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TNIS IkDENTURE. Made the 6th day ~f `J8n1J~ly A.O. 19 72 between
Fs~rson G. Saapson and Iris T. Sanpson, his wife _
cf St . Luc ie ~Wnty Florida, hereinaft~r designared as the "MORTGAGOR," •nd FIRST FEDERAt SAVINGS AND IOAN
ASSOCtAiION OF FORT PIERCE, ~ co?poration o~panized and ea~uirr,~ under ~he Isws of the Un~ted Stat~s of Arturic~ ~~d Mvinp iq principal pl+cs of
bus~neu in ths City of foA Pi~ra, St. lucie County, Fbrida, han:~aftt? des~pn~ted ~s ths "MORTGAGEE: '
WHEREAS the MORTGAGOR a jvstly is~deb~ed to the MORTGAGEE in the sum of = 36 good and lawful money of the Un:?ed
Stetes adv~nced by the MORTGAGEE unto the MORTGAGOR, as evidencrd by a ccrta~n promiuory note of even date hcrewith, of wh~ch the foilowiry in
wo~d~ ~nd f~ urqs is a trw copy, to~wit:
S 36 008 ~i~ - 5-17,~93
s • No
fort Picrce. Flaida. January b 19 72
Fw valve rcceived, 1, vve w either of us, prom~se to pay, without defalca~~on, to the o~der of FIRST fE~ERAt SAVIkGS AND LOAN ASSOC~ATION Of
=ORT PIERCE at Fort Pierce, fbrida, the surt: of 1 36s000•~ _,~,;th interest from date at the ~ate of7~75Oto pe? annum, in mont6ly install-
~-~ents as fot!ows: S 296 a+ the 1Std+Y of ~y 19 72 and a like sum on the cwrespo~dmg day of each mcrGth tlurr
a'rer until the whole be fuily paed.
Each ~nst~llment first shatl be app~~ed in payment of the interest and then on the unpa~d balsnce of the pr~nc~paf sum. If d auit is made 1n tht
; a~meM of sny installmem when due, and such deta~ft conrinucs 30 days, thtn at the option of the hotder, and witfiout any other notic+, all the remainin9
: ~s~allrrKnts shall be due and paysol~ at once. Privltege is given to prepay this note in whole or in part at any lime w~thout penalty. Neither forebNruue,
nor acceptance by the holda thcreof aiter any default in any psyments hereon, shall be deemed extens~an. A late payment cMrge of s_ 14 ~ 8~ shall b~
r:i~r! to each instaliment remaininp unpaid 7 days after its due date, and • ~ike sum shall be added to eech such i~stallment remaining unpaid 7 diys ~fter
each s~ticeeding payrtxnt date. _
EatA maker, surety and endorser ixreof, jointly and xverally, waives demand, preuntment protest and notice of protest for no~payment, snd further
a?rees to sny extenswn of nme of payment, either befo~e w after matunty, w~rhout nohce to any oi us; and to pay afl costs of collection, intlud:ny •
r~sonable attomey's fee in the event of any default hcreunder, and Fxreby severally waives all benefit ot homestead and exemption under tF?e consfitution
~~d laws of each State of the United States, as aga~nst this ob~~gation a any eatens~on a renewal hereoi.
MY~tness the hand and scal of each partv.
s/ Emerson G. Sm,apson ~y
(SEAII
s Iris T. Sanpson
54 . + ~u
~ ~ State Revenue
i~+•»??-tar+c~ll~d ~r?.orisioa~ ~wt~
NOJY, THEREFORE, the MORTGAGOR for the purpose of securing paymcnt of iaid sum ot S and the performance of tM
;ovenants ~nd ~greement~ herein~fter e:preued, and fw divers good and v~luable cons~dnat~ons, by these presents, doea grant, bar~ain, ~ell, rem~u,
re:ease, convey and confirm umo tl+e MORTGAGEE, iri successwa and ~ss~gns, all that certain bt, piece or pucel of land, sitwte, lyinp, and bei+g in the
County of $t. L'L1Cie and State of Florid+, desuibed u follows:
~ rom the Northeast corner of the South~vest 4 of the North~est 4 of the Northeast 4
of Section 29, ?avnship 35 South, Range 40 East, run South O degrees 17•20" West
350 feet to the Point of Beginning; thence continue 125 feet along the same line;
thence run South 89 degrees 59•50" West 173.57 feet; thence South 23 degrees 09•30"
'<<est 63.17 feet to the aid-point of a curve on the North right-of-way line of Five
*~ile creek; thence run Northwesterly along a curve concave to the west having a
zadius af 327.04 feet, subtended by an angle of 17 degrees 26'30" for a distance of ~
99.52 feet; thence run North 22 degrees 22'13" East 160.36 feet; thence North 89
E degrees 59'S0" East 236.50 feet to the Point of Beginning,~
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~ togerher with •II u~d si~guf~r the tenements, he*edit~menh •nd appurtances therevmo befony~ny o? i~ anywise appertainirg tl~efo, and aIl rents, iuues.
