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Home My WebLink About2960 23930~ . : . . 3. THIS INOENTURE, N4d~ ~ihe 4Lh day of ~CtOb@1 = A.D. 19 72 betwNn Herbert A Martin and Ollie M Martin, his wife ^ of St. LUC1C CW~~y Flwid+, hereinafter designated as the "MORTGAGOR," •nd fIRST FEDERAI SAVINGS AND tOAN ASSOCIATION OF FORT PIERCE, ~ corpaation oryani:cd and exi~ting under tM laws of tM UniMd Stat~s of Americ~ and Mvinp ib princip~l pt+c~ of bus;nes~ in tM City of fon Pierc~, St. lucie Couoty. Fiwida, h~reinsfter de4ynat~d as tM "MORTG~GEE:' WHEREAS tM MORTGAGOR w justly indebted to the MORTGAGEE in the sum of S i• 0O~ • ~0 good +nd lawful money of the United S:ates advanccd by ths MORTGAGEE u~~o the MORTGACrflR, as evidenced by a certain promiuory note of even date herewith, of which the tollowinp in words and figures is a trw copy, to-wit: s 1 .000. 00 10018884 Fwt Pierce, Flw;da, ~tober 4 19.~._ Fw va~ue received, 1, we w either of us, promise to psy, wilhouf defalcalion, to the order of FIRST FEOERAt SAVINGS AND IOAN /.`SSOCIATION OF FORT PIERCE at Fat Pierce, fb?ida, the sum of =1 L~0 • O0 with interett from date at the rate of 7• 7~ ps? +nnum, in monthly instalt- ~„ems as ioltows: S 13• on the 1St day of ~cember ,~9 72 and a like xum on the cwrespw~d~ng day of each month therr after unfil the whole be fully paid. Each installment first shall be applied in payment of the interest and then on ~he unpaid balance of the princtpal sum. If d ault it made in the ;.ay~nent of any installmenf wFron due, and such default contin~cs 30 days, then at the option of the hoider, and wifhout any othcr not~ce, all the remaining ~nstallments shall be due and payable a~ once. Privilege is given to prepay lhis note in whole w in part at any time witfiout pcnalty. Neither iwebe+rance, nor acceptance by the holder thereof aftcr any default in any payments hereon, shsll be deemed exrension. A late paYmeM ch+rge of 65 ih+l) bs addzd to each imtallmeN remainirg unpaid 7 days after it~ due da1e, and a tike sum ahall be added to each such installment remaining unp~id 7 days aher each succeeding payment date. Each maker, surety and endwser hereof; joinlly and severally, waives demand, preuntment protest end notice oi protest for nonpsymsnt, and further agrees to any exte~sion of time of payment, either be(ore o~ afrer maturity, without notice to any of us; and to pay all costs of colleclion, includiny a reasonable attwney i fee in 1he event of any defautt hereunder, and hereby severally waives all benefit of homestead and exemption under the tonititution a~~d laws of each State of the United S?ates, as againat ~his obtigation w any eatension or renewal hereof. Witness the hsnd +nd se+~ of esch party. s/ Herbert A. Martin ~a ~+u s~ Ollie M. Martin . (~?U : ~ $1 . 50 i Srate Revenue ~Swmps~o~tld~on~aaae3 ~ NOW, THEREfORE, the MORTGAGOR fw the purpox of securing psyment of said sum of =1 f OOO. ~Q t~ ~~{a~M~ of th~ covenants and sprsemenh hcreinafttr expressed, and fw divers 9ood and valuable confiderations, by these present~, does grant, bar4sin, sell, remiu, release, convey and confirm vnto the MORTGAGEE, its iuccesson and suigns, all th~t ctrtain bt, piete or parcel of land, situstt, lying, and beinp in the _ County of St . Lucie ~nd Stete of Fbrida, described follows: Lots 23 and 24 of Block 8 of DREAi~.AND PARK, according to plat thereof in Piat Book 7, at page 38, of the Public Records of St. Lucie County, Florida, i This is a second mortgage being junior and inferior ~ only to a prior first mortgage from mortgagors to ~ mortgagee dated August 8, 1972, and recorded in O. R. ~ Book 205, page 317. ~ ~ ~ ST~TE oF ~LORtDA~1 a' OOCUMENIARY STAMP it. x ~ ~ U ~N p11YMENT OF Y~ c~ " UEPT.OF REVENUE ~i" • y` -~^1 RE~ S.~. ~N. ;vr~p~ ?