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Home My WebLink About1237 ~r.rv-=v~ _ THIS INDENTURE. Mads ~hs l~th ~y of March • A.D. 19? ~ betw~en Frank W. Race, Jr. and Betty L. Race, his Wife _ of S}~~ i»~=i p County Fiorida, Mreinafter detignated ~s the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN ASSOCIAiION OF FORT PIERCE, • corpa~tion wg~nized and existin9 unde~ the laws of tM Un~ted Statos of Americ~ and havin~ iti principal place of businei~ in tM City of Fwt Piace, St. luca County, Florida, hereinaftsr dci~~a~ed as tM "1NORTGAGEE:' WHEREAS tM MORTGAGOR is juitly indebted to tM MORTGAGEE in the sum of i 2~~~•~ , good ar+d lawful mo~ey of the Un;ted Sratei adva~ced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa n promisswy note of even date herewifh, of which the (ollowing in word2a f~ur~is a trw copy, to-wi?: 3-1a~0•r1 _ ~ • tJp Fort Pieres, Fle~ida, ~~h ~0 19_1.= For value received, I, we w ei?hcr of us, prom~se t~ p~_w:~t defalcation, to the o~der of FIRST FEDERAL SA~NGS AND IOAN AJSOCIATION OF FORT PIERCE at Fort Pierce, Florida, the sum of i ~~~A w~th interesr irom date at ~he rate of 9~u per annum, in monthly install- ~,enrs as fol!ows: S 21-~ on the _~~e. day of M~Y , 19__Z_ and a I~ke sum on the correspond~ng day of each month there- afrer until the whole be fully pa~d. Exh inseallment first shall be applied in payment of the inte~est and then on the ur.pa~d balance oi the prinupal sum. If d sult is msde in the paymenl of any installmenf when due, and such default continues 30 days, then at the opt~on of the holder, and without any other notice, all the remaining ~nsrallments shall be due and payabte at once. Privileye is given to prepay this note in whole or in part at any t7me without penalty. Neither f ebeara~ce, ~or acceptante by 1he holder thereof after any default in any payments hereon, shall be deemed extension. A late payme~t charge of S~' ~ shall be added to each i~staltme~t remaining unpa~d 7 days after its due date, and a like sum shall tie added to each such instaltment remaining unpaid 7 days after each succeeding payment date. Each maker, surety and endorser F~ereof, jointty and severally, waivcs demand, presrntment protest and notice of protest fw ~onpayment, and further agrees to any extensan of t~me of payment, either before or after maturity, without ~ot~ce to any oi us; and to pay sll costs of coilection, includ~ng a reasonable atrorney's fee in the event of any default hereunder, and ~ereby severally waives a~l benefit of homestead and exemption u~der the ca+stitution .~~~d laws of each State of the United States, as against this obl~gation or any extens~on or renewal hereof. W~tness the hand and seal of each party. (SEAL) S aTl • aC@ ~ 2' . (~Al) (SEAI) S ~ • C@ ( 3 • 7~ ~ Stats Reven~e '17raMlp!'t7Mtlf Il~'~R'aTl~t H~R t'IaT~ NOW, THEREFORE, thc MORTGAGOR lor the purpose of secvring payment of sa~d sum of = 2~7~•~ and the perfwm~oce of the cavenants snd agreemenb hereinafter expressed, and fw divcrs good and valusble considerat~ons, by these p?esents, does gra~t, barga~n, sell, rem~x, re~eax, convey and confirm unto ihe MORTGAGEE, its succeuors ~nd suigns, all that certain lot, piece or parcel of I~nd, situate, lyin9, and being in the ~ou~Ty o{ _ $t• I,UCle , ~nd State of Florida, dewibed as follows: L~ 16, Block 2~ Sandra Court, according to a plat thereof recorded in Plat Book 8~ page 1~5, of the Public Records of St. Lucie County, Florida, _STATE ~F f=LORIUA a'' ~ STI~MP 7A X v ~ pOCUMENTA~~~ _ 3~ _ ~~~2-•`~ 3?5= ~ U ctrr.rr ~tmnc . z = ` - {39,N01 t2 ~ This is a second mortgage, being inferior only to a prior first mortgage from mortgagors to mortgagee dated ' September 23rd~ 1971 and recorded in 0. R. Book 195 page 2576, of the Public Records of St. Lucie County, Florida~ ~ # m~ ` Ff~E.~1'ri? _ IY PAYM.~,'iT Of 1Wi~S ; LtiiE GY CIASS 'C INLtN~IRIE PERSO~ti.1t PF'CPERIY, F:•~oili~lii id CJiAPTER 11-134, ACTS Of 1971. /1/~' ~ ? RQEER P01?RAS, C1erk Ctrcuk GoutL ~t. Uxia Co. F!