HomeMy WebLinkAbout2416 z;~s2~~ ~ ~ ;
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TNIS IN~ENTURE, AA~d~ tA~ 22nd day of ~~Y1 ~ A.C. 1972
- b~tw~en
Kenneth R. DreW and Evel L Dre
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of .Sti• L11C~8 Covnty Florida, Mrtin~fta dttgn~ted ~s tM~ "MORTGAGpR;' ~nd fIRST. FEDERAI SAVINGS AND tOAN
ASSOCIATION OF FORT PIERCE, • co~pa~tion orpanisd and ~xistinp uodN ~M tsvin oi tA~ {Jnihd SNt~s of Mwrics and Mvinp iq principd pl~n of
buiirws~ in tM City of Fort PiKq. St. luti~ Counry. Flaida. M~~inafit~ d~tipn~t~d ~s tM "MORTGA~'
^EE.' ~
WNEREAS tM MORT('sAGOR ia justly ind~bt~d ro th~ MORTGAGEE in the sum of ~ 21 •W~~~ yood ~nd Iawful money of the United
Ststes advanced by 1M MORTGAGEE u~to tF» MORTGAGOR, ~s evidenced by a cen~~n promissory note ot ev~n date harewitlr, of whicA the fo!lowinQ in
wot~~'C)t/IJ~IWis i tius copy, tOwit: - :
; 3-18~~~11
P~.~.. Fiaid.. March 22 ~q.3~_ ,
Fw vslue received, 1, we a either of us, promise to y, without dsfalcation, to the orde? of FIRST FEDERAt S.~AV~INGS AN~ IOAN ASSOCIATION OF
FORT PIERCE at Fwt P;erce, Florid~, tM sum of = 2i with intereqs't from dats ~t the rat~ of L~ ~ 96 per annum, in ma~thly install- 'y
menn as follows: ; t75•~ on ths ~ 3t+ d~y of 19~ snd a lika wm o~ the cwrespondiry day of eech month therr
alte~ votil the whols be fully paid.
Each insfattment first shall b~ applied in payment of the interest and then on ths ~npaed balance of the princ~pal wm. ~f d autt is m~d~ in the
payrrx~~ of a~y ins~allment when due, and such default continues 30 days, then st the optMn of the holder, s~d withwt any other notice, all the rem~inirg
~nsraltmenrs shaU be due and payabk at once. Vrivilepe is given to pr~paY this note in whole or in p~rt at u?y time without penalty. NeitF?e? qfo?ebearuxe,
nor xceptance by the holder thereof after ~ny default in any paymenri hereon, shall be deemed extension. A late payment ch~rye of ~ 8• ! 5 ahall ba
, added ro each installment remainirg ~npa~d 7 days after in dw date, snd ~ like wm shall be added to each such installment rcmaMirg unp~id 7 days ~fter
• sach wcceedinp paYmenf date.
Each rnaker, w~ety and endoner he+eof, joinNy and severally, waives dcmand, presantment protest and notice of protest fw nonpaym~nf, and furfher
agrees to ~ny extenfion of time of payme~t, eithe: befora a aftcr maturity, without not~ce to any of us; and to pay all costs of collectan, includ~rg •
reasonabk attwney i fee in the event oi soy default herev~der, and hereby severa!!y waivei all berteiit of homestead ind exemption under the constitution
and laws of each Sute of the United States, u sgai~st this obligation or ~ny extensan w renew~l hereof. ~ .
Witneu tF+e Mnd a~d u~+l of esch party.
~ s/ Kenneth R. Drew ~u
cs~wu
s Eve]~m L. DreK ~
' t ~32 • 4~ ) Sute Revenue ~U
NOW, THEREFORE, fhe MORTGAGOR fw ths r 2~ 6OO OO
pu poit of securiny payment o~ ~aid wm of i • • , and tM perform+nca of tM
- covenanri ~nd apr~ement~ her~inafter expressed, and for diven 9ood ~nd wlwbl~ considerstions, by these preienb. does yrant, bar~~in, sell, remise,
releas~, conwy ~nd confirm unto t MORTGAGEE, iri successors ~nd auiqni, ~11 that certain lot, piece or parcel of I~nd, situate, lyinp, ~rtd beinp in th~
~O1j"tY ~ ~Cj'e and St~te of Florida, dsscribed ~s fot{ows:
Lot 1~~ Block 173 Ai I,AKk~'WOOD PARKt tTNIT 12-A~
as per plat thereof on file i,n Pa.at Book 11,
Pages 35, 36, 37~ of the °ublic Records of
St. Iucie County, F'Iorida ?
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rogether with ~II ~nd sinpular the tenemenn, Mreditamanb and appvrtance~ thereuMO b~lonyirg a in anywis~ ~pparNk?irg tMrNO, ~nd ~II r~nn, issu~s,
proceeds •nd profin KQ4iI1~ and to ~ccrw fron? s~id prem;se:. all of wFiKh ~re iocluded in tt» ~bov~ ~nd forpoinp ci~scription ~nd hsbendum.
