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HomeMy WebLinkAbout1815 TNlS iMDfNlURF. Mad~ the 20th d+y of J~e A.D. 19 72 betwce~ ~ killiam E. Davis and ElfYieda M. Davis~ his wife ~ of St. Lucie ~~~M Fiw~da, hcreinafter deign~ted ~s the "MORTGAGOR;' ~nd ffRST fEOERAI SAYINGS AND IOAN ASSpC1ATION OF FORT PIERCE, a to~poration orqanised a~d exi:ting unde~ tM Iawa of 1As Uni?td Stat~s of Mxrita +nd Mvinp in printipal pl+c~ of bu~inea +e? tM Ciy of Fo~t PiKC~, St. lucie Cou~ty. Florida, herei~afiK desi~na~ed u tt?~ "MORiGAGEE:' WHEREAS th~ MORTGAGOR is justly indebted to the MORTGAGEE in tAe sum of = 24 L~0 , good and lawful money of the Un~ted S~ates advanced by the MORTGAGEE umo tM MORTGAGOR. as evidenccd by a certa~n p~omiuo~y nols of even date huewitb, of which ths followinp i~ riords and figures is • frw topy, towit: s aa,ooo.oo N, 4-18i4$4 Fo.~ P;Q«,. fi«;d,. June 20i 1972 Fw value rKeivcd, 1, we or either of us, promise to pay, without def~lcation, to the orde~ of FIRST FEOERAI SAVINGS AND LOAN ASSOCiAT10N Oi FORT PIERCE at Fat Pieres, florida, ths sum of Z 24 ~Q~ with interest (rom date at rhe rate of 7• 5 96 pe? annum, in monthly inst~ll- ~ ~~en~s as foltows: S 294•~ oe~ the ~gt d~y of AuQUSt , 1972 and a like sum on 1he cwrespondin~ day of each month thers- after until the whole be fully paid. Each installma~t fint shall be applied in payment of fhe interest and then on the unpaid balance of the principal sum. If d ault is m~de in the NaYment of any installment when due, a~d such default coroinues 30 days, then at the option of the holder, and w;thout any other not~ce, sll the remainir?g ~~,staNments shall be duc and payabte at once. Privilege is given ro prepay this note in whole o~ in part ~t any time without peoalty, Neither forebearante, r.or acceptance by the holda thereof after any default in any payments hereon, shall be deemed extcnsio~. A lafe payme~t charge of s 9! ~7O shall be added to each installment remaining uopa~d 7 days after ib due date, and a like sum sha~l be added to each s~ch installment ?emaining uopaid 7 dsy~ after tact~ suCCeeding paYment date. Each maker, surcty and endorser hereof, jointly and sever~lly, waives demand, p~esentme~t protesf and nofice of protest fw nonpayment, and further agrees to any exte~sion of time of payrt+em, either before w a(ter maturity, without not~ce to any of us; and to pay alt costs of collection, intlud;ng a rraaonabk attorney's fee i~ the event of any default he~eunde?, and hereby severatly waives all benefit of homestead and exemption ur+der the tonstitut'ron ;nd taws of each State of the United S!ates, as +gainat this obligation w any extension or renewal hereof. Witness the hand and xal of each party. S/Williain E. Davis ~y (SEAU S/Elfrieda M. Davis ~u $36.00 , ~ c s~~~. a~~N,,,~ NOW, THEREFpRE, the MORTGAGOR fw the purpose of securirg payment of ssid sum of S 24~~~'~ , ~nd tM performancs of ths covenants and agreements Ixreinaftes expresud, and for divers good and valuable consider~tions, by thete presents, does yrant, bargain, sell, remise, release, conrey a~d confirm unro the MORTGAGEE, ih succeuors and auyns, e11 that ce~tain iot, piece or parcel of land, sitvate, lyinp, ~nd beinp in tM ~o,,~~y St . Luc ie ~~nd State of Fbrida, described ai follows: , Lot 7, Block 25, RIVER PARK UNIT 3, per plat thereof on file in Plat Book 10~ Page 8~~ of the Public Records of St. Lucie County, Florida ? ~ # ~ ~ u ~ uF r-1.-U P~ TPX 1 l~ o~' S'' ~ S E~-tn W y ppCUM '4~ a Z ~,~it3~~ 3 6 . J 7 = S~~:is-y~~-~" c U DEP'.Of A~ :E~`tiC w ~ ~ N ~~oj1z ~p~p ~ tN PAYMEP(I OF Tll~ 'p8' DUE 011 CUISS 'C IKTAItGIBIE PERSONAt /100~, pURS1iM11 TO CHAv'F~ 1~-134. ACTS Of I9)1.~~~r~ R65ER POITRAS CLFR!