} proceeds and profita acauiny and to sccrue f?on+ said pre+nises, all of which ue included in the ~bove +nd fwspoi~p dewiption ~nd h~bendum. ~
's TO HAVE AND TO HQLD tF~e sbove descr~bed snd yranted prcmises unto the said MORiGAGEE, in succeasws and auiyru for~v~r. Md the s+id
their '
MORTGAGOR for hcin, executas, ~dministraton ~nd auigr+s, hereby coven~n» with the said MORTGAGEE, ib uxceswn ~~d assipns.
~ rhat ~ aZe lawfvlly seized of the ia~d prem~ses in fee simple; that the same are frce, clear and disch~ryed from ~II liero u+d ~nevn?
~ brantes in law or in equity, snd thst they[_ will and L}LP? Z hein shall wurant and defend tFM titk to the same to th~ said
MORTGAGEE, its succeuors and sssi9ns, iaever painst the ~awful claims snd demands of all p~rwro; '
PROVfDED, AlWAYS t}»t if the MORTGAGOR sl?~II p~y unto the AhORTGAGEE the promissory rote hereir?before desc?ibed u~d sh~ll trvlY• promptly
- and fully perform, discha~ge, execute, compkte, comply wirh and ab~de by each ~nd every fhe ttipvl~tioru, ~yreements, conditions snd covenu~ts of s~id
promissory note and of this Mortgage, then this Mwtga~e +nd the &t~te hereby veated shall uase and be nutl ~nd void.
IT IS UNDEftST006 tMt the wad "Mortypor" whether in tF+e singular or plwd anywhers in this Mortpspe, shall b~ sinpulx if on~ only ~nd
sh~ll be plurel jointly ~rd ~eve~ally if more tFwn one. ~nd that tF+t wwd "their" ~s vsed anyvrhere in this Mortppe siall be taken to mesn '"his,•• •'htn••
- o~ °iri;' wherever the contezt w implies or ~dmiri. Also, thst wherever !hcre is a refe?ence in the coven~nts and apr~ament~ herein oont~inad to u~y of
rhe psrties hereto, the sam~ shall be corntrued to mesn u well ~s the heirs, kysl rep~caentatives, wccesson a~d au3pro (~ither voluntary by act of tht ~
n
= p3rties or involuntary by operation of the Isw) of the same and that the covenants he.ein cont~ined shall bind and the benefin and advantayN inurs
fo the respedive heirs, kgal representativp, successors and us~yns of th~ parties hereto_ t
` Md said Morty+gws, iw themsefves and their he'as, iepal representafives, succeswn a+?d auiyru, hereby jointly and severally covena~t and apr~e ~
» and with the said MORTGAGEE, in succeswrs a~d auigm: ~
1. To pay •II ~r,d sirgular the principal and interest ~nd the variovt and sundry surr~ of money payabk by virt~e of said promiiswy note, and tha ~
- mort9aye• each •nd every, promptfy on the day~ rapectively the sune severally become dve.
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, 2. To pay all and ~ingula the taaes, sssessn+enb, leries, li~biliries, obliy~tions ~nd encumbr~nces of every natur~ and ki~d now on said desvibed
- Property, w that hereafter may be imposed, suffered, placed, levied, a+wssed the~eon, w th~t here~fta may be levied w assessed upon thia Mat¢
age, a the indebtedneu secured FKreby. e~ch u~d every, when due and pay~ble, accordinp to I~w, befae they become delirquertt. ~nd befwt any int~?eaf ;
- a!+aches w any penafty is ~nturred; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAN1E SHALL 8E PROAMTLY SAi15fIED AND DISCMARGEQ OF ~
FECORD AND THE ORIGlNAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, TME TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED
- OR CERi1FfE0) SMAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXi AFTER PAYMENT; and in the eveM that any iFKreof if not ~
_ pa~d, sat sf~ed ~nd dixharged sa d MORTGAGEE may at any ~~me pay the same o~ any part thereof without wsiviny w affectiny a~y option, lien, equity a ~
•~~ht ynder w by virtue of this mortgaye ~nd the full amount of each and every such payment shall be immediatelv due and payabk and shall bear i~terest
- ~rom the date thereof until paio ~t rate of nine per centum per an~.um •nd toyethe. w~+h s te II be '`~r the lien of th:t motytpe.
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