HomeMy WebLinkAbout1023 Fr~fV V~.t a7
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THIS INOENiURE, Made the lfith day of October r? A.D. 19?? between
Sherman Flatch and k'achel L. Futch, his wife
of ~t. I.uC1E~ ~a,nry fiorida, hereinaite~ designated as the "MORiGAGOR," and FIRST FEDERAL SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, • corpo~ation wyanized and existing u~der the law~ o( the United S~a?as of Ame~ica snd having its principal plate of
business in the City o( Fo~t Pierce, St. lutie County, Flaida, herei~after dasignated ss ths "MORTGAGEE:'
WHEREAS tM MORTGAGOR is juitly indebted to the MORTGAGEE in the sum ot S lOi O~O. ~O _ 9~ and lawful money of fhe Un;ted
States advanced by the MORTGAGEE unto the MORTGAGOR, as e~idenced by a ce~tai~ prom~sswy note of even date herewith, of wh~ch the following in
wwds snd figures is a true copy, lo-wir
~ 10,000.00 ~ 100189~3
rort Pkrce, F~o.id., October 16 19 72
fw vat~e r~ei-.'ed, t, we ar eitFrr cf ~s. ~r~.^:isa !4 ~3Y, whhovt dwfAlcatio», to Ihe order of FIRST fEDERAt SAVINGS AND IOAN ASSOCIAiION OF
FOR1 PIERCE at Fort pierce, Fb~ida, the sum of j 1~ ~(~`7O •0O w;1h interest from date at the ~ate of 7• 7 5DO per annum, in monthly i~stall•
me~~s as fot!ows: ~3 . 00 1 s t Dec embe r 72
S on the day of , 19 and a like sum on the co~respond~ng-day of 3tfi-month there-
after ~ntil the whole be fulty paid.
Each install~ne~t firsi shall be apptied in payment of the interest ~nd then on 1he unpaid balance of the princ~pal sum. If d ault is made in the
payment of a~iy installment whe~ due, and such defau~t continues 30 days, then at the option of the hotder, and without any other notice, all tht remaining
~ns~allments shatl be due and payable at o~ce. Privilege is given to prepay thiY note in whole or in pa?t at any t~me without penalty, Neither forebearance.
nw acceptance by 1he holder thereof aiter any default in any payments hereon, shall be deemed extension. A late payment charge of : 1 S, shall be
added to each ins?allmen? remaining unpaid 7 days afle~ its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after
each succeeding payment date.
Each r.:aker, surety and endorser her~of, jointly and severally, wa~ves demand, presentment protest and notice of protest fw nonpayment, and further
agrees to any extension of time of payment, eitiver befo~e or after maturiry, withoiet notice to any of us; and to pay all costs oi collection, i~cluding a
reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution
and laws of each State af the United States, as against this obligation w any extens~on or renewal he?eof.
Witness the hand and seal of each party.
(SEAu
s/ Sherman F`utch ~At)
(SEAI)
s Rachel L,. Ftitch
~ ti 15 . 00 ) State Revenue
(Stamps-canteller~ art-origina! -no?~
10 000 00
NOW, ~HEREFORE, the MORTGAGOR fw the purpox of securi~g payment of said sum of s ~ • , snd ihe performsnce of the
cove~ants and agreement~ hereinafter expressed, and for divera good and val~able considerations, by these presents, dxs gront, baryain, sell, rem~se,
retease, convey and co~firm unto the MORJGAGEE, its successors and essigns, all that ce~tain lot, piece or parcel of land, situate, lying, and being in the
Counry of St . L,uC 12 and State of Flwida, described as follows:
Lots 9 anc~ 10, Block ~1, SU^IL~'~'VD ~1PDE\S, a subr~ivision according to
a nl~t thereof on file in Plat Book 4t at page 67, public records of ~
St . Luc ie County, FloriCa,
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po~Jo •.:.-~f t~c~tvEO 0- ~ N PAYMENT Qf TAXES
~ O~P~ p~E ON CLASS 'C tNTANGIBIE PfRSON.AI PE?O~EK~r,
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Z PUt~S11ANT i0 CNMTER 71-134, ACYS OF 19I1. ~Y ~
~ ~ ~ ROGER POITitAS
q.E1tK CIRCtiIT COURT, ST. UlC1E C~. ~
togetixr with all ar ,.htgular the tenements, herediramenri and appurtances thereunto belonging or in anywise ~pperfaining thereto, and all rents, iuves,
proceeds and profits acuving and to acuue f~om said premixs, aU of which are included in the above and fwegany desviption and Mabendum.
