HomeMy WebLinkAbout0549 239721 ~ .
THIS INDENTURE. Msd~ the 3rd day of October A.D. 1972~ between
Terrv A• DeMott and Michell D De(yott~his Mrife
of $t . Luc ie County Flwid~, htreinafter desip~a~ed ~s the "MORTGAGOR," and FfRST fEDERAI SAVIMGS ANO tOAN
ASSOCIATION Of FORi PfERCE, a corporation orpanized a+id exisfir~g vnda the iaws of the United Stat~s of Americ~ •od havirg m p?i~c~P.1 pl~ce of
.~b~iiness in tF~e City of Fort Pierce, St. lucie County, florid~, herein~fter desqnated ~i tM "MORiGAGEE:'
` WHEREAS IM MORTGAG~R is juitly indebted to the MORTGAGEE in the sum of S 1 S s , good ~nd lawful money of the Un~fed
Seates advanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a ce~tain promiuory note of even date herewiti+, of whlch the tollowinp in
wotds and figures i~ a true copy. to-wit:
~ ~ 1 S~ 000 .00 r,~, 100188$O
Fwt Pierc~, Flwida, Oc tober 3. T9 72
\
Fa vaiue rece~ved, i, we or edher oi us, prom~se to pay, wiiiwuf <iefafcati~h, iu iiN, ucuac a` f;RST FE~.R.4i S!!~!"!~S eun ~t~ntW 4S~S9C)ATIpN OF ,
~ FORT PIERCE at fat Pierce, Ftor'~ds, the svm of S 1 S ~~0 with interest from date af the rate of7 • 75q(, pe~ annum, in manthly inst~ll•
menrs as folfows: S 124.0~ on the 1St day of ~cember ~q72 sn~f a like s~m on the cwrespond~ny day of esch month there-
~ after uroil the whole be fully paid.
` Each installr.xnt first shall be applied in payment of the interest and then on the unpaid balancc of the princtpal ium. If d ault is msde in ths
payment of any installment wFxn due, and such defautt continues 30 days, then et the oprion of the holder, and wifhout any other ~otice, all the remaining
installments shall be due and payable at once. Privilege is given to prepay this note in whole or in part at sny time witFwuf penatfy, Neither forsbearsnte,
` nor acceptance by the holder thereoi after any default in any paymcros hereon, shall be deemed exte~sion. A late payment lrbarye of ~ 6' 2O sh~ll be
~ added to each installme~t remaining unFaid 7 days after its due date, and a like sum shall be added to each such instaHment rbrnaining unpaid 7 days after
~ each sucteeding paymenl date.
Each maker, surety and endorxi hereof, jointly and severally, waives dema~d, presentment protest and natice of protest ~w nonpsymenL snd furthe~
` agrees to any extension of time of payment, either beEore w after maturity, without notice to any of us; and to pay all tosts of collecrion, includ7ng a
reasonable attorney's fee in 1he evenf oi any defautt hereunder, and hereby seve~ally waives all benefit of homestead and exempt{on under the constitution
a~d laws of each State of the United States, as agsinst this obligation or any eatension or renewal hereof.
\ Witness the hand a~d seal of each party,
1~ S/Terry A. DeMott ~i~
~
~ ~ _ ~ ~ (sE/?U
~ f Michell D. DeMatt
~ $22.50 i State Revenue ~U
Xl~wdO~Cl~cl~tmt761m4x ~
NOW, THERfFORE, the MORTGAGOR for the purpose of secwirg p~ymant of iaid tum of = 1 S s 0~ ~nd the performance of the
covenants and sgreeme~ts 1+ereioafter expressed, ~nd fw divcn good and valwbla considerations, by these presents, does grant, bargsin, sell, remise,
release, convey and tonfirm unto the MORTGAGEE, its successors and ~uigna, all that ce~tsi~ tof, piece or parcel of land, iitvate, lying, and beinQ in ths
County of SY . Lueie ~nd State of Florida, dewibed foUows:
Re~innina at a point 364 #eet North of Section corner
dividing Sections 22, 23, 14 and 15, Township 35 South,
Range 40 East, thence North along section line 50.9
feet to a stake, thence`North 83~ degrees Bast 333 feet
to the shore of the Indian River, thence South 20 degrees
East along the shore of the Indian River to a point due
East of the point of beginning, thence West to the point
of beginning. Together ~vith riparian rights.
EXCEPTING HOWEVER, the right of way of the present public
road kna~vr? as the Old Dixie Highway. ?
