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Home My WebLink About0321 ~395~~ 4. TNIS INDENTURE. Mads the 9th day or ~ October . f A.D. 19 72 ~ between Rr~nk E Cole and Louise L. Cole~ h~,s wife s of St . LIIC 1Q Cp~nry Flwida, hereinafter deignated as the "MORTGAGOR," and fIRST FEDERAL SAVINGS AND IOAN ASSOCtAT10N OF fORT PIERCE, a co~poration organized and exiiiing unda the laws of the U~ircd Statas of America and Mving iri principal place of business in the City of Fat Piace, St. lucie Cou~ry, Florida, herei~after des~gnated s~ the "MORTGAGEE:' WHEREAS the MORTGAGOR is ju~tly indebted to the MORTGAGEE in the sum of S13tOOO.O~ , 9ppd and lawful money o( the Un~ted Srates advanced by the MORTGAGEE un~o ~he MORTGAGOR, as evidenced by a cer~ain promissory note of even date hc~ewitF, of M•h~ch the following in words a~d figures is a true copy, to-wit: =13 , 000. 00 r,~, 10018909 Fort Pierte, Florida, ~tober 9 ~q 72 Fw vatue received, I, we w either of us, prom~se to pay, without defalcation, to the orde~ of FIRST FEDERAL SAVINGT AND LOAN ASSOCIATION Of FORT PIERCE at Fort Pierce, florida, the aum of j13 • 000• 00 with inre~est from date at the rate of 7• 7~',6 per annum, in maithly install- ~•~ents as fotlows: S 107 . ~O 1 St day of ~cember , ~q 72 and a like sum on the cor~esponding day of each month there- afrer until the whole be fully paid. Each installment first shall be applied in payment of tFie! interest and then on the unpa:d balance ot the princ~pa! sum.. If d ault is made i~ the g ayme~t of any insrallment when due, and such default continuea 30 days, then at 1he option of the holder, and witho~t any other notice, all the remaining ;~~staltments shail be due and payable at once. Priviiege is given to prepay this note in whole or in part at any time without penalty. Neither faebearance, nor atceptance by the holder thereof aiter any default in any payments hereon, shall be deemed extension. A late payment charge o( S S. 35 shall be e~-ti :.,<.,u..~.,,~ .....a~~s.,., unna:.l ~.Irvs afrP• i~a due date. and a like sum shall be addrd to each such installment remaining unpaid 7 days a(ter each succeeding payment date. Each maker, surety and endorser hereof, jo~ntly and seve~ally, waives demand, presentment protest and notice of protest fa nonpayn+ent, and further agrees to any extension of time of payment, either before or after matu:ity, wi~hout not~ce to any of us; and to pay all costs of collection, includ~ng a re~sonable attomey's fee in the event of any defautt hereundrr, and hereby severatly waives all benefit of homestead and exemFtion under the cons~itution ,~~d laws of each State of the United Statas, as against this obl~gation or any extension or renewal hereof. Wifness the hand and seal of ea:h par~y. s/ Frank E Cole (SEAt) (SEAI) sf Louise L. Cole (SEAL) (sES+t) C19. 50 1 State Revenue ~w~Pr-on~dlwt v~aq~at ~o+~ NOW. 7HEREFORE, the MORTGAGJR for the purpose of securing payment of said sum of = 13 • O0 +nd the performance of the covenants and agreements here~nafter expressed, and for divers good and valuable cons~derations, by these presents, dxs gnnt, bargain, s_II, remise, relzase, conrey and confirm unto the MORTGAGEE, ils successors and auigns, all that cenain IoL piece or parcel of land, situate, lying, and being in the County of St. Lucie and State of Florida, desuibed es follows: The South 132 feet of the following described property to wit: ?he South 1~ of the Northwest 4 of the Southeast 4 of the Northwest ~ in Section 20, Township 35 South, Range 40 East, EXCEPTING THEREFROM the South 10 feet and the East 25 feet for public roads;~ I o STATE ~F FLORID~. ~ ; DOCUMENTAitY,r.