The URL can be used to link to this page

Home My WebLink About1318 . . . ; lGNGrt~a~.7`:t ~ . ~ M TH15 INDENTURE, Mac~i the 2nd day of Februa A.D. 19?? b~tweM l.eonazd H. Schilke and Ethel 1.. Sc il e, h s wife ' of St . Luc ie ~ CWnty Fior~da, hcreinafta det:gnatcd ~s ~he "MORTGAGOR," and FIRST fEDERAI SAVINGS ANU IOAN A$$O~IATION OF FORT PIERCE, a corporation orq~nized and exiitiny unde? the bws o~ 1he Unitcd StatQS of America and Mvinp ib ptintip+l pl+c~ of bus~neis in tM Ciry of Fwf PiKC~, St. lucis County, Florida, hereinaher desipnated a~ tM "MORTGAGEE." WHEREAS tM MORTGAGOR is jui+ly indebred to the MORTGAGEE in the sum of i 38 s 0~ • 0O good and lawiul monty of fhe Un~~ed Srates advanced by the MORTGAGEE un~o the MORTGAGOR, as evidenced by a certam promissory note of even da~e herew~th, of wh;ch ths tollowing in wo~ds and fi ur~s it a trus copy, to-wit: = 38,00~.00 ~ 3-1~,914 ~ Fort Pierc~, florid~. February 2~ 19 7Z fw value receivcd, I, we or either of us, prom~u to pay, without defalca~~on, to the orde? of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATtON OF FQRT PIERCE at fat Pierce, Fio~ida, the sum of S 38a0~•0O w~th interest from daee at the rate of 7•75b per annum, in monthly install- ~-~ents as fol!ovvs: S 3~•0O on the 1 St d~y of Apr i 1 19. 72 and a like sum on the cwrespond~ng dey of each month there- a`!er until the whole be fully paid. Each ~nstallment first shall be app~~ed in payment of the inteiest ~nd then on the unpaid balance of the p?inc'pal sum. If d ault is made in the Fa,ment of any installment when due, and wch defauh continues 30 days, then st the option of the hotder, and w~tFaut any other not~ce, all ~he remainf~g ~ :~:sfallments shail be due and payable at once. Priv~lege is given to prepay this note in whole w in part at any t~me without penalty_ Neither forebeara~ce, t p^ i no. acceptance by the holder thereof after any default in any payments hereon, shall be deemed ektension. A late payment charge of 5-~-~-~G sh~~~ be added +o each ins~allrrKnt remainirx,~ unp~~d 7 days aher its due date, and ~ I~ke sum shall be added to each such insraltment remaining unpaid 7 days after each sutceeding paymeM date. Each maker, surety and endorxr hereof, jo~nt~y and severtlly, waives demand, p~esenrment protes~ and ~otice of prote~f fw nonpayment, and further ag.ees to any exteniwn of time of paynxnt, either before a aiter matu~ity, without notice to any of us; and to pay all costs of coilection, includ~ny a ~~~~sonabie atto~ney's fee ~n the event of any default hereunder, and Fxreby seve+ally waives all bcnefit of homestead and e:emption under tF+e constituta~ a:~d Iaws of each State of the United States, as against this obligation or any extensian a renewat hereof. Wit~ess the hand snd seal of each party. b` RECEtvED Z.~~ gonard H. Schilke (SEAL) ~ IN FAYk~ENT OF T~S (SEAt) D,rE ON dASS 'C tNiAKGIBIE PE4"~;+~Al. PR~PfRTY, s/Ethel L. Sch i lke RlRSt1ANT 10 GiAPTER 71-I31. ACtS Of 1971. ~~l) S 57 .00 ~ POITWIS~ Ckrk Gttuit CwtiR SL Lutia Co. Fla. (SE/?U State Reventre ~ ~ ~oc~1L NOW, THEREFORE, the MORTGAGOR fw the purpose of secu?irg paymcnt of said sum of S 38 0O „ and the petformante of the covenants and agreementi hereinsfter exp~essed, and fw divers good and valu~ble considerat~ons, by these p+esents, does grant, baryain, sc11, rem~se, -elease, convey and conlirm unto the MORTGAGEE, its successors ~nd assigns, sll that ct~tain lot, piece or parcel of land, situate, lying, and being in the County of SE. Lucie end St+te of Fbrida, descr7bed as follows: 3egin at the rortheast cozner of Lot 122 in G.IRDEN CITY FARMS, a subdivision of Sectivn S, Township 35 South, Range 40 East, as zecorded in Plat Book 2, at page S, in St. Lucie County, Florida, public records; thence run South a distance of 3J feet for Point of Beginning; thence run West on a line paralleling the North ~ line of said Lot 122 to the East right of way line of Angle Road; thence Southeasterly ~ f along the East right of way line of Angle Road a distance of 180 feet, more or less, i R to the South line of the North 1/2 of above Lot 122; thence East to the East line of ~ f said Lot 122, thence North to point of beginning, excepting the East 30 