The URL can be used to link to this page

Home My WebLink About2256 . TMIS INDENTURE. N4d~ the Sth day of ~o~?ember A.D. 19 71 betxeen Peter 8. Gay and Laura A. G~y, his wife • .--~v:c-~ af $t . LIiC ie Couny fipid~, hereinaf~N designa~ed ai tht "MORiGAGOR," and fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE. + ccrpw+rion wganizcd and ex~srinp undcr tM Isws of ths' U~~~ed States oi Amer~u a~d Mvirg in principal place of busin~u in tl+e City of Fw~ Piac~, St. lucie County. Florida, IIlI~iMf1N de:pnated si ~M "MORiGAGEE:' WK~?EAS th~ MORTGAGOR is ju~tly indebted ro tt+~ MORTGAGEE in the sum of s 16.~0.~ good and lawful mooey of the Un:ted ~ S•ates advanced by tht MORiGAGEE unto ths MORTGAGOR, as evidenced by + tertam promissory note of even date he~ew~th, of wh~ch the fol;ow~ng in ~ ~o~ds ~~d fiyures is ~ trw copy, to-wir: = ~3-17 593 ` 16.OOO.QO ~ P~Ce, ~i~~dt, November 5, ~ 197~ Fw value received, 1, we or either of us, prom~se to pay, wirhout defalcation, to ~he order of fIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF fpRT PIERCE at Fort Pierce, Florida. fhe sum of ~ 16~~~•~~ w,th interest from date at the rate of -~'_?'osper annum, in monthly i~statl- ~enra as fol!ows: = 19'~ on the 1 St day of Apr i 1 ~9 72 and a Gks sum on the cor~espond~ng day of each month there- ~ a~ttr until the whote be fully paid. Eacl+ instatlment fint shall be applied in payment of the interest and then on the unpaid balance of the pr~nc~pal sum. If d autt is made in the ~ayment of any installment when due, and such default continues 30 days, thrn at the opt~on of ~he ho:dr~, and wiiho~t any other not~ce, afl the ~emaining • -,sfallments shall be due and payable at once. Privilege ia q~ven to prepay this note in whole or in part at any t~me without penalry. NeltFur fwebear~nce, ~ nor acceptance by the holde~ ttureof afrer any default in any payments herean, shall be deemed cxtens~on. A late payment charge of S 9'65 shall be ~ addrd to each insta;iment remainirg unpa~d 7 days after iri due date, and a like sum shall be added to each such insraflrr~nt remaining unpaid 7 days after ~ each sutteeding paymcnt date. Exh maker, surety and endorur hereof, jointly and several!y, w~~ves demand, presentment protest and ~norice of protest fw nonpayment, and furtFxr ` agrees to any extension of time of payment, eithcr before a after mawrity, witho~t not;ce to any of ~~s; and to pay all costs of collection, incfud:n~ a reasonabk nttorney's fee in the event of any default hereunder, and hereby severa!ly waives afl benefit of homestead and exemptipn under the coostitution . a,~d taws of each State of the United States, ss against thia obl~gation a any eztens~on or re~ewal hereof. ~ ~ Witness the hand a~d sc~l of esch party. s/ Peter B. Gay ~At) ~ cs~Au s/ Laura A. Gay (s~?U ` ~ 2 4. JG t State Revenue , .5?aw~~Mwo~?isi «?K:pind-Mw~ 16 . ~0 and the rfosmance of the ~ NOW, THEREfORE, the MORTGAGOR fw the purpose of securirg payment of said sum of s p~ cevenann and agreements hereinaftcr expressed, and fa divers good and v~luable considerat~ons, by these presents, does grant, bargain, u~l, rcmise, reiease, convey ~nd confirm unto the MORT.GAGEE, iri successors and assigns, sll that certa~n lot, piece w parcei of ~and, sitvate, lying, and being in the i Counry of S t. L uC 1B and State of Fbrida, desuibed as fo!lows: Lot 12, Block 441, PORT S?. 1_UCI::, SECTIO\ 3, as per plat thereof on file ; ' in Plat Book 12, Page :3A; 13G, Publ.ic ~ecords of St. I.ucie County, Florida, ~ ~ : € ~ ~ 3 ~ R6CflVED ~ ~ ~ ' ~ ~ IN PAY5IENT OF T1U(eS ! ~ LL' S'T ~~T L~7 F~ i U f-1 DUE 011 CUISS 'C INTMlCIBLE PERSONAL PROPERTY, ' U~ COCU?= ' i:~ t:'• ~P T: X PURSJANT TO CFIAFfER 20724, ACTS OF 1931. ~ s ~ z _ _f; ` ~ „ ~ ROG'C POIT,AS Clerlc Ci~cuit Court ~ ~ ~ = JEC - 50 s: s , . -?,,s _ • , ~ c.~i 6=~ 2 4 O O= as a~e::t for DANIEL N. KNOWLES, JR ~ v~ YEiT.OF PfiiA~,=_ ~ - St Luc+e Cour.ty Tax Collector ~ P.l~.