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Home My WebLink About1540 ~ v THIS INOENTURE, Ma~ tP~n 6th day of ' ~~h A.D. 19 72 betwN~ _ Wr~vne W. Arnol anid Eli'$abeth A. Arnold, his wife _ of `St• ~Cie Covnty Flaida, htreinaitt~ design~ted ss th~ "MORTGAuOR," and iIRST FEUERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIEIKE, a corpaation or9~ni:ed and cxis?ing under tM laws of the Unlrcd S+at~s of Americ+ sod havinq itt princip~l plu~ of busin~si io tM City of Forl Pie~u, St. luci~ Gounty, flotida, M~~in~i1K despnated u th~ "MORiGAGEE:' WHEREAS tht MORTGAGOR is jwtly i?+debted fo the MORTGAGEE in tM sum of = ~ 8~~0~~ good and lawful money of the Un~tcd Srates advanced by tM MORTGAGEE unto the MORTGAGOR, as evidenced by a certa:n promis~ory nott of even date hcrewith, of wh~ch the following in i ~ c~i'~O~fi~Yrif is • t~w copy, to-wit: ~ tS (~u t ~ 3-18,050 Fort Pierce. Flwids. ~~h o 19 7~ Fw valw received, I, we w either of us, promise to y, wiihout defalcation, 1o the order of FIRST ~EDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fwt Pierce, Fbrida, the sum of f ~ 8~~'~y,,~. w~th interest from date at the rate of ~'~°o pet annum, in monthly inslall- ~ ~~ents ai Followi: i ~~6'~ a+ 1he ~ st' d~Y ef r''`~ . ~9?? and a Iike sum on ~fie cwreapond~np day of each month there- afrer until the whola be fully paid. Each installment first shal! be applied in payment of the intcrest a~d then on the unpaid balance of the prinupal sum. If d avlt is msde in the Fayment of any inatallment wFK~ due, and such default con?inues 30 days, then at the opti~n of the holder, and without any other notice, all the remainirg ~~,stallments thall be due a~d payable at once. Privilege is qiven to prepay this note in whole w i~ part at any time without pe~aity. Neitqher ~fo~rebearance, nor acctptancs by the holder thereof sfter any defa~lf in any payments hercon, ahall be deemed extens~on. A late payment charge of =~L, shsll be added to each insta!(ment remaining ~npaid 7 days sfter ib due date, snd a like sum shall be added to each such installment remaining unpsid 7 days after each sutceediny paYme~t date. Each make~, surery and endaser he~eof, jointty and severally, waives demand, p~esentme~t protes~ and norice of p~otes~ fw nonpayment, and fuAher agrees to any extension of tirt+e of payment, either befo~e or after maturity, without not~ce to any oi us; and to pay all costs of collection, includ+ng ~ rea:onabk attorney's fee in Ihe event of ~~y default hereunder, and hereby severally waives all benefit of homestead and exemption under tix constilutan a~~d laws of each State of the United States, as against this obligation a any extension w.enewal hereof. Witness the hand ~nd usl of each party. _ s/ ~Ts~yne iI. Arnold ~„u A f 1 s Elisabeth A. Arnold ~A~~ tsEau { ~7 ) St~t~ Revenw ' ; NOW, THEREFORE, the MORTGAGOR fw the purpose of secv?ing payn+ent of said sum of = ~ 8~~~•~ and the performar+ce of ths covensnts and ~g~aeme~+ts hereinafte~ exp~essrd, and fw divers yood +nd valuable considerations, by these presents, does grant, barga~n, sell, remise, reiease, tw+vey and confirm unro the MORTGAGEE, itt succeuors and suigns, atl thst certain lot, piece ~ parcel of Isnd, situate, lying, and being in the Counsy of St. ~1Cie and State of Fbrida, dewibed +s follows: ~ Commencing on the •N/est line of the NF~ of the SW~ of Sectian 26, Tamship 35 ~ths ~b'e 40 East at a point 286 feet south of the Northirest corner thereof, and thence run East to the Indian River, thence North~resterly meandering the West shore line of Indian River~ a distance of 102.2 feet theace ~bst to the West line of the N~`of the SW~ of said Section 26, thence South along the West line of NF}d of S1~ to point of beginning; same being part of the NF3~ of the SW'~ and a part of Gavernment I~ot 4s all in Sectian 26, To~nship 35 South, Range 40 East~ogether xith R3parian Rtghts there- ~ unto belonging or in aqyvise appertaining. E%CEPTING, HOWBVER, from ~ the above described land the right-of~rra~y of the public road Irno~m as South Indian Riv~er ~ive, and the ~tfght-of~r~yy of the Florida East Coast Railxay Co~par~Y. + F ~ w STAT t~F t= L O R! U~? . m o?x PAY~:~rrc eF vu?es ; caM DOCUt~iEi~TA°~ ST~~~tP TaX LMIEONGIASS'CINTANGIBIEPERSONALPROPERiY, / ~ z _ a .,.y' _ ~ -1 ~ = NiR16'72 ? - = P~itS~;ANT TO CNAPTER 71-134. IICTS OF 1971. !?'