HomeMy WebLinkAbout0488 I~rIG+`f.7~V
THIS INOENTURE, N1~d~ t6• 2nd day of ~rCh z. - A.D. 19 72 b~tw~en t
K,elly ConsLruction Conpany~ a Rlorida C~rForation
of SL . I.t1C1@ ~~~ty F~p;~, ~~e;rwftK dsiiynated ths "MORTGAGOR;' u+d FIRST ~FEOERAI SAVINGS AND IOAN
ASSOCIAiION OF FORT PIERCE, a co~por+tion orpaniwd ~~d ~xiitinp under th~ bws of tM Unit~d Stat~s of M+uiu ~nd havinp iH princlpal plac~ of
busirwis M tM City of fat PiKC~, St. luci~ County, Fbrida~ AfftIMNlf d~iiy~at~d tM "MORTGAGEE."
WHEREAS tM MORTGAGOR is iwtly ind~btd to tF+~ MORTGAGEE io tM sum of : 24 good ~nd ~+wful mo~+ey of the U~~ted
Stat~s advarxed by tM MORTGACaEE unto tM MORTGAGOR, ai ~vide~ced by a certai~ promiuay note of even date MrtwitF, of wh~ch tM foilow+np in
~~wdt and fiyur~s a• trw copy, to-wit:
= 24 . 000.00 r,yp 3-18, 026
Fo.~ P~~.. Fio.~da. March 2. 19~
fa value received, I, we o~ either of us, promise 1o p+y, withouf defalcation, to thc order of fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE at Fwt Pieres, Florids, the tum of = 24 , 00O w;th inte~eat from date st the ~ats of 7• 5 96 p~r annum, in mo~thly iinlall-
~ menti as follows: i 17~•00 ~~M 1St d+Y of 'july 19 72 + lik~ ium on the correipondirg day of each month tMrr
after umil ti+e whole be fully paid.
E~ch uutallment first aAall b~ applied in payment of the interest ~nd then on the ~npaid balirxe of the p~inc~pal ium. If d~~It it made in 1M
~ payment of any installment when dw, and wch default continues 30 days, then st the opt~on of the holder, and without any othe~ notice, ~II the remaininy
~ ~~,srallmsn?s shall b~ dus u+d payable at once. P~ivileye is yiven ro pr~p+Y this note in whol~ or in part at any time without pen~lry. N~ither foreb~annce.
nor sccepunte by the holde? thereof after any defauh in any payments F.ereon, sMll be deemed extensio~. A late payn+ent cMr~ of •y8 9O , shdl b~
~ added fo each i~sullment remaininp unpaid 7 days ~ffa its dw dat~, and a like ium shall be added to each s~ch installment rem~ininy u~psid 7 dsys after
~ each svcctedinp payment date.
Each maker, surety ~nd endwser hereof, jointly and severilly, w+ives demand, preseroment protat and notice of protett fo? ~wapsyment, and fu+thK
agrees to ~ny ~xtension of Yu~a of psyment, either before w aftH rruwrity, without notice io a~y of us; +nd to pay all cotb of cotlectan, includinp a
~ reasonabk attwney i fee in rhe event of any defauft Fxreu~de?, snd hereby severally waiva al! benefit of homestead and exemptia~ under the tonitituYan
~ and laws of each Sute of tF?e United States, ~s ~gacnst this obligation w any exteosan o. .~~~~Y ~NSTRUC"f ION COMPANY
' Witness the t?sr?d and ~eal of each party.
gy; s/ Kelly Hall, ~U
President ~
1 Corporate Seal Affixed ~U
~ (.SF~?U
~ ~ $36.00 ~ sat~ R«reew .
< (6t~p~sio~lseadp~asta
NOW, THEREfORE, tM MORTGAGOR for th~ purp~s~ of seeuriny p~yeneeM of s~id swn of ~ 24 ~ ~~d ~ P~'f~~
~ covanann .nd s~reem.nn he.•~nafter expressed, and fw divers yood ~nd v~lwble consid~ntions, by tMa~ praents. doss prant, bary~in, setl, nmise,
- J reicsse, convey snd confirm unto the MORTGAGEE, iri wcceuws and assigns, all that cKtain bt, pieoe or parcel of land, sitwt~, lyinp, and b~inp in tM
~o„~~y ~ St . LL1C le , ~nd Sut~ of Floida, d~wik»d as follows:
~
Lot 6, Block S, ORANGfi BLASSOM ES2ATE5, SECOND ADDITION, SE~ND
PLAT, as per plat thereof on file in Plat Book 16, page 14, Public
Records of St. Lucie County, Florida,•/
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~ togetha with ~II and sirgu~sr tM te~x~nri, h~?~ditsma+» ~nd appwtanus tlw+wnto bdonpinp or in aeywiK ~ppKtaininp tMrMo. Md all nnb, istun,
~ aroc..~ and profin scavinQ and to ~ccrw han wid premises. ~II of whid~ u~ included in th~ ~bov~ ~nd forpoinp d~wipioe and h~b~ndurn.
~ TO NAVE AND TO HOtO tM ~bove d~scrib~d ard qr~nted premiws unto tl+e ssid MORTGAGEE, iri wa~asors and assiyM fo?wa• Md fh~ ssid
~ MORTGA~OR fw i t 5 Min, ~xecvron, sdministraton ~nd sssiQro, hereby oownsnts with th~ s~id MORTW1GfE, iM wocesson N+d ~ssipns.
