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Home My WebLink About0735 . , io~a rat~wt ar~ w.+e a~wt a t~ a THIS INDENTURE, Mad~ the 6Lh day of MdICt1 A.D. 19?? . betv+Nn Paul H. DesboYOUqh and Donna Desborouqh, his wife of - SL . 1.t1Cle , County Flaid~, hereinafla dtignared as the "MORTGAGOR;' and fIRST FEDERAI SAVINGS AND IOAN ASSQ~IATION OF FORT PIERCE, ~ corporat~on o~9+nized and exittinp under tM laws of the Un~ted Statai of America ~nd Mvinp iri pri~cipai pl~u oi buiineu in tM City of Fwt PiKC~, St. luci~ County, Flwid~, h~reinsfttr de~iynated ai tht "MORTGAGEE:' WHEREAS ihe MORTGAGOR is juitly indebted to tM MORTGAGEE in the sum of = 16 ~ 700. OV , 9~ and lawful money of the United Srotet advanced by the MORiGAGEE unto ths MORTGAGOR, as evide~ced by a certai~ p?omisewy note oi even date herewith, of which Ihe followinp in wwdt and figurei it a ~rue copy, to-wit: z 16;700.00 3-18,054_ Pwt Piace, Flor~da, March 6, ~q 72 For value received, I, we or either of us, promise to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Fbrida, ths sum of : 16 , 7~0. w;th interest from date at tha rate of 7• 7-^f6 pet +~um, in monthly irntall- ments at follows: S 13~• on tAe 15t day of May , 1972 and a like sum on the cwrespondie+g day of each month therr afrer until the whole be fully paid. Eath installment firot shall be apptied in payment of the interest and thcn on the unpaid balancr of the princip~l sum. If d ault is made in the Nayment of any instsllment when due, and such default continues 30 days, then st the option of the holder, and without any other notice, all the remaini~g installments shatl be due and payabte at once. Privile9e is given fo prepay this note in whole or in part at any time without penalty. Neither forebesr~nce, nor acceptance by the holder rhtreof after any default ie any payments hereon, shall be deemed extension. A late payment cMrge of s 6• 90 shall be added to each installment remaining u~paid 7 days afte~ its due date, and a like sum shall be added to each such installment remai~irg uopaid 7 days afte~ - each succeediny payment date. Each mak~r, surety and endorser hereof, jantly and seve~ally, waives demand, prese~tment prote~t and notice of protest for nonpayment, at~d furlFwr agrees to am extensan of time of p~yment, eithcr before or aiter maturity, without not~ce to any of us; snd to pay all costs of collectio~, includ;rg a reasonabk attorney i fee in the event of any default hereunder, and hereby severally waives all benefit of home:tead and exemption under the constitution and laws of exh State of the U~ited Ststes, as against this obligation a any extension o~ renewal hereof. Witnesi the hand and ieal of each party. . s/ Paul H. Desborough csEwU ~ • ; (SE/?U s/ Donna Desborouflh ~ . (5EI?U ~ $25.05 i State Revenue . (Sa~P~aradi~k ~ arip~~I~oW ' NOW, THEREFORE, ths MORTGAGOR fw the purpose of securing p~yment of said sum of = 16 ~ 700. 00 ~ t~ ~~{a~~ pf th~ covenants and agreemenb hereinafter expressed, and fa divers yood and v~lwble considerations, by these presa~ts, does y?ant, baryain, ~ell, remix, releau, co~vey and confirm unto the MORTGAGEE, its successws and auigns, all tMt certain bt, piece or pucel of I~nd, situat~, lyinp, and beirg in the County of SL LuCle and State of Fbrida, described ~s follows: Lot 4, Block 1, LINUAS HIi.L SUBDIVISION, as per plat thereof on fiie in Plat Book 9, page 56, Public Records of St. Lucie County, Florida,~ f I ~ ! ~ 5~~~t~`D~Sut~~ F U ~ DQCV~~ ~i' ~ ; f naR-erti~ ~ Z 5 p 5 Y ~ o ; - ' - : u~"i ~ ef~i-~ ~cn~c 'e.~..