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Home My WebLink About0976 ~ 2~~386 ~ THIS INDENTURE. Made the ll:h day of September , A.D. 19 72 between _ Larry K. Drew and Karon S. DreN, his wife of _ $t. Lucie ~~~ty Florida, hereinafter dcigna~ed as the "MORTGAGOR," and fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a corporation organized and existing u~der ~he laws of ths Un~ted S~atQS of Americs and having iti principal plate of b~s~ness io the City of Fort Pierce, St, lucie County, Fla+da, he~ei~aiter des~gnated as the "MORTGAGEE:' WHERfAS ths MORTGAGOR is justly indebted to ~he MORTGAGEE in the sum of s 19~(LQO~,OO , good and lawful money of the Un~ted S!ates adranced by the MORTGAGEE unto the MORTGAGOR, as evidencad by a ceiiain promissory note of even date herewith, of wh:ch the foilowing in nords and figures is a true copy, to-wit: f 19~600.00 ~ 1pp18811 Fort Pirrce, Florida, September 11 ~ 19 72 • Fw value received, I, we or either of us, prom~se to pay, without defalcat~on, to the ordar of FIRST FEDERAL SAVIhGS AND LOAN f.SSOCIATI~t{ pf FORT PIERCE ar For1 Pierce, Florida, the sum of S-1g+6~-•-~ with inrerest from date a~ the rate of7•~ °o per annu~n, in mo~lht;• instatl- •,ents as (oPows: 5--158 s~ on the _ 1~.~ day of N ovembe~_, 19_ and a like sum on the corresponding day of each month ihere- a~ter until rhe who:e be fulty pa~d. • Each instaliment first shall be app~ied in payment of tFie interest and fhen on tl~e unpaid balance of the print:pal sum. I( d ault is made in Ihe ~ e~ment of any installmenl when due, and :uch defautt cont~nues 30 days, lhrn at the opti~~n of the hader, and witho~t any othei not~ce, atl tF.e remaining ,~~sraflmems shail be due and payabte at once. Privi(ege is given to prepay this nole in whole or in part at any time without penalty. Pieither forebearance, no• acceptance by the holder thereof aiter any deFauit in any payments hereon, shall be deemed exrension. A late payment charge of s_?!9O , shall be •d~ed to ezch installment remaining unpa~d 7 days afler its due date, and a hke sum shall be added ro each such installment remaining unpaid 7 days after each succeeding paymem date. Each maker, surety and endoner hereof, joi:~tfy and severaNy, wa~ves demand, presentment protest and notice of protest for nonpayment, and further ~greea to any extension of ume of payment, eirher be4ore or after maturity, wiihout notlce to any of us; and ro pay all costs of coltection, indud:ng a ~~.~sonable attorney's fea in the event af any default hereunder, and hereby severally wa~ves ai{ bo~efit of homestead and exerr.ption unde~ the conslitution ,:~d faws ef each Stare of the United States, as aga;nst this obli9ation w any extension or renewat hereoi. Wnness the hand and seat ol each party. S/Larry K. Drew (SEAI) (SEAL) . S/Karon S. Dre~ csea~) (SEa?U t__,~29.40 i Srate Revenue NO'JV, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of j 19 , 600. ~ _ and the performance of the covenents and agreements hereinafter ezpressed, and for direr~ good and valuable considerations, by these presenta, dces grant, barga~n, sell, remise, •~!ease, convey and confirm unto the MORiGAGEE, its successors and ass~gns, all that certain bt, piece or parcel of land, sit~ate, lying; and be~ng in the County of $t. Lueie , and State of Florida, described as follows: Lot 3, Block 134-A, I.AKEWOOD PwRK - U~tIT I~IO. 10, as per plat thereof recorded in Plat Book 11, pages 29-A, 29-8, 29-C and 29-D, Public Records of St. Luc ie County, Flor ida! ~ ~ pF F 5~ i~AP~ Y; SoCAM N ~2 Q 1 . o~ ~ DEQZ.~~~EVE~ : ~ - ~ a~ ~ ~ o ~ ~Lr ~G S Rf- 1~~ ° ~~~~02 . • • L' (N fAYME1R Oi ~ ° RECEI~FD ' WE ON qA~'C ItITAN6tW.~ PE!