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THIS INDENTURE, INad~ tM 13th day of JanUdl A.D. 19 72 betw~en
williaa N. Pierce and Vina Pierce his ~rite and
Max Pierce and Betty Pierce. his wife
of St • i'UC i@ County Ftorida, FwreinaftK designated as the "MORTGAGpR; ' and FIRST FfDERAI SAVtNGS AtvD LOAN
ASSOCIATION OF FORT PIERCE, a capwalia+ orpan~:ed and existing u~+dar the laws of the United Stat~s of America u+d Mving its pri~cip~i placs of
butinea in th~ City of fw1 PiKC~, St. tuc~e County, Fbrida, haeinafter detpnated +s th~ "MORiGAGEE:'
WHEREAS tM MORTGAGOR is ju~tly indrbted ~o the MORTGAGEE in the sum of i 15l.~0'~ 9ood and lawful money of the Un;ted
Srates sdvanced by the MORiGAGEE unto the MORTGAGOR, as ev~denced by a certa~n prom~uory no~e of even date her~with, of wh~ch the follow~nq in
~vordi and figuret is a trw copy, to-wit:
z 15~~00 ~00 3-I7i828
~
Fort Pieres, flaida. `~~n~Zy 13 1972
Fw v~lue received, 1, we w either of u~, promise to pay, without defalca~ion, to the order of FIRST FE~ERAL SAVINGS AND IOAN ASSOCIATION OF
4 FORi PIERCE at Fort Pierce, Flwids, the sum of = with interes~ irom date at ~he ~ate of ~~6 per annum, in monthly ins~all-
men~s as fol!ows: S 181 w? the 13t day of ~y , 19 72 and a t~ke sum on the cwrespond~op day of each month there-
after until the whols be fulty paid.
Each instal'ment first shall be applied in payment of the interest and then on the u~paid balance of the princ:pal sum. If d sult is made in the
payment of any installment when due, and such defauit continues 30 days, then at tne option of the holder, and without any other notice, alt the remaining
w' ~nsrallmenfs shall be due and able at once. Privil e ia ivert to e this note in whole w in rt at an t~me withou~ nal Neithc~ fwebearance,
~ PaY ~9 9 W PaY Pa Y P< <Y-
nor acceptance by the holder thereof after any default in any paymenls Fxreon, shall be deemed extcnaion. A late payment tharge of = 9~O5 sha~l be
~ added to each installment remaining unpaid 7 days aftet iri due date, and e like sum shall be added to each such installment remaining unpa~d 7 days after
~ each s~cceeding paYmeN date.
Each maker, surety and endorur hereof, jointly and severally, waivea demand, presentme~t protest and nat~ce of protest for ~anpsyment, ~nd furtF+er
aorees to any eatcnsion of rime of payment, either beFore w after maturity, without not~ce to any of us; end to pay all costs of collection, includ~np a
reasonaole attwney's fee in the event of any default hereunder, and hereby severally wsives all benefit of homesread and eaemption under the ca+stitution
` and laws of cach State of the United States, ~s against this obligation or sny extension a?enewal hereof.
\
~ W~tne:s the hand and seal of each party.
s/ willian H. Pierce (SEAu
s/ Vi~a Pierce ~Ai~
~ s/ Max Pierce ~w~~
s/ Betty Pierce ~
' ( 22.50 ) St+te Revenue
(St~cic~oralled m. nipi~~l l+o:v~
; NOW, THEREFORE, the MORTGAGOR for the purpose of securinp psyment of said sum ef j 15 ~~0 and the pe~fwmance of the
~ ;ovenanb and sg.eements htreinafter expressed, and fw diven good and valu~bte considerations, by these presents, does grant, bar9ain, sell, remiu,
release, convey and confirm unto the MORTGAGEE, iri sutcesaors and auiyns, atl Ihat cenain lot, piece or pucel of land, situate, lyinp, ~nd beinp in tM
County of St • i't~ i@ and Stat~ of Florida, desvibed ~s follows:
Lots 19 and 20 (excepting the North 10 feet of Lot 20) Block 2~ KILLBR AND
DE~ER'S SUBDIVISION, as recorded in Plat Book 2~ page 10, Public Records
of St. Lucie Co~ty, Florida~
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t~GER POIT~AS. Cluk Ch~'rrlt Co+R A t~ Co. Fts.
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" rogether with all and sirgula? the tenements, hcreditamenq and appurtances thereunto b~longir~ w in anywise appertaining tF+er~fo, and all rents, iasues,
~ proceeds ~nd p~ofits xcruing snd to acc?ue from said premiies, ell of which are included in tM ~bove and fwsyoirg destriptan and Mbe~dum.
