HomeMy WebLinkAbout2373 . ~G:.f~51bi
THIS INDENTURE, AAad~ the 24~ da of A.D. 19~ belwKn
Donald A. ~Me es, a single adult
of ~Jtr• T+UC3.9 ~ Coy~ry Florida, he?einaf~si,dtsiA~s~d ay the "MORTGAGOR;' and fIRST fEOERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, ~ corporation organi:ed snd exi~~ing undt? 1M Isws of Nw United 51+tos of America ~+~d haviny its principal plac~ of
butiness in tM City of Fwt Piace, St. lucie County, Florida, hereirutt~r def~ynated as tM "
2R~CZAGE:~
WNEREAS the MORTGAGOR w jvi~ly ind~bred ro tM MORTGAGFE in ths sum of = ~DO good and lawful money of the Un~ted
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidented by ~ tertai~ promiuory nole of even date herewith, of wh~ch the followirq in
words and figurei ii a trve copy. to-wit:
s 22~000•00 ~,~o .,~-18,~97
fon Pierc~. Flwida, 19_.~G_
For value received, I, we w either oi us, promise to pay, without defalcation, to tM order of FIRST FEDERAL SA.~VIN~GS AND LOAN ASSOCIATION OF
FORi PIERCE at Port Pie~rce, Flwida, the sum of S 22l~~~~ with interes~t from date at fF?e rate of r•-~ % per annum, i~ monthly ir?s~aAt-
ments as follows: S ~ 81!~ on the ~ st day of Nwember ~9-L_ and a like sum o~ the cwrespaxling day of aach montA there-
af~cr until the whole be fully paid.
Each installrt+ent iirst shall be applied in payment of the inreresf and tt~en on fhe unpaid balance of the prinupal sum. li d au~t is mad~ in the
Hayment of any inatatlment whe~+ due, and such default continues 30 days, fhen st the option of the holder, and without sny other notice, all the remaining
~nstallmenta shail be due a~d payable at once. Privileg~ is given to prepay this note in wiwie or in pa?i at any time without penalty. Nei r fwebear~~ce,
nor aaeptance by the holdcr thereof efter any default io any paymenis Mreon. shaN be deert~ed eatension. A la?e paymsnt ch+rg~ of i':.90
~~aFwll bt
added to each inslsllment remaining unpaid 7 days after its due date, and a like sum ahall be added to each such installment remaining tmpaid 7 dsys aftd
each succeeding payment date.
Each makrr, surety and endorser hereof, jointly and severally, wa~ves demarul, presentment protest and notice of p~otesr for nonpayment, snd further
agrees to any extension of t+me of paymenf, either before or after maturity, without not~ce to any of us; and to pay all msts of collection, irulud~ng a
reasonable attwney's fee ~n the eveni oF any default hereunder, and hereby sevcrally waives all benefit of homestead and ezemption under the constitut'an
and laws of each Srate of tF~e United States, as agatnst this obtigatioo o~ any extensior+ w renewal hereof,
Witness the hand and seal of each pa~ty.
s/ Donald H. DaHeules, a sing~e~It
(SE/?U
(SEAU
~ $33•~ i state Revenue
cs~~~~~';~.?j?o,.~.
NOW, THEREEORE, the MORTGAGOR for the purpou of secu.ing payment of ssid sum of s 2'2~~~~~ and the performance of ths
covenants ar~ agreements hereinafter exp~eued, and fw divers good and valuable considerations, by these piesents, does g?ant, bargain, sell, remiu,
release, convey and confirm unto ths MORTGAGEE, its succeswn and auigns, all that certain bt, piete p pute) of land, situate, lying, and being in the
Couny of $t. ~1CiA , and State of Florida, desaibed ~s follows:
The South 330 feet of the North 360 feet of the SE3~ of the SF}~
of Sectian 5, To~nship 36 South, Range 40 East
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P.@. ~90, ~z F -,j -
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~ogether with al~ and singvlsr the tenementt, heredit~ments ~nd sppurfances thereunto belonginp or in ~~ias ~ppertsinin~ thereto, and sll rents, iuues,
p~oceeds and profits acuuing and to +ccrue from said premius, all of which s~e included in the sbove aod foregoing desuiptan snd habrndum.
