HomeMy WebLinkAbout0329 239593 ~
THIS INOENTURE. M~de the 6th day of October A.D. 19~1 betwee~
Donald E Thigpen and Shirley A T~i en¦ his wife ,
of $t . Lucie County Florid~, heroinafte~ deignated as the "MORTGAGOR;' and FIRST FEqERAI SAVINGS AND IOAN
ASSpC1ATtON OF fORT PIERCE, • co~poration uganized and exis~ing under the laws of 1he United S~at~i of America and havinp its principal pl~ce of
busmess in ti~e Lity oi Fwi ?imiir, Si. i..t~o C.-..:~ty, f?o:~da, hetcinafter designafed at the "MORTGAGfE."
WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 7 • , good and lawful money of the Un~~ed
S~ates advanced by the IAORTGAGEE unto the MORiGAGOR, as evidenced by a certa~n promisswy note of even date herewith, of wh~ch the followin9 in
words and figures is a true copy, to-wit:
s 7.t300.00 ~ I~Oi8894
Fort Pierce, Florida, ~tober 6 ~q 72
For value received, I, we ot either of us, p~om~se to pay, without defalcation, to the order of FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE a? Fort Pierce, Flo?ida, the sum of S 7~ 80~• w;th interest from date at Ihe rate of 7• 75Yo per ~MUm, in monthly inslall-
• ments as foltows: S 65. ~U on the15L day of ~Cember , ~9 72 and a like sum on the cwresponding day of each momh there-
after until the whole be fully paid.
Each installment first shalt be app~ied in payment of the interest and then on the unpaid balance of the princ~pal sum. If -d ault is made in tF~e
~ a~ment of anv instailment when due, and such default con~i~ues 30 days, then at the opt~on of the holder, and without any other notice, all the remaining
~~~srallme~ts shall be due and payable at once. Privilege is given to prepay this note i~ whole or in part at any time without penalty. Neither fwebearance,
nor atceptance by the holder thereof after any default in any paymenls hereon, shall be deemed extension. A late payme~t charge of =
3•25 shall be
added to each instaliment remaining unpaid 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 dsys after
each succeeding nayment date.
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protcst for nonpayment, and further
agrees to any eztension of time of payment, either beiore or after maturity, without ~otice to any of us; and to pay alt costs of collection, including a
reasonable attorney's fee in the ev~nt of any default hereunder, and hereby seve~ally waives a~l benefit of homestead and exemption under the constitvlan
and laws of each State of Ihe United States, as against this obligation o? any extension a renewal heieof.
Witness the hand and seal of each parfy.
s/ Donald E. Thigpen (S~Au
(5~?i)
s/ Shirley A. Thigpen
(sEnu
~ Cl l .70 ~ state Revenue .
E9tinq~s =n~~teitrd~l~slgtas~ ~RSRe~ •
NOW, THEREfORE, the MORTGAGOR for the purpose of securing payment of said sum of s 7•~~~ and the perfwmance of the
covenants and agreements hereinafter exp~essed, and for d~vers good and valuabie cons~derations, by these presents, does graM, bsrgain, sell, remise,
reiease, convey and conf~rm unto the MORTGAGEE, its successo+s and assigns, all tha~ certain IoL piece w psrcel of Isnd, •ituate, lying, and being in the
County of St , Lucie and Stste of Flaids, described as follows:
Lot 11, Block 4, FORT PIERCE HIGHLANDS, UNIT #1, as per plat thereof on
file in Plat Book 10, page 2y, of the Public Records of St. Lucie County,
Florida, ~
~
t STATE °F F
S~RP~~~ 1
DOCUMENTARY.~`- ~
~ DEPi. ENUE • ~ s
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RfCEtVED S-/-~-~- IN P;,`•'!11E'YT CF Tl'!rS
c Cilf CN CIASS'C' INThN613LE i E''k"+`~! PPO=E~t.ll,
p'~:~SIir~Fif 10 CttAPTER 71-13~.. '::i~ OF 19/1. r.