•: ~ ~1~j.190112 ~ s r . ~ a ~ ~ ~ a togNher with all and singular the tcnemen», hereditsments and appurfar+ces therevMO btlonginp w in anywite appertainirq tMtefo, and ell renb, issua. proceeds and prof~ti acuuing and ro accrue from s+id premises, all of w1iKh are inciuded in the abov~ ~nd fw~poinp deuription ~nd hab~ndum. ~ TO HAVE AND TO HOW tM above desvibed snd granted premises unto the said MORTGAGEE, its succasson u~d ~uiyro for~wr. Md th~ ~aid ~ their ~ MORTGAGOR fw hein, ~xecuton, administr~tws and assigro, hereby cov~nanb with the said MORTGAGEE, ib suu~sso~s ~nd assfpm, ~ they are ~ rhatr - - lawfvlty seized of the ssid premises in fet simpf~; tMt th~ sam~ are fr~e, clear and disch~rped from dl liero and ~ncwn~ brances in law or in equity, and tMt they W~~~ their ~;n s},~II warrant ~nd d~fend tM titb ro tM ssrM to th~ said a v10RTGAGEE, its iuccsssws and aui~ro, forever aysirut the I~wful claims ~nd dem~nds of all persuu; ~ PROVIDED, ALWAYS that if the MORTGAGOR thall p~y unto the MORTGAGEE tFw promiuoty note hersinbefor~ dtaribed snd shall truly, promptly and fulty perform, dischar~t, execute, complet~, tomply with and abide by esth and ~very tFM ~tipulatiwu, aqreemenn, tonditiot~s snd twaunb of uid promiuory not~ and of this Mort~pe, ther+ this Mwtgaye and the Estate hertby ueated shall usse and b~ null ~nd void. - IT IS UNOERSTOOD tMt the wad "Mwtyayw" whether in tM singular w p{wsl anywher~ in this Mwtyape, shall b~ si~pulu if on~ only u+d shdl be plunl jointly and severaly if mwe than one, and tFiat th~ word "their' as used anywhsre in this MwtyaQ~ shall be t~ken to m~an •,his,•• •'hers,• ~ w"in;' wherever the context w implies w admits. Alw, that wherever ther~ is a referenct in tM covtnann and pnemenn hxsin conuin~d to ury of = fhe p+n7es hereto, the ssrn~ shall be construed to msa~ as wsll as the F~ein, tepal r~prescntatives, succeuon and auiyro (sitFwr volunt~ry by ~ct of tM parties or involuntary by operation o1 the Iaw) of the s~rne and that fhe covenants hertin contained shslt bind Md tiw b~rNfits snd adv~nt~s irwr~ - ro the respectiw hein, I~y~l rspresentative~, wcceuors and ~u°yns of the putits F+~reto. ' And said Mwf9~o?s, fa themselves a~d their heirs, leyal represent~tives, successors and aui9~s, hereby jointly ~nd s~v~rally cov~nanf and pne ro and with the uid MORTGAGEE, it~ successors and auiynse f~ To pay ~II and iinpular the principal and interest snd th~ v~rio~s snd sundry svrru of money payabk by vinus of said promiswry nots, ~nd tha ~k'- mwtpa9e, each and ~very, promptly on th~ days respectiveiy the tame tev~rally become due. r~~ 2. To pay all and sirgulas the t~xes, aussunents, levies. Iisbilitics, obliyations and sncumMsnces of evcry n~ture ~nd kind now on s~id deuribed property, w that hereafter may be imposed, wffered. Placed, levied. w+ueued tAereon, a thst haeafter may b~ levied a asNSS~d upon this MortQ- ~im a9t, p the ird~btedneu setured hereby, each and wKy, when dw and paysble, accordinp ro law. before they become delinqut~t, and b~fw~ ~ny intaeit attaches or any penalty is intvrred; AND INSOFAR AS ANY THEREOF IS OF RKORD TME SA1NE SkAll BE PROMPTIY SATISFIEO AND DISCHARGED Of RECORD ANO THE ORIGINAL OFFIC1/1l DOCUMENT (SUCH A5, fOR INSTANCE. THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED ~ OR CERTIFIED) SHAII BE PLACE~ IN THE HANDS Of SAID MORTGAGEE WITHiN TEN DAYS NfXT AFTER PAYMENT; ~od in the event that ~ny thsreof is not _ pafd, saYsficd and discharged sa:d MORTGAGEE may at any time pay the same w any part thereof without wsivirg or affectiny any option, lien, equiry w •~qht under or by virtue of this mortgage snd the full amount of each snd every such p~yment ih~ll be immediateiy due and payabk and tMll beu interest <ram the dde thereof until paid at rate of ~ine per centum per annum and toyether w~~h suc`G~r~r~y,{~ be secure~Y tLie lien of th:s mor~b~. r~Jll tAGf ~v5 - - - - - - _ - 3dY, ~r.~~ y. 3 3~~°~! sR3a ~ ~ ,r ~ ~ ~ ~ t ~ ~ 55~, y'-r `t°"4 r' ' ' 4 a > ~ ~ > r ~-.~x . _ z... . . _ ~ . ~ - . _ .i'..:~2,.