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Home My WebLink About0609 . ~c.s rb~s-~ ' ~ ~ iHIS iNDENTURE, Mada the Sth dsy of Septembez A.D. 19?? between _ Kell~r Construction Company, a Florida Corporation of St . Lucie ~~~ty Flwida, he?einafter designated as the "MORTGAGOR;' a~d fIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a corpwatio~ uga~i:ed and exi~ting under ths laws of the United Sutos of America ar+d Mviny its p?incipal piace of busineu in the City of Fat Pierce, St. Lucie County, Florid~, hareinafter designated at tM "MORTGAGEE." WHEREAS the MORTGAGOR is jvstfy indebted to the MORTGAGEE in the sum of ;2~s_~~• O0 , good and lawiul money of the Un~ted States advanced by the MORTGAGEE unfo the MORTGAGOR, as evidenced by a certain promissory note of even date herewitb, of which the fotlowing in words and figvret ii a true copy, to-wit: ~ s 28,000.00 ~ 10018774 Fort Pierc~, florida, September 5~ ~q~ For value ~eceived, 1, we w either of us, prom~se to pay, withouf defatcation, to 1he order of FIRST FEUERAI SAVINGS AND LOAN ASSOCIATION OF ~ FORT PIERCE at Fort Pierce, Fbrida, the sum of =2~ ~ 000• 0O with interest from date at the rate of _ 7•~o pe? annum, in monthly insta:b ments as fotlows: s 207 . 00 ~ 15 t day of Januar y ,~9 73 and a like sum on the corresponding day of each month there- after un~il Ihe whole be fully paid. Each installment first shalf be applied in payment of tha inrerest and ehen an the unpaid balance of the principal s~m. If d ault is made in fhe Fayment of any installment when due, and such defautt continues 30 days, then at the option of the holder, and without any other notice, atl the remaining Installments shail be due and payable at once. Privilege is given to prepay lhis ame in whote or in part at any time w+thovt penalty. Neither forebearance, T` no~ acceptante by the holder thereof after any defau(t in any payments hereon, shall be deemed extension. A late payment charge of s~ ~_,35 shall be Y~ added to each instaUment remaining u~pa~d 7 days after ib due date, and ~ like sum shall be added to each such installment remaining unpaid 7 days after ; each succeeding payment date. Each maker, surety and endorser hereof, jointty and severally, waives demand, presentment protest and notice of protes/ fo? nonpayment, and further ~ agrees fo any eztension oi time oi paymenf, either before w after maturily, wifhout not+ce to any of us; and to pay a~l costs of tollection, includirg a reasonable attomey's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemplion under the tonatitutiw~ and laws of each State of the United States, as against this obligation a any extension u renewal hereol. ~ ~ w:r~ess the ha~,d and seal ot each pa~~y. KELI,Y CONSTRtJCT ION COMPANY BY: s/ Kelly Ha11,President (SEAI) Corporate Seal Affixed ~u ~ $42. 00 ~ State Reven~e i~~p~+~dl~o~+o~ awtd NOW, THEREfORE, the MORTGAGOR for the purpose of securing payment of ssid sum of S 2~ and the perfwmance ot ths covenants and agrecments hereinafter expressed, and fw d~ve~s good and valueble co~s+derations, by these prescnts, does grant, bar9ain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and auigns, all thst certain bt, piece or parcel of land, situate, lyiny, and beiny in 1hs Couny of St . LuGiC and State of Flo~ida, dew~bed ai follows: S Lot 11, Block 2, ORANGE BIAS50M ESTATES, SECOND ADDITION, SECOND PLAT, as ` per plat thereof on file in Plat Book 16, page 14, of the Public Records of St . Lucie County, F2orida, < ~ S-fA't- o~ F S~MP~p' ~ „t ppCUMEN~AR . ~ iN ~ ~ tr 's' oEPt. Of REYENUE ~ ` j ~ ON C1ASS'C INTANGIBLE PE'?SONAL PpQppt s~ ° - ~ Sfa-t'1! ' : 4~ Q~~ W~&~f ~ CNAP?Eo ti.r~s_ u•Tc ~c 141L ~ j~ ~'n O ~ ? ~ ~ ~~p ~tr}.