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THIS INOENTURE, Mad~ ths 2yth d~y of ~~h A.D. 19~b~tw~a~
Karl R. Ivey and PaLricia K. Ivey, his ~?ife
of - St/ •~.tiCf@ Cp~nfy flpids, hNtinahK detignated at th~ "MORTGAGOR," and fIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE. • corporat~on wpanized and ~xii~i~p undeel tIN I~ws of tM U~~»d St+~~s of Am~ric~ ~nd havinp iq principal plst~ of
businss~ in tF» Gty of Fwt PiKw. S1. lucw Gounry, Florida, her~inahK d~slpnat~d p tM "MpRTGAGEE:'
WHEREAS tM MORTGAGOR is jWtly ir~bt~d to tM MORTGAGEE in th~ sum of ; ~ 3+0~~~ good and lawful monsy of the United
Sratef advanced by tM MORTGAGEE unto th~ MORTGAGOR, ~s evidenced by a certam prom~asory ~ote of ev~n date her~witb, of wh~ch the foilowinp in
wadi and fi9ura~ a a trw copy, to-wit: ~
_ ~ 3, oo ~ -18 12 '
Fott Pian. F!o?ida. ~~h 2`+ 19 ~2
Fw vatve recaived. t, we w either of us, prom~u to without defalcst3on, to the ordrr of FIRST FEDERAI SAVIN ANp IOAN ASSOCIATION OF
FQRi PlERCE at Fo?t Pieae, Florida, the sum of i ~ 3~~~~ w~th interest from date at the ~ate of ?~7~ pe? annum, in mo~thly inttall-
r+~enn ~s follaws: t on tM ~ st' day of ~y ~ 19 72 snd a I~ke s~m on the cwrespo~d~rg d~y of each month therr
after until tF+e whole be fully paid.
Each ins~allment fi~st ihall be appl~ed i~ payment of tM interest ~nd then on the unpaid balarxe of the p~incipal sum. If d avlt is mads In the
payment of any instaltment when d~s, and such default continues 30 days, then at the option of the holde~, and without ~ny other notice, al) the remaining
~nstatlments shall be dw and payabl~ at once_ Privile9e is give~ to prtp~y this ~ote in whole or in p~rt at ~ny tims without penalty, Neit 3fyrebearsnce,
nor acceptance by the holde~ the~eof after aey default in anY paYments hereon, shall be deemed ex~ension. A late paymeM cMrye of = shall be ~
addrd to each installmcnt remaeninQ unpaid 7 days after its due date, and a like sum shall be added to e~ch such instsllme~t rema~ninp unpaid 7 days aher
each tutceeding p~Yment d~te.
E~ch make?, surery and endorter hereof, jaroly and sevcratty, waives demand, preuntmeM protest and notice of protcst fw nonp~yment, ~nd further
agreea to ~ny ex~ens'an of time of payment, either before a? sfrer mstu~ity, without not~ce to sny of us; and to pay all costs of collection, includ~nq a
reasonable attorney's fer in the svent of any def:ult hereunder, snd hereby severally waives all benefit of homestead and exemptioo under the constitutiw~
and laws of each Sute of the United States, as aga~nst this obligation p ~rry exrenaion or renewat I+ereof.
Witnesi the hand ~nd seat of each party.
s/ Karl R. Ivey ~U
~?u
s atricia . Ivey ~AU
~ $19 • 7~ ) State Rev~nw «U
(
NOW, THEREFORE, the MORTGAGOR fw the purpose of secu.ing payment of said wm of s 13~~0•~ , ~nd th~ perform~ncs of tM
:ovenanls ~nd ayraements h~reinafter expreued, ~nd fu d~vers 9ood i~d wlwbl~ consideration~, by Nxse presents, doas g~ant, bar~ain, ~ell, remise,
release, conwy and conti~m unro the MORTGAGEE, iri sucteuors and ~s~igns, all th~t tertain bt, pieu w parttrl of I~nd, sitvate, lyirg, snd btinq in ths
County of St • I,t1C1@ ~ Stat~ of Florida, described as follows:
Begin at the Northirest corner o£ Lot 52 of MAItAVILLA GARDENS, tTNIT #1,
as per plat thereof on file in P7.at Book 6, page 55s of the public
records of St. Lucie County, Florida; thence run East along the North
line of said Lot 52, a distance of 73.07 feet ta the ~oint of Beginning;
thence continue East aZong said North line of said Lot 52s 73.~8 feet;
thence rnn South 135•17 feet to t.he North line of Wisteria Av~enue; thence
run West along the North line of Wisteria Avenue 73.67 feet to a point Which
is 73.b5 feet East of the South~rest corner of the above Lot 52, thence
run North 135.1? feet to the Point of Beginning. ~
w 51-~? i E~F L U F-i I t~A
? ~ DOCI!?I~~lTAr<'- ST:~i~!~ TpX
~ = nnRZa~n = a- c
~ O _ ' iA' RfCEIYED oc ITi P11Y'~1EtiT OF TIUI~
t 9 5 0= ~uE oY ~„~~•C' INTAtiCIBtE FER~u~~ 14I1.~/»<'.
