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Home My WebLink About0415 1 ;~39fi5'7 4 THIS INOENTURE. Msde the 9th day of ~CtO er A.O. 19 72 ~~tween _ Kenneth R. Drew and Bvelyn L. ew, his wife of St • LuC1Q County Florida, hereinafter designared as the "MORTGAGOR," snd iIRST FEDERAI SAVINGS AND IOAN :.SSL3CIATIOt~I OF fORT PlERCE, a torporateon agsnized and existir~g under ths laws ot ths United Statas of Ametics ~nd hsving iri principal plats of busineu in ths City of Fort Pierce, St. lucie County, Fbrid+, hereinaiter desigrfated aa tM "MORTGAGEE:' WHEREAS the MORTGAGOR is juitly indebted to the MORiGAGEE in t!~e sum of i 21 s 60~• , good and lawful money of the Un~ted ~ Stares advanced by t{x MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~~ prom~uory note of even date herewi~h, oi wh~ch the following in E w•o.d~ ~nd f" uros is a true copy, to-wit: 100189OG = 21~60~.00 ~„a ,L,~., F,,,,;,~,; October 9 ~y 72 ` for value ?eceived, 1, we w either of us, promise to pay, without defalcation, to rhe order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION Of fORT PIERCE at Fort Pie+ce, Florida, the sum of S 21, 600. w,;th interest trom date at the ratc of 7• 5% per snnum, ~n month~y inslall- z~ ~nents as fotJows: = 175•~ on the 1St ~y of February _ ~q 73 and a like sum or~ the correspond~ng day o' each month there- v afrer until the whole be fully paid. ~ Eath installmeM iirst shall be applied in payment of the interest and then o~ tix unpaid balance of the princ~pal sum. If d ault is msde in the ` Fayment of any installment when due, and such default co~tinues 30 days, then at the option of the holder, and without any other notice, all the remaining installments shai~ be due and payable at once. Privilege is given to prepay this ~ote in whok or in part at any time wilhoul penalty. NeitAer forobearance, ~ ~ , nor atcrptance by the holder thereof aiter any defavlt in any payments hereon, shalt be deemed extension. A late payment charge of s 8~ 75 shall be , added to each ins~allment remai~ing vnpa~d J days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after ' each sucteeding payment date. . Each maker, surety and endorser hercof, jointly and severally, waives demand, presentment protest and notice of protest for ~onpayment, and tunher agrees to any extensio~ of time of payment, either before or after maturity, withou! nof~ce to any of us; and to pay all coats oi collecfion, includi~g a ~ reasona6le attorn~y's fee in the event of any default hereunder, and hereby seve~ally waives all benefit of homestead and exemption under the constitutan ~nd laws of each State of the United States, as against this obligation w any ez~ens~on a renewal hereof. Witness the hand and seal of each party. . s/ K~neth R. Drew ~AU (SEAI) ~ s/ Bvelyn L. _Drew ~ ,532.40 ) State Revenue ~Au v (i~ww~? ~w~eJled ~ow ~r:gw~4.wae~ NOW, THEREfORE, the MORTGAGOR for the purpou of securing payment of said sum of = 21 + 6~. and the pe?fwmance of tha covenants and agreements hereinafter expressed, and for divers good and valusble considerations, by thex presents, does grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and auigns, atl that certsin lot, piece w parcel of Isnd, situate, lying, and being in the tounry of St. Lucie and Stste of Fbrida, dewibed as follows: Commence at the Southwest cornex of Lot 13, thence run Easterly along the South line of said lot a distance of 159.35 feet to the Point of Beginning, thence continue Easterly along the said South line of Lots 22 and 13 a distance of 80.00 feet to a point, thence rnn Northerly parallel to the Sast line of Lot 13 a distance of 158.47 feet to a poiat, thence run Westerly a distance of 80.21 feet to the point of intersection of Lots 3, 4 and 13, thence run Southerly parallel to the East line of Lot 13 a distance of 158.4~ feet to the Point of Beginning. Al1 of the above dQscribed lying and being a part of Block 173-A, Unit 12-A, LAKEWOOD PARK SUBDIVISI01~; as per plat thereof on file in Plat Book 11, pages 35, 36 and 37 of the ,Public Records of St. Lucie County, Florida, ~ N STATE ~F ~LORiDA; `r DOCUMENtAR~F/'~~,STAMP it. • ~ 4 ~ ~ pEPT. UF REYENUf . ~i _ _ _ ~.r „~T: _ ~ 3 2. 