`~cU;v:l PROPERn~ K~ _ ~T-:~~~ ' = 0 I 5 0 ~~~s ~ ~y~~. ~~C} ~ r ~ ~ o _ p~, - ~ . ~ ppR~UEiiiT 10 CEI~% `J . o =11102 •....1 ' Itl,'~E~ ?OIIRH.S ? ~LfAK CIRCU~i ~iiRi. S(. lUC1E ~0, ~ rogetMr with •U ~nd iingul~r the tenemeoa, hereditsments and ~ppurtances thereunto belaginy a in ~nywise ~ppe~f+ininp tMreto. +nd ell renb, isfuy, proceeds and profiq accruinp and to scvue from said premises, all of which are included in the above and foreyoinp dacription ~nd habendum. TO HAVE AND TO HOID ths above deuribed and gnnted premises unto th~ said MORTGAGEE, in svaessors and +uiyns fw~vu. Md th~ s+ld ~ MORTGAGOR fw t he i r ~;rs, executon, administratws and asi~gns, hereby covenanri with the s~id MORTGAGEE, ifs suttetwn u~d auigm. ~ that - they are ~~W{ully seized of tM said premises in fet simple; tMt tFw um~ ue fns, clear and discMryed from dl lie~s and entwr~ ~ brances in I~w or in eqvity, snd th~t theY will ~nd the ir hein sMll wunnt and defend tFw titl~ to tM s~rn~ to tM said MORTGAGEE, its ~ucceswrs ~nd auigns, faever against the Iawful claims and demandi of all persor?s; PROVIDED, ALWAYS that if the MORTGAGOR shall pay ~nto the MORTGAGEf th~ promi~wry note hereinbefwe dewibed and ~MII truly, p?omptly ~ and fvlly perfwm, d~scharge, execute, compkte, comply with and sbide by esch and every the stipul~tiora, a~reement~, tonditioru ~nd tovenanri of said ~ promiiwry note +nd of thu Mwtgape, then this Mortgsge and the Estste hereby ueated sh~ll u+s~ ~nd b~ null and wid. ~ ~ IT IS UNDERSTOOD that the word "Mortgsga" whethe? in the ~ingular or plowl ~nywh~n in this Mortpsp~, shall b~ sinpular if on~ only and ~ •hall b~ plurd jointly ~nd averally if more than one, snd that the word "their",as u~ed ~nywFror~ in ~his Morty~pe ah+ll be t~kee to m~~n "his,•• ••h~n•• or "iq;' wherever the conte:t w implies w sdmin. Also, that wherever there is • r~ference in tht coven~nri and apreemenri htrein contained to any of ~ rhr partid hereto, the s+me ahsll be construed to me+~ as well as the hein, leyal npresenutives, successors ~nd auipi+s (eitF~er voluntary by ~cf of tM ~ parties w involuntary by oper+tion of the law) of the same ~nd that the covenanri he~ein contained aMll bind ~nd tM benefin and ~dvantaqes inw~ ro the respective hein, Is9a1 repreuntatives, wcceswrs snd aa'gns of ti~e puties hereto. And ssid Mortg+yws, fw tixmselves and their heirs, leysl repreuntatives, wccessws and suiyro, hereby jointly •nd ievtrally covtnant ~nd ~yr~e ~ ro and with ths said 1MORTGAGEE, in tucceisors and auiyns: ~ 1. To pay ~II and sirgular the princ~pal and interest ~nd the various snd sundry wms of mo~ey payable by virtw of said promiswry note, and this ~ mortgsye, each and ev~ry, promptly on the days respectivety fhe s+me severally becorne dw. 2. To pay dl and sinpulu the ta:es, assessments, levies, liabilities, obliystiau and ~rxumbwnces of every nawn ~nd kind ~ow on s+id dauibed ~ property, w that hcro+fte~ m+y b~ impos~d, suffered. Placed, levied. a+uessed thereo~, a that her~aftsr may b~ kvied or u~es+ad vpon thb Mwtp- ~ age, or tM ind~btedness secvr~d i~eby, t+ch and ~very, when due and p+yable. +ccordinp to law, beiwe they becan~ dslieqwnt, and b~fw~ seryr intaat atraches w any penalty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAtI dE PROMPTLY SATISFIED AN~ DtSCHARGED OF ~ RECORD AND TME ORIGINAI OFFICIAL DOCUMENT (SIKH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFfIC1AlLY ENOORSED ~ OR CERTIFIED) SHAIt BE PtACED tN THE HANDS OF SAtD MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that any thereof is not paid, sat'sfied and disth~rged said MORTGAGEE may ~t any time pay the same w ~ny part the~eof without waiviny w affectinp ~~y optan, lien, equify or ~ •~9h~ under or by virtue of this mortgsge and the full amoum of esch and every such psyment ihall be immediately due and payable ~nd shall b~ar intereit <<om the date thereof until paid st r~te of nine per «ntum per annum and toyether w~th such intereyJ sb~ll red by the lien of th:s mor9taqt. BOGK~.VU PACE2~~~ k ~ : ~ ~ ~ R ` ~:~~"'m _