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HomeMy WebLinkAbout2742 23262'7 " TNIS INDENTURE. Mad~ tln lft day of `~~y A.~. 1~_.:.s-, batw~e~ ,Ch~rlgc H Ce~x ~nd Mar~ MF,~pYT~ig rifa of St • LtIC 0 ~ C~~~y Florida, I+NeinsftK daignatid aa' ti+~ "MORIGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ASSOCIA?ION OF FORT PIERCE, • corpaatio~ organized and ex~s~irg unda ti+~ laws of tM U~ited Sr~i~s o! Americ~ and Mv'~np iri principal pl~c~ of buurusa In ~M Ciy of Fat P~erce, St. lucie County, Florids, hereinaft~r d~sgnated ~s the "MORTGAGEE:' WHEREAS tM MORTGAGOR is justly indebted to tM MORTCaAGEE in tha wm o( S 2O good ~nd lawful mon~y of the Un~ted S~ates advanced by the MORTGAGEE unto ?he MORTGAGOR, as ev~denced by a ce~lain promissory nott of even da?e herewitb, of wh~ch tM followi~p in Wwds and ure~ a nue copy. to-,N~t: 3-18 523 z 20,00~. ~ , ; fort Pierce, florids, 'lti~'y 1~ 19 72 Fo~ value received, 1, we w ei~hcr of us, prom~u to pay, without defalcation, to the order of FIRST FEDERAI. SAVINGS AND LOAN ASSOCIATION OF t FORT PIERCE at Fwt Pierce, Fbrida, the ium of S~ • 0~ - with ineerest from date at the rate of 7• 5 46 psr annum, in moolhly instal{- ~ ~„ems as follows: i~62•~ on thelst day of 1HoVember 19 72 a~+d a like sum oo the carespond;np day of e+ch moroh tF+a~- efrer uniil the whole be fully paid. FxF? installment first shall be applied in paymrnt of the interest ~nd thcn o~ the unpaid balance of 1he princip~l sum. tf d ~ult ii msde (n tM payme~t of any ins?allment when due, and such default continues 30 days, Ihen st the option of the ho(dtr, and without any othe~ nofice, sll ths remainirg ~nsialtments sha~t be due and payable a1 oncc. P~ivi?ege is 9iven to prepay this note in whole w irt ps?t at ~ny time without pen+lfy. Neither forebearanc~, nor accepfance by the holdet thereof aiter any default in any payments hereon, shall be decmed extension. A la~e payment char~ of = 8~ i~ sh~ll bt added to each installment remaining ~npa~d 7 days after its due date, and a like sum shall be added to each auch instaUment remainirg unpaid 7 days afte~ eath sucteeding payrtunt date. Each make~, surety and e~uJwaer hereof, jointly and ieverall~, waivea demand, presentme~t protest and eotice of protett for nonpayment, and further agrees to any exteniw~ of time of payrrxnt, either before w after maturity, without not~ce to any of us; and to pay atl co~ts of coltectian, i~clud~rq a reasonable sttwne~/s fee in the event of any default hereunder, and htreby severally waives aIl benetit of homestead and exemption under tM con~fitutan and laws of each State of the United States, as against this obligation or any extension w re~+ewal hereof. Witness the hand and seal of esch party. S/Charles H. Cox ~u cs~?u SlMa?rv M. Cox ~q (sEU1 ( ~ ~ ~ State Rev~r?ue NOW. THEREFORE, the MORTGAGOR for tF?e purpox of securing payment of said sum of S 20~~~'~ ~ and tM pe~formsnce of tM covenann and sgrsementa hereinafter expressed, a~+J fw divers good and val~able cau~dc~atans, by these presents, does yrant, bar9ain, ull, ~emix, release, convey and confirm unlo the MORTGAGEE, ib successws and auigns, all that certain lot, piece or parcel of land, situate, lyirg, and beinp In tlw County of - -st. Lueie , and State of fiorida, dewibed ~s follows: Lot 51, RIVER OAK SSTATES, as per plat thereof recorded in Plat Book 16, page 5~ Publi~c Records of St. I.ucie County, Florida. STATE ~ F ORIUA t~ ~ DOCUMEiVTAp~ STANi,_P TAX ~ ~ Z = . ~ ~ s, _ IN M7bts~Vy' pF ~j~t. -J ~ _ ~7- 72 . 3 r ~ OM CI11SS t~VTrVfGfBLF ^f~'S~~d?:.i ~•E`I~til, ~ ~ _ . = 3 000= ~ ~li;~~i TO CWWfER 72-134. /,i,'TS (iF 131;. N V GEii.OF tEY[IN[ ' = IiOGE~ YOITF~S ~71~ P.B.~,o~~: t~rs~c c~ecttR c~~rtr. sr. w;.