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Home My WebLink About0505 23`7619 ~ , THIS IN~ENTURE. Mad~ ,ne 6th d+y of September a.p. 19 72 ~tW~~ John B. Park and Audrey •F. Park, his wife • . of St• T..UC1@ County florida, F~ereinafter designated ss the "MORTGAGOR;' and fIRST iE~ERAt SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, • corporation wyanued and existing u~der ~he laws of ths United St+~~i of Ame~ica and haviny ita pri~cipal placs of buiirNS: in tF~ City of Fat Pieic~, St. l~cis Covnty, flaid+, hereinafter d~signatsd ~s tM "MORTGAGEE." WHEREAS tM MORTGAGOR is 'vitl indeb~~d to the MORTGAGfE in the wm of : 7 5~~~ ~ ! y , good and lawful mo~ey of the United ~~.c S~ates advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promissory note of even date he~ewith, of which tha followinp in s words and figures is a true copy, to-wit: ' ~ jQQj$'780 ~ : 7 5, 000.00 ~ Fort Pierce. Fio.;da, _September. 6 19 7~_ for value received, 1, we w eitAe~ of us, prom~se to y, without defalcation, to the order of FIRST FEDERAI SAVINGS ANp IOA~I ASSOCIATION aF FORj PIERCE at Fort Picrce, Florids, the sum of = 7 5~~•~ with i~terest irom date at the rate of 8 % per annum, in moni~ty inslaii- me~ts as follows: = 812.~0 on the 15t day of November ~~9 72 snd a(ike sum on the carespond~rg day of each month ther~- after until the whole be fully paid. ~ Each installment fi~st shall be a lied in ment of the interesl and then on the un aid balance of the j pp paY p principal sum. If d a~lf is made in 1he payment of any installment when due, and such default continues 30 days, then at the option of the holder, and without ~~y other notice, all 1he remaining fniealtmems shail be due and payabte at once. Privilega is qiven ta prepsy fhis rate in whole or in part a1 ~ny time without penalry. Neither fwebearance, nor acceptance by the hotder thereof after any default in any paymeMS hereon, shsll be deemed extension. A late payment charge of f`~ • 6O shall be added to each insta~lment remaining ~npa~d 7 days after its due da1e, and a like sum shall be added to each such installment remaining unpaid 7 days after each succeeding payment date. j Each maker, su~ety and endaner hereof, jointly and severally, waives demand, presentment protest and notice of p.oteit fw nonpayment, and further ~ agrees to any extens'wn of time of payment, aither before w aiter maturity, wi~hout notice to any of us; and to pay all costs of col~ection, includ~ng a ~ reasonable attaney's fee in the event of any detauit hereunder, and hereby severalty waives all be~efit of homestead and exemption under the constitution a~d laws of each State of the United States, as against this obligation or any extension or ~enewal he~eof. _ Witness the Fwnd and ;eal of each party. csea~ E _S John B . Pa rk ~i~ ~ (s~?U ' $112 50 s/ Audrey F. Pa rk i ( • ) Stste Revenue .(Ssu~r+ps-uou!!~d a? origiwal .awta- ~ ~ NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 75~~~•~ ~ and the perlormance of the 3 covenants and agreement~ hcreinafter expressed, ind fw divers good and valusble considerations, by these PfMM~i, does grant, bargain, ull, remiu, ~ release, conrey and confirm unto the MORTGAGEE, its ~uccessors and ~uigns, all that cert~in lot, piece or psrcel of I+nd, situate, lying, and being in the ~ St. I.11CiQ and State of Florida, dcwibed ~s follaws: ~ I.ots 1, 2 and 3, Block 9, BILTMORE PARK SUBDIVISIC3N, as per plat thereof recorded in Plat Book 4, page 52, ~ public records of St. Lucie County, Rlorida, ; , i ~ ~ s ~ " S~A o~ FLORIDAI : ~ oOCVMEN ARr SiAMP tAX ~ : ~ y tO OEPT. oi RErENt1E ~ F o _ ~ = ! ! 