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THIS INOfNTURf, Mads the 2Sth dsy of Au'9uSt , A.D. 19 72 between
_Kenneth C. Cochran and Dortha F. Cochran~ his wife
of - St. Lucie ~ Cpynty flwida, hereinafle~ designated as 1he "MORTGAGOR," and fIR$T fEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a corporation org~nized and existin9 unde~ the laws of rhe Un~ted S~afas of Ame~ica and F~avinp itt p~incipal place of
business in the City of Fort Pierce, St. lude County, Florida, hereinafte~ des~gnated as ~hs "MORIGAGEE;'
WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 17 • 2~ , good and IawFul money of the Un;red
Statet advanced by the MORTGAGEE unto the MOR~GAGOR, as evidanced by a certain promissory rtote of even date ne~ewith, of which Ihe (ollowing in
wo~di and figures is a trve copy, to-wit:
z 17 ~ 200 .00 r,~, 10018'72U ~
Fwt Pierce, fiorids, AuqLLSt Z$~ 1972
Fw value received, 1, we or either of us, p~omise to pay, without defaltation, to the order of F~RST FEDERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE a1 Fwt Pierce, F~orida, the sum of S 17 2~~~ vwith interest from date at the rate of7!7SOO per annum, in monthly install-
~nents as fotlows: S 142'~ on the l~C... day of Oetober , 19_?2 and a t~ke sum on the correspo~~ng day of each month ~here-
afte~ until the wbole be fully paid.
Each installment first shall be applied in payment of the inte~est and then on the unpaid balance of the princ~pal sum. If d ault is made in the
F:ayment of any installment when due, and such default co~tinues 30 days, then at the option of the holder, and without any other notice. all tF~e remaining
;~+staflments shall be due and payable at once. Privilege is g~ven to prepay th~s note in whole or in part at any time without pena~ty. Neithcr forebearance,
nor acceptante by the holder thereof after any default in any payme~ts hereon, shall be deemad eztens~o~. A late payment charge of S~l~_, shall be
added to eech installment remaining unpaid 7 days after its due date, and a like sum shall be addrd to each such instaitment remai~ing unpa~d 7 days after
each succeeding payment dote.
Each maker, surety and endorser hereof, jointly and severalty, wa~ves demand, presentment protest and notice of protest for nonpayment, and furthe?
agrees to any extension of time of payment, eith¢r 6efore o~ aiter maturity, without notice to any of us; and to pay all costs of cotlection, incfud~ng a
reasonable attorney's fee in the event of any default he~eundrr, and hereby severally waives a11 benefit of homestead a~d exemption under fhe constitut'an
3nd taws of each State of the United States, as against this obi~gation qr any eatension or renewal hereof.
Witness the hand and seal of each party.
S/Kenneth C . Cochran (SEAU
(SEAl1
S/Dortha F. Cachran (SEAI)
~ 2 S' a~ ) $tate Revenve ~~U
(
NOW, THEREFORE, the MORTGAGOR fa the purpose of securing payment of said sum of S 17l2~•O0 snd the pe?formance of the
covenants snd agreements hereinaiter expressed, and fw divers good and valuable conside?ations, by these presents, does gront, bsrgain, sell, temise,
re;ease, convey and confirm unto the MORTGAGEE, its succeuors and asaigns, all that certain lot, piece or parcel of land, situate, lying, and being in /he
County of St. Lu~cie and State of Fiorida, dewibed as fottows;
From the Northeast Corner of the North 375 feet of the
S~ of the NE 4 of the SE 4~ of Section 5, To~rnship 36 South,
Range 40 East~ run West 893.4 feet for Point of Beginning,
thence continue West 100 feet~ thence South 162.5 feet, thence
East 100 feet, thence North 162.5 feet to Point of Beginning;
said land also being described as Lot 18 of an unrecorded p2at
of Daniel's Subdivision, lying and being in the North 375 feet
of the S~ of the NE'~ of the Sfi'~ of Section S, Township 36 South,
Range 40 East, St. Lucie County, Florida,
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P.B. RT, ST. t~,•~F ~ f~ %tl~r
togetlx? w;fh ~II ~nd singulsr the tenements, leereditaments and appurtantes thereunto belonging w in anywise appertaining thereto, and all rents, iuues,
proceeds and profits accruing and to accrue from said premises, all of which are includsd in the above snd foregoing desviption and habendum.
