HomeMy WebLinkAbout0241 ~c.x,'y~~ v~
THIS INDENTURE. AA+d~ ths 3~th da of ~~Y A.D. 19
72 ~ 6etw~en
wayne B. Allen and Jo ~nn Allen
` of St • LLIC @ Cp~nty Flwid~, herei~a(tN dtig~~ted ~s the "MORTGAGOR;' artd FIRST FEDERAL SAVINGS AND IOAN
AS$Q~IATICN OF fOR1 PIERGE, a twpaation orysni:et! a~d txiatinp unde. tM laws of th~ Un~ted Stst~s of Amtrica ~nd havinp iri principal pl~ce of
bv~~ in tM City of Fwt Piacs, St. Lucie County, Fiwid+, he~einahe~ d~siyn~ted ai tM "MORTGAGEE."
WHEREAS th~ MORTGAGOR is justly indebted to tht MORTGAGEE in 1M sum of ~ 4~~~ ~00 good a~d lawful money of the United
Sta~es adva~ced by the MORTGAGEE unto the MORiGAGOR, as evidenced by • certain promiuory note oi even date herewith, of wh+ch the foliowinp in
~ words ~nd fiqurst it a t~w copy. lo-wit:
s 4s~•~ 3-18,421
ion Pierc~. Florid~. ~ Y 30J 19 72
For value received. I, we w eitF~ of us, promise t~o
jy, wilhout defslcation, to the order af fIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fwt Pierce, Florida, the s~m of = 4 w;th interest from date at the r~te o~ ~ 0 % pet annum, in monthly in~talt-
n,ents as follows: i 57 - on the 1sL day of Ju2y 1972 and a ~ike sum o~ the correspondinp day of each mcnfh therr
~ after ~ntil ?he whole be iully paid.
Exh installmcnt first shall be applled in payment of the interest ~nd then on the unpaid b~l~nce of the prinupal sum. If d ault is maoe in the
payment of aoy insta~lment when due, and such default continues 30 days, then at the option of the holder, snd without any othe~ notice, aU the remain+ng
` ~n~fallments shall be due and payabk at once. Privileye is given to prep~Y thw note i~ whole or in part ~t sny time without penalty. Neither faebearance,
~i.~C rsor~xceptance by tF~e hotde? thereof ~fter any default in anY paYmtM~ hereon, shal~ be dcemed extensioe~. A late paYment charqe of = 2~ 85 shall be
~ added to each installinenf remaininQ u~~~d 7 days ~fter ita due date, and a like sum shall be added 1o each iuch installment ramai~ir?p ~npaid 7 dayt ~fter
~ each sucteeding p~Yment'~JiM. . •
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fach maker, swety and cndorse? hereof, joinlly and severally, warvea demar~d, prexntment proteat ~nd notice of p~otest fw nonpayment, ~nd further
agrees to sny extensia? of time of payment, either before w after maturity, without notice to sny of us; and to pay all cosri of col{ection, includinp a
reasonabk attorney's fee in ti?e event -of any defa~h hereu~der, and hereby severalty waives a!I benefit of homestead and exemption under ths constitutae
and laws of each State of the United Statcs, u against this obligation or any extens~on w renewal hereof,
Witness the hand and sesl of e~ch party.
' S/Wayne B. Allen cs~AU
S/Jo Ann Allen
(s~+U
~b'~ ~ State Revenve «u '
Oi~lOQOf~
NOW, THEREFORE, the MORTGAGOR fa the purpose of secu~ing payme~t of said wm of t ~~~0~~ snd tM perform~nce of th~
covenants and aQrsemenb hereina(ter expreued, and fw divers good u~d vslwbl~ considerations, by thes~ presenri, does yrant, bsrpain, aell, remiu,
retcase, coovay and confirm unto the MORTGAGEE, itt s~cceuws rnd ~ssigns, all thst certai~ bt, piep or partel of I~nd, situate, lyirg, ~nd beinp in the
Counry of St • L'uCi@ and Stat~ of flaeda, dacrib~d u fotlows:
The fiast 26.2 feet of Lot 13~ TOTT6N'S SUBDIVISION, as per plat
thereof on f.ile in Plat Book S, page 53, public records of St. •
Lucie County, Florida.~
S t'Ai~E~FHLU~~IUA
v?- DOCi1MEf~~TAn~~ S7l~~~P TA X
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N rb'fp:T.9F 4ErEI:UE • ~ ° ~ ~ O
rJ~, 190112 _ _
P.ECENEO IN PAY1~.cM OFTlO~Q
~ QilE Oi~t EiASS tt;7AHaIBLf ?f3St7Rl.A1 PRdf'E .:Y~
PflRSIJA.NT TQ C:?A-~~~t 7:-;'! ,.:i4 ilF 197~_
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!ogether w~th ~II s~d sinyul~~ the t~nem~ntt, hereditamenn and ~ppurtancef ther~u~to bs{onyin~ or in anywise ~pperbininp tMr~to, u+d d) r~nb, issu~s.
proceeds and profib acauinp and to sccrve from said premises, all of which ae incluJad in tFr ~bov~ ~nd forpoinp d~wiption snd habsndum.