~vo~~: ~ _ ~ - s gr ~ 7yrr ~ c _ ~ oErun c~.~K ~ ~ k, ~ ~ ~ fogether with all and singular the tenements, hereditamenti ~nd +ppu?tsnces tFx~evnto belonging w in anywise appe~taining thcreto, and ~II re~ts, iuues. ~ proceeds and p~ofib xauiny ~nd to ~cuve from said prcmises, all of which are lncluded in the above s~d fweqang descriptan ~nd h+bendwr?. ~ - TO HAVE AND TO HOLD the above described and yr~nted premises unto tF+e said MORTGAGEE, its successws and assiyns fo?ev~r. Md tl+~ said = ~ 'AORTGAGOR fw tt'elI - heirs, executwi, administrstws +nd assigns, I~eteby covenann with the s~id MORTGAGEE, its sutceason ~nd assipro, are _ Iawfutly se~zed of 1F+e u3d premi~es in fee simple: tMt the ssme ue fre~, ckar •nd dixha~yed from all lient and x+cvro- brarx m I~w or in equity, snd th~t they w~~~ their Fxin sh~ll warrant and defcnd the title to the wm~ fo the aid - MORTGAGEE, its successora and augns, forever ~gainst tF~e lawful cl~ims and demands of all persons; ~s PROVIDED, AIWAYS thst if the MQRTGAGOR shall pay w+to the MORTGAGEE the promissory note heteinbefore described ~nd shsll truly, promptly and fully perfwm, d~scMrge, execute, comp4ete, comply with snd ab+de by exh and every the stipulations, agreements, conditions and covcnants of said ~ promi:wry note u+d of this Mortgaye, tl~en this Mortgaye +nd thc Eitate hereby ue+ted shall cease and be null and void. ' IT IS UNDERSTOOD thar the wwd "Mwtpa9or" wF+ether in the singular w plwat ~nywhere in this Mortgaye, shall bt sirpular if one only and shall be plural jointly ~nd sererally if rtw~~ than one, and that the wwd "their" as v~ed snywhere in this Mortgaye sMll be taken to mesn °his;' "hets," w"its," wherever the context w implies a sdmits. Also, that wherever there 7t a reference in the covensnb and agreements herein contained to any o{ the parties Fiereto, the s~me sMll b~ construed to mesn af well as the heirs, legal rtpresentatives, succes:on snd assigns (either voluntary by act of tht ; partiei a involunury by oper+tion of ti~e law) of the ssme and that the covenants herein contained sh+l1 bind and the ber?efiri and sdranta~es irwre : ro the reipective hein, kyal representatives, iuccessors ~nd +ss'gns of tM parties hereto. ~ - And ssid Mwty~ors, fw themselves ~nd their hein, legal represe~t~tives, successors snd ~ssigns, hereby joimly snd sevdally covensnt and ayree T = to and with the taid MORTGAGEE, its successon and auiyru: 1. To psy all and tinpular tt?e principal and intereit ~nd 1he var7ous and sundry sums of rtwrxy payable by virtue of said promissory note, and thi~ mortyye, esch and every, promptly on th~ days respectively the same sev~rally become due. - 2. To pay ~II •nd sinpula? the taxes, assKSmen», kvies, liabilities, oblgatiwa and encumbsnces of every ~sture and kind now on said described property w tMat hereafter may b~ imposed, suffered. Pl~ced, levied, a aasessed tFxreon, a th~t hereaftev may be tevied a assessed upon this Mort¢ sye, a the indebtedneu secvreA Fxreby, each and every, when due ~~d payible, xcwdirg to law, befwe they bccome delinqueM, ~nd befwt ae+y interett artaches or sny penalty is incurred; AND INSOfAR AS ANY THEREOf IS OF RKORO THE SAME SM,~II 6E PROMPTLY SATISfIED AN~ OiSCHARGED OF RECORD AND THE ORIGINAL OFFICIAL DOCUMENT (SUCH A5. FOR INSTANCf, THE TAX RECEIPT OR THE SATISfACTION PAPER OFFICIAIIY ENDORSED - OR CERTIFIED) SHAII BE PIAGED IN THE HANDS OF $AID MORTGAGEE WITHIN TEN DAYS NEXi AFTER PAYMENT; and in the event thst any thereof is not pa~d, saf sfied and d~uharged sa:d MORTGAGEE may at any t~me pay the same a ~ny part thercoi wfthout wa~ving or affecr;ng ~ny optioe, lien, equity w ;z_ •~qht unda ar by virtue of this morty~ye and the full +mount of each and every such paymem shall be immedistely due and payabk and ahall be~r interdt ' ~.om the dare thereo( until pa~d st nre oi n~ne per cenrum per annum ~nd togaher w~th such iwefst~~ se~ee~~ of th:s ma9taye. ~VI~ t11K