The URL can be used to link to this page

Home My WebLink About0760 223006 THIS INDENIURE. Mad~ the 26th day of Januarv A.D. 19 ~2 bctween Stanley R. Bosgman and Bthelebba Borgcuan, his wife of S~ . I.tiCl@ Cp~~ty Flaid~, hereinafter desig~utcd as th~ "MORTGAGOR," and FIRST fEOERAL SAVINGS AND l0/?N ASSOCIATION Of fORT PIERCE, a co~poratioe~ wganized and ex~~tiny undcr the laws of ths Un~tcd Su~ai of Americs ~nd haviny its principai place of busineu in ~h~ City of fat Pi~rc~. St. tucie Cou~ty. Flwid~, herein~her desi~nated as the ':MORTGAGEE:' WHEREAS tM MORTGAGOR is juslly indebted ro tM MORTGAGEE in ths sum of S 25' 8~• , good and lawful money of the Un ted States advanced by the MORTGAGEE unto the MORTGrAGQR, as evid~nc~d by a te~ta~n promissory note oF even da~e herewiih, of which the (ollowing in nordi ind figurss is s trw copy, ~o-wit: , s25,800.00 ~ 3-17~875 Fo.r P~e.~e. Fia~da. Januar y 26 , _~v 72 fa value received, I, we or either of us, promise to psy, without defslcatcon, to the o~der of FIRST FEDERAI SAVINGS AND tOAN ASSOCIA110N OF FORT PIERCE at Fort Pierce, Flwida, ihe sum of j 25 ~ 8~0. ~0 w;th inte~est from datc at the rate of 7• 7~ pe? annum, in monthly ins~ali- r~ents as fo~lows: S 212 o~ the l~t d+y of ~=Ch 19 72 and a like sum on the cwrespond~ng day of each month the~e- afrer umil the whole be fully paid. Eath installment first ahall be applird in payment of the interest and then on the unpaid batance of the princ;pal sum. If d ault is made in the rayment of any ins~atlment when due, and such defauh continues 30 days, then at the opt~oo of the holde~, and without any other notece, all the remaini~g ~nstallments shall be due and payabte +t once. Privilege is give~ to pr~pay this note in whole or in pa~t at any time without penalty. Neither forebearance, nor acceptance by the holder thereof aftcr any default in any payments hereon, shalt be deemed exrension. A late payment charge o( S l~• 6O sh+~~ be ~dded to each installment ?emainirg unpaid 7 dayi after iri due date, and • like sum shall be added to each such insrallment remaining unpaid 7 d+ys after each succeeding payment date. Each maker, surety and e~dwser hereof, joimly and severally, waives demand, prcuntment protest and nonce of protest for nonpayment, ~nd funher agrees to a~y extens~o~ of time of paynxnt, either belore a after matur~ty, wirhout nonce to any of ua; and to pay all costs of colleceion, includ;n9 • reasonabk attorney's fee in the event oi any default he~eunder, and hereby severally waives aSl benefit of homestead and exemption under the ca+ititution and laws of each State of the United States, aa against tAis obligation w any exrension or renewai hereof. Waness the hand and seal of each party. s/ Stanley [t. Borgman ~~i~ (SEAU (SEAL) s Ethe lebba Bozgma?n ~ 538.70 t Statt Reven~a - t~~c aiavHed ssadyi~r~eeu NOW, THEREFORE, the MORTGAGOit fw the pu?pose of securing payment of said sum of = 25~8~.00 ~nd tF+e pcrformance of the covenants and agreements hereinafter e:p.essed, and fw d~vcrs good snd valuabte cons~derations, by these presents, does grant, bargain, sell, rem~se, retease, convey and confirm unto tF+e MORiGAGEE, iri successors and assignt, sll that certain {ot, piece or parcel of land, aituate, lying, and beirg in the County of St . i'uCie and State of Florida, described a~ fdlows: ~ i f Lots 5 and 6, Block 15~ RIVER PARK UNIT +~2, as pez plat thereof ~ i F S on file in Plat Book 10, page 72, Public Records of St. Lucie j County, Flotida, ` ~ < < ~ t ~ w S~i!-~1~to~~-.LU~21?JA ~ c~ ~ DOCU,v,E~lT~ ;S T,: ~~iP TA Y ~ ~ J~N31'72 _ ~ ° - ''=3870- : v~ v n~t.ot r~~.~,~~- ~ = ~ S/_ ~ o ~ P.B.~9o~~z = ac~r„cv- ~ - ~ ~.tFs ~ . • a'.. , ~ . : _ ~ - . ' ~v~~ ~ F+,- ?r? T~K .i 1SL, i ~ ~h . n t^ YC':~•'v~~ .r!T`1!! .t. L~~!: .