feet of Lot 3 # ~ ]32 to be used for road purposes, and excepting the North 30 feet thereof, ~ R f l y W L7 1~1 ~ L_ ~ L. ~J 1\ 1~J i~ ~ v ~ ~ .,J.';:~"'"l~f~` _ ~ j;,;'p j ~ a > ~ _ y ~ _ _ p ~ ~ - F~6-rn ;'p:~- ti , . _ , ~ ~ ~ = zT~~~~~=15 700- ~ N UE7T.f3f C[iFiUE~'~':•~q - ~ _ - F ~.itu~?t ~ rogether w~th all ~nd singulu the tenemcnts, herediumenn and ~pp~n~r+ces thereumo belonginy w in anywise ~pperl~inin~ M~ereto, and all renb, iuue~. ~ p.oceeds and profin xouing and to sccr~e from said premiaet, all of which ~re included in the above and fore9oirg dewiption ~nd Mbendum. ~ TO HAVE AND TO HOLD the above described +nd yt~nted p~emises uNO the iaid MORTGAGEE, its succeswrs u+d ~uiyru forever. Md tht said r ~.~ORTGAGOR for hein, executon, administr~tors and •ssigni, hereby cwenants with the t+id MORTGAGEE, in avcteswn and ~ssipro, ~ ~h are rhar ~K lawf~lly seized of the isid premises in fee simpte; that th~ same are frse, ckar ~nd dischuped from all li~ns uid encum~ °J3 brancn in law or in equity, and that they w~~~ thei r ~~n ~hall warrant aod def~nd tM title to tM tame fo tlw said MORiGAGEE, its successors and augns, fwever ~yairot the I~wful claims and dem~nds of sIl persons; z PROVIDED, AlWAYS thst if fhe MORTGAGOR shall pay unro the MORTGAGEE the promisswy note F?ereinbefore dewibed and shall huly, promptly _ and fully perfwm, d~scMr~e, e:ecute, tompkte, comply wi?h and ~bide by e~ch u~d every the stipulatiwu, syreements, conditaro and oovtnanfs of uid promissory rate and of this Mortg+pe, then this Mortgag~ •nd the Estate hereby ueated th+ll ceas~ and be null and wid. IT IS UNDERSTOOD that the wwd "Mwtg~gw" whether in !he singul~r a plw~l ~nywhere in this Mwtyafle, shal{ be sirp~lu if on~ only a~d - shall be plural jointly and severalty if more than o~e. ~nd that the wwd "tF~e~r" as used anywher~ in this MortQagt shsll be taken to mtan "his,•••'hers•• or "its," whcreve? the context ~o implies or ~dmits. Also, that wherever there is • reference in tht covenantt snd pretmenri herein oont+i~d to ~ny of - rhe parries here~o, the same shall be construed ro me~n as well as the heirs, le~al r~presenutives, successo.s and ~ssi~ni (either volunury by act of tlk = parties or involuntary by operation of the law) of the same s~d that the covensnts herein contained shall bind and the btnefits ~?d adv~nt~p invrt ro the respedive heirs, le~al rcpresentstivet, successors snd au'yrn of the p~nies hereto_ - And said Mwtysgors, fw themselves and their heirt, lepsl ~~presentatives, tutcessors and aui9ns, hereby joiMly and sev~r~lly covenant and apree fo and with the said MORTGAGEE, its successas ~nd ~uigns: . ~ pay sll ~nd sinpvla? the principal snd interest ~nd the various and sundry iums of rt~oney payable by virtue of said promiisory note, snd this 1. To morty~e, each ~nd every, promptly on tht days respectively the same sever~lly become due. 2. To pay atl and s:nguls~ the tsaes, atsessments, lev'~es, liabilities, obli9ations and ena?mbrances of every naru~e and kind now on seid detcribed property, or that he~esfter msy bt imposed, wffered, placed, kwied, or assessed thereon, a that Fiereafter may bs lev7ed w~uessed vpw~ thir Mort~- age, a tht indebtedneu tecvred heaeby, each and every, when due and payab~e, accordirg to law, before they become delinq~ent, ~nd befwt ~ny inttrest at~aches w any penalty is incurred; AN~ INSOfAR AS ANY THEREOf IS OF RKORD THE SAME SHAU dE PROMPTIY SATISFIED AND ~ISCMARGED OF REtORD AND THE ORIGINAL OFFICIAt OOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPi OR THE SATISFACTION PAPER OffICIAIIY ENDORSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAIO MORTGAGfE WITHIN TEN UAYS NEXT AFTER PAYMENT; and in the event thst any thereof is not oa~d, sat"sfied and discharged ss:d MORTGAGEE may st any time pay the same a any part thereof without waivirg or a(feainy any option, lien, equity w _ •~yht under or by virtue of this morrga9e and the full amount of each a~d eve~y such payme~t shsll bt irtwnediately due and payable and shall bear ioterest ? s.om the date thereof until paid at rate of n~ne per centum per annum and~o~Rt /~s~~~~ shall be iecured by the lien of th:s morytpe. _ " IJIJ ~7 800K~e ~ ~ ~ ~ . . z . _ r. a:.