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Home My WebLink About0607 23'~686 TH15 INDENTURE, Made the Sth day of SePtember , A.D. 19?? between _ Keliv Constructian Co~panya a Florida Cor~oration _ of $t. L.UCie Couny flaida, he~einaitm desg~ated ~a the "MORTGAGOR," and FIRST FEDERAL $AVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corpwation uganized and ea~sting unde~ the laws oi ths Un~ted Statas of America snd Mvin~ its priocipal place of bus+neu in the City of Fut Pierce, St. lucie Covnty, florida, hereinaiter designared as tM "MORIGAGEE." WHEREAS the MORTGAGOR i~ j~~tiy iadebted W the MORTGAGFE in the sum of s 29...~ 700. 00 , good and lawful money of the Un+ted . S~ates advanced by the MORTGAGEE unto the MORTGAGOR, as evidrnced by a cenain promissay note oi even date herewitb, of which the foliowing in -i~ words and figurcs is a trus copy, to-wiR ~ s29,700.0U ~ 1Q0187T5 Fo.t P~erc.. Flwida, September S, 19 72 ~ fo~ vatue received, we or ei?hes of us, prom~se to pay, w~thout de(alcat~on, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fc+rt Vierce, Florida, the sum of j Zy + 700• O0 w;th interest from date at the rate of 7• S°ro per annum, in monthly install- menrs as follows: = 220.0~ ISZ ~y ofJanuary ~9 73 and a like sum on the correspond~ng day of each month there- ~ after until the whole be fully paid. ~ ; Each installmenl first shall be applied in payment ot the inrerest and then on the unpaed balsnce of the principal sum. If d ault is made in the ~ payment of any installment when due, and such defau~t continues 30 days, the~ at the option of the hotder, and without aey other notice, all the remaining ' ~ ~nstal(ments shall be due and payable at once. Privilege is given to prepay fhis note in wFwte w in part at any time without penalty. Ne;the? forebearance, , l ro~ acteptance by the holder the~eof after any default in any payments hereon, shatl be deemed extensivn. A late payment charge of S 11 •0O, shall be ~ added to each ins~ailment rema;n;ng unpa~d 7 days after its due date, a~d s like sum shall be rddzd to each such ins~allment remaining unpaid T days after i eath autceeding payment date. 1 Each maker, surety and endorser hereof, jointly a~d severa~ly, waives demand, presentmenf protest and notice of protest fo~ nonpayment, and further ~ agrees to any extension of rime of payment, e;thes before or aiter maturity, without notice to any of us; and to pay all costs of collection, includ~n9 a ` reasonable attorrtey's fee in the event of any default he~eunder, and hereby severally waives all benelit of homestead and exemption under the tonstitution and laws of each State of the United States, as against this obtigation w any extension o~ renewal hereof. w~t~ess the hand a~d ieal of each Pa.ry. KELLY OONSTRUCf ION COMPANY BY: s/ Kelly Hall, President ~Aq Corporate Seal Affixed tsenu (SEAL) ~ $44 . SS ~ $tate Revenue (~U (Stamps tantelled on aiginal note) NOW, 1HEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 29 ~ 700. 0~ , a~d the performance of the ccvenants and agreements Fxre~nafrer expreued, and fw d~vers good aod vstuable considerations, by thtse presents, does grant, barpain, sell, rem~se, reiease, conrey and confirm unto fhe MORTGAGEE, its svccessors and iuigns, aU ihat certain bL piece ot partel of land, situate, lying, and being in the Couny of St. Lucie and State of Florids, deuribed as follows: e Lot 12, Block 2, ORANGE BLOSSOM BSTATES, SECOND A~'AITION, SECOND PLAT, as per plat thereof on file in Plat Book 16, page 14, of the Public , Records of St. Lucie County, Florida, STAT o~ FLORIDA~ °O DOCUMENTARtf r~, tAMP 1 A X ~ eE1lE11uf ` ` i RECpM~ ~ -~yG iO ~gt.4s _ OF e _ R~. ` SEP-~~ ~ ~ ~ ~ ~ ~ ~ 'C ~M~~!BL:!°:~„~;'+w~ - ~t~~0! " ~R»•~~ACiS OF 19)l.