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TH1S IhDENTURE. Mad~ the 7th day of Februa A.D. 19 ?2 betwten
Biarne H. Petersen an Gheryl A. P~etersen~ his ~rife
af SL. I11C~A - County Fiorida, hereinafta desgoued ~s tht "MORTGAGOR." and FIRST FEDERAI 5~?VINGS AND IOAM
ASSOCIATION Oi fORT PIERCE. • corporat~o~ wpanized and ea~~~iny unde~ ~M laws of tM Un~ted Sut~s of Aarric~ ~nd havinp its principai pfac~ of i
bus~neu in iFw Crty oi Fort Piac~, St. luci~ County, ftulda, hNtu+after d~siyna~ed as tiN "MORIGAGEE ° ~
~ ~ s K00•~ and lawful money of the Un:ted ;
WHEREAS tM MORTGAGOR is j~ftly indebted ro tM MORTGAGEE in k+e sum ~f = 9~~
S+afes adwnced by the MORiGAGEE unto tM MORTGAGOR, as ev~daxed by ~ cert~m promiuwy note oF evcn date her~viritF, of which the foilowinq in
+.o-ds and tiyures is ~ ~rw copY, towit:
z1t,500.00 N, 3-17,942
fort Pierc~. Florida. Februarp 7 ~y 72
For val,x rece~ved. 1, we or eii!~er of us, prom;se ra pay, wi~houl defa!cat~on, to the order of FIRST FEDERAI SApVtPiGS~ AND LOAN AS50C~ATION Of
=ORT PIERCE at Fort Pierce, Florida, Ihe sum of S ~ wlrh inte're'st from dare at ~ne rate of o' "°~6 per snnum, in monthly inata~t-
~•~e~rs ai fol!ows: Sl7•~ on ~h~ ~ st d+Y ef -~r~ . 19_L and a like sum o~ the cwrcspond~ng e~ay of esch monrh therr
a'trer until the whole be fully paid.
_ Eaci~ ~i~a+±y+eot fint shall be app~ied in payment of the interest and fhen on the unpa~d balance oF tF,e princ;pal ium. If d ault is made in the
~:arment of any insrallment wAen due, and su:h default continues 30 days, then at the opr~on o4 the holde~. and without any ather notice, all the ~emaimng
~~sraltments shail be due and payable at once. Priviiegs ii 9~ven to prepaY this note in whole or in part at s~y time without penalry. Nejthe faebearance.
ror acceprance by the hoider thereof after any dtfault in sny payments hereon. shall be deemed eatension. A late payment charg~ of Z 4' ~5 sha~~ be
~dded to each inataliment remaining unpa~d 7 days after its dve date, snd a I~ke sum shalf be addrd to each sucF instatlment remaining unpa~d 7 days ~fter
each succaeding pa~ment date.
Each maker, surety and endorser hereof, jointly and severally, w~ives demand, prexntment protest and notice of proteat fw nonpayme~t, and funher
~grees to any extens~o~ of rime of payment, eerher before o~ afre~ matur~ry, w~rhout not~ce to any of us; and ro pay all costs of coltecrion. indud~nq a
~e3sonabte atrorney's fec ~n the svent of any defau~t hereunder, and he~eby severally waives all benef~t of homestead and exempt~on u~er tM cautitutan
a~,d laws of each Srate of the United S~ates, as sga~nst fhis obligation or a~y exrens~on o? renewal hereof.
Wnne:s rhe hand and seal of each party.
s/ Blarne A. Petersen ~~u
(5~?U
s Cher92 A. Petersen ~,y
~
~ ~ ~ .Stal~ QfVMW
1 ~ 1 ~ ~W W `
NOW, THEREfORE, the MORTGAGOR fw the purpox of securing payment of sa~d sum of s 1 • ~nd the pcrfom+snce of ths ~
covenants a~d sgreemcnta hereinafrer expreued. and fw divers 9ood and wlwble cons7de~ations, by thes~ presents. does gr~nt, ba?yain, u1t. remise,
reiease, convey and confirm unro the MORTGAGEE, its wcceuo+s and assigns, all that certain lot, piete w psrcel of land, situate, lyin~, and been~ in tM
County of $t. ~,11CiP ~~d Stat~ of fbr~da, describcd as follows:
Lot 15, of i~100DI.~iaN TF.RRACE, as per plat thereo_" recorded in Plat Book 9,
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page lt9, of Lhe Public Aecords of St. Lucie County, Florida,,/
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~ c~ ~ DOCUN.E~1TAa" STAi~IP T~ X
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~ = FEB-9'72 ~ -
~ ~ ° - ~ I 725- ~
~ ~ U GE~t.OF ti~fFS1~ - !
