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THIS INDENTURE, Mad~ ZOth d,y o+ Deceaber A.D. 1971 ~nw.a+
_ Rebert S. Pad~lford snd C~wenneth D. Padelfozd, his wife ~
. ,
~
of St. Lt1C~e , County Florida, he?einaftN d~signsred +s tM "MORTGAGOR;' and FIRST ffDEQAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, ~ corpor+ta~ wp+ni:ed +nd ex~s~ir+p w~dM tM laws of tM Un~t~d StuN of M+~rica and Mvlnp ~n ~~~c~wi ~t+c• of
busir»s~ in th~ City of fori Pi~rc~, St. lvcie Cour+ty. florid+, hK+lnahN d~sip~ted ~s tF+~ "MORTGAGEE."
WHEREAS tM MORTGAGOR is jusNy indebted ro tl+~ MORTGAGEE i~ the sum of i a3~ , good and lawful money of thr Un~ted
S~st~s ~dvanced by tM MORiGAGEE unto th~ MORTGAGOR, as evidenced by a certa~n promissory note of ~wn date herewitb, of wh~th the ioibwiny in
wordt and tiyures a• trw copy? fowit:
= 23~ m0.00 ~ 3-17,760
No
DecQaber 20. ,0 71
€w~ ~MCG. i:a:.3a,
for vdue received, I, ws or either of us, prom~se to pay, withoul defalca~ion, to the order of FIRST FEOERAt SAVINGr,S AND LOAN ASSOCIATION OF
FORT PIERCE at Fo?t Pierc~, Florida, the sum of s 23~ w~~h ineeres~ from date at ths raie of 7~7~Xe per +~~um, in monlhly ir?tbll-
menn u fotlows: S 174 o~ the 18t d+y of April ~9 ~Z and a like sum on the correspond~ny day of sach month therr
i
ai~er until tix who=e bc fully paid.
Each irnutlment fin~ sMll bs applied in paymem of tM interest and ~Fun a+ ~M ~npaid balance of the prindpal wm. If d suft is mad~ in 1M
F.ayment of ~~y instaltment wheri dus, and such default continuet 30 days, then at the option of the holde?, and without any other r?oticc, all the remsinirg
l ,nsfailmenb shall be dw and p+yable at once. Priviteq~ is yiven to prepay this note in whol~ or in part at any time without penalty. Neithe~ forebeara+Ke,
~ nor scceptsnte by tF+e holdet tAereof after any defautt in any psyments hereon, shall be dermed extension. A late paymem char9e of S •7O sha~~ be
a~ded to each insuNment rcmainirg unpaid 7 daya ~fier its dw dat~, a~d • like tum shall be added to cach such installment remainirg unpaid 7 days affer
each tucceedirg paYment date. .
Each make?, surery and endwser hsreof, joi~Ny and xverally, waives dcmand, presentment protest and notice of protest for nonpayment, and f~rther
\ agrees to aoy extcnsion of time of payment, e+ther betore or after maturity, without not~ce to any of us; and to pay all costs of cotlection, irxludinp a
rrasonable attorncy i fee in the evenf of any default he~eumlcr, snd hereby seve~ally waives a~l benefit of homestead and exemption under the constitWion
~ a~d laws of each Stare of the United States, as a9ainst this oblgation oT sny ext~++sion o~ renewal hereof.
- Witness tF+e twnd and sest of exh pany.
a/Robezt S. Padelford ~U
- t cs~?u
: s Owenneth D. Padelford ~U
~ cs~?U
r $34. SO a State Revenve
ti 23.000.00 ~„d r~ .to.m.~e of d,.
NOW, THEREfORE, the MORTGAGOR for the purpose of tecvring psyment of said sum of S PQ
covenaMS +rtd apreementi Ixrtinafte~ exp~essed, and fw d~vcrs 9ood and vstwble consideratans, by thsse. p?esents, does grant, bar~ain, sell, rem~se. E
- release, convey snd coniirm uMO the MORTGAGEE, ib svcceuws a~d auigna, all that cert+in lot, piete w parcel of I~nd, iitvatt, lying, and beinp in tM
County of St • I.tlCle a~d Stat~ of Fbrid~, d~scribed a~ follows:
` Lots 11 and 12, Block 286, Port St. Lucie Subdivision, Section 1 as recorded in
Plat Book 11. Page 53 of the Public Recorda, St. l.ucie County, Rlorida,
.
f W ~ t~~ C t~E rLUF2iu:~?
~
~ c.~ F~'.. JOCv?~!c?i'lS~;"._.S7::??:P Tt.X
~ J ~ - ~c2rn d
~ -....9----- - _
? = R\s r.~3450=
; V) L'EDT ~iF RitfltiE\~ -
a r 19 0112 - - -
r
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$ RfCE1VED u'- 1N °A`!L1Et~1T pF T~
` DUE ON CU1SS 'C IP(TAY.;!SL: 'E'S"i1L P,
~ PURSIlMIT TO CHAPT=R ~C7 !S'S Of 191~
~ ROGCR POtTRAS, Cleric Csr:~.t t;c~~t
T
r
~ as AgeM fo? DANIEL N. Kt~OWu,S, JR
~ St Lwtie Cow:ty Tax Colledor
~ gr ~/j~~!! < !
