HomeMy WebLinkAbout2507 • . 234616
THIS IMDENTURE. Mad~ ti~e 3~ day of A A.D. 19 72- batw~en
_ Lonza Otis •Cole and Arle~ Justic Cole , his Wife
af ~Jt'i• 1,i1C~8 Co~nty Fbrida, hereinafter de~ignated ss the "MORTGAGOR,'• and FIRST FEDERAI SAVINGS AND InAN
ASSOCIATION OF FORT PIERCE, ~ corpor~tion orpanized ~nd exi:tin~ u~da ~he lawi of !hs United Statas of America and havinp its {xincipal plsce of
busineu in tM City of Fort PiKCe, St. lucie County, florid+, harti~»it~r desipn+tad u th~ "AhORiGACaEE."
WNEREAS tM MORIGAGOR is j~ntly iodebted to tha MORTGAGEE in the sum of = 23 •9~•~ ~ good and lawful money of tF?e Un~ted
Srates advanced by the MORIGAGEE unto the MORTGAGOR, as avide~xed by a cartain promiuory r+ote of eve~ date herewitF?, of which the followi~q in t
wo~ds and f' uras is ~ trw copy, to-wit: '
; 23.90~.00 N,_3-18,634
Fort Piac~. Florida, Atig123ti 3 19._[=_
for valve received, 1, we a cithe? of us, promix to pay, withovt defalcation, to ~he o~de? of FIRS( fEOERAI SAVIIYGS AND 10AM ASSOGIATION OF ~
FORT PIERCE at fort Pierce, fbrid~, the wm of ~ 23i9~~~ with intErest lrom date at the rate of pe? annum, in monthly i~stalb ~
~»an~s as fol!ows: i ~ 8t a~ a? the _.~ti day of ~tQ~=' , 19~~ and a like sum on the corresFwnd~~g day of e~ch pwnth therr ~
afre~ until the who:e be fully paid. ~ {
Each installnxnt first shall be appl~ed in payment of the interest and the~ on the u~paid balance of the prinupal sum. tf d avlt is msde in tM ~
paymeM of any installment when due, and such default continues 30 days, then at the option of the holder, and without any othef rwtue, all 1M remainir?y
~nsrallmeots shall be due and payable at once. Privitege is given ro prepay fhis oote in whole w en parf at any time without penaity. ~~Jeither for~txarante,
nor accepl+nce by the holder tFxreof aiter any defauh in any payments hereon, ihall be deemed extension. A late payment tharg~ of shall bs
added to each i~stallment remaining unpa~d 7 days after its due date, and s tike sum shall be added to each such installment remaining unpaid 7 dsys after
each succeeding payment date. . '
Fach maker, surNy and endorser hereof, jointly and severally, waives demand, preuntment protest and :wtice of protest for nonp~ymem, snd fvnher -
agrees to any extension of time of payment, either before w aiter maturity, without notice to any of us; and to pay all costs of collection, includ~ng s
reasonable attwney's fce in the event of aay default hereunder, and he~eby severally waivca all benefit of homestead and exemptioo u~der the constitution
and laws of each State of the Unitctl States, as againsf this obligation w any extension w renewal hereof.
Witness the F?and and scsl of each party.
s! Lonsa Otis Cols ~u ~
~i~
s/ Arlene Justice Cole
~~1
t $3~i.85 t state Revenw
~5+ar~.
NOW, THEREFORE, ~he 1NORTGAGOR fw the purpose of secvring payment of said svm of s ~3:9~•~ and the perfwmanca of fhe
covenants and ~greemenrs Ixreinafter expressed, and for divers good and valuable consid~vations, by these presents, does grsnt, bargain, sell, remise,
release, convey and confirm unto the MORiGAGEE, its s~ttessors ~nd aug~s, all that tertain bt, piece ot pucal of land, situate, lying, and being in 1he
Co~nty of - St. ~,l1Cie , and State of florida, described ~s follows:
Lot 16, Blxk N, MARAVILLA ESTATES, as per plat thereof
on file in Plat Book 8, Page of the Public Records ~
i
of St. I~u~cie County, Florida
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y Jpo~ ST~?MP TAX ,
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P.B.~ro~~: _
I! :ogerhe? with all and singutsr the teneme~ts, hereditamenri +nd appurtantes thereunto bclaginQ or in anywise appe~tainirg therelo, and all renri, issues.
proceeds snd profin acwing and to sccrue from said premises, all of whicfi are inctvded in the above ~nd foregoinp deuription and ha6endum.
