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Home My WebLink About1408 231'7~'7 ~ THIS INDENTURE. Mad~ ~he 16th d+y of June A.D. 19_~~ be?wten David B. Douglass and Joyce S. Dol~glt?ss,his wife of $t . Luc ie ~ounty Fioi~da. he~einafte~ deiignated +s the "MORTGAGOR;' and FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, • corpwation wya~~zed and ex~sring unda ~he laws oi the United Stat~s of America and Mvirg its pri~cipal placs of buiu?ess in tM City of ~wrt PiNC~. St. lucie County, Florida, Mrein~h~r-d~s~pnated ai tM "MORIGAGEE:' WHEREAS tM MORTGAGOR is justly indebted to ths MORTGAGEE in ths ~um of ~ 17 ~00 , good and Iawfui money of the United Srates advanced by the MORTGAGEE unto the MORTGAGOR, es evidenced by a certain promissory noie of even date herewith, of which the followiny in words and figures is a trw copy, to-wit: s 17 , 500 .00 ~ 3-18 ~ 470 Fo„ P~~«.. F~.;d,. June 16, ~y 72 Fw value received, 1, we w either of us, prom~u to pay, wi~hout defalcation, to the order of FIRSi FEDEkAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Florids, ~he sum of S 17 with inlerest from date at the rate of 7• SO•b pe~ annum, in manthly instalM ~nems as follows: S 130•~ on the 1St day uf August , ~q 72 ~nd a like sum on the correspondinp day of each month there- ef~er until the whote be fully paid. Each installment first shall be applird in payment of the inlereat and tFxn on the unpaid balance ot the princ~pal sum. If d ault is msde in the F~ayment of any instalfinent when due, and such defavlt continues 30 day~, then at the op~~o~ oi the holder, and without any other ratice, all the rem~ining ~,a~allments shaH be due and payabte at once. Privitege is given to prepay this note in whole w in part at any Nme without pen~lty. Neither fwebearance, ror acceptance by the holder thereof afte~ a~y default in iny payments hereon, shall be deemed eatension. A tate payment cMrge of s 6•~ shall be added to each installment remaininy unpaid 7 days ~fter its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after ' each succeedirg paymenl date. ~ Each maker, surety and endorse~ hereof, jointty a~ severally, waivcs demand, preuntmtnt protest and notice of protest for rwnpayment, ~nd furthe? ~ agrees to any extcns~on of t~me of payment, either belore or after maturity, without not~ce to a~y of us; an~ to pay all costs of collection, includiny a s re~sonable attorney's fee in the event of any default Ixreunder, and hereby severally waives all benefit of homestead and exemption u~der the cautitution 3:~d laws of each Ssate of the United States, as against this obligation a any extens~on w renewal hereof. Wirness the ha~d and seal of each party. ' S/David B. Doualass ~?U (5~?U S/Jovice S. Douglass ts~?tf cs~?u 26 ~ 2 5 1 State Revenue ( NOW, THEREFORE, the MORTGAGOR fw the purpose of securing payment of said sum of s 17 • 5'~ ~nd the performance of the covenanri u+d a9reemenb hereinafter expressed, and for divers good and val~able considerations, by these presents, does yrant, barysin, sell, remise, : release, convty and confirm un!o the NIORTGAGEE, iri successws ar+d ~uigns, ell thst certain bt, piece or parcel of I~nd, situate, lying, and beirg in tM t County of SL . Luc ie and State of florid~, described as follows: ' t ~ L.ot 1 and the west 21.06 feet of Lot 2, Block 7, MARAVILLA TERRwCE ~ S[BDIVISION, as per plat thereof recorded in Plat Book 5, Page 50, of ~ the Public Records of St. Lucie County, Florida~~ ~ _ W STATE ~F FLORIUA u DOCUMENTAp" STAMP 7AX , i ~ Z - -`~.K~~ _ ~ ' ~ = JUN 19'72 ~ ` - . ~ _ ~ ° _ 2625= ~ ' N V. pEPT.OF REYfKYE-'~ f = ~ ~ P.B.woi~: _ - ~ ~ ~~ryEp IN PAYMENT OF TAXFS § ~ ~ g DUF ON C111.~"S 'C' INTAttGiBlf PfR90NAl PROPERI~. ~ i PttRSUAtiT TO CFIAP'E2 Tl•13~. ACTS OF 291L k(;3~~ POITR/LS : CL.ERI1 CIf~U1T GO'JR(, Sf. lL'CIE 00.. Fl.