HomeMy WebLinkAbout0165 THIS INDENTURf. Made the 7th day of AU~uQt A.D. 19 L` betwecn
L~ W~ Scott and Marv Scott his kife a].so knrnm ae Ma F Scott, i
or _ St. Lucie ~
, Counfy Florida, hereinafter designated ai the "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ~
ASSOCIA710N OF FORi PIFRCE, a coiporat~on oryanized and existing under ths Isws of ths United Statos of America ~nd havirg its principal place of
busi~eu i~ tM City of Fo~t Pierce, St. lucie County, Fiwids, hereinafte? designated as the "MORTGAGEE:'
WHEREAS 1he MORTGAGOR is justly indebted to the MORTGAGEE i~ tl+e sum of s~~~ 0~~ ~ , good artd lawiu! money of the Un~~ed
Srates advanced by the MORTGAGFF u~.?o the MORiGAGOR, as evide~ced by a certain prom~uwy note of even date herewith, of wh~ch thc iollowing in
words and figurei is a true copy, to-wit:
s 17~.000~ , 00 ~ 3-18~61~9
~ fo?1 Picrce. ftorida, A~~t 19_L~ '
Fw value received, 1, we w rither of us, promise to pay, without defalcarion, to the o~der of FlRST FEDERAL S.A~VI.N~~GS ANp IOAN ASSOCIATION OF
fORT PIERCE at fort Pierce, f:orida, the sum oF s~?~~ ~0~ ~ w;th interest irom date at the rate of ~6 per annum, in monthly ins~ail-
menrs as follows: S~-~- on ~he day of J~y , 19__1.1_ and a like sum w? the cwrespond~ng day of each month ihere-
at~er until the whole be fully paid.
Each installment first shall be appl~ed in payment of the interest and then on the unpaid bala~ce of tF.e princ~pal sum. If d auft ts made in the
~ ayment of any insta~finent when due, and such defauit co~?inues 30 days, then at the option of the holder, and wi~hout any other notice, all the remaining
~nsratlments shall be due and payable at once. Privilege is given to prepay thia note in whole or in part at any t~me without penalty. Nei her forebearance,
nor acceptance by the holder thereof aiter any default in any payments hereon, shall be deemed extens~on. A late payment charge of S~9~20, shalt be
added to each instal(mem remaining unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 dsys after
each sutceeding payment date.
Each maker, surefy and endwser hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayment, and further
agrees to any extension of time of payment, either before or aiter maturity, withaur not~ce to any of us; and to pay all costs af collection, includ~ng a.
~easonable attwney's fee in the evem of any default 1~ereunder, and hereby severally waives a~l benefit of homestead and exemption under the constitution
and laws of each Sfate of the United States, as against this obligation w any extension a renewal hereof.
Witness th~ hand and seal of each party.
~ S/ L. W. • Scott ~A~~
(SEAI)
S/ Mary Scott ~ also knoim as (SEAI)
Nary F. Scott ~u
( ~~2~5~ 1 State Revenue
f6b~wp.•sncsilea-on-o.:sind-nekr -
NOW, iHFREFORE, the MORTGAGOR for the purpose of srcuring payment of said sum of S 175~~~•~ , and the perfwma~ce of the
covenants and ac+reements hereinafter expressed, and for divers good and valuabte conside~ations, by these presents, dces grant, bargain, se?1, remise,
release, convey and tonfirm unto tlx MORTGAGfE, its succeswrs and auigns, all that ce~tain lot, piece or putcl of land, situate, lying, and being in the
Cou~ty of S~- 1.11C~A , and Stste of Flwida, desuibed ~s follows:
The ~ of the N'~ of the N4~ of the SI~ of Section 16~ Toxr?ship 31~ South,
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rogether wifh all and si~gular the tenements, hereditaments and ap~wnsnces thereurlto belw~ging q in snywise appertaining fherero, and eU ~entt, issves,
p~oceeds snd profib accruing and to sccrue from saisl premises, all of wF~ich am included in the s and fwegoing description and habend~m.
