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Home My WebLink About1261 - ~~38182 TNIS INOENTURE, Med~ ,h~ 14th d+y of September a.p. ~y 72 ~1weQn Joseph M. Kelley and Elizabeth F. Kelleyy his.wife of St • Luc ie ~p~nfy Florida, M?einafta~ deignated as 11~ r"I~QRTG/t~a0 U~nd F~t6T FEOERAL SAVINGS AND IOAN ASSp~IATION OF fORT PIERCE, a cwpaat~on wyanized and ex~siing under ~hs laws of 1he United Sts~~~bf America and haviny its principal ptace of bu:i~ess in ~Iw Gity of fwt Piacs. St. l~cie County. Ftorida, herei~afte~ desiynated a: ths "MQRTGO~ OO WHEREAS the MORTGAGOR is jv~tly indebted ro ths MORTGAGEE in the sum of S f;~ ~ good and lawful money of the Un~ted States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promiuory note of even date h~rewitb, of which the followiny in words and figures is ~ trus copy, to-wit: = 8,000.00 ~ • ~ I0018821 Fort Pierce, Florida, September 14 19 72 Fw value received, 1, we w eithc~ of us, promise to pay, without defalcation, ~o the order of FIRST fEDERAI SAVINGS ANb IOAN ASSOCIATION OF ' 8 000 00 ~ FORT PIERCE at Fat Pierce, Fbrida, Ihe sum of S ~ ' w~th interes~ irom date at the rate of 7• 5 96 per annum, in nwn~hty iAS1a11- ~ ments as foltows: S 85•~~ on the 1St day of November ~9 72 and a like sum on the caresponding day of eath tnoMh f\ere- ~ after until the whole be fully paid. - ~ Eath installmenf (irst shatt be applied in payment of the inle~cst and then on fbe unpaid ba~ance of the principal sum.: If d ault is made in ~tha ~ payment of any installment when due, a~d such default continues 30 days, then at the option of the hoider, a~d without any othe~ nofke, atl the remaining , ~nsta~lments shall be due and payable at once. Privilege is given to prepay ihis note in whote w in part at sny time withouf penalty. Neilher forebearance, y v nor acceptance by the holder thereof after a~y default in any payments herron, shall be decmed extension. A la?e payment charqe of ; 4'25 shs~l be L added to each ios~allment remaining unpaid 7 days aFter its due date, and a like sum shatl be added to each such installment remai~ing unpaid 7 dsys aftcr each succeedi~g payment date. , ~ Each maker, su~ety and endorser hereof, joinlly and severaily, waives demand, presentmenf protest and notice of profest fa nonpayment, and further ~ agrees to any extension uf time of payment, eitfier before or after maturity, w;thout notice to any of us; and to pay atl costs of collection, including a ~ rea:onable attorney's fee in the event of any default hereunder, and hereby severally waives all beneiit of homestead and exemption under the constitution and iaws of each State of the tlnited States, as aga~nst this obligafion w any extcns~on or ?enewal hereof_ ' ~ W~tness the haod and xal of each party. • (SEAL) s Joseph M.Kelley (SEAL) (SEAI) s/ Elizabeth F. Kellev N ~ S 12 . ) State Revmve ~ L iS~n~s saQltdso~d9f~at~mr) ~ 8 000.00 NOW, THEREFORE, the MORTGAGOR fw the purpose of securirg payme~t of said sum of S ~ ~nd the performance of the covenants and a9reements hereinafte~ expressed, and for divers good and valuable conside~ations, by thess presents, dxs grant, bargain, sell, rem~se, release, convey and confirm unto the JNORTGAGEE, in successors and assigns, all that certain bt, piece or parcel of I~nd, situate, lying, and being in the County of St. Lucie State of Flwids, described ~s follows: I.ot 15, Block 6, PINEWOOD SUBDIVISIOIY, as per plat thereof on file in Plat Book 5, page 24, of the public records of St. Lucie County, Florida, ~ S~`AT~ °F F S~ nRnP~ 1 ° DOC+~N~ARY ~ 1 > pv ~ ~ ° OEPT. Of Rf~~ . _ ' ~ , _ = ~~r i~ 1Z ~ i• • ~ O ~ ` ~ ~ IN PAYMEIR OF YIO~'4 01~ ON CU1SS 'C ItITAtIGIBLE PERSONAL PROPEitT~ p = N~02 `~•••f ' PORSIIANT IO CHAPIER 71-13~. I!