4 0 ~ . ~ ,M ~n o= vY. OIIE ON CUSS T' IktANr,IBLE PEA = 11102 ~ P t t R S I I A N T T O C F{ A P"' 7 ~ 0 1-I~1. ACTS Of 1y71. ~-r , . . . . Rtr:;E : ?OIi~J1C ~ GFAK CIRqlIT CO:1RT, ~i. l,x:iE 00., FU~, I i together with all and singulu the tenements, hercditamen» ~nd appurtancei thereunto belonging w in anywise appert~ininp thereto, and ~1) rents, tuuts, I proceeds ~nd profin accruing ~nd ro acuue from ~aid premixs, sll of which are inctuded in the abovs snd foregoinq description ~nd Mbendum. TO HAVE AND TO HOID the above desvibcd and granted premises unto the ssid MORTGAGEE, its sutcessws ~nd ~signs forever. And tM said ' their ( MORTGAGOR fw hein, executors, adminisrrators and aisig~s, F+ereby covenanti with the said MORTGAGEE, its s~ttesson and as~i~ns, ~ ~haT _ th@~! aY@_ ~awfully u~zed of the taid premises in fee simple; that the same are free, ckar ~nd discharyed itom all liens a~d encvm~ ~ brances in law or in equity, and that they wil! and thelr. heirs shsll warrant aod defend the title to the iame to th~ said N~ORTGAGEE, its s~ccesso?s and sssigns, fo~eve~ against the lawful claims and demands of a!I persons; PROVIDED, AlWAYS tMt if the MORTGAGOR shall pay unto the MORTGAGEE tFx promiuory rate hereinbefore described and shall b~ly, promptly , and fully perform, diuhsrge, execwe, cbnpkte, comply with and abide by each and evcry the itipulationa, agreements, conditions a~d covenanh of said promissory ~ote and of this Mortgsge, then this Mortgage and the Estate hereby veated ahall cease and be null ar?d void. ' IT IS UNDERSTOOp thst the word "IfAortgsgor" whether in the sirgular w plural snywhe+e i~ tbis.Mwtg~ge, sball be sinpular if one only and I shall be plural joinHy and sevenlly if more than ooe, snd that the word "their" ss uied anywhere in this Nbrtgsge shall be taken to mean "his;' "hen;' ~ ' w"its;' wherever the context ao implies or ~dmits. Also, thst wherever there is a referente in the covenants and s9reemeats herein contained to aay of ! the parties hereto, the same ~hall. be cautrued to mean as well as the heirs, Iegal represent~tives, successors and assigns (either volunt~ry by act of the I parties a involuntary by operation of the law) of the same and that the covenaMS herein contained shall bind •nd the benefits ~nd adwntages in~r~ i to the respective hei?t, legal representatives, successors and asrgns of the partid hereto. And said Mortgsgors, for themselres and their heir~, legsl ~epresentatives, successors and auiyns, hereby jointly and severally covenant •nd pree to and with the ssid M~RTGAGEE, irs successors and assigns: 1. To pay all and singular the principal and interest ~nd the +arious and sundry sums of mo~ay payable by virtue of said promissory note, and this mortgage, eatF~ and every, promptly on the dsys respectivety the same severally become due. ~ I 2. To pay •It and ~inqulu the ta,ces, assesunenb, levies, liabilities, obligatans and encvmbrarxes of every nature •nd ki~d naw on said described property, or that hereafter m~y be imposed, tuffered, placed, levied, or ~ueued thereon, p fhst hereafte? may bs levied a aaseised ~pon tha Morf¢ age, a tl?e indebtedness secured hereby. e~ch snd every, when dve and payable, accwding to lew, before they become delinq~eM, and befae any iMerest attacF~es w any penalty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGED OF , RECORD AND THE ORtGINAt OFFICIAI OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffIC1AtLY ENDORSED OR CERi1f1E0) SFiAII BE PiACED IN TI~E HANDS OF SAlD MORIGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that eny thereof is not paid, saYtfied and discharged sa:d MORTGAGEE may at any time pay the same w any part thereof without wsiviny or affecting any opYwn, lien, equity or .iqht ~ndcr or by virtue of this mortgage and the full amount of each and every iuch payment sbafl be immediately dve and payable and sball bea? iMerest ?iom ~he date tF~ereof until paid at rataof nine per centum per annum a~d together w~th such interest shall be secured by the tien of th:s mor~tsye. =u~K 2U`~ ~~~t 4~5