TO HAVE AND TO HOID the above desvibed and grsnted premises unto the said MORTGAGEE, its svccessors and assiqns forever. And the said
MORTGAGOR (w heirs, executors, adminisrntors and assigns, hereby covenants with the said MORTGAGEE, its successors ~nd ~s~iyn~,
that _ the-Y-~=e _ law{uHy sei:ed of the said premises in fee ~imple; thaf the same are free, deer and dixha~ged from all liens and encum~
~ brances in law or in equity, and that they N,;~~ a~ their heirs shall warrant and defend the title to the same to the ssid
MORTGAGEE, its successors snd auigns, forever against the lawful claims snd dcmands of all persons;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory note hereinbefore described and shatl tr~ly, promptly
and futty perform, diuharge, execute, complete, compty wirh and abide'by each and every tbe stipulations, agreements, conditiw~s and tovenants of said
prom;ssory note and of this Nlortgage, then this Mwtgsge and the Estate hereby veated shall cease and be null and void.
IT IS UNDERSTOOD that the wwd "Mwtgaga" whether in the sirgular w plural anywhere in this Mwtgage, shall be singular if one only and
shall be plural jointly and severa(ly if more tMn one, and that the word "their" as uted anywhere in thFS Mo?tgage shall be taken to mesn "his," "hen,"
or "ifs;' wherever the context w implies a admits. Alw, that wherever there is s reference in ~Fre covenants a~d sgreements herein comained to any of
the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, successors and as~igns (either voluntary by a~t of the
parties or involuntary by ope~ation of the law) of the ssme and that the covenants herein contairxd shall bind and the be~efits and adv~m~ges in~r~
ro the respective heirs, legal representatives, succeswrs and ass'gns of the partiet hereto.
And said Mortgagors, fw themselves a~d their hein, legsl repreuntatives, succeuors and aui9ns, hereby jointly and severally covenant and agree
ro and with the said MCRiGAGEE, its successors ar?d as:igns: -
1. To pay al! and ain9ula~ ihe principal snd interest ~nd thE var'rovs and sundry sums of money payable by virtuc of said promissory note, and this
mongage, each snd every, promptly on the days respect~vely the same severally become due.
2. To pay all •nd singuls~ the taaes, asussments, levies, liabilities, obligstions and encumbrances of every nature and kind now on said descr;bed
property, w that hereafter msy be impo~ed, suffercd, plxed, kvied, or iuessed thereon, p thst heresfter may be levied a asseued opon tbis Mortq-
age, w the indebtedness secured hereby, each and every, when due ~nd psyable, eccording to law, befwe they become delinquent, ~~d before sny i~terea
attaches a any penalty is i~curred; AND INSOfAR AS ANY THEREOf tS Of RE~ORD THE SAMf SHAIt 8E PROMPTLY SATISFIED ANp DISCHARGFD OF
RFCORD AND THE ORIGIIVAL OFFICIAt DOCUMENT (SU~H AS, FOR INSTAN~E, THE TAX REtE1PT OR TNE SATISFACTION PAPER OFFICIALLY ENDORSE~
OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN ~AYS NEXT AfTER PAYMENl; and in tlx event thst soy tFroreof is not
paid, sat'sfied and discharged sa'd MORTGAGEE may at any time pay the same or any part thereof withovt waivirg or af~ecting any option, lien, equity a
•~qht under w by virtue of this mortgage and the fuli amo~nf of each and every such payment shall be immediately due and payable snd shall besr interest
i~om the date thereof until psid at rate of n~ne per ~entum per annum and together w~th s~ch interest shatl b~s~~ e lie F~t~~~gtage.
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