TO HAVE ANO TOhF~OLQ the sbove dewibed a~d gramed premises unto the ssid MORTGAGEE, i» svttessors uid auigns fwever. And tM s~id
MORTGAGO~R fc~ -lg heirs, e:ecut~s, administrato.s snd ass'gru, he~eby covensnn with the s~id MORTGAGEE, ib wccessors and ~uiyns,
that 13 Iawfully seized of the said pre+nises in fee simple; tMt tF+e s+me ~~e free, ckar ud discharyed fram aN liens and encwrr
brances in Isw or in equity, snd that ~ will and his hein shaN warrant and defend th~ titk to the same to tM said
MORTGAGEE, in successors and auigns, fwever against the Iswful claims and demands of all persau;
AROVlDED, A1WAY5 thst if the MORTGAGOR shall pay unto the MORTGAGEE the prOmisswy note herei~betore described ~nd sh~ll fnrly, promptly
and fully perfwm, dischsrge, execute, complete, comply with snd abide by each and every the ~tipulations, ayreements, conditions and covenanh of said
promissory note and of this Mortgage, rhen this Mortgage and the Estate hereby vested shall cesse and be null and void.
1T IS UNDERSTOOD thsf the wwd "Mwtgsgor" whether in the singular d plvral snywhere i~ this Mortgsse, shsll be sirgula if one only ~nd
shal! be plural jointly ~nd ieveratly if more thsn one, and tMt the word "thei~'• ss used a~ywhe~e in this Mortga~e shall bs tafcen to me~n "his:• •'hen;•
or "its," wherever the co~text w implies or admits. Also, thar wl~erever ihe~s is a referorxe ~M covenann a~,d sg.eemenn her~~n coma~r~ed ~o .oy oi
the parties Fxreto, the same shall be constr~ed to mean ss well ~s the heirs, le9~l re{xesentativp, successon and sssgns (either voluntary by act of th~
parties or involuntary by operat'an of the I~w) of the same snd that the covenann herein contained shall bind and the benefif~ and adrantayes inurt
ro the respective heirs, kgsl teprexnfatives, sutcessors and ass'gns of the perties hereto.
And said Matgsgors, fw themxlves and their heirs, leg~l represcntativp, successors and sssiyns, hereby joi~tly and severslly coven~nt snd agree
to ~nd with the said MORTGAGEE, its successors and auigru:
1. To psy all snd sirgulsr thc principal and intcrest and the vsrious and sundry sums ot rtaney payable by virtue of said promissory note, and tF?is
mortg~qe. each a~d every, promp~ly on the days respectively the same severally becom~ due.
2. To pay •H ~nd singular the taxes, suessmenb, leries, liabilities, obliyations arxl encumbrances of every natwe snd k'u+d now on said d~scribed
property, p that heresfter may be imposed, suffered, pl~ced, levied, w ~ssessed thereon, or tMt hereafter may be Icvied a usessed vpon this Mo~tq-
+ge, w li~e ir?debtednea secvred Fiereby, exh and every, when dve ind payable, accwdinq to law, before they become delinquent, and befon ~ny intaeit
arraches w any penaity n incurred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 6E PROMPTLY SATISFIED AND DISCHARGED OF
RECORD AND THE ORIGINAL OFFICIAL DOCUMENT (SUCH A5, FOR INSTAWtE, 1HE ~AX RECfIPi OR THE SATISFACTION PAPER OfFIC1AllY ENDORSED
OR CERTIFIED) SHAII BE PIACED IN THE MANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AF1ER pAYMENT; and in the eve~t that any thereof is not
paid, ssYsfied and discharged sa:d MORTGAGEE may at any time pay the same a a~y part the?eof witfwut waiving or a(fecting a~y option, lien, eqvity a
•~qht under or by virtue of this morrgage a~d ?he full amounr of each and eve?y such psyment shall be immediately d~e snd payable and shsll bear inte~est
<<om the date thereof until paid a~ rate of nine per centum per annum • t e w h fuch interest shall be ucured by the lien of th:s morytaye.
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