^TS Jf 1l1~1. . ~ aoc~a PoirF,ae 4 CLFRK CIStCUR COURT, St_ L..::ic ~0, FU~ together w~th sll and singutar the tenements, hereditaments and appcirtances the?eunto belonging a in anywise ~ppeA~i~ing thereto, and ~II rentt, issue~, proceeds snd profits accruirg and to accrue from ssid premises, all of which are inclvded i~ the sbove and fwe9oi~g dewiption and FNbendum. TO HAVE AND TO HOI~ the above described and gramed prcmises umo tl+~ said MORTGAGEE, iri successas snd sssgns foreve~. And fhs taid MORTGAGQ R for ~helr ~~n, executws, administrators and asi ni, hcr thE' a re ~9 ebY ~ave~ann with ths said MORTGAGEE, ib successws ~nd ~uiyn~, ihat lawfully seized of the said premises in fee simple; that the same are free, ckar ~nd discMr9ed irom all liens ~nd encurt~- brances in law w in equity, and that they _ W~~i ttlC?1 r Meirs shall wsrnnt a~d defend ths title to tF~e same to the said MORiGAGEE, its successas and auigns, faever againsf the lawfu) claims and demands of all perions; PROVIDED, AlWAYS that if the AhORTGAGOR shall psy unto the MORTGAGEE the promiuwy note hereinbefwe dearibed and shall truly, promptly and fully perfwm, dixhsrge, execute, complete, comply with and abide by esch ~nd every the stipulations, sqreementi, conditio~s and oovenants of said promissory note and of this Mortgage, then this Mortgage snd tbe Estate hereby vested shall cease and be n~ll ~nd wid. IT !S UNDfRSTOOD thaf the wad "Mortgsgw" whether in the singular a plural anywhere in this Morty~ye, shall be sinyular if one only ar~d shall be plur~t jointly and teverally if more tF~en one, and that the wwd "their" as used snywhere in this Mo~tgsge shall be t~fcen to mcan "his;' "hen," or "its;' wherever the context w implies or admit:. Also, that wherever there is ~ ~eferente in fhe corenants and sgreemenq herein contain~d to any of rhe parties hereto, the same shall bs constrved to mesn as well ss the heirs, kgal representstives, successon and assiyns (eitF~cr voluntsry by act of ths parties w involumary by operation of the law) of the same and tfiat the covenants herein contained shall bind and the benefiti and adv~ntsQes Inura ro the respective heirs, kgal representatives, succeuors and au°gin of the parties hereto. And said Mortgagors, fw themselves snd tF?eir hein, legal representatives, succeuors and auigns, hereby joinNy ~nd sevaally covenaM and ay~ee ro snd with the ssid MORTGAGEE, iti successon and sssgns: 1. To pay all and singular the princip~l snd interest and the vsriovs snd sundry wms of mw~ey payabb by rirtve of said promissory note, and tbis morlgage, esch and every, promptly on the days respectGvely tFx iame severally become due. 2. To pay all and sirg~lar the taxes, assessmenti, kvies. Iiabilities, obligstiom and entvmbrances of every n~ture snd kind now oo s+id desuibed property, or that he~eafta msy be imposed, wffered, placed, levied, or sssessed thereon, a that hereafter may M levied or asseued upon th7s Morty- ege, a tha ir?debtedness ~ec~red he~eby, euh and erery, wlxn d~e and payable, accordirg to Iaw. before they become delinqve~t. ~nd befwe any interest attaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL BE PROlNPTIY SATISFIED AND DISGHARGEO OF RECOR6 AND THE ORIG(NAL OffICIAI OOCUMENT (SUCH AS, FOR ItVSiANCE, THf TAX RECEIPI OR TNE SATISFACTION VAPER OFFICIAILY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFiER PAYMENT; and in the event that sny thereof is not paid, saYSficd and diuhargcd sa:d MORTGAGEE may st any time p~y the same or a~y psn thereof withwit wsivirg w atfectirg any optio~, lien, eqviry or •ipht under or by virtue of this mongage and the full smount of each and every such paymeM •hall be ;mmediately dve and pay~ble and shall bear interest i~om the date thereof until p~id at rate of ~ine per cenlum per annum and together with such inrerest shall be secured by the lit~ of th:• morgtage. ~~~~~0~ f ~ ;p - - ~