~ i a i ~ rogether with sll and iingular the tenements, hereditamenn and +ppurtances there~rnto bela+pinp w in anywise sppe~tainirq thento. ~~d all r~ntt, iuws. ~ pr«eeds ~nd profib ac«uiny and ro acuue from said p~emises. •II of wiiKh are included in the ~bov~ ard fwe9oinp descripYan and habend~+m. ~ TO HAVE AND TO HOlO the sbove desuibed +nd yranted premis~s unto tl+e said MORTGAGEE, its successors ~nd aai~m forevK. Md t!» said ` their ~ MORTGAGQR for - heirs, executws, administr~to~s and assigns, hereby coven+MS with the s+id NORTGAGEE, iri wtteswrs ~nd as~iyns. ~ that they ar~__ i,wf„i~Y u~zed of the sa~d p~em~~ in fee ~implr, that tl+e s+me u~ fre~, de~r and d'ncharyed from all liera and ~ncw~r ~ brances in law or in equity, and that they W;~~ their hein shall wuruit and d~fend tM titk ro tht tarrw to tM said MORTGAGEE, its successws ~nd assigns, forever eyaintt th~ lawful claims s~d dem~nds of all perswa; ' PROVIDE~, ALWAYS that if the MORTGAGpR ~hall pay unto the MORTGAGEE the pramisspy note he?einbefwe d~wibed and sh+ll truly, p?omptly - and fully perfwm, d~uharge, execute, complete, comply with and ab~de by each and every tF~e stipulations, ayreemenn, conditions ~r+d covsnanb of said ~ promiisory note and of this JNortgage, then this Mortya9e s~d the Estate hereby veated shall uss~ and be ovll and void. ~ IT IS UNDERSTOOD tMt the word "Mortya~w" whether in the sinyular a plwal ~nywMr~ in this Mwtqay~, ~Aall b~ sirq~l~r if on~ only and shall be plura~ joi~tly and sevcr~lly if more tFun one, and tMt the word "the~r" as uud ~nywhere in this Mortype ihall bs taken to mean "his;' "Mn," ~ or "iti " whererer the context so implies w admits. Also, tMt wherever there is • refp~nt~ in th~ cownanri x~d ~yrtemenfs herein cont~ined to ~ny of ~ the panies hercto, the same shall be construed to mean ~i well ~s the hein. kgal r~presentatives, sutc~ssws and as~i~m (~ither vol~Mary by ~tt of tht ~ parfies or involumary by operation of the Isw) oi the same and th~t the covenann hsrein cont~ined shall bind ~nd tM b~nefiq and ~dwnt~pes irwn e;; ro tht respettive heip, leyal r~prcaentatives, succeswn and as~~yns of the p~niq hereto. ~ And said Matgsgon, fa themselves and their heirs, leyal r~prexnbtives, wtcessas and ~uiyns, hereby jointly ~nd wverally cov~nant ~nd pr~e ~ ro •nd with the said MORTGAGEE, in successors and assgns: ~ ~ 1. To pay •II ~nd siryvlsr thc printipat snd inttrest and the wriovs ~nd ~undry fu+ru of mor?eY paYable by virtue of said promissory nofe. •rd this ~,:wtga9e, e+ch and every, promptly on the days respectively the same uverally becwne dw. ~ 2 To p+y dl ~nd sinyvla the ta:n, asstssme+~a, kvies. 6abil~t~es, o6liyations and tncumb~nces of ~wry natw~ and kind now oe s~id dsauib~d z Property, or rhat hereaft~r may b~ ~mposed, wffered. Pl~ced, Iw~ed. o~ ~sses~sd thereon, a tMr herufter may b~ tevied a+ssessed upon this Mortp~ ~ sge, a th~ indebtedneu secured her~by, each snd ewry, when due ~nd payabi~, accwdinp to law, b~lwe they becane delinqwnt. ~nd before ~ny intv~s~ ~ ;naches o~ any penalty is incuned; AND INSOFAR AS ANY THEREOF IS OF RKORD 1HE SAME SHAII 4E PROJNPTIY SATISfIED ANO OISCHARGED OF RECORD ANO THE ORIGIf3Al OfFIC1At DOCUMENT jSUCH A5. FOR IPiSTANGE, THE TAX REGEIPT OR THE SATISFACTION PAPER QFfIC1AlLY E1~DORSED OR CERTIf1ED) SM~?ll 8E PLACED IN THE MANDS OF SA~D MORTGAGEE WITHIN 1EN DAYS NEXT AfTER P/1YMENT; and in the tvent that any ther~of a not pa~d, sarsfied and dhch~rged sa d MORTGAGEE may at a~y t~me pay the same o~ any part tFxreof withovt waiviny w dfect~ny any option, lan, puity a ~ •~qht unde+ w by virtue of this mo~rgage a~d the full artw~nt of each and eve?y such payrrKnt ~hall be immedutely due ~nd pay~ble ~r+d shall besr intereat ~.om the d~te thereof until p+~d at rate of nine per ceMvm per annum and toge+he? w~th such interest shaU ~ by the Ij~n Of_th ~ mw9taye. ~f ~ ¦ f'1n ~ . ~t'~~r '"~i•. ~~~K ~ ~ ~ , = ~ ~ _ - ~ ~ < " . _ ~v; _~~~.a~ . : . ~ _ _