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Home My WebLink About1923 ~':38'626 ~ ~ 7th September ~72 THIS INDENTURE, Mad~ the d~y of ' A.D: 1~ betw~en _ Pearl Construction Co., Inc , a Flor~ a nrnnrati.,n of St. Lucie C~ty Flwid~, hercinafte? deiignated as the "MORTGAGOR," aod FIRST fEDERAL SAVINGS AND LOAN ASSOCIATtON OF fORT PIfRCE, a oapo.atron ayani:cd and existirg u.ida ~ha laws of the Unitad SutQS of America and Mvinp its principal plac~ of busine~s ie? tM Cify of Fort Piace, Si. lucie Cou~ty, Florida, hereinaiter desiy~ated at the "MORTGAGEE:' WHEREAS the MORTGAGOR a'ry~~ly ir~debted ro ths MORTGAGEE in the ium of = 24 ~ 2O0 good and lawful money o1 the United Srates advanced by the MORiGAGEE unto the MORiGAGOR, as ev)denced by a certain promissay note of even dale he~ewith, of wh~ch the following in .+ords and figures is a v~e copy, to-wit: s 24j 200 . 00 ~ 10018782 . September 7 72 forl Pierce, florids, 19 For value received, 1, we or cither of us, promise to y, wi~hout defalcation, to tAe order of fIRST ffDfRAL SAVlNGS AND LOAN ASSOCIATION OF FORT PIERCE at Fwt Pierce, Florida, the sum of = 24 w;th inrerest from date af the rate of 7• 54'o per annum, in monthly install- ~nents as follows_ S 19 S.~ on the 1 S t day oI Janua ry ~9_~ and a like sum on the carespond~ng day of each month there- after until the whole be fully paid_ Each installment fint shall be appl~ed in payment of the interest and the~ on the unpa~d tsalance of the princ~pal sum. If d auh ii made in tM paYment of any insfallment wheo due, and such defauh conr~nues 30 days, then at the opt~on of tM holder, snd without any other ootice, all the remsining ~urallments shail be due and payable at once. PriviJege is given to prepay this note io whote w in pa~t at any time without pcnalty. Neither faebearance, no~ acceptance by the holder thereof after any default in any payments hereon, shall be deemed eztension. A late payment tharge of S9'75 shall be ~dded to each installment remaining unpaid 7 days after its due da1e, and a like sum shall be added to each such installment remsining unpaid 7 days after each succeeding payment date. Each maker, surety and endorser hereof, jo~ntly a~d severally, walves demand, presentment protest and no~ice of protest fw ranpaymenf, and further agrees to any exte~sion of time of payment, either before w after maturity, without notice fo any oi us; and to pay all costs of collec~ion, includ;ng a rrasonabl~ attaney's fee in the even! of any default hereunde~, and hereby severally waives all benefit of homestead and exemption under fhe constitution a~~d laws of each State of the United States, as against this obligation o~ any e~cte~sion w renewal Ixreof. Witness the hand a~d seal of each pa~ty. PEPIRL COI~STRUCTION CO. ~ INC, (SEAL) ' BY: s/Ga ry L. Pea rl . PresiCent ~A~~ ; Corporate Seal Affixed (SEAt) ATTESTt s/Philip Pearl, Secretarv - « ~ $36.30 i state Revenue Treasurer ts*an.p~ce~+celteeE en-aiginat-nete) 24 200 00 NOW, THEREFORE, the MORIGAGOR for the purpose of securing peyment of ssid sum of S ~ ' ~nd the performarxe of ths covensnn and agreements hereina(~er expresscd, and for d7vers good and v~lwble coniiderations, by tFKSe presents, does 9rant, bs~9ain, tell, remise, release, convey and confirm unto the MORTGAGEE, its ~utcessors and auigns, ell thaf certaio lot, piete p parcei of Iand, sifuate, lying, end being in tM ~ County of St . Luc ie ar~d State of Flo?ida, deacribed ss follows: East 12 feet of Lot 3, all of Lot 4, and the West 12 feet of Lot 5, ~ Block 4, SII.V~R LAKE PARK SUBDIVISION, as per plat thereof on file ; in Plat Book 10, page 4, of~ the Qublic records of St. Lucie County, Florida, ~ ; R~Q °,l ° ~TA~E °F ~ s~ MQ ~c.>_-1 ~ r---_ ~ 1 ppCUMEN;~ ~~t' o= N c~p- t.~~`E fr~uf ~ 3 g 3 p ~ Z.~~~:1 ~ ~ sc ~ ~ azr"La~ ~ r P.6. ~ ~ ~HR2 o - ~10 ~ E'VT OF ?(?XQ 1N PI('(4A ~ RECE~~ INTANGIBLE PER~~L PROPERn.