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Home My WebLink About0242 . 23~446 THIS INDENTURE, Mads the 24th day of August • A.D. 19 72 between Kenneth R. DreM and 6velvn L. Dret?. his Nife af St. Lucie ~ , Cpunty Fiwida, hereinaiter desgna~ed as ~he "MORTGAGOR;' and FiRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF fORT PIfRCE. ~ corporation organised and exiating under the laws of the Un~ted S~ai~i of America and fiaving its principal place of busineu in ths City of Fwt Piace, St. lucie Couny. F~orida, ixreinaftar designated ss ths "MORiGAGEE:' WHEREAS the MORTGAGOR is juslly i~tlebted to the MORTGAGEE in the sum of S 21l6~'00 g~od and lawful money of Ihe Un~ted States advanced by the MORTGAGEE un~o the MORTGAGOR, as evidenced by a certain promissory no~e of even date herew~th, of wh~ch ~he following in words and (igu~es is a true topy, to-wit: s 21s600.00 _ No 10018713 fort Pierce, Florida, AUyL1St 24 ~q 72 fo~ vatue received, 1, we w eithcr of us, promiu to pay, without defa~cat~on, ~o the ordr~ of FIRST FEOERAL SAVINGS AND LOAN ASSOCIATION OF ' fORT PIERCE at fwf Pierce, Fbrida, the sum of S_ 21 ~6~~00 w;th interest (rom dare at the rate of7 ~ S :•o per annum, in monthty inslall- ~rents as follows: S 175'~ on the 15t day cf December ~972 and a like sum on the correspond~ng day of each month there- \ _ after uMil the whole be fully paid. _ , Eath installmenf {irst shall be applied in paymenf of ~he inlerest and the~ on the unpaid balance o~ the prinupal sum. If d ault is made in the , ;~ayment of any installment when due, and such dtfauh continues 30 days, then at Ihe option of the ho~der, and without any other nohee, ail the remaining ~nstallments shall be due and payable at once. Privilege is g~ven to prepay ihis note in whole or in part at any time withaut penatty. Neithef forebearance, nor acceptance by the holder thereof af:er any default in any payments hereon, shall be deemed extension. A late payment charge of S 8~75 shall be , added to each installment remaining unpa~d 7 days after its due date, and a like sum shall be added to each such insrallmeM remaini.~g unpaid 7 days a(ter each sucteeding payment date. Each maker, surety and endorser hereof, joinlly and severally, waives demand, presentment protest and norice of protese fw nor:payment, and further agrees to any extension of time of payment, either before or after maturity, without not~ce to any of us; and to pay all cos~s of collertion, includ~ng a reasonabk attorney's fee in the event of any default hereu~der, and hereby severalty waives all benefit of homestead and eaemption under the constitution ~ and laws of each State of lhe United States, as against this obligation w any exrension a renewai hereof. ~ Witness 1he hand and seal of each party. ~ S/Kenneth R . Drerv {$EAl) (SEAI) . S/Evelvn L. Dre~r ~s,~~ ~ . T $ 32 . 40 c~+u ( ) State Revenue Y NOW, 7HEREFORE, the MORTGAGOR fw the purpose of securing payment of said sum of s 21 ~ 600 ~ 00 _ a~ the performance of the ~ covenaNS and agreements hereinafter expressed, and fw divers good ar+d valuable co~s~derations, by these presems, does grant, ba~gain, se~l, remise, release, convey and confirm unto the MORTGAGEE, its succeuors and assigns, all that certain lot, piece or parcel of land, situate, lying, and being in ths County of $t. Lueie and State of Florida, described as follows: Commence at the Southeast corner of Lot 10, thence run West parallel to the North line of Lot 10 a distance of 125.0 feet to a,~oint, thence run North- westerly 136.61 feet to a point at the intersection of Lots 4, 5, 10 and 12~ thence run Easterly along the North line of Lot 10 a distance of 63.71 feet to a point~ thence run South parallel to the East line of Lot 10 a distance of 16.90 feet to a point, thence run Basterly parellel to the South line of said Lot 10 a distance of 157.79 feet to a point on the East line of Lot 10, thence run Southerly along the Bast line of Lot 10 a distance of 80.00 feet to the Point of Beginning. All of the above described lying in and be3.ng a part of Block 173-A~ Unit 12-A~ LAKEMi00D PARK SLBDIVISION~ as per plat there- of on file in Plat Book il, pages 35; 36 and 37 of the Public Records of St. Lucie County, Florida ' ~Y~ l • 1` 1 ` ! ~ { q d • .U ! - w S1AIE~FLORiDA~ ~ - . pOCUMENTA~-"' STAMP ZAX - " • ' J: F' - ; ~ " - ti>• , ~ r.