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HomeMy WebLinkAbout1998 2~1838 , THIS INDENTURE, IN~J~ fhe 7t'h d+ of January ~ A.p, 19 72 between Ralph W. l~irts and Bonnie a. Rirts, his wife of St• Carnty Flaida, hereinafta de~ignated as the "MORTGAGOR;' and fiRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, s co~pwaNon wyanizcd u+d exi~tin~ unde~ ~he laws of ~F~ CJnfted St~~a of America ~od havinp its principal pl~cs of busineu In t1w Ciry of Fwt Pi~.u, St. Luci~ County, Florida, MreinaftK deiipnated as tM "MORTGAGEE." WHEREAS tM MORTGAGOR is juitly indebted ro tM MORTGAGEE in the sum of s ~ 7~3~'~ good ~nd lawful money of the Un~ted S+afes advanced by ~he MORiGAGEE unto the MORiGAGOR, as evidenced by a certa~n promiuay note of even date herewitb, of whlch the followiny in s a•' ? n; figure~ s a trw copy, to-wit: ~ ~~Op. 3-17,799 fwt Pierc~. Flwida. J8hua2'~1 7 19 T2 Fo~ value receivcd, 1, we w eithe~ of vs, prom;se to y, wi~hout defalcation, to the order of FIRST FEDERAt SAVIN S AND LOAN ASSOCIATION OF FORT PIERCE at Fat P'ie,.rc~e, Fbrida, 1he sum of i with interest from date at the rate of ?'?~Olo per annum, io rtanthly install- ~.~ents as fol!ows: S~•~ ~ st d+Y of ~~h . 19 72 +~d a like ium on the cwrespo~d~np d~y of each month the~e- a'.ter unlil the whole be fully paid. Each installment fint shall be applied in payment of fhe interest and then on the unpald balance of the prir~clpal ~uv+. If d auN is m+de in t!a Fayment of aoy installment when due, and such default continues 30 days, then at the option of the holder, and without any cthtr notice, all the remaining :~stallme~ts shail be due and payable at once. Privilege is given to prepay this note in whols w i~ part at sny t~me without penalty. Neithe? rforcbearance, rer acceptance by the holder thereof after any default in any payments hereo~, shall be deemed extens~on. A tate payment cherge of S 7'~ 7 ~ added to tach install~+~ent remaining unpa~d ~ days after its due date, and a like sum shall be added to each suth inatallment remainin~ unpaid 7 days after each succeeding payment date. Each make~, surety and endorur hereof, jointty and severally, waives demand, preseniment protest and notice of prote~t for nonpaymr~t, and f~rther jgrees to any extension of t~me of payment, e~ther be(ore or airer maturity, without rtotice to any of ~s; and to pay all costs of cotlection, includ:ng s reesonable attorney's fee in the evem of any default hereunder, and hertby severally waives all benefit of homestead and exerr.ption under the constitution a~~d tawa of each State of the United States, as against this obl~gation w any ezrension w renewal hereof. Witness tl+e hand a~d ieal of esch party. s/ Ralph W. 1Cirts ~,,y cs~?u s Banai~ . 3irLs i~~i~ ; ~,t5.95 `s~,u ) State Revenus i9ron+pt ~sneeile~vrrorlq~r~sF-ntxdt NOW, THEREFORE, the MORTGAGOR fw the purpose of sea+ring payment of sa~d sum of S ~ 7~3~'~ •nd th~ performance of tF+e :ovenants and +preerrKnts hereinafter expreued, and fa d~vers good and valueble conside~atiorts, by these presr+ta, does grsnt, bary~in, sell, remise, re~ease, convey and confirm unto the MORTGAGEE, iri successors and assigni, all that certain lot, piece or parcel of Isnd, situate, lyirg, and beinp in tM County of $t .~LiC i@ and State of Fbrid~, desvibed ai follows: Lot 17, of Block "N" of MARAVILLA ESTATES, as per plat thereof recorded in Plat Book 8, page 7T, public records of St. Lucie € County, Florida i ~ l i i Q ! e # a ~ W 5 ~~;"t ~ ,-~LUF-~~~lp? ~ 6~ ~ ~ U LCC~ `;~'c!•:Tr~ T• ~C E~EO , . ~ ~ Z _ ~U~ ~ ~ PAI'MEI1T TAXES ~ ~ _ ~aNio~~2 g%'?~'~~. ~~1 ` = URStt+tA arR?ER, ~E ~RSOJ~1K P(dOPERiY, ~ ~ ° = ~ ~9 2 5 9 5 ~ ~,r~,~, a~ ~1S ~ 1977. ~ - . ~ ~ tA V eFif.GF ~flE?t;f _ P.B.