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Home My WebLink About0743 . THIS INDENTURE, Msd~ the 3rd d,y of ~rch q,p, ~q 72 betwern Ray Allen Bays and Mary Ann ays~ hYs wite ~ of St• j.1aC~@ Ca?nty Flwida, h~~~~naf~er deignated as th~ "MORTGAGOR;' and F~RST iEOERAI SAVINGS AND LOAN ASSOCIATION OF FORi PIERCE, a corporat~on wganized and ex~sting u~de~ ~M laws of ~M United Su~os of Amarica ~nd Mvinp its principal place of busineu in tM City of Fwt Pierce, St. lutie County, Flaida, hereinafter desiynated ai tM "MORTGAGEE:' WHEREAS ths MORTGAGOR is justly indebted to the MORTGAGEE in 1M sum of 6QD.a~Q good and lawful money of the Un~ted States advanced by the MORTGAGEE unto the MORTGAGOR, aa evidenced by a certain promisso?y ~ote of even date herewith, of wh~ch the followinp in words and figures is a frus copy, to-wit: s 14~ 6pp ~pp r,~, 3-18.047 W~t Pierce. Flwida. ~''larch 3 ~y 72 Fa value ~eceived, 1, we or either of us, prom~se to pay, without defalcation, to the order of FIRST FEDERAL SAVINGSS ANO IOAN ASSOCIATION OF ! FORT PIERCE at Fort Pierce, Florida, the sum of = 14~6~~~ w;th inte~est from date at the rate of 7~7~76 pe~ annum, in monthly instal6 ~nents as fottows: S 138~~ on the 1St day of ~y , 19 72 and a like sum on the carespondirg day of each month there- after until the whole be fully paid. Each insta:lment firat shall be appliad i~ psyment of the interest and then on the unpaid balance of the prinupa) sum. If d a~h it made in the , F:ayment of any i~stallmcnt when due, and such defautt con~inues 30 days, then at the optr~n of the holder, and without any othe~ notice, all the remaining :i~sta1lments shall be due and payab~e at axe. Privilcge is given to prepay this note in whote w in part at any t~me wi~hout penalty. Neither faebear~nce, nor acceptance by the holder thereof after any default in any payments hereo~, shall be deemed exte~sion. A late payment charge of i~• shal) be added to each installment relnaini~g unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days ~fter each succeeding payment date. Each make~, surety and endorser hereof, jointly and severally, wa~ves demand, p?exntment p~otest and notice of prote~t fw nonpayment, and fuMher agrees to any extensan of time of paymem, eithe~ before o~ after maturity, without not~ce to any of us; and to pay all costs of collection, including • reaso~eable atto~ney'a fee in the event oF any default hereunder, and hereby severally waives all benefit of homestead and exemption under fhs constitut'an ~:~d laws of each State of the United States, as against this obtigation w any extensio~ a renewal hereof. ~ Witncss the haad and ual of each party. S/Ray Allen Ba„ys ~u tS~?U S/Mary Ann Bays $21.90 ~ ( State Revenus NOW, 7HEREFORE, the MORTGAGOR for the purpose of iecvring psyment of said sum of = ia ~ 6~ , ~nd the performance of tM covenants and agreemcnb F~ereinafter expressed, and fa divcrs yood and valuable coruiderations, by these p~esents, does gr~nt, bsr9ain, sell, remise, release, convey and confirm unto the MORiGAGEE, iri aucceuors and auigns, all that certain lot, piece w pucel of lu~d, situat~, lying, and beiny in ths Couny of $t • L~ ie ud State of F{orid~, described ~s follows: Begin on the Ba?st Right-of-Way line of Bla pvenue and at a point on ~ - ~ the West line of Outlot 2 of the Plat of WHITE CITY SiBDIVISI4d as recor de d in P la t Boo k l, page 2 3, o f t he p u b lic zeco r d s o f S t. L u c i e County~ Florida, xhic6 point is 225 feet South of NW corner of said ~ i Outlot 2; thence gast, parallel with the North line of said Outlot 2~ ' 260 feet; thence South O deg. 17~ ainutes West~ parallel to the west ~ line of said Outlot 2(Bast Right-of-Way line of Bla Avenue), 122 feet; f~ f thence West 260 feet to the fiast Right-of-Way line of Bla wvenue (West ~w ~ ? line of Outlot 2); thence North O deg. 17~ ainutes Bast, along the ~ ~ west line of said Outlot 2(Bast Right-of-Way line of Bls Avenue), 122 ; feet to point of beginning; containing .728 acres, aore or