HomeMy WebLinkAbout1579 22358~
THIS INDENTURE. Mad~ tF~e 8th d,y or February ~.o. w 72 b.?w.~
iGeith B. Ridgway and Iren~ F. Rid9Nay, his wife
of St. Lucie ~p~~y florida, hereinaftK designated ~s +he "MORTGAGOR;' and FIRST FEflERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE. • to~por+tion wp+niied +~d exi~tinp unda Ih~ I~ws of the United 51att~ of Art+erica and havinp in p~~ncip+l place of
buu~ess in tM Ciy of Fort Pi~ru, St. luti~ County, Florida, her~i~ah~t dtsiynated as tM "MORiGAGEE:'
WHEREAS tM MORTGAGOR is justly indebted to tM MORTGAGEE in ths sum of : 2'a ~ 9~`~ , good and lawful mw,ey of the Un~ted
Srates ~dvanced by ths MORiGAGEE unto the MORTGAGOR, as evidenced by a certa+n promissory note of even da~e herewitF, of wh~ch the followiny in
w«ds +nd tigurei ii a trw copy, to-wit:
:2d,900.00 ~ 3-17,947
Fort Piacs. F~w~a,. February 8, 19~2
Fw value ~eceived, I, we or e3iher of us, prom~se to pay, without defalcatio~, to the order of fIRST FEQERAI SAVINGS AND ICAN AS~SOCIATION OF
FORT PIERCE at Fort Pierce, Fbrida, the sum of S 24 a~OO• ~ w~th ~nterest from date at the rate of7 • 7~ % per annvm, in moNhty install-
ments as follows: t 235. ~ o~ ~~1e ist d+y of APrll lq 72 ~nd a like sum on the correspond~ny day of each month the~e-
afier un~il the whole be fully paid.
Each installment first shatl be apptied in payment of ths intcrest ~nd then on the unpaid balance of the p~inupal sum. If d~uh it msde in the
~ayment of ~ny instatlment when dve, a~d such defauh continues 30 days, the~ at ths opti~ of the holder, and w~thout any other notice, all the rcmaining
:nstailments shall be due and payabk a~ once. Privite9e is yive~ to prepay this note in whole w in part at any t~me without pcnalty. Neither forebearar?ce,
nor acceptance by the holde? ihereof afrer any defauh in any payments hereon, shall be deemed e:+ens~on. A late payn+ent charge of shall be
added to each installment remainirg unpa:d 7 days after its due da~e, and a like sum ~all be added to each auch installment remaining unpatd 7 days after
each svcceeding payrtsent date.
Each maker, surety and endorser hereof, join~ly and uvcrally, waives demand, presenrment protest and notice of protest fw nonpayment, and furtF+er
agrees to any extension of rime of payment, eitF~er before w after maturtty, wirhout not~ce to any of us; and to pay all cosh of collection, irxlud~ng a
reesonable attorney's fee in the event of any defautt hereunder, snd hereby seve~ally waives alt benefit of homestead and rxemption under the co~stitvtiw?
snd laws of each State of the United States, as ag+i~st this obl~gation w any extensio~ a renew~l hcreof.
Witness the Mnd and seal of esch parry_
s/ Keith B. Ridgway ~~u
cs~u)
s Irene F. Ridqway ~~u
cs~?u
~ $37.35 ) Stete Revenue
pra~~ wlR~llk ss iv~al aA~q
NOW, THEREFORE, ~he MORTGAGOR for the purpose of secu?ing p~yment of said sum oi S24 ~ 900' ~ s~d th~ perforreance of tM
covensnts ~nd sgreemcnts hereinafte~ exp~essed. +nd for dive~s 9ood and v~lusble conaideratio~a, by thes~ p?esents, d.xs yrant, bsr9air., sell, remise,
reiease, convey and confirm unto the MORTGAGEE, iri successas and ~uigns, all that certain bt, piece or pucel of land, tituatt, lying, and bein~ in tM
County of St . Lueie and Stat~ of Florida, dewibed ~s follows:
Lot 2, Block 2~ S~FSIDE SUBDIVISION, UNI? ND. ONE, as per
plat thereof on file in Plat Book 10, page 1~, Public Records
of St. Lucie County~ Florida, i
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~ N V oE?T. M ttvEltllE _
~ p a. ~ 9 0 t..._ ~yEp 1!1 filritEl(T OF TAXES
~ NIt~IANT TO CFIJIP'TER Il•131.
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1~TM•
~ RO~EII r011W?S. pa~k Grw+t Cwu~t. S4 luae Ce. F1a. :
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+oge~Mr with all ~nd singul~r tM tenemenn, hereditam~nri and appurtanc~s tFwwnto belorginy or a+ anywise sppertainirg ff+~?sto, and all rtn», isswa,
proceeds and p?ofib xauiny ~nd to sccrw from ssid premis~s, all of which ~n included in th~ ~bov~ ~nd fora9oiny d~wiptan and hab~ndu~n.