TO HAVE AND TO HOID tM ~bov~ described ~nd yra~ted premises unto tfw ~aid MORTGAGEE, ib woca~on and saipn~ forev~?. Md t!~ said
MORTGA}~
,R for thPi r ~~n, exeMon, ~dminntrators ~nd sas~pru, hereby covtnann with th~ sa3d MORIGAGEE, ib succ~sson ~nd a~s{D%
rhat ""6~ `~e lawfully seizd of th~ said premiaea Fn fe~ aimple: tMt ti» sam~ u~ frN, cle~r ~nd dischar~ed from ~11 lians ~nd ~ncwrr
brances i~ faw or in equiry, and that ~p will u~d their htin ahall w~rrant and d~ftnd tM title to tM aa~rN to th~ sdd ~
MORTGAGEE, ih tocceuors snd auigrn, forsve~ aysinst th~ lawful claims snd demands of all parwruJ ~
PROVIDED, ALWAYS tMt if th~ NIORTGAGOR ahall p~y ~nto tM MORTGAGEE th~ p~omiuay not~ Mrtu~6efa~ d~saibd u+d ahstl truly, prpnplty ~
and fuity perfwm. disclu~ys, ex~cvtt, compbt~, tomply with and abide by ~xA and ~very the stiptdtlions, ayr~nts, conditioes ~nd tovan~nb of said ~
nromiswry not~ and of this Mutya9e, t}~ this Mortyape and tiw Estste her~by u~~ted shall uas~ and b~ rwll and vod,
IT IS UNDERSTOOD tFNt tl» word "Mortqapor' whetMr in the sinqula or plwsl anywhere in this Mortpp~. ~hall bt sinpvlar if on~ only and
•hall be plurd joint(y and wverdly N mon th~e~ one. ~nd tlwt th~ word "their" a~ wed ~nywh~r~ in thia MwtQapt ahall b~ t~k~n to m~~n •'his,•• «Mn••
w"ib;' wher~ve~ tFw tont~at w implin a ~dmit~. Afso, tMt wMnver thert is a rtf~renu in th~ covenann snd prsement~ h~rein cont~iiwd to any of
~M parties h~r~to, tM sam~ sh~ll b~ caatrued to mean u vwll as tFw Min, leyal rep~esentativ~s, successon and ~upro (eitiwr vofun~ary by ~ct of th~
panie~ a invduntary by op~ration of tM law) of the sarn~ and that the covena~ts henin contained ~Mall bind a~d tM ba~fiq ~nd adv~ntap~s inw~ ~
fo tM raspectiv~ Ix~n, kpal rspresent~tiv~s, suaes~ors and au°yns of tlx puti~i h~reto. ~
And said Mortysyors, fw thems~tve~ and their hein. Is~+l represent~tivp, succeuws and as~iyro. FKreby jointly ~nd wv~rally coven~nt ~~d apr~e Qp
to ~nd with tM s+id MORTGAGEF, in successon and ~uiyru:
1. To pay Nl ~nd sinpular th~ princ;pal ~nd internt a+~d the wrious snd ~ur+dry ~ums of mon~Y paYabl~ by virtw of said promiswry not~, and this
morty+ye. ~+ch and waY, promprlr on sl» days resp~ttively the sun~ stv~rally becoms dw.
2. To p+y all u+d unpvlar th~ taxy. ~ssessrn~~t~, levies, liabilities, obliyatioeq and encumb~u~c~s of tv~ry natw~ and fcind now p~ sskl de~ribed
prop~rty, w that htr~~ft~r maY b~ ;mpekd. wf(er~d, p~ac~d, kried, a a~tased tt+~reon, w 1Mt Ikrsaft~r may b~ I~vi~d a usess~d upon this Mon~-
~y~, a tM ir?d~bt~dneu Kcur~d hereby exh and ~very, wMn due and p~yable, accordinp ro law, before they b~com~ d~linqwnt, and b~for~ ~ny int~rest
arrathes a any pcnafty is i~turred; AND INSOfAR AS ANIf THEREOF t5 Of RKORD THE SAME SHAIt af PROMPTIY SATlSfIfD AND OISCHARGEO OF
RECORD AND THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OfFICIALLY ENDORSED
OR CERTIf1ED) SHAII SE PLACED IN THE HANDS Of SAIp MpRTGAGEE WITHIN TEN DAYS NEXT AFTER PAYIAENT; ~nd in the event tMt ~ny therwt it not
psid, s~t"sfied and disthary~d sa:d MORTGAGEF inay ~t any time p~y the same or ~~y p~A 1ht~eof without w~iviny o~ affectirq smr option, lien, eqvity or
•~qM ~nder or by virtue of this mor;g~ye and the full amou~t of each and every such paymcnt ihall b~ immediately due and payabl~ u?d sMll besr intersst
~~om thr dat~ thertof vntil psid ar ~~te of nine per centum p~r ~nnum ~nd to9erher w~th such interest aha!! be tecured by the lien of th:s mwytp~, ~
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