HomeMy WebLinkAbout0777 4 2398'71
THIS INDENTURE. Made the 12th day of OCtOber A.O. 19 72 between
Charles E. White and Elaine J. White his wife
,f St . Luc ie Cqynty F~~, ~re~~after dei:gnated as the "MORTGAGOR," and FIRST iEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, a corpwation wgani:ed and existing unde~ the laws oi the UpiNd S~~toi of America ~and havinp i1s {xirxipal pl~ce of
buiineu in ths City of Fwt Pierce, St. lucie County, Fiwida, herei~after designared as the "MOI~TOAGEE:' .
WHEREAS fhe MORTGAGOR is jusNy indebted to the MORTGAGEE in the sum of S 2Of0~•~~ , good and lawful money of the United
~ States advanced by the MORTGAGEE un~o the MORTGAGOR, as evidenced by a certain promissory no?e of even date herewith, of which the followiny in
words and (igures it a true copy, towit: 10018920
~ 20,000.00 ~
Fort Pierce, Flaida, ~tObeY 12~ 19 72
v fo~ value received, 1, we or either of us, prom~se to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
~ FORT PIERCE a1 Fo~t Pierce, Florida, ~he sum of s 2O w;th interest from date at the rate of 7• S% per annum, in monthly install-
_ po^d~^9 Y
~ ments as fol!ows: S 162.~ on 1he 15t day of _Februar~ ~q 73 and a like sum on the correa i da of eath month there-
after until the whole be fully paid.
-1 Each installment first shall be appiied in payment of the inte?est and then o~ the unpaid balante of the pri~cipal sum. If d aulf is msde in the
- vayment of any installment when due, and such default conti~ues 30 days, then at the option of the holde~, a~d without any other notice, all the remsining
installme~ts ahalf be due and payabte at once. Privilege is given to prepay this note in whole w in psrl at a~y time without penalty. Neither fwebearance,
nor atteptance by the hotder thereof after any default in any payments hereon, shall be deemed eatension. A la?e payment charge of : 8• 1O shall be
added to each installment remaining vnpaid 7 days after its due date, and a~ike sum shall be added to each such installment r~maining unpaid 7 days after
each succeeding paymem date.
f~~!; s_•e+Y a~d er,•~e••er h~•r~+f, =nintly and :everally, waives demand. presentmeN protest and ~otice of protest for nonpayment, and funhe~
agrees to any extension of time of payment, either before or after matunty, wi~hout not~ce to any of us; and to pay all costs of coltection, includ~ng a
+easonabk attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption undet the oqnstituta~
and laws of each State of the United 5tates, as against this obligation or any eztension or renewal Fi~reof.
Witness the hand and seal of each party.
S/Charles E. ~dhite ($EAL)
5/Elaine J. White
(SEAL)
(SEAL)
- (SE!?l)
. ~ $ 30 . 00 ~ State Revcnue
~~reytad~e~a~ta~ewtrX
NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of ss~d sum of = 2O ~ 0~ and fhe performance of tM
covenants and agreements hereinafter e~cpressed, and for divers good and valuabte considerations, by these p?esents, does grent, bergain, ull, remise,
release, convey and confirm unto the MORTGAGEE, its successors and auigns, sll that certain lot, piece w parcel of land, situate, (ying, and being in the
County of St .~'UC iQ - and State of Flwida, dcsuibed ss followt:
Beginning 80 feet South of the Northwest
corner of Lot S, MODEL LA~ COMPANY SUBDIVISION
of Section 23, To~vnship 35 South, Range 39 East; _
Run Southerely along the East Right of lVay of
Coolidge Road 180 feet to a Point; Thence Easterly
245 feet to a Point; Thence Northerly 180 feet to
a Point; Thence Westerly 245 feet to the Point
of Be~inning.