~E oo, ~ ~ogefher with sll and singular the tenements, hercdiuments and appurt+nces thereumo belayirg or in uiywise appert~inirg thertto, and all r~nts, i~sues, pr«eeds and profitt acuuing and to sttrue from ssid premises, all of which are included in fhe above and forpoinp deKription and habMdwn. TO HAVE AND TO HOID the above destribed and grsnted premises unto ths pid MORiGAGEE, ib aucussws and iuqns forewr. Md tM said MORTGAGOR for - th-~lr heirs, executon, adminisfrarws and as~igns, hereby covenanri with fhe said MORTGAGEE, its waesion and auipm, that - theY are ~,,,,,f~+~, ~ized of the said prem;~es in fee simple; tMt tlw sarrw ue free, ck~r ~od d'~scharyed from all lieru u~d ~ncwn- brances in law w in equity, and that they. W~~~ their hein sMll wurant u~d d~f~nd th~ titb fo tM ~am~ to tl» said MORTGAGEE, its successors ~nd auigra, forever against the lawful claims snd demands of a0 persons; PROVIDED, AlWAYS that if the MORTGAGOR sMll pay unto ttx MORTGAGEE the p?omiuwy note hertit?befor~ described ~nd ihall trvly, panptlr and fulty perfwm, dixharge, exetuts, complete, temply with ~nd ~bide by e+ch ~nd tvery the stipulstions, syreemenb, conditions and tovtnaab of s~id promissory note and of this Mwtyage, then this Mortyaye and the Esrate hereby ue~ted shaN uas~ aod b~ null ~nd wid. IT IS UNDERSTOOD that the word "Mortpa9or' whether in the sinyular a plural snywher~ in this Mort9+y~, sh~l) bt ~inpul~r if on~ only ud shall be plwal jointly and Kverally if more than oni, and that the wad "fheir" as used anywhere in this Mortys~ sF?~II be t~ken to mean "his," •'hers•• or "its," wherever the conte:~ ~o implies w admin. Also, that wherever there is a refe.enos in rh~ covenann and ~yr~.menn herein oontainad to u~y of the p~rties hereto, the s~me shall be canstrued to me~n as wetl ~s the hein, 1e9a1 r~presentativei, sutusson s~d auipm (sitF~ vduntuy by act of th~ parries w inroluntary by operation of the law) of the same ~nd that the covenants herein contained shall bind and tIN b~r~efib and adv~nt~s inw~ ro the respective heirs, leyal representatives, succeason ane! au'qns of tM psrties haeto. And said Mortpapors, fw themselves and their hein. Ityal represenutives, succeuws snd ~ui~ns, heteby jointly ~nd t~vsrally covsn~nt and pr~e ro and with tM said MORTGAGEE, its ~uaessors ~nd assiyra: 1. 7o pay ~ll and tirgvlir the principal and imerest and th~ various ~nd sv~y sums of money pay~bl~ by virtw of said promiasay not~, ~nd tha mortysye, ~ach snd every, promptly on tFM days respectively the same severaliy becam dw. 2. To pay ~II and singular the tues. aueumenri. Iwies, lisbilities, obli~atar~s and encwnbances of ev~ry natur~ and kind now on ~aid desvlb~d proparty, a that hereaftsr may be imposed, suHered, placed, levied, or ass<ssed thereon, or tMt here~fte~ msy b~ tev'~ed a ntes~ed upon ti~is Mort~ ; ~9~, a tM ind~btedness ~ecured hereby, s+ch ~nd every, wMn dw ~nd paysble, accordinp to law, befw~ they becan~ dsli~qwnt, and b~fon ~ery? intanst attaches w sny pen~lty is inturred; ANO INSOfAR AS ANY THEREOf IS Of RKORD THE SAME SHAIL 6E DROMPTLY SATISFIED AND ~ISCHARGED OF RECORD AND THE ORIGINAI OFFICIAI OOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RKEIPT OR THE SAi15FACT10N PAPER OFFICIALIY ENDORSED OR CERTIFIED) SNALL BE PIACED IN THE HANUS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT /IfTER PAYMENT; ard in tfx event that arey thereof is no1 paid, sat'ified and diuharged sa:d MORTGAGEE may at any time paY the same w any pa~t thaeof without waivinp or ~ffecti~y any option, lien, equity o~ •~qht under or by virtue of this mortgage ~nd the full amount of each and every iuch p~yment sh~ll be immediately due ~nd psyable a~d shatt beat int~rest f~om the date thereof until paid at rate of nine per centum per annum and toqether w~rh iuch interest~h~(I red by the lien of th:s maptpe, l! li ~ eoaK ~~7 ~ : - ~ ~ r , ~ t ~ . < ~ ~