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HomeMy WebLinkAbout1989 CURRECTIVE b10RTGAG6 ~ ~~~y~v . , THIS IN~ENTURE, AAsd~ the 22nd day of `~un~ A.D. 19?? b~twe~e~ Bevexly J. Ellwood, a single adult - of St. LLLC1@ ~p~~~y F~a;d~, hereinaftsr de~ig~ated ~s the "MORTGAGOR;' •nd FIRST FE~ERAI SAVINGS AND l0~?N ASSOCIATIpN OF FORT PIERCE, a corporation orpanued and exis~inp under tM laws of tM United St~t~s of Americ~ ~nd havinp its principal plac~ of buiin~s in ~M Ciy of Fo.t Pi~.ce, St. luci~ Gounty, Fb+ida, IKrfiMltN d~spnar~d ~s tM "MORTGAGEE:' WHEREAS tM MORTGAGOR is justly indebted to th~ MORTGAGEE in the ~um o( = 35 ~ 400• Q~ yood and lawful money of the Un~ted ~ States advanced by tl» MORiGAGEE unro the MORTGAGOR, as evide~ced by a certain promiuory no~e of even d+te I+erewitF~, of which the tofiowinp i~ wwds and igures y a trw copy, to-wit: ~ 35, 400.00 p~, 3-18a464_ ~o.~ P;K~•. Fb,;d,. June 22. i972 Fw value received, 1, we or either of us, promise to pay, withait defalcatia+, to the ordcr of fIRST FEDERAL SAViNGS ANO IOAN ASSOCIATION OF FORT PIERCE a~ Fort Pierce, Fbrida, the sum ,f s 35,a00. 0~ _ W;~h in~erest (rom date ~t the rate of7• 7S% pe~ +nnurr~, in monthly install- ~re~+s as fot!ows: t 268 . 00 1 St ~y of A119U St ~9 72 and a like :um on the correspondinp day of eath month therr ~ afrer until the whok be fully paid. Each installment iirit shall bt applied in payment of the interest and then on the unpaid balance of the principal sum. If d au11 is made in tM payment of ~ny installment when due, and such default continues 30 days, then at the option of the holde?, and without any other notice, all the remaining ~nstallments shail be due and payable a1 once. Privilege is yiven to prepay this ~ote in whol~ w in part at sny time without pe~slty. Neither forebearante, nor accepance by ~he holde~ thereof afte? any default in any payment~ hereon, shall be deemed extension. A late psymem ch~rye of : 13. 4~ shall be added to each ir?siailment remaining unpa~d 7 days afte? iri due date, +nd a like sum shall be added to each such inatallment remaini~g unpaid 7 days after each succeeding payment date. Each maker, surcty and endorser hereof, joi~tly and seve~ally, waives demand, presemmen~ protest and notice of protest for nonpayrnent, and fvrther agrees to +ny extension of time of payment, either beiore or after maturity, without notice to any of us; and to pay all costs of collectioe+, includiny • reesa~able attwney's fee in the even? of any default he~eunder, and hereby severally waives all be~efit of homestead and exemption under the constifutioo n~d laws of each State of the United States, as against this oblgatiw~ a ~ny eatension a rcnewal hereof_ Witness the hand a~d sesl of each party. S~ Beverly .1• EIIWOOC] (SE/?U (5~?U (SEnq (s~?U c ~„rwi.,.. (~ar*c~eda+F~a+ow) NOW, THEREFORE, the MORTGAGOR for the purpose of securing paymcnt of ssid sum of = 35 ~ 4~~. 00 and tFN performance of tM coven~nts ~nd agraements hereinafter expresscd, and (w divers good and valuabk cauidaations, by these presenri, does grant, barpain, sell, remise, retease;- convey and confirm unto the MORiGAGEE, iri sutcessors ~nd sssigns, all thal certain bt, piett or pucel of land, situate, lyirg, and beinp in tM ~ SL . L11C lt ~ State of Fbrida, dewib~d as follaws: Lots 9 and 10, RESUBDIVISION WEST PART OF LOrT 40. UNIT 1~ MARAVILLA GARDENS, according to the plat thereof on file in Plat Book 14, page 34, Public Records of St. Lucie County, Florida , _ C~L~~ ~ ' = 1~ PA11YE1ff OF TlIXE3 DtE ON dJ1SS 'C IIITAlt616LE PEIISONIIL lROr~Y. ~`-j~ PURSIMNT TO GIAP~F' 71-13+. ACTS OF I971. i R0.:EA POITM.4 I WRCUR OOURT, Si. LUCIE 00.. Ft1l ! This moYtgage zeplaces a mortgage of like amount, same date, to First j Federal Savings and Loan `ssociation of Fort Pierce, Florida, on which ~ the intangible personal property tax and the documentary stamp tax has already been paid. See Class "C" Intangible