HomeMy WebLinkAbout2860 2392~6 ~O ~
THIS INDENTURE, Mad~ ~ne 3rd d,y ,f October A.o. ~9
~2~ atW.~„
Joe C. Hollowav and Jean 6. Hollow~y
of St • Lt1C i@ County Florid+, (+~r~inafte~ deiignatcd ~s fji ."M(~RTGAG01p" F!f~SJ FEDERAL SAVINGS AND IOAN
ASSO~IAtION Of FORT PIERCE. a corpwation organized u+d exi~tin~ unda ~h~ Isv~n of 1M Unit~d Statas of An?xiti ~nd havinp in principal plsce of
busir?~ss in tM City of fwt PiKCe, S~. luci~ County, Flwida, he~ein~fter d~iipnated ~i tM "MORTGAGEE:
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WHEREAS tM MORTGAGOR is ju~tly indebted ro th~ MORTGAGEE in the wm ot = 1 , good and lawful money of !he Un~ted
Statei advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a cer~ain promiaiwy note of evsn d~te herewith, of which the {ollowinp in
words a~d fi~urea is ~ trw copy, to-wit:
~ 10~000.00 ~ 10018878
~ P~~.. F~~~~, October 3, ~y~_
Fw vaiue ~eceived, 1, we or ei;her o( us, prom~se to pay, withovt defalcat~cn, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
~ FORi PIERCE af Fort Pierce, Florida, the sum oi s l~ s~~ w;th interest irom date at the rate of 7• 7-%
per annum, in ~~onthly install•
menf~ ss fo!lows: s 83 ,on the 15t ~y of December ~ ~y 72 ~ lika sum on the correspondiny day of each month there-
~ afrer until the whole be fully paid.
~ Each installment first shall be appl~ed in payment of the interest and then on the unpaid balance of the princlpsl sum. 'If d ault is made in the
_ payment of any installment when due, and such default continues 30 days, the~ at the optio~ of the holder, snd without sny other no~ice, all the remaining
; ~nstallments shall be dve and payable a? once. Privilege is give~ to prepay this note in whole or in part at any time without pe~alty. Neither forebcaruxe,
, nor acceptance by the holde~ thereof after any default in any payments hereon, shall be deemed extension. A Jate payment char9e of = 4~ 15 , thalt be
~ added ~o each instatfinent remainirg vnpaid 7 days after it~ due date, and s like sum shall be added to each such installment remaining unpaid 7 d~ys after
each succeeding payment date.
Each maker, surery and endorse~ hereof, jointly and severally, waives demand, preuntment protest and notice of protest fw nonpayment, ~nd further
agrees to ~ny extension of time of payment, either be(ore or after maturity, without notice to any of us; and to pay all costs of collection, includiny a
~ raasonabk attorney's fee in the eve~t of any default hereunder, and hereby severe~ly waives all benefit of homestead and exemption u~der the constitution
and laws of each State of the United States, as against this obligation or ~ny exlens~on w renewal hereof.
~ Witness the hand and aea~ of each party.
~ S/Jce C . Hollo~vay ~AU
cs~?~)
~ _S/Jean E. Hollopay
~
' ( `~15'00 ~ Stete Revenue ~U
- ~ NOW, THEREfORE, the MORTGAGOR fw the purpose of securi 10 ~0 ~ performsnce of the
ng payment of said sum Of : ~ • , ~~1 fhe
= covenants ~nd agreements hereinafter txpressed, and for divers yood and valuable considerations, by these presents, does gr~nt, buysin, selt, remiu,
release, convey ~~d tonfirm unro tF~e MORiGAGEE, itt svccessws and suigns, sll thaf tertain lot, piete or pucet of land, situate, lying, and beirg in tM
Covnty of St . Luc ie ~od Sate of Florida, dewibed a~ follaws: '
The West of Lot 2 and all of Lot 3~ Block 4, ROY G. HILLIARD*S ~
SUBDIVISION, as per plat thereof on file in Plat Book 4, Page 17~
recorded in the public records of St. Lucie County, Florida.
A~ oF ~1 S~
MpD ~
~ ° ~jCUMENjARY
`~O v_EPt. o~ RE~ENVE : ! RE~JIED D• G~ IN PAYl1ENf OF TAXES
- ~ ~ oct -3'i! ` . = ~ 5. ~ ~ ~ oui ar aass ~ ,rn~e~ r~~sowu r~+r.
c. ` ~1, ~ /O~IIINT TQ C11AP'tER 71•~34. ACTS OF l~?1. ~JJ ~ t
~ =111G2 Iq6ER POITRAS
~ CtFAK CIRCWT OOUItT. dt. l!lCIE 00. FUl
together with all ~nd singular the tenements, Aereditaments ~nd ~ppurtar?ces thereunto belonginq or in anywise appertainirg thereto, and atl rents, istues,
p~Oteeds ~nd profiri uvving and ~o accrue from ~aid premises, a!1 of whicfi are included ir? tl+e abov~ and fwa9anp dewipYwn ~nd habendum.