TO HAVf /tN~ TO NOID the above described and grsnted premises uMO the s+id MORTGAGE , its succeuors and auignt foreve?. And tFk said
MORTGAGOR fw,~~-~~r heirs, executo?s, administrators and assigns, hereby covensnri with the said MORTGAGEE, in sutcessors and ~ssigro,
~hat ---~+~+L,i-~~ lawfully seized of the said prem~ses in fee simplr, that the same a?e free, clear and dischsrged from all liens and e~cum-
brarxes in Isw or in equity, and that th~ Mr;ll and their hein shall ws~rant and defend the title to fhe ssme to the s+id
MORTGAGEE, its successors and auigns, forever sgainst the lawfuf claims and demsr+ds of sll persorq;
PROVIDED, ALWAYS that if the MORiGAGOR ahalt pay unro the MORTGAGEf the promissory note hereinbefore ~lesvibed and shall truly, promptly
and fully perform, d~scharge, execute, complete, comply with snd a6ide by each and every the stipulations, sgreements, conditions and covensnb of said
prom~ssory note and of this Mwtgsge, then this Mortgage and the Estate hereby ueated shall cease ~~nd be null ~nd void.
IT IS UNDERSTOOD that the word "Mortgagor" whethcr in tl~e singular or plwal snywhere in this Mortgage, sl?all be singulsr if one only and
shall be p)ural joinfly and ieverally if more than one, and that the word "their" ss utrd anywhere in thi~ Nbrtgage shall be taken to mean "his;' "hers,"
or "its;' wherever the co~text so impl~es o? admits. Also, that wherever there is a referente i~ the covenants and sgreeme~ts herein to~fai~ed fo any of
the parties herero, the same shaH be constrved to meart as wdl as the heirs, legsl representatives, successo?s snd assigns (either volunt~ry by act of the
psrties or invotuMary by operation of the law) of the same and that the covenants herein contained shall bind and the be~efits and sdvanhgei inure
to the respective heirs, legal repreuntstives, succeasws ar?d au'gns of the parties hereto.
And said Mortgsgors, (o? themutves and their heirs, legal repreuntafives, suctessas ~nd auigns, hereby jointly and seve~elly covensnt end agree
to and with the said MORTGAGEE, its successors and augns:
1. To pay •II and iingulu thc principal ~nd interest and the various and sundry sums of money payable by vi?tue of said promissory note, and this
mortgsge, each and every, promptly on the days respectivety the ssme sever~lly becane due.
2. To pay •11 and ~ingular the t~:es, assessmenn, tevies, liabilities, obligations and encumbances of every nature and kind now on said described
property, or that hereaiter may be imposed, suffered, pl~ced, levied, w assessed thereon, or that hereafter may be levied o~ suessed upon this Morty-
age, or the inckbtedness secured hereby, each snd erery, when due ~nd psyable, ~tcording to law, before they become delinqvent, and befwe ~ny intere~l
arraches or any penalty ~s incu~red; AND INSOFAR AS ANY TMEREOF IS OF RECORD THE SAME SHAII BE PROMPTtY SATISFIED AND DISCHARGED OF
RE~ORD AND THF ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATtSFACTION PAPER OffICIAIIY ENDORSED
OR CERTIFIED) SHAIL BE PlACFO IN iHE HANDS OF SAID NtORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the event tMt sny thereof is nof
paid, sat'sfied and discharged sa'd MORiGAGEE may at any time p~y the same or any part thereof witF~out waiving or affecting sny optio~, lien, equ~ty a
•~Ght under o? by virtue of this mortgage a~d the (ull amount of each ~nd every such psyment shali be immediately dve and payable and shall bea~ i~terest
~•om the date thereoi until ps;d at rate of n~ne per ce~tum per annum a~d toget r ~th such interest shall be secured by the lien of th:s moryta9e.
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