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Home My WebLink About0916 ' 2399'~1 ~ THIS INDEtf'tURE, Made` the `23th , day of October A.D. 19~ between _ Richard N. Brown and Teres~/Brown~ his wif~ _ - H ~ ~ of - $t • 1.L1Cle , C~~~y Flw~da, here~nafter deignated as the "MORTGAGOR," a'rid FtRST FEDfRAL SAVIMGS AND IOAN A55p~1ATlON OF FORT PIERCE, a corpora?~on organized and exis~ing unda the laws of the United Sut~s of America and hsvlnp its principal place of business in ths Ciy of For1 Pierce, St. Lucie Cwinty, Flexida, hereinafter detiynated as ths "MORTGAGEE." WHEREAS the MORTGAGOR is jvitly i~debted to the MORTGAGEE in ths sum of =16 ,000 good and lawful money of the Un+t~d Srares ad~a+xed hy the ."„~RTGAGfE ~n:o fhr MORiGAGOR, as evide~ced by a cMta~n p?omi::ory note of even date herowith, of which the following in words and (igurea is a true topy, to-wit: z 16,000.00 10018931 Fwl Pierce, ftwida, OCtObel 13 ~ ~y,J~_ fa value received, 1, we w either of us, promise to pay, without defaltation, to fhe order of fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORi PIERCE at Foh Pierce, Florida, the sum of s16 .0~ w;tF, ;nre~est Gom dnte at the ~ate of 7• 7~ per annum, in mo~thly install- ments as (o1loa•s: 3 132 .~O 1SL day of De~~~r, 1472 and a!~ke sum oa the cwreipond~ry day of each month there- after until the whofe be fully oa~d. Each ins+allment first shall be applied in psyment of fhe interest and then on the un~a~d batance of the princ~pal sum. If d auft ia made in the payment oi ~ny in~tatlment when due, and such defaulf con~in~es 30 days, lhen a1 the option of the holder, and without any other notice, all the remai~i~g ~ns~allments shall be due and payabte af once. Privilege is given to prepay this no~e in whole or in part at any time without penalty. Neithcr forebearance, nor acceptance by the hoide~ ~hereof after a~y default in any payments hereon, shall be deemed extension. A late payment charge of S 6•~, shalt (x added to each instattment remaining ~npaid 7 days after its due date, and a like sum shall be added ~o each suth instaflment remaining unpaid 7 days after each succeeding payment date. - Eath maker, surety and endwser hereof, jointly and severally, waives demand, presentment protest and notice of p~otest for ~onpayment, and funher agrees to any extension of time of paymenf, either before or after maturity, without notice to any of us; and to pay all costs of collection, including a reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all be~efit of homestead and exemption under tha constitution and laws of each State of the United $tates, as against this obligation ot any extension or renewal hereof. Witness the hand and seal of each party, (SEAL) s%Richard H . ~YOWri (SEAL) (SEAI) $24.00 S/Teresa H. Srown ~s~ l ~ State Revenue (S~aw~s-»wc~11~i ~w. ~:ginal.~wa}- NOW, THERFFORE, fhe MORTGAGOR for the purpose of secvring payment of said sum of ; 16 ~~~.0~ and the perfwmance of tha covenants and agreements he~einafrer expressed, and for dvers good and valuable considerations, by these presents, does grsnt, bargain, sell, remise. release, convey and confirm unto tix MORTGAGEE, its succeswrs and assgns, a!! thai certain lot, piece w parcel of Isnd, situate, lyi~g, e~d being in the County of _ St . Lucie ~ and State ot Fb?ida, dexribed as follows: - Lot 12, Block S5, Unit 5, LAi~WOOD PARK SUBDIVISION, as per plat thereof on file in Plat Book 11, page 5, Pubiic Records of St. Lucie County, Florida,? . E oF F~~RP°°' i _ ~ AA 3 00 Cj ' jMENSARY/,s:~•` ~~5 ~ . RE~~CQyfD t ~ tN w?Y~+c*tt rs TLr~ u' ~v•" -~'f~~+.~ . WC OK ~ ~C~ ~ ~ ~,Z _ ~ yEr~vE : O O 1 CUI~s ~C tnt~rteie .F . . _ ~~~or~~.; r, G~ ~fP7• U w' ~ Z 4. PFIl~'i$UJWi TO C~IAPTFR 72•: .';:i3 _]F i~'!3 sr H - = i:-•i i'' ~ , RCfif.R :`,:'li .,C ~ f ~ .~an o~ P.B.+ CtERK CIFCW? V~U:i:, Si. ~i.