HomeMy WebLinkAbout1537 ~ 231819
THIS INDENTURE, Mad~ the 14t~1 day of June A.C. 19 batwesn
KPj111Rth L_ Van Cott _ Jr. ~n_d Vi~ki I. Van Cott } his wife; Carl L_ Crpft anri
r~nn S. Crc.ft . his wifei Harrv M. Fer~uson and Ruth G. Ferauson, his ~ife
of St _ LuCle ~~ounty flo+ida, he~anatta dttignated +s the "MORTGAGOR," •nd FIRST FEDERAL SAVINGS AND IOAN
ASSOCUTION OF FOR? PIERCE, a cwporat~oe~ wp~nized +nd ex~sti~g unda the l+ws of ~M Unit~d SNty of AmerKa ~nd Mvinp its principal plic~ oi
busineu In dN City of Fon PiKCS, St, lucis County, florida, hereinaft~r despnat~d at th~ "MORTGAGEE."
WHEREAS tF+~ MORTGAGOR is justly i~+debted ro ths MORTGAGEE in !hs sum of = 384~ 800 . ~L qp~ and lawful money of the Un~ted
Srates advanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a catain promiuay note of even date he~ewitb, oi wh~ch tM followin~ tn
wordt and figures q a trw copY. to-wit:
= 384,800.00 ~ 3-18,171
Fort Pierc~. Fio.~a., June 14 19 72
For value received, 1, we w eithe? of us, prom~x to pay, without defalcation, to the order of FIRST FEOERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE a1 Fort ?ierct, f{orida, Ihe sum of = 3g4..~ ~0O . n~ w;rh intcrest from date at the rate of~.~~% per annum, i~ monlhly in~tall-
menu as iottows: ~i 3~-00 p~ ISt ~y of OCtO~Y ,~9~_ ~nd a like sum o~ the carespa~d~np dsy of each month therr
after uNil the whole be fully p~id.
Exh installment first shall be applied i~ payme~t of the i~rerese and then on the unpaid balance of the princ~psl wm. If d avlt is made in the
payment of sny inatallmcnt when due, ar+d such default continucs 30 days, then st the option of thc holder, and without any other notice, all the rcmainin~
~nstallments shall be due and payable at once. Privilege is given to prepay this note in whote or in psrl at a~y fime ~rithout penalty. Neither faebtarance,
nor ~cceptance by the holder thcreof after any defa~h in any payments he~eon, shall be dcemed exrens~on. A Iste psyment charge of i167 •~~sMll be
added to each ens?allmen? remaininp unpaid 7 days ~ftet ib due date, and • like sum shall be added to each suth installment remaining u~p~id 7 days ~fter
eath iutceedi~g payrttent da1e.
Each make~, :urety and er+dorur hereof, jolntly and severally, waives demand, presentment protesr and notice of protest fa nonpayment, ~nd funher
agrees to any extrn:ion of time of paymenL either before or aftc~ maturity, witFwut not~ce to any of us; and to pay all costs of coilediw~, i~cludirg •
reasonable attorney's fee in the evem of sny default hereunder, and hercby severally waives all benefit of homestead and exemption uodcr the cautitvtion
and laws of each 5fate of the Unitcd State:, as against this obligation o~ any extensio++ a renewal hereof.
Wif~eu the hand and seal of each party.
/s/ Harry M. Ferc~uson /s/ Kenneth I. Van Cott, Jr.~~~
/ s/ Vicki I. Van Cot t ~,U
/s/ Ruth G. FeYguson ~ /s/ Ca.rl L. Croft ~
577.20 /s/ Ann S. Croft ~
( ~ State Reve~ue
NOW, THEREFORE, the MORTGAGOR for the purpose of secvring paymeM of said sum of s384 ~ SOO. n~) y and tM perfamanw of tM
covenants sed s9~aemenn hereinafter expre:sed, and fo~ divers 9ood and vstwble considerariorn, by thes~ presents, doet grsnt, barysin, sell, ~emise,
release, conwy ind confirm voto the MORTGAGEE, iri successors ar+d auigns, all that certain bt, piece w parcel of tand, dtuate, lyinp, and beirg in ths
County of $t . Lue i e and Sate of Florid~, dewibed ~s follaws:
F'rom the Northwest Corner of the SW:, of the SW4 of Section 24, Township
35 South, Range 39 East, run South along the West line of said Section
24, a distance of 38.n0 feet; thence run South 89° 23' 30" Ea,st, a
distance of 692.10 feet to the point of beginning of the following
described land:
From said point of beginning, run South 89~ 23' 30" East a distance of
150.48 feet; thence run South 00° 00' 30" West a distance of 439.79
feet to the North right-of-way of State Road 70; thence run South
70° [~8' 3O" West along the North right-of-way of State Road 70 a dis-
tance of 160.00 feet; thence run North OU° 00' 3n" East a distance of
495.74 feet tothe point of beginning; all in St. Lucie County, Florida,?
W S'T~i t~t FLCO(-~iUAA rLCGF-2MUA .O~lUTAy -
V~ ~v~~l.":Ci~ii:~C~~ J~7~~P YHX ~?fi~~~ir~ T:.X .ji~1~Y~ 1~/~
? ~ - J~NZa~t T~M. - - _ ~ , . ~~IM rA1?l1ENT Of tAxQ
= 3 Q`-- 8 2 2 D= A~~ 9 9 0 0- ~ ~ a~ a~ a~ss ~~a~ ~sow~c r~orEwn.
N ~ = ~ . - _ _ ~ 9 9 O 0 _ ~r w awr~ na~. ~crs a ~e~~.
