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THIS !AlDEAITURE. M+d~ 2ath day of Dece:aber A.D. 19..Z.L_.~ betwce~
Robezt L Drumm Enternricec Inc +~~lOrl~ Cnz~Q=a~j nn
of St • ~Cle Covnty Florida, hNe~eafte~ d~~gnatcd as the "MORTGAGOR." and FIRST iEDERAt SAVINGS AND IOAN ~
ASSOCIATION Of FORT PIEitCE, a corporat'on or~an~zed and ex~sr~r~ under the laws of tAs Un~ted Stat~s o~ Art+er~u ana hav~nQ its pr~ncipat pf~ce of
b~s~nets in th~ Ciry of foA P~~rce, St. luci~ Co~,nty, Florida, hereinattsr des~pnated ~i tM "MORTGAGEE:' •
WNFREAS tM MORTGAGOR it jwtly indebtad ta tht MORTGAGEE in the sum of f 141.300. , go~ snd la.~fu~ mo+~ey of the Un~ted `
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S!ates adwnced by the M7RTGAGEE un~o ttK MORTGAGOR, as ewdenced by a ccrta~n prom~sswy nore of eren dare herew~th, of wh th ~he foilow;ny in ~
.+o-ds snd iigures is a trus copY, to-wit:
s14,300,00 ~_3-17.795 +
Fo.~ PK.«. Fi~.~d,. December 24. 19 7~
FOr vat~ rKNVetf. 1, wt Of HTner ot ~:s. prom~se 10 paY, hUixwl ~ici.~iai~v.~, i.; ii~e .,.w. G`, i;£~' °~~rna,i en~.ui~e wun ~neu eCC[l['14itAN AF
~ JRT PIERCE at Fort Pierce, F7orlda, the sum of 1-14_-L_300• OD with ~nTe~es~ from da~e at rhe ~a~e of 7.s pcr annurn, in monthly insrali- E
112i.00 1St A rll 72 1
•»~n as foi:ows: S on ~he _ d~y of p T9__ and a hke sum on the correspond:ng day of each month the~e- ~
a'rer unt11 thc whofe be futly paid. ~
Esth ins~atimrnt first shaii be a~p'~rd in payment oi 1he interest ard then ,-.n the w:prd !»!ar.:r of !he p~~~c prt svm 1( d ault is made in the ~
,a;moro of any insrallment when dve, and such ~lefauh connnues 30 days, then at the opr;on of the hoider, and wnho~n any orher not~ce, a!! the rema~n~rg
-,;raUmenra sha!! be d.,e and payab;e at once. PrlvileQe ~s g;ven to prepay this r?o~e in whole o? in part at any time renhout prnalty. Ne~iher forebea~snce,
~or r:ceptance by the holdr thereof after any defautt i~ any payments hereon, s~all be deemed extension. A late payment tharge of S_ S• 90 , aA~lf be
~~~ed to each insta~irr~ent remalning ~npa.d 7 days after ita due d~te, and a like sum sha~l be addrd to each su:h mstal~n,ent remain~ng unpaid 7 d+ys afte~
each wcceed~ng payment dare.
Each msker, surety and endaur hereof, ~oinHy and seve~ally, warves dema~d, prexntment protest and not~ce of protest fp~ nonpayment, a~d further l
aa~ees to any extension of nme of payment, ertl+er beiere w afre~ mawriry, without no~~ce to any of us; and to pay all ccsts of cu:lectia~, incfud ng s i
~~asonabte attorney s fee in the cvenr of any defau!e hereunder, and hereby scvera;ly wa;ves ail benefit of homestead and exemption under tF+e conafitution ~
~~d laws of each State of the United States, a: aga~nst thn obi~gation w any extens:on or ro~qL .~p
i. ~
wtne~s tne ?~a~d a~+d ual oF each party. KUt3~K! L. DRt:N~~! EIVTERPRISES~ IiVC. !
BY: s/ Robert L. Drumm ~~~y
esident
~orpora?e ~ea2 ~ffixF~ ATTEST ; s. Lester Drumrn ~a~~
~Au
$21.4~ Secretary ~U
~ ~ sa~~ R~~~~
; ssa~ s~ab~s aic s~w+s)
NOW, TNEREFORE, the MORTGAGOR fo~ rhe purpou of sccu.i 14 3~0. ~0 ~nd t}+e pe,formar+ce of th~ '
ng payme~t of said sum of S ~
covenants and aflreements hcreinaftcr expreued, and for divers good and v~lusble considerations, by tAtse presents, doea grant, bas~sin, slU, rcm~se,
~e~ease, corsvey •nd tonf~~m unto the MORTC,AC,EE, its succeuors and ~uyns, sll that cenain lot, piece a parcel of Isnd, sin.He, lying, and being in tM
County of St . Lue ie snd Sute of ftorida, dewibed ss toltows:
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Lot "M" of part of Lot 213 of WHITE CITY SUBDIVISIOi~I, ~
accordin9 to the plat thezeof as recorded in Plat ~ ~
Acink 1; naae 23; Publ ic Records of St . Lucie County, ~ W
Florida,~ more particulariy described as follows: oc,..;
C ~
Z ~ti
From the Southeast corner of Lot 213, run t~~esterly ~oo ~
along South line of Lot 213, 140 feet to the point ~a~ ~
of beginning; thence continne wiesterly 100 feet to z`~ ~ W ~
a point ; thence run Noztherly and para21e1 to the ~m~ ~
East line of Lot 213 a distance of 106.2 feet to a ~!z~ r~
point; thence run Easterly and pazallel to the South v;~~ ~ z ~
line of said l.
ot 213 a distance of 1~0 feet to a "-f ~ ~
Q U a..:
point ; then~e zun Southerly and paral lel to the East f"~ `
o ~
line of Lot 213 a distance of 106.2 feet to the point ¢ ~
r-- ~ 3
of beginning.' o ° c4
z a.