TO HAVE AND TO ~D the above described and q~antd premis~s unto tM said INORTGAGEE, its suoce~wn and auiym fwewr. Md t!w tafd
MORTGAGOR for th@"~ hein, executors, edministrators u~d ~ssgns, hrreby. coy~n~ny with the said 1NORTGAGEE, its svttpaon ~nd auiyru.
they are ir»plr, tMt th~ sarn~ u~ fr~, clear and dixhar
rhat Iawfully srized of the ~aid prem;se~ in fse s y~d from all li~m and erxwn~
Mances in !aw or in equiry, and tMat they will and their heirs sMll wsrrant ~nd d~ftnd tM titl~ to th~ sarn~ to th~ s~id
MORTGAGEE, its succeuors and assiyns, forever ayainst tl+~ lawfut cl~ims ~nd d~mu+di of ~II persoro;
PROVIpE~, AIWAYS tMt if the MORTGAGOR shall pay u~to tFn 1NORTGAGEE t!a promistoty nott hartinbefor~ desnib~d u~d ~hatl trufy, promptly
and fvliy pertam, dischary~, execvM, oompkte, tomply with and abide by ~xb and wery ths stipula~wns. ayre~rNnb, conditiaa and tovaunri of said
promiuo~y no» and of this Mwtys9e, then this Mwtgsye and tM Estate ha~by aeated shall aas~ and b~ null and void.
IT IS UNDERSTOOD that the word "Mortyspo~" whethe~ in tFw sinpular w plwal ~nywhK~ in this Mortppe, ahall b~ sirqul~r if on~ only and
sh~ll be p(ur~l jointly •rd kver~tty if mor~ thrn on~, and th~r tM word "their' a vied anywhert in this Mort9ap~ shall b~ t~k~n to me~n "his," "Mn;'
or "iq;' whersver tM cont~at w implies p sdmits. Al~o, tt»t wherewr there is a~ffNlfltf i~ rh. cow~ann .nd .p?eemeon M.NO cont.Med ro any of
the parties herNO, the sam~ shatl be conshued to mean ~s w~ll a th~ hein. Ipat npr~sent~tivei, wcceswn ~nd auipm (~ifhK voluntary by act of ih~
parfiet w invdunt~ry by operatioe? of fhe law) of the same md that the cov~nn her~in cont~uwd shall bind and tM b~nsfitt a~d advantapes inw~
ro rhe resp~ctive hein, Ipal ~epresentatires, successon and ~u°yra of th~ partip hereto.
Md said Mwty~ors, fw themielvp and tMir heirs, leq~l r~esenutives, succeswn and ~uiprq,, hereby jointty and sevaalty cov~~ant Md ~prK
~o and with the s~id MORTGAGEE, it~ wcceuors and ~ssipra:
1. To p~y all and sin~rlu tM princip~l and interest ~nd ~he vaavs and wndry sums of mw~eq paYaW~ by vinw of said promis~ory not~, and thq
marty~ye, each u~d wKy, prpnptly on fFK days respsctively t!w same ~ewrally b~can~ due.
2. To pay all and ~inpvlar the axes. ~sssuments. Iwies, lisbilities, oblisations ud ~ncumbrances of wery natw~ uid k;nd now on H;d described
prop~rty, w that hK~aft~r maY b~ ;mpwed, suffered, pl~ced, bvied, or ~ss~ued the~eon, or that hereaftsr may b~ Iwied o~ asseskd upon tl~is Morty `
~y~. w tFr indebtedneu secvred hereby ~ach and wery, whan dw and p~yable, accwdirg ro law. befon thry becon~ d~linqusnt, a~d b~fon a~ int~r~st
attuhes or any penalry is incvrred; ANO INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII IIE PROMPILY SATlSFIED AN~ DISCHARGED OF
RECORD AND THE ORIGINAI OfFIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, iHE TAX RECEIPT QR THE SA1ISfACTION PAPER OFFICIAIIY ENOORSED
OR CERTIf1ED) SHAII 8E PUCEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in rhe ~wnt fMt ~ny thereof is not
paid, sat'sfied and discher9ed sa:d MORIGAGEf r?Ny at any time pay the same w my p~rf thereof withwit w+iviny o~ ~ffactinq any option, lien, equity or
•~aht under or by virtue of this mortysge s~d the full amovnt of each ~nd every such payment shall be immedistely due and payable and ~hatl bt~r int~rest
~~om th! da/e thereof untii p~id at rare of n~ne per ce~rum per annwn ard Mysther w~th :uch ipre~,esr 1 ~ecv.ed of fb:s maQt~pe.
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