~::,~SIAMP iAX I f °c+ DEP1. Uf REVENUE ~`a t _ = i,Gi ~0'12 " _s ~ I 9. ~ O ~ REtE1VED ~ - IN PAYMENj ~ 7AXfS ~ ° = oo- ~ ~ • q;• t~! !1fiGI8LE PERSO~'L P40~ER(`Ij ^ = ~i~nt ~ p~ pN CU1SS ~g Of 1911. ~ O ~ r ~ . . . . ~~~WIT i0 CtJ! E~ 71-13~, ROGFit rORiIAS ~K ~pURT, 5T. LUCIE ~ fogether with all and singular the tenements, hereditaments and appurtsnces thereunto belonging or in anywise appertainirg therefo, and all rents, iuues, Pr«eeds and profits accruing and to accrue from said premises, all of which are incl~ded in the above and foregoing dewiption and habendam. TO HAVE AND TO HOLD the sbove described and granted premises unto fhe s~id NIORTGAGEE, ifs successon end augns forever. And tM said MGRTGAGOR for -L hQ l I ~~rs, executws, sdministrators and assig~s, hereby covenants with the said MORTGAGEE, iri wcceuon +nd ~sii~ns. ~ _they?~re _ lawfull xized of the said ple; tFut the same ue free, cles~ and diuhar ed from ~II Iie.u ~nd encvm- fhat - y premises in fee sim g brances in law or in equity, and that theyW~~~ a~ LhQ 1I heirs shall warrant and defend tM title to the same to the s+id MORTGAGEE, its successors and assigns, forever against the lawful claims and demsnds of all persons; PROVIDEU, ALWAYS thst if the MORTGAGOR shall p~y ~nto the MORTGAGEE the promiuory note hereinbefae dewibed snd shall truly, promptly ' and fully perfwm, d~scharge, execute, complete, compty with and abide by each and every the stipulations, agreeme~ts, conditions and covenants of said a; promisswy note and of this Mortgage, then this Mort9age a~d the Estate hereby created shall cease and be nul~ snd void. ~ IT IS UNDERSTOOD tMt the wo~d "Mortgagor" whether in the s~ngular or plural anywhere in this Mortgsge, shsll be tir~ular if one only •nd ~ shall be plural jointly and severally if more thsn one, and that the wwd "their" as used snywhere in ihis Mortgsge shall be taken to mesn "his;' "her~" ~ or "its," wherever the contex~ so impl~es w admits. Also, that wherever there is s reference i~ the covensnt~ and agreementt herein contained to •ny of rhe parties hcreto, the same shall be consnued to mesn as well as the heirs, legsl representatives, successon and ~ssigns (eithe~ volunt~ry by sd of the parties or invo:untary by operelion oi the law) of the same and that the covenants herein contained shall bind and the benefits snd advanfages inure ~o the respective heirs, legal representatives, successors and aas~gns of the partief he?eto. And said Mortgagors, fo~ themselves and their heirs, legal representatives, successws and assigns, hereby jointly and severally covensnt and ayree ro and with the said MORTGAGEE, ifs successors and assigns: 1. To psy aIl and singular the prirxipal and imerest and the various and sundry sums of money payable by virtue of said promissory note, and this mortgage, esch end every, promptly on the days respectively the same uverally become d~e. 2. To pay alt and ~ingulsr the taxes, asussmenn, levies, liabilities, obli9stions and encumbrarxes of every nature snd kind now on said dewibed property, or that hereafter may be imposed, suffered, plxed, levied, or sssessed thereon, or that F~eresfter may be lev'eed w assessed vpon ihis Morty- age, or tF~e indebtedness secured hereby, esch and every, when due and payable, according to Iaw, before they become delinquent, ~nd befwe sny interest atraches w any penalty is inturred; AND INSOFAR AS ANY THEREOF IS Of RECORD THE SAME SHAII BE PROMPTIY SATISFIED AND DISGHARGED OF ~ RECORQ ANO THE ORIGINAI OFFtCIAI DOCUMENI (SUCH AS, FOR INSTAN~E, THE TAX RECEtPT OR THE SATISFACTION VAPER OFFICIAIIY ENOORSE~ OR CERTIFIED) SHAII BE PUICED IN THE HANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the event that any thereof is rwt paid, sat'sfied and discharged sa'd MORTGAGEE may at any time pay the same w any part thereof without waiving w aifectiny any optio~, lien, eqvity w .iqht under w by virtue of this mortgage and the full amount of each and every such payment shall be immediatety due and psyable and shall bear interest ~rom the dste thereof vntil paid at rate of n~ne per centum per annum and together w~th such interest shall be secured by the lien of th:s morytsge. 6~~~207 ~A~E 321 _ . _ ~ : j ~