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Home My WebLink About0309 ~ 235200 THIS INOENTURE. Msde the ~~Lh day of ALLgUSt A.D. 19 72 between L. p. Allen, Jr., a single adult of St . Ll1C 1Q ^ ~p~~ty Florida, he~einaf~er desgna~ed as the "MORTGAGOR;' and FIRST fEDERAI SAVINGS AND IOAN A$$p~IATION OF FORT PIERCE, a co?pwatio~ organized and ea~sting under the laws of the Unfled Sta~as oi America ~nd havirg its principal place of ; business in ths Ciq o/ Fw? Pieres, S?. l~cia County, florida, hereinafter de~ignated as the "MOR7GAGEE:' WHEREAS the MORTGAGOR is justly indebted to Ihe MORTGAGEE in the sum of S~ 11 + 2~0. 00 gocd and lawFul money oi the Un~ted States advanced by the MORTGAGEE unto the MORTGAGOR, as evidented by a certam promisswy nole of even date herew~th, of wh~th the foitowing in words and figures is a true topy, to-wil: ' j 11.200.00 ~0 3_18,659 , Fort Pierce, Flor7da, _ AuguSt ~0¦ 19 72 ~ For value rr_eived. I, we or either of us, prom~se to pay, without defatca~ion, to the o~drr of fIRST FEOERAI SAVINGS AWD IOAN ASSOCIATION OF ~ FORT PIERCE at Fort Pierce, Florida, the sum of S l i~ 2~~. ~ w~th interes~ from date at the rate of ?•?So per a~nu~n, in monthly instalf- ~ ~ ments as follows: S~2 • on Ihe 1SL day ot~tober ~9 72 and a like sum o~ the correapond:ng day of each month there- ~ afttr unrit rhe whole be fully paid. Each installmenJ first shall be appl~ed in payment of the interest and then on the unpaid balance of the princ~pal sum. If d ault :s made i~ the payment of any installmeM when due, and such default continues 30 days, then at the opt;~n of the holde?, and without an; other not~ce, a11 the remaining ~nstal(ments sAait be due and payabte at once. Privilege is given to p~epay this note in whole or in part at any t~me without penalfy. Neifher forebearance, nor acceptante by fhe holder thereof after any default in any payments hereon, shall be deemed ex~ension. A late payment charge of S'4 • 60 yhall be ~ added fo each i~slallment remaining unpaid 7 days after its dut date, and a like sum shall be added to each such installment remaining unpaid 7 days after - each succeeding payment date. - fach maker, surety and endo~ser hereof, jointly and severally, waives demand, presentment protest and natice of protest fpr nonpayment, and further agrees to any extension of time of payment, either uefore o~ after maturity, without not~ce to any of us; and to pay all costs of collec!ion, i~clud:ng s reasonable attor~ey's fee in rhe event of any default hereunder, and hereby severatty waives alt benefit of Iwmestead and exempfion under the conslitwion and laws of each $tate of the United States, as against this obligation p any extension or renewal hereof. Witness the hand and seal of each party. s/ L. a. Allen, Jr . ~A~~ a single adult ~~Aiy (sEa~) / ~16 . i State Revenue «u fbtsnps ses~led~e ~ei~m~ m!e) 11 200.00 ' NOW, THEQEFORE, the MORTGAGpR for the purpox of secviing payment of said sum of S ~ and the pc~tformance of the covenants and agreements hereinaffer expressed, and fw divers good and valuabtt considerations, by these presents, dxs grant, bargain, aell, remise, reiease, convey and confirm unto the MORTGAGEE, its succeuors and assigns, all that ce~tain lot, piece w pucel of land, situate, lying, and being in the County of ~.t Lucie , and State of Florida, dexr~bed as foltows: ; Lot 7, Block 152, LAKEWOOD PARK, UNIT 11, as per plat thereof on file in Plat Book 11, page 32, of the Public i2ecords of St. Lucie County, Florida, ~ ~'i ~NQ~''~'..,~,Qa~;~,. c~4::~•'~~ `v,~,_ ll~~~~i~t~ . ~ ~1J`~` W ~ ~~'cE CN G P1.^. C. t• 5 1 L> ~ C^~ f'" l.. C. F-~ ( l.J f~ p~E, a~ `,~~R C3 t 7QCU~~1 ~T~r'_. ~ 1:~~-'j) 1•'{ ~`~S~''' Z _ ~ Cr~ A J - ~,l~-':~, : - - R ~ ~ - auGii~~z : c'.~'~~=~ c~ ~ , r G = ; '~I 680~ U 'M~J ~ LEiI.Gf R(ei:1i~. `-i+j/ - P.B.