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THIS INDENTURE, Made the 27th day of J~ludly A.D. 19 72 b~tw~~n
Roland J. Benway and Grace Y. BenMay, his wite
of St. WC1@ County Flor~d~, he~einaiter designa~ed a~ the "MORTGAGOR;' and FIRST FEDER~I SAVINGS AND !~AN ~
ASSOCIATION OF FORT PIERCE, • corpaat~on apanized and exiiting under tha laws of tM United Stat~~ of Americ~ and havinp iH principal placs of ;
b~siness in tM City of fwt Piace, St. lucie County, Florida, he~einafter desiynated ai the "MORTGAGEE:'
WMEREAS the MORiGAGOR i~ j~ftly indebted to the MORTGAGEE in the sum of S 22 ! 350' 00 , good e~d ~+wfuf mooey of the Un+red '
Srates advenced by the MORTGAGEE unto the MORTGAGOR, as evidrncrd by s cerlain promissory note of even date he~awit~. of wh~ch the followinp in ;
nords and figu~es ia a t~ue topy, to-wit:
s 22, 350. 00 ~ 3-1T, ~9_
Fort Pierce, Fia~d., Januarv 27 ~ ~r9~~
fa value rece~ved, 1, we or either of us, prom~se to pay, witl+ou? defalca~ion, ?o :he ordrr of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
~ ORT PIERCE at Fort Pierce, Flwida, the sum of S 22 a-~ S~• QO w;th interest (rom date af the rate of 7• 5°ro per annum, in monthly install.
~ rms as foIlows: S 181 o~ ~he 1 SL day of ~rCh , 19 72 and a like sum on the cwrespond~ng day of esch moroh there-
` afrer umil the whole be fully paid.
• Each installment iirst shall bs spplied in payment of the interest and thcn on the unpaid balante of the princ~pel sum. If d ault is made in ths
` ; a;menl of any installmcnt when due, snd such default continues 30 days, then at Ihe optio~ of the ho~der, and without any othe~ notice, all the remaining
!mtatlments shall be due and payab:e at once. Privileye is given to prep+y lhis note in whole or in psrt at any tlme without penalry. Nei~he~ fwebeuaoce, ;
. nor acceptance by tix holder thereof after any default in any payments hereon, sha1J be deemed extension. A late payment charye of = 9•
O5 shall be
" ~d~ed to each inatallment remaining unpaid 7 days after its due date, and • like sum ahall be edded to each s~cl~ insta~~ment r~maining ~npaid 7 days after ~
" each sucteeding payment date.
Each maker, surety and endo~ser hereof, jointty and severally, waives demand, presentment protest and notice of p~otest fw na~payment, and further i
agrees to any extension of time of paymero, either beFore w afte~ mawnty, without notice to any of us; a~d to pay all costs of collection, includ~ng s
re~sonable attorney's fee in the event of any defauit hereunder, and hereby severally wa7ves all benefit of hornestead and exemption untler the conatitution
and Iaws of each State of the United States, as against this obligation or any exrension or renewal hereof.
~ Witne:s the hand and sesl of each party.
s/ Roland J. BenKay (SEAL)
\ (SEAL)
s/ Grace Y. Benway
cs~?u
~ $33.60 ~ s~.~e Re~n,~
~ tilants~ai~t~ksssipod~srd •
NOW, THEREFORE, the MORTGAGOR fo? the purpou of securing payment of said sum of S 22.350.0~ and the performance of ths
:evenann ~nd ~greements hereinafter expresxd, and fw diven good and valuab~e cons~derations, by tlxse p?esents, does grant, bsryain, sell, rem~u,
` .e;eaie, convey and confirm unto the MORTGAGEE, its tuccessors and assigns, all that certain IoL piece a parcel of Isnd, situate, lyiny, and beirg in ths +
' Counry of $t . WCle `
and State of Flwida, described follows:
i
~
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Lot 23, SHBRWOO~D ACRES~ UNIT 1, as per plat thereof ~
.
on file in Plat Book 14, page 43, Public Records of ~
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; St. Luc ie County~ Florida, ~
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~ 7> ~7 ~?t co;`~ % a~~ i--=-L._~ tN PAYMQR OF TIO(~
~ ~ V ~~~9 PURSt:AHT TO ChAFTER~
1'•1~3t. AC S'OF`Il71PERTY,
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~ ~ E..~es ~':.it.._~;~ _':;1': ~.Yft~ St. LUti~ CiO. fl~.
