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Home My WebLink About0307 . ~ ;Z35199 ~ THiS INDENTURf. Made the ~~h da of Al1QL4t A.D. 19 - between Larry ~se and Mary Lau Lee, his xife of St = T•l1G~A County Florida, hereinafte~ deignated as the "MORTGAGOR,", and FIRST FEDERAL SAVINGS AND LOAN AS$(XIATION OF fORT PIERCE, a corporation o~ganized and existing under thd ~laws of the United St~tq oi America and having its principal piace of bu~insss in ~hs City of Fwt Pierce, S~. lucie County, Fiwida, hereinafte? designated as the "MORTGAGEE:' WHEREAS the MORTGAGOR is 'rysNy indebted to 1F?t MORTGAGEE in the sum o/ s ~9.~Q0.~ • good and la~vful maney oi the Unlted S!atcs adaanced by the MORTGAGEE umu the MORTGAGOR, as ev~dencrd by a cevtam promiuwy note of even date herewitb, of wh~ch the foltowing in words and figures is a irue copy, to-wil: s '~Q~„3,00.00 ~ 3~~ 8~~'2 ; Fwt Pierce. Florida. -~1~~St ~ 0 19_~_ ~ For val~ rKeived, 1, we w eifher of us, prom~se to pay, without defalcation, to the order of FIRSi FEDERAI SAVIN+GS AND IOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Florida, the sum of s_ 3~~~•~ ~ w~th interest from dafe at the rate of r•~ ;o pe~ annurn, in montF~ly install- ~»ents as fol!ows: S 2g~ on the ~ st! day of Deeember ~9~? and a Gke sum oo the correspond~ng day of each month there- after unti! rhe „vhole be fuJly paid. Each :nstaltment first shall be applied in payment of the interest and ~hen on the unpa~d balance of the prinupal sum. If d ault is made in the ~.a~ment of any insrallment when due, and such default cont~nues 30 days, then at the op!~on of the holder, and without any other not~ce, all the remain~ng ~nstaltments sha11 be due and payable at once. Priv+~ege ;s given to prepay th;s rate in whole or in part at any time without penalty. Neithe~r tore+beara~ce, r,or acceptante by the holder Ihe~eof afte~ any defaulf in any payments hereon, shall be deemed extension. A late payment charse of S_J_Lla~~, shall be acded lo each instattment rema'mirg ~npa~d 7 days after its due date, and s tike sum ihall be addrd to each such installment remaining unpaid 7 days afler zach svcceeding payment date. Each maker, surery and endorser he+eof, joinily and seve~ally, waives demand, presentment p~ote:t and notice of protest fw nonpayment, and further agrees to any extension of time of payment, either before or afte~ maturity, witnout not~ce to any of us; and to pay all costs of collection, includ~ng a reosona6le atto~ney's fee in the event of any defautt hereunder, and hereby severaliy waives aN benefit of homestead and exemption under the consiitulion +~:d laws of each State of the United States, as against this obfgation w any extension or renewal hereof. Witness ttx hand and seal of each partY. _S~ 1~12`2'y LB@ ~AU (SEAL) _s/ Mary Lou Lee ~A~~ t--~8•9~ ) State Revenue ~ ~u iS?sw~~ww~eiled•pn~eig~roF•neYe) NOW, THEREFORE, the MORTGAGOR for the purpose of secvring payme~t of ssid sum of s js~3~¦~ , and the performance of the covenants and agreements here~nafrer exp.eued, and for d~vers good and vsluable cons~derot~ons, by these presents, dxs g~ant, ba.gain, sell, rcmise, release, convey and confi~m unro the MORTGAGEE, its successors and su~gns, all that certain lot, piece or parcel of land, situate, (ying, and being in the :ounty of - St+. I.11Ci@ and State of Fbrida, desrribed ~s follows: Lots 9 and 10, Block _2, of Benton's Manor Slibdivision~ ~ as per plat thereof on file_ in Plat Book 1l~, Page 18, o~~ ~fi` of the PubZic Records of St. Luci,~C Florida .;;`~a~~~~~~ - G ~~Q• • oE 4~` _ ` ~ ~,,1~ = ~ ' ` yG y~. ~ ~ ' ~ ~ ^ _`J,~~' ~ I A I'r t- L U ° y.~~ ~ z r~ocuv~r~~.:- ~ k1Lq f:- `\~c, . ~ _ ~ ' T: ? i : x O ~ ~ ~ Ar~11•72 -,'7~`;~. Q ~f,A CFiI.OF C~~'EI.~. ~=,~5 $ 9 5 c ~ ~~.