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Home My WebLink About1961 . ~`f`t ~"',`~',1~ . , v,~ THIS IN~ENTURE. N1~d~ the 5th day of ~ A.D. 19 72 between Paul R..Welch and Judith K. Welch~ h s M ie St Lucie ` of • Cwny Flwida, hsreinatter deigna~ed as the "MORTGAGOR;' aryl.EIRST FEOERAL SAVINGS AND IOAN • ASSOCIATtON OF FORT PIERCE, a torpaat~on or9+nized and ex~~ting unda IM laws of the Unired Statai of Am~tica u+d Mvinp its, printipal pl+c~ of ' business in tM City of Fort PiKU, St. lucie County, flaida, herei~afle~ desiynated as the "MORTGAGEE:' - WHEREAS the MORTGAGOR is juatly indebted to Ihe M.ORTGAGEE i~ the sum of S 2O ~ 8~'~ 9~d +~d law(ul money of the U~~ted ~ Srates advanced by the MORiGAGEE unto the MORTGAGOR, ss evidenced by a certain promiuay ~ote of even date herewitb, of which the followinp in , words +nd figures is a true copy, fo-wit: s 20~8~~~ ~,~,3-18,532 fwf Piert~, Flaids, July 5~ ~q72 ~ Fw value received, 1, we w either of us, promiu to pay, withovt defalcation, to the order of FIRST FEDERAI SAVINGS AN~ LOAPF ASSOCIATION OF ~ FORT PIERCE at Fat Pierce, Flwida, the sum of S~t8~'~ w~th interest from date at the rate of7 ~ 5 per ~nrtum, in monthly install- ` ~nents ai foltows: S 1~~~ on the 1St day of N~e~er , 19 72 and a I~ke sum on the corres ~ da of each month therr p~+d ^9 Y ~ afrer until the w~ol~ be fully paid. ` Each installment fint shall be appl~ed in payment of the interest and ~hen on the unpa~d balance of the princ~psl sum. If d ault is made in the Fayment of any installment when due, and such default continues 30 days, then at the option of the holder, and without any othe~ notice, all the remaining ~nsrallments shail be due and payable at wxe. Privilege is given to prepay this ~ofe in whole or in part af any time without penalty. Neither forebear~nce, ~ nor acceptance by t!x holder ~Fureof aftcr any default in any payments hereon, shall be dcemed extension. A late paymem charge of S~~7O shall bs added to each instaltment remaineng unpaid 7 days afte~ its due date, and a like sum sha~l br added to each such inatallment remaining unpaid 7 dsyt ~fter \ each succeeding payment dare. ~ Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and further agrees to any extension of t~me of payment, e~ther befo~e a after maturity, without not~ce to any of us; and to pay all costs of collection, includ~ng a reasonable attwney's fee in the event of any default hcreunde~, and hereby :everally waives all benefit of homestead and exemption under the tonstitution a~~d laws of each State of the United States, as against this obtigation p any extension or renewal hereof. ~ Witness the hand and seal of each party. ' ' P R W ~nt) , ~ (SeAU S Judith K Welc ~ j 31. 20 { ) State Revenve { ( ? 2O f 8~ • , and the om~ance of ths ~ NiOW, THEREFORE, the MORTGAGOQ fo? the purpose of securirg payment of said sum of s perf covenants and agreements hereinsfter e:pressed, and fw divers good and valwble considerations, by theie presents, doei grant, baryain, ul1, remise, release, convey and tonfirm unto the MORTGAGEE, its successors ard auigns, atl that certain bt, piece or parcel of land, tituate, lying, and beinp in the ~ St - Luc ie ~ Covnty of ' aod Sute of F{orids, deuribed u follows: ' Lot 6, Block l, GRANDVIBW GARDENS SUBDIVISIAd, as per plat thereof on file in Plat Book 16, page 16, of the Public Records of St. Lucie County, Flor~ da, . ; I , ~ W STATE ~F ~1-URIDA ` i DOCU~7A°~ STAMP TAY. ~ ~ _ _ y~ 6 ~ ~ 1,~ ~ Z ~ q; / IM PA~fUIEtR~~~ ~ --i _.11~2~72 ~ R~ .C ft(U1N61B1.E PE~~~ 19I1. ! o = . 3120~ ~ N v ocPt.eF tcmet Jr.. ' p~RS1~i~Na~ ~~ER ?1-13+1. A~S Of ~j! P.B.»o~~s . _ ~~.4 ~R~~?