HomeMy WebLinkAbout1942 223849
THIS IN~ENYURE, IIMd~ tl+• ~ ~ t'h d+~ o{ • ~~~b~'lial'~I - A.D. 19
72~ betw~an
Edward McMahon and Helen C. McMahcn, his ~tife
of St. ~,l1Ci@ Co~nfy flotid~, her~inaftN d~sig~ated~as•~tF~ ~'MQRTGAGOR;' ~nd FIRST FE~ERAL SAVINGS AND IOAN
ASSOCIA110N Of FORT PIERCE. + corpor~tion ay+nfzed +nd ~x~ainy unda ~M la oi tM l?n~tsd ~alM Of Afl1f~1Ci ~nd Mvinp tri principal place of
busiMSS in th~ City of Fort PiKU, St. Luci~ County. FIOfI~ Mf~1MfiN tl~fi~fl~lQd ~i ti» "MORiGAGEE:'
WHEREAS fM MORTGAGOR is jwtly intkbted to ths MORTGAGEE in tM wm of: pood +nd lawful money oi the Un~tcd
S~aees advanced by the MORTGAGEE unto tM MORTGAGOR, as evidrnced by a ceru~n promisiory note of even d~te herewith, of which tM followiny in
words ~nd fiyurei i3 a trw topy, towil:
s 15,000.00 , ,,b 3-1 T,96b_ i
Fwt Pierc~, florida. '~bl'lla2'~I ~ ~ 19~~. ~
fw valus receivcd, I, we w either of va, promise to pay, without defalcation, to the order of FIRST fEDERAI SAVINGCS AND IOAN ASSOCIATION OF
FORT PIERCE at Fort Pierce, florida, the aum of = ~ 5~ w~th interest from d~te at the r~te of 7• 7'16 per +n~w++. i~ ma+thly install-
men~s ss follows: f ~~4•~ on the ~ St' day of April . ~9 72 ~nd a I~ke sum on the corr~pond~ng day of each month therr
after until the whole be ful~y paid.
Each imtallment fi~st shall b~ app~ied in payment of ths interest and then a~ the vnpaid balsnce of the prinupal sum. If d ault is made i~ fhs ~
paymeM of any in~tallment when due, and such defauh continues 30 days, then at the option of the holde~, and without sny other notice, all the remaining ~
~~,s~allmenn sha~l be due and payable at once. Privile9e is givcn to prep~y this note in whole w in p+rt at u+y time without penalty. Neither for~b~srance,
nor acceptance by the holde? thereof after sny default in any payments hereon, shall be dcemed eztension. A late payment char~e of = 6• 20 sMll ba
added to each initalime~t remaininy ~npaid 7 days sftsr ib due date, ~d • like ium shall be added to each such irutallment remaining unpaid 7 days aher
each succeeding paymtN date•
Each maker, surey and endorser hereof, joiMly and severally, waives ckmand, presentment protest and notice of protesl fw nonp+ymen6 ~~d further
agrees to any extension of t~me of payment, either befwe a sfter maturity, without notice to any of us; and to pay all costs of collect~on, includlrg +
reasonabte attwney's fee in the event of any deFault hereundN, +nd hereby sever~lly waives all be~efit of homestead and exemption under the ca+ititution
and Inws of e+ch State of the United States, ss ag+inst this obligation or ~ny eat~nsion or renewal hereof.
W~tness the lund snd sesl of each psrty.
. s/ Edirard E. NcMah m ~,U
cs~?u
sI Helen C. licM~hQn cs~~~~
cs~+u
r .4j'L2_,ri0 ) St+ro Rev~nw
NOW, THEREFORE, the MORTGAGOR fa the pvrpos~ of securing payme++t of s+id wm of t ~ 5• ~ , ~nd fh~ p~+foreunu of fM ~
covm~nb and +greemcnts he?sin~fter expreued, and for divers 9ood ~nd wlirable toMider~tiona, by the~ presents, does yra~t, baryain, s~ll, remise,
release, convey and conf'um u~to the MORTGAGEE, iri successors and ~s~ipns. •11 tMt cert~in bt, piece w pucel of land, situ+t~, lyinp, and b~irg in tM
County of St.. T,11Gf6 and Sbt~ of Florida, described ~s follows:
Lot 5, Block 1l~, REPiSED MAP OF FOFtT PIERCE BEACH, as per plat
thereo~' recorded in Plat Book 8, at page 29 of the Public Records
' of St. Iucie Caunty, Florida ?
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A ~ ~ DOCUMEiVTA~~STti?!P TAX
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~ o _ FE814'12 _
~ ~ ~ = "~=12250= ~
~ N YE7f. W NEYEkYF • _
~ Q~~9o~~z _ ._',E~) ~G- IN PAYMENT Of TNcES
i. ::~'i C,J1SS 'C' INTANGIBLE PERSONAL PROPERTY~
~ f i ic:;U.'IHT TO CWIPTER 71-134, ACTS OF 1971.
~ k.'„E.K POItRAS. Gert C+~aiit CouR St lcde Co. Fla
~ j
~ fogether with all ~nd tinpular the tenemenn, hereditamenn and appvnances tF~evnro b~lonpirg w in ~nywik appertaininp tiwr~ro. ~nd all r~nts, issws,
~ pr«eeds and profin .ccruing ~nd to accnro from said premi~es. ~II of whicfi ~r~ indud~d in th~ ~bov~ and forepoirg dtwiptia? and Mbendwn.
