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HomeMy WebLinkAbout2408 2410~1 ~ TH15 INDENTURE, Nladsi the "day of ~t~~r A.D. 19 7~ . batween Westglen Corporatioa, a Flo~cida corporativn, - of St• ~1C~A County Florida, hereinaftsr deignated a~ the "MORTGAGOR," and fIRST FEDERAL SAViNGS AND IOAN ASSOCIATION OF fORi PfERtf, a corporat~on or~anized and cxiseing unde. ?he lews of ths U~ited Statos of Amerit~ ~nd MvinO its principal placs of ~ busineu in Ihe City of fo~l Pierce, Sf. lucie County, Florida, hereinafter designated as tM "MORTGAGEE:' ~ WHEREAS the MORTGAGOR is j~raly indebted to the MORTGAGEE in the sum of = 105,~00.~ good aod lawfut money of the United ' States advanced by the MORiGAGEE unto the MORTGAGOR, as evidenced by a catain promiuory nole of even date herewith, of which the following in i worda and figures ii a true copy, to-wit: i slo~,500.00 l0o~895T Fat Pierce. Flaida, ~Ct?O~@r 19_L For value received, ~re_a eithe~ of us, prom~se ~t+o pay, without defalcation, to ~he order of FIRST fEDERAI S~AV~tNrGS AND LOAM ASSOCIATION OF ' fORT PIERCE at Fort Pierce, florida, ~he sum of s~V?+~~~~ w;~h interest (rom dare ar the rate of r~ r~'3O per annum, in monthly instalb ~nents as follows: on fhe 18t day of ~Ce]0~9r , 19~ and a l;ke sum on the correspond~ng day of each mo~th there- after until the whole be fully paid. Each installment first shall be applied in payment of the interest and the~ o~ the ~npaid balance of the princSpal sum. If d ault is made ln 1he { ~ay~nent of any installment when due, and such defautt continues 30 days, then e~ the option of ehe holdei, and without any other ~otite, all tFk remaining ~ ;~,s~allments shall be due and payable at once. Privilege is given to p?epay this note in whole or in part at any time without penalty. Neither iorebearance, nor acceptance by Ihe holder thereof after any default i~ any payments hereon, shall be deemed extension, A late payment charge of S 43 ~ ,lo _ shall bs ~ added to each installment remaining unpaid 7 days after its due date, and a tike sum shall be added to each such insfaUment remtinirg unpa;d 7 days after each aucce¢ding paymem date. E+c}i ~~oaker, surety and endo~ser hereof, jointly and severally, waives dema~d, present~nem protest and notice of protest fw nonpayment, and further agrot~?fo apy extension of time of payment, e~ther before w after maturity, without not~ce to any of us; and to pay aN cosh of collection, including a reesorNb)e altorney's fee in the even? of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the comtitufion and Itws tSf,e~ch Srate of the United States, as against this obligation or any extensio~ a renewal hereof, ~,Witne;a the hand and seal of each party. ~~0~~~ `J G ~ B9 s_ S~ RoberL g. Roae , tseAU Preaident ' Coi~porate~sesl affiaed Atteat: S e, (SEAI) $i58 ` Secr° r~' cs~?u ( ~ ) State Revenue f~p~t~i~11Ce1kfl~'u191nN!'~fe~l~ NOW, THEREfORE, the MOR7CaAGOR for the purpose of set~ring payment of said sum of = 105~~'~ , ~~d the pe?formsnce of the ~ covenants and agreements hereinafter expressed, and fw divers good and valwb~e conside~ations, by these presents, doea grartt, bargain, sell, remise, release, convey and conf~rm~yn:o }~e C~eRTGAGEE, its succeswrs and auigns, ell that certei~ lof, piece or parcel of land, situate, lying, snd beirg in the County of ti 1'u end State of florida. dcsuibed as follows: 2, 3s 37, 38 and 39, of WESTGI.EN, accvrdit~g to the plat thereof on file in Plat ~ Book 1lt, Page 51, of the Public Rscords of St. Lucie County, Florida, F . ~ ~ ~ ~ = STATE ~F FLORiDA ~ ` o= ~ DOCUMENTARY~:,~, STA M P i A)~ ~ DfPT. GF REYENUE !'t •y,•~ - _ . ~ o = ^ I 58.25 ~ ~o-' ,r~ ~='~~n 1 RECE1VfD S~ ~ IN PA~M~n oF zwc~s DUE ON CI/ISS 'C' 1NTA~iGIBLE PERSO':at PRO?ERtY~ ~ FURSlU1PlT i0 CiiAPTfR 71-134. ACTS Of 1911. ROGER P0l7RAS CL~iK CIRqiR OOURT~ ST. WCIE 00., FLp, ; together w~th all and