~i ~ ' =t o 2 C L F R K C I h C U I T C O U R i, St. t~1CiE 00., Fl/~ I Q ` ~ ! ~ I ~ f ~e F E fogether witF~ all and singular the tc~ements, hereditaments and appurtances thereunro belonging or in anywite ippertaininy thereto, ~nd ~II tents, iuues, ~ p.oceed~ and piofifs sccruing and to sccrue from said premises, sll of w1iKh are included in the sbove and fore9oing dewiption ~nd h+bendum. ~ TO HAVE AND TO HOID the above described and granted p?emises umo the said MORTGAGEE, in succeuws ~nd ~ui9ns foreve?. Md tM ~+id ( MORTGAGOR for - 1 t 5------- heirs, eaetuton, sdministrators and auigni, hereby covenants with the said MORTGAGEE, it~ sutceuw~ snd ~stipro, 's ~hat -it 15 lawfully se~zed of the said premiui in fee simple; thaf the ssme sre free, clear ~nd diuharged ~rom •II liera and sritvm- ~ brances in law or in equity, and that 1 t W;~~ a~ i t 5 hein shall warrant snd defend the tirle to the same to th~ s+Id ! .V.ORTGAGEE, its successors and assigm, forever against the lawf~l claims and demands of all persorn; ~ PROVIDFD, ALWAYS thaf ;f fhe MORTGAGOR shall pay unto the MORTGAGEE the promiuwy note Fxreinbefort described and iFuU truly, promptly and fully perfwm, d~xharge, execute, complete, comply with and abide by esch and every the stipulations, agreements, conditio~s and tovenanq of uid promissory note and of this Mwtgage, then this 1Nortgage and the E~tate hereby vested ihaU cease and be null ~nd void. ; IT IS UNOERSTOOp that rhe word "Mo?lgagor" whetFxr in the s~ngular w plwsl anywhere in this Mortg~ge, ihall be sinyular if one only ~nd shall be plursl pintly end severally if more than o~e, and that the word "their" as vsed snywhere in this Mortgage sh~l) be taken to mcan "his;' "hen," ` or "its;' wherever the context io implies w admits. Atso, that wherever there is a referei+ce in tF~e coven+nts and agreements herein contained to any af ~ The parties hereto, the ssme shall be construed to mean as well aa the heirs, kgal represenqtives, succrsson and ass"~gns (eifher voluntary by ad of tM ~ parties w involuntary by operat"an of the law) of 1he ssme snd that the covensnts herein tontained shall bind and fhe benefit~ and advantayes Inure ~ ro the respective heirs, kyal represenrative~, successors ~nd su~gns of the parties hereto. And :aid AM1on9sgors, fw themselves and their heirs, legal represematives, successors and auigns, hereby jointly and severally coven+nt and ~pree g ro a~d with the w~d MORTGAGEE, its tuccessas and sugns: ; 1. To pay all and ~ingulsr tFx principal and interest and the vsrious and sundry sums of money psyable by vi~tue ot uid promissory note, snd tbis ~ mortgsge, each and every, promptly on fhe days respectively the ssme severally become dve. s 2. 7o pay al) and singulsr the uxes, ~sussmenb, levies, Iiabilities, obligatans and encumMances of every neture and kind now o~ said dewibed ~ property, w that hereaher may be imposed, suffered, plsced, kvied, or assessed thc~eon, w fhat hereafter may be levied or ssutsed upon this MatQ- ~ age, a the indebtedneu secured Ixreby, each and every, wMen due and payable, accudin~ to Isw, befae they become delinquent, and befwe •ny interesl arraches w sny pe~alty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORD iHE SAME SHAII 8E PROMPTIY SATISFIED AND DISCMARGE~ OF E RECORO AND THE ORIGINAI OFFICIAL OOCUMENT (SUCH AS, FOR IfYSiANCE, iME TAX RfCE1PT OR THE SAIlSFACTION VAPER OFFICIALIY ENDORSECI z OR CfRi1F1E0) SHflIL BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and i~ the event thst any thereof is not ~ paid, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the same or any part thereof without waiving w affecting any option, lien, eqvity or E ~~pht u~der w by virtue of this morrgage and the ful! amovnt of eacb a~ erery such payment ~hall be immediately due and psyable and shall besr inte?est ; 4 ~•om the date thereof.until paid at rate of nine per centum per annum and together ~1 s h interest sMll be secured by the lien of th:s mw9taye. i s ~~:'~0~ ;~~c~ 608 ~ . ~ -