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THI$ INDENTURE. Made the_ 2nth day of Janua ry A.p. 19 72 be?ween
Frank W. Race, Sr. anc? Darothea E. kace~ his wife
of St . WC1E' County ~lor+da. hereinafter deagna~ed as fhe "MORTGAGOR." and fIRSi FEDERAI SAVINvS ANp IOAN
ASSOCIATION OF fORi PIERCE, a corporsi~o~ o~panized snd ex~s~ing unde~ thc laws of fhe Un~ted Statos ot America and hevinp in pr~ncipal place of
~.~s~neu in the Ciry of fon P,erce. St. Lucie County, flaida, hereinaher de~~gnated at the "MORTGAGEE."
WMEREAS the MORTGAGOQ is justly indabred to the MORTGAGEE in the sum of S 13f 50~~~ , good and lawful money of the Un:ted +
~rares advanced by the MJRTGAGEE u~~o the MORTGAGOR, as ev~den~ed by e ce~iem p~omisswy nae of even dau herew~~h, of wh~cA the foilow~ng in
.tiorda and figures is a true copy, to-wit:
i 13.500.00 ~ 3_1~,853
Fon Pieres, Florida, Januazy 19 72
Fw val~ received, I, we or eithe~ of ~s, prom;se to pay, wirho~t defaica+ion, to ~he order ef FIRST FEOERAL SAVINGS ANO LOAN AS50CIA110N Jf
~:~RT PIfRCE at Fort P~er~e, ftonda, ~he sum of s_ 13+ 5~.~ ,.,~,,th interest fro:n date at tFx rate of8~~ '~o per annum, in moMhly in.:alb
~:•~,ra as fol~ows: b_~ 3O on thr 1 St day of rCh 19__ 72 and a like sum on ihe cwrespond~ng day of each month the~e-
.+'~r• urtil the whole be fully paiti.
Each inz~atlment Iirst shall applird ~n payment of the interest and then on the unpard balance of rhe p~in~~pal sum. If d ault is made in the
.•;ment pf any instal~ment when due, and such d~fauh continues 30 days, then at the oph~n of the hotder, and witho~t any oth~r notice. atl the remaining i
:.~atu~ents shall be doe and payabie at once. Prrvilege is givzn to prepay this note in whote w in part ot any t~me without penahy. Neitt~er forebearance,
~~o~ acceptance by the holder thereot after any detault in any payments hereon. shal! be deemed exrenscon. A~are paymem char9t of 5~-~--_, sMll be
:tci_d fo each iy~stallmen! remain~ng unpa~ti 7 oays aTter in due oeir, a~l a~~.e >um she:i be ad.a.e~ :o ra:!: s:::h i.^.s~a!Iment rema~ning unpaid 7 days aftEr
..~~i, a.,icae3i~ H,:yment date. ;f
Each n~aker, surety and endorse~ hereof, jointfy and aeverally, wa~ves demand, presentment protest and noTice of protest for nonpayment, ant! furthe~
.+::~ees ro any exrens~on of nrtx of paymenf, eifhe~ before or af~er mawnty. wi~hour not~ce io any o! us; and ro pay atl costs of collecreon, mclud~ng a
~.;sona~ie arromey's fee in the event of any riefauh hereunder, and hereby seve~a'•ly wa~ves al~ benef.t of homestead and exempt~on under the tonstitution
~~c~ taws of each State of the United STares, as against this obl~ganon or any exrerts~on ar renewal hereof.
Witness the hand and sea~ of each party.
s/Frank W ~ Race. Sr . (SEAL)
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Rcc~rr~a p,ar.~E~r af Tu~a cs~nu
DiIE OM ~'C N1t~t~C?~tE K~~t PR~QERrr, 5~~'othea E. R ace ~A~~
j20.25 ~ ~~q )I•13i. ACtS OF 1971. (SFAtI
- ) S+ate Rever~~~OGER /~diTti~?Y. (~trt Cn:utl Gor!L SL ly;,k Co. fii
NOW, THEREFORE, the MORTGAGOR for the purpoae of securing payment of said s~m of :I3, 500.~
, end the performa~ce of the~
covenanb and agreementa hereinafter expressed, antl for di,rers good and valuabte considerat~ory, by theu presenrs, doea grant, br.gain. sel:, remise,
~~~rese, convey end confirm unto ~he M~RiGAGEE, its succeuo.s and auigns, ati that cenein lot, piece w parcel oi land, situate, lying, and being in the
:.ounty af St _ I,d1C le ~ and $tate of flw~ds, dew~bed as foiiows:
:,ot A, Rlock 26, PINEWOOD SUBDiVISION, as per plat thereof on fil•e in Plat Book S,
-~age 2~, Public Records of St. Lucie County, Florida, LESS AND EXCEPI'ING ?NE FOLLOWING:
Beginning at the common corner of Lots 9, 10, I1 and 12, of saic~ Block 26, zun
southeasterly along the line between Lots 9 and 10, 35 feet; thence at right angle~
i
~ run southwesterly 35 feet; thence at right angle, run north~esterly 35 ~eet to rear
~
E Int 2inp; thence noztheasterly 35 feet to point of beginning„/
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c~ ~ D~C`JNfENTA='"--5 ~ l:Z'M1~ T~ X
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' rogether with all and singular the tenemenis, hereditamenri snd appurtances thereunto belonging w in anywise ~ppealaininp fhe?e1o, and ill renri, issves, ~
~ o•oceeds and p~oflh sccruing and to accrue f?om said premixs, all of which are irxluded in the ~bove ~nd for ~ deuri tion snd h~bendum.
