HomeMy WebLinkAbout0417 239658 ~
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THIS INDENTURE. M+ae ~ne 9th day or ~otober A.p. 19 72
_ Kenneth R. Drew and Evelyn L. Direw, his w~lfe
of St. Lucie ~~~~y Florida, hereinafta desgnared as the "MORTGACaOR;' and FIRST FEDERAI SAVINGS AND LOAN
%+SS~tA?iON QF FQRI PlERCE, a torgore!:=n organi:ed and ex~sting under ~he laws of the Un~ted Sutos of Americs ~~d havinp its principal p~aca of
bus~ness i~ ~he Ciry of Fort Pisrcs, St. Luue Co~nry. Flor;da, hereinafter desig~ated ss ths "MORTGAGEE:'
WHEREAS the MORTGAGOR is juttly indebted to the MORTGAGEE i~ the sum of S 21 ~ 6~O • Q~ , good and lawful money of the Un~ted
States advanced by tha MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~n p~omissory nofe of even date herewith, of which the followin9 in
words and figures is a true copy, to-wit:
= 21,600.00 10018907
, o:..__, c~N;.~,; October 9, ~y 72
~ fw value received, I, we or either of us, promise to pay, withouf defalcation, to 1he order of FIRST FEOERAL SAVINGS AND IOAN ASSOCIATION Of
FORi PIERCE at Fort Pie~ce, Fbrida, the sum of s 2~- ~6~~ w;th interest from date at the rate of7 • 5 96 per annum, in ma~thty iratall-
ments as fot!ows: S 175•O0 on the lSt day of Februarv ,~9 73 and a like sum on the cwresponding day of each month there-
alter un~il the whole be iully paid.
Each insta~lment first shall be applied in payment of the interest and then on the unpaid balance of the princ~pa! sum. If d nuh is made in the
; F,ayment of a~y installmenf when due, and s~ch default continues 30 days, then at the option of the holder, and without any other nat~c9, all ihe remaining
~ ~nsraltments shall be due and payable at once. Privilege is g~ven to prepay this note ~n whole or in pan at any t~me without penalty. tJeither faebearance,
, nor acceptance by the holder fhereof after any default in any payments hereon, shall be deemed extension. A tate payment charge of = 8'75 shall be i
added to each installment remaining ~npaid 7 days altcr its due date, and a like sum shall be added to each such installment remaining unpaid 7 days ~fter ~
each sutteeding payment date.
Each maker, surety a~d endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and further
~ agrees to any eztension of hme of paymenf, eiri,er be(o~e o~ after masurify, without not;ce to any of us; a~d to pay all costa of collection, includin9 a
reasonable attor~ey's fee in the event of any defau!t hereunder, and hereby severally waives all benefit of homestead and exemption under the tonstitutan
~ and laws of each State of the United $tates, as against this obligatio~ w any exte~sion or renewal hereof.
` W~tness the hand an~ seal of each party.
S/ Kenneth B . Drew ~AU
RvpLyrn L~ Drp~ir (SEAU
~
1-- (SEAl1
~ ~ 532.~0 _1 State Reveeoe ~
~ ?IrX~lf~[~t~}X ~
NOW, THEREFORE, the MORTGAGOR fa the r 21 6~~
pu pox of securing payment of said sum of S ~ and the performance of the
covenants and agreemeNa hereinafter expressed, and fw divers good and valuable considerations, by theu presents, does grant, barga+n, sell, remi~e,
retease, convey and confirm unto the MORTGAGfE, its succeswrs and auigns, all that certain lot, piece or parcel of land, situate, (ying, and being in ths
County of SL . Lt1C1@ and State of -flwida, dewibed a~ follovrs: {
~'ommence at the Southwest corner of Lot 13, thence run Easterly along•the South line F
of said lot a distarice of I59.35 feet to a point, thence run Northerly parallel to the
~ast line of Lot 13 a distance of 258.47 feet to the point of intez
section of Lots 3,
4 and 13, thence run Southwesterly a distance of 224.83 feet to the Point of the
E~eginning. All of the above descxibed lying in and being a part of Block I73-A, Unit
12-A, LAKEti~'OOD PARK Si~DIVISION, as per plat thereof on file in Plat Book 11, pages 3S, ~
36 and 3~ of the Public Records of St. Lucie County, Florida.
