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Home My WebLink About0904 2-~s~ .f'.~ - ~ TH15 lNDENTURE, Msds the 12th day of October A.D. 1972._, belween S.L.M. Development Corporation, a Florida Coxporation of St . I"uC le County Flwid~, hereinafler desgnated as the "MORTGAGOR." and FIRST fEUERAI SAVINGS AND IOAN AS$OCIATIOM OF FORT PIERCE, • corporation oryanizcd and ex~sting unda the laws of !he Un~ted Statos of Ame~ica and havin9 its principal place of buiineu in ths City of Fort Pie~ce, St. luc~e Cou~ty, florida, hereinaiter des~g~ated as the "MORTGAGEE." ~ WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of =3O , good and lawful money of the Un~ted Srates advanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a terfaih promiuory note of even daie herewith, of which the following in wwds and figures is a true copy, lo-wit: s~.,5U0 .00 N, I0018927 Fort Pie?ce. Florida, OCtOb@I 12 ~ ~y 72 fw value received, I, we or either of us, promise to pay, without defatcat~on, to the order of FIRST FEOERAL SAVINGS ANO tOAN RSSOClATI~N OF i FORT PIERCE at Fwt pierce, Fbrida, the sum of s 3O fs~~•~~ w;th interest (rom date at the rafe of ~~S% per annum, in monthly install- ments as (ol!ows: S 246•0O- on the lSt day of February ~y 73 a~d a like sum on the corresponding day of each month there- after until the whole be fully paid. Each installme~t first shall be applied in payment of the interest and then on the unpaid balance of the prinupal sum. If d ault is made in the pay~nent of any installmeM when due, and such defautt continues 30 days, then at the option oF the holder, and without any other not;ce, all fhe remaining ~ns+aliments shalt be due and payable at once. Privilege is given to prepay this note in whole w in part at any t~me without penalty. Neither forebearance, nor acceptante by the holder thereof aiter any defauh in any payments hereon, shall be deemed cxtension. A late payment tharge Of S 12 shall be addrd to each instaliment remaining unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaini~ unpaid 7 days after each succeeding payment date. Each make~, surety and endorse? hereof, jointly and several~y, waives demand, presentment protest and notice of protest for nonpayment, and further agrees to any extension of time of payment, either before w afte? maturity, without notice to any of us; and to pay all costs of caNxtion, incfvding a reasonable attorney's fee in the event oi any delault here~nder, and hereby severally waives all benefit of homestead and exemption under the tonatitutan a~~d laws of each State of th~ United States, as against this obligalion p any e~ctensio~ a renewa) hereof. w~t~ess the hand and seal of each party. S, L. M. DEVELOP~~NT CURAORATION Corporate Seal Affixed BY~ ~/Milton F Flvnn PresidPnt ~sEaU - (SEAU ATTEST: s/Marv F. Flvnn Secretary ~Ai~ ~ $45 .75 ) $tate Revenue ' rc~~~? (SLmpa ~anoe~N~d-ow~wisi~ wo~e} NOW, THEREFORE, tha MORTGAGOR fw rhe purpose of securing payment of said sum of S 30 .O~ , and the performance uf the covenants and agreements htreina(ter expressed, and fw d~vers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE, its successors and auigns, ell that certain lot, piece or parcet of land, situate, lying, ar~d being irt the Cou~ty of S t. LUC le and State of Flwide, described as follows: Lot 4, Block 4, 17-IUMB FOINR', according to the P.Zat thereof as recorded in P2at Book 10, page 79 of the Public records of St. Lucie County, Rlorida,~~ ~ _2 .L-~ M P~ ~ 1 pF ~ AT'~ ~ 5---~'~"` 1 N -~"'j'TCUMENjAR-~~ °~,4 OZ r DOP~vG..uE Z;,:'' ~ 4 t,., Sj , do ~ . c-' i2 I R~ IN PAYMEHi pF T11~(fS s~ Dil~ OM Ct/lSS'C IMTAIMGIBLE PERSONAI P?0?ERIr~ ' ~~c. o J P.B. PURSWWT TO ~ t~~^2 CMAPTER 71-134, 11CiS Of ly/l. 0 ~ ROGER PORRAS CLFRK CIRWJT COURT, ST. LUC1F C0, FIA - i i ±ogethsr w~th' all