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3 TO HAVE AND TO HOLD the ~bove described and granted premises umo the said MORTGAGEE, iri succdso?s snd ~uiqro fwev~r. And tM s+id
their
MORTGAGOR fw heirs, executon, sdministrato.s and assigns, hereby covenann with the said MORTGAGEE, its successon snd asipro,
the are -
- 'na+ -y - lawfully x~:ed of the sa~d premises in fec simple; that the ssme a•e free, ckar ~nd discharQed from ~11 (ieru and encum-
~rances in law or in equ~ty, and that they M,~p their hein shalf w~nant ~nd defend ti?e titk to the s~me to ths a+d
MORTGAGEE, its successors and ass~gns, forever agairut the fawful cl~ims and demands oi •II persons;
~
_ PROVIDED, ALWAYS that if the MORIGAGOR shatl pay unto the MORTGAGEE the promissory rate hereinbefwe described ~nd ahall huly, promptly ?
and fully perform, d~uharge, execute, complete, comply with and ab~de by each and every the stipulations, agreements, conditio~s and covenants of taid
' vromi:sory note and of this Nbrigaga tben this Mortgage ~nd the Estate hc~eby uested sball cease ~nd be nult snd void.
' IT IS tlNDfRSTOpD that the ward "Mo?tgagor" whether in the singufar w plursl anywhere in this Mortgaye, shatf be singvi~r if or+e on{y ~nd
snall be pfural jointly and uverally if more than one, and that the wwd "their" as uted ~nywhere in this hbrty~ye shall be t~ken to me~n °hia;' "hen,"
- or "its," where~er Ihe contexr so impties or admits. Alw, that wherevtr there is • refe:ence in the cover~ar.ts ~nd apr~err~enri herein contained to ~ny of
~i,e parties hereto, the ssme shall be conafrued to mean as well ss fhe heirs, legal represenfatives, successo?s and auiyrn (either wlunfary by ~ct of the
parties or involuntary by operation of the law) of the same and that the covenants ixrein contained shall bind ~~d the benefin end adv~nrayes inure
~ ~o the r±spective heirs, lega! rcpresentatlves, successws and au~gns of the parties here:o.
_ And sa;d Nbrrgagors, fw themxlves and +heir heirs, legal represen~afives, successcrs ~nd assigns, Fwreby jointly and sever~l~y cwenant and apree
ro arxl with the sa+d MORTGAGEE, its successws and essigns:
1. To pey aif •nd s+~gular the p~incipal and ineerest ~nd the various and sundry sums of money pey~bie by virfue of said promissary note, ~nd th'ri
` morrgsga each and erery, promptly on the days respectiveiy the same severally (xcortie due.
~
- 2. 7o psy ell snd singuls~ the taaes, assessments, tev~es, liabilities, obligations and encumbr~ncd of evcry neture snd kind now on s~id defcribed
' aroperty, w that hereafter may be imposed, svffered, pfaced, levied, or assessed the?epn, w that hercafter may be lev~ed or ssussed upo~ this Morty-
; a~e, or the indebtedness secured hereby, exh a~d every, when dve and payable, xcwdiny to Isw, befwe they become delinquent, ~nd befo~e ~ny interest
a~taches or any penalty is incurred; AND INSOFAR AS ANV iHEREOf !S OF RfCORO THE SAh:E SHAIl 8E PROMPTLY SAi15FIED AND DISCHARGED OF
RECORD AND THE ORIGS?vAl OFfICIAI ~OCUMENT (SUCH AS, FOR INSTAtVCE. THE TAX RfCE1~T OR THf SATISFAC710N PAPER OfFICIALtY ENDORSED
° OR CER;IFIEOi SHAII BE DIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMEN7; and in tht event that •ny th~reof is not
s", ; a~d, sar sf~ed and discharged sa d MORTGAGEE may at any t~me pay the same a any part thereof wirFwut waiving or affecting any option, lien, eq~ity w
: nqhr under w by v~rt~e of this morrgage and rhe fvl7 amovn! of each and eve•y such payment shall be ~mmed~ately due and p~yable snd shall bear i~teres~
'rom ihe date theceof until pa~d a~ rate of ~~ne per cent~m per annum and toeet~er~/~~th interest sh~ sec~red by tF.~ lien of th:s mor9taye.
~ E;:~. "r',1CE
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