HomeMy WebLinkAbout0007 ~ 230'7'76 ~
TMIS IN~ENTURE, r 2~d da of J~e A.D. 19 betwee~
Raymond~. For an o~s . or , is w e
of S• uC le ~ounty Florid~, Mreinafta~ d~apn~~ed +s the "MORTGAGOR;' and FIRST FEOERAt SAYlMGS AND IOAN
A$$pC1ATfON OF fORT PIERCE, a corpaat'an orpanized and ex3~riny unda IM I~ws of tM Unit~d St~t~s of Arn~~ica and Mvup in p~inc~pal pl•ce of
bvsin~u in tM Ciry of Fwt P~~ru, St. lucie County, florida, her~inafter desiynat~d tM "MORiGAGEE."
WHEREAS 1M MORTGAGOR i~ juttly indebted to t1+e MORTGAGEE ie? tM ium of = 7~ 6~ ~Q~ , good and tawfvl money o( the United
Srates advanced by the MORTGAGEE unto the MORiGAGOR, ai c~idenced by a certain promiuo+y ~ote of eva+ date herew~th, of wh~ch ths tollowinp in
wwdi sod fyures b a trw copy, to-w~t: 3-1 S 4~3
= 7 ~ 600 . n0 r,~,_ s
Fwt Piercs. fio.~d.. J~e 2na 19 7?
fw value receivcd, t, we w eitha of us, promix to pay, without defalcatio~, to fhe order of FtRST FEDERAI SAVlMGSS~ AND LOAN ASSOCI.~~ION OF
fORT PtERCE at fort Pierce, Florida, the sum of i 7l~0O~~0 w;rh interest from date a1 ~he ~ate of 7~7-~6 pe~ annum, jA ~thly'x~ttall-
men?s as fol!ows: S 63•OO ZSt ~y of August ~ ~9 72 u+d a like sum on fhs careipond~rg day of Hch month there-
after until ~he whole be futly paid.
Eath installment fi~st thall be applied in payment of ths intereit and then on tM unpaid balance of the printipal sum. If d autt is made in the
Hayment of any installment when due, and such default conrinues 30 days, fhen at the opfian of ths holder, and without ~ny othe~ notice, ait the remaining
~nieallmenti shall be due and payable at once. Privilege is give~ to prepay this nofe in whole a in p~rt at ~~y time without penalry. Nather forebearance,
nor accept~nce by the holder thereof afte~ any default in any payments herean, shall be deemed extension. A late payment charge of = 3~ 15 , shall be
added to each installment remaining unpaid 7 days afte~ its due date, ~nd • tike sum shall be added to exh such installment remaining unpaid 7 days sfter
each svccreding psyment date. '
Each make~, surety and endorser hereof, jointly and severally, waives demand, prexntment protest and notice oF protest fw nonpayment, ~nd funher
agrees to sny extens~o~ of time of paymcnt, either before w after maturity, without notice to any of us; and to pay all costs of collection, including a
rea:onable atrorney i fee in the event of any dcfault hereu~der, and hereby severally waives all benefit of homestead and exemptio~ under the constituta~
and laws of each State of the United States, as agsinst this obligation w ~ny extension w renewat hereof.
Witness the hand and seal of each pa?ty.
~ S/I2avmond fi. Ford ~Aq
cs~?u
S/Lois II. Ford ~u
~ 1 ~ 40 ) State jtevenw V ~U
NOW, THEREFORE, the MORTGAGOR fw the pwpox of ucuring payment of said svm of s 7 ~ 6~~ ~ and tha pe~fwma~ce of tM
covenants ~nd +yraements here~nafter exprossed, and for divers good and valwbl~ consider~tions, by thes~ presenb, does grant, baryain, ull, rcmise,
releass, convey •nd confirm unto the MORiGAGEE, ib succeuon_ snd auigns, all that certaFn bt, piece or pacel of I~nd, ~ituate (yiny, and beinp tn the
r_'~~~y ~ St. Ltlcie , and Srata of Florid~, described +s fottows:
Lot 8 Block 5 FORT PIERCE HIGHI.ANDS LNIT #1 ~ according to the Plat
thereof as recorded in Plat Book IO at Page 29 of the Public Records
of St. Lucie CountT~, F2orida.?
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~ V ~ QLrElt4C . Pii::$.i%~t~ ~Q ~i/~! 1E~ Tl•~.~.4. A:. $
~ sc?t.oF ti9GEZ PGtiFfu
~ P.B. o~~ t'°- W~C'JR DO~EiT, ST. WCiE 00, 4tA
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togetMr with all ~nd ~ingubr the tenemenri, herediamenis -~nd appurtsnces thereuMO belonyiny a in anyw%s~ ~pperfaini~y thsreto, snd ~II rtnb, iswts,
! proceeds ~~d profia scuuing and to accrue from said prtmises, aN of whFcti aae irxluded In the above and fore~oirg desuiption u?d h~bendwn.
