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Home My WebLink About0737 THIS INDENTURE, Mad~ the 7th day oi Mar ~h ~ A.D. 19~-, oe~we.m Paul D~ Newell and Maurine S. Newell~ his wife of $L• ~C1Q Cpinly Florida, hereinaita de~i9nated as tM "MORTGAGOR," and FIRST FEDERAt SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a torpaatan orpani:ed ~nd ex~stinp unda ~he I~ws of tha Un~red St~+~s of Americ~ and havinp i» principal plac~ of butinas in th~ City of Fwt PiKC~, St. luci~ Gounty, Florida, I+~rainaft~~ d~sipnat~d ~s the "MORiGAGEE:' WHEREAS 1M MORTGAGOR is juttly indsb~~d to 1M MORTGAGEE in tht sum of = 19 ~ 9OO • 00 good +nd {awful mon~y of the United Statet advanced by tAt MORTGAGEE unlo the MORTGAGOR, as evidenced by a te~tain promiuay note of even date herewit~, of which th? followinp in wads and fig~res i~ a trw copy, to-wit: =19,900.00 ' ~ 3-18,057 Fort Pierce. Flaida. ~?rch 7~ 1972 Fa value received,.l, we w either of vs, promise to pay, without defalcatfon, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATtON Of FORT PIERCE at Fwt Pie~ce, florida, the sum of s 19 •90~• w;th interest from date at the rate of 7• 7~o per annum, in monthly ins~all- ments as tollows: s 164 . 00 ~ i~ L SL ~y of ~y . 1972 and a like sum on the cwrespond~ny dsy of cach month therr after until the whole be fully paid. Eath installment first shall be applied in payment of the interest artd then on the unpaid balance of the p~inctpal sum_ If d ault is msde in 1he payment of any installment whe"n due, and suth default continues 30 daya, fhen at the option oi the holder, and without any other notice, all the remaining ~„srallments ihall be due ar+d payable at once. Privilege is given to prepay this note in whole w in part at any time without penalfy. Neither forebearance, no? accephnce by the holder thcrsof afte~ any default in any paymcros hereon, shall be deemed extension. A late payrrxnt charge of s8 sh+ll be added to each installment remaining unpaid 7 days after its due date, and s I~ke sum shall be added to each such installment remaining unpaid 7 dayi afler each succeeding payment date. Eath maker, surety and endorur hereof, joinlly and uverally, waives demand, presentment protest and notite of protest fw nonpayment, ~nd further agrees to any extensa~ of time of payment, either beto~e or afte~ maturity, without notKe to any of us; and to pay all costs of collectioo, includ'+ng a reasonabk attaney i fee in the event of any defautt hereunder, and hereby uverally waives all benefit of homestead and exemption u~~ tl+e conttitution ~nd laws of each Stare of the United States, as +gainst this obligation w any exttnsion a renewal hereof. Witness the hand snd sNl of each party. ~ . ~ ' s/ Paul D. Newell • (SenU s/ Maurine S. Newell ~y (s~?U ( $29 • 85 ~ Stat~ Revenw tS~p~caao~IM~ia~wqari ~saf NOW, THEREFORE, the MORTGAGOR fa ths purpose of secv.irg payment of sa~d s~m or =19 ~ 900. OU ~~{a~~e of the covena~» ~nd ~yreements Mreinafter e:pressed, and fw diven good and valuable conaideratio~s, by these presents, does grant, barysin, sell, remiu, release, convey and confirm unto the MORTGAGEE, ib succeuors u+d auignt, all that certsin bt, piece w parcel of I~nd, tituate, lyinp, snd beinp in tM County of St . Ll1Cle S~at~ of Flwida, describ~d as followi: _ Lot 16, Block E, MARAVILLA ESTATES SUBDIVISION, as per plat thereof on file in Plat Book 8, page 77, Public Records of St. I.ucie eounty~ Florida, ? I , i ~ ~~L' 111 ~1~1~11i ~ Tlli~ i ~ ~ ~ ~Q ~I~ ~ MOr~E~rY, ~ - Q~ L U~-t I lJ A ~p~Ni'0 ~ n•ist. ~rs oF isn. s~x~ s w 5 1~ ~ ~111~E~t I~ O I t' M R C M t k p^~ I t S t' w il~. r t dr~ S T A 1!