~ ~ t~~nc d~ds? oou~r, sr. u?aE o0. ~ ; ~ _ rogether with ~II snd singular the tenements, hereditaments ~nd app~rrfances thtreunto belongirg or in anywise appertaining tl?ereto, ~nd all rents, issues, pr«eeds and proiits acc?uing and to acuue from said promius, all of which ~re includrd in the above and fwegoing descriptan ~nd habendum. TO HAYE AND TO H4lD the above destribed and granted premises unto the said MORTGAGEE, its t~ctessors and assiyns fotever. And tlr s~id MORTGAGOR fw 1 t 5 heirs, executors, ~dministrato?s and assig~~, hereby covenants with the s~id MORTGAGEE, its tutcesaors and assiyn~, , ~hat - i t 15 ~awfully u~zed of the said prem~ses i~ fee simple; thst ths s+me +re free, ck~r ~nd dixi+srged from sit liens ~nd encvn? brantes i~ law or in equity, and that 1 t W~~~ 1 L 5 heirs shall w+rranf ar?d defend the tifle to the same to the s+id MORTGAGEE, its successors and sssigns, forever againtt the lawful claims and demands of all perwrtf; PRQVIDED, AlWAYS that if the MORTGAGOR ahall pay umo tt~e MORTGAGEE the promissory note hereinbefore dewibed and ihall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by esch ~~d every the stipulations, agreements, ca?ditiont ~nd covenanh of taid promisswy note snd of this Mortgage, then this Mwtgage and the Estate hereby crested shall ce+se and be null snd void. IT (5 UNDERSTO00 that the word "AAor?yagor" whefher in ti+e singular ot plural anywhere in this Mortg~qe, sh~ll be sinpular if one only and ! shall be plural jointly and severally if more than one, and that the word "their" as vsed anywhere in ih~s Mortg~ge shsll be t~ken to m.ean "his;' "hen;' ' or °its;' wherever the context w implies a admits. Also, that wherever there is ~ roference in the covenants end sgreemcnb herein contained to any of ! rhe pa~ties hereto, the same shall be construed ro mesn ss well sa the hein, legal representatives, successws and assigns (either voluntary by sct of the parties ot involuntary by operation of thr Iaw) of the same and that the covenants herein contained shalt bind and the benefits and advantapp inw~ to tFx respective heirs, tegat representative~, successws u~d au'gns of the parties hereto. And said Mwtgagon, fa themselves and their he'ws, legal reprexntatives, successors and assign~, hereby joinlly and sever~lly coven+nt and ayree ro and with the said MORTGAGEE, its successors snd assigns: 1. To pay sll and sinyular the principal and interest and the vario~s and sundry wms of money payabte by virtue of said promiuory note, and this mortgage, each and every, prompNy on the day~ ~espectively the same severally become dus. ~ 2. To pay all and iingutar the tixes, asussments, levies, tiabilities, obligatw~s and ltKUmbr~MH of every nature a~d kind now on said dssvibed E property, a that hereafter msy be im~wsed, ~uffereA, placed, levied, or auessed thereon, ot thst hereafter m~y be levied w assessed upon this JNortQ- ~ age, a the indebtedness secured hereby, exh and every, when dve and payable, xcwdirg to Isw, beforo they txcome delinquent, and before any interest i attaches or any penalty is inturred; AND INSOFAR AS ANY THEREOF {S OF RECORp THE SAME SHAlI BE PROMPTLY SAiI5F1ED AND ~ISCHARGEU OF ~ RECORD AND iHE ORIGIWA~ OFFICIAL DOCUMENT (SUCH A5, fOR INSTANtE, THE TAX RECfIPT QR THE SATISFACiION PAPER OfFIC1AllY ENDORSEO ~ OR CERTIfIED) SHAL! BE PLACED IN THE HANDS Of SAIO MORTGAGEE WIiHIN TEN DAYS NEXT AFTER P/~YMENT; and in the event thst any thereof is not paid, saYSfied and discharged sa:d MORTGAGEE may at any time pay the same or a~y parf ~hereOf without waiving or affecting any option, lien, cquity a •i~ht under o~ by virtue of this mortgage and the full amount of each and every such psyment shall 6e immediately dve and paysbk and shall bear interest ~rom the date thereof until paid at rate of n~ne per centum per annum and together w~Jh ~ycFy,~ry~.~t shal~~l be s~c~e~by the lien of th:s mwgts9e. BUGK r~iv 'rA c ij : : ~ ; - - , L: _ . ~ _ . ,a. ~ .