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Home My WebLink About0232 1 - - 23'7441 THIS INDENIURE, Msds the ~~th day of August A.D. 19 72 betwcen Frederick D. McGrath and Anna M. McGrath~ his wife of $t • LuC i@ , County florida, hereinaita designated as the "MORTGAGOR." and F1RST FEOERAL SAVINGS AND IOAN ~ ASSOCIATION OF fORT PIERCE, a co~poration or9~ni:ed and exis~ing under the IaMn of the United Statas oT An?eric~ and havinp its principal place of ~ b~siness in ~M City of FoN Pi~rce, St. lucie County, fiorida, hereinai~er de~ipnated a~ ths "MORTGAGEE:' WHEREAS ths MORTGAGOR is justly indebted to the MORTGAGEE in ths sum of s 26 ~ 600 , good and lawful money of ~he Un~ted f States advanted by the MORTGAGEE unlo the MORTGAGOR, as evidenced by a certain promisswy note of even date herewith, of which the following in words snd figures is a true copy, fo-wit: ~ 26,600.00 ~ 3-18.660 Fort Pierce. Flwida. August 10~ 19 72 ~ t Fw value received, 1, we o? ei~he? of us, p~om~se to pay, without defalcation, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERGE at Fort Pierce, Ftorida, the sum of S 26 ~ 600' ~ with interest from date at the rate of 7• S% per annum, in monthly install- ~ 197 00 ist October 72 - ments as follows: S • on the day of , 19 and e like sum on the corresponding day of each month there- after vntil Ihe whole be fully paid. Each installment (irst shall be applied in payment of the interest and then on the unpaid balaoce of the prindpal sum. If d ault is made io ths S Fayment of any installment when due, a~d such defa~lt mntinues 30 days, then at the option ot the holder, and without any other notice, all tht remaining ~ ~nstallments shall be due and payabte at once. Pr~vi~ege is given to propay this note in whole or in part at any time without penalty. Neither faebea~ance, ~ ~ nor acceptance by the holde? thereof after any default in any payments hereon, shall be deemed extens~on. A late payment charge of s 9• 85 shalt be added to exch installment remaining unpaid 7 days after its due date, and s ~ike sum shall be added to each such instaflment remaining unpaid 7 days after i ~ each sucteeding payment date. ~ Each maker, surety and endorser hereof, jointfy and severally, waives demand, presentment protest and notice of protest for nonpaymenl, a furt r , agrees to any extension of time of paymcnt, either before or after maturity, without notice to any of us; and to pay all costs of collection, includirg a re;,sonable attorney's fee in the event of any default hereunde?, and hereby severally waives all benefit of homestead and exemption under the constitution and laws of each State of the United States, as against this obligation w any eatension or renewal hereof. ~ Witness the hand and ual of each party. ~ rederic D. Gr (SEAI) csEa~) - Anna M. rath ~~i~ ~ v ~ ~ (SE~U ` ~ $39.9~ ) State Revenue 26 600 00 NOW, THEREFORE, the MORTGAGOR fw the purpose of secvring ~sayment of said sum of = ~ ' and the pe?fortnence of ths covenants and agreemer+ts hereinafter eapreased, and fw divers good a~d valusbl¢ conslderstions, by these presents, does grant, bargain, sell, remise, release, tonvey and coniirm unro the MORTGAGEE, its succeuors and assigns, aIl that certain lot, piete or parcel of land, situate, lying, and being in ths County of $t . Luc ie ~~d State of Florida, described +s followi: Lots 17 and 18, Block 17, RIVER PARK, UVIT #2, € . t a Subdivision according to the plat thereof re- 3 corded in Plat Book 10, Page 72, of the public ~ ; records of St. Lucie County, Florida. ~ I t , i ~ i ~ ~ - ~ I ~ i ~t SaJ~ # ~ STA1 ~ E~F F L U R 1 lU A o _ L„ , ; -DOCUMEU7A~A STI,t~IP TAX ti^, t•:.~~ ~c h J a c SEP-S'72 d~'~ _ ~ h~ ~'c ~ L` r~~ ~ _ ~ ~ 3 8 9 0 ~ . g~.'.~'~' ~ .t.n 1,~t~'~~ ~4. ~ F - . ` - ,I a ~H~~ `R t 1.V" / (p V ut~t.o~ e[rt~E _ ~ P.9. ~9c~ ~t ~ .-~"_'r-.