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Home My WebLink About1822 ~ ' ~ l~rtfd i~r.y~ 1 m~k~cTZ~? ~rt~~•r~a,cE ` THIS INDENTURE, Mad~ the 17tt1 ~y of AuquSt ~y 72 y~~~ Lloyd T.~yl~r and Clotilde F. T,ylori his wife~ cf $ t. Luc i e ~~~ty F~pr~~, ~e;MftN d~signated ~s the "MORTGAGOR," and FIRST fEDERAI SAVINGS ANO tOAN ASSOCIATION OF fORT PIERCE, • co?poration ory~nized u?d ex~itiny unde~ IM I~ws of tM United Sut~s of Am~riu u+d havinp its Pf11K1~I PIKf of busiMSS in ~M Ciry of fvrt PiKC~, St. luci~ County, Flo~ida, M?~inahN dssipnated as tM "MORTGAGEE:' WHEREAS the MORTGAGOR is justt~ indebted to tM MORTGAGEE i~ the sum of = IS ~ODO. QO , good and lawful money of the Unitcd Stat~ advanced by the MORTGAGEE u~to ths MORiGAGOR, ss evidenced by a certain promissory ~o1e of even date he~ewitb, of wh~ch the foilowing in Wadi and figures is a uw copy, fo-wit: ~ 15,000.00 3~18 68S No ~ fo?t Piercs. Fbrida, ~1ugl1S t 17 , 19 72 For value received, 1, we or either of ~s, promise to y, withoul defsltation, to the order of FIRST FEDERA~ SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Forf Pierce, Florids, the sum of = 1 S~ O~n. Qn w;~h interest from date at the rate of 7• 5 96 pe~ snnum, in rtwnthly instalb ments as follows: s 121 .0~ ~ ISt ~Y of December ~ ~9 72 and a like sum on the corresponding day of esch month tlu~r after u~til 1he whole be fully paid. Each instaUmenf fi~st shall be applied in payment of t}?e interrst and then on the unpaid bsla~ce of the princlpal sum. If d auh is made in ths payment of any in~tallment whe~ due, and such default continues 30 days, then at the optio~ of the holder, and without any other notice, all the remaining installme~ts sh~ll be dut and payabk at once. Privile~e is given to prepay this note in whole w in psrt at ar.y lime without penalty. Neither faebearance, nor scceptaoce by the holder thereof afrer any default in a~y payments hereon, shall be decmed extensio~. A late paymeM charge of = 6! shsll be added to each insta~lment remaining unpaid 7 days after iri due date, and a like sum shall be added to each such ina~allment remaining ~?npaid 7 days afte~ each sucteedii?g payment dafe. ~ Each make?, surey ~nd endorur hereof, jointly and severally, waives demand, presentment paotest a~d notice of p?otest for ranpaymenL and further agrees to any extensio~ of time of paymcnt, either before w after mat~rity, without not~ce to a~y of us; and to pay all costs of collection, includ~n9 a reasonable attwney's fee in ths even? oF any default hereunder, and hereby severally waives all benefit of homestead and eaemption under the constitution and laws of exh Stare of ths United Stares, as against this obligation or ~ny extension a renewal hereof. W7trms the hand ~nd ual of esch party. S;' L1oYd Tal•lor ~U (se~U _S/ C.Iotilde F. Taylor ~U ts~?e? ~xxxxxxxxxxxxx~~ c9cse~csuou~cd~~oc~espso~ ac.oao kOW, THEREFORE, ths MORTGAGOR fw the pu~pose of ucvring payment of ~said sum of i ZS • 0O and tt+e rovenann and apreemeny hereinafter expressed, and for divas good and wlwble cons;derations, b these ~Of'^~"GR °f the y presents, does gr~~t, bar9ai~, sell, remise, reieate, convey and confirm unto the MORiGAGEE, iri successas and ~uigns, ell that certain bt, piece-or pucel of land, situate, lying, and beinp in ths ,,~,~ty~ St. Lucie and State of flor~da, dewibed ~s follows: Lot 17, Block 1, of OORTEZ PARK, as per pl ~t thereof on f ile in Plat SOOI: 5, pac~e 38, Public P.ecords of St. ~ur.ie Ccun±y, .~loric~~~ T~is m~rtgage is executed and delivered in ~ '~`~Q lieu of a mortgaye of even date herewi±h fzo^~ mortgagors to mortgagee which inad- ~~~a ~ vertently described real property as beiny 4~~~ 8' in CORTEZ ESTATI'sS when the description should have read CORTEZ PARK. (The erron- euus desczi~tion is of record in O. R. Book ~+,~ti~ y 205, Page 1101, Public Records of St. Lucie County, Florida, and on which the intangible personal property tax and documentary staap ~ tax has been paid.