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Home My WebLink About2168 ~~~~~4 , THIS INDENTURE. /N~d~ the ~~i8th day of October A.D. 19?2.., between Wm. Pennington and Katherine Z. Penninqton. his wife of St •~'t7C ie County Florid~, heranafta~ de~ignated aa the "MORTGAGOR," and FIR~T FEDfRAI SAVINGS AND IOAN ASSpCiAT10M Of fORi PIERCE, • corpor~tion o~panized and exis~ing under the laws of the Unlted Sutas of Ame~ica and Mvirg its principal piacs of busineu in tFK City oi Fwt Pi~rce, St, lutie County, Florida, hereinafter desiynated ai Ihe "MORiGAGLE:' WHEREAS ths MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 28 ~ 5~0 •~O good and lawful money of the United i Siatet advanced by the MORTGAGEE unlo tiw MORTGAGOR, as evidenced by a cena~n promissory oate of evsn date herewith, of which the followi~ in wordi and flgures is a trve copy, to-wit: " ~ 28,~500.00 ~ 10018953 Fort Pierte, Flwida, ~tober 1$ ~ 19 72 For value received, 1, we or e~ther of us, promix to pay, without defalcatio~, to the oider of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Port Pierce, Fiorida, the sum of j 28 ~ 5O0 ~ with interest irom date at the rate of7! S°X pe? annum, in mont,i~ly instalb r.:ents as foftowa: S 211 on the 1St day of FebruarY , 1973 and a like sum on the correiponding dsy of each momh therr ' afrer u~til ~he whole be fully paid. , ~ Each installment fir~t shall be applied in payment of the inte~est and then on the unpaid balance of the princPpal wm. tf d ault if made In fhe ; ~:ayme~t of any installment when due, and such default continues 30 days, then at the option of the holde~, and witho~t any ot{~er r+otica, all tt+e rem~ini~g ~r,seallments shall be due and payable at axe. Privilege is given to prepay this note in whote or in parf at any time without pen~lty. Neit~ f~es rante, no~ acceptance by the holdet thereof after any default in any payments hereo~, shall be deemed extension. A late payrt+ent charge of f shsll be added to each installment remaining unpaid 7 days after its cue dafe, and a like sum shall be added to each such installme~t remaining unpaid 7 days after each succeeding payment dste. Each maker, surety and endorser hereof, jointly and xve~ally, waives demand, p~esenfinent protest and notice of protest fw nonpayrr~nt, and further agrees to any eztension of time of payment, either before w after maturiry, without notice to any of us; and to pay all costs of collection, includ~ng a reasonabk attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption ~nder the ca+stitufan j and laws of each State of the l)nited 5tates, as against this obligation or any extension w renewal hereof. Witness the hand and seal of each party. S/l~'m. Pennington ~Au ~[~Catherine Z _ Pc.nninatn~ n _ ~qq cs~?u ~ t ~ ~ $42.75 ~ State Reven~e 3 ~ ~ ~ NOW, THEREFORE, the MORTGAGOR for the purpose of securi~g psyment of said sum of i 28~'SO~ ~ and the pe?fwma~ce of tM covenants and agreements hereinaiter expressed, and fw divc~s good a~?d valuable conside?ations, by these presenis, dxs grant, bargain, sell, remise, i release, convey and co~firm unto the MORTGAGEE, its sutcessors and auigns, all that ctrtain lot, piece w parcel of Iand, situate, lying, and being in the tounty of St. t'L1Cie and State of Florida, described ~s follows: Lot 21, Block 81~ LAKE410pD PARK SUBDIVISION, UVIT #7 as per plat thereof on file in Plat Book 11, Page 13, ~ recorded in the public records of St. Lucie County, Florida~ r $ ~ ~ f 3 ~i s p, ~ oF F~,ORiOA~ _ ^ TAMP tnX o= OOCU N~AR7 . DEPT.Df RE1fEIiiUE ' i - ~ ~ id,i ~1772 ' ~ 4 2 7 51 ~ ~ IN PIIYt/ENi OF TAXES - _i ' • , RECEIVED c' o = ?i. - , ~ _tt~0~~,r Di1E 0~1 ClASS'C' INTA~'~Gi6tE iE P.