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Home My WebLink About0331 s ` ;~3959~ . . ~ ~ _ . THIS INDENTURE. Made the_- 2~ St dav of ' ~~~@~ _ A.D. 19~, between Walter E. Bailey and arlotte H. Bail"ey,_his Wife of St• I'uC~B County Flwids, hereinafter designated as the "MORTGAGOR." and FIRST fEDERAI SAVINGS AND LOAN ~ ASSOCIATtON OF FORT PIERCE, ~ corporat~on organized and existing under the laws of the U~~ted S~atos of America and Mvi~g its principa) ptace of busmess in the City of Fo~t Pierce, S~. lucie County, flo~~da, hereinafter des~g~ated as the "MORTGAGEE:' WHEREAS Ihe MORTGAGOR is justly indebted to the MORIGAGEE in the sum of S 20~ 5~' ~ good and lawful money of the Un~~ed ~ States advanced by the MORiGAGEE unto the MORTGAGOR, as evidenced by a certa~n promiuo~y note of even date herewith, of wh~ch the following in ~ w•ards and figures is a true copy, to-wit: ~ ` z 5 10ot 88i~3 20' oo•~ Fort Pierce. Ftaids. ~p~mber 2~ ~y 72 Fw value received, we or either of us, prom~se to pay, without defalcati~n, to the order of ftRST FEDERAL S.A~VI~NGS AN~ IOAN ASSOCIATION OF iORT PIERCE at Fort Pierce, Ftorida, the s~m of S-2O~5~'~ w~th interest from date at the rate of o per annum, in monthly install- ~ ~nems as fol!ows: S on the ~ st day of February_, ~9~ and a like sum on the correspond~ng day of each month thrre- afrer until the whole be fully paid. ' Each ins~allmenf iirsl shall be appl+e~ in payinent of the interest and ~hen on the unpa~d ba~ance of the princ~pal sum_ If d ault is msde in the ~ ~;ay~nent of any installment when due, and such default cont~nue~ 30 days, then at the opti~n of the holder, and without any other notice, all the remsi~ing , ti ~•,;rallments shall be due and payable af once. Privilege is give~ to prepay this note in whole or in part s1 any time without penalty. Neither forebear~nce, ~ nor acceptance by the holder thereof after any default in any payments hereon, shall be dremed extension. A late payment charge of f $•30 shal) be 1 ~dded to each installnernt remaining unpa~d 7 days after its due date, and a like sum shall be added to each :uch installment remaining unpaid 7 days after ~ each succeeding paymeM date. ~ Each make?, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayment, snd further ' agrees to any extension of t~me of payment, eirher before or after maturity, without not~ce to any of us; and to pay all costs of collection, includ;ng a ~ ~easonable attorney's fee in the event of any defau~t hereunder, and hereby severally waives all benefit of homestead and exemptio~ under the conatitution a~~d laws of each State of the Un~ted States, as against this obligation or any extension or re~ewal hereof. ~ lhitness the hand and seal of each party. \ s/ Walter E. Bailey ~Ai~ (SEAI) s Charlotte • a QY ($EAl) ~ $30.75 ~ ) State Revenue (Sremp~-teneeMed-ew-s?igiwd-+~Me) 20 500 00 NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of = ~ • and the performance of fhs covenants and agreemem~ hereina(ter ezpressed, and for divers good and valuable considerations, by these presents, does grant, bargai~, sefl, remise, reiease, convey and confirm unto the MORTGAGEE, its successors and assigns, alt that ce~tain lot, piece or parcel of land, situate, lying, and being in the County of St'. ~1Cie and State of Fbrida, desvibed as fol~ows: Lot 12, Block 3123, PORT ST. LUCIE, SECTION 1~5, as per plat thereof on file in ?lat Book 16, Page 25, of the Public F~ecords of St. Lucie County, Florida ~ ~ ~ ~ ~ i E ~ _ STATE oF FLORIDA ~ - ~c jjl~ DOCUMfNTARY ,•-•a.; STA~__ i UFP?_Ur' RfVENUF .i~ ' •'s G~ ;;,`."?_'<T . } 'i. °CS _ _ x~ ~o•i2 ~ = 3 0 T 5 ~ ~~rt~o s_~--- ~ / " ' GdE Gti ~lASa t::;.~i,t?iuLE FENSOItHL , ' •c.. Y, ,n ° ~ P-~- ~`•y••'~' ' P~r:vS'ur.t~iT iJ CtJU'iFR 31-13r. ',!."jS QF 1'_~=mt.G o - ~~~e2 KtK',ER Ppli:JS ~ CLFs.