HomeMy WebLinkAbout2791 ~ ~ ~3~15
THIS INDENTURE, 1K~d~ th~ 4th day of Au9uSt - A.D. 19 72 . b~tw~en
Willie Collins and Pauline Collins, his Mife
H-• ~ .
of St . LUC 1@ ~o~nfy flaida, M~einafter de~ig~~ted the "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATfON OF fORT PIERCE, a corpaaflon wpanized and exis~iny unde~ tM laws of ~M Un~tcd Su~~s of Ame~ica and havi~p ib princip~l plac~ of
business in tFr Ciy of Fort Pisrce, St, lucis to~rnty, florida, her~inaft~r d~sipnat~d u tM "MORTGAGEE:' ;
WHEREAS tM MORTGAGOR is j~stiy indebted to th~ MORTGAGEE in ths sum of s 7~ cN good a~d lawful monsy o1 the United =
S~ares advanced by the MORiGAGFE u~io the MORiGAGOR, as evider?c~d by a ccn~in promisswy note of even date he~ewith, of which ths folbwinp in
wordi and figures is a tr~e copy, to-wit:
z ~ ~„~.ap r,~,_ 3-18,638
Fort Pierc~. Plaida, Au9l3St a lq 72 ,
For value rcceived, 1, we w either of ~s, prom~se to pay, without deFatcarion, to the o~de~ of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ~
FORT PIERCE at fort Pierce, Florida, the sum of S 7~5~-~ with interest from date ~t the rate of~s°.!, pe~ annum, in monthly instal{- ~
menti as fOltOws: = 71 1 ~
on tl+e day of ~tObeY _ 19-~e. u+d ~(ike sum on the carespondinp day of each month therr
after until the whole be iully paid.
Each installme~t first shall be applied in payment of the interest and then on the unpaid balance of the p~incipal wm. If d ault Fs made in the ~
payment of any installment when due, and such default continues 30 dsy~„ then at the option of the holde~, and without ~ny olher Aotice, atl the remsini~y ~
;ns?allments shall be due and payabte at once. Privilege is given to prepay this rate in wlale w in part at any time without penalty. Meithet fwebeatance,
nor acteptance by the holder thereof afte~ any defauH in a~y payments hereon, shall be deemed extension. A late psym~nt chsrge of i 3• 5~ , shall be !
added to each instailrrknt remain7ng unpaid 7 days afftr its due date, ar~d a like sum shal! ba added to each iuch installment remaininp u~paid 7 d~ys affcr
eath s~tteeding payment date.
Each maker, surety and endorse~ hereof, jointly aod aeverally, waives demand, presentment protest and notice of protest fo~ rwnpayment, and further
ag~ees to any extensio~ of time of payment, either before a atter maturity, without ratice to any of us; and to pay sll costs of mllection, i~clud~nq a
reasonable attorney i fee in the event oi any defauh hereu~der, and hereby severally waives alt 5enefit of homestead and exemption under the constitutan
and laws of each State of the United Siatrs, as ag~inst this oblgation or any extensan or renewal hereof. -
Witness the hand aod ual of each party.
$~~Allllle CO111115 (SEAU
(S~?U
S/Pauline Collins ~u
$11.25 ~u
! ) State Revenue
NOW, IHFREfORE, the MORTGAGOR for the purpose of :ecvri~g paymcnt of s~id sum of ~ 7~ r and the performance of the
covenanq and agreements hereinaiter expreued, and for divera good a~?d valwble cor?sideratans, by these presents, does graM, bargai~, sell, remise,
release, convey ~nd confirm unto the MORTGAGEE, in succeswrs snd as~igns, all fhat cenain bt, piece or parcel of land, situate, lyi~g, and beinp in ths
County of St . Lue ie u~d State of Flo?ida, described as follows:
Lot 13, Block 4, SOL~RN PINES SCBDIVISION~ as per plat
thereof on file in Plat Book 9, page 68, Public Records of
St. Lucie County, Florida.~/
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i together with sll and sirgular the tenemcnn, hereditaments and ~ppvrt+nces thereunto 6elonpirg or in ~nywise ~ppertainfnp tfktefo, and dl renn, iauts.
proceeds and profin scauing snd to acrrue f~om :aid premise~, all of wbicl~ are inctud~d in tM abow and fore~oirg dewiption and habendum.
