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Home My WebLink About1853 236319 l~ , _ . , . TNIS INDENTURQ AAsd~ ~he 25th ~y of AL1C)l1SL ~ A.D. I9 72 batween S. L. M. Oeve opment orporat on, a orida Corporat on of St. Lucie ~~~ry F~~~~ ~~~~yi~K desg~ated as tM "MORTGAGOR;' and FIRST FEDERAt SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a oorpwation or9~ni:ed ~nd exuting under the lawi oi the United Saai of America and Mvinp its principat place of buzin~ss in tM City of Fort Piac~, St, l~cie Counry. Huida, Axcinalte~ desipnated u tls~ "MORTGAGEE." WHEREAS th~ MORTGAGOR is justly indsbted to /M MORTGAGEE in the sum of : 28~ ~~•0O , good and lawful money of the Un~ted S~ates advanced by ths MORTGAGEE unto ths MOltTGAGOR, u evidenced by s certa~n promiuory note of even date herevrith, of which the folfowing in v.ads and figures is a trw topy, towil; ~ 28. 500•~0 ~ 1~018718 Fwt Piert~. Fiw~d,. August 2S ~y 72 Fa v~lue received, f, we w either of ~i, promise to pay, withovt defalcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF fORT PIERCE at Fat Pierce, fbrida, ths sum of s 28+ ~0~~ with interest from date at the rate of 7• S °16 per annum, in monthly install- ~+er,ts a ioltows: = 211 ~ t11e lSt ~Y of Deeember . ~9 72 ~nci a l~ke wm on the carespood~ng day oi each month there- afeer until the whole be fully paid. - Each inttatlment iirst shall be ~pptied in payment of ?he interest and then on ths unpaid balance o( the princtpsl sum. If d aulf is made in the payment of any installment when due, and such default tontinurs 30 day~, then at the option of the holder, and without any other notice, all the remainir~g ;nstallment: ahall be due and psyabfe ~t once. Privilege is given to prepay this note in_ whote w in part at any time withoW penatry. Neifhcr fwebearance, nor acceptsnce by the holder thereof sfte? sny defautt in sny paymev~ts hereo~, shal) be deemed extension. A late payment charge of s lO' S$, ahall be added to each ins~altmcnt remaininy unp~id 7 days after iri due date, and a like sum shall be added to each such installment remaining unpa'~d 7 days after each succeeding payment date. Each maker, surery and endorser hercof, joinNy and severatty, waives demand, prese~tment protest and rrotice of protes! for no~psyment, and further ag.eea to any extension of time of psyment, either before or aftN maturiry, without ~otice to any of us; and to pay all costs of collection, includ~ny a re~sonable attorney's fee in the event of any defauh hereunder, and hereby severally waives a~l bcnefit of homestead and exemption under the constitvtion and laws of each S?ate of the Unifed States, as aga;nst this obl;gation p any exrension or rcnew her f. M. DEVELAPI~NT CORPORATION w~r~ ths Mnd and sea! or ~n ~nY. Flynn, Preside~U BY~ S/ Niilton R. CorpoYate seal aff ixed cs~nU ATTEST: S Mary . Flynn, Secretary~u ~ 42 .7 S ~ Sfar• Revenue ` ~U ~~~~-ws~~t~~s~n?a~ ama aa soo 00 NOW, THEREFORE, Ihe MORTGAGOR for the purpose of securiecp payme~t of said sum of S • • , e~d the performsnce of ths covenanri and ~rtements hcreinafter eYp~essed, snd fw diven good ar?d valuabk cauiderationa, by fhess presenta, does gr~nt, bar9ain, sell, r~mise, release conv~y and tonfirm unto the AkORTGAGEE, in s~cceuors ~nd auigns, sll that certsin bt, piece ot pucel of land, situate, (ying, and beirg in the ~~~H ~ St. Z.11C1@ and State of Pbrida, dcscribed as followi: L.ots 31, 32, and 33, Hlock 4, LAWNWOOD ADDITION, according to the Plat thereof as recorded in Plat Book 2, page 16 of the Public Records of St. Lucie County, Florida,.~ ~ ~ STATE oF FLOR'~q _ ~ z D~U~~~A°v STAMP TA X: J ~ ~ = AUG28'72 •t'~ v~'a ~ h V = ` ' ' 1N PAVNEN~ OF TW(FS 0[ii.