HomeMy WebLinkAbout0303 23304~ ~ 4~ ~
THIS MDENTURE, Mad~ the 7th day of J~ly , A.D. 1972 betw~en
G B Walters and Alliece WaLte~,. h,3s~,if~_ i
;
o; $L . j.11C1@ ~W~~y F~;d~, hereinafta designated +s the "MORTGAGOR" and FIRST FEDERAL SAVINGS AN~ IOAN
ASSOCIATION OF fORT PIERCE, a co?paation ayanised and exiitin9 unda the law~ of tM U~ited Stat~s of Ameriu ~nd Mvinp in princip~l pt~n of
businsss ~n ths Ciry of Fort PiKCe, St. lucie County, Fiwida, I~Q/ai~NHN flfiiQMffd u tM "MORTGAGEE."
WHEREAS the MORTGAGOR is jv~tly indebt~d to tFw MORTGAGEE ie? ths sum.of ~ S ~ ~O ~ good a~d lawful money ot the United
States sdvanced by the MORTGAGEE un~o ths MORTGAGOR, as evidenced by a cert~in promiuory nofe of eve~ date herewith, of whi~h ths followinq (n
wwdi u~d fgwes is a trus copy, to-wit:
~ 5,000.00 ~ 3-18.543
Fort Pierte. Florida. .Ill~ 7. ~y 72
Fw value ?eceived, 1, we or eitt~er of us, promise to pay, without defalcat+on, ~o the order of FIRST FEDERAI SAV~NGS ANb LOAN ASSOCIATION OF
FORT PIERCE at Fat Pierce, florids, the sum of S-~~~• ~ with interest irom date st ihe rate of7' 7596 pet annum, in monthly ir?ttall-
ments af follows: s
61 ~ the 1 St ~y of September ~q
72 and a lika sum or~ the cwrespond~np day of each month therr
after ~nril the whole be fuity paid.
Each insutlmenf first shall be applied irt paymeM of the interest and then on the unpaid balance of the princ~ps! sum. If d ault is made in ths
payment of a~y in:tatiment when due, a~d such default continues 30 days, then at the optnn of the holder, and without an~ other notice, sll tl+e remaininp
~n:tallments shall be due and payable at once. Priviiege is given to prepay this note in whole or in part at any tims without psnalty. Neifhe~ fpebeannce,
nor ~tceptaoce by the hotder ~hereof after any default in any payments hercon, shall be deemed extension. A late payment chsrge oi s 3• O5 , ~MII be
added to each installment remaining unpaid 7 days after its dve date, and a like sum shall be added to each such installment remaining unpaid 7 d~ys after
each sucteeding paYmtM date.
Each maker, surety and cndorun c~reof, joinfty and severally, wa;ves dema~d, prosenrment protest and notite of protesT fo~ nonpayment, and furthe~
agrees ro any e:tension of time of payment, either before o? after maturity, without notice to any of us; and to pay all costs of collection, includ~np a
reasonable attorney's fee i~ the event of any default hereunder, and hereby seve?ally waives afl benefi~ of homestead and exemptio~ under the cauliNtion ~
and laws of exh State of the United States, as agsinst this obl;gstion w any extension a renewsl Fxreof.
~tness t}x Mnd and seal of each party. '
s/ G. B. Walters ~u
(SE~?U
s/ Alliece Walters ~U
~ ,57. 50 ) Stats Reve~wx ~U
(~aa4~C~aL~11~ or~R1~10/t ~oty
NOW, THEREFORE, the MORiGAGOR for the purpose of ucuri~g payment of said sum of ~ S• • ~nd tM performsnce of ths
coven~nts and ~greement~ Aerr.nafrer expressed, and fw divers good and valwble caaiderations, by lhese presents, doea grant, barysin, sell, remise,
release, tonvey and confirm unto the MORTGAGEE, in sutcesson ~nd auigns, a11 that certain lot, piece pr putel of lu?d, sit~ate, lyug, ~nd beinp in tM
County of SL . Luc ie and Srate of Florida, dewibed as fdbws:
Lot 11, Block 3, and the North S feet of Lot 10, Block 3, LINCOLN
PARK iVO. 2, as per plat thereof on file in Plat Book 3, page 4, of
the Public Records of St , Lucie County, Florida
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f1pGER POQRA,S
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togetht? with all and singulu the fenert~enK, hereditamenis and app~rtances thereunto belonQinQ or in ~nywise apperfainin~ ihtrefo, and all r~nt~, istws,
proceeds ~nd profits eawuirq and to ~cvue from said premises, all of whid~ are includcd in the abov~ snd fae~an~ dacription and habsndvm.
