HomeMy WebLinkAbout1223 ~~ti186 C~ '
THIS IMDENTURE, Msde the 16th d~Y of -ACt ^h°Y' - A.D. 19
72
- between
Alfred L. Test and Gwendolvn Test, his wife `
o{ St _ T.u[±l' p ~ County Florida, heroinafia designared'as the ~"MORTCaAGOR;' and FIRST FEDERA~ SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, a corpwation ayani:ed and exis~ing under the Iaws of the United Statos of America ~nd havin~ its pri~cipai pl~c~ of
business in the City of Fort Pierce. St. lucie County. Florida, he~einaft~r dei~ynated u th~ "MORiGAC3EE:'
2$ ~ 4~0 ~ ~0 ood and lawful money of the Unitcd
WHEREAS the MORTGAGOR is juitly indebted to the MORTGAGEE in the sum of = 9
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promiuwy no~e oi eve~ date herewitF., of which the foilowing in
wo~d~ and figures is a trus copy, ~o-wit;
5 28 F 40~ _ oo N, i nni ~~aaa
Fort Pierce, Flwida, ~tober ~.6 ~q 72
For value received, 1, we or eithrr of us, prom~se to pay, wi~hout defalcation, to the order of FIR51 FEDtRAI 5rlViriGS A~iD lC7AN AiSOCisliiON ~f
FORT PIERCE al fort Pierce, Fbrida, the sum of s 28 • 4~~ . 00 with interest from date at ihe rate of ~..a~b pe+ snnum, in monlhly install-
~„ents as follows: S 229 • ~0 1St day of Februarv_, 19 7~ and a ~ike sum on the correspondinp d~y of each month there-
afrer until the whole be fully paid.
Each installment first shall be applied in payment of the interest and the~ on the unpaid bslance of the printipat sum. If d auh is msde in the
Ha,~~nent of any instatlment whe~ due, and such defautt continues 30 days, thcn at the option of the holder, and without a~y other notice, all the remaining
~nstallments shail be due and payable at once. Privitege is given to p~epay this note in whole or in part at any time witfiout penalfy. Neithet forebearsnte,
nor acceptance by the holder thereof after any de;ault in any payments hereon, shall be deemed exrension. A late paymeot charge of S 44~a~i ~e
added to each installment remaining unpa~d 7 days after its due dafe, and a like sum shall be added to each such installment remaining unpaid 7 days after
each succeeding payment date. -
Each maker, surety and endo~ser hereof, jointly and severalty, waives demartd, presentme~t protesr and no~ite of protest fw nonpaymeM, snd further
agiees to any extension of t~me of payment, either before or after maturity, without not~ce 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 benefit of homestead and exemption under ihe constitul'an
a:~d laws of each State of the United States, as against this obligation ot any extension or renewal hereof.
Witness the har~ and seal of each party_
s/ Alfred L. Test (SEAI)
{SfAi)
s/ Gwendolyn Test ~se~u
cs~?u
(__~42.60 ) State Revenue
NOW, 1HEREfORE, the MORTGAGOR fw the purpou of securing payment of said sum of S and the performance of the
covenants and a9reements hereinafter expreued, and fw divers good aod valuable considerations, by these presents, .does grant, bargsin, sell, remise,
release, convey and confirm unto the MORiGAGEE, its successors and auigns, all that certain lot, piece w parctl of land, situate, lying, srtd being in the
County of $t I+UC le and State of Florida, deuribed ~s follows_ -
W~H~ S~D~YSI~~
Lot !~0 anci tha jrJest one-half of Lot 3° of Block 1~s per p? at thereof `
~n file in Plat Book 9 at Page 74 of the Public Re ords of St Lucie
~~unty, Fl.orid~:
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o~. OIE OM CUITS ~C' 11(TMGI~IE ~W~L ~~~r
/U~S41ANf TO t~IM~ER 7I•13t. IYCTS Of 1lll.