~9o~~2 -._'\:;:i=--- rogsther with all snd singular ?t~e tenements, heredifamenb snd appurunces thereumo belonging or in anywiie appettaining thereto, snd all rents, iuues, proceeds ~nd profin sccruing and to acc~ue from ssid premixs, sll of which ue irxluded in the sbove and fwegoing dexription and habendum. TO HAVE AND TO HOLO the above described and granted premises unto the said JNORTGAGEE, its tuccessors ~nd issigns forever. And the said MORTGAGOR for - h 15 heirs, executors, administrators snd assigns, hereby covenants witl? the said MORTGAGEf, its successors ar?d ~ui9nf, rhat he 1 S___` ~awfull uized of the said Y p?emises in fee simpte; lhit the same sre free, clear a~d diuharged from a!I liens and encwn- brances in taw or in equity, and ihat he wi11 and tI1 S heirs shall warrant snd defend t}~e titte to the tame to the said MORTGAGEE, its iuccessors and assig~s, fwever against the lawful claims and demsnds of all persons; PROVIDED, AIWAYS tFwt if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore dexribed and shall truly, promptly and iully perform, d~xharge, execute, compfete, comply with and abide by each and ewery ~he stipufarions, agreement~, conditions and corenints of said promisswy note and of fhis Mo?tgage, t}?en thit Mortgage and the Estate hereby ueated ihall cease +nd be null and void. IT IS UNOERSTOOp that the wwd "Mortgagoi' whether in the singuiar o~ pl~ral anywF~ere in this Mortgsge, shall be singular if one only •nd shall_be plural jointly and severally if rtwre than one, and that the wwd "their" as used snywF~cre in this Mor~gsge shslt be taken fo mean "his;' "hen," or "iti," wherever tF~e co~rext so implin or admits. Also, that wherever there ii s reference in the covensnts and agreements herein contsined to any of the parties hereto, the same shall be construed to mesn as well ~s the heirs, legal representatives, successon and assigns (eithcr voluntary by ~ct of the parties or involuntary by operation of the law) oF the same and thar the covenants herein contained shall bind and the berxfits +nd advantages inur~ ro the respective heirs, kgal representatives, successors and asa~gns of the parties hereto. And said Matgsgon, fa tFxmselves and their heirs, legal representatives, successors and assigns, hereby jointly arx! uverally covenant and ~yree to and with the said MORTGAGEE, its successors and auigns: 1. To pay ail and singular the principel and inrerest and the variou~ and ~undry sums of mw~ey pay~ble by virtue of said prom~ssory note, and thi~ mwtgaye, esch ~nd avery, promptly on the days respectively the same severally become due. 2. To pay all and ~ingular tF+e tsxes, assessments, levies, liabilities, obligations and encvmbances of every nature snd kind now o~ said described property, w that hereafter may be imposed, ivffaed, placed, tevied, w auessed thereo~, or fhat hereafter may be levied a assessed vpon /F~is Morf¢ age, w the indebtedneu secured hereby, esch s~d every, when due and payable, xcording to law, befo~e they become delinquent, ~nd befwe ~ny interest arraches or any pe~alry is incurred; AND IN50FAR A5 ANY THEREOF IS OF RKORD TME SAME SHAII 8E PROMP~IY SATISFIEO ANO OSSCHARGEO OF RECORO AND THF ORIGlhAI OFFlClAI OOCUMENi (SUCH AS, fOR INSTANtE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffICIAIIY ENDORSED OR CERTIFIED) SHALI BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and dixharged sa:d MORTGAGEE may at any time pay the same or any pan fhereof without waiving or affec?ing any option, lien, equity p •~pht under or by virtue of this mortgage and the full amount of each a~d every such payment shall be immediately due and payable and shall bear interett ~rom ?he date thereof until pa~d at rate oi n~ne per centum per annum and logether h st shall beiey~rgi by the lien of th"i mprgtaye. 0~~~~ PA~t ~V9 ~ ~~?~"e'°.~ ~ . .,~.a~ 4 - " ' _ ' " ' ' E. ~ . . 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