/ i P 7 r X p o w 1, ~ pOCUMEN _ = ~ ? a = n~x-s~rt J p~z 2 9 8 5- , § F~ U - ; yEfLi~ t[r[!R N ~ P.B. »u»z ~ € ~ ~ rogatMr with all ~nd sinyular the tenemenn. Aereditamenh snd spp~??tanus the~sumo b~lonpirg p bf ~nywifs apptrfaininp tF~ereb. ~nd all ren», is~vas, ~ prxeeds and profin acauing and to accrue from said pr~mises, all of wiiKh aro included in the sbov~ ~nd forpoinp dewiption and hab~nd~m. ~ TO HAVE AND TO HOID the abow desuibd and ~r•nted premiaes unto rhe sad MORTGAGEE, in suc~s and •uiqns fortver. Md th~ wid ~ MORTGAGOR fw t he i r _~;n, l~~~. ~mi~istrators and suigns, hereby covenanb with tht ~aid MORTGAGEE, its s~tussors u+d assi~a. ~ thev are ~ rhat Iawfully se~zed of tM ~aid premises i~ f~e simple; that the ssm~ ~n fr~, cf~u ~nd discM~ed from dl liNa and Mcunr s brsntq in iaw w in eqvity, u~d th~t they w~~~ their ~~n ,,,,~.~~~t and defend tiw titl~ w tM urrw to tM s~id yz MORTGAGEE, its succesw~s and auiyra, forever a~ainst the lawful claims and demands of dl ptrsont; ~ ~ PROVIDED, /11WAY5 that if the MORTGAGOR shall pay uMO the MORTGAGEE tht p~omisspy not~ hertinbefore dewib~d and shall t?uly, promptty 1 ~ and fully pe~form, d~xMr~, ~xecute, compkt~, compty wi~h snd ~bide by each and erery N+e stipulatio.u, spre~menb, conditiom and covs+wnn of ~+id ~ `3 promissory note and of this Mwt9ape, then this Morty+ye a~d the Esute her~by ae~ted shsll uas~ and b~ null and void. i :s IT IS UNDERSTOOD fhst th~ word "Mat9+yor" whether in tl?e sirgubr w plw~l anywhere in this Mwtyapt, shall be sinpular if ont only and i _ ihall b~ ptural jointly and severally if mor~ than one, ard that tha wwd "the'a" ~s used enywher+ i~ thi~ Nbrt9pe alwll b~ takx? to nwan "his;' "hen," ~ or "its;' wherever the conte~et so implies a admiri. AI~o, that wherever thert i~ a r~fererx~ in t1w covenann ~nd a~reKnenb herein to~tain~d to any pf • rhe pa.ties hereto, the s+rrn shall be construed to mean ~s w~ll ~s the h~in, le~at r~prese~tatives, iuccessors and auiprn (eith~? vofuntary by M of th~ ~ = partiei w inroluntuy by oper~fan of tFK Iaw) of the same and thar the covenants hereio contained ihall bind and the benefin and ~dv~ntyp inur~ ~ = ~o the respecriw hein, I~ya! r~presentatives, wcceuws and au~yns of the parties hsreto. ; x Md tsid Mat9pws. for tlwmselvts snd their Min. I~pal reprssentativq, successors ~nd asi~~s, hereby jointly and s~verally covtnant and pne ~ - to and with the s~id MORTGAGEE, in s~ccesson and assiyns: f 1. To p~y all ~nd sinp~{ar tF+~ princip~l ued interest and the vsrian and sundry sums of mw~eY paYable by virtw of s+id promiswry nott, and this morty~ye, each and every. promptly on th~ days respectively tlw same ~ewrally become du~. mo - 2. To p~y ~II ~nd s'ugvla Na taxes, assessm~nb, levifs, liabil~ties, oblipatiwu ~e+d ~ncu+nbr~ncet of every n~tur~ u~d kind now on uid d~w~d prop~rty, or that hereaftN m~y be impwed, wffered, placed, kvied, a ~s~essed thereon, w tMt here~fte~ may b~ levi~d a~s~ess~d upon this Morp~ - aye, w th~ Mdtbt~dness sscured her~by, e+ch and ~vtryr, wben dvt and payabk, accwdinp to law, befa~ they become delinquent, ~nd bsfo~~ a~ryr int~resl e y y' attaches a any penalty is incurred; AND INSOFAR /!S ANY THEREOF IS Of RKORD THE SAME SHAII 6E PRO1NPTlY SATISf1E0 AND DISCMARGEO OF - RECORD AND THE ORIGINAI OFFICIAI ~OCUMENT (SUCH AS, FOR INSTAkCE, THE TAX RECEIPT OR THE SATISFACTION PMER OffICIAIIY ENDORSED OR CfRTIfIED) SHALL dE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the ~vent that ufy thettof i~ not ~X paid, sat"sfied and dixharged sa:d MORTGAGEE msy at any time pay the samt w any p~A thereof without w~ivinp w a}fectinp any option, lien, puity a ;a •~aht under or by virtue of this mortgaye +nd the fvll amount of each and every such psyment shall be immediately due and payabk ~nd shall bear inte~at i•om the date thereof until p~id at rate of nine per centum per annum and tq~e r h inte~ett• be secured by the lien of th:s mwyt~t. 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