HomeMy WebLinkAbout1988 ~ ~ ~ 2,;z59Ei3 ~ _
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THIS INDENTURE, Mad~ th~ 2~'h day of ~~h A.O. 19~~
- b~twNn
E. 2. E., Inc., a Florida Corporation
of St. I11C'~8 , ~o~nty Flaida, FlffflM~fN dssgn+ted as tM "MORTGAGOR;' and FIRST fEDERAI SAVINGS AND LOAN
ASSOCUTION Of FORT PIERCE. • cwpaatan orp~nized ~~+d ex~?tinp w+da th~ laws of tM Unit~d S~~t~s of ArnKiu u~d havinp it~ ptinclpal pl+a of
busin~~s in the City of foA PiKa, St. luci~ Gounty. Florida~ ANtIMftlf dN1QM~~ u tM "MORTGACsEE."
WHEREAS th~ MORTGJIGOR is jvatly ind~bt~d to tht MORTGAGEE in Nw sum of =2~~~~•~ pood and lawful maay of the Unlted
Seaqs advanced by th~ MORTGAGEE u~to tM MORTGAGOR, as evidenced by • ctrtain promiuory not~ of even d~te M~ewith, af whicA tM fdlowirg i~
word~ and fiyurp it a trw copy. to-wif:
j,_~ZL.ZI~•~ No3~~
fwt PiKC~. Flwid~. M82'C~1 20 19~
Fw v+lw received, 1, vw a ~ither of us, promiie to pay, without def~lcarion, to the order of FIRST fEOERAL SA~VIN~GrS AND LOAN ASSOCIATION OF
FORT PIERCE at Forf Pi~ru, Flwida, th~ sum of = 2~s~~•~ with interesl from date ~t the rste of _J
tLaG per annum, in monthly inftall-
rnrr+ts ai follows: i201 a+ tM ~$t day of ~y 19~ ~nd • like sum on the care~pond~nq day of each month /Mrr
after until ths whola b~ fvlly paid.
Fach irotallment first shall be applied in payment of ths ioterest and the~+ on the unp~id bslance of tM principsl sum• If d+ult is made in tM
payment of any installment when dw, +nd wch defauh continues 30 day~, then ~t the optr~n of 1FK Fwlde~, ~nd without a~y other notice, sll the remsi~iny
~nstallmenrs shall be dw and p+yabl~ ~t once. Privilegs b~iven ro prtp~y this not~ in wlwtt w in part et any time witFaut pen+lty. Neithet forebtaru~ce,
nor acceptance by the holda~ thereof aiter any dehult in ~nY paYmenq hereon, sMll b~ deemed ex~ension. A late payment charg~ of ~~hall be ~
added to each installment remaininp unpaid 7 days after it~ dw date, ~nd a like sum shall be added to each such installment remaininp unpaid 7 days ~fter
each succeedirg psyment daro.
Each maker, swery ~nd endorser her~of, jointly and sevenlly, w+ives demand, presentment protest and notice of protest fw ranp~yment, ~nd funh~r
agrees to any extension of time of payment, either before w afte? matu~ity, without notice to any of us; arx) to pay all wsb of collection, includ~ny •
reasonabk attwney i fee in the event of any default hereunder, and hereby severally weives all benefit of homestrad and exemption under tl+~ cautitution
and I~ws of each St~te of tM Unitcd Sutes, as ayainst this obli9stion or any extension a rene~al ~reo~ ~C
• • •
Witness tM hand and ssal of each p+rty.
By: s/J. W. Mckson, President ~
Corporate Seal Affixed ~
. Attest: s/ Martha I?i.ckson. Secretar~~~z~er
~
~ ~36.60 ~ s~.ro a.r.~,~.
NOW. THEREFORE, ths NIORTGAGOR fw ths purpose of securiny p~yment of ~aid sum of ~ 24s~~•~ , and Mw performanc~ of tM
COVRMfIf~ ~~~~lmRny FIlftiMft~~ eapressed, and fa divers ~ood ~nd valuabb coruiderations, by t!~ pr~sents, do~s yrant, buq+in, s~ll, rtmise,
refees~, conwy and confirm unto ths MORTGAGEE, its svcceswn ~nd auipns, all tMt ceruin lot, piea or pucel of lu~d, aitwte, lyinp, and beb+p in t!w
~o„~~y ~ St. T,i1C~8 , ~nd Stat~ of Fbrid~, d~wib~d a follows:
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Lot 7, BRIAR4ATE SOBDIVISION, as per plat thereof ~recorded in Plat
Book 14~ °age 19, Public Records of St. Iucie Count~, Florida
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~ rogetMr with ~II and ~irgul~r th~ t~nem~nts, h~teditam~nb ~nd ~ppunanus tMreunto b~laqinp w in aeywis~ ~pp~rtalninp H~aNo, and all r~n», issw~, ?
~ pr«eeds and profin .ccn,irg and to +ccrw hom aid prernues, all of whkh w~ includ~d in tM ~bov~ and forpoinp dauiption ~nd hab~ndum.