TO HAVF ANDiReHi= tbe above described snd granted premiset unto tht said MORTGAGEE, its sutcessors and auipns for~vM. Md th~ sald
MORTGAGOR fw heirs, executon, ~dministrstors and e~sigru, hereby tovenanri with tM s~id MORTGAGfE, its sucttssors and usiprn,
rhat they are ~,~~ii ,~~:~d of ~~a
y premiies in fee simple; that th~ sama ~re fre~, ckar and di~th~ry~d trom all Ikns and ~ntua?
brances in law w in equity, and lhat they W~~~ their he~n sMll warr~nT ~nd defend th~ rirk ro iM wm. ro rM wtd
MORTGAGEE, its succeuors u?d assig~s, fwever sgsinst ths Iawiul cl~ims a~d dem~nd~ of all persoro;
PROVtDEO, ALWAYS tMt if ~he MORTGAGOR shall pay unro the MORTGAGEF the promi~sory note hcreinbefort dexribed and aMll truly, promptly
and fully perform, discMrge, exetute, compkte, comply with •nd sbide by e+ch ~nd every the stipulations, ~yreemen», tonditioM and tovtn~nri of Nid
promiswry not~ ~~d of this !Nongage, then this Mwtyage and the Esute hereby ueated ahall ceas~ end be null ~nd void.
IT IS UNDERSTOOD tF+at the word "Mwtgsgor" whether i~ the singular or plwa! ~nywhert in this Mwtyage, shall b~ sinyular If on~ onty and
shall be piural joi~fly and ~everally if more than one. ~rid tfiat fhe wwd "the'v" ss used anywF~ere in fha Mo?tyay~ sh~ll bs taken fo mean "his:"'h~rs;"
w"i»;' wherever the context w implies or admiti. Also, tl»t wAereve? there is ~ reference in tFa covenann and ayreemenn herein canaieMd to ~ny af
rhe p~rtia bereto, the aame thall be construed to mein ~s well ~s the heirs, ley+l rtpresentativa, successon and aui~~u (either volumary by act of the
parties w invduntary by operation of the Isw) of the same and that the covensnts herein cont~ined sFwll biod ~nd tM b~nefiM and ~dvanfpes irw~~
to ti~e respectiw Min, (epal represe~tatives, successors and asa~yrn of the parties herato.
Md sstd Mortgayors, for themselvd and their hein, 1e9a1 representativa, successors ~nd auipns, hereby jointly and severally cov~nant ~nd apree
ro ~nd with the said MORTGAGEE, its succeasws snd suigns:
1. To pay all ~nd sinyular the princ;pal and interest snd the v+r'wus and sundry wms of mo~ey payablt by virtue of uid promissory nots, and this
mon~ape. ~+ch ~nd svery, promprly o~ tlx days respectivety the same sev~rally becoms dve.
2. To pay •II ~nd argular the taxes, assessmenn, levies, liabilities, obl;pations and ~ncumbr~nces of every n~tur~ and kind rww on sa;d d~scribed
P?op~rtY, a tMt here~hir nuy b~ impoud, wffered, pl~ced, levied, or ~ssessed thereon, a tMt hereaftN may b~ kvied or a~sessed ~po~ this Mort~.
a~~, a th~ indebted~ess sccured he~eby. ~ach ~nd every, wMn due and payable, accwdinp to I~w, before they becom~ dtlirquent, and befaa ~ny Inf~rest
attaches w any penalty is incurred; AND INSOFAR AS ANY TMEREOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGED OF
RECORD AND THE ORIGINAL OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, iHE TAX RECEIPT OR TNE SATISFACTION PAPER OffIC1AtLY ENpOR5E0
OR C~RTIFtED) SHAtL 8f Pl/1CED IN TNE HANDS OF SAlD N10RTGAGEf WITHIN TEN DAYS NEXT AFTER PAYMEN?; ~nd in the event that a~y thereof n nof
paid, ut'sfied and diicharged ta:d MORTGAGEE may ~t ~ny time pay the s~me o~ any part thareof witho~t waivinp or sffedi~+y ~ny option, lier~, equity or
.iqht un~kr or by virtue of this mortqage and tf?e fvll ~mount of esch and every s~ch payment shaH be immediately dve and payabk and thal~ bear int~resf
~~om the dite ihereof ~ntil paid st rate of nine per centum per an~um ~nd togeth~r with such interest shal) be secured by the lien of th:s morytsy~.
: ~U~R ~0~ PAi.i
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