HomeMy WebLinkAbout2309 2?38868 ~ ~ .
26th S tember '
TNIS iNDENTURE, AAade ~he day of ~ ~ A_D. IQ,~.~~lelw~w?
Joseuh Lincoln and Myrtie ncol$; +h~s~ wife
of St . 1.UC1Q Cqinry fiwida, Mrein~ftK de~ipnated as fM "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAN
ASSpC1ATION OF FORT PIERCE, a corpaation uy~ni:ed and exiitinp ~nde~ th~ lawt of tM U~ited 5tat~s of Ameriu and Mvtnp ib pri~cipal plap of
husmess in the City of fwt Pieres, St. Lucis Co~nty. Florida, Mieinafter ~sipnated ~s tFw "MORTGAGEE:' 4
WHFREAS the MORTGAGOR is ju~fly indebted to the MORTGAGEE io ths sum of':9 i~~ • Do good and lawful money of the Unlted ~
Srates advanced by the MORiGAGEE unto fhe MORTGAGOR, as evidenced by a certain promiuory note oi even da~e herewitb, of whith ~ha /ol(owinp in
nords and fi9ures is a true copy, fo-wit:
s9~0~0.~~ ~ 11000012
w.~ Pi.,~e. Fia;d.. Seatember 26 • 19 72
For value ?eceived, 1, we or either of us, promise to pay, withoul defslcation, to the wder of FIRST FEDERAL SAVINGS AND IOAN AS~SOCIATION OF
FORT PIERCE at fo?t P~erce, Florida, the sum of f 9 iO00• ~0 w;th interest (rom date at the rate of 7• 7~ per ~n~um, io monthly insqll-
.~~=„ts as follows: i97 • 0O on Ihe 1st day of NOV~mbeY 19 72 and a like sum on the careapondinp day of each monlh therr
after untit the whote be fulty paid.
Each insrallment firsr shal! be applied in payment of )he interest and then on the unpaid balance of the printipal wm. If d a~lt is made in the
, a;menl of a~y inarallment when due, and such default continues 30 days, the~ st the opYnr~ of the holder, and without any other notite, all the remaining
~narallments shatl be due and payabte at once. Priviiege is given to prepay this note +n whole w in pan at ~ny time without penalty. Neither faebeawnce,
nor acceptance by the holdcv thereof afrer a~y default i~ arty paymenrs hereon, shaQ tx deemed extmsion. A late p~yment charge o( S 4• 85 shall be
added to each instaltment remaining unpaid 7 days afte~ its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after
each succeeding payment date_
Each maker, surety and endorur hereo% jointty and severally, waives demand, p~euntmenf protes! and netice of protest tor nonpaymenT, and furthe~
a~reea to any eztension of ~~me of paymenL either before or after maturity, without notice to any of us; a~d to pay all costs of collection, irxlud~ng •
:~,sonable attorney's fee in the event of any default hereunder, a~d hereby severally waives all benefif of homestead and exempfion under ihe conflifutiort
,-~d laws oF eath Siare of ~he lJnited Stsfes, as against this obligation w any extension or renewsl hereof,
Witness the hand aod seal of each party. .
~ Joseph Lincoln ~y
csEnU
s/ Myrtle Lincoln ~
~13.50 ~
i-> > State Revenue
; S tar~a s~d ~e ~tgtc~ t ~
NO'JV, THEREFORE, the MORTGAGOR for ihe 9 000.00
purpose of sec~~ing psyme~t of sald sum of i • , and tht performarxe of ths
ccvenants and agreements hereinafter expressed, a~d for divers good and vilwble considerationa, by thesa presents, does grant, barqain, sell, remise,
~,,ase, convey and confirm uoro the MORTGAGEE, ib si?cceswn and suigns, all tMt ce?tain bt, p"~ece or pucel of land, :itwte, (yinq, and beiny in the
County of St. WCie ~nd State of florida, dewibed as follows:
The East 2 acres of Lot 28, WHITE CITY, in Section 3, Township 36 South~
Range 40 Bast, as per plat thereof on file in Plat Book 1, page 23, of
the Public Records of St. Lucie County, Florida,
o~
~ S AT E oF F LO R I t> A ~ Rec~? u~ r~rwarr of nnait
~ T A M P T A X~ DuE ON dASS 'C tNTI{qG~OlE rERSONAt PR~OPE1C1r.
t~OCUMENTARY~.`•-•L,, ~.r,_ p~T TO CNAP*ER 71•t34. ~CrS OF 19~
c°-;+ M DEPT. OF RE11EMtfE 1~f _`~'s ~ G
~r ~ _ ~ 3 5 0 t R~i~ ro~t~.S ~
~`Q o ~ f.L ~•cril?'1[ • ~ . CIEI~( CII~CUIT COUR1, SL. LUCIE 00. Ft~
~ 11102 ~
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roge~her with all and singular the tenements, I+e?~taments and ip~wwrtantes thereuMO belongirg or in anywise appertaininp therefo, and ~II tenq, issws,
p~oceeds and profits accruirg and to accrue from said premises, all of whith are intluded in tha ~bov~ and fwayoinp dewiption and habMdum.
