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Home My WebLink About1627 i~:~1~5 v THIS INDENTURE, Mad~ the 19th d~y of Jun~ A.D. 19_7~, betwean Pearl Construction Co. ~ Inc. a Florida Corporatior~ _ of $t. Lucie Cprnty Florida, hereinaf~er deignared as ihe "MORTGAGOR," •nd FIRST fE~ERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, ~ torporation ory~nized and exii~ing unda the laws of the Un~fed Sfa~os of Amaica ~~d Mvinp its principal plac~ of busiM~s in tM City of Fut Piacs, St. lucie Cou~ty, Florids, here~nafter des~9nated a~ tM "MORiGAGEE." WHEREAS tM MORTGAGOR is justly indebred to ths MORTGAGEE in the sum of = 24f 2~•~ good and lawful money ol the Un~ted Srates advanced by the MORTGAGEE u~to the MORiGAGOR, as evidenced by a certam promiuwy rto~e of even date herew~tf~, of wh~ch the following in ~ordi and tgurei is a trve copy, to-wiC z24~200.00 ~ 3-18,480 Fort Pierte, Flaid~, 'j~~ 19• 19 72 # for valus received, 1, we or either of us, promise to pay, without defalc~tion, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fwt Pierce, Florida, the sum of S 24~2~ w~th inrerest from date at the rate of 1_a.~°.o pe~ annum, in monthly inslai6 ~nents as fol!ows: S 195.00 on ~he day of ~LObeZ lq_~_ and a like sum on the corrcspond~ng day of each month there- atter umil the whole be tully paid. Each i~stallment (irst ahall be applird i~ paymem of the interesf and then on the unpaid balance of the prinupal sum. (f d ault is made in the ~>ayment of a~y installment when due, and such defautr continues 30 days, then at the option of the hofder, and wi~hout any other notice, all the remaining ~:u~allments shall be due and payable at once. Priv~lege is given to prepay this note in whole or in part at ~ny Gme without penalty. Neither faebearance, nor acceptance by the ho~der thereof after any default in any psyments he~eon, shall be deemed extension. A late payment charge of : 9'75.. shill b~ added to each installment remaining unpa~d 7 days af~e~ its due date, and a like sum shall be added to each such installment remaining unpai~~dipa afttr each succeeding payment data ~ Each maker, surefy and endorser hereof, jointly and severally, wa~ves demand, presentment protest and nor~ce of protest fw ~~!'furfhar ag~ees to ~ny extens~on of time of payment, either before or afte~ maturity, without notice to any of us; and to pay all costs of~~x~ ~~+d • reasonable attorney's fee in the event of any defauh hereunder, and hereby severally waives all benefit of homestead and exemption ~,ooo~iS-,' and taws of each State of the United States, as again:t this obligation or any extension o~ ?enewal hereof. , W~tness the hand and seal of each party. PEARL CONSTR~TICN DQ'~ YId~~ 1- ~ S/Gary L. Pearl, Pt~s~d~nt~, f~ " - ' ~ . _ - = - ''orporate Seal Affixecl S/Philip Pearl, Seczet~~?- Treas ~ ~y~` ` ~ $ 36 . 30 ~ sr.rs aevenue • NOW, THEREfORE, the MORTGAGOR fw the purpose of securing payment of said sum of S 24~ 2~•~ and the performsnce of ths covenants and ~g.eements hereinafter expreased, and for divers good and valuabl~ conside~ations, by these presents, does g?ant, bar~ain, sel1, remise, release, convey snd confirm unto the MURTGAGEE, its succeuors and auigns, all that certain lot, piece or parcel of land, tituate, lying, and beinp i~ tM Covny of St . Lue ie and State of Florida, dewibed ~s follows: East 36 feet of Lot 2 and West 48 feet of Lot 3 Block 4~ SILVER LAKE PARK SLBDIVIS70N~ according to the plat thereof recorded in Plat Book 10 Page 4 of the Public Kecords of St. Lucie County, F lor ida.