HomeMy WebLinkAbout2795 ' z ~r v ~;v.~ ~
iHIS INDENTURE, Mad~ the th day of A~st . A.D. 1972,. betw~en .
John (3. Johnstone a~d Judith J. ,johnstone s his wife
of Sti •~C~A County florida, Mre~naf~e~ d~tignated as tM "MORTGAGOR," and FlRST FEDFRAt~"~VIt~1GS /~ND LOAN
ASSOCtATiON OF fORT P~ER~E, a corpaaf~on orpanued ~nd existin9 under ~F?~ laws of ~he Un~tad Sta~as of Americ~ a~d Mv1ni in princips) plac~ of
buuneu in tF» City of Fwt Pi~rce, St. lucie Couoty, florida, herein~fter detipn~led as th~ "MORTGAGEE." ~ ~
WHEREAS tM MORTGAGOR is ju~11y indabted to the MORTGAGEE i~ the ium of = ~ 0~8~~~ , good and lawful monsy of the Unittd
S+ates advinced by the MORTGAGEf unto the MORTGAGOR, as evidenced by a ceriain promissory ~o1e of even date herewith, ~f which ths folbwinp in
words ~nd figuret is a trus copy, to-wit:
=10.800.00 ~ 3-18.C~1,t0
Fwt Pierce, Florida, AURll9ti ~,t ~q~_
for val~e received, 1, we w either of us, prom~se to pay, wifhout defatcatian, to the order of FIRSi FEDERAt SAYINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fwf Picrce, ftorids, the sum oi i ~~ia~•~ with inte~,e~t irom date at the rate of7•75 96 per annwn, in moMhly install-
ments as foltows: _~9 o~ the ~ st+ day of ~t0~8T , 191~ u+d + like sum on the cares{~axlinp day of each month therr
after until the whole be fully paid. i
Each installmcnt iirst shall be applied in psyment of the interest and tiicn on t!?e unpaid balance of the p~ir+c~psl sum. ~f d auft is made in ths
payme~t of any installment when due, and such deFaul~ continucs 30 days, fhen at the opti~ of the holder, ar~d without any otha notice, all 1he remainin~
~nitallmenrs shal{ be due and payable at once. Privilege is give~ to prepay this note in whole w in psrt at a~y time witFaut peoalty. Neithe~ forebear~nce, i
nor acceptance by the holder thereof aiter any default in any payments hereon, shsll be deemed extension. A late payment chsrge of :
~--~45 shaN be
added to each instal~ment remaining u~paid 7 dayt aftcr iri dve date, and a like ium shall be added to each such installmenf remaining u~psid 7 days after
eath wcceeding payment date. •
Each make~, surety and endorser hereof, jointly aod severally, waives demand, presentment protest and notice of protest for rwnpayment, and fwther i
agrees to any exte~sion of time of payment, either before w after maturity, without notice to any of us; and to pay all cosh of collection, incivdinp e
reaso~abk at?aney's fee in t}~e event of any default hereunder, and hereby severatly waives aN beneiit of homestead and exemption under the constitutan
and laws of each State of the United States, as against this obligation w any extension a renewal hereof,
Wit~ess the hand and seat of exh party.
s/ John G. Johnstone ~AU
cs~?u
s/ Judith J. Johnstone ~U
( ~6•20 l $tate Reve~nue ~u
lS~s~P~neeNe~J"en"«iswai `wN~)
NOW, THERFFORE, the MORTGAGOR for the purpose of s~wring payment of said sum of i ~ 0~8~•~ .•nd ti~e pe?formance of the
cove~ants and ayreemenn hereinaiter expressed, and for divers yood and vsluable consideratans, by these presenri, dxs grant, bar~ain, selt, remise,
retease, convey and confirm unto the MORTGAGEE, ib s~ccessors and suigni, all lFwt certain bf, piece or pucel of land, aituate, lying, and being in the
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Counry of ci. ~1]CfA aed State of Florida, dewibed ~s fdlows:
Lots 7 and 8, Block 47~ INDIAN RIVER ESTATES SUBDIVISION,
UNIT N0. 7, according to the plat thereof on file in Plat
Book 10, Page 75, of the Public Records of St. Lticie County,
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~ togelher with all and singular the tenements, hereditamenn snd ~ppurtances tfiereuMO btlaging w in a~ywise appeASinirg fhereto. ~nd ~N ~enrs, issues.