~ oo.. pERK CINCU~T OOURT. Si. together with all and singul~r the tenements, hereditaments snd appurtances thereunto belonging or in anywise ~ppe?tainirg tFro?tfo, and ~It re~ts, issws, proceeds and profiri acuuing and to acaue from s~id premises, a11 of w1iKh ~rs included in the above and fwe9oinp dsseription and Mbendum. TO HAVE ANO TphHOiDrthe above described snd granted premises unto the said MORTGAGEE, its successon and augns forever. Md the said ~ MORTGA~j R for L - heirs, executors, adminisuators snd assigns, hereby covenants with the a+id MORTGAGEE, iri tuccsuo~s ~~d +~sipro. rhat -="-ey are - tawfully seized of the said psem~ses in fes simple; that th~ s+rrw are fre~, clesr and dixharqed from all (iens ud encwm brances in law or in equity, and that they W~~~ a~ their hein shall wsrrant and defend the titlt to the ume to the s+id MORTGAGEE, its successws snd assgns, fwever ag~intt fhe lawful d~ims and dem~nds of sll penora; ~ PROVIDE~, ALWAYS th~t if the lNORTGAGOR shall pay uMO the MORiGAGEE the promissory note hereinbefore dexribed snd shall trvly, promptly ~ and fully perform, d~xharge, execute, compkte, comply with snd abide by eacn and every the stipulations, syreements, conditia~s +nd covenanb of said promissory ~ote +nd of this Mwtgage, then this Mortgage and the Estat•, hereby- ueated ihalt cease snd be null and void. IT IS UNDERSTOOD thst the word "Mortgsgot" whether in the singular o~ plural ~nywhere in this Mortyape, shal) be sinpulu if on~ only and ~ shall be plural jointly and severalty if more thsn one, and that the word "their" ss tned anywhete in this Mort9age sMll be qken to mtsn "his:• ••hen;• ~ or "its," wherever the context w implies o~ sdmits. Also, that wherever there is i flfH!!K6 1I1 ~F1! COVlMf1f~ and spree~nents herein cont+ined to any of rhe parties hereto, the same ihall be construed to mean es well ss the heirs, legal r~~xesent~tives, successors snd auisns (either volunqry by act of th~ ~t partiq w involuntary by operation of the law) of the same and that the covenants herein co~tai~xd shall bind and the benefiri snd adv~ntsyes inur~ ro the respective heirs, legal representatives, successors and su'gns of the p~rtiq hereto. ~ And said Mortgagors, fw themselvet and their heirs, legal repreuntstives, s~ccessas ~nd suigns, hereby jointly and tevqally covenant ~nd a9?ee to and with the uid MORTGAGEE, its successo?s snd sssigns: ~ 1. To pay all snd singular the principal and interest and the vario~s and sundry iums of money payable by virtue of said promiuory note, and tAis ~ mo~tgsge, each and every, promptly on the days rapectively the same severally becane due. 2. To p+y +II and •inyulsr the taxes, assessments. levies, liabilities, obligations and encumbrances of every natvre and kind now on said described ~ property, or that F~ere+her msy be imposed, suffered, plated, levied, or assessed thereon, or~ thst hereafter may be levied a aaseased upon fhis Mat¢ age, a the indebtedneu stcured hereby, exfi and eve?y, when d~e and p+ysble, accordirg to law, before they become dslinqueni, and befw~ any int~rest a+raches or any penalty is incvrred; AND INSOFAR AS ANY 1HEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND ~ISCHARGED OF ! RECORD AND THE ORIGI1JAl OFFICIAL DOCUMENT (SUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OfFICIAUY EN~ORSED OR CERTIFIED) SHAIL BE PLACE~ IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event tMt any thereof is not ~ paid, saYSfied a~d dixhargcd sa:d MORTGAGEE may at any t~me pay the same or'any pa~t thereof without w+ivin~ w affectiny any option, lien, equity p •~~ht under w by virtve of this mortgage and the full amount of each and evcry such payment shall be immediately due and payable +nd shall besr interesf ~.om the date thereof unril paid at rate of nine per centum per annum and together w~th tuch '~~I~ se~~~en of th:s morytaye. _ t a. : ; ; - • - ~ ~ ~~x,-~ r .~~-~:.'4 . ..w ~ r.s„ ~ W~ .T~ . ~ . - .