~ TO HAVE AND TO HOID the +bov~ deavib~d ~nd ~~anted premises unto tM said AFORTGAGEE, ib succsa+ws ~nd ~ui~ns fweva. Md th~ s+id
MORTGAGOR iw L21~1! ~~rt, axecutots, administr~ta~ and auiyns, h~reby toven~nts with tM ssid MORTGAGEE, iri wotetsors and psipey,
~ they are
~ rhat - lawfully seizcd of tM said premisas in f~e simpl~; that iFa samt u~ frN, clear ar~d d'nchuy~d from ~11 Ikrn and ~ncvnf
~ brancas in I~w or in eqvity, u+d that t he y will and the i r h~irs shall w~rraM u+d deftnd tM titl~ !o tiw ~ to tM said
':s MORTGAGEE, its wcceasors aod auiyns, faw~r ayainft tM lawful claims and demandi of all perwra;
- PROVIDED, AtWAYS tMt if tM MORTGAGOR shall p~y unto the MORTGAGEE tFw promissory note Mr~inbefor~ desuibed u+d shall mrty, pomptly
_ ind fully perfotm, diulwry~. e:etvt~, comp{ttt, comply with and sbid~ by exh and ~very the ~tipulations, spreem~nb. conditiau and cov~n+nri of s+id
_ promissory not~ and of this Mwt~+y~, t1»n this Morty+pe and the Es?at~ h~r~by u~at~d ihall u~s~ and b~ null and wid.
- IT IS UN~ERSTOOD tMt tM word "Mortyayw" whethtr in tF~t sirgular or plwal ~nywhe~~ in this Mwtp~, sMll b~ sirgula if on~ only and
~ shall b~ pluwl 'pintly ai+d wverally if mon than ont, and that the wad "their" ~s u~ed anywhert in this MortyaQ~ ~hall b~ qktn to rtN~n •'hia,•• ••Ma••
or "its," wh~rev~r tM context so impliss a admifs. Also, tMt wherever ther~ is • r~fNe~w in tFw cov~nan» u~d ~pre~menb hK~i~ contairwd ro~mr of ~
?he putiss herefo, tM s~m~ ahall b~ constrwd ~o meM at w~ll as tM Min, le~al r~qes~ntatives, succ~isws ~nd as~iyns (~itF~ vdumary by ~ct of tM '
partie~ w involuntary by oper~tion of tFK Iaw) of tM samt and tFut the covenants htrein contai~ed s1»fl bind ~nd tFN b~n~fib u+d advantayp inw~
- ro tM re~p~ctiw heirs, I~y~l r~presentativ~~, succetwn u~d su~yns of tM puties her~to.
Md said MwtyaQors, fw tF+emsetves and tMir hsirs, leyat rtpresentarives, suct~aw~s and +uisro, htreby jointly ~nd stverally cov~nsnt ~nd apr~e
ro ~nd with tFw said MORTGAGEE, its ~ucc~asws ~nd ~ssqns: j
1. To pay all ~nd ~irgul~r tM printipsl and im~r~st and tl+~ wrious and sundry wms of ma+tY paY+ble by virtw of said promiuory not~, and thi~ ~
maty~e. ~ach aod ~ve?y, promptly on tlw days resp~ctivdy tFw tw+w s~vtwlly bacon» dw. ~
2. To p~y all and ~irqular the t~x~s, u~eurn~nts, kvies, li~biliti~s. oblipatiwu and Mcvmbrances of ~vsry n~tw~ u~d kir+d now on wid d~salb~d
P~op~rfy, or that her~ah~r may b~ impowd, suffer~d, pl~csd. I~vi~d, a~wssad rM.~on, or fh~t hert~fts~ may b~ tevi~d w ase~s~d vpo~ N~is Mo~t¢
afla, a tM ind~btednes~ Hcv~ed hercby. ~ach and ~v~?y, wMn dw and p+y~bte, xcordinp~ to bw. !»ion tMy b~can~ delirpwnt, and b~for~ ~ny ln»rat
eruches a~ny penalty is incurred; AND INSOFAR AS ANY 1HEREOf IS OF RKOR~ THE SAME SHAII 6E PROMPTLY SATISFIED AND DtSCMARGEO OF
RECORD AND THE ORIGfNAI OffICUI DOCUMENT (SIKM A5, FOR INSTAMCE, THE TAX RECEIPT OR THE SATISFACTlON PAPER OffICIAIIY ENDORSED
~ OR CERTIFfED) SHAII SE PIACED IN THE NANDS OF SAID MORIGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that any thtreof is not
paid, ~aYsfied and distharged sa:d MORTGAGEE may •r sny t~me pay tht sarne w any part tFKreof withovt waiviny w a(itctirq any option, lien, puiry or
•+qht undsr o? by virtve of this mor~g~ge and ~he full amo~nt of each and svcry s~ch payment shall bt immediately due snd payable and slull b~ar i~t~+~sr
°`s4 ~rom the date thereof unt~l paid at rate of n~ne per centum per am+um and t•t ~th such 7nt~re t ~hal be secured by ~Fu lie~ of th:s morytpt.
~~x~~9 FA~~1~7$
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