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Home My WebLink About2730 ~ 23Z621 ~ ~ TNtS INDENTURf, Mad~ the 3'~_ day of J• l~ ,/1.p, 19~., between I. E. Estridges III and patricia G. E,4tridge~~~wi fA of S~.I+l1C~A , Co~nty Fbrida, hereinafta designated as the "MORTGAGOR;' and FIRST FEQERAI SAVINGS AND IOAN ASSOCIATION Of fORT PIERCE, ~ co~poration or~anized and exis~ing unde~ th~ tsws of the Un~red Sratas of America snd Mvin~ its prE:xipal plsc~ of , businsss in t1M City of Fwt Pierce, St, lucie County, florida, hereinafttr detiynated ~s tM "MORTGAGEE:' Z~~.~~ ` WHEREAS ths MORTGAGOR is justly inde~ted to ths MORTGAGEE in the sum of ~ good and I~wfut money o( the Un~ted t Srates advanced by the MORTGAGEE unto the MORTGAGOR, aa evidenced by a certain prorttiuwy note of even dats he~ew~th, of whith ~he followinp in ; wo~di and figu~es is a trw copy, towit: ~ : Z~ ~00.00 8, 530 Fwt Piert~. Flwida, Jul ~ 3• 19_ ~ c ~ Fw value received, 1, we w either of us, promise to pay, wi~hout defslcation, to ~F+e orde? of FIRST FEDERAI S~AVIN~GS AIV~ IOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Fbrida, the sum of =_i s 200 • 00 w;th interest from date at the reie of r•~ 96 per annum, in monthly irufal6 ~ ments as foltows: S on tF?e ~ day of SeF~,ember 19~ and a like sum on the corrts ~ ~ pond~np day of exb mo~?th th~~r af~er until the whole be fully paid. Each installment first shall be applied in payment of the interest and then on the unpaid balance of the p?inc~pal sum. If d avlt is msde in the ~ paYment of any installment when due, aod such defauU tontinues 30 dsys, lhen at the option of the holde~, and withouf any other notice, ap the remaining ~~srallments shall be due and payable at once. Privilege is given to prepay this note in whole w in part at any time without ptnalty. Neithe~ fwebearante, ; nor acceptance by the hotder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge of 2i • 70 shall bs ~ ad~ed ro each installment remaining uopa~d 7 days after its due date, and a like sum shall be added to each such installmet+t remaining unpaid 7 days after ~ eath succeeding paymenf dat~. ~ fach makei, surety and endaxr hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayment, sod further € agrees to any extension of t~~ne of payment, either before or after maturity, without not~ce to any of ~s; and to pay all costs of collectan, inctud~ng a reasonabte attorney's fee in the event of any default F.ereunder, and hereby severally waives all bcne(it of homestead and exemptioo under the to~stitution ~ 3~~d laws of each State of the United $~ates, as againat this obGgation or any extension or rcnewal hereof. 3 Witness the hand ar+d seal of each party. - - s/ I. E. Es tridge . II I ~q ~ cs~?u sl pa tri ri A('. _ ~i r3ge (SEAu ~ a ( ~ 0• 80 1 State Revenue (5t~d~aysdppmak~t NOW, THEREFORE, ~he 1NORTGAGOR for the purpose of secur;rg payment of said sum of S 7~~00 •00 ~nd tM performarxe of tM covenants and agreementa he~einafter expressed, and fw diveri yood and valuable conside~ations, by these presents, does grant, bargain, tell, ~emise, release, convey and confirm unto the MQQTGAGEE, its aucceuors a~d auigns, all that certain bt, piec~ w parcel of land, situste, lyirg, arb beinp in ths ~ Counry of St. LUC~A ,~~d Stste of florida, desvibed ~s follows: # PARCEG ~ _ The West 221 feet of that part of the NF~ of the NW~ of the SW~ lying ; North and East of Ten Mile Creek, of Section 29, Township 35 South, ! ~ Range 1~.0 East ~ ~ ~ AL50 ~ . Rights of Ingress and Egress over the following described Tr~c ts : ' 8 s North 20 feet of the SW 4 of the SW ~ of the NW~ of Sec tion 29, Township 3 35 South, Rarige L~0 East St. Lucie County, Florida J ~ y ALSO . ~ The West 10 ~eet of the SF}r of the 3W~ of the NW~ of Section 29, Town- ,~~~Q~ , s W~ 8 ship 35 South, Range 40 East, St. Lucie County, Florida ~ _ ~ C ALSO ~ ~~he East 10 feet of the SW~ of the SW~ of the NW~ of Section 29, Town- » ~P 35 South, Range l~.0 East, St. Lucie Count~, Florida o ~P KRC ~I, 2 ~ ALSO ~ The West 221 feet of the South '19?