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Home My WebLink About0319 239588 ~ TMIS INDENTURE. Made the yth day of ~ctober n.p, 1972 betwaen Frank E Cole and Lou i se l.^Cole . h i s wif e , r ~ 1 of SL , l.11C1@ ~punfy florids, hereinatter designated as the "MORTGAGOR," and FIRST FEOERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, s corporat~on organized arRd existing under the Iaws of Ihe Un~ted S~atQS of Americ~ and having iq princip+l plsce of business in the City of Fo~t Pisrce, St. Lucie County, Florids, hueinaiter designated a• the "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of : 22 f OOO. Ol~ 9~ and lawful tnoney of the Un~ted ~ S~ates advanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a certa~n promissory note of even date herewith, of wh~ch the iollowing in wordt and figures is a true copy, to-wil: z 22, 000. 00 10018908 ~ Fwt Pieres, Florida, ~ctober 9~ 19_?~ For value receivcd, 1, we w either of us, p~om~se to pay, without dafalcation, to the order of FIRST FEDERAI SAVINGS AND LCAN ASSOCIATIOY OF ~ FORT PIERCE a1 fwt Pierce, Florida, the sum of j 22~ 000• 00 with interest from date at Ihe rate of 7• 7~e pe+ annum, in monthly i~stall- rr~ents as foi!ows: S 181 • 0O a+ the 1 St day of ~eember ~9 72 and a like sum on ~he correspond~ng day of each mooth there- afrer until the whole be fuily paid. ~ Each installment first shall be applied in paymem of the inte~est and ~hen on the unpaid balance of the princlpal sum. If d ault is made in the ` payment of any insrallment when due, and such default cominues 30 days, then at the optron uf the holder, and w~thout any other notice, atl the rema~ning - ~nsrallme~ts shail be due and payable at once. Privilege is given to prepay this note in whole or ir? part at any time without penahy. Neifher fwebearance, ~ nor atceptance by the holder thereof aiter any default in any payments hereo~, shall be deemed extension. A late payment charge of = ~hall be ; ad~ed to each ins~ailment remaining unpa~d 7 days after 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 endorser hereof, jointly and severally, waives demand, presentrnent. p~otest and notice of protest for nonpayment, and further ` agrees to any extension of time of paymen?, either before or after maturity, without notice to any of us; and to pay all costs of collection, includ+ng a , r~esonable attorney"s fee in the event of any default fiereunder, and hereby severally waives all benefit of homestead and exemption under the co~stitution and laws of each $tate of the United States, as against this oblgation or any eztens~on or renewal hereof. Witness the hand and seal of each party. ~ s/ Frank E. Cole ~~A~~ (SEAI) , s/ Louise L. Cole (SEAL) cs~?u ~ $33. 00 ~ $tate Revenue E5 ~nps =~lad~o~a ~c~ mt mas) NOUV, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 22 • 0O0 • and the pe?formarce of the covenants and agrcements hereinafter exp~essed, and for d~vers good and valuabte considerations, by these presents, dces grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and auigns, ail that certain lot, piete or parcel of Iand, situate, lying, and being in the Co~r.ty of SL . Lucie and State of Fbrida, desuibed as follows: Lots 2 and 3, Block 150, LAKEWOOD PARK, UVIT #11, as per plat thereof on ~ file in Plat Book 11, pages 32A, 32B, 32C and 32D, of the Public Records of St. Lucie County, Florida, , , ~ o STATE ~ ~ s OCUMENTARY~ ST~_ tl~_ ~ ! a' a A--- T- Gf REVENUE fi ~ { ~ i~ _ _ ~i ,~~z . • - ~ 3 3. 