HomeMy WebLinkAbout0383 2~0~ ~e v ,
THIS INDEnTURE, Mad~ tF~e ~ 6th day of ~C@m~@r A.p. 19 7~ brtween
_ Arthur C vde Clark and Patricia Ann Glark. his__ f~,e _ ~
of St• IdlC~@ Cour.ry Flo~ida, hereinaf?e~ deig~+ated ss ihe "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND tOAN
ASSO~IATION OF FORT PIERCE, • corpaatio~ aganized and exi~ting under tM laws o( ths Unfted Stat~t of America and Mving its princip~l pl~ce of
busin~u in tF» City oi Fw1 PiKC~, St. Luci~ County, florida, her~inaite~ d~siyn~red ~s N+~ " ORTGAGfE."
WHEREAS ths MORTGAGOR is justly indabted to th~ MORiGAGEE ln the sum of S~~~~•~ , yood and lawful mor~ey of ihe Un~ted
States advanced by the MORTGAGEE unto ths MORTGAGOR, ss evidented by a certain promisswy note of even date herewNh, of wh~ch the followin~ in
wo~d~ a~d f~9ures is a t~w copy, to-wit:
s 5, ~ 3-t 7, 745
Fort Pierts, florida, ~C8D1b@2' ~ 6 ~q~ ~
Fa vatue received. 1, we a eithe? of us, promise to pay, without defalcation, to ~he order of FIRST FEDERAL SAqVIN.~G~S~ AND IOAN ASSOCtAT10N Of
FORT PIERCE at Fat Pierce, Fbrida, the sum of S~~~~•~ with intr'rest from date at the rale of ~L1.A6 per annum, in monihly instal{-
,~enti as fol!ows: S~ on the ~ 3t day of Februar~r , ~9~ and a like sum on the carespond~ng day of each month therr
after until the whole be fully paid.
Each insfallment first shall be appl~ed ~n pay~nent of fhe interesr and then on the vnpa~d balance of the principal sum. If d sult is made in tha
F~ay~nent of ~ny installment when due, a~d such default continues 30 days, then at the option of the holder, and without any other not~ce, all the ~emaining
+~~stailments shail be due and payabte at once. Privitege is given to prepay this note in whole or in part at ~ny tim~ without penalry. Merither iorebNrance,
r,oi atceptance by the holde~ thereof after any default in any payments hereon, shall be dremed exte~sion. A Iate payment cha~ge of S J' ~ sh~ll be
added to each insfallment remaining unpa~d 7 dayi after in dua date, and a I~ke sum shall be added to each iuch installment remaining unpaid 7 days ~fter
each succeeding payment date.
Each maker, surery and endwser hereof, jointly and xveralty, w~~vcs demand, prex~tment protest and notice of protest tw nonpayment, and fvifher
agrees to any extensio~ of time of payment, either beforQ o~ after ma~urity, without notice to any of us; and to pay all costs of collection, intludinq a
reasonable a~rorney's fce in the event oi any default hereunder, and Fxroby seve.atty waives all benefit of homcstead and exemption under the conititution
and laws of each State of the United States, as a~ainst this obligarion w any extensan o~ ienewa! hereof.
Witneu the hend and scal oi each party. ,
_sl Arthur Clpde Clark ~~q
tsen~)
s/ Pa.tricia Ann Clark
$7 50 ~
c- • f ste~. a~„~
f~+en+ps~n~el~ed ~n ~efgina?~+e+d
NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of ssid sum of s 5~~~•~
, ~~d the perfwmance of ths
covenants u+d agreeme~ts hereinafter exp~cssed, snd fo~ divers good and valwble considerations, by fhese presents, does grant, bar~ain, setl, ?tm~se,
release, convey ~nd confirm untq the AhORiGAGEE, iri succcssors and au~g~i, all that cert~in lot, piece w pucel of I~nd, tituate, lying, snd beug in tM
County of I+L1C~@ ~~nd State of Fbrid~, dewibed ~s follows:
Lots 1C and 11, Block 5, DAKLAND PARK SUBDIVISION, as per
plat thereor recorded in Plat Book 2, Page 7, of the Public
i Records o!' St. Lucie County, Florida
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?4E a~jy,~u~ OF T,U(~
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1 UpX ~ AB~M ~ rTRAS. Clerl~ Circur} ~S ~ 1841~PEkry
~ 1 t STA~ DAlylF[ ~d
W Y ~OCV~,EITA r?~-': _ ~ Lucie Co~n N KNOyyLF
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` rogether witt~ all u~d si~gulsr the tenements, hereditsments snd •ppv?qnces therevnto 6elonging or ia anywise appertsininp thereto, and all r~nts, iuws.