R06fR POITRt1S I~ %
CLfAK C1RCl~lT COtIRt, ST. LUCIF C~,
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together with all and singular the tenements, hereditamenis and appurtances thereunto belonging or in anywite +ppertaininq the?eto, ~nd ~II rent~, iuues,
proceeds and profits accruing and to accrue from said prem~xs, all of which sre included in the sbove +nd fweyoiny dewiption +nd hsbendwn•
TO HAVE AND TO HQLD the above described and granted premises unto the taid MORTGAGEE, its successws snd auipnt forever. And tFk said
their
MORTGAGOR for he~rs, executors, administrators and assigns, hereby covena~ti with tlx said MORTGAGEE, iri iutcesWrs ~nd +~~iym.
~'r,at lawfully uized of the said premises in fee simple; thst the same are free, cleer ~nd dischar~ed from all liens u!d Mcum~
b~ances in law or in equity, and that theY will and the ir heirs sh~ll warrant and defend tM title to the s+mt to the said
MORTGAGEE, its successors and sssigns, forever against the lawful claims and demands of all perwns;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore desc:ibed and sMll iruly, promptly
~ and fully perform, dixharge, e:ecute, complete, comp~y with and abide by each and evcry the stipulations, sgreements, conditions and covenanri OI ssid
N,om~ssory rate arui a th:s lt.a:~age, then this Mortgage and the Estate hereby created shall cease and be null and void.
~
~ IT IS UNDERSTOOD tMt the wwd "Mortgagor" whethe? in the singulsr w plural anywhe~e in this Mwtg~ye, shall be ~irqul~r if one only and
shsll be plural joi~tly and teverally if more tha~ one, and that the word "tFxir" as used snywhere in this Matgsge shsll be faken to mesn "hi~," "hen;'
~ or "its;' wherever the context w implies w admits. Atw, thst wherever the~e is a reference in the covenantt ~nd apreements harein contained to any of
the p+rties hereto, the same shall be construed to mean ~s well as the hein, legal rsp~esentatives, succeswrs and ~ssiyns (either voluntary by ~cf of th~
partie~ or involuntary by operation of the law) of the same and that the covenants Fxrein cont~ined shall bind and the benefits +nd ~dv~ntayes inur~
ro the respective heirs, legal representatives, svccesson a~d ass'gns of the panies hereto.
And said Mwtgagors, fo~ themulvts and their heirs, legal represerstativa, successors and assigns, hereby jointly snd severally covena~t and ayree
to and with the said MORTGAGEE, its ~uccessors and assigns:
1. To pay all and singular the principal ~nd interest and the various and sundry sums of money payable by virtue of said promissory note, and this
mortg'age, each and every, promptlY on the days respectively the ssme severally become due.
2. To psy all and ~ingular the ta:es, astessmcnri, levies, liabilities, oWigstions and encumbnnces of every nature and kind now on said desuibed
prope?ty, or th~t hereaftar may be impo~ed, suffered, placed, leried, or auessed thereon, w tMt hereafter rtuy be levied a~ssessed upon this Mwtg-
age, w tM indebtednesi sctured he~eby, esch and every, when due and payable, xcwdinp to law, be(ore they become delinquent, and befw~ any intersit
attaches or a~y penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SNAIt BE PR011MT1Y SA~ISfIED AND DISCHARGED OF
RECORD ANO THE ORIGINAL OFFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR 7HE SATISfACTION PAPER OfFIC1AllY ENOORSED
OR CERTlFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NfXT AFTER PAYMENT; a~d in the event that any thereof is not
paid, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the ssme w any part the?eof without waiving or affecting any option, lien, equify or
•iQht under w by virtue of this mortgsge arrd the full amount of each and every s~ch payment shall be immediately due and payable and sha!I besr interest
~rom the date thereof until pa~d at rate of nine per centum ptr an~um and together with such int e • ecured by the~ of th:s morgtaye.
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