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Home My WebLink About0240 3 3 23'7445~ ~ THIS INDENTURE, Mad~ the ~ st+ day of September A.O. 19 7? - between John Ls Shepherd and Marv L. Shepherd, his wife of ~Cie County Flaid+, hereinaite~ designated ss the "MORTGAGOR," and FIRST FEDERAL SAVINGS ANO LOAN ASSOCIATION OF FORT PIERCE, a corpaation oryanized and existing unda tM taws of tfie United Sta~as of America ~nd havinp its principal pt~cs of busi~eu ie tFa City of fw~ Piace, St. lucie Counry, Flo?ida, hereinafter desiynated as tM "MORTGAGEE:' WNEREAS tM MORTCsAGOR is j~ttly indebted ro the MORTGAGEE in the sum of = t~•0~~~ , good and lawful money of the Un~ted Sfates advanced by the MORTGAGEE unto ths MORiGAGOR, as evidenced by a cerfain promissay note of even date herewitb, of wh~ch the (oltowin9 in wordi and figures is a t~us copy, to-wit: s l.~~ooo.oo N, ~ oo~ 8769 Fwt Pierce. flwida. SeFtember ~ 19_~ Fw value reteived, 1, we or either of us, prom~ser ~to pay, without defalca~ion, to the order of FIRST fEDERAI SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE at Fat Pierce, Flwida, the sum of i ~ 71~~•00 with interest irom date at the rate of •2 96 per annum, in monthly instal{- ~nents as (ol!ows: i ~ ~ 9•~ on the ~ 3t day of November ~9 ?2 and a like sum on the corresponding day of each month there- after umil the whote be (ully paid. Each installment first shall be applied in payment o( the inte~est and lhen on the unpaid balance of the principal sum. If d ault is made in the F~ayment of any installmenl when due, and such default continues 30 days, then st the option of the holder, and without any other ootice, all the rcmaining ~ns~allments shall be due and payable at once. Privilege it given to prepay fhis note i~ whole or in part at any time without penalty. Nei~t+her~ forebeararxe, , nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment tharge of =~!Z~ sh+~~ be added to each install:nent ?emai~ing unpaid 7 days aitet its due date, and s like sum shall be added 1o each such installment remaining unpaid 7 days after each succeeding payment date. Each maker, surety and endorser hereof, jointly and severally, wa~ves demand, presentment protest and notice of p?otest fo? nonpayment, a~d furfher agrees to any extensan of time of payment, either beiore w after matu~ity, without not~ce to any of us; and to pay all costs of collection, intludiny a reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the conititution and laws of each State of fhe United States, as against this obtigation w any extension or renewal hereof. Witness the hand and seal of each party. ~ s/ John L. Shepherd ~A~~ (SEAI) _ s/ Mary L. She_,nherd ~n~) (~22 • 0 State Revenue ~Au (Sfen~}ss-nneelled ~w ~+:giwsE w~M NOW, THEREFORE, the MORTGAGOR for tht purpose of securing payment of said sum of S and the performance of ths covenants ~nd agreements hereinafter expressed, and for divers good and vatuabfe considerations, by thesa presents, does grant, baryain, sell, remise, release, convey and confirm unto the MORTGAGEE, its tuccessors and assigns, all tFwt certsin bt, piece or parcel of land, situate, lying, and beirg in the County of St. Id1Cle and Stste of Florida, described ~s follows: Lots 7 and 8~ Block 7~ DREkNII,_AND PAR1C SUBDIVISION, } as per plat there of recorded ir. Plat Book 7, Page 38, of the Pu~lic Records of St. Lucie County, Florida W Sit~l~~~FL- ORIDA J z : DOCUMENrAp~k STAMP rAX , k~;:-`-± It ~ _ SEP-5'tt g = ..~~:.ti I F" V - ~L~ V ..,.°•_7`;;s4~~;~ IA LEIT.OF !fti[I~E ~ ~ ~ - / c ,~1= ~~`w~ ~ P.B.