~9o~~t ~ ~~KSti''~sCa~, ~ ~ ~ ~ ~ ~ rogether with aIl and singular the tenements, hereditamenn and ~ppurtances thereuMO belaging a in snywise +ppeN+inirg tF~ereto, and all r~nri, issws, s~ proceedi and profits xcruing and to accrue from said prcmises, all of which ~re included in the sbove and forayoirg desuiption and habendvm. ~ TO HAVE AND TO HOlO the sbove deuribed snd yr+mcd premises unto tfi~ said MORTGAGEE, iu successors and ~uipns forw~r. Md ttw s+id ~ MORTGA;GyO~R ~fo~~ t~ir-__ executors, sdministratort and aisigns, hereby coven+~h with the said MORTGAGEE, iri successors ud ~s~i~ru. - fhat -`1+-'~°~-='~ e - lawfully se~:ed of the said premises in fee simple: that tFw ssme ~r~ free, clear and d'ucharged from all lie~s Md encwr~ - brances in law o~ in equity, and that~ will and their heirs shall wsrrant ~nd defend tM tiil~ w tM ~sme to the said - MORTGAGEE, its successors and aupns, torever ay+inst the lawful claims and demandi of all perwro; ~ PROVIDED, AlWAYS that if the MORTGAGOR shafl piy u~to the MORTGAGEE the promissory not~ hereinbefwt described ~nd shall frvly, promptly ~ : and fully perform, diuhar9e, execute, compkte, comply wirh •nd ebide by esch and every the i~ipulatia+s, ayretrnenn, conditian ~nd toven~nq of a~id ~ y;; promissory note and of this Mortyage, then this Mwtgaye and the Estate bereby ue+ted aMll uas~ and be null ~nd void. ~ 5~~~' IT IS UNOERSTOOO that the word "Morty~go~" whether in tFa •ingular a plwal snywtwr~ in this Mwtya~, ~hsll b~ sinyula if on~ only and ~ ~ shall be plur~l jointly and sever+lly if mw~ tMn or?~, and th~t the word "the'a" ~s used anywhe~e in th~s Mortppe sh~lt b~ t~ken to en~an "his," "hen;' ~ or "its;' wheres~er tht context w impliet w admits. Also, that wherever thera is • referenc~ in ~Fw coven+nn ~nd ayreemenn herein oooairwd to sny oi fhe pa?tiss herero, fhe s~me ahall be construed fo mean a~ well as the lxirs, leyal rep~esentatives, tuccesson ~nd asti~ro (eitl+N voluM~ry by act of tM partief or involuntary by opentio~ of the law) of the sar?K and that the covenantt hen~n cont~ined ihall bind and the berkfiri and sdvantayes inun - to the respective h~in, le9al represent~tives, succeuors and ~u~yns of tM parties hereto. Md said Mortqagws, fo. themselves and their heiri, legal represem~tivcs, successas ~nd ~uiyns, hcreby joiMly and s~verally covtnaM ~nd apr~e to snd with the said MORTGAGEE, it~ successors a~d ~uigns: ~ P ndry Y paYablt by virtw of iaid promitsory rat~, and this 1. To pay ~II ~nd ti ular ths mci •I and intere~t ar~d the wr'aus and w tums of mone monype. ~~ch and wery, promptly on tF» d~yt respect~v~ly the ssme sever~lly become dw. 2. To pay •11 •nd ~inpular the taxes. assessmenb. Iwie~, li~bilities, obl~y~tion~ and tncvmbrances of every n~tun a?d kind now on said dewibed ~ p~operty. or th~t hereafi~r may be impwed, su~ferd, plxed, kvied, a~usssed thereon, a tMt hereafttr ma~ b~ levied or ~ue~sed upon this Mort¢ -=H~ sye, w the ind~bted~eu ucur~d Mrsby. fKFI ~l1d ~VN~I, when dw ~nd payable, xcordinp to I~w, befor~ they becan~ deli~qwnt, ~nd b~fon ~ny inhrat nttaches w+ny penalty is incurred; AND INSOfAR AS ANY iHEREOf IS OF RKORD TNE SAME SHAII 6E PROMPTIY SATISf1E0 AND DtSCMARGED Of - RECORO AND iHE ORICaINAL OFfICtAI DOCUlNENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OFFICIAIIY ENDORSED OR CERTIFIE~) SHAII BE PlACEO IN iHE NANDS OF SAID MORTGAGEE WITHIN iEN DAYS NEXT AFTER PAYMENT; and in the ev~nt thst any therwf is not ~ pa~d, s+t'sfied snd discharged fa:d MORTGAGEE may at any time pay ti~e same o? any part thereof without wsivi~g w af(ectirg ~ny optio~, lien, puify or + •~aht under or by virtue of Ihis mortgsye and the full amount of each and every svch payment iF~alf be immedi+tely due and payable and shall bear interest ~ <<om the date thereof until paid at rate of nine per centum per •nr um and toyethero with such interest shall be secured p~ ~ Q I~~ o~ th:s moryu~t. I R h ~ .7 - BCOK 1~8 F,lC~1 1~ . ` . ~ : x,