TO HAVE AND TO )lOID ti?e above desaibed and gnnted premises unto the said MORTGAGEE, itt svccessors and auiyns foreve~. And tiw ~aid
t~iC'l]C
MORTGAGOa fw heirs, executws, administrators and sugns, hereby covenants with tlx ssid MORTGAGEE, it~ successws ar+d ~stipru,
they a re
rhat lawfully seized of the said premises in fee simple; that the same a~e free, clear and discharged from all lieru and encum.
b.arxes in law or in equity, and that they W~~~ a~ their heirs shail warrsnt end defend the title to the same to the said
MORTGAGEE, its s~ccessws and assgns, faever againsl the tawful cleims and demands of al! perw~s; .
PROViDED, ALWAYS that if the MORTGAGOR shall pay unto fhe MORiGAGEE the prom;ssory note hereinbefore dewibed and shall truly, promptly
and fully perfwm, d~scharge, execute, complete, comply with and abide by each and every tl+e stipulations, ag~eements, conditions and covenanh of s+id
promissory note and of this Mwtgsge, then this Mortgsge and tF?e Estate hereby ueated shalt cease and be nuN and void.
IT IS UNDERSTOOO tMt the wwd "Mortgagor" whether in the :ingular or plural anywhere in this Morigsge, sball be sinyulsr if one only ~nd
shall be plural jointly and aeverally if mwe than one, and that the word "thei~" as used anywF~ere io this Mortgage shall be tsken to me~n "his;' "hen;'
w"its;' wherever the context w implies a admits. Also, that wF~erever there is a reference in the coven~nfs and sgreements hcrein contained to ~ny of
the parties herero, the same shall be constrved to mesn as well as tF~e heirs, legal representatives, successws and assigro (either vauniarf by atf of the
parties or invol~ntary by ope~atan of the law) of the ssme a~d that the covenants herein contained shall bind snd the benefiri end advantayes inure
to the rqpective hei~s, legal representatives, succeuws and au'gns oF the parties hereto.
And said Mortgsgors, for themselves and their hei~s, lega! repreun?atives, sutcessors and suigns, hereby jointly and severally coven+nt end ayret
to and with the said MORTGAGEE, its successors and a~signs:
1. To pay all and iingular the principal and interest and the vsrious and su~dry sums of money psyable by virtue of said promissory note, and this
mortgage, each and every, promptty on the days respecfively the same sererally become dve.
2. To pay •11 and singular the taxes, ssstssments, levies, liabilities, obligstions and ehcumbrances of every nsture snd kind now on iaid desuibed
properfy, w thst hereafter may be imposed, suffered, placed, levied, or assessed thereon, w that hereafter may be levied w~sussed upon fhis Mort¢
aye, or the indebtedneu secured hereby, esch and every, when due ~nd payabte, according ro bw, bafore tMey become delinquent, and befwa any ir+tere~t
attaches or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RECORD THE SAME SHAII BE PROMPTLY SATISFIED AND OISCHARGED Of
RECORD ANO THE ORIGINAL OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, 7HE TAX RECEIPT OR THE SATISfACT10N PAPER OFftC(ALLY ENDORSEp
OR CERi1F1ED) SHAII 8E PLACED IN THE MANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event that any the~eof is not
paid, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the same w any psn thereof without waiving or affecting any option, lien, equity a
•iqht under or by virtue of this martgage a~d the futl amount of each and every such payment shaH be immediately due and payabk and shall bea? inlerest
<<om the dste thereof until paid at rate of n~ne per tentum per ann~m and together w~1h such interest shall be secured by Ihe lien of th:s morgt~qe.
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