HomeMy WebLinkAbout0149 ;~~:4ss8 ~ ,
THIS tNUENTURE, Mads the ~5th day of . FebMlal"y A.D. 19 72 be~ween
Cornelius L. Colby and Mar~uerite 0. Colby,~ his t~i.fe ~
of St'• ~ClE3 County Florida, herei+~aitcr designated as the "MORTGAGOR," snd fIRST FEDERAL' SAVINGS AND IOAN
ASSOCIATION OF FORT PiERCE, a corporat~on or9ani:ed and ex~sting undr ~he iaws of the Un~red Staros of Am~rita and MvinQ its principai place of
tus~neu In 1F?s City of For1 Pierc~, S~. lucie County, Flaids, hereinafte? desiynated as tM "MORTGAGEE:'
WHfREAS the MORTGAGOR ~s justly indebted to the MORTGAGEE in the sum of S 1 , good and lawful morxy of the Un~ted
Sa3tes advanced by the MORTGAGEE unto the MORIGAGOR, as evidencrd by a certam promissory nate of even dare herewith, of wh~ch the following in
so~ 13'~.rOOs a t~ve copy, to-wit: ~~~1n~~12
V
Fort Piuce, Florida, February 25 19~
Fw value received, t, we w eifher of us, prom~se to pay, without detatca~~on, to the order of FIRST fEDERAI SAVIN S AND LOAN ASSOCIA~ION Of
~ ORT PIERCE at fwt Pierce, Florida, the sum of S-I.~~QQQ~~ w~th interest from date at the rate of 7~;o per annum, in monthly install-
~ents as fot!ows: S 107•~ on the day of AP~'1 19~? and a like sum on the cwrespond~ng day ot each month there-
•+'~er ~nti! rhe whole be fully paid.
Each ~nstallenent first sha!1 be applied in payment of the inte~es? an~ then on ~he unpaid balance of the princ'pal sum. If d'~ult is made in the
; a~ment of any inuallment when due, and such default continues 30 days, then at the option of the hotder, and without any other not~ce, all t1+e remain~ng
:~~srallmenes shall be due and payable al once. Privilege is given to prepay this note in whole or in part at any time without penalty. Neithsr jor~ebearonce,
nor acceptance by the holder ehereof after any default in any payments hereo~, shail be deemed extension. A tare payment charge of S 5~~5 , shall be
~,ided to each installment remaining unpa~d 7 days after its due date, and a like sum shall tx added to each auch installment remaining unpaid 7 dsys after
each Svcteeding payment date.
fach maker, surety and endoiser hereof, jointly and severally, waives den,and, p~esent~nent protest ane notice of protest fw ~onpayment, and further
agreea to any extensio~ of time of payment, either before or ahcr matw~ty, withoot not~ce to any of us; and te , sy all coata of collection, includ:ng a
r~~.~sonable attorney's fee in the event cf any default hereunder, and hereby severaNy waives a!{ benefit of homes>ead and exemptio~ under the conttitulion
,od laws of each State of ~he Urtited States, as against this obligatian or sny extens~on o+ ~enewal hereof,
Witness the hand and seal of each party.
v? 4~. d~ o cs~At~
RECEtV~D IK PArMdt OF 7AY.b~ S Ol^I16 US . O (SEAU
DI;E ON CLASS 'C' IHTMIGIBLE pERS01~Al. PkO~E:t.T. lSEAI)
PURSIWVT i0 CFIAPiER Tl•15~, ACTS ~F 19)1. S Pl:@ .
19~?V ) State Revcnfl~"`''• ~IT~? ~ Q1~ COYIL S~ IJIC12 Cp. fTe.~
'fSTdRfaTttf~teTtRf'8ff 3rt~Tn7f'noTeT
NaW. THEREFORE, the MORTGAGOR fw the purpox of iecuring payment of said sum of S 7-3~~~•~ ~ and the perfwm~nce of the
covenants and sgreementi here;nafter expressed, and for divers good and vsluable considerations, by these presents, does grant, ba~gain, se~l, remise,
~~~ease, convey ar+d confirm unto the MORTGAGEE, ih succeuors and assgns, all that certain lot, picce w parcel of land, si:uate, lying, and being in the
County of - $t. ~CZe ~ and State of Fbride, desuibed fottows:
Lot 12~ Block 3~ SILV~R LAKE PARK SU3DIVISION~ as per p2at thereof on file
in Plat Book 10, page of the Public Records of St. Lucie County, F2orida,
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rogeth~r w;th al! snd singular the tenement~, Aeredit~ments ~nd appurt~nces thereunto belor~ging ot in anywise apperlaininy fhtreto, ~nd •II rents, iuuts,
orocceds and prof~ts accruing and to accrue from s~id premius, ail of whlch are i~cluded in the above a++d fwegoing dewiption and Mbendum.