~~ ~ ~ = 5EP-s"?t k, _ : ~ _~:,i t ~:,~t v~,;.. ~ _ =3240= . - ~~'~~~'S` N v uE~r.~F cnrucrE . • ' _ ~ i,.~~ ' ~ ~~~~(t ~J ~ P.B. t9 0~ u=~•...~'~._-- _ c~,,, oc ~r;• rogether with all snd singular the tenements, hereditaments and sppv?tsnces there~nto belonging q in anywise appertaining fherefo, and all rents, issues, proceeds and profin accruing and to accrue from said premises, all of which are irxluded in the above and fsregoing deuription and habend~m. TO HAVE AND LO FIpID the sbove desvibed and granted premises unto the said MORTGAGEE, its successors and assigns forever. And the said MORTGAGOR for thelr ~;?s, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, iri successors and suign~, rhat -they aIe bwfully xized of the said p?emises in fee •imple; tl~at the same are free, clear a~d discharged from all liena and tncum- brances in Isw or in equity, and that they will and their heirs shall warrant arsd defend the title to the ssms to the ssid MORTGAGEE, its sutceuors snd suigns, forever agsinst the Iswful claims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shali pay unto the MORTGAGEE the ptumissoty note hereinbefore destribed and shsll truly, promptly ~ and fully perform, d~uharge, execute, complete, comply wifh snd abide by each and every the stipulations, agreements, conditions and covensnts of ssid ~a promiuwy note a~d of this Mortgage, then this Mortgsge and the Estate hereby veated shall cea~e and be null and void_ ~ ~ IT IS UNDERSTOOD that the word "Mortgagw" whether in the s~rgular w p{ural snywhere in this Mortgsge, shall be singular if one only and shall be plura) jointly and severally if more tMn one, and that the word "their" as used anywF?ere in this Mortgage shalt be taken to mesn "his;' "hen," or "its;' wF?erever the context w implies or sdmits. Also, thst wherever there is a refe?ence in the covenants and agreements herein contairxd to any of the parties hereto, the same thal{ be construed to mran as well ai the hei~s, legal ~epresentatives, successors and assigns (either volunhry by act of the parties w involuntary by operatan of the iaw) of the same and that the covenants herein contained shall bind and the benefits and advantages in~re to the respective heirs, legal repreu~tatives, successors and ass'gns of the parties hereto. And said AM1ortgsgors, fw themsetves and their heirs, legal repreuntatives, s~tcessors and assigns, hereby jointly and severally covenant and agree ro and with the said MORTGAGEE, its s~ccessors and auigns: 1. To pay all snd sirgulsr the printipal and interest and the vario~s •nd sundry sums of money payable by virtue of said promissory note, ~nd this mortgage, each snd every, promptly on the dsys respectively the ssme uverally become due• - 2. To psy sll and singular the taxes, assessments, ievies, lisbilities, obligations and enc~mbrances of every nature and kind now on said described property, or that hereafter may be imposed, suffered, placed, levied, a ~uessed thereon, u that hereafter msy be levied w assessed upon this Mwtp- age, a the i~debtedneu secured hereby, each and every, when due and payable, accwdirg to law, befwe they become delinq~ent, ~nd befwe ~ny iMerese attathes or any per?alty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL BE PROMPTtY SATISfIED AND DISCHARGED OF REGOR~ AND THE ORIGINAI OFfIGIAI DOCUMENT (SUCH AS, FOR INSTANCE, iHE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENOORSED OR CERTIFIE01 SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any the~tof is not po~d, sat'sfied and dischsrged sa:d MORTGAGEE may at any tfine pay the same o? any part thereof without waiving or affecting any option, lien, equity a + •iqht under w by virtue of this mortgage and the full amount of each and every such payment shall be immediately due and payable and shall besr interest ~rom the dete thereof until paid at rate of nine per ceMum per annum and togethe i wph ;~rest shall ~~~red by the lien of th:s morgtage. 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