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~ rogether witF~ sll and singular the tenements, hereditameMS and appvrtances theteunto belonging or in anywise appert~inirg thersto, and aN rentt, is~ws,
~ proceeds ~nd profits accruing and to xcrue from said premius, all of which are included in tAe above ard faegoiny description and habendum.
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F TO HAVE ANQ TO HOlO the above described and granted premises unto the tsid MOQTGAGEE, ib wttessors snd aisiynt forever. And 1M s~id
s their
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a~e---------- heirs, executws, administrators and assigns, hereby covenants with the uid MOR?GAGEE, in successon ~nd ~aipm,
rhat ---Y----- lawfully seized of the said premises in fee simple; that the tame sre free, clear ~nd dis~Mrged from ~I) IiMS ~nd ~ncum~
~ brances in law or in equ~ty, and that they will and t he i r heirs shall warrant and defe~d the titk to tf?e sam~ to ths ~ald
MORTGAGEE, its successors and auigns, faever sgainst the lawfu~ clsims and demands of a!) persons;
` PROViOED, ALWAYS that if the MORTGAGOR shall pay unto the MORiGAGEE the promissory oote hereinbefore described ~nd shall truly, promptly
I and futly perfam, dixharge, execute, tompkte, comply with and abide by each and every the stipulations, sgreements, conditlau and tovtnanb of said
~ promiiswy note •nd of this Matgage, then this Matgage and the fstate hereby aeeted shsll uase and be null snd void.
IT IS UNDERSTOOD that the word "14brtgagor" whether in the s~ngular or plural snywhae in this Mortg~qe, ihall be singular if o~e only ~nd
~ shall be plurel jointly and teverslly if more than o~e, and thaf the wad "their" ss vsed anywhere in this Mortgpe shall be take~ to mean "his;' "hen;'
or "iti " wherever the conteat w implies w sdmits. Alw, that wfxrever there is • reference in the covenants and agreements herein contained to ~ny of
the pe?ties hereto, t1~e ~ame shall be caufrued to mesn as well ss the heirs, kgal reprek~tatrves, successon and assigns (either voluntary by ~cf of tlx
parties a involuntary by operetan of the law) of the same and that the covenants herein contained shall bPnd snd the benefits and advant~yes inw~
to the respective he~rs, legal reprexntatives, successws and ass'gns of the panip ircre?o.
And iaid Mortgsgors, for themulves ard thei~ hein, legal representetive~, successas and auigns, hereby jointly and severally covenant and pr~e
ro and with the said MORTGAGEE, its succestas and auigns:
1. To pay all a~d tin~ular tFu principal snd interest and the various and sundry tums of money paysble by virtue of ssid promissory note, ~nd this
mortgsge, each and every, promptly on the days respectivety the tame seve~ally become due.
2. To pay ~II and ~ingvler the taxa, assessments, levies, l;abilifies, oblgstions and encumbrsnces of every narure and kind now on said dewibed
property, a that heresfter may be impoted, suffered, plated, levied, or auessed thereon, p tMt here~fter may be levied a auessed upa~ this Morty-
a9e, w the indebtedness secvred hereby, esch and eve?y, wl?en dve +nd psyable, sccording to I~w, before they become delinquem, and before a~y int~rest
attaches or any penalty it ir?currcd; AND INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAII BE PR0?1PTlY SATISFIED AND DISCHARGED Of
RECORD ANO THE ORIGINAI OFFICIAI OOCUMENT (SUCH A5, FOR INSTANCE, TME TAX RECEIPT OR THE SATtSfACiION PA~ER OFfIC~ALLY EMDORSED
OR CERTIf1E0) SHAtI 8f PIACED IN TNE HANDS Of SAID MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; and in the event iMf sny thereof is not
paid, saYSfied and discharged sa:d MORTGAGEE msy at any time pay the same w sny pan thereo( without waivi~g w affeding any opfio~, lien, equity or
•iQht under or by virtu! of this mortgage and the fulf amount of each and every such payment shall be immediately due and p~yible snd shall bear interes~
~•om the date thereof until paid at rate of ~ine per centum per annum and together with such interest shall be secured by the (ien of th:s morqta9e.
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