TO HAVE ANDttOeNOLD the above described and grsnted premises uMO the said 1VtORTGAGEE, its succeuors and •ssigru forevK. Md the wid
ri ix•
uOR~GA R for heirs, executors, administrators ~nd assigns, hereby covenantt with the said MORTGAGEE, ib suttesson and assigru,
~nat e~ ~e - tawfulty seizrd of rhe w~d premius Fn fee simple; ti~at the same ~re frse, cle+r ~nd dixhar9ed from all liero and ~ncurm
bfances in law or in equiry, er~d tha?_ ~ey M,;1f and their heirs shall w~rrant ~nd defend th~ title to tM tam~ to tM s~id
MORTGAGEE, its successors and ~ssigns, fwever sgainst the lawful claims and demands of all perwns;
PROVIDED, ALWAYS thst if the MORTGAGOR shall pay unto the MpRTGAGEE the promi~sory rqte heteinbefws dewibed and sMll trufy, promptly
and fuily pe;fo?m, d~scharge, eaecute, complete, comply wirh and abide by eich and erc~y the stfpulations, ayreements, conditioni and coven~nh of said
prom~sswy note and o~ ~his Mortyage, then this Mortgage and the Estate hereby created shall ce~se snd b~ null •nd void.
IT IS UNDERSTOOp that the wwt! "/Vlortysgpr" whether in the •in~ular p plur~l artywher~ in this Mortg~ye, sh~ll be sir~vl~? if orN only and
shall be plur~l joinHy and severafty if rtwre than ooe. ~nd that rhe wwd °their" ~s vsed anywher~ in thi~ Mortyag~ sF~ll b~ bken to rrNan "bis:• •.hen ° r
or "its," wherever the context w implies o~ admits. Alw, that wherever there is a reference in ths covenant~ and ayreemenn herein cw+tain~d to any of
rhe partiei he.eta, the same ihall be construed to mean at welt ss the heirs, leg~l r~preuntativef, successw• and assi9ns (ei~her volunt~ry by ~ct of tM
parries or involunury by operat;on of the larv) of the a~me and that the covenants herein contained shall bind •nd ~ht benefits and ~dwntaqes imx~
~o the respective heirs, leflal representarives, succesaors and au~yni of the p~rties hereto.
And said Mortgsqo~s, iw ~Fxmselves and the~? heiri, ley~l represent~tives, successws and •ssign~, hereby jointly and s~verslly coven~nt and pree
fo and with the isid MORTGAGfE, irs successors end asiigns:
1. To pay all and tinQul~? the pi~ncip+l and interrst and the wr~ous and ~undry sums of mo~ey payable by virtue of sud prom~tsory note, and tF~ia
morigsge, each and every, prompfly on tM d~ys respectively Ihe same sev~r~lly becpme due.
2. To pay •11 and •ingulu the t~xes, asiesi~r+ents, leries, I~abilitics, oblgstions ~nd er+tumbrances of every n~turs and kind now o~ ~a;d dewibed
prpperty, a th~t he~eafttr rtuy be importd, suffereQ, plxed, lev'red, or aueued thereon, or tMt he?eafter m~y be levied or ~sseskd upon ihis AAortq-
+9~. a~~ ~~+debt~dness ucured F~ereby, each and every, when dve ~nd p~yable, sccwding to law, befwe they becom~ delinqusnt, and b~fwt ~ny int~r~sf
erraches w any penelty is incurrcd; AND INSpfAR AS ANY THEREOF IS OF RKORO 7HE SAME SHAIt df PROMPiIY SATlSf1EU AND DJSCHARGE~ Of
RFCORD AND iHE ORIGIhAI OFFICIAt DOCUMENT (SUCH AS. FOR INSTANCE. THE TAX REtEIPt OR THE SATISFACTION PAPER OFFICIAtIY ENDORSED
CR CEftTIFIED) SNAII BE PIACED IN THE HANOS OF SAID MORTGAGEE WIiHIN TEN DAYS NEX! AFTER PAYMENT; and in the event that ~ny thereof is nol
pa~d, sa~ sf~ed and d~scharged sa d MORTGAGEE may at any t~me pay ti,~ iame a any p~rt thereof withour waiviny o~ sfleairg sny option, lien, eqvity p
•~qht under or by v~rtue of shis mo•rgage and the f~l; amounr of each and eve~y such payment shail be ~mmed~arely due and pay~ble and thalt bear int~rest
~~om the d~te thereof um~l pa~d a~ rore of nme ner cent~m per sn~um and ~~e~+e~,~+~~ ch inte~est~h~ secured by the lie~ vf rh s morytpt.
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