Personal Property receipt No. 129022. ~ i ~ together with sll ~nd singulsr the tenements, hereditsments ~nd appwt~nces thereunto belaginy a in anywise app~rtai~irg tM~tro. ~nd all r~nri, isiws, proc~eds +nd profin scvuing and to acaue from said premises, ~II of which ~re incluJ~d in the abov~ and forsyoirg dewiption and hsb~ndum. ~ TO HAVE D TO HOtD the above deuribed and g~anted premises unto tFw said MORTGAGEE, in uxussas and assigns forewr. Md th~ ~sld MORTGAGOR fa~e1 heira, executon, ~dministratws •nd ~ssigra, hsreby coven~Rh with the said MORTGAGEE, ib succ~swn a~d astip% Sh@ 1S ~ rhat lawfully seized of the ssid premists in fee simpls: that tM ~+m~ u~ frw, ck~r and diKhu~ad hom dl li~m and snc~x~ orsnces in law w in equity, and tMt She will u~d her heirs ahal{ wursnt and defend tM iitb to tM sam~ to tM s~W ~ MORTGAGEE, i» iucceswrs +nd ~uigns, faever agairat tha lawful claims and d~mands of all p~rwm; k PROVIDEO, ALWAYS tMt if tht MORTGAGOR tl+~ll pay unro tM /YIORTGAGEE tht promissory not~ he~~inbefor~ dewibsd u~d sMll truly, ptomptly and fully perform, d~xharye, execuee, compkte, comply with ~nd ab~de by each a+d every ths stipul~tions, ayreemsnn, conditiau ~nd cownan» of said ~ promissOry not~ +nd of this Mwtga9e, then this Mortgaye and the &tate hereby vNted sh~ll uas~ and be rwll a~d void. ~ IT tS UNDERSTOOD that tl~e word "Mort9ayor" whetMr in the sinpulw or plwal ~nywher~ in thi~ Mortyape, shall b~ sinpulu if one only ud ~ ;hall be plw~l jointly and asver~lly if more tMn on~, and that the word "their' u v~ed anywhere in tha Mwtpap~ shall b~ taken to m~~n "his:• •'Mrs•• ~ or "ib;' whe?eva the cont~:t so implies a ~dmits. Also, that wherever thde b+ nferenc~ in tht toven~nri and ~pr~emenb herein co~?t~in~d to ~ny of a ~F~e p~rtie~ hereto. the am~ sh+ll be construed to mean as well as the hein. 1~9a1 r~presentatives, wccess«s ~nd assi9ro (~ither voluotary by ~ct of tht ; ~ pa?ties or involuntary by opention of the law) of the same and that the covansots herein contained sh~ll bind u+d the bentfiq and adv~ntapa inw~ ~ ro the rsspective hevs, kyal representatives, uxusson and ass~qns of the p+rties herero. } ~ Md said Morfga~ors, iw themsslves snd their heirs, kyal represemativa. wccesson and suipro, h~reby joinNy ~nd sev~rally cwenant and pr~e ~ ro ~nd with the Wid MORTCaAGEE, ~ts s~rccesson ard auiyns: ~ 1. To pay all and s+npvlu tt~e principai and interest and the various and sundry fwns of moneY paYabk by virtw oi said promiswry not~. ~nd thn ~ mortgape. sach and every, promptly on th~ dsys respectively th~ aame s~verally becorru due. ~ 2. To pay all and sirgula~ the taxes, assessme~n, levies, li~bilities. oblgations ~~d eecumbrances of every Mtw~ and kind raw on said dew~d ~ prop~rty, or tMt hereaher may b~ imposed. wffered, pl~ced, levied, a aa~sss~d thaeon, a th~t hereafte~ may b~ kvi~d a u~eead vpon N~is Mort~ ; ~ aye, w tln indebtadness ~ecured hereby, ead? and ewry, when d~e and payabl~. ~ccordinp to law, bsfor~ they becomt delinquent, and befw~ any iM~r~st ~ attathes or a~y penalty is incurrcd; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SNAII SE PROAMiIY SAiI5F1E0 AND ~ISCHARGEC Of RECORD AND THE ORIGIIVAI OFftCIAI DOCUMENT (SIKH AS, FOR INSTANCE, iHE TAX RECEIPT OR THE SATISfACT10N PAPER OfFIC1AltY ENDORSEO ~ OR CERTIfIEO) SFULL BE PIACED ll~i THE MANDS OF SAID MORTGAGEE WI7HIN TEN DAYS NEXi AFTER PAYMENT; snd in rhe event fiut ~ny ihereof is nw ~ paid, sat's(ied and diuharged sa:d MORTGAGEE may at ~ny time pay the s~me w+ny patt ~hereof withovt wiiviny or +~fectinp any apYan, lien, ~q~iry o~ ~ .~9ht under w by virtue of this mortgage and the iull ~mount of each and every wch paymem shall be immediately dw and payabk and shall bea~ inttrtst ~ ~.om the date ~hereof until paid at rate of nine per centum per annum and t~yether w:th s h bt II be ~ litn of th:s morytap~. bCu~ f~ii 1~~~ ~ - - ~ ~~v:< s ~ ~ ~ ~~_~..N~ ~ ~ _ - , ~ _ ~ _ ~~'C'3 s "