` proceeds and profib sccruing ard to acuve from ssid pramiset, atl of which are induded in ihs above ~nd fae~wny dexription and habendvm.
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TO FtAVE AND i0 HOlD the above descr+bed snd ~rinted premises unto 1he said MORT('sAGEE, its waesson snd usi~ns fwever. Md tM s~id
' MORTGAGOR for heirs, executon, ~dminwtrators and asigro, hereby coven~nri with ihe s+id MORTGAGEE, Hs ~uccessors snd n~'gns,
fhat theY are lawfully uized of the ssid premises in fea simple; th~t tht sam~ ue free, cle~r and dixha~ed f?om all lieres and a~cwm
brsncts in I~w a in eq~ity, and thst_}~h~ will ~nd thA~T hein shall warra~t and defend ths titlt to th~ same to tht taid
MORT6AGEE, its sucteuwa ~nd auiyns, forever sg~inst the lawfut ciaims ~nd dema~ds of atl persont;
PROVIDED, AIWAYS thst if the MORTGAGOR shsil pay unro the MORTGAGEE rhe p.om;sw~y note F~ereinbefor~ desvibed ~nd sh~ll truly, promptly ?
and fully perfwm, discharge, execute, complete, comply wi~h and ~bide by esch ud every the stipul~tions, ayreements, conditions and covenanb of said '
promissory not~ sr+d of this Mortg~ge, then this Mortgspe and the Eitate hereby aested shall ceas~ and M rwll and void.
IT IS UNDERSTOOD that the word "Mortgy~o?" wi+ether in tM sirguf~r or plwel anywhers in tha Matyapt sMll be sinyvlu if on~ only ~nd
shall be plurt! jointly and severally if mwe tMn one, s~d that the word "their'• as used ~nywhen in tha Mwtpa9e sMll be t~ke+i to mean "his," "hew;'
or 'Sts;' wherever the conte~et so impl~es or sdmits. Also, tMt wherever there is a reference in tM covenann and ayreements herein oontained to any oi
+he p~rties hercto, the same ~haH be consrrved to mean u well is the he'us, kyal represent~tives, succe~so?s +nd aaipro (either voluntary by sct of the
parties or involuMary by operation of the law) of the ssme and that the covenants herei~ contained shsll bind and the benefin ~nd adwMa~p Lwn
to the respectiw he'us, leyal represcntstives, succeswn and ass°y~s oI the puties hereto.
Md sald Mo?tgagors, for themselves +nd their heirs. leya! representatives. successors and assiyns, hereby jointly ~nd severally covenant ~nd apree
to ~nd with tFie ~aid MORTGACsEE, its successon a~d ~ssigm:
1. To pay all and singv~ar the pri~cipal and imerest and the variars ~nd su~dry sums of ma~ey payaMe by virtue of said promissory note, ~nd thii
mort9iye. eath and every, promptly on the days respectively the sama severally becom~ dve.
2. To psy all and sinpuiu tf~e tsxes, assessments, kvie:. Iiabilities, obl+gaf;w+s and encumbancss of evKy n~tur~ and ki~d naw on ssid describ~d
property, or tF?at he~e~ft~r may b~ imposed, suftaed, placed, tevied, a ~sessed tt~ereon, w that here~fter may b~ kvied a auessed upon this Mwt¢
; aye, a th~ irdebtedness iecured hereby, each and every, when due a~d payabk. +aordinp to I~w, befwe they becan~ delinqutnt. ~nd befw~ any intsreft
attaches cx any penalty F~ inturred; AND INSOFAR AS ANY iHEREOf IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGED OF
, RECORD AND THE ORIGINAI OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANGE, THE TAX RKEIPT OR THE SATISFACTION PAPER OfF(CtAIIY ENDORSED
OR CER~IFIED) SHAII BE PLACEO iN THE HANDS OF SAiD MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evee~t th~t ~~y thereof is not
, paid, s~Yified and dixharged sa:d MORTGAGEE may st any time pay the tame w~ny p~rt therwf without waiving a affect~ny sny option, tien, equity or
~~pht unde+ w by virtue of this mortgage and the full smount of e+ch and every suci+ payment thall be immediarely due ard payabk and sMll baar interest
~~om the date the~eof vntil paid at rare of n~ne per centum per annum and ~tly~ry~~such in''~~~Ilbe secured by the tien of th:s moryta9e.
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