HomeMy WebLinkAbout1925 z:~sz~ e,
THtS tNDENTURE. Mad~ rhe ~ 8t'h d, of ~p~m~r A.C. 19~ betwiin
'S. A. B. of S~. I~ucie County, Inc. , a F'lorida Corporation
of S'fi. Lucie County Florida, hereir~after designared as ~he "AhORTGAGOR," and FIRST fEDERAI SAVtNGS AN~ IOAN
AS$(~CIATION OF FORT PIERCE, a co~poration org~ni:~d u+d existin9 unda IM laws of rAs U~ited Srat~f of America and havin~ It~ princip~! pl~u of
businsu in ~M City of Fo~t Pisrce, SI. lucie County. Flor~da, hereinafter designated as tF?e "MORTGAGEE:'
WHEREAS the MORTGAGOR is juttly indebted to the MORTGAGFE i~ the sum of S- 70~~~'~ good and lawiul money ot the United
S~ates advanced by ths MORiGAGEE un~o the MORiGAGOR, as evidenced by a certain promiuay note of even dare herewitl~, of which the following k~
words and figuros is a frw copy, to-wih ~ 1~
; 70,000.00 8$33
w., P;~~.. F~,,;d,. Sep.tennber 1$ i932_
For value received, 1, we or ei~he~ of us, promise to pay, without defaltation, to the orde? of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE at Fo~t Pierce, Fbrida, the sum of S- T~~O~•~ with interest from daie at the rate of _~•v % pe~ annum, in monthly install-
ments as fol!ows: S 629~~ on fhe 1s'fi d~y Qf November , ~9~ and a like sum on the correspond~ng day o1 each rtwnth fhe~r
afte~ un~il ~he whole be lully paid.
Each instalfinent first sMll be applied in payment of the interest and then on 1he unpaid balance of the principal sum. If d ault is made in fhe
payment of any installment when d~e, and sucn default continues 30 days, then at the option of ehe holder, and without any other notice, aH Ihe remaini~g
~nsrallments sha}! be due a»d psyable ar once. P?ivilege is given to prepay this nofe in whole or in part at sny time without pcnalty. Neithcr fwebearance,
nor atceptante by thc holder thereof after any defauff in any paymcnts hereon, shall be deemed eatension. A late payment charge of = , shall be
added to each installment remaining unpaid 7 days afte~ its due date, and a like sum shall be added to each such instalfinent remaining ~npaid 7 days after
each succeeding payment dafe.
Each maker, surety and endorser bereof, jointly and severally, waivcs demand, presentment protest and notice of protest fw nonpayrt~ent, and further
agrees to any extensan of time of payment, either be(ore or after maturity, without ~ot~ce to any of us; and to pay all costs of collection, irxlud;~+y a
reasonable attorney's fee in the evem of any defautt hereunder, arrd hereby severally waives al! benefit of homestead and exemption under fhe tonstit~tan
and laws of each State of the United States, as against this obligation w any extension w renewal hereof,
w~t~~: ~~,a a~,a ua~ of each partY• S. A. B. of St. Lude C~aunty, Inc.
By: s/ Bruno ~terse~e,~ p~sident ~q
Corporate Seal Affixed cs~au
Attest : s/ Akael Asmussen~ e_re -arv- ~,q
reaswre~- ~
( 05 ~ ~ ) State Revenue
(Srer+prctine~Med.ow~wi~iw~l.~t~)
NOW, THEREfORE, the IVIORTGAGOR for the purpose of tecvring psyme~t of sa~d sum of t , and the performancs of th~
covenants and agreements hereinafter expresscd, and fw dive~s good and valuable tonsiderations, by theu presents, does yrant, 6aryain, sell, remiss,
release, convey and tonfirm to t MORTGAGEE, iri sutcessors and assigns, all that certain lof, piete or partel of land, aituste, (yinq, ari~beiny tn fhs
County of ~Cie and State of Florida, desvibed as follows:
That part of Lot 9, of INDUS4'RIAL SUBDIVISION, as per plat thereof on file in Plat Book
9, Page 5, of the Public Records of St. Lucie County, Florida described as follc.~ to ~it :
Begin at a point on the West line of said Lot 9, 95•2 feet sauth of the north~est corner
of said Lot 9s for a point of beginning; run Easter~r Li98.69-feet to a point on the~ East
line of said Lot 9, ~rhich said point is 87.05 feet south of the northeast co~rner of said
Lot 9; thence turn and run South an the east line 100 feet to a point; thepce turn and run
West 498 feet mc~re or less, and para11e1 to the first Iine mentioned above~ to a point on
the Nest Iine of said Lot 9, thence turn and ru~n north alang the ~rest line of said Lot 9, ~
a distance of 1~00 feet to the point of begfnning.
oF F'LOF?IDA ~
~ STATE StAMP rnx I
DOCUMfN7ARY tIX~
~ ~ ~Q ~N p~~p1~i~P'~~l•
~ 1 ~ E P i. OF REYENUE ,•:~L ' 0~• O O I
, ` ~F. P~~~~ ~91~~
~c 'r - = ~c:tz Ti : .