0 0 1 . o - tP ~Z ~ ~ ~ ~ o iN Pun~a~t oF T~s ~ •C ~prllrGlelE PE~~ P~ N~T TO CHI~•'' ':•1-1~4. IICiS OF 1911,~„~~ t;tt:+z~ ~1~ ~ ~~RK CIRCt11~ Cui7Rt. S1. U1CIf 00., ~ rogetFxr with aIl and singu;ar the tenements, hcreditaments and appurtances thereunto betongi~g a in anywise appertsininy thereto, end ~II rents, issues, proceeds snd profits aaruing and to accrue from ssid premises, all of which are inclvded in the above and foregoirg dewiption and habendum. TO HAVE AND TO HOLD the above de:cribed and granted premises unto the said MORTGAGEE, its successws snd sssigns forever. Md tM said MORTGAGOR for t~e 1~----- he~rs, executws, administrators and assign~, hereby covensnts with the t~id MORTGAGEE, its iucceuors and ~s~ipm, the aze rhat - y lawfully seized of the said premises in fee simple; that the s~me are free, clear and diuharged from •11 Iiens and encum- brances in law or in equity, aed that thQS( w;11 and thelr ~ heirs shall wsrrent and defend the title to the s~mt to the said MORiGAGEE, its succeuors a~d assigns, forever agai~~t the lawful claims and demands of all persons; ~ PROVIDED, AIWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hereinbefwe desuibed and shall frvly, promptly ~t and ~ully perform, d~scharge, execute, complete, comply with and abide by each and every the atipulations, agreements, conditions and covensntt of said promissory note and of this Mwtgsge, then this Mortgage and the Estate hereby created shall cease ~nd be null and void. ~ IT IS UNDERSTOOD thst the word "Mortgagoi' whtther in the singular w- plurol anywhere in this Mwtgsge, shsll be sinyulsr if one only and ~ shall be plural jointly and uverally if more thsn o~e, and that the wwd "their" a~ used ~nywhere in this Mortgage shall be tsken to mean "his;' "hen;' ~ or "its;' wherever the contezt w implia w admits. Also, thst wherever there is • reference in the covenanti and agreements herein contai~ed to sny of rhe parties hereto, the same shall be construed to mean ss well as the heirs, legal rep?esentatives, sutcesso?s and auigns (either voluntary by sd of the parties or involuntary by operetion of the law) of the same and that the covenants herein containec! shall bind and the benefitt and sdv~ntages inur~ ro the respective heirs, legal representatives, ivccessws and ass'gns of the parties hereto. And said Mortgsgors, for themselves and their hein, legal representatives, successws ~nd auigns, hereby jointly and severally covenanf and ayree ro and with the said MORTGAGEE, its successors and assigns: 1. To pay all and singular the principal and interest and the various and su~dry sums of money payable by virtue of said promissory note, and this mortgsge, each and every, promptly on the days respectivcly the same xverally become due. 2. To pay all snd singular tMe tsxes, assessments, levies, liabilities, obligations and encumbr~nces of every nsture snd kind raw on ssid dewibed property, dr tF~~t hereafter may be imposed, suffered, plxed, levied, w assessed thereon, or that Fkreafter may be levied a aasessed upon thi~ Mort9- age, a the indebtedness secured hereby, each and every, wFxn due and payable, xcording to law, before tF~ey become delinquent, and before ~ny intereit arraches w any penalty is i~curred; AND INSOfAR AS ANY THEREOF I$ OF RECORD THE SAME SHAIL BE PROMPiIY SATISFIEO AND DISCHARGED OF RECORD AND THE ORIGINiAI OFfIC1Al OOCUMENT (SU~H AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACT~ON PAPER OFFICIALLY ENDORSED OR CERTIFIED) SHALL BE PLACED IN THE HANDS OF SAIO MORTCAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any thereof is ~ot paid, satsfied and discharged sa'd MORTGAGEE may a~ any time pay the same w any part thereof withovt waiving or affecting any option, lien, equity a ~pht under or by virtue of this mortgage and the full amount o1 each and every such payment shall be immediately due and payable artd shall bear intereft ~rom the date thereof until paid at rate of n~ne pe~ centum per annum and together w~th suc i r ~y be secure~~t~ lien of th'i morgtsye. a~~ l PAGi 3 - - - - - - .