HomeMy WebLinkAbout2666 i . ~~0330 ~
?H15 INDENTURE. Mad~ the 9th day of ~C8d1~8r A.O. 19 71 b~tw~ '
Buccaneer Building Corporation, a Florida Corporation i
of St. I~1Ci@ ~~~~y F~;~ ~~jMfiN d~sqr+sred +s fhe "MORTGAGOR." •nd FIRST fEOERAt SAVtNGS AND IOAN
ASSOCIATION OF fORi PIEfKf, • corpor~tion or~anized and ~xiitirg under fF» laws o~ ti~e Un~ted Sta~~s of Amaic~ •nd hav"u~p in princip~l pl~ct of
buun~u in th~ tity of Fort PiNU, St. luci~ County, flotida, MffiMftN detpnat~d ~s tM "MORTGAGEE:'
WHEREAS tM MORTGAGOR is jwtly indebted to tht MORTGAGEE in the sum of = j~~~~•~ , yood ~nd I~wful monty of the U~ited
S~atet adv~nccd by the MORTGAGEE umo the MORiGAGOR, as evrdenced by a certa+n paomiasory note of evcn datc herewith, of which tM foliowinp in
word~ ~nd figur~s is • trw copy. to~wit: ~
~ 15~000.00 N, 3-1 721
Fort Pierc~, Flaid~, ~CBmb@I' 9 19 ~
fp value reteived, 1, we or either of us, prom~se to , without defalcarion, to the orde. of FIRST fEDERAI SAVIfY 5 ANO IOAN ASSOCIATION OF
iORT PIERCE at Fort P~er e, Florida, tne :um of S w;rh inrerest from date at the ~ate of ~•7~0~, per ~nnum, in monthly inatall-
~re~fs a: fo~fows: S ~ 2~•~ on the ~ st' day of Feb~aY'Y !9?? _ and s l~ke sum on the cwrcspond~np day of each month there-
a}rer until the vrhole ~ fully paid.
Each instaltment first shall be spplied in payment of the interesl ~nd thcn on the unpa~d balance of the p~inc;pal sum. If d ault is msde in iM
ra;meM of •ny inits~2ment wFxn due, and svch defruh continucs 30 days, then at the opt~on of rhe ho7der, and without any orfier notice, sll the remainin9
.<<s~alimenn shall be due illd Pi~/ib:e at once. Priv~l~e is given to prepay this note in whote or in part at ~ny t~me wi+hout penalty. Nei ha fweNearance,
ror scceptance by the holdN thereof afrer any default in any payments Fxrcon, ihall be deemed ecTens~on. A lare payment charge of =~•20 ihall b~
ad~ed to eacA installment ?emain~rg unps~d 7 days after its due date, a~d • l~icc sum shail be addad to each such i~sraltment remainirg unpa;d 7 days aher
each tucteeding paYmeM date.
Each make?, surety and endorser hereof, joint;y and severally, w~~ves demand, presemment protest and notice of protest for nonpayment, ~nd further
a~rees to any extension of t~n:e of paymenr, eithcr before or afte~ matu.ity, witnout ~ot~ce to any of us; end to pay sll costs oi cotlectian, includ~np a
reasonabie atrorney's fee in the evcnt of any default hereunder, and hereby severally waives all benefit of ho:nestead and exemption under the constit~tion
a~,d I~ws of each State of the United States, as ags~nst this obl~gafion a any ea~cns~on o? ~e~~~~R BIJILDING CORPOiRA~'ION
Wirness tl,e hand ~nd sesl of each party.
By: s/ Jack Crain~ President ~,q
Corpflrate Sea2 Affixsd Attest: s Ma?ry Lee Crain, Secretary-Tre~r
! ~2'SO ~ State Aevenue ~U
;S~sR~pr ew+eeNed-o~rerlyi.AF-noa~
NOW, THEREFdRE, the MORiGAGOR for the purpose of securing paymem of sa3d sum of = ~5s~~•~ ~e p~rform~~ce of tl» ~
covensnts sr+d agreements hereinafter expresud, and for d~vers good and valuable coas~derat~ons, by these presenn, does grant, bar~a+n, sell, remise, ~
re~eese, convey ~nd confirm unto the MORTGAGEE, its successws and au~gns, all that ceruin bt, pieca or p~roel of tand, airwte, lyinp, and beirg in th~
County of _ .S~i . T+Z1C f@ y and State of f iorids, de~cribed u followt:
t
+
~
~
Lots 10 and 11, Blo~k 1, M. MOORE~3 SUBD~IYISIaN, as per
plat thereo° on file in °la~ Book 3, Page 11, o.° the Publtc ~
t
Records of St. Lu~cie County, Florida, ~
OF tRX~'S
.~l.~~t PER~'
~ ~i ~ d~ 1
~"~~8~£ p,GtS
S~
Z~124. ~,~tt
W STAT t= L O~? ; t~'A R~ o~ ~ tio ~~;~~'t ~R.
D~CU~EN~T.~+~":. SiHMP TAX ~p5•~1Jr~t C1eck ~~V`~,5,
J y = ~cia~so - _ R~~R PoEo~ ~~~1E`
U = ~t ~ax fA
' N LFii.~if CE~E?:Yf L ~ ~ ~ ~ 0 ~ bs G ~ ~ ~
P.B.~9o>>2 G'~~ ~
~ ~
~
e'f ~
rogether w~th •11 ~nd sinyut~r th~ tenements, hereditaments ~nd ~ppurt~nces thereunto 6~long'ug or in anywise appert~ininp therNo, ard all renta, issws,
proceeds and p~ofin acuv~ng and to acvue from u'sd prem;ses, all of wh~d+ ere included in the ~bov~ and fwpoirq dewiption and habendwn.