~ TO HAVf /lND TO H rFe +bove described snd nnted emises unto fht ssid MORTGAGEE, in successas and
O~ y P~ +uigns forever. Md tl» said
MORTGAGOR for thelr-__ he~rs, executon, administrators ~nd auigra, hercby coven~nn with the said MORTGAGEE, its waeswn a~d auipro,
rhat they 8Ie Iawfully seized of the sa~d em~ses in fee ianple; tFut th~ s~me W~ frM, ckar and dacM ed from all liem ~nd ~
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brances in Iaw or in equity, and th~t thev will and the~.r heirs sh~ll warrant ~nd defend tM titk ro tM tam~ to iha s~W
MORTGAGEE, its succeuors and auigns, forever agaiiut the tawful claims snd-demands of a!1 penons;
PROVIOED, ALWAYS that if the MORTGAGOR shall pay vnto tl+e MORTGAGfE tM pomiuory not+ hereinbtfq~ described and tFull fruly, promptly
and fully perform, d~xhsrge, execute, compkte, comply with snd sbide by esth and every tht stipulatio~s, apreemenri, condiYaM ~nd cOVenanh of said ~
promiasory noro and of this Mongsge, then this Mortyage and the Estate hereby vested aMll cease snd be null and rad.
IT IS UNDERSTOOp tMt the word "Morty~gor" whetl+e? i~ tl~e s7ngul~r or plwd ~nywhert in this MortgaQe, sl~ap be sir+pulu if- DM only ~nd
shall be plvril jointly ~nd severally if mwe than one, snd that the word "the'u" as used snywher~ in thia Mwtgaye shsll be taken to me~ "ha:• •
or "its," wherever the context so implies w ~dmits. Also, thst wherever there is ~ refe~enct in the toven+nri and syreemenq hersin comained to •~y
of
~he parties hcreto. tl+e same shaq be construed w mesn as weU as the heirs, kysl representatives, successon and auigro (eitfie~ wlunt~r~r by act o~ tM
parties or invdunta~y by operatan of the Iaw) of the same and that the covenants herein conbined shall bind ~nd tM benefib a~d adv~its~p ,inw~
ro the respectiw F~eirs, Ipsl representatives, successon a~d au°ges of the p~rties hereto.
And ssid Mortgsgors, for themselves and their hairs, legal rep~esentsfiras, succeuors snd ~uipns, hereby joiotly and wvaally cov~nsM ~nd ~yree
to and with the s~id MORTGAGEE, ita soccesson and ~uigns:
1. To pay ~II and singvlsr the p~incip~l and interest and the variovs a~d sundry sums of mw~ty p+yable by virtw of ssid promissory not~, a~d thi~
mw+yage, e+ch ~nd erery, promp~ly on the d~ys respectively the same severaNy become due.
2. To p~y •fl ~nd singvisr the ts:e~, assessments, kvies. liabilitie~, obliQstian and ~ncumbances of every nature and kind now on said dewibed
property, a tha~ hereafter m~y bt impw~ed, wffercA, plaud. Isvied. or +ssessed the~wn, or that he~~sfta may b~ levied w suessed upon this Mort~-
+pe, o~ tM indeb+ed~ess sec~~ed hereby, sach and eve+y. when dw ~nd payabk, aa«dirg ro bw. befor~ they becorrw deJinqvent, and befas u~y intere~~
artaches or any penalty is irxuned; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAIt EE PROMPTLY SATISFIED AND OISCHARGED OF
2ECORD AND THE ORIGINAI OfFIC1Al DOCUMENI ISUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFftCiALtY ENDORSEp
OR CERTIFIE~) SHALL 8E PLACEO IN THE HANDS OF SAID MORTGAGEf WIlHIN TEN DAYS NEXT AFTER PAYMENT; ~nd i~ the event that a~y ihereof is not
paid, tat'sfied ~nd diuharged sa:d MORTGAGEE may at any t~me pay the same or any p~rt tFre~eof without waiviny w sffeai~y any option, lien, equity w
•~qht under w by virtue of this mortgage and the full amount of esch and erery svch payment sh~N be immediately dve and payable and shall bear interq~
~~om the date the?eof v~til paid at r~te of nine per centum per annum ~~~1h~
'~~~~~hall be secured by the liee? of tF~:s mwytaye.
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