~F ~ ~ ROGER POITRJIS
. c~c c~cuR oou~r, sr. wc~ ca. fu
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rogether w~th all snd singular the tenements, hereditaments and appurtances thereunto belonging w in snywise sppertsining t}~ereto, and all renri, iuues, ~
proceeds and profiti accruing snd to accrue from ssid premises, all of which are included in the above +nd forcgoing descriPtion and h+bendwn-
TO HAVE AND TO HOID the above desuibed and granted premius unio the said MORTGAGEE, ib successo?s a~d a~siyns forever. And tM sald
MORTGAGOR fu th~~----- heirs, executws, administrators and assigns, hereby covenanb with the said MORTGAGEE, its successors and ~uipm,
ihat t~8j~-a~9-- lawfully seized of the said premises in fee simple; tF~at the same are free, dear and dixharged from •II lieru and enc~ ~
~ the wi11 and their heirs shatl wsrrant snd defend the title to the iame to tM said ~
brances in law or in equity, and that y
MORTGAGEE, its successors and assgns, forever against the lawful clsims and demands of a~l persons;
~ PROVIDEO, AlWAYS that if the MORTGAGOR shall pay unto the MORTGACaEE fhe promissory note hereinbefore dewibed and thall truly, promptly
~ and fully perfwm, diuF~rge, execute, complete, comply with and abide by each a~d evcry the stipul~tions, ~greements, conditions snd covensnri of said
promissory note and of this Mortgsge, then this Matgage and t!u Estate hereby aeated shaU cease s~d be null and wid•
IT IS UNDERSTOOD that the word "Mortgaga" whether in the singular or plural anywhere in this Mortgsye, shall be sirgvl~r if one only and
shalt be plural jointly and severafly if mae thsn one, and that the wad "~he~i' as ~sed anywhere in thi~ Mort9sye ifiall be taken to mc~n "his;' "hen;'
or "its," wherever the context w implies or sdmits. Also, that whe~ever there is s reference in the coven~nti snd ~greementi herei~ contained to ~ny of
rhe parties hereto, the same shall be construed to mesn a~ well as the heirs, legal representatives, succeswn +~d assigns (either volv~tary by ~cf of the
parties o~ involuntary by opcration of the law) of the same and that tl~e covcnants herein contained shall bind and the bcnefiri and sdvantayes i~wre
ro the respective heirs, legal representatives, successws and au'gns of the parties hereto.
And said Mortgagors, fw themselves and their heirs, legal repreuntatives, successors snd assigns, hereby jointly •nd severslly coven~nt ~nd pree
io and with the iaid MORTGAGEE, its successws snd suigns:
1. To pay sll and singular the principal and interest and the various and ~vndry s~ms of mw?ey payable by virtue of said promissory note, snd fhi~
morlgage, each ar+d every, p~omptly on tMe days respedively the same severally become due.
4. To pay all and ~ingvlar the tsxes, assessment~, levies, liabilities, obl'gations aod encumbrsnces of every nature and kind now on taid dewlbed
property, w that heresfter may be impwed, suftered, plxed, levied, or +ssessed the~eon, or that he~eafter may be levied a~~sessed ~pa+ this Mort¢ ~
age, w the indebtedr?eu ucured hereby, tach end every, when dve and pa~able, according to law, befwe they become delinqueM, •nd before any intere~t
attaches a any penatty is i~curred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHALL EE PROMPTIY SATISFIED AND DISCHARGEO OF
RECORD AND 1HE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OFFICIAIIY ENDORSED
OR CERTIf1ED) SHALL BE PIACED IN THE HANDS OF SA~D MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not
paid, sat:sfied and dixharged sa:d MORTGAGEE may at any time psy the s+me w any part thercof without waiving w affeUing any option, lien, equity w
•iqh? under or by virtue of this mortgage and the fult amount of each ar.d every svch payment shall be immediately dve and payable •nd sfiall bear iMerest
~rom the dere thereof until psid sr rate of n~ne per ce~tum per annum and together w~th such ir~er~st secured b the lien of th:s mwyt~e.
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