TO HAVE ANO TO HOLD the above described and gr~nted premises unto tha said MORTGAGEE, its waeswrs ud ~ui~rn forevu. Md th~ s~W
MORTGAGOR fo? their heirs, executon, sdministratws snd suiyiu, hereby town~nb with fhe said MORTGAGEE, Hs a~c+tessors and ~ssipip
that I~wfull seized of the s~id
t he v ar e Y premisei in fee iunple; tFut the ssme ~r* iree, clsar ud discharped from ~11 li~ns and tncunr ~
bronces in I~w w in equity, ~~,d ,fwtthey will and the ir hein shal! wurant and defMd tl~e titls to th~ s~rM to th~ ~aid }
MORTGAGEE, its succruon and auiyns, forever agairot the Iawful claims ~nd dems~ds of sll perwro; i
PROVIDED, ALWAYS ti?at if the MORTGAGOR sMll p~y unto the MORTGAGEE the {xomissory note hereinbefot~ destribed and sh~ll ttvly, promptip
and fully perfwm, discMrge, e:ecute, compkro, comply with snd abide by e+ch ~nd ~very the stipubtiom, ~preements, conditiau and covsnann of said
promissory nore and of this Mortgsge, then this Mort9age and the Estate he~eby aeated shill cease snd be null and roid. t
IT IS UNDERSTOOp tMt the wad "Matgagor" whether in the singvlar o? pl~r+l snywhere in this Matysy~, shall b~ sinpular if on~ only ~nd
shall be plwal jointly and severally if more than one, and th~t tfie word "their" as used anyvrM~e in this Mwt9age sh~lt M tafun to m~an "his:• "Mn••
or ••its,•• whereve~ the conuxt w implies or admin. Also, thst wherever there is ~ reference in tFw covenanb and agnemenq herei+e oontainad to a~y of
~he prnies hersto, the same shall be construed ~o mean as well ss the hein, kyal representativp, wccesson and augns (eifher volunury by acf of th~
parY~es a involumiry by operation of the taw) of the same snd thst the covenants hersi~ contained sh~ll biod and the bensfib and ~dv~May~s 4wn
to the respedive F~e'us, legal representatives, succeswrs and au~ym of the puties hereto.
Ar?d said Mortgsgws, for themxlves u~d their Ixin, legal represee~tativ~s, wccessors snd suiyos, hereby joinHy and severally cov~nant and ~ne
to and with the said MORTGAGEE, ih successors and ~uigns:
1. To pay all and singular fhe principai and interest and the variovs ~nd sundry sums of money payable by virtue of ssid promissory ewts, and this
maty~ye, each and ev~ry, promptly on the dayi respedively the same severally beca~w due.
2. To psy dl ~nd singvlsr the tsxes, usessmenri, levies. lisbil~f'~es, obligst~au and encwnbrances of every natwe and kind ~o~w on said describ~d
property, a tMt hereafter may b~ imposed, soffered, placed, levied, a ~ssesfed thereon, or tMt heresiter nuy M leried or essesrsd upon tNt
+ge, a tM indebredness secured her~by, each and every, whsn due and payable, ~ccordirg to Isw, befwe they becomt d~linqwnt, ~nd befw~ any imµqK
attacFxs w ~ny penslty is incurred; ANU INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAIL BE PROMPTIY SATISFIED AND OISCHARGE~ Of
RECORD AND THE ORIGINAI OFFtGIAI DOCUMENT (SUCH AS, FOR INSTANCE, 7HE 1AX RKEIpT OR TNE SATISFACTION PAPER OffICIAIIY ENDORSED
OR CERTIFIED) SNAIL BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the eve~t that e~y thereof is nW ;
paid, sat:sfied snd dixharged sa'd NWRTGAGEE may st any time pay the s~me or any part Ihereof withovt wsiviny ot ~ffectinQ ~tnr option, lien, tquity p
•~qht under or by virtue of this mortgage and the full artw~,nt of esch a~d every wch payment shall be immediately dve and psyibk and shail beu i~terest
~rpn the date tF~ereof urttil paid at rate of nine per centum per ~nnum a~d togetFxr with such interes~~iFrll ~eC red by 1he lien of th:s mw~tapt.
,.,K ~r~~ 303
c~~K V ?AC~ '
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