~ ~[rECrE • ~ ' p~. H0~ 12 `~~•.f 4 2 7 5~ . INTlWGiBLE fER ~SOiJAI p, ~lERi'f. " pu~(yWt t0 CHAPIER 71•134. ~ ~ ~ R~ER POtYFAS ~ CIACUIT COLIRT. Sf. Ltl::tE C0, ~ ~ogerhe? with sfl snd singulu the tenements, hereditamenh and appwtances thereunto belag;ng w in ~nywise ~pperqinirg therero. ~nd a~l renn, istues, proceeds and profin ~cauing snd to accrus from said premises, ~II of which xe irKludsel in the above and foreQoing dperiptan ~~d Mbendum. TO HAVE ANDi~ HOID 1M ~bove described +nd g~mted premises vnto tFw s~id MORTGAGEE, its succeisws and +siigns fwevK. Md tM said MORTGACzOR fpr hein, executon, administr~ton and assigro, hereby oovena~ts with tha ssid MORTGAGEE, in uxcessws and ~ssipns, that lt 15 lawfull s~ized of the said y premises i~ fee simple; that tl~ same ue free, clear and discMr9ed from al1 lieru ~nd sncvm- brances in law or in eqoity, and Ih~t 1~ will and 1x5 hein sMN warrant usd defend ths title fo the aame to th~ aaid MORTGAGEE, in ~ucuuors and auigns, forever ~ainst ths lawful claims and demands of sll pertons; ; PROVIDFD, ALWAYS that ff the 1VAORTGAGOR shall p~y unto the MORTGAGEE the promissory note hereinbefore destribed ~nd shall truly, promptly end fully pKform, d7sch~rge, execut~, compkts, comply with and ~bide by each snd every thc stipvlatiau, spreeme~ts, conditions ~nd oovenana of sa+d ~ promisswy notr ~nd of this Mat9age, t}~sn ti?is MortyaQ~ ind the btate haeby ueated ahall ussa and be null and void. IT !S UNDERSTOOD ihat the word "Morty~or" whether in tM singula~ w plural anywh~r~ in this Morfgsye, shall b~ singula if o~s ortly ~nd shall b~ plural joi~tly aod ssvaaly if mdre thsn one, and that the word "the'u" as used a~ywhere io this Mortgage shall be tsken to mesn "h'a," "hen," ~ or "in;' wherever the context w implies w~dmits. Alw, that wherover there is a refaerKe in tl+s covenann a~d agreements herein contained to ~ny of ttie p~rties hereto, the ~ame ihall bs construed to mean u well ss the heirs, kyal tepresentatives, suaesson a+~d assigns (either voluntary by ~tt o4 fM ~ part~es or involuntuy by operatio~ of the I~w) of the sarne snd that the covena~ts l~erei~ conai~ed shalt bi~d and the banefits and ~dvantaQes inun ro the refpec?ive heNS, leqal representstives, succeuws and au°gro of the parties hereto. i Md ssid Mwtys~as, fa themselva and their hein. le~al representatives, successors and usigrn, hereby jointly and severally coverunt ~nd ~prae f ro snd with tM s+id MORTGAGEE, its wccessors ~nd suiyro: 1. To piy ~11 and airgular the p~incipsl and interest and the variwf snd sundry sums of money payabl~ by virtve of ~aid promissory no~a, and this mortysye, each ~r~d awry, pomptly on tM days respect7vely the same severally becane due. 2. To pay dl and sirgvlar the tsxa, usessmenb, kvies, liabilit~es, obti4atio~s snd encumbr~nces of every nature and kind ~ww on said described property, or tMt hereafter may be impo~ed, wffaed, plaad, levied, or ~ssessed thereon, a tF?~t hereafter may be kvied or issessed upon this MortQ- aye. a the indebt~tdntss secwed hereby, exh and wery, when d~e ~nd psysbk, sccordirg ro law, before they becan~ delinquent, and befor~ ~ny intKest attaches or any penalty is incurred; ANO tNSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTLY SATISFIEp AND OISCHARGED OF RECORO AND THE ORIGINAI Off(C1Al DOCUMENT (SUCH AS, FOR INSTANCE, TFIF iAX RECE1Fi OR THE SATISFACTION PAPER OFFICIALLY ENDORSED OR CERTIFIED) SHAII 8E PlACEO IN THE HANDS OF SAIO MORTGAGfE WITHlN TEN DAYS NEXT AFTER PAYMENT; ~nd i~ the event that any thereof is not pa~d, s~YSfied ~nd disch+~ged sa:d MORTGAGEE msy at ~ny time psy the same p any p~rt tfxreof without waivi~g or afiectinp any option, lien, equiry or ~~qht v~der or by virtve of this mortga9e snd the full amount of esch a~d every such payment shall be immediately d~~e a~d psyabk and shall be+r interest j.om the date tl~ereof vntil paid at rate of nine per centvm per ~n~um ~nd together w~th such interesl shsll be s~cu`ed the lien of th:s morgrsqe. ~oox~'05 ~~~E1~5~ ~ y~._~ - - ~ .