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v ~ STATE ~F FLORIDA ~
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= DOCUMENTARY~.-:.;l,STAMP Tl'.Y / iN PN`fMEt~1f Cf TAXES
c~ ° DEPT.OF REVENUE:f~~ •-'3~ ' ~~fR1'I~
' - = PERSON l
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o2 i,t,: ~ c;1 ~.ti 0 ~~~T
TU ~T
R 71.134. ACSS OF 1~rL
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p~ GW6U1 COURS~S . LUCIf 00, ~LA i'
together w~th all and singular the tenements, hereditameMS snd appurtances tF?e~eunto belonginy or in anywise sppertaining therefo, and all rents, iuves,
proceeds and profits accruing and to accrue from said premises, all of which sre included in the above and foregoinp descriptan and habendum.
TO HAVE AND TO HOI,p the above dew~bed and gronted premises unto the said MORTGAGEE, its successors and assigns forever. And tht said
their
MORTGAGOR for he~?s, executors, administrators and sisigns, hereby covenants with the said MORTGAGEE, its succeuon and auipro,
~ that - the-Y--~r~-- lawfully seized of the said p~emises in fee simple; that the tame ~re free, desr and discharged from all liens u~d encum-
~ brences in law or in equity, and that t he v wi11 and t he i r heirs shall wsrrant and defend the tit{e to the same to the said
,y~ MORTGAGEE, it~ successo+s snd assigns, forever against the lawful claims and demsnds of sll persaa;
PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory ~?o~e hereinbefore desuibed and thall truly, prompfly
and fully perform, dixharge, execute, comp~ete, comply with and abide by each and every the stipulations, ag~eements, conditia?s and covenants of said
promiuory note and of this Mortgage, the~ this Mortgsge and the Estate hereby created shall cease and be null and void.
IT IS UNOERSTOOD that the word "Mortgsgor" whether in the aingular or plural ~oywhere in this Mortg~ge, shsll be sinyul~r if one only ~nd
shall be p~ural jointly and ieverally if more than one, and that the word "their" as used anywhere in fhn Mortgsge sMll be bken to mean "hif;' "hen,"
or "its;' wherever the context w implies or admits. Alw, that wkerever the~e is a refere~ce in the covenants and agretme~ts herein to~t~ined to ~ny of
the psrties hereto, the same shall be construed to mean as well ~s the heirs, lega) representatives, successors snd s~iigrn (eithe~ voluntary by act of the
pa?ties or involuntary by operation of the law) of the same and that the covenants herein contained thall bind and the benefits and edvantages inur~
to the respective heirs, legal repreuntatives, successors and ass'gns of the psrties hereto.
And said Mortgsgors, fw themselves and their heirs, fegal represe~tatives, tuccessors +nd assigns, hereby jointly and severally coven+nt ~nd ayree
to and with the aid MORTGAGEE, its successors and a~signs:
1. To pay all and singular tF~e principal and interest and the various and sundry sums of money pay~ble by virtue of ~~id promissory note, ind this
mortg~ge, each and every, promptly on the days .respectively the same uverally become due.
2. To pay all ~~d singula~ the taaes, assesiments, levies, lisbilities, obligstions and encumFx~ncet of every nature and kind now on said deuribed
property, w that F~ereafter may be imposed, suffered, plxed, levied, w sssessed thereon, a, thst hereaft~r mey be levied or useased upon this N1wt¢
age, w tFM indebtedness secured hereby, exh snd every, when due and paysble, +ccwdinp to law, before they become delinqwM, ~nd befws any interest
attaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTLY SATISfIED AND ~ISCHARGED OF
RECORD ANO THE ORIGINAI OFFICIAI OOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIAIIY ENDORSED
OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the e~ent that any thereof is not
paid, sat'sfied and discharged sa:d MORTGAGEE m~y at any time pay the same o~ +ny part thereof without waiving or affecting sny option, lien, equity p
•iqht under or by virtue of this mo~tgage and the full amount of esch and e•+ery such payment shall be immediately due and payable snd sF~all bear inte~est
~rom the date thereof until paid at rate of n~ne per centum per •nnum and together w~lh suth interett shsll be secured by ?he lien of th:s mw9tape.
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BOOK ~ 1 +'At;E ~