~ TO HAVE ANO TO HOID th~ abow desvibed and yranted premis~s umo tt» said •MORTGAGEE, its wcceswn ~nd aui~ns fortver, And th~ uld
MORiGAGOR fa their executors, adm7nistr~tws and auigm, hereby cown~nts with the s~id MORTGAGfE, its waeawn and usi~a,
the are N w P ped fram •u ~ieru .oa .rxwo-
~hat --Y - Iswful se~:ed of the iaid emi~s in fee sim 1~; tiwt tf~t s+m~ are frse, ctear ~nd d"+schu
brances in I~w o~ in equity, and that they will and thell hein sh~ll warrant a~d dtf~nd tht titlt to tht iami to tM said
~ MORTGAGEE, iri succeuors and ~uiyns, forever agsinst the (awfvl ctaims and demands of ~H perwroi
E PROVIDED, AlWAYS tMt if the I{AORTGAGOR shalt pay unto tM JNORTGAGEE the promistory not~ her~inbtfor~ de~aibed and sh~ll trvly, promptly
a,~d fuUy p~~form, disch~rgs, execute, complet~, comply wifh •nd abide by each +nd wery the stipulations, ~yrearnenn, conditian ~nd covenanb of said
promissory not~ ~nd of this Mortgaye, then thfs Mwtyage and tFie Est~te hereby ueated sh~fi ceas~ ~nd be nvlt ~nd wid.
IT IS UNDERSTOOD that the word "Monya9or" whether in tM sinyular w ptw~l anywhsn in th+~ Mort9ape, s!?a~l b~ airyvlu if orn only ~nd
shall be plwal jointly ~nd sever~lly if more than wie, ~nd that the word "t heir" ~s used snywh~r~ io thia Mwtp~ shslt be taksn to me~n "his; •••Mn
or °its;' wherever tl+e context so implies w sdmits. Also, that wherevw thcre is ~ ref~renc~ i~ tM coverw~n and pr~ements he~ein co~t~ined ro~ny of
rhe panies hereto, the s~me shall be coasrrued ro mear~ as wel! as tM hei», {~al npresentstives, arcceuors and auiym (eithe? volunt~ry by sct of tM
~ parties a involuntary by ope~~tion of ti~e law) of the same and that the coven~nts hersin conta~ned shsll bind .nd ~h. ben.f~n .nd .dvanrap.s inur~
ro the ~espectivs hein, leyal represenrativ~s, successws u+J ~u~yns of the parties Mreta
Md uid Mortyspws, for tF+emselves ~nd their hein, I~yaf represenrativq, succssson and aasipr?s, htreby jointly and severally coven~nt and pr~e
` to snd with the said MORiGAGEE, its :ucceuon and ~ssigra:
i
1. To p~y all and singulu tM principa) and interest a~d the various and sundry surtu of moneY paYable by virtw of uid promi~sory note. ~r~d this
i mort9~pe, each and every, promptly on the days respectively the sam~ s~verally becpn~ dw.
2. To p~y att ~+d sinputar tM t~xes, sue:smenn, levies, li~bilitiea, obliyations and snaimbrances of svery n~tv~~ and kind now on taid d~wi!»d
property, o? thaf here~ft~r may b~ impo~ed, wffered, plaud, Iwied, a ~ssessed tMreon, or tMt hereafter may be levied w asseased upon this Mon¢
ay~, a ~M indeb~edneu sscured hereby. each ~nd every, when dve and p~yabl~. ~cco~dinp ro taw, befon they becane delirqvent, and befon aey intaes~
` arraches w any penalty is incurred; AND INSOFAR AS ANY TMEREOF IS OF RKORD THE SAME SHAII EE PROMPTLY SATISFIED AND OISCHARGED OF
; RECORD AND TNE ORIGINAI OFFICIAI OOCUMENT (SUCH A5, FOR INSTANCE, THE TAX REGEIPT OR THE SA115fACTION PAPER OFftCtAllY ENDORSED
~ OR CERTIFIEO) SNAII BE PLACED iN THE HANDS Of SAID MORIGAGEE WITHIN 1EN DAYS NEXT AFTER PAYMENT; and in the event thaf a~y the~eof is no1
pa~d, sat'sfied +nd diuharged sa:d MORTGAGEE may at ~ny t+me pay the s~me or ~mr part thereof withoW w+iviny o~ affMinq ~ny option, lien, equity or
•cqht under w by virtue of this mortgsge and the full ~mount of escF ~nd every such peymenl shsft b~ immediatety dw and payabk s++d i1u)1 bear inlerest
<<om thc date thereof unti! paid at rate of nine per centum per annum and soyether with suth interqt s I t~Y~ by fhe lien of t~ motytap~.
hB00 ~UJ PAGE
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