~ ~ ~ ~ toge?her with all snd sing~lar the tenements, hereditamenh and appurt~nces tF?ereunfo belotgirg o~ in anywise ~ppertainirg thereTO, a~d ~II rtnts, isiues, ~ proceeds snd profits acvuing and to accrue from said premises, all of which are included in the abovt ~nd foreyoing dewiption ~nd habtndum. ~ TO HAVE AND, r0 t101D the above dewibed and granted premiies u~to the said MORTGAGEE, its stictessors and suipm fotev~r. Md tFr said F MORTGAGOR for - T.t~ieir ~~~s, executws, administratas and ~isigns, hereby covenanri with the said MORTGA6EE, its uxcesson and ~stipro, ~ t.11@V Sl'@ ~ rhat Iawfully seized of the said premises in fee simple; that the same ~re free, dear and discharged from all liern u~d ena?m~ ~ brances in Iaw or in equity, and thss they M,;~~ and ~ t•~iY' hein shal! warrsnt and defend the tiNe to tM sarm ro tM said MORiGAGEE, its iuccessors and aui9ns, faever a~ainst the Iswful claims ~nd demandi of all perwns; :s - PROVIDED, ALWAYS thst if the MORTGAGOR shall p~y ~nto the MORTGAGEE the promiswry note hereinbefore desaibed ~nd shall truly, promptly ' and fuily perform, d:schsrge, execute, complete, comply with and ab~de by each and every the stipul~tions, agreements, conditia~s ~nd cwenants of s+id - promissory note and of this Mwtg~ge, then this Mwtg~ge snd the Estate hereby ae~ted shall cease and be null ~nd void. IT IS UNDERSTOOD tMt the word "Mortgsga" whether in the singular or plwal a~ywhere in this 1Nortgaye, shall bt sirgular if on~ only ~nd sh~ll be plural jointly and teverally if more than one, +nd that tM wwd "their" as used anywhere in this Mwtyape shsll be taken to mean "his;' "hen," ~ cr "its;' wherever the context so ir!splies a adrrits. Also, that wherever there i~ a referenu in the covenants ~nd ayreements herein toatainsd to any of the pari~es hereto, the same ihall be construed to me~n as well as the heirs, ie~~l reprasentativp, successon snd assigns (either volunNry by ~et of tht parties or i~voluntary by operation of the law) of the ssme and tFut the covcnsnts herein contained ihall bind ~nd the b~nefits and ~dv+ntayes kwr~ = to the respective heirs, le~al repreuntatives, succetson and au~gns of tM psnip hcreto. - Md said Mwtgsgo?s, fa themulves and their I+ein, leyal represenUtivq, wcusiws and aui9ns, hereby jointly ~~d sev~rally cov~nant ~nd ~yree ro and with the said MORTGAGEE, its ~uccessors and aug~a: - 1. To p+y all ~nd singut~r the prirKipal •nd intere~t ~nd the variws and sundry iums of mo~sy payabk by virtue of said promissory note, and this mo~t9~ye, each •nd every, promptly on the d~ys respecrively the same sewrall~ become due. _ Z. To psy all and sinyul~r the taxes, auessmenb, levies, liabilities, obligatiora and encumbrances of every n~ture ~nd kind now on said deuribed _ property, or that Froreaftar may be imposed, wffered, pl~ced, levied, a ~ueised thereon, or th~t hereafter may be lev~ed or ssussed upoe~ thb Mortg- age, w tM indebted~est sec~red he~eby, each and every, when dve +nd payable, auadinp ro law, befwe they becorn~ delinqua?t, ~nd befa~ any interest - artaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORO iHE SAME SMAiI BE PROMPTLY SATISFIfD AND DtSCHARGED OF RECORD AND THE ORIGINAI OFfIC1At DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllT ENDORSEO - OR CERTIf1E~) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any Ihereof is not paid, sat sFied end diuhsrged ta'd MORTGAGEE may st any time pay the same o? any part thertof without waiving or +ffettirg any option, lien, equity p •~aht u~der w by v~rtue of this mortgsge and the full smount of each and evcry such paymem shall be immediately d~e and pay+bte ~nd sMll bear interest ` ~.om the date thereo( u~til paid at r~re of n~ne pe? centum per annum ~nd together~~~resb^ a'~u~ed by the lien of th:s moryu9t. ;5 , ~AY[y - - - ~ ' _ . ~ . _ . . . 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