} ~ ~ ~ rogether with sll and singul~r the tenements, her~tamenh +nd appu?tsnces thereunto belonging or in any~wise sppertaining ther~to. +nd aU ~~r?b, bsues. proceeds snd profits xuuirg snd to xcrue from said premises, atl of which ~rc included in tF+~ ~bove and fweyoirg descripYan snd habendum. TO HAVE AND TO HOLD tM above described and ynnted premi~es unto tF~e said MpRTGAGEE, its sixcesson and auigm forever. Md t!w saW MORTGAGOR fw t h e i r ~~n, execvtors, sdministratws ~nd augns, hereby covenants with the said MORTGAGEE, ib successors snd auipm, rhat lawfull seized of the said they a re y prern;ses i~ fee iwnple; that the same ar~ iree, ckar ~nd discharged from aU liens and ~nevm- brences in law or in equity. and ths~ Lhey wi0 ind their hein shall warrmt and defend the titk to th~ aame to th~ s+id MORiGAGEE, its successors and ~uiy% fwever against the lawful cl~ims and demands of all persons; PROVIDED, AIWAYS tMt if the MORTGAGOR sh~tl pay unro the MORTGAGEE th~ promissory note herei~beiwe desuibed and shall truly, promptly ~ and f~lly perform, d~scharpe, execut~, compi~t~. comply with snd sb~de by each and every the stipulations. sg~eements, condirions and oovsnanb of ~aid { promissory note ~nd of tha Mo?tysye, then this Nlortps~e and the Estate haeby veated ihall cesss ~nd be null and void. ` IT IS UNDERSTOOD thst the word "Mort9syor" whether in the airgular or plvrsl snywhere in tha Morty+pe, shall be sinpular if one only and shall bt pl~ral jointly and ~averally if more tMn one, and that the wpd "their' ai used ~nywhere in this Mort9sg~ ahatl be tsken to mesn "his," "hen," or "itt;' wherevet the coMext so implies or admit~. Also, thst wherevd thert is ~ reference in the coven+nn and a~reerrKnn herein containsd to ~ny of ihe pwties hcreto, the ~xne shslt b~ consnued to mesn as well as the hein, ley~l representatives, suaesson and auigiu (eithe~ voluntary by ac1 of tM parties or involvntary by operstion of the Iaw) of the ssme a~d thsf the covenanrs herein contained ahall bind and the beriefils and edvrntspes Inwe ro the re~pective heirs. leyal represenutives, successw; and au~gna of the puties hereto. And uid Mortyayon, fa themselvd and their hein, legal representatives, successors u+d auiyns. hereby jointfy and severally covenant ~r~d apree ~o and witF~ tM said MORTCsAGEE, in wccesw~s and suigns: 1. To pay all u~d sinyular the princip~t and interest and the vsr~ous snd sundry sum~ of money payabk bp vi~tw o! sa;d promiswry ratt, and this me~tyaps, eacl~ ~~d ~very, pomptly on ttr days respectively the iame s~wralty become dw. 2. To pay all ~nd unyul~r the taxes, aueumenb, I~vies, lisbilities, obliy~tioro and encwnbancea of every eature and kind rqw on said dhcr;bsd propKty, a that hareah~r may b~ imposed, suffa~ed, placed, kviee, or ss+essed tficreo~, w th~t here~fte? m~y b~ lev7ed a~ssessed upon thb Mat9- aqa, a tM indebt~ ~scwed M~eby, eacb and erery, whe~ due and payable, accordinp to law, before they becwn~ delinque~t, and before ~ny intaest artaches a sny per?~Ity is intwred; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAME SHAII BE PROMPTIY SATISFIEO AND OISCFIHRGED OF RECORO AN~ THE ORIGIFtAI OFftC1Al DOCUMENT (SUCH AS, fOR IN5IANCE, THE 7AX RECElPT OR THE SATISfACT10N PMER OffICIAIIY ENOORSED OR CERTIFIED) SHAII SE PtACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; ~nd in 1he evint tMt any thereof is iw1 pa:d, sat'sfied snd distharged sa:d MORTGAGEE msy at any time pay the iame w iny part thereof withovt waiving or affetting u?y option, lit~~. squity a : •iqht ~nder or by virtve of this mortgage and the fvll amount of esth and every such payment shsll be immediately due s~d payabk and thall btu i~terest ' crom 1he d+te ~hereof until p~id at rate of n~ne per centum pa annum a~d together w~th such interest by the lien of ~h:s moryta~e. ~ BO~x~~ PAC: ~5~~ ~ _ . : - .