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Home My WebLink About2963 24147U ~ iH15 INDfNTURf, Mad~ the 24th day of _ Al1qUSL , A.D. 1972~,between _ D and R Industr ies, Inc , a Flor ida Corpar at ion ~f St. ~.1.1C1Q CW~~y Flwida, herei~after de~ignated as the "MORTGAGOR," and FIRST FEOERAL SAVINGS AND LOAN ~ ASSOCIATION OF FORT PIERCE, a mrporation organized and existing under the laws of the Un+ted S~atQ~ of America end luving its principal place of busine~s i~ tM Ciry of fort Pi~rce, St. l~cie County, Florids, hersinafter designated as tM "MORTGAGEE:' WNEREAS the MORTGAGOR is jv~tly indebted to the MORTGAGEE in the sum of s 36 +000• ~0 Qood and lawiul money of the Un~ted ( Statef advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a cer~ain promiuwy ~ote of even date herew~th, of wh~ch ?he iollowing in ~ words ~nd figures is a true copY, to-wit: _ z 36.000.00 ~ 10018715 ~ Fort Picrce, Flwida, Al1Ql15L 24 i ~q 72 For vatue ?eceived, 1, we w eithe~ of us, promlu to pay, without defalcat~on, to the orde~ of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT QIERCE at fort Pierce, Fbrida, the sum of s 36 t O00 • w;th interest (rom date at the rate of $~_nSo per annum, in monthly ir.stall- ments as follows: s 390• en the 1 St day of ~tober ~q 72 and a like sum on rhe correspond~ng day of each month the~e- afrer umil ~he whole be fully paid. Each installment first shall be applied in payment of the interest and then on the unpaid balance of the princ;pal svm. If d ault:is made in the 4 payment of any installment when dur, and svch default continues 30 days, then at the option of ~he hoider, and without any other norice, all the ~emain~ng i ~nsta!lments shail be due and payable at once. Privilege is given to prepay this note in whole or i~ part at any time without penalty_ Neither iaebearance, ~ nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment tharge of S 1~• S0, shall be added to each installment remaining unpaid Y days afte~ its due date, and a like sum shall be added to each such installment remaini~g unpaid 7 days after each succeeding payment date. Fach make?, surety and endorser hereof, jointly and severally, waives dema~d, presentment protest and notice of protest for nonpayment, and further agrees to any extension of Iime of payment, either before o~ after maturity, without not~ce to a~y of us; and to pay all costs of co!lection, includ~ng a reasonabte attaney's fee in the evenl of any defau?t hereunder, and hereby severally waives aIl benef;t of homestead and exemption under the constitution and lav~s of_each State of the United S?ates, as against this obligation p any extens~on or renewal hereof. w~t~ess the hand and seal of each pa?ty. D AND R INpUSTRIES~ INC. ~ BY: s/ Richard A. FZanigan. Pr~~~ dirn~ tseau Corporate Seal Affixed ATTEST; s/ Alice J. Flaniqan, Secretar~~~ ~54.00 - Treasure~ ` ( ~ State Reve~ue ~Stsa~ptZa~wllliik0l?~ti4~ilib~ 7i6r~ NOW, THEREfQ}tE, tFro MORTGAC~R for the purpose of securing payment of ssid sum of s 36, 000 . ~O ~ snd the perfwmancs of the covenants and agreements he~einafter expressed, ar+d fw divers good and v~luable considerations, by thex presents, does grant, bar9ain, sell, ~emise, release, convey and confirm ~nto the MORTGAGEE, its svtcessors and auigns, all that certain lot, piece or parcel of Iand, situate, lying, and being in tha County of SL . LUC 1@ snd State of f(orida, desvibed as foflows: ; ~ ?he W¢st 142 feet of the Bast 157' feet of the North ~ of Lot 13, J. I. KELLEM'S SUBDIVISION, as per plat thereof on fi2e in Plat Book 3, page ~ 85, of the Public Records of St. Lucie County, Florida, ~ i ~ i 4 ~ • O jM~^~ ~ Z ' O_ ~~E~ ~ t ~ oF F LO R I[~ A ~ t~c~~u r~?~~ ~ STATE i "~n u+tr~'~ ~ ` ~z " D O C U M E N Y A R Y,,~.:., STA M P Tr. X I ot1~ q y~ p~ t E K 71-~. ~S ~~91~ r ~ c-~ ~ OEP1.Oi REYENUE ~ ~ M~~~ pp6ER ~ ~ ' ~ = P.. = ~z - ~ 5 4. 