€ p~oceeds ~nd profiti ucruing and to ~ccrue from said pemises, all of whicfi are irxluded in the ~bove and fwepoinp description and Mabendum,
' TO HAVE AND T HOlD ths abow dewibed ~nd yrsmed prcmises unto the said MpRTGAGEE, its wccessors u~d assipro foreva. Md the s~id
€ MORTGAGOR fa ~he;i--- heirs, txecutors, ~dministrators and auig~u, hereby cov~nants with the said MORiGAGEE, in wocesson and ~ssiprn,
~hst are - lawfully se~zed of the s~id prem~ses in fee iunple; that tFw tame are frss, ckar and disctyrycd from att lieru and e~
brances in law or in equity, ~nd that th@V_ will ~~d their hein shall warrant and defend the titk b tht sam~ to tFr said
MORiGAGff, ir~ wccesaon and ass;yns, fwever ~ainst tht Iawful claims and demands of all persons;
~ VROYIDED, AlWAYS that if the MORTGAGOR shall pay umo the MORTGAGEE the promissory note hereinbefore dest~ibed and ~hall'truly, promptly
and fully perfwm, d~xMrge, execute, complete, comply with and ~bide by each and avery the stipul~tipu, agroernenq, cond;iions ,nd oovenann of sad
promitwry note ~nd of this Mortgaga, then this Mo??gaye and the Estite hsreby v~aled ahall uase and bt null and void.
f tT IS UMDER5100D that the word "Morlg~gor" whether in th~ sirgular or plural anywhert in this Nbrtyaye, shall be sinyvtu if o~w only and
shall be plv~al jointly and stver~lly if mort than o~e, and tF»t the wxd "their" ~s used anywhere in tha Nbrt9ap~ st+~ll be taken to me~n "h'a,•••'hen;'
' or "iri;' wherever tfie context w impties o~ ~dmits. Also, that wherever there it a refa~enc~ in the covenann ~nd apreements herein contai~d to sny of
?hs parties hereto, the same shall b~ construed to mean u well ~s the heirs, leyal repreunt~tives, succassors and auigns (eithsr volu~tary by ~d of th~
parties w involum~ry by operatan of the law) of the iame a~d that the covenants herein cw?taincd shell bind and the bt~efits and aclwntaQ~s k?w~
to the respective hein, leg~! r~presenfatives, successors ~nd au'gm of th~ parties hereto.
I
go
And t~id 1Nortgsgo~s, fo~ themselves snd their hein, legal represe~tatives, iucceswrs and ~uigns, hercby joi~tly and ievaally covenant and apr~e
ro ~nd with the said MORTGAGEE, its s~ccessa~ and ~uigni:
1. To pay ~II and sir~yular the princip~l ~nd intereit a~d tiu various ~nd sundry sums of mo~ey paYable by virtue of said promiuory not~, and this
mort~aye. ~ach and eve?y, pramPtlY on tht days respcctively the iame awr~lly become d~?e.
2. To pay ~II ~nd s3ngvla? the qzes, assessrnenb, tevies, liabiti~ies, obliyations ~nd entvmbr~nces of every natwe and kind now on sa;d d~scribed
Prope?ty, a that hereafter may b~ irnpwed, suffe~ed, placed. kvied, a assesud thereon, q thaf hereafta may b~ levied w aisessed vpon thi~ Mprt¢
j +q~, a tlv~ indebtedneu =ecured hereby, exh and every, when due ~nd p~ysbte. ~ccwdirg to law, b~fwe ~hey becom~ delinquent, and befon ~ny fMerat
attaches or srry penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORU THE SAME SHAII dE PROMPTIY SATISFIED AND DISCMARGED OF
RECORD AND THE ORIGINAL OFFICIA[ DOCUMENT (SUCH A5, FOR INSZaNCf, lHE tAX RECElPi OR THE SATISFACTION DAVER OFPICIA[LY ENDORSED
OR CERTIFIED) SHAII BE PIAtED IN THE HANDS OF SAIO MORTGAGEE WITHIN iEN DAYS NEXT AFTER PAYMENT; ~nd in the ewnt that any therwf is no1
paed, saYsfied and diuha~ged sa:d MORTGAGEE may at any t~me pay the ssme a s~y part thereoi w;thout waivinp or affecting ~ny option, lie~, eqvity o~
•~aht under or by virtue o} this mortgaye and fhe full amovnt of each ~nd every such paym.ent shsll be immediatety due and yabl and shall bear int~rest
~•om the date tFxreof until paid at rate of ni~e per ce~tum per aru~uir. and toqether w~th such inte.e~ skil red by t th:s mpyl~yt.
60QK ~ PAC~