~ , _ ! S 1 G? ~ t~ p,r' ~ U PI U A E v~ t)OGt IiAEPlT~, _ ~ ~ k 3l'k2P72 ` 4 = ~ IN PAYME'I'(T OF TA~ ~ ~3 6 3 0 ~ o~ o~ ~ INTAM6IBLE PERSONAI PROPERI'L i ~ - - U = PURSIiA(dT 10 CFIAP?ER J1•13~t. ACts OF 1~311 ~ sp rt~r.es Q:.rteit ~ Rg.19Q112 ~ ROfiER ~OITRAS ~j~ CIfRII qRqllT CQURT, S(. Ll1C~E CO., FLA ~ ~ ~ ~ ~ :ogetFxr with ~II snd singular the tenements, heredibments and sppurtances thereuMO beloogirg w in ~nywise appe?t~inirg iF?ereto, ~nd dl rents, issua, i ~ prOC!!Jf and profin +ccruing u?d to sccrue from ssid premises, all of which are irxluded in the abova +rd forepoiny descriptwn and habendum. _ ~ TO HAVE AND TO HOtD the above described and granted p?emises unto the s~id MORTGAGEE, iri s~aesson u~d aui~ns forevtr. Md tM sid MORTGAGOR fw 1tS - heirs, executors, administratort and assigns, hercby covenant~ with the s~id AAORTGAGEE, ib tvccesaors +nd ~ssipm, ~ 1~ 1S ihat Iawfully seized of the said p?emisei i~ fee simple; that tM s+me are frse, cle+r and discharyed ~rom ~II liern u~d encum~ ~ brarxes in law a in equity, and tl~st lt W~~~ 1t5 hein shall warranf and dcfend tM title 1o the s+m~ to ih~ ~sW r MORTGAGEE, its successws and auigns, forever sgainst the lawful claims and demands of sll persons; ~ PROVIDEO, ALWAYS that if the MORTGAGOR sMll p~y unro the MORTGAGEE the p?omissory note hereinbefae described and aFwll truly, promptly and fully perfwm, dixhsrge, execwe, complete, comply wi+h ~nd abide by each and every the stipulations, agreements, conditiora ~nd covenants of said prom~ssory note ~nd of this Mo?tyspe, then this AAortyage and the Estate hereby ae~ted shall cease ard be null snd void. ~ IT IS UN~ERSTOOD tMt the word "Mortyayw" whether in the singular w plural anywhere in this Mortysye, shsll be sinpular if one only and ~ shall be plvral 'pintly and severally if mwe than one. ~nd that the vrord "their" ss used anywhen in tAis Mort9~ge shall be taken to mean "his; •••hen; • ~ or "in;' wF~erever tF~e contezt w implies a admits. Alao, thst wherever there is a reference in the covenann and spreements herein contained to a~y of = the panies hereto, the ssme shsll be coratrued to me+n +s welt ~s the heirs, legal representatives, succeuwt and auqro (eithe~ wluntary by act of the ~ parties a irtvolunt~ry by operation of the Iaw) of the same and that the covenants herein contained sMll bind snd the benefits and advantpq inw~ 5 ro the reipective heirs, Icyal representatives, iucceuws and su~gns of the puties hereto. ~ Md s+id IIN~.t n, fo. themselves and their hein, I al rc esenutives, succeasors snd au' s her ntl and severall covenant and ree c, 9~ ~9 W ~9^ . ~Y la Y Y ~ to ~nd with the said MORTGAGEE, in s~,ccessas and sssign~: ~ 1. To pay all aod singular tAe pri~ipsl and interest and the various ~nd sundry wms of mo~ey payable by virtve of said promissory not~, ~nd this mort9a~e• esch and every, promptly on the dsys respectively the ssme ~aver~lly becort~~ due. ~ 2. To pay ~11 and singular the taxes, sssessmenn, levies, liabilities, oblystian ~nd encumbranus of every rwtw~ snd kind raw on said dtsvibed ~ property, a that hereafter may be imposed, suffered, pl~ted, ievied, a~sfessed thereon, w tMt here~fter may be kvied a assessed upon this Mortp- ~ age, o~ tM indsbtedness secured hereby, each and every, whcn due and payable, acco~dinp to law, befae they becomt delinquent, and bsfwt any intttat ~ a!taches or any penaltY is incurred; AND INSOfAR AS ANY TMEREOF IS OF RKORD THE SAME SHAII 6E PROMPTIY SATISfIED_ AND DISCHARGED OF ~ RECORD AND THE ORIGINAL OFFI~IAI DOCUMENT 1~1CH AS, FOR INSTANCE, THE TAX RKEIV? OR THE SATISfACTION PAPER OFFICIAIIY ENOORSED ~ OR CERTIFIED) SHAII BE PLACE~ IN THE NANDS Of SA~D MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event tMt ~ny the~Mf is not ~ paid, sat'sfied ~nd diuharged sa'd MORTGAGEE may st any t~me psy the same o~ any part thereof without waiving w affectiny any option, lien, equiry p ~ •~qhf under or by virtve of this mo+tgage and the fvll amo~rnt of esch a~d every iuch payment shall be irnmediately d~e and payabk and shall besr interest e ~.om the date thereof unsil paid at rate of nin~ p~ y~~~~~~~"~r i ther w~th suth interest shall bc secured by the lien of th:s moryN9e. K ~ W~' ~ , I r~: , - ~ ~ ~ '~'s~~'-y„~~,~,-~ rx _ ~ ~ „rc.`~s.=5~. ~ _ -s ,,.::cc~.~a. *.r`' ~