TO HAVE AND 10 HOID the sbove described ~nd granted premises unto tM said MORTGAGEE, its suctesson uid auiqns forevs~. Md the s~id
t~IQ 1 r
MORTGAGOR for tKirs, executors, administraton snd as~igns, hereby covensnb with the ssid NWRiGAGEE, ifs suctesiors and ~aipns,
rhat - t~L--dLg--- Iawfully sei:ed of the said premises in fee simple; tMt ttw same are fr~e, ckar and discharped from a!! lieru ~nd encurn.
c~ances in law w in equity, a~d that they w~~~ a~ their M,~nant and dsfend t}k title to fhs urn~ to t!~ wld
h10RTGAGEE, its successors and assigns, forever sgainst tha lawfu! cli~ms and demsnds of sN persons;
PROVIDED, ALwAYS +hat if the MORTGAGOR shall p~y unto the MORTGAGEE the promissory note hereinbefor~ desvibed and ~II truly, promptly '
and full rfwm, dischar e, execute, tom kte, c I with and abide ~
Y Pe 9 P ~P Y by esch and every the stipulstiwa, s~reert~ents. conditions and oovenants of said
.orom~uory rwte snd of tb;s Morfgage, then this Mortyaye and the Est~te hereby ue+ted shall ceas~ and be null and void.
1~ IS UNDERSTOOD thar t}ro word "Nbrtyagor" whethe? in the singvl~r or plwal anywhere in ihis !No?ty~pe, shall b~ sinpulu if one only and
shall bc plunl jointly and severally if more than one, and that the word "their" ~s used anywhere in this Mortysy~ sFati be t~ken ~o mean "hi~," "htrs,••
or "irs," whe.eve~ the conrext so impliei or admits. Abo, that wherever there is a reference in tM cove~anb ~nd apreements hereir+ contain~d to any of
rhe partiei hereto, the same ~shall be cautr~ed to mean as well ss the hein, kyal representatives, a~ccesson and ~uiynt (either wlum~ry by act of tM
parties or involuntary by operation of the taw) of fhe same and that the covena~ts herei~ contained shall bind and the benefin ~nd idvantapes inur~
ro ihe respective heirs, legal represent~tives, wttestors ~nd as~~ynt of the p~rties F~ereto.
And said Mortgagors, iw themulves and their hein, kgal representstives, suaessors and auiyra. Fwreby joiMly snd severally wven~M ~nd pree
~o and with the said MORTGAGEE, its s~ccestas and auiyru:
1. To pay ell and s~ng~lar the principsl ~nd interest and tF~e varaus and sundry avms of money paysble by v'utw of sa;d promiuory note, and thq
.,,ortgage, each snd every, promptly on the d~yt rppectively the ssme ~avarally betome dw.
2. To pay ~II and sirguta~ the taxes, assessments, levics. liabilities, oblig~tioru a~d ~ncumbr~nces uf ev~ry natur~ and kind raw on ~aid d~sulb~d
Property, w that hereafter may be imposed, sufferod, placed, levied, w ~ssessed thersc~n, or that hereaftK may b~ Iev;e~i or useased upon thia Mwtp.
age, a the indebtedness secured hereby, each and every, when d~e and paysble, sccadinp to law, befwe tMy become delinquent, and btfon any intaest
atrzches or any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHALL dE PROMPTIY $ATISFIED AND OISCHARGEO OF !
kECORU AND THE ORIGfhAI OffIG1AL DOCUMENT (SUCH AS, FOR lNSTANCE, TNE TAX RECEIPT OR THE SATISFACTION PAPER OffICIAtIY ENOORSED `
~R CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAIp MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof u not
paid, sat'sfied and discharged sa'd MORTGAGEE may at any time pay the same or any psrt thereof withovt w+iving or affecting any option, Iien, puety p ~
•~qhr under or by virfue of this mortgage and the fvll amount of eath and every tuch payment shall bs immedistely due ~nd payable snd sfiall bear intereit
_ ~~om the date thereof until pa~d at rate of nine per centum per annum and toyether witFwstrch ' s~II~ sec~red by the lien of th:s morqta~e,
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~OGK~UU ~
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