~K CIRCWT C~l;~cj~ ST. WCIE ~li~ rogether with a~l and singula? the tenemtnts, hereditaments and sppurtances thtreunto belonging or in anywiu appertainin9 thereto, and all rent~, iuws, Proceeds and profits accruing and to accrue from said premises, all of which are included in 1he above +nd foregang desuiption and habendum. TO HAVE AND TO HOID the above described and granted premises vnto the ssid MORTCaAGEE, iti iucceuors snd assigns forever. Md tM said I'•10RTGAGOR for t'h@ir___ he;rs, executo~s, administrators and aisigns, herehy covenants with the tsid MORTGAGEE, it~ s~rccessors ~nd af~ipn~, ihat -~e~-~~ ~awfully seized of the said prem~ses in fee simple; that the same are free, ckar •nd discharged from dl liens +nd encum- ~ brances in law or in equity, and that thev w~ll and their heirs shafl warrant and defend the title to the same to tM said MORTGAGEE, its successora and ass~gns, forever against the lawful claims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay uroo the MORTGAGEE the p~omissory note hereinbefwe described and shsll truly, promptly a~d fully perform, d~scharge, execute, complete, comply with and abide by each and every the stipulations, agreements, condi~ions ind covenanfs of uid ~ prom~ssory ~ote and of this Mortgage, then this Mortgage and the Estate hereby created ah~l~ cease ~nd be null snd void. IT IS UNDERSTOOD that the word "Mortgagw" whether in the singular or plural snywhere in this Mortgsge, shall be sinyulsr if one only and ~ shall be plural jointly and severally if more than one, and that the word "their" as used anywhere in this Matgsge shall be taken to mean "hii;' "hen;' ~ or "its " wherever the conteat w implies w admits. Also, that wherever there is s refererxe in the covensntf •nd sgreements herein contained to ~ny of the parties hereto, the sarx shall be constrved to mean as well as the heirs, legal representstives, successon and sssigns (either voluntary by ~d of the pa+ties or involuntsry by operation of the law) of the same and that the covenants herein contained shall bind and the benefitf and adv~nta9e~ inure ro ~he respedive heirs, lega~ representatives, successws and ass'gns of the psrties hereto. And ssid Nbrtgagors, fo. themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally coven~nt and agree ro and with the said MqRTGAGEE, its successors and assigns: 1. To pay all and singular thc principsl and interest and the various and sundry s~ms of money payable by virtue of said promiuay note, •nd this mwtgsge, each and every, promptly on the days respectively tke same uverally becom~ due. 2. To pay all and iingvlar the tsxes, assessments, levies, liabilities, ohligations and encumbrsntes of every nature and kind now on iaid described property, d that hereafter may be imposed, suffered, pleted, levied, w auessed thereon, w that hereaiter may be levied or assessed upon this Mort¢ age, w the indebtedness secured hereby, each and every, when dve and payable, accordi~g to law, befae they became delinqueM, and befon •ny inte?e~t attaches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF RECORO AND THE ORIGiNAI OfFIC1AL DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR TNE SATISFACTION PAPER OFfIC1ALlY ENDORSE~ OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event Ihat any thereof is not pa~d, sat'sfied and d~scharged sa'd MORTGAGEE may at any t~me pay the sam. or any pert thereof without waiving or affecting any option, lien, eq~ity w •iqht ~nder or by virtue of this mortgage and the ful~ amovnt of each and every such payment thall be immediately due snd payable and shall bear iMerest ~rom the date thereof until pa~d at rate of nine pe~ centum per annum and togs~her with such interest shall be ucured by the lien of th:s morytaye. aoox 20~ vncE 3~1 - - - ~~-y. ~~A-~=:~