~U.W1l PND?ERi~ , p~Wl([ TO GIAPIER 7~•134. IICTS OF 19/1. jII pOGER POtiRAS pFA1( C1RdNj CDURT. ST. WCIE C0, H~ together with all and singular the tenements, hereditaments and appurtances tF~ereunto belongirg or in anywise +ppertaining thereto, and all rentt, issues, i proceeds and profits atcruing and to accrue from said premises, all of which are included in the above and foregoing dexription and habendum. ; TO HAVE AND TO HO~O the above described and granted premixs unto the said MORTGAGEE, its svccessors and assigns forever. And ths ssid ; their h10RTGAGOR fw heirs, executws, administrators and assigns, hereby covenants with the ssid 11tiORTGA6EE, it~ successw~ and ~siig?u, ,ha, __the~r_are__ iaWf~uy K~:~d of the said prem~ses in fee simpte; that the wme sre free, clear ~nd diuharged from all liens and erxum~ ' c~ances in law or in equiq, and that they w;lf and thei r Fmirs sha!! warrant snd defend the title ro the same to the said ~ ti!ORTGAGEf, its successors and assigns, fwcver against the lawful claims and demands of all persons; _ PROVIDED, AlWAYS that if the MORTGAGOR ahall pay unto the MORiGAGEE the promiuory ~ote hereinbelore deuribed and ~hall truly, promptly and fully perform, d~xharge, execute, complete, comply with and ab~de by each and every the stipuiations, agreements, condiriores and covenants of said prom~asory nofe and of this Mortgage, then this Mwtgage and the Esrate hereby created shall cease and be null and void. IT IS UNDERSTOOD that the word "Mortgagor" whethe? in the singular o~ plura{ anywhere in this Mortgage, shall be •i~gular if orte only and ; shall be plural jointly snd uverally if more than one, and that the wo.d "~heir" as used anywhere in this Mortgage shall be taken to mean "his," "hen," or "its;' wherever the contezt so implies or admits. Also, that wherever there is a teference in the tovenants and sgreements herein contained to any of rhe parties hereto, the same shall be construed to mean as well as the heirs, legal representativef, successws and assigns (either voluntary by act of the pa~tfes or involumary by operation of the (aw) of the same and that the covenanrs herein cootained shall bind and the benef~ts and advantsges inure ro ihe respective heirs, legal representatives, successors and sss~gns of the parties hereto. - And said Nbrtgagors, fw themzelves and their heirs, legs! rep?exntatives, successors and assigns, hercby join+ly and severally covenant and agree ~o and with the said MORTGAGEE, ifs successws snd assigns: 1. To pay all and singular the principai and interest and the various and svndry sums of money payable by virtue of said promisswy note, a~d this ; mortgage, each snd every, promptly on the days respediveiy the same severalty become due. 2. To pay sll and singular the tsaes, assessments, levies, liabilities, obligations and e~cumbrances of erery nature and kind now on said dewibed property, or that hereafter may be imposed, suffered, plsced, levied, a auessed thereon, a tAat hereaFrer may be levied a assessed upon this AAwtg- age, w the indeb~edness secured hereby, exh and eve~y, when due and payable, accading to law, befwe they become delinquent, ane~ before any interes~ atraches o? any penalty is incurred; ANO INSOfAR AS ANY THEREOF IS OF RECORD THE SAME SHAII 8E PROMPiIY SAT(SftED ANO DISCHARGED OF RECORD AND iHE ORIGttJAt OFftCfAt DOCt1MENT (SU~N A5, FOR INSTANCE. TNE TAX RECEIPT OR THE $ATISFACTION PAPER OFFICIAIIY ENDORSED i OR CERTIFIED) SHAII BE PIACEU IN THE HANDS Of SAiO MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any thereof is not pa~d, sat sfied and discharged sa"d MORTGAGEE may at any time pay tAe same or any part rhereof withoeit waiving or aifecting any o~+tion, )ien, equity or •~aht under or by virrue of this mortgage and the full amount of each and every such payment shall be immcdiately due and payable and shall bear interest ~~om the date thereof umil paid at rate of nine per centum per annum a~d together w~th such interest shap( br~ set r{ed~ rby the lien orf th s morgtage. d~.'~Y~vV c..~,~ ar:,. z - - : ~ ~y~-'~ ~ - r ~ ~ _ ~W~ ~~.r `tY 's.< s ~ .