and sinoul~r the tenements, hereditament~ •nd appurtsnces thereunto belo~ging w in anywise sppertaining thereto, snd all rentt, issues, ~ proceeds snd profits accruing and to. aarue from said premius, all of which are inclvded in the sbove end foreyoirp dascriptiort and haberxfum. i ; TO HAVE AND TA MOIp the above described and granted premises unto the said MpRTGAGEE, iri ivccessors tnd issigns forever. And 1Fw said i MORTGAGOR for he;rs, executors, administraton and assigns, F?ereby covenants with the s~id MORTGAGEE, its si?ccessori and auigru, ~ lt 1S ~ rhar lawfully uized of the said premises in fee simple; that the ssme are free, clear ~nd diuharged from all liens and encum- b: antes in law w in equity, and that_1 t _ will and 1 t S heirs shall warrant end defend the title to fhe ~ame to ihe said MORTGAGEE, it~ s~ccessws and auigns, forever against the lawful claims and demends of all perspu; PROVIDE~, ALWAYS that if the MORTGAGOR shsll pay unto the MORTGAGEE the promisiory note hereinbefwe described and shall truly, promptly ' and fully perform, d~uharge, execute, complete, comply with and abide by each and every tF~e stipulations, agreements, conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall ceaie and be null and void. ~ IT IS UNDERSTOOD that the word "Mortgsgor" whether in the singular w plural a~ywhere in this Mwtg~ge, shall be sinyular if o~e onty snd shall be ptural jointly and severally if mwe than one, artd tiwt the wwd "lbeir" ss vsed anywhere in this Mortgsge sMll be taken to mea~ "his;' "hers;' ' or "its," wherever the context so implies w sdmits. Also, that wherever there ii s reference in the covenants and sgreem~ntt herein contsined to any of the parties hereto, the same shsll be consrrued to mesn as well ss the heirs, legal representatives, successon and assigns (either voluntary by an of the parties w involuntary by operat'an of the Iaw) of the same and that the covenants herein contained shall bind and the benefits and advantsges inure ro the respective heirs, legal rep~esentstives, successors and au'gns of the parties hereto. And said Mongagon, fo. themselves and their heirs, legal representatives, successors and auigns, hereby jointly and severaNy covcnant a~d agree ro and with the said MORTGAGEE, its svccessors ~nd assigns: ! 1. To pay ~II a~ •ingular the printipal and imerest and the various and sundry sums of money payable by virtue of said p~omiuory note, •nd this i mortgage, esch and everyr, promptly on the days respectively the same sevenlly become dve. i 2. To pay •II and s~ngular the taaes, sssessments, levies, liabilities, obligations snd enc~mbrances of every nature and kind now on said dewibed property, p thet hereaftei may be impoud, svffered, placed, levied, or iuessed thereon, or that hereafter may be levied a atsessed upon this Mortp- ~ age, w the indebtedness secured hereby, each and every, when due and paysble, according to law, before tFxy become delinqueM, ~nd before any intere~t i atlachea or any penatry is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD TME SAME SHALI SF PRON4PiLY SATISfIED AND DISCHARGED Of I RECORO AND THE ORIGINAL OFfICIAI DOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OFFICIAlIY ENOORSED ~ OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN UAYS NEXT AFTER PAYMENT; and in the event that sny thereof it not paid, sa!'sfied and dixharged sa:d MORTGAGEE may at any time pay the same or any part thercof without w~iving o~ affecting any option, lien, equity or , •~qht under o? by virtue of this mortgage and the full amount of each a~d every such payment shatl be immediately due a~d payable and shall bear interest rrom tF~e date thereof until psid at rate of ~ine per centum per annum and togerher w~rh such interest sha)I ur~~ e lien of ~~gta9e. aG~x ~GV / ,~1Gi