?cU ~ F- ~ - 2 7 0 k_~t,~~ POllR~sS, Ga:k C:tcuR CouT. St- Wu' ~'o• F3- ~ ~s = _ N ~ C[ii.tif REMEt'Irt • K P.B. ~9 0 ~ _ - f ~ together with all a~d sin~ulsr ehe tenemenri. Iroredit~mcnri and appurtances thereunto be{onginy w in anywise appert~ining iherero. and all renn, itsues. p~oceeds snd profin acuuiny ~nd to ~ccrue from said premises, •II of which ~re included in tMe above and fo~egoiny dssuiption and Mbendum. a TO HAVE AND TO HOLD th~ sbova dewibed and yraMed prcmises unto tM said MORTGAGEE, iri s~ctessws snd assigru fo~evK. And tFw ~aid ~ MORTGA~R for a~ their ~;n, executon, administr~ton and assigru, hereby cov~nsnb vrirh fhe said MORTGAGEE, iti successors ~nd auigm, ; rhat 118~ lawfutly seized of ths said prsmisss in fee simple; tMt the sama are free, dear and dixhsr~ed from all liens and a++cue?~ ~ brances in Isw or i~ puity, and that th@p will sed th@~ hein shail warnnt and defend the title to the samt to 1F» aid MORTGAGEE, iq successon and ~ssiyns, fwever ayai?at tM lawful clsims and demands of all perwr?s; ~ PROVIDED, ALWAYS tMt if the MORTGAGOR tha!I p~y u~ro the MORTGAGEE the promiuwy rate hereinbefwe described ~nd shsll truly, promptly and fully perform, discharQ~, execute, compkts, comply with and abide by each and every the sripulations, agrecments, conditiaa ~nd oovenanri of s+id 1 = promissory not~ and of this Matyaye, then this Mo?ty~e and the Estste hereby ueated shall uss~ and be nu{I snd void. - IT IS UNDERSTOOD 1Mt the word "Mort9~yw" whether in the sirguln w plural ~nywhero in this Mortgape, sfiatl be iinyulH if w~e only ~nd ' : shall be plurd jointly ~~+d atverally if mort than one, and that the wwd "their" as used ~nywhere in this Morty~ye sMll be.taken to mean ••his;• •'hers•• , - or "its;' whereva the conte~ct w implies a ~dmits. Also, that wF~ereve~ there is a referenct en th~ cove~ants and agreemenb herein contained to +ny of s? the parties hereto, the ~ame shall be canstrued to mean as well as the F~ein, lega) npresent~tivet, successon and auiyns (eithe~ wlunury by acl of the ~ ~ parties or involuntary by operation of tM law) of the s~me and that the covenants Ftcrei~ contained shall bind and the benefitt and advintsyes inutt ~ +o tFw respectiv~ hein, ley+l repressntatives, s~cceuas and asa'yns of tM puties hereto. ~ Md asid Nbrt9+gors, for themselvts and their hein, le~~l reprexntstivd, successors a~d ~uiy~s, hereby joimly and sever~lly covenant and ayne ~ = ro snd with the ~aid MORTGAGEE, its succsuors and auiyns: 1. To pay ~1) and sirgular the principal snd intasst ~nd th~ vsrious a~d sundry wms of money p+yable by virtue of said prom~swry note, aad this mortyaye, sach u~d every, promptly on th~ days respectiv~ly ihe same sereraliy become due. Y. To p+y ~II and sirgvlu the t~:es. ~ss~sune~n, levies, liabilities, obligatiw?i and sncumbrsnces of every nature and kind now on uid deuribed ~ g rs property, or that hereaher may be imposed, suffet e d, p t~s e d, kv i e d, or + u e s s e d t h erew~, w t h a t h ereafter may b e lev~ e d a usessed u p o n this M o r t Q- - age, o~ th~ i~debtedntu tecured hereby e~d? +nd every, when due and p+yable, xcordirg ro Iaw, beiore they become delinquent. •nd befor~ ~ny im~rat ~ attaches or sny penalty is incurred; AN~ INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII 8E VROMP1lY SATISf1ED A~ID DISCMARGE~ OF p - RECORD AND TME ORIGINAL OFFItIAI DOCUMENT (SUCM AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffIC1ALlY ENDORSE~ OM F OR CERTIf1E0) SMAII dE PLACED IN THE HANDS OF SAID MORTGAGEE WIiNIN TEN DAYS NEXT Af1ER PAYMENT; and in the eve~t tMt any thereof i~ not ` aid, sat'sfied ~nd diuha~ ed u:d MORTGAGEE ma at an time the st~me a an rt the?cof withour vvaivi w affecti an tio~, lien, ui a S P 9 Y Y D+Y Y P+ ^9 ^9 Y oP ~4 fY •~qht under or by virtue of this mortgsye snd the full amount of each and every such payment shall be immcdiately due and paysble and shall bear inreresr ~ i.om the date thereof uNil paid at nte of n~ne per ce~tum per annum and toge+he. w~th tvch interesr ihall be secured by ?he lien of th:s moryts9e. .z ~ _ Y~ ~ ~ ~ ~ ~ u~ ~ ~ - Mes<'-~~~~~ ~ ~~a~""~~s._, ~"~.R - _ ~ : ~~e'; e ~ ~ `<~"i ~ ~ t~s~ ,.t.' w^,sa;~ r ~ ~'~r ~ "°1~^`.sE ~:`~`?»a~c`a~~~.