( G•~. uri CUISS ~ TER 71-13~. RCjS Of 19~t. yy ; T TO ~ pL'R~,;~' pplTftAS i CLEAK CIR~1~R COURS. ST. It~CIE C~ . fLll rogethei with alt ~nd singular the tenements, hcrcditaments and appurtances thereunto belonging w in ~nywise appertaini~g thereto, and all ren», iuuts, proceeds and profits accruing and to ~cuue fran ssid premises, all of which are included in the above and faeQang deuription snd habendum. TO HAVE AN ~ t SHOID the ~bove described and granred premius unto the said MORTGAGEE, its successon and assigns fwever. Md t!w ~aid M,ORTGAC,OR for heirs, executon, administrators and atsigna, hereby covenanb with tM said MORTGAGEE, ib successors ~nd ~ssiyns, lt 1S ihat lawfully aeized of the said premius in fee simple; that the same are free, ckar snd disch~rged from sll liens ~od antvrt~ brances in law or in eqvity, and that lt will and 1tS heirs shsll wsrrant ~nd defend the title to the same to the said h',ORTGAGEE, ils succeuon and auig~s, forever sgainst the lawful claims and demands of all persons; PROVIDED, AIWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory nofe hereinbefwe desc~ibed and sl?aU truty, promptly and fully perfwm, d;xharge, eaecute, complete, comply with ~nd ab~de by each a~d evcry the stipulaYans, agreements, conditwns and covenanri of uid prornissory rate and of this Mortgage, then this lNortg~ge and the Estate hereby uested slull cease snd be null and wid. IT IS UN~ERSTOOD that the word "Mwtgsgor" whether in the singvlar w plural anywfron in this Mwtgage, shalt be singular if one only and shall bt plural jointly and severally if mwe fhan o~, and that the wwd "their" as used anywhere in tha AAwtysge shall be taken to rrKan "his;' "hen," or "its;' wherever the context w implies or admits. Also, that whereve~ the?e is • reference in the toven+nts and sgteemenb hereie contained fo ~ny of the parties hereto, tF~e same ihatl be cau~rued to mesn as wefl as rhe hein, legal rspresentatives, svcceswrs and auipro (either volunury by ~cl of th~ parties or involunury by operation of the law) of the same ~~d that the covenants herein contained shsll bind and the be~efits +nd ~dvantayes i~ure ro the respective heirs, legsl representatives, succesaws and ass~gns of the parties hereto. And said Mortgsgors, fw themselvet snd their heirs, legal representatives, successws ~nd auiqns, hereby jointly and sevsrally coven~nt and ayree to and with the ssid MORTGAGEE, its suuessors and assigns: 1. To pay all and singulsr the principsl ar+d i~terest and the various snd sundry tums of money payabk by virtue of said promiuory note, and this mortpage, each and every, promptly on the days respectively the same sewrally becort~e d~e. 2. To pay ~II snd sirgular the taxes, asseuments, Ievies, tiabilities, obligstions snd encumbrances of every nature ar~d kind now on ss;d de~cribed Property, or that here~fter may be imposed, suffered, placed, (evied, or ~ssessed thereon, w thst heresfter m~y be levied or ~ssessed upw~ this Mort¢ age, w the indebtedneu secured hereby; rxh and every, when due u+d paysble, accordirg to law, befwe they become delinquent, ~nd before +ny intNest - atraches w any penalty is incurred; AND I~iSpfAR AS AMY 1HEREOF !S OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCNARGE~ OF RECORD AND THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFfIC1AltY ENDORSED OR CERi1F1ED) SHAII BE PLA~ED IN iHE HANDS OF SA(0 N10RTGAGEE WITHIN TEN OAYS NfXT AFiER PAYMENT; and in the event that any thereof is not pa~d, sat'sfied and dixharged sa:d MORTGAGEE may at a~y time pay the same or any part thereof witFwtrt waivi~g a sffecti~g any optioe~, lien, equiry p •~qh+ under or by virtue of this mortgage a~d the full amaunt ot esch snd every such payment shall be immediately due and p~yibk and ~hall be~r interqt ~.om the date thereof until paid at rate of n+ne per centum per annum and toyetFxr w~~h such imerest shall ~eRsec the lien of th"s gtaye. ~~~~X~~V ~~~E ~ < _ - ~ : s ~ z, . ` , . _