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~ rogether with sll and singul~r the tenemenri, hereditanx~ts and +ppurtsnces thereunto belonging or in anywise apperfsinirg thertro, ~od all r~nb, iuues,
"~r.~', ,r«eeds and profin accruing ~nd to accrue from s~id premises, all of which are irxluded in the ~bove and fueyoinp description and Mbend~m.
TO HAVE AND TO HOID the sbove deuribed snd granted premim unto the said MORTGAGEE, its s~cceswn and assiyro forevK. Md tiw sak!
~ MORTGAGOR fw their executors, adminiitrafws and •ssiyns, hereby coven~np with the said MORTGAGEE, its ~va~ssws u+d assipro,
~ ~hat --the~are _ i,wf„iiy xized of the said premises in fee ~implr, that th~ same aro fre~, dear ~nd discA~ryed from all li~ro and enarm~
~ b,ances in bw or in equity, and that th@,~ will and their heirt shall wurant and d~ftnd tlw titl~ to th~ ~arrw to tM ssid
; MORTGAGEE, it~ s~ccesw?s and auigns, fwever aysi~st tM lawful cl~ims and demsnds of ~II persons;
PROVIDED, AlWAYS tMt if fht MORTGAGOR sMll pay unto the MORTGAGEE the promissay note hereinbefw~ dewibed and sMll truly, prornptly
- and fully perform, dixharye, execut~, complete, comply with and abide by esch and ev~ry the stipvlatio~s, ayreement~, caxlitaro snd cov~nants of Nid ~
promi~sory not~ and of this Mwtysge, then this Mortgage and the Estate hereby ueated shall ceas~ ~nd be nulf and wid.
IT IS UN~ERSTOOD tMt tM word "Mortgsgw" whether io tht s~rqular a pl~r+l anywhert in this Mwtyps, ahall be ~inpulu if orn only and
shal~ be plwal jointly ~nd severally if more than ons. ~nd that the wwd "their" ai used anywhen in this Mortyiye sMll be qken to rrw+e "ha;• •'htn;'
or "its;' wherever the context w impliet or ~dmits. Also, that wherever there is • referente in tht twenants •nd a~retmeNS her~in tontsin~d to any of
rhe parties hereto, the same ~hsll be construed to me~n ~s well ai the heirs, le~d ~~preuntatives, ivcceuon and auipns (eithe~ volunary by act of th~
pertits or iovoluntary by opention of tF?~ bw) of the ~ame and that the corenants herQin contained sMll bind and tM b~rKfits aod adwntapes inurt
ro the respedive heirs, leg~l repretentatives, successors and au'yns of the partip hereto.
- And said MwtyaQws, iw themulves and their hein, leyal reprexnlarirq, wcceuors and ~uiyns, hereby jointly snd s~verally coven+nt ~nd apree
ro and with tF~e said MORTGAGEE, its succcssws and assig~s:
1. To psy all ~nd ainpulu the principal and interest and the various ~nd ~undry sums of money pay~ble by virtue of said promisswy note, ~~d this
- mwty~e, each and ~very, prompNy on the d~ya respectivtly the same sev~~~lly becom~ due.
' 2. To p~y •II and ~inpul~r tM baes, aiseuments, levies, liabilities, obliyations ~nd encumbrantts of every nature ~nd kind raw on said d~scrib~d
propaty, o? that h~reafter may be impo~ed, s~ffsred, plated, kvied, w~uesud tMreon, or th~t he?eafter may b~ levied a auett~d upon this Mort¢
- age, d the indebtedneu secured hereby, esch and evMy, when dw and payabt~, xcordinp to bw, befor~ they bec«n~ delinquent, and.b~for~ sny intKtit
attaches or any penalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTLY SATlSFIED AND DISCMARGEO OF
- RECORO AND THE ORIGINAL OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSEO
OR CERTIFlED) SHAII BE PlACEO IN iHE HANDS Of SAt~ MORTGAGEE WI?HIN TEN DAYS NEXT AFTER PAYMENt; and in the event tMt any thereof is no~ .
pa;d, ~at'sfied ~nd disch~rged sa'd MORTGAGEE may et any time pay Ihe same q ~ny part thereoi without w~iving w affectinq any option, lien, equity or
" •~aht under w by virtue of this mortgaqe and the full amo~nt of each snd every s~ch payment shall be immediately dve and payable and shall bear interest
!',s ~.om the date thereof until paid at rafe of nine per centum per •nnum a t ee such i 1 be secured by the lien of th:~ mwpta~e.
sa ~9~ r~~3`~
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