qNG18 `S f
o - P.L ~ti., ~ R~ ~S ~C 1t~' 1~. [?C
o -1t102 ~E p!i ~p1Eq il- ~IM~ F1k
q~y~s`,L'~t ta ~Eg Pa~~ V,iC~E fA-+
a~ Clil(7~1~ ~4t~~
rogether w;tb all snd singular the tenements, herediumenis ~nd appuNances thereunto belongirg a in anywise appertaining thsreto, and all rems, iu~es,
proceeds snd profits acuuirg and to accrue from ssid premises, all of wliKh ~re incl~dcd in the above and faegoing dacription ~nd habendum.
TO HAVE AND TQ~ LO the sbove desaibed and granted p~emises unto the ~aid MORTGAGfE, its svaesson and auipns forever. Md the s+1d
MORTGAGOR for --j' heirs, exetuto?f, administratws and assigns, hereby cavenanb with the ~aid MORTGAGEE, ib suttesso?s ~nd ~uipm,
~hat lawiulty se~zed of the wid premise~ in fee ~imple; thaf tM same aro fres, de~r +nd discharged from all (iens ~nd ~ntum~
brancts in 1aw or in equity, and that it will and i t 4 hein shall warrsnt ~nd defend the title ro the aam~ to tM said
MORTGAGEE, its successors and auigns, faever against the lawful claims and demands of all persons;
PROVIDED, ALWAYS tF?a~ if the MORTGAGOR ~hall pay unto the MORTGAGEE the promiuwy note hereinbeftxe desvibed and sh~ll truly, promptly
and fully perform, diuMrge, execute, complete, comply with and ab'rde by esch snd every tMe stipulstions, ~greemenri, cond•.tiw~s ~nd tovenants of aaid
promissory rate snd of this Mortgage, t?x~ this Mortgage ~nd tFx Estste hereby uested sFwll ce~se and be nu0 and void.
IT IS UNDERSTOOp that the word "Mwtg~gor" whether in the singular a plwal ~nywhere in this Mortgage, shall be sinpular if ons only and
shall be plural jointly and severally if more thsn o~e, and that the word "their" as used anywFrcre in thy Matysge shall bs t~ken to mean "F~is;' "hers;'
or "its;' wherevcr the context w implies or admits. A{so, that wherever there is a reference in the covenanq and s9reemenis herein contained to ~mr of
~he puties hereto, tFro same shall be construed to mean as well ss the heirs, leg~l r~present~tives, successors and sui~ns (either wtuntary by ~ct of th~
parties or involuntsry by operatan of the law) of tlx same and that the covenants herei~ contained shall bind and tht benefi» snd advantaqa inure
to the reapective heirs, kgal representativa, successas and au~gns of the pa?ties f?ereto.
And said Mwtgagon, fa themselves and their heirs, legal representatives, successort snd auiyns, hereby jointly and sever~lty covenant and ayrte ~
ro and with the s~id MORiGAGEE, its successors and aisigns:
1. To pay a!! and sirgular the principal end imerest and the variovs and sundry svms of money payable by vinue of said promiuwy nofe, ar?d this
mortgaye, each ~nd evcry, p?omptly on the days respectrvely the same uver~lly become due.
2. To psy ~II •nd ~ugulsr tFx tsxa, assesune~tt, lev"~es. lisbilities, obligstions and ena?mbrances of every nature ~nd kind naw o~ sa;d d~scribed
Pcope?tY, a th~t hereafrer may be impo~ed, svffered, plxed, kvied, a assessed tFiereon, or thst hereafte? may be levied p assested upo~ this Mwtp.
age, w the indebtedness secured herrby, esch and every, when dve and payable, xcordinp ro law. bef«e they become delir?quent. ~nd before any intawt
a»aches or any penatty is inc~?red; AND INSOFAR AS ANY THEREOF !S Of RKORO THf SAME SHAII 8E PROMPTIY SATISfIED AND DISCHARGEp OF
RECORD AND THE ORIGIhAL OFfICIAt ~OCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR ?HE SATISFACTION PAPER OFFICIALLY ENpORSED
OR CERTIf1ED) SHAII BE PUCED IN iHE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evenf thst a~y thereof ia not
paid, sar'sfied and discharged sa:d MORTGAGEf may at any time pay fhe same or ~ny psn thereof witFwut wsiving w affectinp any option, lien, equity p
•~pht under or by virtue of this mortgage and the full amount of each and every such payment shall be immediately due and psyable and shall bear interest
~+om the date thereof unril pa~d at rste of n~ne per centum per annum and togethc? w~th such interesr sha11 be ~c~~tj ry lien of~:wpp~~qe.
80Gl~ ~.U~ _ ~ _
Se~c.~J.S'1'm~ h~ ' * _ ~ x ~4
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