( CIRCUIt COUR?, Sf. LUC1f 00.. ITA rogether with a!I and singular the tenemenri, hereditamenb ~nd appurtances thereunlo belagug q in ~nywiu apperNini~y thereto, and all r~nn, iuuta, pr«eeds ~~d prof~n accruing snd to xcrue from siid premisei, ail of which ue included in the abow and fo~~yoirg description and habe~dum. TO NAVE AND TO HOW the above dexribed and yranted premiaes unto the aaid MpRTGAGEE, its svaesson and ~uiym forswr. Md th~ ~Id MORTGAGOR fw hein, execvton, administr~ton and auigrts, hereby covenanb witb flk qid MORiGAGEE, iri sutc~ssws uid ~ssipro, ~nar _ they are _~„~~~i x~:~d of .+~d Y premwes in fee simp{e: thst tM same are fne, cle~r ~nd dischsrped from all 1'~ero and ~ncum- brances in law a in equity, snd that they W~~~ theit hein shatl warr~nt snd defend the thl~ to tM same ro the faid MORTGACaEE, iti successors and assigm, fwever againit tM lawiul claims and demands of all persorq; f PROVIDED, AlWAYS th~t if the MORTGAGOR shall piy vnto the MORiGAGfE tM promissory not~ l~ereinbefor~ desnibed and sh+ll trvy, promptly and fvlty perfam, d+'xha~~e, execute, compkte, comply wi~h ~nd sbide by exh and every tFw atipulations. ayreements, conditia~s and oovenaob of wid promissory rate and-of ~his Mortgaye, then this Mortg~ye and tl+e Estate hereby ue~ted sh~ll u~se u+d be nulf ~nd void. i IT IS UNDERSt00~ tMt the ~word "Mort9agor" whether i~ the si~gvlu w plwal ~nywixre in this Mo~fy~pe, shafl be sinpvlu if ont only and i ihalt be ptur~l joi~tly and severally if mo?e than one, and ti?at the word "the'u" ~s u~ed ~nywhere in this Nbrtysy~ sl»II be taken to rMan '1?n;' "h~n;' ` or "in;' whereva the conte~ct so implirs or sdmits. Alw, tFut wherever there ii a ~efaence in the cove~snts ~nd agreemenq herein containd to ~ny of ~ ~he puties hereto, the same shall be construed to me~n ~s well ~s the hsirs, kyal rspresentatives, wccessors ~nd ~uipro (eifMr volunt~ry by act of tl+~ ~ parties or invduntsry by oper~tion of the I~w) of the sams and that the covenann herein contained shall bind and ths benefits and ~dranbyta inw~ ro the respective Aeirs, kgal representatives, tucceisors snd au°yns of the p+nies hereto. i Md said Nlortgsgtxs, iw themselves snd their hein, le~al representatires, succeuws and auigro, hsreby jointly ~nd severally covenan! and ayree i ro and with the said MORTGAGEE, its succesiws assiyro: 1. To pay all ~nd singvlar tFx princ~pal and interest u~d the wrious and iundry sums of maxy payabl~ by virtue of iaid promisso?y note. ~nd thFs mortys~e, each and every, prompfly on the d~ys respeaively the same sev~rally becortw due. 2. To pay all and sinpvla the qxa, asscssments, levies, liabitities. oWigations ~nd encwnbrances of every rwtwa a~+d kind now on said desuibed p.ope.ty, a tFHt hereafter may be impo~ed, wffaed, placad. levied, a asstued thereon, a tMt here~her may h~ leviad or ~ssessed vpon thb Mort~- age, a tM i~btcdneu secured hereby, exh and every, when dw and p~yabk, xcordirg to Isw, before they becan~ d~linquenL and b~for~ ~ny intK~t~ artaches or any penalry is incvrrtd; AND INSOfAR AS ANY iHEREOF tS OF RKOR~ 7HE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGE~ OF RECORD AND THE ORIGINAL OFFIGIAL DOCUMENT (SUCH AS, FOR INSTAN~E. THE TAX RKEIPT OR TNE SATISfACT10N PAPER OFFICIALIY ENDORSED OR CERTIFIED) SHAII BE PLACEO IN THE HANDS Of SAID N{ORTGAGEE WITHiN TEN DAYS NfXT AF1ER PAYMENT; and in tiK event t1~st iny thereof is not pa~~+, sat"sfied and diuh~rged sa:d MORTGAGEE may at any time pay the same o~ ~~y pan thereof without wsiving or st(ecting sny option, lien, p~ity w •~qht under a by virt~e of this mortgage and the full amount of each snd every such payment shall be immediately dw and psy~ble ~nd shail 6tsr i~terq~ ~rom the da~e ~he~eof u~til psid st rate of nint per centum per annvm and together with tuch inte~est fhall be secured by the lie~ of th:s mor9taq~. t~ p ; 6^u0K ~ t~ PAGf ~~7~~ j ~ + ~ 'f~~~ ~ = ~o-=a ` u,_ ~ ~~r`_~ - ~u-",>.~. ~ a..- r.. ~ , ~ ~ _ n ~ _