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THIS INDENTURE Msd~ he ZSt dsy f June A.D. 19 72 between
_ don h~DonalcT anc~ Sandra J. McUonalda his wife
af 5t ~ 1"i1Cie Counry Norid~, htreinaftea designated ai 1he "MORTGAGOR," and fIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, ~ co~pora?~on wy~nized and exi~~ing unda tM laws of ths United Stat~s of Americ~ and havinp its principal plu~ of
busineu io th~ Ci~y of Fwt PiKCS, St. lvue Counry, Ftorida, hcreinafta deaqn~ted ~s tM "MORTGAGfE."
WHEREAS 1M MORIGAGOR is justly indebted ~o t1c~ MORTGAGFE in the ivm of i 40~0~•~ good ahd lawful money of the Un~ted
Srates ulvanced by the MORTGAGEE unto tha MORTGAGOR, as evidenced by a tertain promisswy note of evcn date herewitF+, of wh~ch the followin~ in
words snd fi9uret ia a ~rw copy, to-wit:
~40,040.00 ~ 3-18,420 ;
fort Pisrts, Florida, `JUnQ 1• 1972 ~
For valve rece+ved, 1, we or e~ther of us, p~om~se to pay, wiihout defslcat~on, to the orde~ of FIRST FEUERAL SAVINGS AND IOAN ASSOCIAi1C~N OF
FORT PIERCE af Fort Pierce, Florida, the sum of = w~th interest (rom dare at the rate of 7'7~o per +~num, in mon~hly install-
menti u follows: Z 428'~ on the 1St day of AuQUSt , 19 72 and a like sum on the carespondi~g day of eac6 mavh there-
after uMi) the whole be fully paid.
EacF~ installment first shall be ~pplied in payment o( the interest end then on the vnpaid balance of the princip~l sum. If d ault is msde ln the
Hayment of any installment when due, and such default continues 30 days, then at the option of the holder, and without any other notice, ~t the remain;ng
~nsrallments shall be due and payable at ortce_ Privite9e i~ given to prepay this note in whole or in part at any time without penalt~. IVeither (orebearance,
nor acceptance by the holder thereof a(ter a~y default in anY paYments hereon, shall be deemed extensio~. A late payment charge of ~ 21 ~40 sMll be
added fo each ins?allment remaining unpaid 7 days after iri dw date, ~nd ~ like sum shall be added to each suth installment remaini~g unpaid 7 dayi aher ~
each sutteeding paymeN date. ~
Each maker, surety and endorser hereof, joinily and severally, w+ivci demand, prexntment protest and notice oF protess fw nonpayment, and fv»her +
agrees to any extension of time of payment, eirher before a after maturity, without not~ce to any of us; and to pay all costs of collection, includ~nq a
reasonable attorney i fce in the event oi any defauh hereunder, and Fxreby severally waives all benefit of homestead and eaemption under the co~atitution
and laws of each Sqte of the United States, as agai~st this obtigatio~ or any exten~ion a aenewal hereof.
Witness the hand and sesl of each pa.?y_
S/Don J. McDonald ~Ay
S/Sandra J. McDonald ~U
cs~+u
~ $ 60.00 , su~~ ae~~,~ ~
)
NOW, iHEREfORE, the MORTGAGOR fw the purpose of tecv~ing payment of said sum of i'~~~~'~ ~ and th~
performanca of the
covenants and agreeme~ts hereinafter exp~eased, and fw divers 9ood and vatuabk cau7derations, by thete p~csenb, does Qrant, barq~in, sell, rem~se,
release, convey and confirm u~to the MORTGAGEE, its ~uccessors and ~ui9ns, •11 that certain lot, pieos or parcel of lan2l, situate, lyinp, and beinp in 1M
Counry of $t • Lueie ~nd State of Fbrida, desuibed ~s follows:
Lot 5~ F31ock 8~ FORT PZERCE SHOF2ES, Unit Three, accoxding to a plat _
thereof on f ile in Plat Book 9~ page 19~ public records of St . Luc ie
County, Floxida~
i
RECQIQC C C
IN MYIAENT OF TIOfQ
S 1'A r E i~ l- O F-2 I U A ~ L U F-t I U:~ ~ ow ~uss ~c' tNTANGI6lE DE'2SO~:.u PxorErtir, °
cs r [~OCUN~~P!Tq°"_ ST<,yfP TaX ~ST4~!i?
TpX PI1RSifArfT 10 CNAP~f3 71-132. R„iS pf 19I1. rn~ ~
~ z _ = a...~.>:
4 - - _ w...,;~ = kuGc4 PVITPJI.: ~
a - JUN-6'72 ~ ~ - ~F+~?( CIRCUR OOi1RT, sr. wc~k co., F'Ul
o = r3 ' . ~
` ~5,~3340~ ~.~2660=
v - -
c.•~ ec~r.a~ F.E:'ECU[\•
~d.190112
rogethtr with •II ~nd sir~ular the tenemenb, herediamenb snd ~ppurf~nces thertun~o belony'a~q p In ~nyw'n~ appert~ininp thereM a~d ~II r~nn, iuws.
proceeds and profin ~tuuirg and to sccrw from said premises, all of which are includad i~ th~ abov~ ~nd fwp~iny dest?iptan and h~btndum.