~~E '~t~, 'r~._ = ~~?o~ o rogether with all and singular the tenementi, hereditamentt and sppurtances thereunto belonginy a in anywise appert~ining thereto, snd a(1 reMS, iuues, p~oceeds and profits atcruirg and to +ccrue from said premises, all of which are included in the above and fwepoing desuiption snd habendum. TO HAVE AND TO HOID the above descr76ed and gnnted premises unto the said MORTGAGEE, iN wcceuwt and sssiges fwever. And th~ said MORiGAGOR fa t~1Qlr--_-- he;rs, execvtas, sdministrarori and assigns, hereby covenantt with the said MORTGAGEE, its succeuws ~nd ~uiy~s, thet th ~[-aIQ- lawfully xiZed of the said premises in fee timplr, that the ssme ~re free, clear and discharyed from all 1'~ens u~d encvm~ brances in Iaw w in equity, and that they M,ill and their heira shall wsrrant and defend the title to the iame to the s+id MORTGAGEE, its successors and assigns, fwever agsinst the lawful claims a~d dem~nds of all person~; PROVtDED, AIWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the ptomissory note hertinbefpe desvibed and shaU truly, promptly and fully perfwm, d~scharga execute, complele, compiy with and ab~de oy each and a.rry 1he s~i~:;iaiar.s, agreem.enss, cottiditions artd corenant~ of ~eid promissory note and of thia Mortgage, then this Mwtgage and the Estate he~eby ue+ted shall cesse and be nult snd void. IT fS UNDERSTOOD that the wwd "Mortgagor" whetF~er in the s~ngutar w plurat anywhere in this Mwt9age, shalt be sinqular if one oaly and shall be plural joinfly and severally if more than one, and that the wwd "their" as ufed anywhere in 1h7s Mortgage thall be bke~ to mean "his," "hen;' or "its;' wherever Ihe conte:t so implies w admit~. Also, that wherever there is a referente in the covensnts and sgreementi Fxrein contained to any o( rhe parties hereto, the same shall be construed to mean as welt as the heira, legal representatives, successon and assigns (eithet voluntsry by ~cf of the parties or involuntsry by operat'an of the law) of the ssme and that the covenants I~erein contairxd shsll bind and the benefitt and advantages inure to the respective heirs, legal representatives, successors and a~rgns of the puties Ixreto. And taid Mortgsgors, fp tlxmselves and lheir heirs, legal represenfafivei, succeuors and auigns, heieb~.jointly ar?d seve?ally covenant sad a9ree to snd with the taid MORTGAGEE, its successws and assigns: 1. To pay sll snd singular thc principsl and interest and the various and sundry sums of money payable by virtue of said p?omissory note, and this mortgsge, each end every, promptly on the days respectivety the same severslfy become due. 2. to pay •II ~nd ~ingutar the faxes, sstessments, tevies, iiabilities, obligstior?s and encumbrances of every nsture snd k;nd now on said described properry, a that hereafter may be impo~ed, suffered, ptaced, levied, o~ assesscd thereon, or that hereafter may be levied or assessed upon this Mortp- age, w the indebtedness secu~ed hereby, e+ch and every, when dve and p+yable, according to law, before they become delinquent, and before ~ny intereat artaches oi any penalty is incur~ed; AND INSOFAR AS ANY THEREOF IS OF RECORD TNE SAME SHAII 8E PROMPTIY SATISFIED ANO DISCHARGED UF RECORD AND THE ORIGINAL OFFICIAI OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPi OR THE SATISFAC710N PAPER OfFICIAIIY ENDORSEb OR CERTIFIE~) SHALL BE PLACEU IU iHE HANDS OF $Alp MORiGAGEf WITHIN TEN DAYS NFXI AFiER PAYMENI; and in the event that any thereof is not paid, sat'ified and discharged sa:d MORTGAGEE may at sny time psy the same a any part thereof without waiving w a(fetting ~ny option, lien, equity p .iqht under a by virtue of this rtwrtgage and the fvll amount of each and eve~y svch paymeM shall be immediatefy due and payable and shall besr i~teresr ~~om rhe date thereof until paid at ra?e of n~ne per centum per snnum a~d together w~th such interest shall~ R secured by the lien of th's rtwryts~e, j 80Q1t~~ PACE 91.~ 44'^ ~^t~-••'~ d>; f _ ~ .s4 . _I