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Home My WebLink About2685 ;~39112 1~ THIS INDENTURE, Made the 2nd day of 4ctober A.D. 19 7s., b~twNn Kenneth Leroy Smith and Alice Fiae ~mith~ his w~g .Z 4 i t, ,:.~.-1. of St . Luc ie Cq~nry Florid~, Mr~ie?~ftp d~signatrd ~s tM "MORTGAGOR," ~nd FIRST fEDERAI SAVINGS AND IOAN ASSpC1ATlON OF FORT PIERCE, • corpaatio~ a9~nised and ~xiitinp under tM law~ of tAe Unitd St~la~,.of ~merita and havinp iri principal pl~u of businas in tM City of Fat Pie~c~, St. t~cie County, Florida. I+~r~inafter d~ipnat~d as ~h~ "MORTGAGEE." WHEREAS tFN MORTGAGOR is justly indebt~d to tM MORTGAGEE in tM sum of ~ 18~~~•~ good and I~wful money o( the Un~ted Starq advanced by ths MORiGAGEE unfo ths MORTGAGOR. at evidenced by ~ ct~tsin promiswry ~?ot~ of even date her~with, of which the followinp in wada and fiyu~e~ is a trw copy, to-wit: • :18t~~•~ ~ 1~018874 Fort Pierc~. Florida, ~tober 2~ 19 72 i Fw value ~eceived, 1, we w either of us, prom~se to pay, withovt de~slcation, to the ordcr of FIRST FEOERAI SAVINGS AND LOAN ASSOCIATION OF FORT PiERCE at Fo~t P:erce, Fbrida, fhe sum of = 18 s V~ • w3th interest from date at the rate of 7•~ 96 per ~nnum, ~n monthly install- menrs as follows: s_ 134.~0 on ths 1St day of February ~q 73 a like ium on ths carespa~d'u~p day of e+ch month there- after until the whole be fully p~id. - Each installment (irfl shall be appl~ed in p~yment of ths interest snd then on the ~npaid balsnce oi the princ~pa) slten. If d aulf k mstle In the paymcnt of ~ny irntallment when due, and such defavlt continucs 30 days, then ~t the option of ths holder, and without any othc~ notice, all tlx~ remaining ~nstallments shall be due and payable st once. Privitege is given to prepay this note in whole w in pert af any tima without pen~lry. Neitixr forebearance, n01 KClpfifKt by the ho~de~ thereof after any deFault in any payments hcreon, shsll be deemed extension. A tate psymenf chuge of ~ 6 s7O , tha!! be added to each instaltmenf remaining unpaid ~ days after its due dste, and s like sum shall be added to each tuch installment ramaininy unpaid 7 days after each :ucceedirg payment dase. . Each make~, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of p~otest fw na~payment, and furthe~ agrees to any extension of t~me of payment, either before w after rr~aturity, without notice to any of us; s~d to pay all costs of collection, including • reaso~abk attwney's fee in the event of any default hereunde~, and hereby sevcrally waives all benefit of homestead and exemption under the constitutan and laws of e~ch State of the United States, as against this obligation w any extenaion a renewal hereof, Witness the hand snd sesl oi each party. S/Kenneth Lero Smith ~~q £ (5~?U S/Alice Mae Smith ~u ( ~ 27 • ~ ~ State Revenue ~u i > MOW, THFREFORE, ths MORTGAGOR fo~ the purpose of securirg p~ymem of said sum of S ~ 8~~~' ~ , ae+d tM perform~nce of tM coven~nts and a~reement~ hereinafrer expressed, and fo? dive~s good and wlwble considerations, by these preients, does yr~nt, barQain, sell, rsmise, ~ release, tonvey and confirm vnro tl+e MOR1GAGfF, its sutcessors snd sssigns, all that certain lot, picoe or pucel of I~nd, sitwte, lyinp, ~nd beinp in the ; C.ovnty of St . Lucie ~ata of Florida, described ~s follows: Lot 19, Block 73, Unit 7, LAKBWOC~D PARK, as per pZat thereof ± on f ile in Plat Book 11, Page 13 recorded in the public re- cords of St. Lucie County, Florida. , ~Q MPQ ~A7 ~ . Of ~ s~ a ~ ~ ~AR~ ~ ~ ~ Q ~ ~ CJ~~p`ME~EN , ~'Z 1 ouF pN p~,~, ur ~ ~ . ~°'s ~~PZ u% ~ ~ ' ~ ~ ~CtS L~ ~ ~ ~ ~ a~t ~ t~w~~ ~ ~ s~ ~ qwdirt ~'0~~ /n ''i` ~01Nr? ; ~ ~ o ~ P~oz . . , ~ ~ o _ illl , i i ' I ! rogether with all ~nd tingulsr the tenements, hereditamenb and appurtances thereunto btlaginp or in anywise ~ppertainirq thers% and all renta, issuea. ~ proceeds ~nd ptofits accrving and to accrue from said premises, all of which ~re included in ths ~bov~ a~d forpoirg dncription and h~b~ndum. ~ TO HAVE AND TO HOW the sbove desuibed and ~nnted premises unto the taid MORTGAGEE, its wocessas a~d ~ssiqru fw~v~r. Md th~ qid ` th~ir ' ; ti?ORTGAGOR for hein, executon, administrstort and auigns, hereby coven~+ti with tM said MORTGAGEE, it~ s~ret~ton ~~d aaipro. ( rhat they are ~~M,{ully u~zed of the wid premises in fee simplr, that the ~arr» u~ frN, cku and diuhuyed from all lisns and ancum- ~ ; brances in law or in equity, ~od thst they w~~~ their hein thall wsrnnt u~d deftnd tIw fitl~ to iht uen~ fo fht wid ~ t ; MORTGAGEE, its wcc~ssors and assigns, fwever ap~irot the tawful claaru ~nd dem~nds of all patau; ~ PRQVt~ED, ALWAYS that if the MORTGAGOR :hall pay unto tM MORTGAGEE the promistory note hertinbefor~ d~scrib~d and ~hall truly, promptly ! and fully perform, disch~rge, execute, compk~e, comply with and abide by each and every the stipulations, ~graem~nts, condiians and covenanq of ~aid ~ promiswry note ~nd of th'n Mortgaye, then this Mortgspe snd the Est~ta hereby aeated sh~N ceau and be null and void. IT IS UNDERSTOOp tMt the word "Mortgsgor" whether in tht singvlar or plw~l anywher~ In fFus Mortpa~ th+ll b~ sinyvlu if oew only and shall be plural 'pintly and sev~rally if rrwre thsn or?~, ~nd that the wwd "their" as used ~nywMr~ in thh Monyap~ shall b~ taken to meu? "his," "Mn," w"itt,° whertver the tontext w implies or ~dmits. Also, tF~at wherever there is a referenc~ in the covenanb snd spreemtnts herein oonfal+~d !o ~ny of i rhe psrties hereto, tF~e s+me shall be consrrued to mean ~s well ~s tM heirs, ley~l rep~esent~tive~, s~cceswrs snd ~uiQm (eitMr voluntary by act of the parti~s or involuMary by operation of the law) of the i~me and that the covenaMS her~in cont~ined shall bind s~d tM benefib ~~d ~dvant~p inur~ ro tht respeetiw hein, kgal representativa, tucceswn and au'9ns of the paniq i~e~eto. Md ssid Mortyayors, for themselves arid theFr heirs. leQal repretentstives, succeuas and ~ugM, hereby joiMly and ~everally coven~nt and pree ro and with the ~aid MORTGAGEE, itt successon and ~ssigns: 1. To pay all and ~ingular tfie principal and inte?est ~nd the vsriovs ~nd sundry sums of mo~ey paYable by virtw oi said promiiwry note, and thi~ mwtyape, sach and ~very, promptly on the days respecrively tAe same a~v~rally beco~r~ due. Z To p~y atl ~~d singular the a~ces, assesunents, levies, liabilities, obliyations ~nd ~ncvmbranc~s of every n~tw~ ~nd kind now on said dacrib~d a prop~rty, w that iwreah~r msy b~ impwed, wHered, plac~d. kvied. a~ues~ed ther~on. w th~t Iwr~aftK may b~ kvwd a usesad upon thb Mort~ ~ ag~, a tM indebt~deKSS ~ecured hereby, each and every, whH+ dw and p~y~blr, aocordinQ to law, befa~ t1+ey becan~ d~linqwnt, ind b~fut any interat atEaches a any pen~lty is inturred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHALL SE PROMPTIY SATISf1E~ AND DISCHARGED OF ' RECORO AN~ THE ORICaINAI OffICIAI DOCUMENT (SUCH A5, FOR INSIANCE, THE TAX RECEIPT OR THE SAit$fACT10N PAPfR OFfIC1AllY fN00RSED ' OR CERi1f1E0) SHAtI OE PLA~fD IM THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEX1 AfTER PAYMENT; and in the ewnt that any tF~ereof i~ nw F paid, iat'sfied ~nd dischar sa:d MORTGAGEE m~ at an time 9~ Y Y P+Y ssme w~ny part thereof without w~ivir?p w affettinp any optan, lien, equity or •iqht ur~dar a by virtve of this mortgage and the fu11 amount of each ~nd every such p~yment shall be immediately dw snd pay~bl* +nd shall bear imtrest ~~om ti~e d~te thereof until paid at rate of nine per tentum per annum and toye~F~e~ with such interpt iha y the 1' f ~moryta~e. ~ ~ 6uUK PAGf ~;(,1~ ~ ; - ~ ~--~3~ ; ~ b~~ _