TO HAVE AND Q~HQId the ~bov~ deuribed snd 9nntcd premises unto tM said MORTGACEE, ib suocessas ~nd ~uiprq forewr. Md tM s~id
MORTGAGOR for ~••elr heirs, executon, administr~tws and auign~, hereby ooven~nri with the said MORTGAGEE, in wtceswrs and asai~n~,
rhat -~~eY dYQ ~~,,,fully se~zed of the said prem;saa i~ fee ~implt; th~t th~ sam~ ar~ frN, cMar ~nd discl?arp~d irom ~N twns aed ~ncum~
brances in tsw w in aquity, a~d that thev W~~~ thef r htfn shall wur~nt ~nd d~fe~d the titM ro tM aarrw to tM safd
.~ORTGAGEE, it~ avccesso?s and ~uipns, faevsr ~gainst tM I~wful clairm and demaneh of ~II ptrianj
PROVIDED, ALWAYS thst if the MORTGAGOR shall p~y unlo the MORTGAGEE tM promiuory ~ote hereinbefor~ d~sc~ibed ~nd shall trvly, ptomptly
and fully periorm, di~ary~, execute, complete, comply with ~nd ~b~de by esch and every tM ~tipulataro, ayre~nwnn, co~d'Aian ar+d covenants of s~id
prom;ssory not~ ~nd oE this Mwryaps, t}~en this Mortyaps and tFK Eat~re hereby aeated sh~ll u~s~ ~nd M rarll ~nd void.
!T IS UNDERSTOOD that ths wwd "Mortyspor" wt+Nher in the ~ingular w plwal ~nywher~ in this Mwtyap~, sh~ll be sinpul~? if ont only ~nd
shall be plw~l jointly and severally if more tMn ont, and tfiat tM word 'Yhei?° ~s usEd u+ywhtr~ in this Mortya~ shill bs taken to mean "his," "h~n;
`
o. "in," wherever the context fo implies w adm;rs, Alw, that wherever tbeae a a ref~rer~ in th~ cover?~nn and p~eem~nn Mrein contained to ~ny of
tM p~rties hereto, th~ same sMll be construed to me~n as well ~s tM Mirs, I~yal npresentatiwt, suatsson a?~d aui~m (eithK voluntary by ~ct of tM
p+rti~s w irwol~nury by ope~+fion of tl+e taw) of tF~e sur~ and tha? the cove++~nb iwein co~tained ~hall bind Md tM bere~firi and advantap~a inw~
ro lF~e resp~ctiw hein, byal r~presentativts, succcswn snd ~a~yns oi the puties hereto.
And said Mwty~o?s, for themselves and their Min, leysl r~preuntatires, sucussors and assipm, hereby jointly ~nd sewrally cov~nant and ~Qr~e
to ~nd with the said MORTGAGEE, its ~ucceuors ~~d aui9m:
1. To p~y all ~nd urgvl~~ tFK principal and inte~est ~~d the v~rious ~nd sundry wms of mawY p~Y~b1e by virtw of said promissory rwts, and tMs ~
rnortyaQe. ~acF~ and wery, promptly on tM da~rs respectively rh~ sarn~ a~veratly becar» dw. ;
2. To pay dl and s~rgvlar rFK taxes, auessmenq, kviss, li~bilitiet, obliyatioro and ~ncumbr~rx~s of every rntur~ a~d kind now on said dexrib~d 3
p~opNty, a tlut hereah~r maY be imPosed, wffer~d, plaud, levied, or ~ssassed therion. a tMt here~fter may be tevisd a asiessd vpon thts Mort¢
+y~. w tM ie~dsbtsdnes~ Ncvred he?eby, exA and ~very, when dw ~nd payabl~, accwdiny to law, befa~ thry becant d~linquent, ~nd befor~ ~ny Mh?sst
atraches w any penalty is incuned; /1ND INSOFAR AS ANY THEREOF IS OF RKORD TME SAlNE SHAIt sE PROMPTIY SATISf1E0 AND DISCMARC~ED OF
RECORD AND iME ORIGINAL OffICIAL dOCUMFNT (SUCH AS, FOR fNSTANCE. THE TAX RfCE1PT OR TNE SATISFACTION PAPER OFFICIAIIY ENDORSEO
OR CERTIfIED) SHAII BE PLACED IN THE HANUS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; ~nd in tF~e ~vcnt thst any therw~ is na
pa~d, s~YSfied and diuhuged sa:d MORTGAGEE may at any lime pay the same w ~ny part theroof without wsivirq w affedinp sny option, lie~t, equ;ty or
•~qhr under or by virtue of ?h;~ mortQage ~nd ~he fuq ~mount of uch ~nd every such payment shall b~ immsdiately dve ~nd payable and shall be~r int~r~st
~.om tl~e date thereof u~til pa~d at .a~e of n~ne per centwn pe: anrwm ~~d royether w~th such interpt ihall b~ R ur by the lien of th:s ~9q~.
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