~ U 6F?t. ~ (~EeFKt•E ' • - )
P.B. ~90~ ~z PURSUANT TQ CNAPTER 71-134. Acrs
~Q~ER PO?i~iAS G~ar1c G~wK ~ ~0 ~O' -
ro9ether with aU ~nd singul~r the tenements, herediuments and ~pp~rrt~nces tFweunto bttwgirg w in ~nywife ~ppertainirg thertto, uid a!1 ~tnt~, is~ws,
p~oce+ds +nd profin acauing and to accrue from said p?emises, aU of wFiKh are included ie sh~ ~bov~ and forpoiny dacription and h~b~nd~xn.
TO HAVE MfD TO HOLD the above dewibed and yrsnted pem;ses unto the said MORTGAGEE, in ~uccesson and suiq~s for~wr. Md the saM
the ir
MORTGACsOR fa Min. executon, administrston a~d auipru. Mreby covenann with th~ ssid MORTGAGEE, ita sira~sson ~nd assiprn.
~Mt a~ Iswfully seized of th~ said prem~ses in fea simpl~: that th~ wM m fre~, cls~r and d'achu~ed from all lie~s ~rd ~ncuem
brances in law or in puity, and that
~h@Y _ will and their hein shal! w~rt~nt and d~ftnd tM tittt to tM saerM to th~ atd
MORiGACaEE, in tucceuas +nd usiqns, forever syaintt r1+t lawfu! daims and deminds of all per~oro;
PROYIDED, ALWAYS that if the MORTGAGOR shall pay unto th~ 1NORTGAGEE the ptomittorr not~ hereinbefp~ dacribed and shal) 1ru1y, p?omptly
and fully perfam, diuMrge, execut~, comple», comply with •nd abide by esch ~nd every tfi~ stipulationa, spreem~nls, conditiaa and epv~nann of s~id
prom~isory not~ ~nd of this INort9ape, thsn thia Mort~aye uxl th~ &tate hereby created shaN oeaa~ and b~ null and void.
IT IS UMOERSTOOp th~t the word "Mort9ayor" whethe? in tF?e sinpulai w plwil inywh~r~ in thia Mwt9s~e, ahall b~ sin~ular if ont only and
shall be plural joi~tly and ~ev~rally if mw~ than one. ~nd that the wad "th~ir" ~s used ~nywher~ in th's Mwtqa~ shall be ~~ken to me~n "hi~,•• •'h~n,'• ~
or "in;' wher~ver the conqxt w implies w admits. Alw, that whe?ever there is a r~fe?e~ce in tl+~ oovenanq ~nd apr~ernenri herein contain~d !o any oi
tbe panws husto, th~ s~me shall b~ cautrued to mean as well as the hein. I~yal nprpe~tatives. sucussors aed assiprq (~ith~r v~oluntary b~r act of tM ~
psrtiss w invofuntary by operation of the I~w) of tlw iame and that the cov~nants her~in contained ahall bind and tfr bernfib and adv~ntaQp inw~ ~
ro the r~sp~ctive hein. Ipal r~prestnt~tiv~s, svcceaton ~r.d as~~y~ of th~ parties hereta
And iaid Mortypoa, fa thar?selvss ind their Fieirs, ~I r ~
tey epreser~f~tiva, succestw~ ar,d assiyns, h~reby jointly a~d s~vaally covt~t ~nd apr~t ~
so and with tM said N10RTGAGEE, its wcces:ors and ~u;~ru:
1. To pay ~II a~d iugulu the princip~l and im~r~st and the vario~s ~nd wndry sums of ma~eY p~Yable by virtue of said promiswry note, and tha
mwtyap~, ~sd~ ~od ~vwy, promptly on tht dayi reapecYntly t1» sam~ s~v~r~lly becwn~ dw.
2. To psy ~ll and s;npular tiw? t~xn. +ssesurnn», Iwies, lisbilities, obliystiom and e~br~r,c.es of ew~y Mtwe ~nd kind now on s~id d~scrib~d
WoWrh, a that h~reahp maY be inWosed. wffer~d, placed, levied, a assessed thereon, w th~t Iweafisr may be levi~d or ~aeaed upon tl~k Morp.
+pe, o? *M &~d~br~dn~ss secw~d hereby ~ad~ and ew~ry. when due ~nd payablt, aaord;ny ro l~w, befae they brcwn~ d.l;nqwnt, and b~fon a~ry? int~r~s~ oco ~
attaci+es or aery penalty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII dE PRONIPTLY SATISFIED AND pISCHARGEp Of ~m
RECORD ANO THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTJINCE, THE TAX RECEIPi OR THE SAi15FACTION PAPER OfffClAllY fNDOR5f0
OR CERilFlED) SHAII 6F PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYJNENT; a~d i~ the ~veM that any thenof is nw
paid, s~t'sfied and disch~r9ed sa;d MORTGAGEE may at any time pay tM s~me w any part thereof withovt wai~!iny or +ffactirg any optior+, li~n, p~ity a
•iQht under a by rirt~re of fhis mortyaye and ~he iuil amovnt of each snd ~very s~?ch paymertt ihall be imrnediatdy dw and payabk ~ed shall b~a~ int~re~~
~rom the d~te thereof until paid a! rate of nine per centum per ~n~um ~nd topether w~th such interest sMll be secwed by th~ lien of th:s mwytye.
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