0 0 1 a,~c ~,Mwt~ °a'~. sT i"c`E ~ ° ~ ~~~o: _ ' 1 ; _ r , sogether with all and singular the tenements, hereditaments and appurtsncc~ tixreunto belonging w in anywise appert~ininp thcreto, and ~II r~nts, iuves, proteeds and profin xa~ing snd to acuue from said premisK, all of which ~re included in the a6ove and foregoing description and h~bendum, TO HAVE AND TO HOID the above described and grsnted premises unto tf?e said MORTGAGEE, its soccessors and assiyns forever. Md tFw said MORTGAGOR fo~ 2 t S Fro;rs, exetutws, sdministntors and assigns, hereby tovenanis with the said MORiGAGEF, in sutcessors ~nd assiyro, ~ that - i t-~--- lawfully teized of fMe said premiset in lee simplr, that the same are free, de+r and discharged from all liens u+c! ~ncwn- j brances in law or i~ equity, and thst 1 t wil! and 1 t 5 heirs shsll wsrrant and defend the titk to the sarrK to the said ~ MORTGAGEE, in successors and auigns, fwever agaimt the lawful claims and demands of all persons; PROVIOED, AIWAYS that if the MORTGAGOR sMll pay unto the MORIGAGEE the promiuwy note hereinbefore described and ~hal~ truly, promptly ~ and fully perfwm, diuMrge, execute, complete, comply wirF~ and abide by esch and every tFrc stipulafions, sgreements, conditwna and corenan» of said promiuwy rate snd of this Mortgaye, then this Mortgaye and the Estate hereby veated shall ce~se and be null and void. IT IS UNOERSTOOD th~t the word "Mortgagor" wlxther in the singular or plural anywhere in this Mortgage, shall be sinyul~r if o~e only and shall be ptural jointly end severally if more than one, snd that the word "their" es used anywhere in tha Mongage ihall be taken to m~sn "his;' "hen;' ar "its;' wherever the co~text so implies or admits. A~w, that wherever there it a reference in the covenants and agreements herein cont~ined to any of fhe panie~ he~eto, the ume ihall be construed to me+n as well as the heirs, legal rspresentativet, successas snd sugro (either vol~nt~ry by act of t!» parties or involuntary by operation of the law) of tbe s~me and that the covenanti herein contained shall bi~d and the benefih ai+d advant~yes invn ro the respective heirs, legel represen~atives, successon and su~yns of the p~nia hereto. Arxl said Nbrtgsgors, for themselves snd their heirs, legsl reprexntatives, successws and assig~s, he~eby joimly and severally toven~nt and ~gree eo and with the sa;d MORTGAGEE, irs svccessors and assigns: 1. To pay al! and sinpuula~ ths principal and interest and the vsrious and sundry sums of money payable by vi~tue of said promissory note, and this mort9age, each and every, promptly on the dsys respettivcly the isme severolly become due. 2. To pay all and singular the ta~ees, sssessmenb, leviei, lisbilit~es, obliqaYrons and encumbrances of every nature and kind rww on said described Property, or ihat hereafter m~y be impo~ed, suffered, pl~ted. kvied, a assessed thereon, w tF?s? hereafter m~y bs levied w assessed upon ihis Mort age, w the i~debtedneu secured hereby. ~ach and every, when due and payable, accwdirg ro law, befwe they become delinquent, a~d b~fat any iMerest arraches or any petwlty is incurrcd; AND INSOFAR AS ANY iHEREOf t5 Of RKORD THE SAJYSE SHAIt SE PROMPILY SAi15FIED AND DISCHA~tGED Of RECORD AND THE ORIGINAL OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATI$FACTION PAPER OFFICIAIIY ENDORSED OR CERTIFIED) SHALL BE PLACED IN THE HANDS OF SAiO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that sny theteof is not ; paid, sat'sfied and diuharged sa:d MORTGAGEE may at any time pay the ssme w sny part thereof without w~iving w affecting any option, lien, equity a ~~~ht under or by virtue of this mongage and the full amount of each and eveiy such psyment shall be immediately due and payable and shall bear interest ~~om the d~te thereof until paid ~t ~ate of nine per centum per snnum snd together wirh such interest shatl br, s~vryd~,~e lien t rytays. u ] I p!1CKl~,U / _ ; . 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