TO HAVE ANO TO HOW tM abow d~scrib~d and yranted premisa unto the said MORTGAGEE, iri succ~aw~s u+d auiyes for~w?. Md th~ s+M
~ MORTGAGOR for t'~ ~ hein, ~xecuton, administrstors and augru, h~reby oown+nb with th~ said MORTGAGEE, its wa.~s~on and ~safgro.
# ~hat thAV ~2'e lawfully se~zed of the said premises in fa~ simplr, that tM s+m~ u~ fne, cl~ar ~nd disch+r~ad fran all It~ro and «+cvn+~
branus in I~w or in equity, and th~t ~eY will ~nd their ~~n shall wurant and d~fMd tM titb to tht stm~ fo t!r s~id
MORTGAGEE, in succsswrs ~nd auipra, for~ver ~ysirat fhs lawful claims and demsnds of all paso~n;
= PROVIDED, AlWAYS that if tFw MORTGAGOR th+Il p~y unto the NIORTGAGEE th~ p~omiasory not~ hsr~inbefor~ de~crib~d and sh~ll ttvly, promptN
and fully perfwm, d~uh+rye, ex~cute, compkts, comply with and abide by ~xh +nd wery tF~ stipulatiwu. ~yre~n», conditioro and cov~n~+ts of said
promiswry not~ and of this MortQap~, then this Mortyap~ ~nd tM Est~te her~by atated ahall csas~ and b~ nulf and void.
; 1
IT IS UNDERSTO00 tMt tFw word "Mwtyapw" whether in tM sinyulu or pl~val anywMr~ in this Mwty~, sMfl b~ sinpula if oM only Md ,
= shall bt pl~rd jointly ~nd stvNally if mor~ than on~, a~d tMt th~ word "tMir" as used anywh~re in thia Mwt9ap!r shall be fakM to me~n •'his,•• •'hen;• ~
- w"i»;' wherever tFw cont~xt w implies w admit~. Also, that wh~reve~ there is a nfe?encs in tM coven+~ri ~nd preem~~h h~r~in cont+iMd ro~~Y af
rhe parties hereto, tM sa~ne sMll b~ coi»trued to mean as vwll as tht hein. Ipal repreunt~tiws, uxcesson and asigm (~itha volunt~ry by act of tM
parties a invduntary by op~r~tan of tM law) of tM tune that the coven+~ri herein contained sMll bind ~~d tM b~n~fib and advantap~a irx?r~
ru tFw respectiw hein. Ipal r~prees~nt~tiva, succeuors and ass°ym of the panies I+Keto.
- /?nd said Mortypors, fa themstlves ~+d thelr heirs. Ipal reprtsent~tives, sucus~ors and assipro, hertby iointly ~nd s~v~rally ooven~nt ~~d apr~e
= to e~d with tM s+id MORTGAGEE, in tuu~ssors and ~ssiqro:
{ 1. To p+y all and wgvlar th~ princ;pal and interest ~nd tM v~rio~s and sundry wms of mawY paY+ble by virtw of uid promiswry +wt~. ~nd tha
mortyaye, sach ~nd wery. P~omPtly on tFw days ~Qapatiwly fiw s~ne awr~lly b~carr» dw.
2. To p+y ~II ~nd ~ieg~lu tM t~xes, ~uesurMn». Iwi~s, li~bilities, oblipatiau and ~ncumb~anc~s of ~vNy n+tur~ and kind now on s+id d~wib~d
- P~~Y, a ti~at Mre~hN may be impw~d, suff~red. P~aced. I~vid, w as~ss~d tl+ereon, a th~t hereaftar mar b~ I~vi~d a ass~ssed upon thi~ Mor~O-
_ .ye, or tM indebt~dnew wn,r~d Mreby, exfi and ~very, wMn dw and p~yable. ~ccord'u+p to law, b~fw~ tMy becane delinqwm. ~nd b~iw~ any bN~r~st
arraches a any penaMy it intuned; ANO INSOFAR AS ANY THEREOF IS OF RKORD iHE SAME SHAII SE PROMPTLY SATISFIE~ AND DISCHARGED OF
'o~ RECOR~ AND THE ORIGINAL OFFICUL DOCUMENT (SUCH AS, FOR INSTANCF, THE 7AX RECEIPT OR THE SATISFACTION PMER OFFICIAIIY EKOORSED
OR CERTIfIEO) SHAtL dE PUCED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in tM w~nt th~t ~ny tMr~of is not
' psid, sat"~f~ed and dischar9ed as:d MORTGAGEE may at any t~me pay the ~sm~ or any p~n thereof witF~ow waivinp or ~ffectin9 any option, lien, p~ity w
•~yht under o? by virtue of this mort9ige and tM full ~movnt of each and every wch p~yment slull b~ immediately dw •nd payabl~ ~~d slull b~ar intNest
~ ~rom the date thereof until paid ~t rate of n'u~e p~r tentum per annum and topether w~th s~ch iM I red ~ of th:s motyta~.
b~~x~~a ~CL~~~~