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HomeMy WebLinkAbout0541 233200 iHIS INDENTURE, Mad~ ths llth day of ` ~~uly ~ A.D. 19_?~~ betrr~en _ ~ Cle~~elanci t3ullock anci L~nnie T. !l~~lltick; wi~4 of $t . T~UC ZP County Florid~, hereir?~fta detignared as t~e "MORTGAGOR;' and fIRST FEDERAL SAVINGS AND LOAN ASSOCIATtON OF FORT PIERCE, ~ cwpaaYwn w~anized ~nd exiitinp unda tM lews of the U~~qd Sutq of AmKica 1?~d~AaW~+p iri printipa) plac~ of buiineu tn tM Ciry of Fort Pierc~, S?. lucie Cou~ty, florida, hereinafter daiynated as tM "MaR1GAGEE.° WHERfAS ths MORTGAGOR ia j~stly indebted to ths MORTGAGEE i~ the sum oi i 17 ~ 2~~ , goed ~nd lawful money of the Un~ted S~ates advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promiuory noea of even dat~ Ix/ewitA, of which the (oUowirp in words ~nd figure~ is • t~ue copy, fo~wit: s 17.200.00 ~ 3-18, S57 fon Piera. Fiwida, .111 Iy 11 ~y 72 Fw valus received, 1, we or either of us, romiu to ~ p pay, without defalcation, to the order of FIRST FEDERAI SAVINGS ANp LOAN ASSOCIATION Of FORT PIERCE at Fort Pierce, Fbrida, the sum of s 17 ~ 2~~ with interest trom date at the rate of7 • 7 5 96 per annum, in monthly instaib ments u?ollows: s 1 12 . 00 1 S t ~y of SC~~ t C'IR~.ie2'~9 72 and a like sum o~ the carespondinp day of each month therr after until fhe whole be iui!Y paid• Each installmen! first shall be applied in payment of the interesl and then on the unpaid balance of the prindp+l sum. tf d wit h madt in tM payment of any instatlmen? when due, and such default continues 30 days, then st the option of Ihe holda, snd without any otfitr notice, all tlte remaining • ;~stallments shall be due and payabte a~ once. Privi~age is given to prepay thia oote in whole w in part al any time without penalty. Neither faebearance, nor acceptante by the lalder thereof after any defavlt in any paymeMS hereon, shall be deemed extension. A late payrn~nt ch~rg~ of = 7• l~ , thall bs added to each installment remaining unpa~d 7 days after ib due date, and s like sum shall be added to each such installment iem~ini~ unpaid 7 d+ys ~ker each succeeding payrr.ent date. Each msker, surety arxl endorser hereof, jointly and severally, wa~ves ckmand, prcxntment protest and no~ice of p?otest fw nonpsyment, and furthar agrees to any exte~sio~ of time of paymenL either before or after maturity, without notice ~o any of us; a~d to pay~all costs of collectioe, including • reasonabk attorney i fee in the event of a~y dEfault hereunder, and hereby severally waives atl benefit of homestead snd exemption under the conttitulion and law~ of each Srote of the United Stales, as against this obligation p any extension a renewal hereaf, Witness the hand and seal of each party. S/ Cleve2anci Bullock ~U tsEa~ S/ Lonnie T. Bullock ~ ~ 2 S, 80 i stats Reremro -(SrM~ cawoatler ow or+gir»I-~w~e} NOW, THEREfORE, the MORTGAGOR fw the purpose of secu?ing payment of said sw~? of S 17 , 2~~. ~0 k+d ths performsncs of tM ccvenanls and sqrsemenrs Aereinafter exprsssed, snd fw d;vers good ~nd wlwble considerations, by these presents, doas grant, bar~ai~, sell, remise, release, convey and confirm unto the MORTGAGEE, iri suctessors ~nd ~ssigns, all that certain bt, picce pr pual of Isrd, tituate, lyirg, and 6einp in fhs County of S t. LuC 1 P and State of florida, desvibed a~ follows: (.~ts 21 anr~ 22, Block D, 1{AR~fO~(Y F{EIGi~TS ADDITI~1 ;~'O. 3, as pei- p2at thc~rc~af on filP in Plat Book 9, oage a6, of the Public Records of St. i.ucie County, Floric~a, ? ~ ~ of 1-LU1=2lUA. c.~ ~ DOCUiJEPlTAo~ ;STA~iP TAX ~ _ _ _ ~ o =.xx.irn r,~ p Z 5 8 ~y ~ ' ~cEi~~n 5~~~~- I~ PAYMfHi Of TI1k~X V~ V CE"vi.4F fE1:aG[ p~: GM Cl.ASS 'C' :fiIf,~lslBlf ?E'S~~al PROPfR1r~ P.B.~9o~~z ~.`wA. PURSiWiT TO Ci~J1P'•~Z 72-134. ACiS OF 19I1. Rfi.riE,4 POITnAS .