less, € Y ~ ~ ; - ~ ~ W S ila~~ E~- LU~I~~A ' ~ ~ T SiI~~P 7t+X ~ v DOCUt~~J ~a". ~ , ~ a = ttAR-8"tt 'f - ~ _ ~ (n U LEii.OF t[F[R9E ~ ~ - ~ ~ pt3,~9oti~x ~ ~ ~ ~ ~ rogether with all snd singulsr the tenementa, hereditaments and appurtances therevnto belonyiny or in anywae ~ppertaininp thersto, aed ~II r~nri, iuu~s, c~xceds and profin uouing ~nd ro ~cuue from ssid premises, afl of which ue included in the sbow and fwe~anp dtscription ~nd Mbendum. ~ TO FIAVE AND jO yOID the above desaibed snd 9ranted premises unto tl+e said N10RTGAGEE, ia successon ~nd auipns forever. Md ti» s+id ~ MORiGAGOR for tIIelr executon, administr~tors and assigns, hereby covsnants with tlw ~aid MORTGAGEE, iri suttessws u+d assiprn, ihat ~--aZe--- lawfully seized of the said premists in fse simplr, that tM same are ir~ clesr and disch~rped from all lie+~s and ancw~? - brances in Isw or in equity, and that they will and their heirs shall warrant u~d def~nd tlw titb ro tM wm~ ro tM s~id r~ MORTGAGEE, its successors and assi9as, fwever syainst the I~wfvl claims and demands of all persons; PROVIDED, ALWAYS tMt if the AAORTGAGOR thall pay unto the MORTGAGEE th~ promissory note hereinb~fw~ datribed u+d ahall truly, ptomptly and fully perfam, d~uMrge, execute, camplete, comply with ~nd sbide by each ~nd every tAe stipulatio~s, preert~ents, conditiom and oovenann of uid '~s promissory note and of this Mortgspe, then this Mort9aye and ths Eatste he~eby created shall u~f~ and be rwll and void. IT IS Uf~DERSTOOD that the word ••Mortga~w•• wheths~ in ti~e singular a p{ural anywher~ in this Mortys~e, ahafl bt sinyular if a+~ only ~nd ; shatl be plural joimly ~nd seve~ally if more than one. ~nd that th~ word "their" •s used anywlkr. in ehK Mo.rQ,p. shall b. uken ro ~a.an "hu:• ••~~s:• " w"its;' wherever the conte:t w implia w admits. Also, that wherever there i~ • nference in the covenann and syr~smenn Ixr~in ca+tained ro~ny oi ~he parties hcreto, the tame sMli b~ construed to m~sn ai welt as the Ixin, leyal representatives, succeuon ~nd auiym (either volunury by sct of tlw ~ parties or involunt~ry by operation of the Iaw) of the same and that the covenama Fxrein contained shall bind u+d tFw bu+efib and advantay~s inur~ ~ ro the respective hein, Ipal representatives, sutcessors and au'yr» of tM p+nits htreto. 'i~ And said Mortyagors, fa ft+emselves and thtir hein, leysl rep~esenatives, tucceswrs ud auiqru, hereby jointly ard wverally covena~t ~nd ayree { to ~nd with the said MORTGAGEE, its succes~on u+d assigro: ~ 1. To pay ~!I ~nd tinpular thc principal and interest and t1~e various and iundry sums of money p~yable by vinw of said promiswry ~wte, and thit = morty~e, each and evcry, promptly on tl+e days respectively the same sev~nlly becan~ dw. 2. To pay all ~r?d singvla~ tM ta:es. assessmenn. Itviq, liabilities, obliyations and tncumbr~nces of every naturt ~nd kind now on t+id d~wibed - p.operty, a that hereaher rrHy be im~w~ed, wfferd. placed, levied, or aueued thereon, a tMt hereafter may be lev~ed w asu~Kd ~pon this Mwtp- +ye, a tM ind~bted~eu secured hereby, ~ad+ and sv~rp, when dw and payable, accwdirg to law, be4we they becorr~ delinquent, and befw~ aMr inter~st attaches a any penalty is incurred; AND INSOFAR AS ANY THfREOF IS OF RKORO THE SAME SHAtI SE PROMPTIY SATISFIED AND DtSCMARGED OF RECORD ANO THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffICIAIIY ENDORSED OR CERTIFIED) SNALL BE PlACEO IN THE HANOS OF SAID AAORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and discharged sa:d MORTGAGEE may at any time psy the same w any part thereo( without w~iviny a aftediny ~ny option, liee, puFry a ` •~pht under os by virtue of this mortgage a~d the full amount of each and every tuch payment sh~ll be immediately dve and payable ~nd shalt bear interes? j ~rom the date thereof unti! paid at rate of nine per centum per annum and t uth interes ~1 be secured by fhe lien of tb's morgtaye. ~'3 f~ _ _ ~ ~ . - - - - - ~ - ~ ~ S ~ ~ ~ ~ _ , ~ `~;3 ~ ~A ~ _ . _ ~ _ . : ~ _ _ ~ ~ vr,~: