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TNIS INOENTURE, Nl~d~ the 20t h d~y of Sept e~'~Y A.D. 19 71 betwren
Wendell P. Drake and Leona Drake. his wife
~
of St. Lucie ~~ny Flwida. F+~roioafia despns~cd •i ths °MORTGAGOR," fIRST FEDERAI SAVINGS A~:D 104N
ASSOCIATION OF FORT PIERCE, a corpontan wpanized and e:istin~ un3a the laws of ~n~ Un~ted S+ai~s of Am~riu •nd` havin~ irs ptinupa~ Pl~c~ of
bus~~eu in tM City of fwt Piac., St. Lucie Cou~ty, florida, hereinaher dcsi9natcd +s tFw "MORiGAGfE"
17 ~ 8~ •nd lawful mone of the U~:ted i
WHEREAS the N1pRTGAGOR is justly indebted fo the MORTGAGEE in the ium of s good Y
Sfstes advanced by the MORTGAGEE unto ths MORTGAGOR. as e~idenced by a cena~n prom~asory no!e of even da~e hc~ew~~h, of wh~ch rhe fo:!ow~~y in ~
words •nd fipurei i~ • true copy. to-wit: I
s l~,a~.~ ~ 3-17,421
Fort Peerce. Flwida. ~t~er Z~~ 19 71
~ For value received, 1, we o~ eitf+er of us, promise to pay, without defalcar~on, to the ordcr of fIRST FEDERAI SAVINGS AND IOAN ASSOCIAT10~1 OF
_ FORT PIERGE at Foh Pierce, Florida, the sum of i17 ~8~•~ ~~th interest from date aT ihe rate of7!7S o per annum, ~n montAly ins~ail-
~ ~~n.. fouo,~s: i 135•~ ~ t~ lst~~y of February ~q72 a IiAe sum on the corrcspond~ng day of cach month thcre-
t after until the whok be fvlly paid.
~ Each installment first shall be ~pp~~ed in payment of the interest and rhen on ?he unpa~d ba:snce of the pr~nc pal sum. If d aull is made i~ 1he '
~ - ~
payment of any installment whcn due, and such defa~h continues 30 days, then at the optio~ of the hoidcr, and w~iho~t any other not~te, all tl+e ~ema~n~ng
inatsllrt+epts shall be due and payable at once. Privilege is g~ven to prepay this note in whoie or m part at any t~me w~thout penalty. Neither forebearance, ~
nor ?Rep4ance by the holdei the?eof after any default in any payments Ixreon, shall be deemed extens~on. A late payment char9e of S6•7S sha~~ be
~+--=-.~at!l~e~1e~lefr tnttatlmenl remaininy unpa~d 7 d~ys aiter iri due dats, arb • 1~?e sum shaU tk addrd to each such ins4ilme~t romain~ng ~~P.~d ~ d•ys .hec
w~. 1,No1? wpMe~y~p p~ymn+t dste.
~j; : Z ~EQhyrrqiclc„ lyrory and endorsc~ hereof, jointly end uvcrally, waives demand, p~esentmeM protest and notice of protesf for nonpayrtant, snd fu~ther
a a~~s~~.~ny ~Y}int~* pf time of payment, either beiore w after matur:ty, wirhout not~ce to any of ua; and to pay all cosrs of collectio~, irxtud:np a.
r ' aQp~~slFa+e in the'event of any default fiereunder, and hereby sevcraily waives af! benefit of homes!ead and eaemption uodet tF~ cOnst~Nrt~on
~::l ~al~ dF~h`St~! 04 t!x United States, as agsinst this ob~igation or ~e~r eztension or renewal hereof. ~
~ 4c ~~~N+d~~nd ~e~tco~,acfi party. v '
~ . . . ~ . Drake . ,
_ . ~ . s/Wendell P _
. . . -i _c y_ ~ ~'J11st/~ft1 .~`:•-I~.- -r~
~ ~ •
~ , ~ ~ ~ ~ ' , ~ ~ ` s/L a Drake
~ , _ ~ ~ , u ; ~ ~ ~ ; ~ .
.~i~~ ~ ~ ~ o, -
' ~ . b s..+. a~~~ ` x
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8 ~ z:
HiREFORE, the MORTGAGOR fw the purpose of secvrin9 paymem of s+~d sum of S 17 + 8~ u+d the Perfo~q
~~5 r`.
, P ~~qnernenri her~inafter ezpreucd. ~nd iw d~vers good and valwbk consideranons, by theu presents, does gram, barp~ie~, p~;••••~
'~nA confirm unto the MORTGAGEE, iri ~ucceuws ~nd +say~a, atl that cerTain lot, piece or pucel of land, situa~e, lyin9, and
~ ~ $t • T.i1Cle and State of Florids, described ss fotbws:
~ 911 !i~-~;,' }
3~ '
~ Lot 10, Block 395, POF? ST. LUCIE, SEGTION 6, as per plat thereof on file in
i ~
~ Plat Book 12, page 36, of the Public Pecords of St. Lucie County, Rlorida,
;
~ RECflNED S~S~- ~N PA`,~MEHT OF TAXLQ
~ D'JE Oh CU1SS 'C INTAN~EBLE PE^Sf'd4l P~OPERjY,
~ PU:'.S:.AKT i0 CW1PT :R 2a724, ACTS OF 19d1.
~ F~JG~R PGI; r,as, c~t:t~ c;«~n co~~t
as 14~er.t for C~Nlrl N. KNO~YLES, 1R ~
~ r~ i-' ~ t.:~ St lucie Cour:ty Tax Collector t
~ c ~_t=- " ; , _ ; ~ . _ _
~ ~ ` . - _ gy ~~r< ~~rt -
t ~ Z k~yV3~'711 ' _ 7!~ _ DEPUiY CIFRK
is O _ f:'~`~~r•~ ~ • _ ~ •
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ti ~ i't"r:.~ C.t'ii4. =
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rogether with sU ~nd singular ti~e tenements, hereditaments ~nd spp~rtances therevnto betorg~np a in anywise +ppe?tainirg thereM, and •1~ rtnb, iuva,
proceeds ~nd profin acauing ~nd to ~cc?ue from s~id premises, ~II of which are included in the ~bove and forepoinp de~cripYan ~nd h~be~dum. ~
TO HAVE AND TQ HQID the above described and yranted premises unto the ~aid MORTGAGEE, in suaesson a~d auiyns fwever. And tM t~id i
MORTGA g{p thelY ~~n ex«uton, administr~tors and •uigns, hereby cove~+nri with the ssid MORTGAGEE, ih sucussors ~nd +ssipna. ~
3i t~ey a re ~
fnat - I~wfully sei:ed of the taid premises in fee simplr, tMt the same sre free, cksr ~~d dixhsr~ed from all liero and ~ncwo- t
b~antes i~ I~w w in equity, and tMt they will and their hein shail warr~nt ~nd defend the titk to the ~arn~ to the said ~
_ MORTGAGEE, in succeasas ~nd aaiyro, forever ~paintt the I+wful claimt and demands of all persons; ~
~ PROVIDED, ALWAYS th~t if tbe MORTGAGOR sh+ll pay umo the MORTGAGEE the promiasory note hereinbefoee described ~nd thall trulY. Wa^Pt~Y i
and fulty perform, dischar9e, execute, compkle, comply with and +b~de by e~ch and every the stiputations. ~yreert~enri, conditiom and covenants of uid ~
promissory noq ~nd of this Mortyage, then this MortyaQe and the Estate hereby ueated shall ce~se snd be nvlt and wid• ~
- IT IS UNDERSTOOD that tFx word "Mwtysyor" whether in the s~nguisr w plural anywhere in th~s Mwty~Qe, aha17 be singul~r if one only ~nd
- shall be plural joimlY and ~everally if more th~n one. ~nd that the wwd "t hei~" as used anywhere in this Mortpape shall be t~ke~ to mean ..his; ,•'hen; • ~
- or "iri;' whnever the tontext so implies or +dmin. Also, that whcrevr thcre is a refertnce in the covenanri and aprecments herei~ contained to ~ny of ~
ihe parties hereto, the same sh~ll be construed to mea~ ~s well u the he~rs, teyal rep~esentatives, successas ~nd assgro (either voium+ry by act of t!r ~
- parties or inwlunt~ry by operation of the law) of the same and tMt the covenants here~n conuined shall bind and the be~efiq ~nd adwM~ye~ inw~
ro the respective hein. Isyd represemstives, successors ~nd ~u~9rn of the parties hercto.
- Md said Monys~on, iw themselves and their hein, leyal rt~etentstives, succestort and ~ss~y~», hereby jointly •nd severally covenaM ~nd pr~e
ro and with the said MOR7vAGEE, its succe»ors ~nd assigns: .
1. To pay •II .~d s~~y~~,. ttK p.~~+up+i ar+d lnterest and the wrious and s•_ndry sums of money pay~ble by virtue of iaid prom~ssory note, +nd this
mortyaye, each and every, promptly o~ ti+t days respestiv~iy the aame uverally become dve.
~ 2. To p+y •II a~d sin~vlar the taxes. ~ssessmenb, kries, li~bilit~es, oWigstions a~d encwnb~ncet of every n~tu?e •nd kind now on s+id desvibed
- proptrty, w that hereafter msy be imposed, svffe~ed. Placed, kvied. a~uessed thereon, a thaf hcresher may be levi~d a a~sessed upon thia Mort¢
epe, o? the indebtedness secured hereby. ~ach ~nd every, when due and payabk, accwd"v+y to law, before they become detirp~ent, ~nd b~fo~e ~ny intaest
a~teches or any pendty is incurred; AND INSOFAR AS AN~ THEREOF IS OF RKORO THE SAME SMALL 8E PROAMTLY SATt5F1ED AND DISCNARGE~ OF
RECORD AND THE ORIGtNAI OFFICIAI DOCUMENT (SUCH AS. FOR tNSTANCE, TNE TAX RECEIPi OR THE SATISFACTION PAPER OfflCUllV ENDORSED
OR CERTIfIED) SHALL 6E PLACED ~N TME HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evem that ~ny thereof is not
pa~d, sat sfied and dixh~rged sa;d MORTGAGEE may at any t~me p~y tht s~me o~ ~~y part tbereof withovt w+iving w aff~cting a~y option, lien, equity a
"~x •~pht under o? by virtue of this mo*tyage and the fu~l amount of each •nd every such p~yment th~ll be immed~ately due a~d p+yabk and iMII be+r iMe~cst
~•om the date t?Kreof uNil paid ~t rate o} mne per centum per •nnum •nd t Nht~ w~tfi sut~ry~rp~~hall be secvred by the iien of th:s morqtye.
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