•1 feet of the SF}~ of the SW~ ~ of the NW 4 of Sec tion 29, Township 35 South, Range L{.0 East. ~ This is a first mortgage as to Parcel 2 and a second mortgage as to Parcel 1 being inferior only to a prior first mortgage from mortgagors to mortgagee dated April 3, 1972 and recorded in 0. R. Book 201, page ~ 35~s Public Records of St. Lucie County, Florida, ~ rogether with all and tinyu4r the te~ementi, hereditsments and appurtsnces tF?ereunto belot+yiny w ln anywise appert~inirg therefo, and ~tl renri, iuws, i proceeds and profiri acuu~ng and to accnre from s~id premises, all of which ue inctuded in the above and forparg descriptio~ and l+abendwn. TO HAVE AND TO HOID the above desaibed and gr~nted premises unto the sad IWORiGAGEE, ib succe~sws and auiprn forewr. Md th~ s~id MQRTGAGOR for thgir executors, administrators and suigns, hertby coven~nls witb the said lNORTGAGEE, its s~ttesson and ~ssipro, rhat I:wfull seized of the said the arA y p?em;ses in fee s'unpte; that tM ssme er~ ins, de+r and dischar9ed from all liem u~d encw~r brances in law or i~ equity, a~d that th~~ will and their hein sh~ll warrant ~nd d~ftnd tM titb to the sarn~ to th~ s~id MORTGAGEE, its s~cceuws and augns, forever against the Iswful cl~ims and demands of ~II perioeu; PROVIDED, AlWAYS that if the MORTGAGOR shall p~y unto tM MORTGAGEE the promiswry note fxreinbefore destribed snd shafl Muly, promptly ' and fully perferm, d~xha~ge, execute, tomplefe, comply with ~nd abide by each ar+d every the stipulstions, sgreements, conditior?s ~nd toven~nri of said L p~omi3SWy ~+ote and of this Mwtgsge, ~hen ~his lNortgsge and the E~t~te hereby ueated ahall ceass s~d be null and wid. IT IS UN~ERSTOOD th~t the wwd "Mort or" whether in the sl ~ 9sg ~gular or piur~l s~?ywhar~ in this Morty~e, shall be sirgutu if onr only and ~ ihalt be plural pointly and severally if more than o~s, and that rhe word "their" as used anywhtre in this Mortgaye sh~ll be taken to mean "hp;' "hen," ~ or "its;' wherever the co~text w impliet or sdmits. Also, thst whereve~ there is a reference in tF+~ covensnri and pr~emenri he~~in co~t~ined to amr o} - ~he p~nies hereto, the ssme ~hall be construed to me~n as well ~s the heirs, leyal representativd, svccessort and assiyrq (eitF~er voluntary by act of tM ~ pa,ties w invol~ntsry by opera~ion of the liw) of the same snd that the covena~ts herein cont~iixd sMll bind and rhe benef~n and advana~.s inur• ~ ro the respective heirs, kgal represent~tives, succeuors and au~gns of the p~rti~s hereto. Md ssid Mwtgayors, fa themselves and their F~ein. legal representstives, successo?s and apiyns, hereby joimty and sever~fly tovenaot ar?d aa~st ro end with the taid MORiGAGfE, iri s~cussors and ~uigns: 1. To pay ~II and sir?gular the principal and interest a~+d the vsrian ~nd sur?dry sums of mw~ey payable by viMie of iaid promiiswy rqte, ~nd thi~ rno?t9+ye, each and everY, promptly on the days respectively the same sewrally become due. 2. To pay ~II and sinyolar the tsxes, assessmcnn, lev'~es, lisbili?ies, obliq~tions and enrmr~br~nces of every nature and kiod now on said d~wibed Property, or that heieafrt~ may b~ impwed, wffnd. Pl~ted, kwied, or ~uessed thtnon, a th~t hereafter may b~ I~vied w usessad ~pon tl~is Mort¢ age, a tFw indebtedncss secured hereby, s~ch snd evcry, whe~ due ~nd pay~bM. ~ccordinp to law, before they lxcome delinqueM, and b~fa~ a~y intK~st artaches w any penatry is incurred; AND INSOfAR AS ANY THEREOf IS OF RKORD TNf SAMF SHAII 8E PRO/MPTLY SATISFIEO AND DISCNARGEO OF i RECORO ANO THE ORIGINAI OffIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OFfICIAILY ENDORSED ~ OR CERTIFIED) SHAIL 8E PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd i~ tht ~vtnt that ~ny M~ereof 'u not pa~d, sar'sfied and discha~ged sa;d MOR7GAGEE may at any time pay the same ot any part thereof withwit waivirg a affectin~ ~ny option, lien, eqvity p f •~qht under w by virtue of this mortgage and the full smount of each and every such payment shall be immediately due and p~ysble snd shall bta~ intsrest ~.om the date thereof until paid at rate of nine per centum per annum ~nd to9ether with s~ch i~te~est shall be set r the I' q~k~,QwryN~t. BG~K~~ PAf,'#~ ~eJL~ ~ ~ ~ ~ ~ ~