~s l'.~~. n•;. .rs~s . t~~~
n~~.s+.•-
. . .I.~..~. '.~.5' ~.~-3-,z-,
~~~'~~~~~rY
=a'_: ' _',~apps_S` '.1'~aT..-:::= . ' ~
~ STATE oF FL.ORIDA ~
DOCUMEMTARY, STA M P T A Y. !
c-~ OEPT_ OF REYENUE t p G
s~- - - ' RECEtVID ~ IN PAYM£NT OF TAXES
o _ p~ !~s'' t~ ~ ~ Z Z. S O ~ OUE ON CIASS 'C INTANGtBIE PE.~SOH~L PROPERIy,
o = ~~~Ot ' P1IRSUM(T TO CFIAPTER 71-134. ACTS OF 19/1. o~/
~ - . , _ -,z., R06ER POITRAS l~l'~ A
`"y'~``_ - y~. CLFlU( AAqIR COURT, ST. lUClf C0~ FUl l/
royetMr with •II and sinyular the tenements, hereditamenb and ~ppwt~nces thereuMO b~longinp or in anywise ~pptrfaininp fhsr~to. ~nd dl rents. Issues,
pr«eeds ~nd profiri ~tuuing and to accrue from ssid prcmises, all of which ue included in the above and fors9wrg dewiption snd hsb~ndum.
TO HAVE AND TO HOW the above dewibed and granted premius unto ths said MORTGAGEE, iri successon u+d as~iym for~vN. Md tlw sald
their
MORTGAGOR for heirs, e~ecutws, adminisrrators and +uigns, hereby cova+Nnri with tM said MORTGAGEE, itt suaesson and assiprn,
~hat ~V a TE' lawfully seized of the said premises in fee simple; that tF~e s+me ~re frN, ckar and discharped from all litm ~nd ~nc~ '
brances in law or in equity, and that they W~~~ a~ thP.l T ~~n sMll wsrrant and defend ths titl~ to the sarr» to tM said
MORTGAGEE, its sucussas and ~ssigns, forever against ths I~wfvl claims and demands of all persons;
PROVIDED, AU~AYS thst if tF~e MORTGAGOR shatl p~y unto the MORT('sAGEE the promiuory note htrtinbefor~ dtscribed and shaq truly, piomptly
and fully perform, dixharge, execvte, complete, tomply with and abide by each a~d every the stipulationi, ayreemenri, tonditions and covsr?anh of ssid
promiuory note and of this Mortgage, ttxn this Matgage and the Estate hereby ueated dull ceas~ and be nu11 ~nd void, "
IT IS UNDERSTOOD that the wwd "Mwtgsgw" whether in the singutar w plura( ~nywhere in this Mortyape, sh~ll b~ sinp~lar if one only ~nd
:hall be plural iointly asd sevesally if more tMn one. ~nd tF~at the word "their" as used aoywhere in thia Monyy~e sh~ll be 1~ken to mtan "hh:• •'Mn„
or "iti;' wherever the context ~o implies or admits. Also, that wherever there is a reference in tFK cove~ants and ay~eemenq herein co~tainad to any of.
the p~hies he?eto, the same shall be construed to mesn as well ~s the heir:, leyal rtpresent~tivp, successas ~nd uaipns (eithsr voluntary by ~cf of th~
parties a involunt~ry by operation of the Iaw) of the same snd that the covenants htrein contained sMli bind ~nd th~ Mnefiti and ~dvantp~s irwr~
to the respectiw hein, I~yal representatives, succeason and ~ss°yns of the parties hereto.
Md said Mwtyayws, for themseives and their hein, fegal representstivd, succeuors ~nd astiqns, hereby jointly and aevaally covenant and yree
to ~nd with the uid MORTGAGEE, its successors and ~~signs:
1. To pay ~II ~nd sirgul~r the principal and interest ~nd the variovs and sundry sums of money pay~ble by virtve of said promissory not~, ~nd this
mortyape, t~ch and every, p~omptly on the days respeNively tM s~me seve?ally betortw due.
2. To p~y atl ae+d iinyulsr tf~e taxes. auessments, levies, tisbilities, obtigstions and ancumbrarxes of tvery nature a~d kind raw on said d~scrlb~d
prop~rty, or that he~eah~r may be imposed, suffered, placed, levied, a ~uessed thereon, a thst hereafter m~y b~ levied w asses~ed upon thi~ Mwtp.
sge, a the indebtedn~ss ~ctured hereby, e+ch and svery, when due snd payable, accordinp to law, b~fore they becane detinquent, ~nd b~fon any int~rea
attaches or any penalty is incurred; ANO lNSOFAR AS ANY THEREOF IS OF RKORD TME SAME SHAtI BE PROAAPTLY SATISFIED AND DISCHARGED OF
RECORU AND THE ORIGINAI OFfIC1Al DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSfC
OR CERTIFIED) SHAII BE PUCED IN THE HANUS OF SAtO MORTGAGEE WITHIN tEN DAYS NfXT AFTER PAYMENT; and in the event that any the~eof is +at
paid, s~t"sfied snd diuharged said MORTGAGEE may st any time pay the same or any pa?t thercof withoul waiving o~ ~ffectirg any option, lien, sq~ity or
•ipht vnde~ o~ by virtue of thii mortgage and the fuli amount of each and every such psyment shall be immedistely due and psyabk and siull bear interest
~rpn the date fhereof vntit paid at rate of ~ine per centum pe~ ann~m and togetF~er w~th such interesl shall be secur~ by~ lien of th:s morptp~.
G Q j,~ A
£~;;K ~ f'~4£f
P
e i, +c~:. .
~~'I s~'~~~.. " - -