2. ~ 0 ~ ~,d ~ t~ ~ ~ ~ ; ~~rot a ~ - ~ $ V • _ ~ . . . . - ~i~J~'~ ~p~, ~ l~" ( 6'f ~ ~ ~ ~eo~~ : . . i ? R rogether with all and singular the tenements, hereditaments and ~ppurtances thereunto belo~gir~y a in ~rrywise apperqininp tf~e?ato, and ~II renri, iuues, ~ proceeds and profiti xuuing and to accrue from said premixs, sll of whid~ ue included in the abov~ and fae~arg description and hsbendum. ~ s TO HAVE AN ti QF~OLD th~ above described and granted premises unto the said MORTGAGEE, iri suaessws u~d stsiyin fwever. Md f!w aid ~ MORTGAGOR for r~ hein, executon, administratws and augns, hereby covenants with the said MORTGAGEE, itt aucteuus and assiym, ~ th~ are ~hat lawfully teized of the said prcmises in fee simple; thsf the sams are fr~e, tkar and d'atharQed from all liem and encum- brances in law or in eqvity, and that t ey will ard their hein sh~ll w~?r~nt +nd defend the title to tha s~ms to the s~id ~ MORTGAGEE, its successors and auigns, fwever ayainst the lawful daims and demsnds of all persorq; ~ PROVIDED, AlWAYS that if the AhpRTGAGOR ~hall pay uMO tM MORTGAGEE tht promisswy note hereinbefp~ destribed ~nd shall truly, promptly i and fully perform, d~uMarge, execute, complete, compfy with a~d abide by each ~nd every the stipulatlau, apreements, cenditions and covenanq of s~id p~omiupry note and of this Mortgage, fhen this Mwtgage and the Estate hereby uested shall cease and be n~ll and void. IT IS UNDERSTOOb tMt the word "1Mortgagw" whethe? in the singular w plur~l ~nywhere in this Matgpe, thell be sinp~lu if one only and shall be plural jointly ~nd seve~ally if more than one, and tMt the word "their" as used anywhere in this Mwtgsga shaN be taken to mean "hia:' "hen;' or "it~;' wl~erever the context so implies or sdmits. Also~ythat wherever there is a reference in rhe coven+nn ~nd syreemenn here~n con~ained to •~y of ihe pa?ties herefo, the same iF+all be consnued to mean as well ~s the heirs, kgal r~preientatives, successors and asiiy~u (eifher vof~ntary by +ct of th~ parties a involuntary by operation of the law) of the same and that tF~e covenants he~ein contained shall bind and the be~efits ~nd advanfayp irwn to the respective he'us, legal representatives, sutcessors and au°gns of the psrties hereto. Md ssid Mortgagon, fw themselves and their hein, legal rep?ese~tatives, wtceswrs and auigns, hereby jointly and severally covenant and ayree ro and wifh the said MORTGAGEE, its successws and auigru: 1. To pay elt and singvlar tht principal and ;ntere~t tnd the variovs and sundry sums of money pay~ble by virtw of ssid promissory note, and th3s mortgape, each ~nd evary, promptly on the days respedively the same sever~lly become due. 2. To pay ~II ~nd singvlu the taxes. ~ssessments, levies, liabitities, obli9stions ~nd encumbtsncet of every nature and kind now on said desuibed , propery, o~ that hereafter may be imposed, suffered, pl~ced, ievied, w~uesscd therson, or ti~a? hereafter may bs lev;ed a usessed ~pon tF?is Morty~ s age, a 1M indebtedneu tecured hereby, e~ch and every, when dve and payable, aawdi?~p to law, b~fore they becane delinquem, and before any int~res~ i atrathes o~ any penalty is incurrcd; AND INSOFAR A$ ANY THEREOF IS OF RKORD THE SAME SHAII BE PRONIPTIY SATISfIED ANO DISCHARGED Of RECORD AND iHf ORlGINAL OFFlClAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED OR CERTIFIEO) SHAII BE PtACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENI; and in the eve~t thst any thereof is no~ 3 paid, sst sfied and diicharged sa:d MORTGAGEE may at any time pay the same w a~y pan the~eof without waiving w affectiny ~ny optia?, lien, eqvity a •~qht under w by virtue of this mortgsge and the full amovnt of each and every such payment shall be immediately due and payable and shsll bear interest ~rom tFro date thereof until paid at rate of nine per centum per snnum and together with such interest sMll be xcu~ by tl~e lien of th:s mor9faye. ~~aK 2a6 Pa~ 5~~ ~ ~ z~:.:. ar - - - ~ ~ ~ ~ w.__. ~