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THIS INOENTURE, NLad~ th• 215t day of F1'DtUc'fZ37 - A.D. {9 7~ bNwNn
Bobb C.. Downs anc~ F3~rbara C. Downs his wif~
of St . Luc ie ~pi~ty flori~la, h~reina(tM daiq~at t~ "MORTGAGOR;' ~nd FIRST FE~ERAI SAVINGS ANO IOAN
ASSOCIATION Of fORT PIERCE, ~ corpaation orpaniz~d and ~xi~~inp u~da IM I~ d tM U~i~ ~vt+tis of /1C+eriu ~nd Mvinp in principal plac~ of
bus~rK~s in tM Ciry of fort PiKCt, S/. lvti~ County, Florida. A~ninaflK d~iipn+ad 1 tl»~"MORiGAGEE:'
WMEREAS tM MORTGAGOR is juitty ind~bt~d ro tM MORTGAGEE in tM sum of :.22 ~ 9~O . 9ood and lawful mon~y of ths Un~ted
Sretes advanced by ths MORTGAGEE un~o tM MORTGAGOR, es evidenced by a csrlain promissory not~ of even date herewith, of wh~ch tM folbwiry in
wwdi +nd fiyurei is s trw copy, to-wit:
d-17 990
= 22 , 900. C?O fo.~ P~.. F~o.~d,. ~ebrua rl~ 22 ~y 72
Fo~ value received, 1, we or eithe~ of u~, promise to pay, wilhout defalcat~w?, to the order of FIRST FEDERAL SAVI~ AND IOAN ASSOCIATION OF
FORT PIERCE at fort Pierce, fbrida, the tum of f 22 • 4`~~' ~ - W~~h inrerest From date at the rate of ~_~fa pe? +nnum, in monthly imtal{-
~:ents a~ follows::~ on the 1St d~y of AArll , 19-72 snd • like sum on the cwrppondinp day of •acF? ma~th ther~-
after until the whole be fuliy paid.
Each installment first shall be +pp~~ed in psyment of tt» interc~l snd thcn on tM unpaid ba~ance of ~h~ princ~pal ium. If d wlt is mxl~ in tF»
~aymenl of any installment when du~, and such defa~lt continues 30 days, then at the optio~ of the hoider, and wi+hout soy other notice, all the remaini~p
~~»rallments sha~l Ix dua and p+yabk ~1 once. P~ivileye is piven to pre{»Y this rate in whole w in psrt at ~ny time w~thout pen+lty. Neither fortbearant~,
nor scceptance by the hotder thereof after sny default in sny payment~ hereon, sMll be deemed extension. A late payment charye of s~~0 ~h+ll be
added to each installment rcm~i~iny unpa~d 7 days ~fttr iri due date, and • like sum ahalt be added to each such installment remaining unpaid 7 dayf aher
each wctecdirg paYmcnt date.
Each makar, surety ar?d endorser hereof, joi~dy and teverolly, waives demand, presentment protest and notice of proteit for nonpayment. +nd funher
agrees lo ~ny extension of time of payrtunt, either before w afte~ meturity, without rtotice to any of us; and to pay all costs of collectiw~, inciud~nq •
~e~:onable attwney'a fee in the event of any defautt hereunder, ~nd hereby severally waives all benefit of homestead and exemption under the constitutan
e~~d lewt of each State of the United States, ss aga~nst this obl~gation a~~y exte~sion a renewal hereof.
Wifness the hand a~d seal of each party.
Ftc~i~:: >~.5~~ tr~°:.~ri of TA~~s sL~b~Y C Dewns csEwu
CI:E UN f ~ i° ~ , . ~ ~iiCi~EfiiY, ~A~~
pt'RSL'JIfiT i0 C..1•';<i~ i. .;_.s Ut ty71.~r~ slBarba ra C ~wns ~w~)
R06ER POIIitAi. wx. a~[ ':;..a~!. St. lu4e Co. F13 ~U
S34 • ~ S ~ Srai• aev.nw
NOW, TNEREfORE, ~he MORTGAGOR fa the pvrpose of securing payme~t of said sum of =22 • 9~0 and tM perfwm+nce of tl+e
covenanri ~nd +preements hereinafte~ expressed, and for diveri 9ood u+d vslwbl~ considerations, by thss~ presents, doea yrant, bsryain, sell, remise,
release, tonvey and confirm unro the MORTCsAGEE, iri succeuors and ~ssiyns, all tMt tertain io1, piete a pucel of Isnd, situat~, lyiny, and b~inp in the
County of St . Lucie and Stats of Flwida, d~wib~d ~s follows:
I_~t 8, Block F, Maravilla Estates as recorded in Plat Book S, page 7~ of the Public
^c>cor~is of St. Lucie County, Rlorida,.~
; W STAI' t~F L O~-2 I U A
E pqCUMENTA°" STA~IP TaX
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~ rogether with sll ~nd sing~lsr tM tenemenb, htreditamenb and +ppurtances thertunto b~bnpinp p in anywiu appert~inirq thertto, and ali nnn, is~ws,
proceeds ~nd profits +ccruing snd to accrw from said premises, all of which ~rs includad in fM ~bov~ and forpoirg dswiption and MMndum.