~ 10 HAVE AND TO HOID the +bove deuribed and qrantcd premises unto the said MORTGAGEE, its succeswn snd usiym fortvN. Md tF» Nid
~ MORTGAGOR fw Mirs, e:ecutors, administrators and assigns, hereby covsnanri with the said MOATGAGEE, ib wcctsson ~nd suipro.
~ rhat -~~y-~$-- Iawfulty seized of the said premi~ss in fe~ simple; that tl» s+mt ~re fr», clear +nd d'acMry~d from ~II li~ns and ~ncvm-
' brances in law u in equity, u+d that thev W;~~ tt1@~t hein shall wunnt and defe~d the titl~ to th~ sarn~ to th~ ssid
~ MORTGAGEE, its succeuwa +nd ~uiyns, faevn against tM tawful claims aod drmands of •II persoro;
PROVIDED, AlWAYS that if the NIORTGAGOR sh~ll pay unto the MORTGAGEE the promisswy note hereinb~for~ described and shall tr~ly, promptly
- and f~lty perform, d~xMrg~, execure, compkte, comply wirh and ~bide by e~ch and ~very the sripula~ions, +greements, conditaro and coven+nn of said
- promissory note and of this Mortya9e, then thi~ Moriyage and tlx Estate hertby ueated shall uas~ snd b~ null ~nd wid.
IT IS UNOERSTOOD thaf the wwd "Mortypor" whether in tM tinyular or pla?~I anywhert in this Mort9s~e, shall b~ siryular if on~ only aed
• ahdl b~ plural jointly ~nd stver~lly if mon tha~ one, and thal 1F~e word "their" a~ used anywhert in tl?ia Mwt~+Q~ shall b~ tak~n to mssn "his:• •1+trs••
'`t or "its:' wherever the context w impli~s w admits. Alio, tMt wherever there is a referenc~ in the covtn~nn and aynemenb Mr~i~ contain~d to any af
~ rhe p~nies hereto, the same shall b~ cautrued to mean well as th~ he~n, lep+l r~pre~entatives, waeua~ and auiyro (~itF~ voluotary by ~ct of tM
parties o~ involun+ary by operaYan of the lawy of the ssme and that the covenantt herein contained sh~ll bind u~d tht benefib and advantapes inw~
to the respective heirs, legsl representatives, successon ar+d au'yns of the pahits he?eto.
~ And said Morfpago?i, fw themselves ~nd their IKirs, ley~l r~present~tive~. ~ucceisors and ~uyns, hercby joimly ~nd s~verally covenant ~nd apr~e
- ro and with the s~id MORTGAGEE, its successors a~d +~sig~s: .
4' 1. To paY all and sirgul~r tM principal and interest ~nd the v~rio~~ ~nd sundry ~ums of moneY paYablt by virtue of s~id promis~ory not~, and ihis
mortgaye. each a~d every, promptly oe tF» d~ys retpectivsly tM iamt s~wraily beconw dw.
2. To pay ~II and singul~~ the taxn, ~suum~n», levies. Iiabilities, obtiyations and ~ncumbranus of wsry n~wrt and kind ~ow on said d~scrib~d
property, o~ th~t hereafMr may be irnposed, s~flered, plxed, levied, w ~ssessad thenon, or thst hersahtr m~y b~ Ievi~d w aisetssd ~pon N+a N~w1¢
ags, a tM indsbted~ea secured her~by, tach +nd wery, when dw ~nd paysble. ~ccwdinp eo law, b~fore they becwn~ delinqwnt, and befoer u~y inter~st
r~u attaches or any penaNy is incurred; AND INSOFAR AS ANY TNEREOF IS OF RKOR~ THE SAME SHAII BE PRO1NPTlY SATISFIED AND DISCHARGEO OF
= RECORD AND THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACiION PMER OiFIC1AllY ENOORSEO
OR CERTIfIED) SHAII 6E PUCED IN THE HANDS Of SAIO MORTGAGEE WITMIN TEN OAYS NEXT AFTER PAYMENi; snd in the svsnt tl~at ~ny thereof is not
paid, saYSfied and discharged sa:d MORTGAGEE may •ny time pay ths same or any part thercof without w~iviny a affecting any option, lien, puity or
~~aht under or by virtue of this mortgage ~nd the fu~l amount oI e+ch ~nd everY such payment shall be immediately dve and payable and sFull bear intN~st
q ~.om the date thereoi until pafd ra~e of n~ne per cemum pe~ annum and toqether ~~t~ • est shalf by the lie~ of th:s mor9ta~.
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