TO HAVE AND TO HOID the above described ~nd 9ranted premfses unto the taid MORTCsAGEE, in s~?cuuon and suipns fwwer. And th~ wid
MORTGAGOR fa ftS he~n, executon. idminutraton ~nd auiyra, hereby covensnts with ihe said MORiGAGEE, its wcc~sw~s ~nd assiprr,
rhat - i~- is tawfuNy te~zsd oi rhe said prem;ses in fee ~imple: tl+~t the same a~ fr~e, cieu and discF~arped from sll Ikns and MaNn.
branus in law a in equ;ty, ~nd that it will ~nd it'3 hein shsll w~rtant and defe~d tFN title to th~ a~m~ to the wid
MORTGAGEE, iri successors and au~qru, fotever ~airot tFK Iswfut dsims and demar?ds of all perwra;
PROVIDED, ALWAYS tMt if tht MORTGAGOR sMll p~y ~nro the MORTGAGEE ths promistay note hertiabefp~ dewib~d snd th~lt frvly, promptly
e~d fufty perform, discharpe, execut~, cpnpkte, comply with snd ab~de by e+ch ~nd ~v~ry the stipulations. ~yreem~nb, tonditiona ~nd wverynts of qid
promiasory not~ and of this Mort9ay~, the~ thi~ AAwtyaps u~d ttK Eaqte her~by ueattd sf?~II uas~ ~nd b~ rwll and void.
IT IS UNDERSTOOp that tF~t word "Mwtyaya" whether i~ tM s~nqulu w pl~r~l anywlwr~ in this Mortyap~, shall b~ ~inputar if on~ only and
shalt b~ piwal joimty ~nd ~eve~ally if mort th~n one, aed rhat tM word "fhe;r" ss used ~nywh~re in tt~a M~o?tpape shatl b~ tak~n to rn~an •'hls,•• •'hen••
w"ih;' whereva the cont~xt w impliea or admiri. Also, tMt wher~ver rhere is a r•fer~nce in TF,. coven.nn and a~reerrKnn her•i~ ~omain.d to ~ny of ~
rhe pa.ties herato. th~ sarn~ ahall b~ construed to mean as well as the heirt. I~yal npresent~tives, succeswn and astiprn feitF~ volwnary by act of th~ !
parties w involuntary by op~r~tion of the law) of the aarr~ and tMt the cover++nts hcr~in contained ~MII bind u~d t!k beaeiib and ~dramapp i~wr~ ~
ro the rsap~ctiv~ hein. I~y~l refxesent~tives, wu~sw~s ~nd au°yns of th~ puti~s hereto.
Md a+id Mwtqa~on, fa thems~lve~ and tFKir hein, leyd repr~sanutives, succeuas ~nd asiiyro, h~reby jointty ~nd wverally covenk?t ~nd pr~e ~ ~
ro and witl~ the uid MORTGAGEE, in suctessds and ~uipru:
1. To pay all and sirgulu tl+~ princ:p~l and intcr~t and the wrio~s and sundry wms of mon~y paYsble by virtw of Nid PfOTitfOfy flpff, and this
~+ortq+y~, e+th and wety, pomptlY on tFw d~yf respedir~ly th~ tam~ s~v~raUy bttan~ d~e. t~
2. To ~ ~
p~Y atl ~nd sinpular tFk taxes, assessmenn. Iwies, li~bilities, obliyat;o~s ar+d encumbrance~ of ev~ry natw~ and kind now on s~id d~acribrd
P~opertY, or that Mreahw may be ;mpw~d, wffer~d, pl+ced. {evi~d, a awssed thereon, o~ that hereahN may b~ kvid a~sa~swd ~rpon tl~is Morq. !
afl~, or tM indebtednets ucvr~d hereby, eacA ~r+d twry, when dw ~nd payable, aocordirg ro law. befa~ tiwy bscane dtlinqwm. ~~d b~fon u+y int~t~st
atteches or any penalty is incwred; ANO INSOfAR AS AfYY iHERfOf tS Qf RKORD IME SAMF SHAII BE PRONIPTtY SATISFIED AND DISCFIARGED OF ~ j
RECORO AN~ THE ORIGINAI OffIC1Al DOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PMER OffICIAIIY ENOORSED ~
OR CERTIFIED) SMAII dE PIACED IN THE HANDS OF SAID AAORTGAGEE WITHIN 1EN DAYS NEXT AfTER PAYMENT; ~nd in the evtnt that ~ny thtr~of is nor
paid, sat'sfied and dischNyed sa:d MORTGAGEE m~y ~r any time paY the s~me ot ~ny parl thereo( witFa~t w~iving w af(ectiny a~y option. lien, squity ot Q~
•~aht under or by virtue of thi~ mortfla9e and the full ~mount of each and every such payment shall be immediately due and p~yabk and shall bNr it~t~r~st ~
~rprn the dit~ thtreof until paid ~t rate o( nine per centum per anrrum ~e~d royether w~th tuch inte~est shall be setured by tM litn of tb:s morptape. j