TO HAVE AND TO HOLD the above described and grsnted premises unto the said MORTGAGfE, its suaessas and ~uiyns fwevp. Md tlk aid
MORTGAGOR for ~~ir heirs, executws, admini:~raton and auigro, t~e~eby covensnb with the said MORTGAG'E, its successors ~nd ~uipra,
~hat - t'h@Y ~@ lawfully se7zed of the ssid prem~ses in fee simpir, that the ~rn~ ue fre~, ckar ~nd d'aci?~rped from all liero ~nd encurtr
brances in Iaw or in equity, sed that th@,~ will and the ir heirs slall wxr~nt ~rd defend tM title to tht sams to the ssid
MORTGAGEE, it~ succeswrs +ed sssigns, forever sgairot the Iswful claims and demands of all persons;
PROVIDED, AlWAYS thst if the MORTGAGOR shall p~y umo the MORTGAGEE ti~e promissory ~ote hereinbeiore described and sh~ll truly, promptty
and futiy pertorm, discMrgs, execute, complete, comply witb ~nd abide by esch and erery the ~tipulatio~u, sg~eenxr?n, conditions and covenanb of said
prom'sssory note ~nd of this Mortgage, then this Mortgage aod the Esbte hereby vested sl+~Il cease and b~ null and void.
IT IS UNDERSTOOD tl»t the wwd "Mortgagor" whether in the singular or plwal anywhere in this Mlortyage, thall be sinpuiar if one anly ~r+d
shall be ptursl jointty ~nd severatly if more thsn one, and that the wad "their" as wed anywhere io this Nbrt9sye shall be t~ken to mesn "his;' "hers;'
or "its," wherever the context so implies or admits. Abo, that whereva there is a reference in the covena~b snd agreements herein contained to any of
fhe p~Nies hereto, the same ihall be co~atrued to mean ss well as the hein, lepal represenqtives, sucusson and as~igns (eit?xr volun»ry by act of 1he
partid or invduntary by opnation of the law) of the s~me and tMt Ihe covenann herein contained ihall bi~d snd the benefib snd adwntayq inur~
fo the respective heirs, legal represent~tiva, successors and au°gns of the puties I~ereto.
Md ~sid Mortgagon, fw themxlves and their heirs, legal repreum~tives, successon and ~uiyns, hercby jointly and saverally covenant and ~gree
ro snd with the said MORTGAGEf, in auuessors and auigra:
1. To pay dl ind singular the principal and interest a~d tM various and sundry wms of rtaney p~yable by virtw of ~sid promissory note, ~nd thi~
i mwtgspe, esch ~nd every, promptly on the days rapectively the s~me severally lxcarw due.
2. To pay ~II and singutsr the taxes, assessmenn. kvies. Iiabilit~es, obligatwns and encumbrsnces of every nawre ~nd kind now on aaid de~cribed
Property, or that hereahei may be impwed, suffaed, placed, levied, a ~uessed thereo~, a that here~fter may be kvied w assessed vpo~ this Mort9-
age, or the indebtedness secvred he~eby, ead~ snd svery, when due and paysble. accwdinp to law. before they become delinquent. ~nd befwe ~ny i~teres~
a+raches or any pena{ty is incwred; ANO INSOFAR AS AiVY TNERfOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGED OF
RECORD AND THE ORIGIKAL OfFItIAI QOCUMENT (St1CH A5, fOR INSTANCE, TME iAX RECEIPT OR THE SATISFACTION PA~R OfFICIAIIY ENDORSED
~ OR CERiIFIEO) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYAAENT; and in the event that any theieof Fs rat
paid, sar'sfied snd d~schargtd sa:d MORTGAGEF inay at any time pay the same p any part thereof witiw~t waiving a ~ffectiny any option, IiM, equity a
, •~aht unde~ or by virtue of this mortgage and the ful~ smount of esch and every such payment shall be immediately due snd pay~bk and shalt bear interest
~rum the date thereof ~ntil pa~d at rate of n~ne per centum per an~u+n and tc~q~F~r ~b intere~secured by the l;en of th's mwgtsye.
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