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_ ~H0112 ~ ~
~ ~ t..°~ 3 E U n+ rnn+Exr oF T~ j
~ DUE ON CIASS "C INTI~AIGIBLE PERSOtiAI PROPEATII, (
~ M1R.StWIT TO CHAPTER II-134. ACTS Of 1971. ;
~ lA7GElt YOIjcv1;, ••-uh C a+t. it. lucx Co. Fla. ;
~ ~
~ roge~her w~th ~II and ~ingutar the tenert~enb. h~reditamenb +nd ~ppwtancss therwnto b~lonpirg w in a~ywis~ appatairNrg tFwrtro, u+d ~II rtnts, iswes, f
~ Prxeeds and profin ~caving and to accrue from said pr~mises, all of which Me included in 1Fw abov~ ard foreyoirg dsscription and MMndum. 1
~ TO HAVE AND TO HQtDf~ +bov~ d~scrib~d snd gr~ntd prsmises unto tFw s+id MORTGAGEE, its svcc~asors ~nd assipns for~vM• A^d th~ ~+W ~
MORTGAGOR iw ----Lhe he~n, executor~, ~dmi~istraton ~nd •uigns, henby cov~nsnb with tM s+id MORTGAGEE, it~ succ~swn ~nd ~ssiyer. ~
the are
; that - - lawfully sei:~d of tM said premises in fee umple: that tht sam~ an frK, ckar ~nd discharQtd fran sfl liam and ~ncwe-
~~-r`'= brsrxes in law or in tquity, and that th~ will and the ir ~ll wa?ranr and d.f•nd r1w t~tl. ro rM s+~rr w ~h. said
- MORiGAGEE, irs succeuws ux! sui9ro, forwer s~ains~ t1» lawful claims +nd demandi of all penons;
PROVIDED, AtWAYS thst if IM MORTGAGOR shall p~y unto th* MORTGAGEF tM p~omisfory no~t hertinbefw~ dextib~d snd sh~ll trufy, promptly
- a~d fully pcrfwm, d~scharge, execu», complete, comply with •nd ab~de by ~ach ud ~wsy rM sripulat~ora +9reemenn, condiriom u~d covanana of a+id
p~omissory raa and of this Mort9ape, thsn this Mo.tya~ ~~d tM far~u hereby u~ated sMll uas~ and b~ m+ll and void.
IT IS UNDERSTOOD tMt the wad "Mortygor" wherher in the slrgular w p{wal ~nywFw~ in this Mwtyap~, shdl b~ i~npular if on~ only and •
ahalt plural joinily u~d severally if mor~ tF+an ont, and that tM word "tF~t'v" as vsed anywlKr~ in tAi~ JNorty~y~ ~hall b~ taksn to rn~an "ha:• ••~n,° ~
or "in." wh~rever ~he conteat so implies w admits. Also. thsf whnev~r there a a r.f.renc. M ~M covnann and +preem.nn h..e~n conrau»d ~o any of ;
: rhe partis~ hereto. the s+m~ shall be construed to mean +s well as fl» heirs. lpal r~presenr~tives, successo~s and ~ssipro (either volvntary by act of th~ t
partiss w involuntary by optratan of t!» I~wI of the same and tMt the covena~ts Ix~eu+ conai~rd sl+all and and rh. b.nef~n .nd advamayes ~a• ;
- ~o ~he r~spective heKS, kya) r~pr~sentatives, succsuors snd aa~yro of tht partits hsreto. 1
And iaid Mortyayors, fw themselves and tl+eir hein. Ipal r~presentatives, succ~ssors and auiyns, hereby jo+nfly and ~va~lly covenant and apne i
' V~ ro ~nd with 1M said MORTGAGEE, i» succ~ssors and auiyro: - c
1. To p+Y sll and sinyulu tM printipal and int~r~sr and the wriovs snd sund~y swns of ma~tY paYabls by vinw of said promisswy not~. ~r~d this i
mortype, tach ar?d evsry, promptly on tM dsp respectivtly th~ sam~ s~v~rally becane dw.
2. To pay all snd Nnpvlar tM t~:~s. ~sussm~n», I~vies, liabil~r'~es. obli9atiau and encwnbruxes of ~very natvr~ a+d kind now o~ said dncrib~d
prop~~ty, a that hereift~r may b~ impw~d, wffHed, Placed, I~vi~d, w~~wsssd tMreon, a that h~resft~r may b~ t~vwd w sfsessd upon tfiia Mat¢
_ age, a ~he Gd~btedn~ss secured her~by ~~cfi and wNy, whan d~e and p~yabl~, sccwdirg ro law, bsfon thty b~com~ d~linqwnt, and b~fon any intKat
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atteches w any penalty is incuned; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII Df PROMPTLY SATISf1EU AND DISCMARGED OF
- RECORD AND THE ORIGIhAI OFFICIAI ~OCUMENT (SIKH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SAi15FACT10N VMER OfFICIAIIY ENOORSE~
OR CERTIf1ED) SNAII dE PUCED IN TME HANDS OF SAID MORTGAGEE WITHIN 1EN OAYS NEXT AFTER PAYMENI; ~nd in the evtot tMt any tMreof is nW ;
~a~d, s~t'iFied ar+d discha:ged sa~d MORTGAGEE may a? any t~me pay the same a sny part thereof wi?hovt waivir+y or sffectinq any optien, lix~, puity w ~
nqht under oi by virtve of this morr9a9e ar+d tht full amo~nt of each and every such paymenl shall be imm~diattly dw and payable •nd ~hafl btar inte~tst ;
<<om ~he dare rhereol unril paid a~ rare of n~ne per cenrvm pe. annum and roqethe. ~N't~yK~neerest s~aL ~Ovred by tl+~ lien of rh:s morqtaye. t
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