~ rhar _ 1 t_l 5_ lawfvlly s~ized a! tlK ~sid prsn?is~s in fe~ simplr, thaf t!w swn~ an fr», ctear ud d'ach+~d fian dl li«a ~nd ~
~ b.urces in law or in equit~r, and ths* lt will and 1tS h~;n shall w~?ru+t a~d d~f~nd tFr tHl~ fo tM s+m~ ro tM s~W
~ MORTGAGEE, its sucussors ~nd auipro, fwwK syairot tFM tawfvl claims ar+d d~mands af all perwmt
PROVIDED. AlWAYS flwt if tht MORTGAGOR ~hall p~y unto tfw MORTG/?GEE tM promu~ory noM F~~inb~fon d~wib~d ~nd ~h~ll f~vly, promplly
> and fully perfam, d~scharye, txecute, compl~te. comply with and ~bide by exh and ewry tM stipvlatiom, aprs~ts, oonditiar ~nd aov~NS of ~aid
- promiuay not~ and of this Mortp~qe, th~~ thia Matyapt se~d tF~ Est~te h~r~by nwnd sh+ll o~as~ ~nd be ewll and void.
IT IS UNDERStOOp tMt th~ word "Mortyapor" wF+~ther in th~ sirgular a plw~l anywhsn in thi~ 1111o~tyap~, thall b~ sinpul~r if on~ only and
= . ahall bs plwal jointly and f~wrally if mw~ tMn on~, ud that the ~wwd "their" u wad anyvrlKn in t1~is Altwtp+p~ shall b~ tsk~n to rt~an "hi~.» •'I~s.••
ar ^in;' whe.w~r )1~e aont~xt w~++pti~s or ~dmits. Aho, tMt whs.svsr thKe is a rehreno. in iM cowe.nn and .pr.em.n» Iwr.in oonriK»d a a~y of ~
rh~ parti~s hueto, th~ w~ shall b~ conarrwd to mean ~s vwll ~s tM I+~in. Ipal npra~nt~tivu, wcc~siors ~nd ~ssiQro (either volw+t~ry by act of th~
parti~s w invdunrW by opKatan of th~ Iaw) of the san+e and fhat ~h. coven.nn he.~~n com+in.d •h.ll bind ar~d rM b.n.fin and ~dv~nrap~s inwe
ro the rKpsetiw hein. Ipal np~~t~tivea, wccesson a~d ass~9m of ttw p~rties hereta
- Md said Maroapon, fw tMmwlws and thw F~eirs. Ip+l rspresent~ti,res, waeuors and aaipns. FKreby fointly ~nd iewr~lly coven~nt ~nd apr~e
ro and with tFn wid MORTGACsEE. its waesson a+d +ssiy~:
1. To pay ~II snd s'ugular th~ principal snd interest ~nd th~ vKiou~ ~nd sundry swm of mon~y p+Y+bl~ b~r virtw of said praniswry nob. +nd thu
maty+p~• ~sch and ~wry. PromPtly on fly dap resp~ttively tlr sare» ~twrally b~carw dw.
_ 2. To pay all a~d ~inpvl~r tlw taxa, auessrrMn». Iwi~s, liabilir'»s, oblg~tiora and ~ncumbranc~s of ~wry ~+tw~ ~nd kind now on saW d~w~sd
propKtY• or tMt Fwr~aft~r en~y b~ irnpoa~d, wffK~d. P~+ted• Iwied, o~ an~swd N»r~on. a Nwt Mr~aft~r may b~ Iwi~d a nwss~d upa~ thM lNorl~- :
- +y~. a tM M+d~bt~dness s~cured hereby, exh s~+d w~ry, wh~n dw and p~y~bb. ~ocord'inp to law. b~for~ th~y b~can~ d~INqwnt. ~nd b~fon ~ny inanst ~
attsches or +mr pa+a~ly i~ i~twted: AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 6E PROMPTIY SATISFIEO AN~ ~ISCHARGE~ OF
= RECORD AND 1HE ORlGINAt OfFK1Al DOCUMENT (SUCH AS, FOR INSiANCE, THE TAX RKEIPT OR THE SA115FAC71pN PMER OfiICIAIIY ENDORSED
OR CERTIFIED) SHAII 6E PLACE~ IN THE HAND6 OF SAID Al10RTGAGEE WITHIN TEN DAYS NEXT AfTER VAYMENT; ~nd in the rwnt tMt ~ny thKwf is rat
paid, atifNd and d~xh~r~d sa:d MORTGAGEE rrwy at any time pay the same of any pan fhe~~of without wa'niep w~fi~ttirq any option, lien, puity a
•~qM w+d.. a by vwtw of this mort9ayt ~nd tl+e full amovnt of each and ~very wd? p~yment shdl b~ inwnediatdy dw and payable and ah~ll b~ar intKbt f
srom the dat~ tMrwf until paid ~t rate oi nin~ p~r c~ntv~n per ~nnwn and ?opether with s~clQi~~v`+V be ~ecured by the lien of th:s morpqpe. ~
:rt e"~K PacE 48~
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