~ o~vn a~nc
~ togethtr with all ~nd sirgulsr the tenements, hereditamenb ~nd app~rt~nces therw~?to bebnpiny or in anywis~ ~pperta+ninp ihenio. ~ad al) rM», iuues,
_ proceeds and profits aca~iny and ro acuue from said premises, all of wFiKh ue included in the abov~ and fweyoinp description +nd habendum•
TO HAVE AND TO HOID the ~bove described snd yranted prem~ses unto ths wid MORTGAGEE, ib tuccessors ~nd auigna fw~ver. Md th~ said
~ FAORTGAGOR for thgir hein, executors, administr~tas ~nd auiyns, lxreby cov~nanb with tM s~id MORTGAGEE, its suasswa and ~ssipro,
~ ~hat a Ze - lawfully s~i:ed of tl+e wid premises in f~e iimpl~: that tM sam~ ~re frN, ctear ~nd d'ixhar~sd from ~II li~ro and ~ncum~
~ br~nces in law a in equity, and that t~ will ~nd t hei r hein sMll warrant ~nd d~fsnd tM tiNe to th~ urt» fo th~ s~id
MORTGAGEE, its succeswrs snd assiyns, fwever ayainst tM lawful claims snd demands of all perso~a;
PROVIDED, ALWAYS tMt if tf~e MORTCsAGOR shall p~y unto the MORTGAGEE tM promiuory note I+ereinbefor~ deuribed u~d shall truly, promptly
- and fully perForm, d~schu~e, eaetvts, canpkte, tomply with and ab'de by e+th +nd ~very tM stipulatior?i, syraemenb, conditiom and oov~nants of uid
promissory not~ and of this Mo~tpaye, the~? this Mortyape ~nd tM Estate ha~by veated sh+ll ceas~ and b~ nufl snd void.
IT IS UNDERSTOOD that fhe word "Morty+Qa" whNher in tiw singul~r or plNral ~nywhert in this Mwty~ps, shall bt ~inpulu if aw only u~d
sh~ll b~ plurd jointly snd ~everaly if mwt than one, and that th~ wad "the'u" at used snywhett in this Mortpay~ ~MII be taken to mtan "his:• •'Fwn:•
w"it~;' whereve~ the ca+tt:t w implies or admits. Alw, that whtrwer there it a r~itrcnu in tht covenants ~nd ~preemenb I~e?ein conuinad to a~y of
~he partea Mre~o, tiw sam~ aMll be corotrued to mean u wslt ss the hein. Ip+l r~presentatives, succ~ssors ~nd aisiyrn (eitMr voluntary by ~d of the
p a n i
e s o r i n v o l u n t a ry b
y o p e r a t i o n o
f t h e l a w) o f t M s a m e a n d t h a t t h e c
o
v e n anri h s? tin conuined ihall bind and tFw b~nefit~ and ~dv~M~ s irwr~
to tF?~ resp~ctiw hein, Ipal r~prss~ntatirs, successors +nd au°yns of the p~Mi~s Mr~to.
Y.~
And ~aid Nbrt9~pon, fo~ tF~emselws and their htin, leyal r~present~tives, s~rtcesson +nd ~ui~ns, hereby jointly and sev~rally tovsnam ~nd pree
to and with tM said MORTGACsEE, in wccsasors and ~uipro:
1. To pay all ud ~in4ula~ th~ principal ~~d intNtst snd the vsriovs and ~u~dry wms of mo~xy pay~ble by virtv~ of said promiswry r.ote, ~nd this
manyap~, e~ch and ~v~ry, promptly on tM day~ resp~divdy tM samt stwrally becan~ dut.
" 2 To pay dl and sagula the taxef. ~susunenn, levies, li~bilities, oWi~aYans and erKwnbwnces of tvery n~tws and kind now on aid drxribN!
p.operty, w that F1lfNfTN may be impwed, wffered, placad. Iwi~d, a asses~ed therwn, a th~t hereaha may b~ lev'~ed a assssad vpoo thb Morty- .
aye, or the Md~btedneu sscvr~d Mreby. ~sch and wery, wMn dw snd payabte, ~ccordinp to law, befw~ they becarK delinquent, and ~Ot~ My G11MH1 ~
`°3 attaches a~ny penafty is incurred; AN~ INSOFAR AS ANY THEREOf IS OF RKORO THE SAME SHALL dE PROAMTLY SATISFIED AND DISCHARGED QF
RECORD AND THE QRIGINAI OFFKIAI DOCUMENT (S1KH AS, FOR ~NSTANCE, TME TAX RKEIPT OR THE SATISfACT10N PMER OfflCl/lILY ENDORSED
- OR CERTIFlE~) SMALL SE PUCED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and t~1 1F1t ~vMT 1FIa/ My t~INlOf I! IfOt
.:a paid, sar'sfied and dixharged i+:d MORTGAGEE m~y at any time pay the tame w any part thereof without vraivin~ or affectirg any option, lien, equity a
- •pnt unda w by virtue of this mortgaye ~~d tlx full ~mo~nt of exh and evsry such payment sFull be 7mmediately due +~d payable and shall b~a~ int~rqt
- ~rpm the d~te thereof until paid at rate of nine per centum per ann~m and toyether wi gt ~hall be ~urec~ by the lien of th:s motqtap~.
600K l~d PACE (1U