~y0~~2 _ ~ - - rogether with all and singv~ar the tenements, Ixreditaments snd appurtsnces thereunto belo~ging w in anywiu appeAaining thereto, snd ~II ?ents, iuues, vroceeds and profin accruing and to accr~e frem said prem7ses, all of which are included in the above s~d fwegoing descriptan and habendum. TO HAVE AND TO HOLD the above described and granted premisea unto the said MQRTGAGEE, its successws and assigns forever. And the said MORTGAGy,O~R~'for ---~iZ--- he;rs, executws, administrators and assigns, hereby covenann with the said MORiGAGEE, its succeuors and ~uipro, ~hat -y++a.~-~~--- Iawfully uizcd of the said premises in fee simple; that rhe same are free, clear and di~cl~arged from slf liens and encum~ brances in law w in equity, and that t+h~3r w;ll and ~8~ he;rs shall warrant and defend tlx title to the asme to the said MORTGAGEE, its s~ccessws and ass~gm, forsver against Ihe lawful claims and demands of ~II persons; PROVIDED, AIWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisaory rate herei~before dewibed snd shall truly, promptly and fully perform, d~uharge. execute, comptete, comply with and abide by each and ewery t1~e stipulatio~a, agreements, conditions and covenann of s+id promissory note and of this Mortgage, tlxn this Mwtgsge and the Eitate hereby created shall cesse and be nuli and void. IT IS UNDERSTOOp that the wud "Mwtgagor" whethe? in the singular or plural a~yvirhere in this Mortgage, shall be singular if one only and shall be plural jointly snd severally if more than o~e, and that the word "their" ss used anywhere in this Mortgage shalt be taken ro mean "his:• ••hen," o. "ifs," wherever the contexl so implies or sdmits. Also, thst wherever there is a referente in the covenants and agrecmcnts herein contained to sny of ~he parties hereto, the same shall be construed to me+n as well as the heirs, legal representatives, successon and ~~signs (either voluntary by aq of the parties or invotuntary by operation of the Iawj of the same and that the covenants herein confa;ned shall bind snd the benefits and advsntages inure ro the respective heirs, legsl representatives, successors and au~gns of rhe parties hereto. And said Mortgsgprs, fo~ tFxmxlves and their heirs, legsl rep?esentatires, succcssors and •uigns. hereby jointly and severally covenant and ayree ro ~nd witF~ the said MORTGAGEE, its-successon and assigro: 1. To pay atl and singular the p?int~pa! and interest and the varian and sundry sums of money pay~ble by virtue of said promisswy note, and this matgage, exh and every, p?amptly on the days respect~vely the ssme severally become due. 2. To pay ~II and singular the taxes, assessments, levies, li~bilities, oWgations and encumbrances of every nature and kind now on uid described p~opafy, w that hereafrer rruy be impoted, suffered, ptxed, levied, w issessed rherew~, w that hereafter may be leried a a~sessed upon this Mat¢ age, w the indebtedness secured F~ereby, esch snd every. when due ~nd paYable, sccording to law. be(ore ~hey become delinquent, and befwe any iMereat atraches o? any penalty is incurred; ANO INSOFAR A$ ANY THEREOF IS OF RKORD TNE SAME SMAII BE PROMPiLY SATISf1E0 AND OISCHARGED Of RECORD AIVD iHE ORlGINAL OFFJCIAL DOCUMENT (SUCH A5, FOR INSiANCE, THE TAX RECFIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any thereof is not pe~d, sat'sfied snd discharged sa"d MOR(GAGfE may at any time pay the same w any part the~eof witlaut wa+ving or alfecting any opfion, lien, equity or •~aht vnde? or by virtue of this mortgage and the fu~I amount of each a~d eve~y such payment shall be immediately due and payable and shall be~r interes+ kom the date thereof u~til paid e: rate of n~ne per tentum per annum and together v~jh(~ sf shall be~~w` by Ihe lie~ of th:s morgt~. soux~~ P,~~i ~ _ - - - ~ . _ k _ _t