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= TO HAVE AND TO NOID th~ abov~ d~wibd ~nd 9ranted pnmisn unro tM uid MORTGAGEE, its wou»on and aaipns forw~r. Md th~ safd
~ MORTGAGOR fw -~~s - F»in. ~x~cuton, ~dminiifnton and auipm, her~by coven~nts witi~ tFn said MORTGAGEE, itt wa~~wt wd a~ipn~,
~ ~hat it ~ lawf~lly ~eiud of th~ s~id premiws in fK simplr, that th~ sarn~ an fr~, chw ~nd di~dwrQ~d fran all IMn~ and ~ncvn?
~ brances in law a in equity, and that it+ will and itS I»ira shall wsrrant and d~f~nd tl» titb 1o tM s~tm to th~ tafd
3 MORTGAGEE, ib s~rcuswrs ~nd usyro, forev~r ayaimt tM I~wful cl~ims ~nd d~mands of a11 penomj
_ PROVI~ED. ALWAYS that if tM MORTGAGOR sh.ll p.y ue+ro the MORTGAGEE th. p.omiao~ry not• h.r•inb.for~ d.svib.d and ah.ll nuly, pramprly
- and fully perfam, d'adw~ye. ~xecua, compl~t~. canply wirh ~+d +bide by esch and ~wry tFw stipvlations, apr~rwn», caditiona uid oown~nn of s~id
- prom~ssory not~ and oi tha Mort9a~, th~n rhis Mwtpape and tM Estat~ ha~by aeat~d sh+ll uue and b~ rwll ~nd void.
IT IS UNDERSTOOD th~t the word "AAwtsapw" whether in the urgular w plw~l anywMn in tFws Mort~~. ~hall b~ sinpular if on~ only and
" shall b~ plwal ~ointly ~nd wvarally if mor~ th~n on~. ~nd tlut tM word "tl+~'v" n us~d ~nywh~~e in tha MwtyaQ~ th~ll be t~k~n to nrao •'hh." "Fwn.••
••i»:' wherevN the cont~at w impli~s or ~dmits. Alw, th~t wiwewr th~re is a r•f...nu in rh. cown+nn u+d apr.eewnn ha.in oomaiMd a.ny of ~
r ~h~ pa?ti~s h~r~to, tM san» sh+ll b~ corotrwd to rr~ao ~s w~fl u tM h~irs, I~yal rpr~wntdiwi, succ~ssas and auipns (~itMr voluntary by act of tM ~
psrties o~ invol~ntuy by op~ntio~ of th~ law) of tM ~arn~ and that th~ cwenann henin contain~d ilull bind and th~ b~nefits ~nd ~dvantapas i~ww~
' ~o the r~sp~criw Min, b0+1 reprrsenbtiva, wcc~s~ws and au~~ro of tF» p~ni~s herNO.
Md said Mwtyapon, fa tt+emwlves and th~ir hein. Ipal r~p?e~+t~tiws, succ~s~on and auipro. ha~by joit?tly ~+d w+rNdlp cov~nant ~nd aprw ~
_ ro ~nd with t!w said MORtGAGEE, in tuccessas ~nd assiyro: ~
1. To pay all and tirgular Nu principal and inter~st and th~ vaious and sundry wms of mornr pay~bb by virtw of iaid promiuay not~. and this
" ^,ortp+yt• tach ~nd wesy. PromPtly on tM days resp~ctivsly t!» sarn~ ~wr~lly becort» dw.
2. To pnr ~II ~nd sirgvlar th~ ta:N, a~s~ssments, bvies. IiabiliY~es. oblipatiau u~d encumbrancN of ~wry n+h+r~ +nd kind now o~ s~fd d~+albed
~ prop~rty, a that Mr~ahK may be impowd, suffKed. P~+nd. Iwi~d, o~ aaewd tlkr~on, a th~t hN~ahM m~y b~ Iwi~d w a~awd upon thi~ Mat¢
+p~, a tiw indebt~dness acw~d h~reby, each ~nd w~?y, wh~n dw aed payable. ~ocwdinp eo law, before tMy !»conw delinqv~nl, and befon any iM~rut
r~ anaches w a penal is intv~red; AND INSOFAR AS ANY THEREOf IS OF RKORD TME SAME SHAII SE PROMYTIY SATISf1ED ANO DISCHARGED OF
RfCOR~ AN~ THE ORIGINAI OifIC111t OOCUMENT (SIKH AS, fOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PMER OffICIAItY ENDORSED ~D~
~ OR CERTIFIED) SHAII dE PtACED IN TMf HANDS OF SAID MORTGAGfE W~THIN TEN DAYS NEXT AFTER PAYMENT; a+d in tM ~wnt that u+y ther~of i~ ew~
paid, s+Csfied and dixhar~ed said MORTGAGEE may at sny time p~y the sarrw a any part thertof withovt wsivinp a~ff~ttinp aMr option, li~n, p~ritr w
- •~aht und~r a by rinue of this mortysQ~ ~nd tM full amount of e+ch and every iuch paym~nt ahall b~ immsdi~tely dw ~nd pay~bi~ ~nd shall bear imer~st
~rom tM d~t~ tlkreof vntil p~id at r~te of niM per centum pa annum and roQetMr w~?h wch inte~est sF~all be secur~d by th~ lien of th:s morptye.
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