HomeMy WebLinkAbout1465 . . z~ss~
THIS INDENTURE, Mad~ the ].St- da of December A.D. 19 71 " bstwe~n
W3rlliem E. PadrlCk and Rosemar~r K~ Pe~r,~gk, hi a vi fe
o~ St. Lucie County Ftaida, hereinafta daiynared ~s t~ •"MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF FORT PIERCE, • corp;x~tion ap~ni:ed and eaistinp unda IM law~ of tM Unit~d Stath of Amatk~ aaJ Mvinp i» printipat ptac~ of
butin~u in tf» City of fwt PiKU. St. tuci~ Counry, Flwida, hereinahK daipnated as th~ "MORTGAGEE."
WHEREAS tM MORTGAGOR u jvstly ind~bt~d w th~ MORTGAGEE in the sum of =~3 ~3~~~ good and lawful m«+ey of the United
Srates advanced by tM MORTGAGEE v~to tM MORTGAGOR, as evide•xod by a certai~ promissory note of ~van date herewith, of wh~ch the tollowinp in
wor23 3o~~rMf a!rw topY. tawit:
s w ~ December 1 6
fort Pi~rc~. flo?ida. 19 ~
Fw value received, 1, we or eithe? of us, prom;se to psy, without dafalcation, to the order of FIRST FEDERAI SA'VIN'G$ AND LOAN ASSOCIA?ION OF ~
FORT PIERCE at Forf Pieres, Ftwid~, the sum of = 23:3~~~ with iMerest from date at tha rate of ~af pK annvm, tn monthly tnstalb
~nen1S u foltows: S 177'~ on the 1St ~y of February ~~97~ snd a like sum on the cwrespondn+p day of exh ma?th tMrr
after until Ihe whote bs fully p~id.
Each instellment (irst shaN be applied in payment of ths interest and then an fhe unpsid balance of the principal wm. If d sult is made in tM
~ ayment of any in~tallment when due, and such default conti~ues 30 days, then a1 the option of the hoWer, and without any other notics, ~II the remainirg
~ns~atlments shall be due and payabk at o~ce. P~ivilege is given to (xepay tFis note in whole or In part at any rime without penalty, Neit faebearancs, i
nor acceptance by ~he hotder the~eof aftev a~y defaul~ in any payments hereon, shall be deemed extens;on. A late payment chsrge of ;~85
- thall be `
a3ded to each ins~allmcnt remainiry v~p~id 7 days after ia due date, ~nd a like sum shall be added to each such installment ramaining unpaid 7 days after ~
~ach sutteeding paymcnt date.
t
Each make~, surety and endaser h~reof, joi~tly and seven0y, w+;ves dcmand, prestnrment protest and notice of p~otest for noe+payment, ~nd furfher
ag~ees to any extenicon of t~me of payment, either before o~ aftcr maturity, without ~otrce to any of us; and to pay all costs of co~lectia?, includ~ng a
reasonable attorney's fee i~ the event of any default hereunder, and hereby severally waives all benefit of homestead and eaemption under the constitution
a~~d laws of each Sfate ot the United Statcs, a~ against this obligatio~ w~ny extension or renewal hereof.
Wirness the hand and ual of each party. i
i
3 8I4 • 8 ~C ~AU
(SEAu
s Rosemary K. Padrick ~
c ~ ~aoc~c~uoe~e
-c?*.r~p.-caKd I~i ~w ~i~iw.F.~.h)
NOW, THEREFORE, the MORiGAGOR for the pu?pose of sacuri ~3~30~~~ performance of tM
~g psyment of taid wm of S . and tM
cover~anb and aprcemenq hereinatter expreued. ~nd for dven gooJ and vilwble conside~atioro, by the~ presents, does p~a~t, bsr9~in, kll, remise,
~e!ease, conwy and firm unto tla MORTGAGEE, ib a?cceuors ~nd ~ssig~s, all tMl urt~in bt, piec~ w pucel of land, situate, lyinp, and beieg in ths
Counry of L~ie u~d St~te of Florida, d~scribed ~s follows:
Lot 13, Block 2, SUNRISE IiCMESITES, as per plat }~ereof on file in P]e. t 3ook 13,
page ].l~, of the Public Recorda of St. Lucie County, Florida~
_ `
~
t
t
~
This mortgage is executed for the purpoae of ~
replacing the original of aortgage recozded ?
in O. R. Book 197, page 1891, which origi~nal
instruaent was inadvert~tly aarked ~'Cancelled" i
when no cancellation was intended thereby.
; State docaaentazy staaps and intangible personal
property tax receipt are affixed to original
f mortgage referred to above.
3
!
i
1
rogether with •11 ~nd sinpulsr the tenemenn, herediaments and appurtancea thtrsvnto belowpirg a in ~nywbe app~rtaininp tMrMo, snd all nms, isw~s,
proceeds and profib accruing and to scvu~ from s~id p~emises. all of which ~re induded in th~ ~bov~ ~nd fw~oirg description and Iwb~ndwn.