" TO HAVE AND TO HOID the abov~ d~suibed ~md yranted premises unto tM ~aid MORTGAGEE, iri waessors and +uipm fo?~~ru. Md th~ wfd
~ their
!4~ORTGAGOR fw l+ein, ~xecutas, +dministrston ar?d auiyns, her~by cownann with tlw said MORTGAGEE, Hs wcc~uw~ +nd usipn~.
~ rhat _tt1e~I a re _~,Wf~uy ieized of tM said pr~rn~s~s in fM iimplr, ttut tM s+m~ ~n frs~, cl~ar ud dischar~d from dl li~es ard ~ncun?
brances in law or in equity, and that thE'}I W~~~ thei r ~~n wurant ~ed d~fend tM titb to tht sam~ b tM said
MORTGAGEE, its sucuuws +nd ~aiyns, fatwr syainst the lawful cliwns and demuds of ~II p~rsan;
;r PROVIDED, ALWAYS th~t if th~ MORTGAGOR ~hall pay unto the MORTGAGEE ih~ promistory not~ l~einbsfw~ dewiMd and ~11 huly, pranptly
= and fully perform, d~icMry~. executs, compkt~, comply with and abide by each ~nd ~very the atipulataro. apreem~nts, conditioro and oown~nn of said
promissory note and of this Mwt~ay~, tMn thia Mortya~ and t!w EstN~ h~r~by a~at~d sMll uas~ ~nd b~ nul) ~nd void.
IT !S UNOERSTOOp th~t the word "Mwtqapor" wF?ether in tM ~irqular a plw~l anywhtre in tha Mortp+p~, sh~fl b~ sinpvlw ff on~ only ~nd
shall b~ plural jointly ~nd s~ver~lly if mwt tMn a», and that the word "the'a" as used ~nywh~r~ in this Mort9a~e shall b~ tak~n to mean ••ha,•• •'Mn;•
o. "its;' wherever th~ context w impliss a ~dmit~. Alw, that whereva there is a r~ferenu in tM coven+~n ar?d apreementf htrein cont+in~d to a~y of
= rh~ p~rties hereto, tM s+rrN shall b~ corutrued to m~~n n w~ll at the Mirs, byal r~pr~untatiwt, successon ~nd assipro (~itM~ voluntary by ~ct of tM
: partie~ or invo~untary by op~r~tion of th~ law) oi tM sam~ and tA~~ tfi~ cov~nants her*in conuirnd ~h+ll bind ~nd tM b~rnfia ~nd advantap~s 'a+w~
fo tM r~ipective Min. Ipd ~ep.~sentdiva, wccesson a~d au~~ro of tM p+rti~s her~to.
- And saM Mwtyayon, for thems~tv~s snd tFwir hei?s, lepal r~pr~sN+tativ~s, wcussors ~nd ~aipro. hereby join~ly and s~vKalty covtn~nl and ay~K
~o ~nd with tF+e iaid MORTGAGEE. i» ~uccessors and asiiyr?s:
1. To pay ~11 ~nd si~pulN th~ principd ~nd interest u+d tt~ wrian ~nd wndry wm~ of money paY~bl~ by virtw of said promissory raN, and tMs
mortyay~, each and ev~ry, promptly on tF» d~p r~spectiv~ly tFw sw~rally b~corr~ dw.
2. To p+y dl and ~iapulu the ax~, s~s~sun~nt~. Iwi~s, li~bilities, obliyatam and encvmb~nc~s of wery natun ~nd kind now oo s~id d~scrib~d
prope~ty, a tMt hereaftN may b~ impae~l, suffer~d. Plaad, levied. w+wss~d th~reon, or th~t h~r~aha msy ht I~v~d a aw~wd ~ipon thia Mortp~
.~e, a tM iod~bt~dn~u secured hKtby. ~ach ~nd w~ry, wMn dw and p~yabl~. ~ccordinp a law. 6efor~ ~hey ~can~ d~linqwnt, ~nd b~fon ~n~r intu~ar
~ a~tacF+es w any penalty is entwred; AND INSOFAR AS ANY THEREOi IS OF RKORO iME SAME SHAII 3E PROMPTIY SATISf1E~ AND OISCHARGE~ OF
~ RECORD AND THE ORIGINAL OFFICIAI OOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR TME SATISfACT10N VAPER OFFICIAIIY ENDORSED
OR CERTIFIED) SHAtI SE P/ACED IN THE HANDS OF SAID MORiGAGEE WITHIN TEN ~AYS NEXT AFiER PAYMENT; and in tlw ~wnt ~Aat any therwf is nw
paid, saYsfied ~nd dixhar9ed sa;d MORTGAGEE may a~ any time pay th~ same w any pa~t therwf witho~l w~ivirq or •f(ectirg any option, lien, equity or
•~ph~ under w by vi~tue of thit mortys~ and the iull amoum of •ach .nd •ve.~ ~~ch paym.nf •ha11 b. imrn.dN~eiy due ~~d p+v~ble and shall Lvar lntsrtst
- ~.om th~ d~te ~h~reof until piid ~t rHe o1 nine pcr centum p~r •nnum ~nd toy~lher • e~t sMl` ~I by the lien of th:• moryNp~.
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