^0?ERfY, ; PUttStJ/~NT TQ CfiAPTER 72•13:. ?w~S i}F 1911. . . . . : . R06ER POIT£~1S J~ r~ ' CIfAK CIRCWT COURT, ST. t1iC1~ C0, FU~ 3 t together with all and singular the tenement~, hereditaments and appurtances thereunto be(onging a in anywise eppertaininy thereto, ~nd d! rsnti, luuts, proceed~ and profits atcruir?g and to acuve from said premises, all of which are included in the ~bovs and fwegoing description ~nd habendum. TO NAVE AND IO i{O1D ~he above desuibed and gra~ted premises unto the isid MORTGAGEE, iri suctesson and aui9ro foreva. And tM s+id ~ MORTGAGOR for - t11Qlr----- heirs, executors, administrators and assigns, heteby coven~nts with the said MORTGAGEE, iri sutcesfws and ~qipns, ~har th~ are___ ~aWf~u xized of the said y premiscs in fee simple; that the ssme are free, dear s~d discharged from all lieru ~~d ~ncvm~ brancet in law w in equity, and that they W~~~ a~ their heirs shall warrant end defsnd tht title to the sarta to th~ taid MO~TGAGEE, its tvccessors +~d auigns, forever against the lawful claims a~d demands of sl) pe~sau; PROWDEO, ALWAYS rhat if the MORTGAGOR shall pay unto the MORTGAGEE the promiaiory note hereinbefore described ~nd sh~ll truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stip~lations, sgreements, conditio~s and cOvenantt of ~aid promiuwy note +nd of this Mortgage, then this Mortgsge aod the fstate hereby aeated thall cease and be null and void. IT IS UNDERSTOOD that the wwd "Mortgagor" whether irt the singular o~ plursl anywhere in this Mortgsge, shal) be singulu if one only a~d + shall be plural joi~tly snd severally if mwe then one, and that the wo?d "their" as used anywhere in this Mortgaye sMll be taken to mean "his;' "Mn," : or "its;' wherever the context w implia or admits. Also, that wiu?erer there is • reference in the covenants ~nd agreement~ herein conlained to ~ny of ~ rhe psrtie~ iierNO, the ~sme shall be construed to mean ai well as the heirs, (egsl represematives, s~ccessors and assigru (either votuntary by ad of tM parties or involuntary by operation of the Isw) of the ssme and that the covenants herein contained shall bind ~nd tM banefits and +dv~mapa inw~ ro the respeclive fxin, kgal representatives, successors and ess'gns of tt~e p+nies hereto. And taid Mortgsgors, iw themseJves and their heirs, legal representativd, successors and auig~s, hereby joiMly and severally covenant and pree ro and with the said 1VIORTGAGEE, its successors and assigns: 1. To p~y all and iingulsr the principal and interest snd the vario~s and sundry sums of money payable by virtue of s~id promiisory nofe, snd thi~ mortgage, each ~nd every, promptly on the days respectivety the ume sevarally become due. ' 2. to pay sH er?d ~ingvlar the taxes, asussmenta, levies, lisbilities, o6ligations and entumbrances of every nature snd kind now on ~aid dewibed property, or that hereafter may be imposed, suffered, placed, levied, a assessed thereon, a that hereafter may be fev'~ed o~ asiessed upon thh Maty- age, w tFie indebtedneu securea hereby, each and every, when due and p~yable, ~ccwding to law, before they become delinquenl, ~nd before any intsres~ attaches a any penalry is inturred; AND INSOFAR AS ANY 1HEREOF IS OF RKORD TME SAME SHAtt BE PROMPTIY SATISfIED AND DISCHARGED OF RECORD AND THE ORIGINAI OFfICIAI DOCUMENT (SUCH A5, FUR INSTANCE, THE TAX RECEIPt OR TNE SATISfACTfON PAPER OFFICIAItY fNDORSE~ OR CERTIFtEDl SHAL! 8E PIACED IN THE MANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and i~ the event that •ny thereof is not 1 paid, sstsfied and dixharged sa:d MORTGAGEE may at aoy time pay the ssme w any part thereof without waivi~g or affectiny sny option, lien, equity p F •~qht under or Fiy virtue of tFis mortgage and the full amounf oi each and every such payment shall be immediately dve and psyable and shall bear intertst ~~om the dste thereof until paid at rate of nlne pe. centum per annum and together w~th such interesr shall bq~se,~ur p~ he lim of th:s morybye. sofl~ ~V ~ r~~~.; ~ ~~t ~ : - - - - ~ { ~ - W__, . 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