~lO CL.EFO( EIRCQIT COU~TT. St_ LUCIE CO., FIA together w~th all and si~gu)ar the tenemenn, hercditsments and appurfanc~s therevnro belongirg w in anywise appert~inir?p Nxrsto. ~nd all rents, iuu~s, procecds and prof~ts acuuing snd to accrue f~om said premixi, all of wfi~ sre included in the above and foregoirg d~wiptia? and habendum. , TO HAVE AND TO HOLD the sbove dtsuibed and granted premises unto the ssid MORTGAGEE, Ns succeswn ~nd aui~ns forewr. Md tM said thei r MORTGAGOR fw - hein, executas, admi~istratws and assgro, hereby covenann with the s~id MORTGACsEE, ita autce»ors ~nd astlpro, that thPy d~e--- lawfull seized of the saed Y prem~ses i~ fee simpte; that the same are f~ee, ckar and discharped from all Ils++s ~nd ~ brances in Isw w in equity, u?d that they wil! and the i r hein sfNll warrant ~nd defend ths titl~ to the s~rn~ to tht saW MORTGAGEE, its successors snd au~gns, foreve~ sgainst the lawful cls'uns snd demands of all penons; PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the MORTGAGEE the promissory note hercinbefwe described ~nd sh~ll t~+1y, promptty and fully perfwm, d~schsrge, execute, complete, comply with ~nd abide by each a~d every thc tlipulstions, agreements, conditions and epven~nts of seid prom~uory not4 and of this Mortgsge, then this Mwtgsge snd the Estste F~ereby aeated sh+ll u~te ~nd be nvll end void. IT IS UNDERSTOOD that the word "Mortgagoi' whether in the singula~ or plwa) anywhers in this Mwtgpe, slull bt sinpul~r if oeK only ~nd shall be plural jointly ~nd swerally if more than one, snd that the word "their" ~s used ~nywhere in ~his Mw~yay~ ahall be t+ken to mean "his,'• •'I~ers•• or "ib;' whe?ever the conte:t so impties or admits. Also, tl+it wherever there is a referente in the tovenants s~d ~preernents herein oont~in~d to any of the parties hereto, th~ same shall bs construed to mea~ as well as the hein, kyal ~epresenqtives, wcceuws and assiyns (eithe~ voluntary by ~d of th~ parties o~ invotuntary by operatan of ttx law) of the sama and ?hat tF~e covenants herein contained shsll bind ~nd the benefiq ~nd ~dvanta~es inw~ ro the respectivs hei~s, kyal representatives, wccessors a~d au~gns of the parties hereto. And said Mortgsgors, fw thcroselves and their hein, k9+1 representatives, successors ~nd suiyru, hereby jointly and seva+lly covenant aod apr~e ro and with the a~id N10RTGAGEE, its tvccessws and ~uigns: 1. To p~y ~fl and sirgular ths priocipal and imerett and the variars and sundry wms of money pay~bl~ by virtue of said promiuory noM, ~nd this mwtg~e, e~c}~ and every, promptly on the days respectrvely the ssme kwr~lly become due. 2. To psy all ~nd iugvlar the taxes, asseuments. levia, liabilities, obliyatioro and enc~mbr~nces of every natwe snd kind now on said dtaaibed prop~rty, or that hereahe~ may be imposed, suffered. Placed, kvied, a auessed thereon, p tl~t Fiereafter may be levied a ~ssessed upon tFJs JNprtp. ape, w tFw ind~btedness iecured hereby, each and every, when due and p~yabl~, sccadin~ ro bw, beiae thhr become delinqvent, and b~fon ~m inter~st atiaches a sny penalry it inturred; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAME SHAII dE PROMPitY SATISf1ED AMD DISCHARGED OF RfCORD AND THE ORIGINAI OFFlCIAL QOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OfFIC1AllY ENDORSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that ~ny tMreof is not pa~d, sat'sfied and discharged sa;d MORTGAGEE may at any t~me wY ti~e same or s~~ pan the.aof wi?i+out wsiving w ~ffecrinp sny option, lien, equity a •~pht under a by virtue of this mortgage and the full smount oi each snd every tuch payment shall be immediately due snd payabk and thall b~u interes~ s.om the date thereof untii paid at rate of nine per centum per an~um ~nd toqethe? w~th sufh interesr fhall bt of th:s ~Qt~. ~6QOK~~P~GE 4 ~ . ~ _ _ _ _ ~ _ _ ,