Lf:i.1F C:~.*.bi - -
i ~,190112 ~ - = d - ~ ~ ~~T~ /~jf c
0 = _ ~ ~ Q. ~i
E / Y
~ - =~9900= 9900~~ - ~
~ N V GEDLOF ~E'•Et;ii~~.~J _w~9 9 0 0-
i ~8.190112 ~~ww" _ ~
~ rogether with all and iioyular tF~t tenemenn, hereditsmena ~nd appurta~ces rnereunto belonQ;np a in ~nywise app~rtaininy tMrNo, and al) ranb, itsws, i
! p,«eeds and profib acaving a~d ro sccrve from said pramises, all of which are included in tF~ above and fore~oiny dtsuipYan and h~b~ndum.
TO HAVE AND TO HOlO the ~bove dewibed and qranted premisa unto the said lNORTGAGEE, in waeuon arxl ~ssiyro for~va. Md t!w said
~ MORTGAGOR fa thell---- heirs, e:ecuton, administntwa a~d •uigns, her~by covensnts with tl» ssid MORTGAGEE, ifs sutceawrs snd asfi~%
E rhat t tl@ a re ~~N,{~t~y x;:ed of tMe aid premises in fee simple; tMt 1F+~ san~ ar~ frN, ckar ~nd disc}~u9ed from ~11 lia+n and ~ncu~
i brances in law w in equiry, snd that t hev will and t he i r hein sha11 warr~nt and def~nd tM titl~ to the suer to tM aid
; MORTGAGEE, in s+xtessws snd auigru, fwevcr ~siiut the lawful claims and demands ot ~II perwro;
PROVI~ED, AlWAYS that if the MORTGAGOR sh~ll p~y unto the AhORTGAGEE th~ pran"~ssory not~ Mteinbtfore describ~d and tMll truly, promptly
and fully perfwm, dischir~, execute, complete, comply with and ~tiuk by e~ch ~nd every the stipvlationt, ~yreements, conditiom and covsnant~ of said
promissory nott ind of this Nbrtgage, t?~sn this MortQay~ and the Estste hereby ueated stwll ceas~ and be null ~nd void.
IT IS UPlDERSTOOD that the word "Mon9aqor" wMtF+er in the singulu or plwal anywhert in tl~is Mortyap~, sh~ll b~ siegulu if orn a+ly and
shall be plural jointly and severafly if mor~ tF+~n wr, and th~t the wad "their" ss used ~nywhen in this Mwtya~e shati bt tsken ~o mran "Iw:••7~trs••
w"its; ' wherever the co~text so implies or ~dmits. Also, that whe.ever ihe.e is . refere~xe in ihe coven+nn and ayreemenn here~n eomain.d ro any of
the parties herefo. the s~me shall bs construed to mesn as well ss the heirs, ley~l represent~tives, auccesson and assipro (sither voluntary by ~ct of tM
pari~es or involunury by operat'an oi the law) of the same and that ~he covensnn hsrei~ contained ahsll bind and ~he ben~f;n and +dv~ntapes Gwr~
ro rhe reipedive hein, leyil representatives, succeswrs snd ass~yns of the puties Mreto.
Md said Nbrtga9ors, fa themselves and their hein. {c~al representatives, succeswrs u+d ~uiy~s, hcreby jointly and severally cov~nsm and ~yr~e
~o ~nd witF~ the said MORTGAGEE, its wccessors and augru:
1. To p~y all and sirgular the principsl and interest and tht vario~n and sundry wms of money paYablt by virtw of said promiuoty not~. ~d tfi4
mwtyaQe, each +nd ewry, promptly on the d~ys rKpeaiv~ly tht same sewr~lly becam dve.
2. To p~y ~II afld lIf1~VIN the taxes. aasessm~nb, levies. liabilities, obligstions and sncumbrances of every natur~ u~d Eintl- now on aid deur~d
property, or that he~esh~r may b~ imposed, suffer~d. plxed, levied, or ~uessed therwn, a that here~fta rruy be Iwied or askswd upon thla Mat¢
ays, w tM indebtedrws secu?ad hereby, exh and erery, wh~n due ~~d paysbk, accwdirg ro law, befo« they becoreM detinque~l, and b~fw~ aeryr intt?eit
atraches or a~y penalty is incurred; AND INSOFAR AS ANY 1HEREOF IS OF RKORD THE SAME SHAII dE PROMPTLY SATISFIEO AND DISCWIRGf~ Of
~ RECORO ANO THE ORIGIPIAL UffIG1Al DOCUMENi (SIKH AS, FOR IMSIAMCE, TME lAX RECEIPT OR THE SATISfACTION PAPER OFFICIALIY ENDORSE~
~ OR CERTIiIED) SNAII SE PlACEO IN TME HANDS OF SAID MORTGAGEE WIiHIN TEN DAYS NEXT AfTER PAYMEf~iT; ~nd i~ the event tMt any thereof is noi
f pa~d, saYsfied and diicha:ged ta:d MORTGAGfE may at any t~me p~y the tsme w any pa~t thcreo( withovt wai~iny or sffectinQ any option, lien, eq~ity or
, ~~qh~ under w by virtue of thi~ mwtgsgr a»d the full amount of each and every wch payment shall be immcdiately d~e and psyabk and ihall btar interas~ •
~~om the date the~eof unt;l pa;d ar r~te oi n~ne per cenrum per annum and togerher w~rh iuch inrerest ~hall be secured by the lien of th:s morqfa~e. ~
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