~9. z Q ~ d
> o K a~ ca !
. u S ~,--i ~r ~ r c: ~n oe ~
i _ ~ : : ~i ~ U W ~ C7 Q F
~ ~ ~,~.C.;." _ . . . ;,;X ~oa ° ~ y
'3 ~ G::,7.0'71 =I
~F~{~- =
~ ^ : 2 ! ~ `I =
~ ~ r~.iC?'.G° i':.-. .:~f ~.Y'i.
~ rL.IS~!iL =
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rygetF~er with all and singular the terkmenq, hereditsments a~d sppwtsnces therev~to belongirg or i~ ~nywise appertaining tfierero, ar~ dt renri, iuues,
aroceeds and prof~n accruing and to xcrue from said premises, ~II of which ue incl~,ded in tF+e above and faegoing description ~r+d habendwn.
TO HAVE AND TO HQLD the above described a~d yramed premixs umo ths said N{pRTGAGEE, irs succeswrs ard ~ssiyns forever. Md th~ said
MORTGAGOR fw t h@ 1 Z ~~~s, executors, ac.ministraro~s and auigna, hereby covenants with fhe said MORTGAGEE, its svccesson and aui9m,
tnat - LheY are Iawfully uized oi the sa;d prem:ses in fee s~mplr, th~t tF+e same are free, ckar and discharged from ~tl licns and ~ncv~
brarxei in Jaw or in equity, and fhst t hey t he i r htin shall wurant u?d defend the titk to the same fo ths ssid
MpRTGAGEE, in successors and sugns, forever ~gainst the {~wful cl~ims and demands of sll persons;
PROVIDED, ALWAYS tMt if the MORTGAGOR shall p~y ~nto the NIORTGAGEE the promissory rote hereinbefwe destribed ~nd sh~ll truty, p~omptly
and fuily perform, d~scharge, e:ecute, compkte, comply witA and abide by 'esch ~nd every the stipul~tions, syreements, conditions and cwenants of said
oromiuory rore and of this Monga~e, then this Mort9sge ~nd rhe Eatate hereby aeated shall cease ~nd be null a~d void.
IT IS UNDERSTpOp that the wwd "Mwtya9or" whethe? in the singular or plural anywher~ in this Morty~e, iFull be sinpular if one only ~nd i
sh~ll be ptural jointty and severaUy ii more than o~e, and ihat the wad "tl~eir" s~ u~ed ar~ywfkre in th~s Morty~pe shdl be talcen to mean "his: •,•hers: ' ~
w"iri," wherever the context w implies o~ sdmits, Also, tMt wfiereva there is • re(e?ence in the covcnann ~nd sgreerr~ents he?ein co~bined to ~ny of
tE+e parties hereto, tF?e same ahall be construed to meu~ as well ai the hein, 1e9~( r~esentativea, succeswn and auiyro (eithe~ v~oluntary by act of the
parties w involunury by operation o( the law) of the same ~nd that the covenants herein contained shall bind arx! the benefits aod advantages inurt 3
to the respective tuin, kg~l represcntatives, successors a~d au~9ns of tM puties Fiereto.
And said Mo~tyayon, fw themsclves snd their hein, kgal represematires, successors ~nd assgns, hereby jcimly snd severalty covcn~nt snd aqree
ro ~nd with the said MORTGAGEE, in successo?s snd auigru:
1. To pay all and s;npvlu tF,e principal and ~nrerest and the variovs and sundry wms of money payabk by virrue of sa~d prwr,;sswy note, and this
nwrtyaye, each snd every, p~omptly on the days respectively the ssme sev~rally becwne d~e.
2. To pay all ~nd singvlar the taxes, atsessmen», levies, liabilities, obliyations snd encumbrsnces of tvery natwe ~nd kind now on ia;d d~son'bed
properry, ar rhat hereafter may be impwed, svffereA, placed, te,r;ed, or ~ thereon, or tMt hereafta may be kvied a usessed upon this
a9e, a th~ indebtedncss secured hereby. each and every, when due ~~d paya k. ~ccwding to law. befwe they becpne dcli~quent, and before ~ny int~e9it
atr~hes p ~ny pen~fty is irxvrred; ANO tNSpfAR AS ~NY THEREOF f5 OF RKORa THE SMAE SHAtt 8F PROMPItY SATISFIED A~1D DISCMARGED OF
~ECORD AND THE ORIGfhAI OFFlCIAI OOCUMENT (SUCH A5, FOR INSiANCE. 7HE TAX RECEIPi OR TME SATISfACT10N PAPER OfFIC1AtLY ENOORSE~
i:R CERTIFIED) SHAII dE PIACED IN THE HAkDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENi; •nd in th~ event that any thereof is not
peid, sat'sfied and discharg~d sa d MORiGAGEE may at any t~me pay the same os ~ny pa?t thereof without w~ivi~g or affectiny any option, Iien, equity w
•~~ht under o~ by virtue of ehis morrgs9e ~nd the fuil amovnt oi cach and every such payrnent shall be irrtmcdiately dve and paysbk and shall bear interest
f•om the date ther~pf until p~id ar r~ee oi n~ne per cenr~m per •nn~m and toqeeher w~rh i~/ hall be the I~en of rh's moryt~pe-
8CQ 1~ P~;i
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