-- - f A~~ t ~c . W ~`~~~1(t~ ~ : together with all a~d singular the tenements, hereditamenq and +ppurt+~ces thereuMO belonging w in snywise appertaining ihereto, and dl renri, iuues, pr«eeds and profiri acuuirg snd to aarue from said premise~, all of which are irxluded in the sbove snd fwegoing description a~d Mbendum. TO HAVE AND TO HOID the above detcribed and granted premises ~nto the said MORTGAGEE, its succeuon and auigns foreve~. Md the said MORTGAGOR for their executors, administrsto~s +nd assigns, hereby covensnts with the s+id MORTGAGEE, iri successors and ~isiyrn, rhat th~ are ~awfully xi:ed of the said premises i~ fee simple; that the same are frae, clear a~d discFarged from all liens and encum~ i ~ brances in law or in equity, and that t~y W~n a~d their ~~n s~~~ W~rrant and defend the title to tFx ame to the ~aid 3 ~ MORTGAGEE, in succeuors and auigns, forever against the lawful claims and demsnds of all persons; PROVI~ED, ALWAYS that if the MORTGAGOR shall psy uMO the MORTGAGEE the promissory note hereinbefore dewibed ~nd sh~ll truly, promptly ~ and fully perfwm, dixharge, e:ecute, compkte, comply with and abide by esch and every the stipulations, spreements, conditions and covenants of taid " promissory note and of this Mortgage, the~ this Mortgage snd the Esrote hereby aested thall cease and be null +nd void. - IT IS UNOERSTOOD tMt the word "Mortyagor" whether in the singular a plura) ~nywhere in this Mwtys~e, shal) be tinyvlar if one only and ` ~ shall be pl~ral jc+intly snd teverally if more tMn one, and thst the wad "their" as used anywhere i~ this Mortgsge sMll be takm to mean "his;' "hen;' ~ ' or "its;' wherever the ca+text w implies w admits. Alw, thst wherever there is • reierence in the covenanb and agreemenn herein contained to any of ~he psrties hereto, the same ihall be construed to me+n as well si the hein, kgal representatives, successors snd assi9iu (either wtuntary by act of tM parties or involuntary by operation of tFx law) of the sune and that the cove~ants F~erein contained shall bind tnd the benefits and advanbyes inu~e to the respective heiri, legal tepresentatives, successors and au'gns of the parties hereto. ~ And said Mortgagws, for themselves and their heirs, legal reprexntatives, succeuors and assigns, hereby jointly and severally covenaM and ayree ra and with the ssid MORTGAGEE, its succeswrs snd auigr?s: ~ l. To pay all and singular the principal and interest snd tMe vario~s snd sundry sums of mo~ey psyable by virtue of said promissory note, and this ~ mwtgsge, each and every, promptly on the days respectively the ssme severally become due. ~ 2. To pay all and sinpuler the uxes, assessmenn, levies, liabilities, obligatans a~d erKUmbrances of every natun and kind now on aid described property, p tF~at hereafter mey be imposed, s~ffered, Placed, kvied, a auessed therco~, ot that haeafte~ msy be levied or usessed upon this Mort¢ age, a tM indebtedneis secured hereby, e+ch and every, when due and pay~ble, accwdirg to law, before they become delinquent, and before ~ny interat atraches or any penalty is inturred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAtI 8E PROMPTIY SATISFIED AND ~ISCHARGEO OF RECORD AND THE ORIGIhfAI OFFICIAI DOCUMENT (SUCH AS, FOR INSiANCE, iHE TAX RECEIPi OR THE SATISFACTION PAPER OFFICIAIIY' ENDORSED OR CERTIFIED) SHAII BE PIACED IN iHE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and i~ the evenf that a~y thereof is not ~ pa~d, sat'sfied and discharged sa:d MORTGAGEE msy at any time pay the same w any part thereof without waiving w affecting any option, lien, equity a •~qht under or by virtue of this mortgage and the full amount of each and every such payment shall be immcdiately due and payable snd shall bear interat F•om the dafe thereof until paid at rate of n~ne per centum per annum and together w~th such interest shall be secured by the licn of th:s mor9ta9e. B"RY ~n~ F~f~ z . _ _ __3.~. . _ . _ ~ ~.:~r : ,