.s morytspt.
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