+jr ~ ~ i ~ ~ rogether w~th all ~nd singular ~M tenem~nn, hereditaments and ippurtances fl~erevnt0 b~lagirg w in snywise appertai~irg thereto, ai+d all rents, issues, proceeds and profin scvuirg and ro ~ccrue from said prrm'nes, all of which are incl~rded in the alww and forparg description ~nd Mbsndwn. ~ TO HAVE AND TO HOID tha above dewib~d ~nd yranted p~emises unto the said MORTGAGEE, it~ succesaas ~nd +uiyru iorevK. Md th~ said : f~ their ~ MORTGAGOR fw - - Mirs, executors, adminisrratori and •ssigns, hereby covenann with the iaid MORTGAGEE, ib ivccesson ~nd ~uigns. ~ ~nar _ the1+, are ~~~ully seized of the uid premis~s in fee simple; that tM sarn~ art fre~, clear u+d discluryed froen all liens and ~e~tun~ # ~ b~ances in law w io puity, and that they W,~~ ~ their hein shall wsrra~t ~nd de(e~d tl+~ titb ro th~ ~am~ ro tM said tiAORTGAGEf, in svccessors ~nd au~y~s, forever sp+irut the lawfvl claims and dema~ds of ~II persw~s; PROVIDED, ALWAYS that if tM MORTGAGOR shsll psy unto the MORTGAGEE the p~omiswry nots hereinbefon dewibed snd shall truly, promptly 'w3 and fully perform, diuMr9t, execute, compkte, comply with and sb7de by e+ch ~nd wery fF+~ ~tipulaiwns, ayresments, conditioro and coven+nts of taid promisso~y rate ~nd of this Mortpaye, then this Mat9~ge and the Estate hereby utated shall uase and be null and void. IT IS UNDERSTOOD that the word "Mortyaya" wFKther in the s~rgular w plwal ~nywher~ in this Mo?tyay~, sh~ll bt sinyular if on~ only and shall bt plural jointly ~nd wver~Ily if mor~ 1Mn w», and tMt the word "theGr" as used soywhere in this Mwt9ap~ ihall be taken to m~sn "his,•• ••hen•• ' oc "iri; ' wherever the context w impiies w adn+its. Also, th~t wherover there is ~ nferente in 1M cwen+nq and preements herein contained to ~ny of j"~ the parties h~reto, the same tMll be constrved to mean as wel) u the heirs, leysl r~pesentativet, sutceuors u+d ~ui~ns (~itMr volvntary by act of tM partip w inroluntary by operation of the I~w) of tbe same and that the covenants herein contained shall bind u+d the b~rwfits u+d adv~nqyts inur~ ro the respectiw heirs, kyal rtpresentatives, successors and au~yen of th~ panies herero. ,r:^; Md said Mo~tq~gws, fw themutves and their hein, leyal representstives, s~cuasors ~d ~»iyro, hereby joinNy and sevaally covenar~t and ayrte - fo and with the said 1NORTGAGEE, its succ~ssors and ~ssigm: _ 1. To pay all ind sirgular tM pri~cipal and interest and the various ~nd sundry wms of money payable by virtue of said promiuory note, ~nd this mottp~ge. each and evKy, promptly on tFa day~ resp~ctiv~ly the same sev~rally become dw. ~=c F 2. To pay •II and ~ingvlar the taxes, a~uumen». levies, liabilities, ob~gatiorq and encvmbr~nces of ~very natun ~nd kind now on s+id described ~%i, property, w that hcreaf~er rrNy b~ imposed, wffereA, Pl+ced, kvKd, a assessed thereon, or that hereaftN may b~ lev~ed a assess~d vpon this Maty- ! a9e, a th~ ind~btedneu ucured he~sby, e~ch snd wery, wMn dw ~nd payable. ~ccordinp to law, befw~ they becane delir+qvent, ~nd b~for~ u?y iatere~t ; - ~!ttches or any penalty ia incurred; AND INSOfAR AS ANV THEREOF ~S Of RKORO THE SAME SHAII 6E PROMPTIY SATISf1ED AND DISCHARGED OP RECORO ANO THE ORIGINAL OfFICIAI DOCUMENT (Sl1CH AS. FOR INSTANCE. THE TAX RECEIPT OR THE S/1TISFACTION PAPER OfFICIAIIY ENDORSED ~ OR CERTIFIE~) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEF WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the tvent that sny thereof is not ; . ~`r,^ pa~d, sat"sfied ~nd diuharqed sa:d MORTGAGEE may at ~ny time pay the same o~ any pa~t tF+ereof without w~iving o~ affecting any option, lien, equity p ~ •~qht unde~ w by virtue of this mortgage and the futl amount of euh and every such payrr:ent sh~ll be immcdiately due and psysbk and shatl bea~ inrerest ~t ~rom the date thereof untii paid at rate of nine per centum per annvm and togethe~ w~th suth interest ihall be secured by the lien of th's morytpe. F °cRK1g9 r,~r: 759 = _ _ ~ _ _ " • - - _ , . . . a - _ _ ~ _ . .