singular the tenements, hereditaments snd appurtances thereunto belonging or in ~nywise appert~ininy theroto, and afl renfs, iu~es. proceeds snd profits acuuing and to acvue from taid premises, all of which are inckrded in the above and forpoinp desctiption ~nd habendum. TO HAVE AND TiQ HOCD the above dauibrd and granted premises unto the said MORTGAGEE, in auaesson and auigr?s foreva. Md tM said MORTGAGOR for Lg heirs, exxutors, sdministrators and asiigns, hereby covensnts with the said MORTGAGEE, itt wttesson ~nd ~aipm, rhat Iawfully se~zed of the said premises in fee simple; that tht same ue free, clear and diuhsryed from ~II liero ~nd encum- ? brantes in law or in equity, and thst it will snd it8 he;rs shall wursnt snd defend ths title to the surw to tIN said MORTGAGEE, its succeuors and assigns, forever agsinst the lawfuf claims and demands of all pcKSOns; : i PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto fhe MORTGAGEE the promissory rate heteinbefpe destribed u~d sMll truly, promptly and fvlly ptrform, d;xt~arge, execute, complete, comply with and abide by esch and every the ~tipulations, agreemenfs, conditions snd coven~nri of s~id ~ promissory note and of this Mortgage, then this Mortgsge and the Estate hereby ue~ted shsll uase and be nutl snd void. IT IS UNDERSTOOD that the word "Mortgagor" whether in the singular w ptural anywhere in this Mortgsye, shal! be sinqvlar if o~e only and ~ shaH be plural jointly and severally if more than one, snd that the word "their" ss used anywhere in this Mwt9age sh~ll be taken to me~n "hi~," "hers;' _ or "its;' wherever the conteat w impliea q ~dmits. Alw, that whcreve? there is • reference in the covenanri and agreemen» herein contained to any of fhe parties hereto, the same shati be ca?sfrued to mesn es well as the hein, legal rtpresentatives, successws a~d asi~grn (eithet voluntary by ~d of tM ; parties or involuntary by operation of tlk law) of 1Fx same and that the tovenants herein contained sMll bind and the benefiri a~d advsnissq inw~ ; to the retpective heirs, legal ~eprexntatives, iuccessors and au'gns of the p~rties hereto. And said Mwtgagon, fw t}Kmselves and fheir heirs, tegal reprexntatives, succe:sors snd assigns, hereby joiMly artd severally covenant and ayree te and with the said AAORTGAGEE, its successors snd assigns: 1. To pay all and singular the priocip~l and i~terett snd the various and wndry sums of mwxy payable by virtue of said promissory note, ~nd thK mortgage, esch and every, promptly on the days rapectively the ssme severally become due. 2. To p~y all and s~ogular tF~e taxes, ~suiunents, levies, tiabilities, obligstions and er?cvm6rarKes of every nature and kind now on said desaribed property, or that hereafter may be imposed, suffereA, placed, kvied, a assessed thereon, w that heresfter miy be levied or ~iteased upon this Mort¢ age, or the indebtedness secured hereby. ~sch and every, when due and payable, according to Isw, befwe they become delinquent, and befw~ ~ny interest ' afraches w any penslty is incurred; AMD INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHALL 8E PROMPTLY SAiISfIEO ANO DISCHARGED OF ; RECORD AND THE ORIGINAI OfFICIAI OOCUMENT (SUCH AS, FOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AlLY ENDORSED ~ OR CERTIFIE~) SHAII BE PIACED IN THE HANDS OF SAiO MORTGAGfE WITHIN TfN DAYS NEXT AfTFR AAYMEN7; and in rhe event t?~at any thereof is noe paid, sat'sfied and dischaiged sa:d MORTGAGEE may at any time pay the ssme or any pan thereof without waiving ot affediny any option, lien, eq~ity or •~qht under o? by virtue of this mortgage and the full amount of each and every such payment sFull be immediately dve and payable and shall be~r interest ~~om 1he dafe theieof until paid ae rare of nine per centum per annum ~nd together v~{th~s~~~ftphall~ iey~yd by the lien of th:s mw~ts9e. . ~~~Jlt ~ ~ ?1f E ..407 - ~ _ ~ r~