; 10 HAVE AND TO HOLD the abow described ~nd ~ranted premis~s unto tl+~ saW MORTGAGEE, ib wasstors and ~uipna for~v~r. Ard t1y uId
~ MORTGAGOR for - the~ hein, e:ecuton, administr~ton and augns, her~by coven~ny with th~ said lNORTGAGEE, i» axcesson ~nd assipnt,
~hat t~'1Bit 8I'6 lawfully a~ized of ths said pr~mises in fse sknplet that th~ sun~ ~r~ fr~, ctear u~d dbclwr~d irom dl tiens and ~ncv~n~
; brancts ir? I~w or in equify, and tMt t~y wi(I and - t~~' heirs shalt worant ~nd d~ftnd th~ titb fo tht saen~ to th~ said
! MORTGAGEE, in svcs~uors u~d wgr?s, fortver ~ys'u~st tM Iswful daims snd danandi of all penaas
i PROVIDED, AIWAYS that if the MORTGAGOR shafl pay unto the MORTGAGEE the promiuay rat~ her~inbefor~ dactib~d and aM11 frutp, promptly
and fu11Y perfwm, d'nd~+r~t. ~xec~t~. complete, comply with and abide by e+ch ~nd ~wry the stipulitions, apreemenn, conditiorn and oown~nb of aid
promittpry note and of thb AAatpage, then this Matyp~ u~d the 6t~t~ her~by vested sMll ua~ and be rwll snd void.
)T IS UNDERSTOOD that tht wwd "Mort9apor" wMther in tFw ~inpula~ w plw~l anywh~re in this Mort~ap~, sball b~ sinpvtar if orn only and
sh~ll be pt~ral iointly and ~vN~lly if mw~ than on~, uid that th~ word "their" as wed ~nywMre io this Mwtyay~ sh~ll b~ t~k~n ro m~an "hq," •'i»rs"
or "iri;' wh~revN th~ contfxt to impl;es or sdm~ts. Alio, tMt wl+rtever the~e is a nfere~n in the coven~nta u~d apr~emenq h~r~in oo~t~ir»d to any pf
the p~?ries hereto, the s+rt~t ~F~SII be consrrued to mean as well u the M'us. Ipal represM~ative~, sucussws and assipr?s (~ithe~ vol~rntuy by act of th~
pan;es o~ invelun~uy by opu~tion of th~ law) of the sarrw and tMt the coven~nb htrsin contained sh~ll bind and tFN b~oef;» and advaNapes Mw~
, fo th~ ~espectiw hein, I~p~l rep~es~nt~tives, wccessors and ass:yra of th~ put;es Mr~to.
Md said Morrpayon, fa thems~lws ~nd their heirs, Ipal-sep.esentakves, successws and ~u;y~s. I+~r~by joinNy and wverallr covsnaM ~nd aprK ~
To a~d with the said MORTGAGEE, its succes~o~s ~nd ass;yrn:
~
1. To pay all u+d unpula. ~M p.~nuPa~ •od interat and the variovs ~~d wndry wms of money paYable by virtw of iaid praniaswy nor~. ~nd thii
mortyag~, exh ~nd wery, promPtly on tFa days respsctivdy ttw ~ sewrally becorn~ due.
2. To pay dl and ai~gular the taxes. ~uessrr~n. Iwies. IiabiliGes, obiiy~tions ~nd ~ncvrnbr~nas of ~very nstw~ srd kind ~ow p~ pid J~r~
prop~r~Y. o~ that hsre~fter m~y be imposed, svfferad, vbced, kvi~d, w asesud thereon, a thst her~af»r may b~ levied w u~sMd upai thts Mwq-
age, a tFw ind~btsdneu uawed hereby ~ad~ ind ev~ry, wh~n dw and pay~bl~, accwdinp to law, b~for~ th~y becorn~ d~~irWwnf, u~d b~ion ~ny Mna~st
attaches or any pen~lty is inturred; AND INSOfAR AS ANY iHEREOF IS OF RKORD THE SAME SNAII SE PROMPTIY SATISf1E0 AND DISCFIARGED OF
RECORD ANO THE ORIGINAt afFfC1AL Dl7CUMENT (SIKH AS, FOR INSTAMCE, iHf 1AX REtEIYT OR THE SA715fACTION PAVER OFFtC1ALlY ENOORSEO
OR CERTIFIED) SHAII SE PUCED IN THE MANDS OF SAID MORTGAGEE WITNIN TEN OAYS NEXT Af1ER PAYMENT; ~nd in the ev~M that ~ny tlx~~of it not
pa~d, sat"sfied and dischar9ed sa:d MORTGAGEE may st any time p~y tht iame w iny`~a1(~fM1116f ~rii~g~t.w!iYi(~~ ~(~tiqp aqy option, litn, ptrity or
•;aht under or by vi~tve of tAis morty~ye and the full amo~m of each and ~very wcl~:yi~tn~ ~Fydj,~F ~ately w~od plyatffe a?d shall b~ar i~tereu
~~om the date thereof until psid at r~
~~~er?s~~~nd tope~he?~ wtth~ sulfi ~InterlN i~ II b!''*eAisb t~y lM.rK~ of th:s morqt~. _
~IIMC 1' •
° , , _ - - -
,i ~ ' „ ~
~
..ta~wx~..:~ ~ , _ . - _ : .y I ~?i~ "~'n' ~
# . . . _s'^^~-.~nvs.._,..~3 ~'ti~