~~o~~: _ . D t'~•: ~ -1 i~;,~i"'~~~~,~4. ~ ~ tJ QF> ~~Z. ~ V~\' y,`y'l'~LT Sj ctf . ~ ~ G, 7 ~ ~r,. ' c~~~`1/ V ~ogether with all and aingular the tenements, hereditaments and +ppurtances thereunto belonging or in anywise appe?tainir?p theroto, and aIl rents, iuues, proceeds snd profits atvuing and to atcrue from said premises, all of which are inclvdeJ in the sbove and foreganp destription +nd haber?d~m- TO HAVE AND TO HOlO the above desvibed and granted premises unto the said MORTGAGEE, its s~cteswn and ssiiyns forev~r. Md tM said MORTGAGOR fw f+Y~ heirs, executon, sdministraton and assgns, hereby covenann with the said MORTGAGEE, it~ successors and ~aipro, ~ ihat -~-~e - lawfully xized of the said premises in fee s"unple; that tht same ~re free, cksr and disch~rged from ~II 1'~ens and enctrm- ~ brances in law or in equity, and that they r,,;ii their heirs shall warrant and defend the title to the same to th~ saW ~ MORTGAGEE, its succeas«s +nd assigns, forever against the lawful claims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shsll pay unto the MORTGAGEE the promissory note hereinbefwt described and sh~ll fruly, p~omptly ~ and fully pe?form, diuhsrge, execute, compkte, comply with •nd abide by each and svery the stipubtions, ~yreements, condirions •+~d covenann of sad ~ promissory rate and of this Mortgage, then this Mwtgage and the Estate hereby aeated sh+ll ce~se snd be null ~nd void• ~ IT IS UNDERSTOO~ thst tFro wwd "Mortgagor" whether in the singular or plwaf anywhere in this Morty~ye, shal) b~ sinyular if au only and { shall be plural jointly and seva~lly if more than one, and that tMe wwd "tt~eir" ss used anywhere in this Mortgape shalt be t~ken to mean "his;' "hen;' ~ or "its;' wherever the context w implies w admin. Also, that wherever 1F~ere is s reference in the coven+ntt and agreemenri herein cont~ined to any of - ~ the parties hereto, the same sh~ll be construed to mean ai well as the heirs, legal representstive~, successors snd assi9ro (eitF~er volunt+ry by act of tM ~ ~ parties or invo{umary by operation of tlx law) of the same and that the covenants herein contained shall bind ~nd the benefits and advant~yes inur~ ro the respective heirs, legal representatives, successors and ass~g~s of the psrties hereto. j And said Mwtgsgors, fo? themselves and their heirs, legal representatives, successors and ~ssiyns, hereby joimly snd sevaally covenaM and ayrte ~ ~i ~o end with tFx ssid MORTGAGEE, its successori and assgns: ' ~ 1. To pay all snd s~ngular the prirxipal and interest and the vario~s and sundry sums of morxy payable by virtue of said promissory note, and thu ~ mortgsye. escF~ snd every, promptly on the days respectively the same severaily become dve. Z. To pay sll and sir+9ular the taxes, assessmenn, levies, li~bilities, obligstiaa and encumbr~nce~ of every nsture and kind now on ~aid dewibed ~ , property, w that hereafser may be impoted, suffered, placed, levied, o~ aueued thereon, a that hereafter m~y be kvied w usessed vpon this Mort¢ age, w the indebtedneu secored hereby, esch snd every, when due snd payable, auordinp to Isw. before they becom~ delinqueM, and bsfw~ ~ny i~tereu ; arreches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHALL BE PROMPiLY SATISFIED AND DISCHARGEO Of RECORD AND THE ORI~INAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX REGEIPT OR THE SATISFACTION VAPER OffICIAIIY ENDORSED OR CERTIfIED) SHALL BE PIACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the eveM thst any thereof is not ' paid, sat'sfied and discharged u:d MORiGAGEE may at any time pay the same or any part thereof without waiving or affectiny any option, lien, eq~ity a ~ •ipht under or by virtue of tfiis mortgsge a~d the full amount of each and every such payment shsll be immediately due and payable snd shal! bear interest ' ~rom the date thereof uniil paid at rate of n~ne per centum per annum ~nd together with such int~e~ secured by the lien of th:s moryts~e. 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